As trade tensions ease with new agreements and the Federal Reserve maintains steady interest rates, the Canadian market is navigating a complex economic landscape. In this environment, dividend stocks can offer a reliable income stream and potential stability for investors seeking to bolster their portfolios amidst these shifting dynamics.
|
Name |
Dividend Yield |
Dividend Rating |
|
Whitecap Resources (TSX:WCP) |
9.07% |
★★★★★☆ |
|
Canadian Imperial Bank of Commerce (TSX:CM) |
4.39% |
★★★★★☆ |
|
Russel Metals (TSX:RUS) |
4.36% |
★★★★★☆ |
|
Royal Bank of Canada (TSX:RY) |
3.53% |
★★★★★☆ |
|
IGM Financial (TSX:IGM) |
5.15% |
★★★★★☆ |
|
Power Corporation of Canada (TSX:POW) |
4.45% |
★★★★★☆ |
|
SECURE Waste Infrastructure (TSX:SES) |
3.08% |
★★★★★☆ |
|
Richards Packaging Income Fund (TSX:RPI.UN) |
6.11% |
★★★★★☆ |
|
Acadian Timber (TSX:ADN) |
6.64% |
★★★★★☆ |
|
Sun Life Financial (TSX:SLF) |
4.07% |
★★★★★☆ |
Click here to see the full list of 27 stocks from our Top TSX Dividend Stocks screener.
Here’s a peek at a few of the choices from the screener.
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Evertz Technologies Limited designs, manufactures, and distributes video and audio infrastructure solutions for production, post-production, broadcast, and telecommunications markets globally with a market cap of CA$872.85 million.
Operations: Evertz Technologies Limited generates revenue primarily from the Television Broadcast Equipment Market, amounting to CA$496.59 million.
Dividend Yield: 6.8%
Evertz Technologies offers a dividend yield of 6.78%, placing it in the top 25% of Canadian dividend payers. Its dividends are well covered by earnings with a low payout ratio of 24.7%, and cash flows support the payments with a cash payout ratio of 64.6%. However, Evertz has an unstable dividend track record over the past decade despite recent increases. The stock trades at a favorable value, with its P/E ratio slightly below the market average.
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Sun Life Financial Inc. is a financial services company offering asset management, wealth, insurance, and health solutions to individual and institutional customers across multiple countries including Canada, the U.S., and several Asian markets, with a market cap of CA$48.93 billion.
Operations: Sun Life Financial Inc.’s revenue is primarily derived from its operations in Canada (CA$17.19 billion), the United States (CA$14.80 billion), Asia (CA$3.04 billion), and Asset Management services (CA$6.82 billion).