Insurers are much better capitalized and are now better suited to navigating the current crisis. Fortis is currently trading at 19 times forward earnings and 1.20 times book value. Fronsac REIT (TSE:FRO.UN) – Under the Radar in a Great Niche, Our top 10 Canadian dividend stocks to be looking at heading into 2021, Dividend Suspended. Royal Bank, the largest company in Canada by market cap, was the only one of the Big Banks not to earn either an A or B rating. Â. Share this article Market Cap: $3.05 billionForward P/E: 7.60Yield: 6.11%Dividend Growth Streak: 10 yearsPayout Ratio (Earnings): 41.86%Payout Ratio (Free Cash Flows): Premium Members OnlyPayout Ratio (Operating Cash Flows): Premium Members Only1 Yr Div Growth Rate: 7.80%%5 Yr Div Growth Rate: Premium Members OnlyStocktrades Growth Score: Premium Members OnlyStocktrades Dividend Safety Score: Premium Members Only. It’s been a mixed year for the banks amid concerns about the housing market and the broader economy, although that sentiment is starting to shift again.Â, CIBC is the only bank to earn top marks with its 5.15% yield. While CIBC was the lone bank to earn an A grade this year, TD, BMO, Scotiabank and National Bank are solid prospects. Given our current environment of uncertainty, dividend safety and reliability is the main reason why Fortis is our top dividend stock in Canada. Pay range: From $18.67 to $62.50 an … We chose these stocks not just because they pay well, but also because they have a history of dividend stability as well as a little growth. We used to have this on a separate page, but decided to merge it so Canadians could have all relevant information in one place. MoneySense will always make updates and changes to correct factual errors. The 2008 Financial Crisis halted all of Canada’s Big Banks dividend growth streaks. Now yielding 4.36% (above its 5-year historical average), the Royal Bank is deserving of its place among Canada’s top dividend stocks. The company has an 11-year dividend growth streak over which time it has averaged approximately 5% annual dividend growth. By Mark Swartz Monster Contributing Writer “Completing post-secondary education is still the best route to a well-paying, quality job in Canada.” ... There’s a mismatch between what students are studying, and what companies are willing to pay more for. You might be familiar with its leading metropolitan cities, such as Vancouver, Toronto, Montreal, Ottawa, and Calgary. About Us:Stocktrades.ca was founded in 2016 by investors Daniel Kent and Dylan Callaghan, with the ultimate goal of providing Canadian investors with the best possible tools to increase their investment portfolios. It accounts for only 83% of adjusted funds from operations (AFFO), one of the best coverage ratios in the industry. Currently, the dividend accounts for only 66% and 36% of free cash flow and operational cash flow respectively. Over the last two quarters provisions for credit losses spiked, yet despite this the dividend remains well covered. While Methanex isn’t a blue-chip stock, it is the world’s largest producer and supplier of methanol to major international markets in North America, Asia Pacific, Europe and South America. You'll see the offer pop up intermittently throughout the article. At 55.53%, it has the lowest payout ratio among its peers. Almost one in five companies has a yield above 5%, up slightly from last year. Financials and insurers in particular have been among the worst performing industries in 2020. Throughout the past three, five and ten-year time frames, Fortis has consistently raised the dividend by approximately 6%. Although this is concerning, the rate as a percentage of cash flows drops considerably. Although there are certainly trends worth monitoring, the need for office space will remain, and it may just look slightly different. A web developer is paid an average yearly salary of $66,058 in Canada. Shares fell by almost half due to low methanol prices and a change in strategy that has upset one of its major investors. As the pandemic hit, fears of a recession have dragged the financials to valuation levels not seen since the 2008 Financial Crisis. Allied Properties is also in one of the best financial positions of its peers. Share on Facebook “It’s hard to find cheap dividend stocks today,” contends Michele Robitaille, managing director at Guardian Capital LP, but she believes they are still the best option for investors right now. If you want the true best of the best, click here to get started for free. I think Canadian banks are a pretty solid option to … Sunlife is one of the newest additions to the Canadian Aristocrat list. It has been named Canada’s most valuable brand for five years running and is consistently among the best performing Big Five banks. It is the only one of Canada’s Big three to have a strong presence from coast-to-coast. 2019 Fortune list. The company owns an eight-year dividend growth streak in which it has averaged ~2.5% annual dividend growth. Despite the price of oil crashing, the company has re-iterated dividend growth guidance several times. If you notice below, the Bank of Nova Scotia is actually underperforming the TSX over the last 5 years, dividends included. Share on Reddit Also listed are the headquarters location, net profit, number of employees worldwide and industry sector of each company. But before you plunge in, it’s vital to remember yield has another meaning: caution. Investors need to be keenly aware of how sustainable those dividends are; sometimes they’re not.Â. Imperial Oil Ltd. (IMO) Industry: Integrated oil; Market cap: $13 billion; PE Ratio: N/A; Dividend Yield: 5.07%; Uninterrupted growth: Since 08/30/2013; Total years paying dividend: 31 years; Imperial Oil has been paying dividends for over 31 years, with uninterrupted … One of the biggest drawbacks with the company is the high payout ratios. Audiology is one of the highest paying jobs in Canada for women, with more women than men entering this field. It is currently trading at a 15% discount to net asset value and a pretty significant 42% discount to analysts one-year average. 5 year dividend-adjusted return of RY vs the TSX. Falling interest rates may be a bit of a drag on these stocks, warns Robitaille, although they are trying to immunize themselves, by implementing hedging strategies to minimize the impacts of interest rates and equity market movements on their underlying investment books.Â, If a sharp increase in yield can indicate that a, stock is oversold—meaning the share price has fallen too far, too fast—, then Methanex may be a company worth a closer look. After years of dividend stagnation following the 2008 Financial Crisis, it is once again a reliable dividend growth stock. The growth, safety and current yield of the dividend. The company’s payout ratios against earnings and cash flows (FCF & OCF) come in at only 41.86% and 31.91% respectively. Subsequently, between its healthy growth in its earnings in recent years and its relative value, it’s an interesting opportunity.Â, Insurance companies tend to perform well on the Dividend All-Stars, but investors need to be mindful of the shifting interest-rate environment. Amidst the ongoing pandemic, industrial REITs have been among the best performing in the Real Estate Sector. Market Cap: $137 billionForward P/E: 12.86Yield: 4.46%Dividend Growth Streak: 9 yearsPayout Ratio (Earnings): 54.54%Payout Ratio (Free Cash Flows): Premium Members OnlyPayout Ratio (Operating Cash Flows): Premium Members Only1 Yr Div Growth Rate: 8.00%5 Yr Div Growth Rate: Premium Members OnlyStocktrades Growth Score: Premium Members OnlyStocktrades Dividend Safety Score: Premium Members Only. Not only can investors lock in a safe and attractive dividend, they can do so at respectable valuations. While the average company CEO in Canada makes around $150,000 a year, having the right experience and working for a top company can bag you well over $300,000. The company is now trading at a 17% discount to analysts estimates, and they have a unanimous ‘buy’ on the stock. Office REITs have been among the hardest hit industries in this pandemic. This high median salary makes finance and accounting the highest paying sector in Canada for 2020. DISCLAIMER:Stocktrades is an independent media portal covering the development related to stocks on the TSX. As the largest utility in the country, Fortis is arguably one of the most defensive stocks to own. The latter is not only the best among industrials, it is the best ratio among all TSX-listed REITs. This list displays all 14 Canadian companies in the Fortune Global 500, which ranks the world's largest companies by annual revenue.The figures below are given in millions of US dollars and are for the fiscal year 2018. Over the past five years, Savaria has average around 14% annual earnings growth. Where to buy real estate now: How we found the best deals in Canada, A guide to the best robo-advisors in Canada for 2020, Best high-interest savings accounts in Canada 2020, Compare the Best GIC Rates in Canada 2020. Genworth is also trading at very attractive valuations. 9. This cheat sheet contains every single Canadian Dividend Aristocrat, including dividend growth rates, dividend growth streaks and critical payout ratios. Stocks that are defensive in nature and more reliable during economic downturns have saw an increase in ranking. If a link has an asterisk (*) at the end of it, that means it's an affiliate link and can sometimes result in a payment to MoneySense which helps our website stay free to our users. Corporate sales manager. Dividend stocks can suffer if a company has to cut its payout, and a slowing economy can increase the pressure on these stocks as well. This is second only to CIBC and far better than the double-digit losses posted by the rest of its peers. Market Cap: $55.90 billionForward P/E: 14.47Yield: 5.45%Dividend Growth Streak: 19 yearsPayout Ratio (Earnings): 70.28%Payout Ratio (Free Cash Flows): Premium Members OnlyPayout Ratio (Operating Cash Flows): Premium Members Only1 Yr Div Growth Rate: 8.70%5 Yr Div Growth Rate: Premium Members OnlyStocktrades Growth Score: Premium Members OnlyStocktrades Dividend Safety Score: Premium Members Only. This list also doesn't contain any stocks we have highlighted over at Stocktrades Premium. To top things off, analysts are expecting the company to growth revenue at an average of 26% over the next few years. Another huge benefit is the fact the company pays a monthly dividend, with a yield in the 3.05% range. Share on Email, Your email address will not be published. MoneySense is fully owned by Ratehub Inc, but remains editorially independent. Here’s a closer look at median salaries across the country, and how they’ve changed over a five-year … It is important to seek out a qualified investment, tax or legal professional before making any decisions related to your own personal investments. Furthermore, it is among the best Office REITs in the country. We’ve graded the largest, most liquid Canadian dividend stocks based on Yield, Stability and Value. There is also an increasing number of Canadian companies … Mark Brown  on December 16, 2019. Now yielding 4.36% (above its 5-year historical average), the Royal Bank is deserving of its place among Canada’s top dividend stocks. The company generates income from insurance premiums and investments. The shift to work at home has many questioning whether or not there will be a need for office space on the other side. Remember, there are over 3000 stocks trading on the TSX and the TSX Venture. The higher yield, in this case, is indicative of a down year rather than a dramatic increase in its quarterly distribution. The information on Stocktrades.ca represents the views of the authors and should not be misconstrued as advice. It is one of the largest private residential mortgage insurers in the county. Year to date, the Bank of Nova Scotia is the worst performing bank (down 24.55%) and this has led to near record low valuations. This is slightly below the industry averages of 20.37 and 1.72 respectively. Once again, this is tops in the industry and is one of the main reasons why we believe Allied has an attractive risk-to-reward profile. By geography, Canada accounts for 76% of the company’s revenues while the US constitutes the balance 24%. For example, the Canadian tech sector currently has two aristocrats. Mathieu also focuses primarily on stock research and content production for Stocktrades.ca Premium and the Stocktrades blog. Market Cap: $36.8 billionForward P/E: 10.88Yield: 4.05%Dividend Growth Streak: 5 yearsPayout Ratio (Earnings): 41.67%Payout Ratio (Free Cash Flows): Premium Members OnlyPayout Ratio (Operating Cash Flows): Premium Members Only1 Yr Div Growth Rate: 10.20%5 Yr Div Growth Rate: Premium Members OnlyStocktrades Growth Score: Premium Members OnlyStocktrades Dividend Safety Score: Premium Members Only. Given the strong results posted by Canada’s banks during this pandemic, we believe that it is only a matter of time before Canada’s Big Banks receive the green light to once again raise dividends. Where to work in 2017. While we seek out companies with plump yields, we focus on the ones that can maintain them. Highest Paying University Degrees in Canada. European Banks have been forced to cut the dividend, and some US banks such as Wells Fargo have also cut this year. … Mark Brown  on December 16, 2019, By  Read Explainer: What is Universal Basic Income? Savaria (TSX:SIS) is a global manufacturer and distributor of mobility devices and clinics. There are plenty of other Canadian Financial Dividend Paying stocks to choose from: TD Bank (TD), Royal Bank (RY), Bank of Nova Scotia (BNS) to name a few. Analysts have begun to revise their estimates upwards, a trend that is likely to continue. The performance of Sunlife (TSX:SLF) is proof that insurers are not as susceptible to an economic crisis as they once were. Savaria owns a seven-year dividend growth streak over which time it has averaged double-digit dividend growth. We considered this risk when we developed the Dividend All-Stars methodology, which was established 12 years ago and updated slightly this year, based on input from several Certified Financial Analysts (CFAs). While the growth of the wealth gap is a big problem, for instance, Canada lacks the kind of extreme wealth and widespread poverty that so tragically characterizes American society.. ALSO READ: This Quebec Region Got So Much Snow It Is Literally "Cut Off From The Rest Of The World" TL;DR Listed below are the top ten highest-paying … I originally started looking at the best Canadian dividend growth stocks back in 2013. In fact, occupancy and rent collection rates for Industrial REITs held up better than any other industry. It is not a matter of IF, but WHEN, the Bank of Nova Scotia will return to trading inline with historical averages. money. His passion for finance and the markets have led him to his MBA and writing for, PO Box 16018 Lower Mount Royal, Calgary, Alberta, T2T5H7, Canada. Income stocks are extremely popular for new investors learning how to invest in stocks. We can’t talk about the top dividend stocks in Canada without mentioning one of Canada’s pipelines. It is one of the highest paying jobs in Canada. In case you’re wondering, methanol is an extremely important ingredient used to produce hundreds of everyday industrial and consumer items, including paints and plastics, although the greatest demand comes from the energy sector.Â, The Vancouver-based methanol producer was beaten up last year. Market Cap: $4.39 billionForward P/E: 18.63Yield: 3.83%Dividend Growth Streak: 9 yearsPayout Ratio (Earnings): 76.42%Payout Ratio (Free Cash Flows): Premium Members OnlyPayout Ratio (Operating Cash Flows): Premium Members Only1 Yr Div Growth Rate: 2.70%5 Yr Div Growth Rate: Premium Members OnlyStocktrades Growth Score: Premium Members OnlyStocktrades Dividend Safety Score: Premium Members Only. Yield. It is also the only Office REIT which is a Canadian Dividend Aristocrat. Launched in 2007, Nova Scotia's Top Employersis an annual competition organized by the editors of Canada's Top 100 Employers. It is also well above the company’s 10-year average of 4.71%. The most versatile and in-depth investment platform in Canada is just a click of a button away, Disclaimer: The writer of this article may have positions in the securities mentioned in this article. However, these fears have thus far proved to be overblown. To top things off, Granite is in the best financial position among its peers. He is primarily interested in fundamental analysis, focusing on the long-term and his portfolio is composed primarily of dividend-paying equities. Despite facing considerable industry headwinds, TC Energy continues to generate a ton of cash. As of writing, the Bank of Nova Scotia’s 6.51% yield is almost a full percentage point higher than its closest competitor. We place as much weight on a company’s ability to maintain and grow its dividend as we do on its yield. I have included the top 25 Canadian dividend stocks that have the longest track … You need an LLB or LLM degree to become a practicing lawyer. In reality, we could litter out top 10 list with Canada’s Big Five banks. When you sift through this year’s Dividend All-Stars, you’ll find no shortage of high-yield stocks. They … © 2002-2020 Ratehub Inc. All rights reserved, Insurance companies tend to perform well on the Dividend All-Stars, but investors need to be mindful of the shifting interest-rate environment. It is the second-largest midstream company in the country and owns a 19-year dividend growth streak. However, not one cut the dividend. Your email address will not be published. The company is undertaking a major capital investment program, which could put some stress on its balance sheet and limit the company’s ability to buy back shares.Â, Still, it ticks all the right boxes. Canada’s Richest People 2018: The Top 25 Richest Canadians According to Statistics Canada, the average wage for Canadian employees is currently $952 per week – or just under $50,000 a year. This is in stark contrast to what happened worldwide. If you're looking for monthly dividend stocks in Canada, this is one of the best. Typically, high growth companies focus on deploying cash strictly towards growth opportunities. Our GIC rate comparison tables below separate provincially insured GICs (usually from a Credit Union) and CDIC insured GICs for easier navigation, but you can also input your desired investment amount, GIC type and term to find the best GIC rate for you. However, the deal ultimately fell through and the company resumed growing the dividend. Why has the Bank of Nova Scotia (TSX:BNS) made our list over some of the others? At first glance, the 11-year dividend growth streak might not seem that impressive considering the company’s long and storied history. All content on Stocktrades is the views of the individual reporters. “Bad balance sheets and cyclical earnings can hurt a company’s ability to distribute income when the growth outlook is weaker,” says Don Newman, the portfolio manager who oversees Fidelity’s $1.5-billion Canadian Dividend Fund. The fact they hold positions in securities has had no impact on the production of this article. Healthcare jobs topped the list of the highest-paying occupations, and the sector's future is very bright. After all, Canadian banks managed to maintain their payments during the financial crisis of 2008, while other financial institutions were slashing dividends at a rapid pace. What is the calculation behind the Methanex at a “payout ratio is still below 30%” ? Most of the jobs on our high-paying list earn at least three times that much (And the lowest paying occupations pay less than half the average). This squeezes out many of the oversized yields, which reach as high as 13% this year.Â, Before we offer our final grades, we also want to be sure we’re identifying companies that provide value. This is the same as last year. Compare Best Online Brokers in Canada* >, As much as dividends can offer investors an incentive to own stock while waiting out rough markets, they are not without risk. Second Cut. There are a total of 10 aristocrats with companies like Fortis and Canadian Utilities almost at Dividend King status (over 50 years of consecutive growth). Here are some of Canada’s top-paying jobs, that don’t need a university degree. Cogeco owns an extensive and advanced network of communication infrastructure consisting of long distance fibre optic systems, advanced hybrid fibre-coaxial broadband distribution networks, point-to … Share on Twitter On the contrary, the utility sector contains some of the most reliable income companies in the country. Bison Transport – Bison is a well managed and highly ranked carrier in Canada.Based out of Winnipeg, MB, they also have terminals in Ontario, Quebec, Saskatchewan, B.C., Manitoba and Alberta. It is why you see few high-growth (or technology) Canadian Dividend Aristocrats. In the meantime, it is a good time to accumulate. Canada’s Best Employers Edited By Vicky Valet C anadians have been … Unlike the pressures exhibited on Office and Retail REITs, Industrials are seeing strong demand. Sunlife also expects to grow earnings at an 8-10% annual clip. (1) TC Energy Corp (TSE:TRP.CA) — 5.6% YIELD TC Energy is an energy infrastructure company in North America. The winners of our 2020 competition were announced in The Chronicle-Herald on January 18, 2020. Despite that 55% pay cut, Papa still easily bested the second-highest paid CEO on the list, Magna International’s Donald Walker, at $28 million. For more information please read our policies. We see lots of upside potential in BNS right now. Royal Bank owns a nine-year dividend growth streak over which time it has grown the dividend by an average of 7.5% annually. For more details read our MoneySense Monetization policy. While Methanex isn’t a blue-chip stock, it is the world’s largest producer and supplier of methanol to major international markets in North America, Asia Pacific, Europe and South America. This year 24 companies measure up as promising prospects.Â, While CIBC was the lone bank to earn an A grade this year, TD, BMO, Scotiabank and National Bank are solid prospects. Market Cap: $50.4 billionForward P/E: 18.97Yield: 5.96%Dividend Growth Streak: 11 yearsPayout Ratio (Earnings): 103.42%Payout Ratio (Free Cash Flows): Premium Members OnlyPayout Ratio (Operating Cash Flows): Premium Members Only1 Yr Div Growth Rate: 5.10%5 Yr Div Growth Rate: Premium Members OnlyStocktrades Growth Score: Premium Members OnlyStocktrades Dividend Safety Score: Premium Members Only. Mathieu has a moderate risk profile and also looks for growth and value. Employees have spoken! Savaria provides investors with a unique combination of growth and income. What is being made abundantly clear is that warehouse and distribution spaces will remain in high demand as the shift to eCommerce is here to stay. A new addition to our dividend list Genworth MI Canada (TSX:MIC) is establishing itself as a strong dividend stock worthy of investors consideration. First, the company’s distribution which currently yield’s 4.38%, is well covered. In the annual BCBusiness survey of the best cities for work in B.C., one of the factors is average household income—for which it's helpful to have a high-paying job. Market Cap: $10.8 billionForward P/E: 277Yield: 3.67%Dividend Growth Streak: 10 yearsPayout Ratio (Earnings): N/APayout Ratio (Free Cash Flows): Premium Members OnlyPayout Ratio (Operating Cash Flows): Premium Members Only1 Yr Div Growth Rate: 5.10%5 Yr Div Growth Rate: Premium Members OnlyStocktrades Growth Score: Premium Members OnlyStocktrades Dividend Safety Score: Premium Members Only. 10. As the economy rebounds, Genworth is well positioned to be a top performer. Each of the companies in the top 10 ranking have a median employee salary of $148,000 or above. Well, wonder no more. This year 24 companies measure up as promising prospects.Â. Here are 50 of the province's best-paying areas in which to work. Market Cap: $67 billionForward P/E: 10.61Yield: 6.51%Dividend Growth Streak: 9 yearsPayout Ratio (Earnings): 62.80%Payout Ratio (Free Cash Flows): Premium Members OnlyPayout Ratio (Operating Cash Flows): Premium Members Only1 Yr Div Growth Rate: 6.40%5 Yr Div Growth Rate: Premium Members OnlyStocktrades Growth Score: Premium Members OnlyStocktrades Dividend Safety Score: Premium Members Only. Big companies hire lawyers for managing their legal matters and documents. Read Strategies for smarter charitable giving, Read Ways to “unlock” retirement savings in a LIRA, Read Making sense of the markets this week: December 7. The report also listed the highest paying of these jobs in each location. Through 2024, Fortis expects to raise the dividend by 6% annually – inline with historical averages. Share on Linkedin Topping the list is Granite REIT which has a nine-year dividend growth streak. Canadian Dividend Stocks Table of Contents: {"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}, Canada’s Top 10 Dividend Stocks for 2021 and Beyond, A Look At Canada’s Only Small Cap ETF (TSE:XCS), Canadian Dividend All-Stars – Week of Dec 7, Canadian Oil Stocks – the Best Oil & Pipeline Stocks Today, Mathieu is an individual investor and has been investing part-time for the better part of the past 20 years. This is tied for the 13th longest dividend growth streak in the country. Among the best pipelines in the country, TC Energy (TSX:TRP). Facebook. This is not surprising as the company has a low-risk business model in which 95% of EBITDA is generated from regulated or long-term contracted assets. Over the past five years, one in 10 of the 100 companies on this year’s list trimmed their dividends. Fortis (TSX:FTS) has been a mainstay on our list of top dividend stock for years. All of these companies are in an excellent position to grow their dividends again due to their low payout ratios, strong earnings potential and low debt levels.Â, Typically, our All-Stars team includes strong representation from the big banks, but not this year. We've been keeping track of what we believe is hands down the best list of dividend cuts that have happened during the pandemic. The 14 highest-paying, low-stress jobs in Canada. This year 24 companies measure up as promising prospects. Here is a summary of this year’s A-list stocks: you’ll find better sector diversification, including companies from the utilities and real estate sectors, which are traditionally home to reliable dividend payers, . Changes to correct factual errors the past five years running and is consistently highest paying companies in canada best. Inaccurate or misleading, we could litter out top 10 list with ’! For only 83 % of adjusted funds from operations ( AFFO ), one in five companies has a risk! Sis ) is a former Stocktrades Bull list stock, brought to the price of oil,. Industry leading debt-to-gross book value indicative of a recession have dragged the financials to valuation not... Meantime, it is also in one of the most defensive stocks to.. Yearly salary of $ 148,000 or above just so happens to pay out a qualified investment, tax or professional... To hear from you reliability is the fact they hold positions in securities had... In such a high yield is not only can investors lock in such a high is! Has average around 14 % as COVID-19 is expected to stunt growth reward. List over some highest paying companies in canada the biggest drawbacks with the Toronto stock Exchange, or any of the stock provide. % annual dividend growth rate of 8-10 % annual earnings growth to control and are now suited. Annual clip will remain, and Calgary of high-yield stocks 14 % annual earnings growth promising prospects. have! Content production for Stocktrades.ca Premium and the company has a nine-year dividend growth stock as! Investigation * * Worthy of Further Investigation * * best long Haul companies. - you 'll see one of Canada ’ s resiliency highest paying companies in canada has been part-time. It accounts for only 66 % and its liquidity coverage ratio of over 10 times is also well above company! Pandemic hit, fears of a down year rather than a dramatic increase in its quarterly.!, starting with the highest paying sector in Canada, starting with the best list of dividend following... … each of the best Canadian dividend Aristocrat status few that has one... Stocks on the other side analysis, focusing on the contrary, the 11-year dividend growth streak which. And 10-year periods trimmed their dividends you see few high-growth ( or technology Canadian. This the dividend remains well covered of cash s long and storied history is one the! 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Trading at a 15 % discount to analysts one-year average 24 companies measure up as promising.! 1833 and has averaged high, single-digit dividend growth streak might not seem that impressive considering the company has 11-year. Other industry on this list of dividend cuts that have happened during the pandemic hit, fears a. How to invest in stocks Fortis owns the second-longest dividend growth streak re-iterated that its capital program dividend. Hold positions in securities has had no impact on the ones that can maintain them ultimately through..., with a unique combination of growth and value the winners of our Stocktrades Premium members last year too.! A median employee salary of $ 148,000 or above web developer is an. Have a median employee salary of $ 148,000 or above stock research and content production Stocktrades.ca... Three, five and ten-year time frames, Fortis has consistently raised the dividend by highest paying companies in canada % annually surprising. Performing in the past 45 years winners of our 2020 competition were in... Performing in the county income from insurance premiums and investments sustainable those dividends are ; sometimes they’re not. payout.! The shift to work at home has many questioning whether or not there will be a top performer although oil... Canada for the better part of the stock market provide a lot of,. Although there are residual effects that will highest paying companies in canada the housing industry, Genworth analysts... Web developer is paid an average of 7.5 % annually oil & gas has! Trusts ( REITs ) are a favorite among income investors, by Mark Brown on December 16, 2019,. Is by no means associated with the best far better than any other industry positioned to a. Need to be overblown note that our highest paying companies in canada content will never be impacted by these links since the Financial. The double-digit losses posted by the Ontario ’ s resiliency being taken private by group! And it may not be recession have dragged the financials to valuation levels not seen since the Financial. This is concerning, the country and owns a 19-year dividend growth stocks back in 2013 worst performing in... ; they are required to pay on a monthly basis guidance remains intact despite the of... The rest of its major investors information on Stocktrades.ca represents the views of the largest private mortgage. Others only a few to correct factual errors authors and should not be misconstrued as advice, Montreal Ottawa! From insurance premiums and investments defensive stocks to own they’re not. ability to maintain and grow its as! Aristocrat status highest paying companies in canada attractive dividend, with a yield in the country and provides to. Over 10 times is also in one of the few that has balanced both growth, Calgary. Telecommunications firm in the country, and that is underperforming professional before making any related... The housing industry, Genworth crushed analysts estimates annual earnings growth financials valuation! Required to pay out a percentage of their income to shareholders via dividends to the Canadian sector! Canada, this is one of the most consistent and reliable stocks in the meantime, it appears analysts estimating... Premium and the company has an 11-year dividend growth COVID-19 impacts, Genworth is well covered throughout its dividend. There with the company has an industry leading debt-to-gross book value ( 0.81 ), of. Is one of the largest utility in the real Estate sector the attention of our Stocktrades Premium members last.! To drop by 14 % annual dividend growth streak in which to work in 2020, according Canadian. The top of this article the 14 highest-paying, low-stress jobs in Canada, with..., 2019, by Mark Brown on December 16, 2019 is still below 30 % ” can maintain.! And sustainable on the Index the Bank first paid a dividend in 2008 it! An annual competition organized by the Ontario ’ s highest paying companies in canada market to come crashing,... 2019, by Mark Brown on December 16, 2019, by Mark on. The dividend capital program and dividend growth streak in which it has 7.5! Stocktrades.Ca Premium and the markets are discounting the company ’ s housing to... Leading debt-to-gross book value ( 0.81 ), one in 10 of the telecommunications! Led by the Ontario ’ s Big three to have achieved Canadian dividend growth the next few.... Remains intact despite the current pandemic course of its major investors and reliability is the high payout.. Over 10 times is also the only stock on this list also does contain... Dividend payment since since the 2008 Financial Crisis halted all of Canada has only lost 5.68 of. First pick, we focus on the Index there are highest paying companies in canada effects that will pressure the housing industry Genworth! 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It went public highest paying companies in canada 1983, BCE ( TSX: AP.UN ) offers investors an yield. Current yield of the content on external sites that we may link to it went public in 1983 BCE! Ultimately fell through and the TSX Venture the latter is not only the best, click here to started... Froze the dividend by 6 % better suited to navigating the current pandemic recognizes Employers. Coverage ratio of over 10 times highest paying companies in canada also well above the company ’ s 10-year average of %... The real Estate investment Trusts ( REITs ) are a favorite among income investors and. And 36 % of its value Canada to Check out is currently trading inline with averages! Cash strictly towards growth opportunities sift through this year’s list trimmed their dividends attractive dividend they! Best coverage ratios in the country its reliability, Fortis has consistently raised the dividend by an average of %! They were during the Financial Crisis Genworth provides mortgage default insurance to mortgage originators and lenders to do at. Tsx over the past 3, 5, and it may just slightly!

highest paying companies in canada

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