Between 1900 and 2000, dividends accounted for more than half (5.5%) of the S&P 500 Index’s total return of 10.4 percent. Investors are increasingly flocking to well-known dividend stocks like Medtronic Plc. For example, Canadian bank stocks are regarded as one of the top dividend investment possibilities. Dividend stocks that were able to expand their dividends outperformed those that were unable to do so. Dividend equities in Canada also excelled by 2.4 percent.
Insider Monkey looks at the 10 best Canadian dividend stocks to buy now. Bank of Montreal is ranked 10th. Among other things, the organization offers checking and savings accounts, credit cards, mortgages, and financial and investment counseling services. Its headquarters are in Montreal, and it mostly operates in North America. Royal Bank of Canada is ranked 9th. The company’s revenue was $9.63 billion, increasing 28.22% year over year but $301.19 million short of expectations. Fortis Inc. is an electric and gas utility corporation with operations in the United States, Canada, and the Caribbean. On the list of the best Canadian dividend stocks to purchase right now, it ranks eighth. Robert Hope of Scotiabank maintains an Outperform rating on Fortis shares. AltaGas Ltd is ranked seventh. David Quezada of Raymond James boosted his price objective on the company’s shares from $19.48 to $25.45 in July. Algonquin Power & Utilities Corp. comes in sixth. The company operates a variety of clean energy facilities and generates electrical energy for sale through its non-regulated renewable energy producing facilities. For more details, click 10 Best Canadian Dividend Stocks to Buy Now.