Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Stock Market»5 Canadian Dividend Stocks Every Single Investor Should Own
    Stock Market

    5 Canadian Dividend Stocks Every Single Investor Should Own

    February 21, 20254 Mins Read


    grow money, wealth build

    Image source: Getty Images

    Investing in dividend stocks is like planting a money tree in your backyard. With the right picks, you’ll enjoy a steady stream of income while watching your investment grow. So today, let’s dive into five Canadian dividend stocks that deserve a spot in your portfolio.

    Dollarama

    First, Dollarama (TSX:DOL) has become a household name for budget-conscious Canadians, offering a wide range of products at unbeatable prices. In the third quarter of fiscal 2025, Dollarama reported net earnings of $275.8 million, a 5.6% increase from the previous year. This growth was driven by a 3.3% rise in comparable store sales, highlighting the company’s resilience even when consumers are tightening their belts.

    The dividend stock’s gross margin stood at 44.7%, slightly down from 45.4% the previous year, mainly due to higher logistics costs. However, with a forward annual dividend rate of $0.37 per share and a yield of 0.25%, Dollarama continues to reward its shareholders. As consumers increasingly seek value, Dollarama’s extensive product range and strategic pricing position it well for sustained growth.

    Dream Industrial

    Dream Industrial REIT (TSX:DIR.UN) focuses on owning and operating a portfolio of high-quality industrial properties across Canada and Europe. In Q3 2024, the dividend stock achieved net rental income of $90.5 million, marking a 7.1% increase from the same period in 2023. This growth was propelled by strong performances in Ontario and Québec, with year-over-year net rental income increases of 15.6% and 14.1%, respectively.

    Despite a decrease in net income to $13.8 million, primarily due to non-cash fair value adjustments, Dream Industrial maintains a robust portfolio, including a forward annual dividend rate of $0.70 per share, yielding approximately 6%. With the ongoing demand for industrial spaces, especially in e-commerce and logistics, the REIT is well-positioned for future growth.

    Canadian Utilities

    Then we have Canadian Utilities (TSX:CU), a stalwart in the utilities sector providing essential services across Canada. In Q3 2024, the dividend stock reported adjusted earnings of $102 million, up from $87 million in the same quarter of 2023.

    With a forward annual dividend rate of $1.81 per share and a yield of 5.3%, Canadian Utilities offers investors a reliable income stream. The dividend stock’s diversified operations and commitment to sustainable energy solutions position it well for long-term stability and growth.

    Enbridge

    Next, Enbridge (TSX:ENB) is a titan in the energy infrastructure sector, transporting about 30% of North America’s crude oil and 20% of its natural gas. The dividend stock boasts a 27-year streak of increasing dividends, underscoring its commitment to returning value to shareholders.

    With a forward annual dividend yield of approximately 6.5%, Enbridge provides a substantial income stream. Its investments in renewable energy projects, including wind and solar, demonstrate a forward-thinking approach, ensuring the dividend stock remains a key player in the evolving energy landscape.

    BCE

    Finally, BCE (TSX:BCE), one of Canada’s largest telecommunications companies, serves around 10 million customers, accounting for approximately 30% of the national market. The dividend stock has a 14-year track record of raising its dividend by 5% or more annually, reflecting its robust financial health.

    With a forward annual dividend yield of about 6.3%, BCE offers investors a generous income stream. The dividend stock’s expansion into 5G technology and its diverse media holdings position it for continued growth in the fast-evolving communications sector.

    Bottom line

    Incorporating these dividend stalwarts into your investment strategy can provide a balanced mix of income and growth. Remember, while dividends are appealing, it’s essential to consider each company’s overall financial health and market position. But in the case of these dividend stocks, investors shouldn’t have to worry. Instead, latch on and watch your investment compound for years, if not decades, to come.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    North Korea unveils ‘unique technology’ in new air defence missile test

    Stock Market

    Dow, S&P 500, Nasdaq futures hold near records after surge with Nvidia earnings in focus

    Stock Market

    Sensex Today | Stock Market LIVE Updates: Nifty heads into truncated week as Trump tariff deadline looms

    Stock Market

    Sequins, feathers… and a groundbreaking arrest using facial recognition cameras: The Daily Mail sees police deploy slick new technology at Notting Hill Carnival

    Stock Market

    ThingX Technology Launches Nuna Pendant This 2025Q3: The World’s First AI Emotion-Tracking Pendant

    Stock Market

    The Motley Fool: Invest in diversified dividends

    Stock Market
    Leave A Reply Cancel Reply

    Top Picks
    Precious Metal

    Aya Gold & Silver enregistre une production record au premier trimestre

    Commodities

    Investir dans le pétrole et les matières premières

    Commodities

    Argentina to Sign Deal with US to Boost Metals Mining

    Editors Picks

    Pittsburgh hearing on property taxes puts focus on ‘broken’ system

    July 15, 2024

    IRS warns of clean energy tax credit scam

    July 13, 2024

    cette batterie externe résiste à …

    April 24, 2025

    Cryptocurrency Market Takes a Wait-and-see Approach

    February 5, 2025
    What's Hot

    Exploring the impact of Central Bank digital currencies

    June 23, 2025

    British Swimmer Adam Peaty Tests Positive for COVID-19 After Winning Silver Medal

    July 29, 2024

    United Utilities prévoit une baisse des coûts d’exploitation sous-jacents pour l’exercice 2025/26

    May 14, 2025
    Our Picks

    La fintech ghanéenne Oze lève des fonds pour soutenir 100 millions de PME en Afrique

    February 25, 2025

    India’s Real Estate Sector Burdened By 4.4 Million Inheritance Disputes, Freezing $200 Billion In Assets

    October 30, 2024

    More than 75,000 homeowners to leave London this year

    August 26, 2024
    Weekly Top

    Kiwi raises $24 Mn in series B funding led by Vertex Ventures

    August 25, 2025

    Star Copper Phase 2 Drill Preparation Uncovers Significant Mineralization at Surface

    August 25, 2025

    Holo closes $22mln funding round to scale regional fintech

    August 25, 2025
    Editor's Pick

    The China commodities supercycle is over. Will there be another?

    January 14, 2025

    Top Democratic Donor Ron Conway Cuts Ties With Pro-Crypto PACs Over Unseating Senator Sherrod Brown – Coinbase Glb (NASDAQ:COIN)

    August 20, 2024

    Transcript : MAC Copper Limited, 2024 Earnings Call, Feb 24, 2025 -Le 25 février 2025 à 00:30

    February 24, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.