Best Dividend Stocks In Canada 2020, Investors pursuing a long-term financial goal tend to favour dividend-paying stock because it can be an important potential step toward finally living off of a regular stream of income.
Kevin O’Leary, chairman, O’Leary Financial Group, says that when it comes to investing in stocks, always look for the ones that pay a dividend. “I don’t pick stocks; I like a large portfolio of stocks, all of them paying dividends,” says O’Leary.
Here Are The Best Dividend Stocks In Canada 2020
10.Canadian Natural Resources Limited (CNQ.TO)
- Dividend yield: 3.58%
- Market cap: $50 billion
- Industry: Energy
Canadian Natural Resources is a gas and oil exploration and production company. They find, develop, produce, and market crude oil, natural gas, and natural gas liquids.
They offer synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil. They have a vast portfolio of assets spread across North America, the UK North Sea, and Offshore Africa.
9.Power Corporation of Canada (POW.TO)
- Dividend yield: 4.84%
- Market cap: $13 billion
- Industry: Insurance
Power Corporation of Canada is a diversified international management and holding company with its feet in financial services, asset management, sustainable energy, and other sectors. Like the different insurance companies on this list, Power Corporation offers life, disability, illness insurance, reinsurance products, retirement products, annuities, securities, mortgage products, wealth management services, and other financial products.
Additionally, Power Corporation generates renewable energy through solar and wind facilities, manufactures LED lighting solutions and zero-emission vehicles, and operates equity investment funds. It also holds interests in a variety of other businesses.
8.Great-West Lifeco Inc. (GWO.TO)
- Dividend yield: 4.95%
- Market cap: $31 billion
- Industry: Insurance
Great-West Lifeco is a financial services holding company that engages in life and health insurance, asset management, investment and retirement savings, and reinsurance businesses across Canada, the United States, and Europe.
They have an extensive portfolio of products for businesses, individuals, families, and organizations under various brand names, such as Great-West Life, London Life, Canada Life, Freedom 55 Financial, Irish Life, the Great-West Financial, Empower Retirement, Putnam Investments, and PanAgora.
7.Power Financial Corporation (PWF.TO)
- Dividend yield: 5.14%
- Market cap: $23 billion
- Industry: Insurance
Power Financial Corporation offers financial services through Canada, the United States, Europe, and Asia. It sells a comprehensive line of products, including life, disability, critical illness, health insurance products, retirement accounts, wealth savings and income products,
employer-sponsored defined contribution plans, reinsurance products, wealth management services, etc. more. It sells its products through a distribution network of third-party financial advisors, consultants, and independent financial advisors.
6.BCE Inc. (BCE.TO)
- Dividend yield: 5.23%
- Market cap: $55 billion
- Industry: Communication services
BCE Inc. is a vertically integrated telecommunications and media company that provides wireless and wired Internet and TV services to residential, business, and wholesale customers in Canada. It operates in three segments: Bell Mobility, Bell Media, ell Wireline.
5.Capital Power Corporation (CPX.TO)
- Dividend yield: 5.5%
- Market cap: $3.7 billion
- Industry: Utilities
Capital Power Corporation develops, acquires, owns, and operates power generation facilities throughout the United States and Canada.
The electricity they sell comes from various sources, such as landfill gas, natural gas, waste heal, coal, wind, solar, and solid fuels. It owns an impressive 5,100 megawatts of power generation capacity.
4. Keyera Corp. (KEY.TO)
- Dividend yield: 5.58%
- Market cap: $7.4 billion
- Industry: Energy
Keyera Corp. transports, stores, and markets natural gas liquids and iso-octane in Canada and the United States. It operates a network of 4,000+ kilometres of pipelines and 17 natural gas processing plants located on the western side of the Western Canada Sedimentary Basin.
Provides natural gas gathering and processing services, markets natural gas liquids (such as propane, butane, condensate, sulphur, and iso-octane), and offers processing services through its underground network caverns, fractionation facilities, rail and truck terminals, and pipelines.
3.Canadian Imperial Bank of Commerce (CM.TO)
- Dividend yield: 5.76%
- Market cap: $48 billion
- Industry: Banking
The 150-year-old Canadian Imperial Bank of Commerce is a diversified financial institution that offers many financial products to the personal and business sectors, including chequing, savings, and business accounts,
Loans and lines of credit for homeowners, entrepreneurs, and students, as well as credit cards and investment services. They serve clients worldwide through four business units: Canadian Personal and Small Business Banking, Canadian Commercial Banking and Wealth Management, U.S. Commercial Banking and Wealth Management and Capital Markets.
2.TransAlta Renewables Inc. (RNW.TO)
- Dividend yield: 5.99%
- Market cap: $4.1 billion
- Industry: Renewable energy
TransAlta Renewables is a renewable energy company and subsidiary of TransAlta Corporation. It develops, owns, and operates renewable power generation facilities and assets, including 21 wind farms, 13 hydroelectric plants, seven natural gas plants, a solar facility, and a natural gas pipeline in British Columbia, Alberta, Ontario, Québec, New Brunswick, and a few U.S. states.
1.Enbridge Inc. (ENB.TO)
- Dividend yield: 6.25%
- Market cap: $105 billion
- Industry: Energy
Energy is a relatively stable industry, so it’s useful to have a few energy companies in your portfolio. Enbridge Inc. is the largest energy infrastructure company in North America,
Serving 3.7 million customers in Canada and the United States. It operates through five segments: Liquids Pipelines uses oil, gas, Gas Transmission and Midstream, Gas Distribution, Green Power and Transmission, Energy Services.
Source😐 Yahoo Finance
