From mining, we move online Score Media and Gaming is a digital sports betting and media company, with several apps available for PCs and mobile devices. © 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. Fortis stock. The stock sells for just C$0.75 per share, but the average price target of … What Should Investors Do If Biden Wins The Election? Topping the list is Granite REIT which has a nine-year dividend growth streak. 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, Our top 10 Canadian dividend stocks to be looking at heading into 2021, Dividend Suspended. While still a relatively small online gaming and betting company, SCR is rapidly expanding its footprint. 3 Canadian Penny Stocks With Massive Upside Potential. Year to date, Royal Bank of Canada has only lost 5.68% of its value. The stock sells for just C$0.75 per share, but the average price target of C$1.12 implies room for 47% upside growth. Sometimes, however, a stock that sells for pennies may have a higher potential. This number includes users on both the iOS and Android apps, and represents 75 app sessions per user each month. Mathieu has a moderate risk profile and also looks for growth and value. With a very healthy dividend yield of 5.91%, Enbridge is very keen on returning value to its shareholders. As the largest utility in the country, Fortis is arguably one of the most defensive stocks to own. Market Cap: $1.7 billionForward P/E: N/AYield: 4.38%Dividend Growth Streak: 8 yearsPayout Ratio (Earnings): 72.50%Payout Ratio (Free Cash Flows): Premium Members OnlyPayout Ratio (Operating Cash Flows): Premium Members Only1 Yr Div Growth Rate: 2.30%5 Yr Div Growth Rate: Premium Members OnlyStocktrades Growth Score: Premium Members OnlyStocktrades Dividend Safety Score: Premium Members Only. And as Robitaille points out, the utility and REIT sectors, which have a strong history of being income-generating stocks, are not as cheap as they were at the start of the year. DISCLAIMER:Stocktrades is an independent media portal covering the development related to stocks on the TSX. 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. We’ve graded the largest, most liquid Canadian dividend stocks based on Yield, Stability and Value. To balance out the higher-growth tech companies, I’m adding one of Canada’s largest companies, Toronto-Dominion Bank (TSX:TD)(NYSE:TD), to my list. The $32 billion company has been a 30-bagger over the past decade, easily outpacing both the Canadian and American stock markets. Looking for the best Canadian dividend stocks to buy and hold for your portfolio in 2020? By  If a sharp increase in yield can indicate that a, stock is oversold—meaning the share price has fallen too far, too fast—. On the contrary, the utility sector contains some of the most reliable income companies in the country. He is primarily interested in fundamental analysis, focusing on the long-term and his portfolio is composed primarily of dividend-paying equities. ETFs are a great buy and hold investment for long-term investors. (To watch Vaillancourt’s track record, click here), With three recent ‘Buy’ analyst reviews, NCU shares have a unanimous Strong Buy from the analyst consensus. Financials and insurers in particular have been among the worst performing industries in 2020. Even if there are residual effects that will pressure the housing industry, Genworth is in an ideal situation to weather the storm. They are among the most reliable income stocks in the world. Need a Brokerage Account? The Royal Bank of Canada (TSX:RY) is the largest bank in Canada and is among the largest companies in the country. 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. Throughout its five-year dividend streak, it has averaged high, single-digit dividend growth. Hint - You'll see one of them near the top of this dividend stock list. Yes! Today, the best positioned to do so is Royal Bank. Best Canadian dividend stocks: BMO stock. Capstone has a Moderate Buy rating from the analyst consensus, based on 4 Buys and 2 Holds. 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. Fool contributor Victoria Hetherington has no position in any of the stocks mentioned. Canada’s Best Monthly Dividend Stocks and REITs. 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. You won't find a better resource on the internet! I chose these stocks because they span multiple industries in Canada, and are known for their track record and reliability. In reality, we could litter out top 10 list with Canada’s Big Five banks. BlackBerry (TSE:BB) BlackBerry (TSE:BB) This is not the BlackBerry most consumers remember. Although the Feds have asked Canada’s banks not to raise the dividend during the pandemic, there is no current risk of a dividend cut at the Bank of Nova Scotia. Absolute Software has seen its share price grow by more than 300% over the past 10 years — not to mention a gain of more than 100% in the past 12 months alone. Over the past five years, Savaria has average around 14% annual earnings growth. “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. There’s a reason why 10.5 million shares of Suncor stock has been purchased by Warren Buffett earlier this year. A Canadian CFA Charterholder with 11 years of finance experience and the creator of Wealthawesome.com. Your email address will not be published.