The stock also has a five year growth rate of more than 12% annually.The latter, Liberty Utilities, has operations in Arizona, Arkansas, California, Georgia, Iowa, Illinois, Kansas, Massachusetts, Missouri, New Hampshire, Oklahoma, and Texas – making this stock a solid company to own with built-in diversification beyond our borders.At this point in time, it has over 10 utility operations under its belt in Canada, the U.S. and the Caribbean.
This mid year update also has one important factor tied in to our rankings, and that is the COVID-19 crisis.Utility companies will continue to move up our list of the top income stocks as the pandemic and inevitable after effects continue, as their reliable income streams and dividends tend to support stock prices.EQ Bank is a Canadian Dividend Aristocrat with an nine year growth streak. Top 10 Canadian Dividend Stocks. Renowned Canadian investor Iain Butler just named 10 stocks for Canadians to buy TODAY. In my experience, the main criteria to look for when betting on great dividend stocks include a … Additionally, TD Bank covers insurance and wealth management. The list below is a round-up of your best options for 2020.
Although interest rates are low to encourage higher spending, consumers are very concerned with economical outlook.This article also has contributions from some excellent bloggers. It’s tough to see a scenario where dividends would plummet for Bell. With a very healthy dividend yield of 5.91%, Enbridge is very keen on returning value to its shareholders.With most of its revenue coming from regulated rates, Fortis has a benefit of being a very low-risk stock, clocking in at an extremely low 0.14 beta. He’s bullish on energy, and Suncor is definitely the company you want to bet on if you feel energy will climb.Want to earn money while you sleep? Good candidates land a B while solid firms get a C. Stocks that lack these qualities take home a D or even an F. Remember, our grades are based purely on the numbers. Growth is expected to continue.The company sports a tidy 4.64% yield. In an industry plagued with misinformation, our main priority is to maintain complete objectivity and bring investors around the world accurate, timely and high quality investment news and information.<h2id=”t”>7. Canadian pensioners and other TFSA retirement investors want to get the best yield possible on their savings without adding too much risk. However, Stocktrades is by no means associated with the Toronto Stock Exchange, or any of the companies we cover. The company has raised dividends for 9 straight years, and has a 5 year dividend growth rate of 10%.Some sectors of the stock market provide a lot of options, while others only a few. Telus trades at under 16 times earnings and has a 5 year PEG ratio of 3.18.Although its annual dividend yield (2.60% as of writing) is nothing to get excited about, it would be much higher if the company paid out more of its earnings. Canada has some of the best dividend stocks in the world.
This is only 32 of them.Due to a poor fiscal 2019 and COVID-19 related uncertainty the stock is trading at approximately 11 times forward earnings, and has a 5 year PEG ratio of 1.45. In terms of Royal Bank’s dividend, the company currently pays a dividend yield of 4.07%.
The company focuses on both personal and commercial businesses, U.S. credit cards and auto financing south of the border as well as institutional investments with its subsidiary TD Ameritrade.Optimally, you want to look for dividend stocks with long growth streaks and double digit growth.Stocks that are defensive in nature and more reliable during economic downturns have saw an increase in ranking. The best part? Additionally, Enbridge generates renewable and alternative energy with 2,000 megawatts of capacity.The company has been paying dividends for the past 65 years and has 24 consecutive years (2020) of consistent growth. Not bad for a stock that investors are required to pay a hefty premium for because of its income prospects.Of note, BCE significantly outperformed its main competitor Telus over the course of 2019, and as such has moved ahead of Telus on this list of the top income stocks.TD shows no signs of slowing down, as the company has raised dividends for 9 straight years.
We round out the tables with columns showing one- and five-year total returns, which indicate where a stock has been. Stocks with generous yields get better grades.