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Canadian dividend stocks can be a great way to invest your money, because you’ll get a dividend payout in addition to any potential gains. Read on to find out about the top dividend stocks to buy in Canada.
There’s no single winning strategy to finding what experts might call the best Canadian dividend stocks by performance, because the most important considerations are your own goals and circumstances. But that shouldn’t discourage you from doing your homework and investing.
Whether you care more about reaping short-term capital gains from dividend stocks or reinvesting your gains for long-term growth, it’s important to know whether a stock is performing well, making a profit, consistently paying dividends or going backwards. Always remember that past performance does not guarantee future results. Investments can increase or decrease in value.
We used Finder’s proprietary algorithm to rate the best Canadian dividend stocks. Our fundamental analysis filters stocks by dividend yield. We also consider historical prices, revenue growth, (low) price volatility and profit margins. This might indicate a quality stock, but we do not guarantee the performance or returns of any investment.
To avoid smaller, more speculative stocks, we only include companies with a market cap of more than CAD $200 million. In order to better compare historical data, we filtered out stocks that have been listed for less than 5 years.
This methodology no doubt filters out some good stocks, so our decision to include or exclude a stock from our list does not indicate whether it’s a good or bad investment. For more information about our algorithm, check out our stock ranking page.
The algorithm was last updated 27 January 2021. This list and data was compiled August 16, 2021.
Taiga Building Products Ltd., a subsidiary of Avarga Limited, is a wholesale distributor of building products in Canada and the United States. It offers composite decking products, railings, and accessories; engineered wood products; laminate and vinyl floorings; insulation products; dimension lumber products; moldings; panels; polyethylene sheeting products and preserved wood products including fencing.
Paramount Resources Ltd. is an independent energy company that finds, develops, produces and markets natural gas, crude oil and natural gas liquids in Canada. The company’s principal properties are the Montney and Duvernay developments in Alberta and British Columbia. It also invests in public and private corporations.
Dividend 15 Split Corp. is a close-ended equity mutual fund launched in 2004 by Quadravest Inc. and managed by Quadravest Capital Management. It invests in Canadian public equity markets, spreading its investments across diversified sectors. It benchmarks the performance of its portfolio against the S&P TSX 60 Index.
BRP Inc. (formerly known as J.A. Bombardier (J.A.B.) Inc.) designs, develops, manufactures, distributes and markets powersports vehicles and marine products worldwide. The company offers all-terrain, side-by-side, and three-wheeled vehicles; seasonal products such as snowmobiles and personal watercraft; and engines for jet boats, outboards, karts, motorcycles, and recreational aircraft. It also produces parts, accessories and apparel.
Sierra Metals Inc. (formerly known as Dia Bras Exploration Inc.) produces, explores and develops precious and base metals in Peru and Mexico. It primarily deals with silver, copper, lead, zinc and gold deposits.
Financial 15 Split Corp. is an close ended equity mutual fund launched by Quadravest Inc. It is managed by Quadravest Capital Management Inc. It invests in the public equity markets of the United States and Canada. The fund primarily invests in stocks of companies operating in the financials sector. Financial 15 Split Corp. was formed on Nov 14, 2003 and is domiciled in the Canada.
Diversified Royalty Corp. (formerly known as BENEV Capital Inc.) acquires royalties from multi-location businesses and franchisors in North America. It owns the trademarks associated with Mr. Lube, AIR MILES, Sutton, Mr. Mikes, Nurse Next Door and Oxford Learning Centres.
Based in Colarado (USA), Maxar Technologies Inc. provides earth intelligence and space infrastructure solutions in the United States, Asia, South America, Europe, the Middle East, Australia, Canada and other countries. It operates through Earth Intelligence and Space Infrastructure segments. It offers imagery products and geospatial intelligence services for government agencies and commercial customers in various markets.
Fiera Capital Corporation (formerly known as Fiera Sceptre Inc.) is an employee-owned investment manager that provides services to institutional investors, mutual funds, charitable organizations and private clients. It invests in public equity and fixed income markets across the globe with a particular focus on Canada. Fiera Capital aims to make investments that are socially, environmentally and governmentally responsible, even applying exclusions to be fossil fuel free.
MCAN Mortgage Corporation (formerly known as MCAP Inc.) is a mortgage investment corporation that offers single-family residential mortgages; residential construction, non-residential construction, and commercial loans and real estate and securitization investments. It also provides term deposits through a network of independent financial agents.
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