Best Canadian Dividend Stocks To Buy For 2022


Between February and March 2020, the S&P/TSX Composite Index fell by 37 percent. However, as the economy reopens, the financial market has regained its footing. The Canadian stock market enjoyed its longest winning streak since 2009. For the 14th time in a row, the index surpassed the US benchmark. Over the last decade, the S&P/TSX Composite returned an annual average of 5.99 percent, lagging behind the 17.1 percent annual average return of the S&PA 500. Observers have noted that the gap is narrowing as more investors are paying attention to Canadian stocks.

Here is Insider Monkey’s list of the best Canadian dividend stocks to buy for 2022. One of the best Canadian dividend stocks is the Toronto-Dominion Bank. A CAGR of 11% has been achieved in dividend growth since 1995. The stock has gained 30.9 percent since the beginning of the year. If you’re looking for a Canadian bank, look no further than Royal Bank of Canada. It has paid dividends for 32 years, increasing its yield by an average of 5.62 percent per year in the past decade. Over 8.6 million shares were held by GQG Partners, the company’s largest shareholder. As of December 14, the stock had gained 31.2 percent since the beginning of 2021, while the 12-month return was 27.7 percent. Canadian Imperial Bank of Commerce earned C$5.06 billion in revenue in the fourth quarter of fiscal year 2014. It is a global banking and financial services company known as the Bank of Nova Scotia. Each share of stock pays out an annual dividend of $2.83 with a yield of 4.6%. Analysts believe that the attractive yield is largely due to a higher payout ratio of 46.83 percent. TELUS Corporation raised its dividend by 3.5% to C$0.3274 per share on November 5th. For the past year, the company has raised its dividend, a trend that is likely to continue in the future. For more details, click the Best Canadian Dividend Stocks To Buy For 2022.