And as Robitaille points out, the utility and REIT sectors, which have a strong history of being income-generating stocks, are not as cheap as they were at the start of the year. Â, Ten stocks are worthy of A-grades this year, including four-returning All-Stars from the 2019 edition of this report. To top things off, Granite is in the best financial position among its peers. His passion for finance and the markets have led him to his MBA and writing for Seeking Alpha, Motley Fool and Stocktrades. Genworth is also trading at very attractive valuations. Bison Transport – Bison is a well managed and highly ranked carrier in Canada.Based out of Winnipeg, MB, they also have terminals in Ontario, Quebec, Saskatchewan, B.C., Manitoba and Alberta. 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If you want the true best of the best, click here to get started for free. Web developer. While we seek out companies with plump yields, we focus on the ones that can maintain them. Given our current environment of uncertainty, dividend safety and reliability is the main reason why Fortis is our top dividend stock in Canada. While the average company CEO in Canada makes around $150,000 a year, having the right experience and working for a top company can bag you well over $300,000. 5 year dividend-adjusted return of RY vs the TSX. Here are some of Canada’s top-paying jobs, that don’t need a university degree. Rising geopolitical risks, like Brexit and U.S.-China trade tensions, falling interest rates and slowing earnings growth have been steering investors into dividend stocks, driving up their valuations. According to Statistics Canada, the average wage for Canadian employees is currently $952 per week – or just under $50,000 a year. Note to foreign investors: net dividend = declared dividend less 25% withholding tax. The bank first paid a dividend in 1833 and has never missed a dividend payment since. Allied Properties is also in one of the best financial positions of its peers. The highest paying jobs in Canada: The Royal Bank of Canada (TSX:RY) is the largest bank in Canada and is among the largest companies in the country. 2019 Fortune list. This year 24 companies measure up as promising prospects.Â, While CIBC was the lone bank to earn an A grade this year, TD, BMO, Scotiabank and National Bank are solid prospects. This is tied for the 13th longest dividend growth streak in the country. However, Savaria is one of the few that has balanced both growth, and returning cash to shareholders via the dividend. We’ve provided job descriptions for the top 10. Now yielding 4.36% (above its 5-year historical average), the Royal Bank is deserving of its place among Canada’s top dividend stocks. Combine strong dividend growth with an attractive yield (3.60%) and you are looking at the top income stock to own. On the ends of the pay spectrum, the lowest 10% of earners make $40,900 or less, while the top 10% of earners make … The shift to work at home has many questioning whether or not there will be a need for office space on the other side. The company owns an eight-year dividend growth streak in which it has averaged ~2.5% annual dividend growth. You won't find a better resource on the internet! Employees have spoken! It's important to note that our editorial content will never be impacted by these links. Furthermore, it is among the best Office REITs in the country. The company has an 11-year dividend growth streak and has averaged 7.5% dividend annual dividend growth over the past five years. We can’t talk about the top dividend stocks in Canada without mentioning one of Canada’s pipelines. Mathieu also focuses primarily on stock research and content production for Stocktrades.ca Premium and the Stocktrades blog. At first glance, the 11-year dividend growth streak might not seem that impressive considering the company’s long and storied history. While CIBC was the lone bank to earn an A grade this year, TD, BMO, Scotiabank and National Bank are solid prospects. Compare Best Online Brokers in Canada* >, As much as dividends can offer investors an incentive to own stock while waiting out rough markets, they are not without risk. The latter is not only the best among industrials, it is the best ratio among all TSX-listed REITs. On the contrary, the utility sector contains some of the most reliable income companies in the country. Co.'s primary businesses are: Natural Gas Pipelines, which transports natural gas from supply basins to local distribution companies, power generation plants, industrial facilities, interconnecting pipelines, liquified natural gas export terminals and other businesses across Canada … This, in the middle of a pandemic. Unlike the pressures exhibited on Office and Retail REITs, Industrials are seeing strong demand. 10. It has also raised dividends in 43 of the past 45 years. Here is a summary of this year’s A-list stocks: you’ll find better sector diversification, including companies from the utilities and real estate sectors, which are traditionally home to reliable dividend payers, . Real Estate Investment Trusts (REITs) are a favorite among income investors. Throughout the past three, five and ten-year time frames, Fortis has consistently raised the dividend by approximately 6%. Considering the company’s current payout ratio is at the low end of guidance, there is no reason the company shouldn't be able to keep the dividend growth inline with earnings growth. His passion for finance and the markets have led him to his MBA and writing for, PO Box 16018 Lower Mount Royal, Calgary, Alberta, T2T5H7, Canada. The company generates income from insurance premiums and investments. Pay range: From $18.67 to $62.50 an … Office REITs have been among the hardest hit industries in this pandemic. Through 2024, Fortis expects to raise the dividend by 6% annually – inline with historical averages. The finance and accounting sector has a median salary of $97,700 in 2020. However, Stocktrades is by no means associated with the Toronto Stock Exchange, or any of the companies we cover. Second Cut. The company’s payout ratios against earnings and cash flows (FCF & OCF) come in at only 41.86% and 31.91% respectively. Our GIC rate comparison tables below separate provincially insured GICs (usually from a Credit Union) and CDIC insured GICs for easier navigation, but you can also input your desired investment amount, GIC type and term to find the best GIC rate for you. Market Cap: $1.7 billionForward P/E: N/AYield: 4.38%Dividend Growth Streak: 8 yearsPayout Ratio (Earnings): 72.50%Payout Ratio (Free Cash Flows): Premium Members OnlyPayout Ratio (Operating Cash Flows): Premium Members Only1 Yr Div Growth Rate: 2.30%5 Yr Div Growth Rate: Premium Members OnlyStocktrades Growth Score: Premium Members OnlyStocktrades Dividend Safety Score: Premium Members Only. Share on Email, Your email address will not be published. He is primarily interested in fundamental analysis, focusing on the long-term and his portfolio is composed primarily of dividend-paying equities. In the last quarter, (which reflected a full quarter of COVID-19 economic mitigation efforts), Savaria’s earnings were flat YoY and beat analysts estimates by 33%. Read on for the highest and lowest-paying creative jobs in Canada. You'll see the offer pop up intermittently throughout the article. Market Cap: $55.90 billionForward P/E: 14.47Yield: 5.45%Dividend Growth Streak: 19 yearsPayout Ratio (Earnings): 70.28%Payout Ratio (Free Cash Flows): Premium Members OnlyPayout Ratio (Operating Cash Flows): Premium Members Only1 Yr Div Growth Rate: 8.70%5 Yr Div Growth Rate: Premium Members OnlyStocktrades Growth Score: Premium Members OnlyStocktrades Dividend Safety Score: Premium Members Only. You need an LLB or LLM degree to become a practicing lawyer. Since it went public in 1983, BCE has never missed a dividend and payment, nor has it cut the dividend. By  Market Cap: $137 billionForward P/E: 12.86Yield: 4.46%Dividend Growth Streak: 9 yearsPayout Ratio (Earnings): 54.54%Payout Ratio (Free Cash Flows): Premium Members OnlyPayout Ratio (Operating Cash Flows): Premium Members Only1 Yr Div Growth Rate: 8.00%5 Yr Div Growth Rate: Premium Members OnlyStocktrades Growth Score: Premium Members OnlyStocktrades Dividend Safety Score: Premium Members Only. Averaged double-digit dividend growth over the course of its peers they are required pay. S pipelines the main reason why Fortis is one of the stock provide. Approximately 5 %, it is among the best positioned to do so at valuations! Best pipelines in the 3.05 % range Energy continues to generate a ton of cash at 99.1 % stock..., Genworth crushed analysts estimates premiums and investments surprising as BCE is one of the dividend remains covered... Slightly from last year double digit growth launched in 2007, Nova Scotia owns a 19-year dividend stocks... 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