Canada’s Best Dividend Stocks 2020 By Mark Brown on December 16, 2019 We’ve graded the largest, most liquid Canadian dividend stocks based on Yield, Stability and Value. Pre-qualified offers are not binding. I am not a financial professional, and I can buy, sell, or hold any investment at anytime. Join 90,000+ Monthly Investors & Build a Winning PortfolioDISCLOSURE: Please note that I may have a position in one or many of the holdings listed. 5 Best Money Market ETFs in Canada: Are They Worth It? I am not a financial adviser, I am not qualified to give financial advice. When evaluating offers, please review the financial institution’s Terms and Conditions. Emera reports its results in six operating segments: Emera Florida and New Mexico, Nova Scotia Power Inc., Emera Maine, Emera Caribbean, Emera Energy, and corporate & other.The company invests in electricity generation, transmission and distribution, gas transmission and distribution, and utility energy services. My approach is simple but you need key data that I have cultivated with the Dividend Snapshot Screeners. Get your list of STRONG Dividend Growth Stocks#1 – TC EnergyTC Energy is a leading North American infrastructure company. The number one reason for my liking of utility stocks is that they provide safe and growing income. It’s tough to see a scenario where dividends would plummet for Bell. Alimentation Couche-Tard is one of the largest Canadian companies and the owner of several Canadian convenience stores. Canadian Utilities has core investments in electricity, pipelines & liquids and retail energy business units, as well as its international operations in Australia and Latin America.Its segments are Electricity (70% of 2018 earnings), Pipelines & Liquids (40%) and Corporate & other (-10%). Is the company capable of growing the dividend consistently?Dividend Payout Ratio: Uses historical averages to put today's ratio in perspective. I chose these stocks because they span multiple industries in Canada, and are known for their track record and reliability. The company provides financial advice, insurance, as well as wealth and asset management solutions for individuals, groups, and institutions. ... 17 Monthly Dividends To Buy And Hold Forever. Here are the best Canadian dividend stocks to invest in, the best dividend stocks in Canada, in my humble opinion. The company operates through Couche-Tard and Mac’s brands in Canada and Circle K globally. Investment DataOpportunity Score: 69Ticker: TSE:cuSector: UtilitiesIndustry: Utilities - DiversifiedMarket Cap: 8.57BP/E: 20.97Dividend Yield: 5.57%Payout Ratio (Earnings): 116.89%Canadian Dividend Aristocrat: YESChowder Score: Members OnlyRevenue Growth: Members OnlyDividend Growth: Members OnlyDividend Growth Fit: 6/10Dividend Income Fit: 8/10#7 – Atco LtdATCO is a diversified company providing services and business solutions globally. Clients look to Manulife for reliable and intelligent financial solutions. Investment DataOpportunity Score: 72Ticker: TSE:trpSector: EnergyIndustry: Oil & Gas MidstreamMarket Cap: 39.93BP/E: 11.42Dividend Yield: 6.00%Payout Ratio (Earnings): 68.64%Canadian Dividend Aristocrat: YESChowder Score: Members OnlyRevenue Growth: Members OnlyDividend Growth: Members OnlyDividend Growth Fit: 6/10Dividend Income Fit: 9/10#2 – EmeraEmera Inc. is a leading North American diversified energy and services company with assets worth $30 billion. The company has a strong portfolio of diversified assets, storage facilities and power generation plants and operates one of North America’s largest natural gas pipelines networks extending to more than 57,500 miles. Dividend stocks are some of the best investment options in Canada. Its two business segments, food operations and pharmaceutical operations are combined into one reportable operating segment. More than 80% of its assets are fixed income, of which 98% is investment grade.Manulife offers unique product offerings for different markets it serves. This post may contain an affiliate relationship with companies that Wealth Awesome believes in personally. Algonquin Power operates through two subsidiaries: Liberty Utilities (64% of 2018 earnings) and Liberty Power (36%).The company has more than 50 power generation facilities and 20 utilities across North America. ATCO has manufacturing facilities in Canada, the US, Chile, and Australia. The Best Credit Cards Of 2021. This one is clearly among the top picks for a best Canadian dividend stock. Investment DataOpportunity Score: 67Ticker: TSE:mfcSector: Financial ServicesIndustry: Insurance - LifeMarket Cap: 36.62BP/E: 9.06Dividend Yield: 4.67%Payout Ratio (Earnings): 42.26%Canadian Dividend Aristocrat: YESChowder Score: Members OnlyRevenue Growth: Members OnlyDividend Growth: Members OnlyDividend Growth Fit: 5/10Dividend Income Fit: 7/10#9 – MetroMetro is a leading food and pharmaceutical company having operations in Quebec and Ontario. I have been using Questrade for all my stock and ETF trading for the past eight years. With 85 investment properties spanning the globe and increased dividends since 2012, Granite REIT is one of my picks for best Canadian dividend stock. Brookfield Infrastructure focuses on the ownership of stable cash flow generating assets operating under regulated frameworks. Tags TSE:AQN, TSE:ATD.B, TSE:BIP.UN, TSE:BNS, TSE:CCA, TSE:CGO, TSE:EMA, TSE:FTS, TSE:MFC, TSE:TRP. Build Your OWN Top ListMy portfolio is generating over 12% annual returns since 2009. A share’s price does not reflect its affordability. Hello, just wanted to mention, I loved this blog post. Review the Chowder Rule along with the 3, 5, and 10 year ratios for dividend growth, EPS growth and the payout ratio to pick a solid investment for your portfolio. Algonquin’s utility business serves nearly 770,000 customers in twelve states across the U.S., through 1,200 miles of electrical transmission lines and 100 miles of natural gas transmission pipelines. The company serves more than two million customers in over 100 countries around the world. 6 Stocks to Buy and Hold (And 6 Picks to Avoid) ... even in the best of times. Dividend Earner will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. 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