High-quality dividend stocks have a lengthy history of paying their shareholders dividends on a regular basis. Top dividend stocks raise their dividend payments over time, enabling shareholders to create a steady flow of cash. Shares of publicly traded corporations that routinely distribute a portion of their earnings to shareholders are known as dividend stocks. Direct investments in dividend equities are also an option, as are mutual funds and exchange traded funds. Access to investments in high-yield dividend companies is made possible through a number of ETFs. The Vanguard FTSE Canada High Dividend Yield Index is an effective ETF for monitoring Canadian stocks that pay high dividends. Stocks, including dividend stocks, may continue to fall if economic data continues to fall short of forecasts. Given the uncertainty, it’s crucial to have a well-diversified portfolio across many industries and businesses. Investors have the chance to diversify their portfolios with Canadian equities across several geographies.
Insider Monkey highlights the 10 Best Canadian Dividend Stocks. The TELUS Corporation board of directors announced a quarterly dividend of C$0.3386 per share, an increase of 7.1% over the previous year. As of September 23, the dividend yield on the company’s Canadian stock was 4.95%. Imperial Oil Limited stock has increased by more than 11% so far this year. More than 2000 stations are part of the Esso and Mobil fueling network across Canada. The corporation has increased its yearly dividend payout in Canadian dollars for 27 consecutive years. One of the top banks in the Americas is The Bank of Nova Scotia. At the end of July 2022, it had assets worth C$1.3 trillion. While it posted a net income of $2 billion, its overall revenue fell by 2% year over year to $5.8 billion. On August 25, Canadian Imperial Bank of Commerce’s board of directors declared a quarterly cash dividend of C$0.83 per common share. Since receiving its first dividend in 1868, it has never missed a scheduled dividend payment. The quarter’s normalized EPS of $1.43 outperformed expectations by $0.03. A well-known provider of banking and financial services is Toronto-Dominion Bank. By July 31, 2022, it had assets of C$1.8 trillion. The company’s US business offers a “compelling growth story.” For more details, click the 10 Best Canadian Dividend Stocks.