Top 12 Canadian Dividend Stocks

On Aug 28 this year, I wrote an article on some of the Top Canadian Dividend Stocks trading in the US.

That article used the S&P TSX Canadian Dividend Aristocrats Index as the base.

Today we take a different approach.We shall use the Dow Jones Canada Select Dividend Index to discuss the Canadian dividend stocks available as inter-listed stocks in New York Stock Exchange.This index is “designed to measure the stable and high-yielding segment of top dividend-paying companies within the broad Canada equity market.” This list does not include Canadian Royalty Trusts.

Dow Jones Canada Select Dividend Index components trading in the US:

Company	Ticker	Dividend Yield	Sector
Canadian Imperial Bank of Commerce	CM	7.68%	Banking
Bank of Montreal	BMO	7.83%	Banking
RBC Financial Group	RY	5.16%	Banking
Toronto-Dominion Bank	TD	5.19%	Banking
Telus Corp	TU	5.52%	Telecom
Bank of Novo Scotia	BNS	5.84%	Banking
Enbridge Inc	ENB	3.82%	Natural Gas Distribution
Transcanada Corp	TRP	4.75%	Pipelines
Transalta Corp	TAC	5.31%	Electricity
Sun Financial Inc	SLF	6.13%	Life Insurance
Manulife Financial Corp	MFC	5.18%	Life Insurance
Teck Cominco Ltd	TCK	10.19%	Non-ferrous Metals
Source: www.TopForeignStocks.com

The other DJ Canada Select Dividend Index components that trade on the Toronto Stock Exchange (TSX) are:
Manitoba Telecom Services Inc
National Bank of Canada
Rusel Metals Inc
Transcontinental Inc
IGM Financial Inc
Laurentian Bank of Canada
Canadian Utilities Ltd
Industrial Alliance Insurance
Power Financial Corp
Emera Inc
TMX Group Inc
Great-West Lifeco Inc
Fortis Inc
Power Corp of Canada
Reitmans (Canada) Ltd
Torstar Corp
AGF Management Ltd
Norbord Inc

If you have access to the TSX, you can pickup the iShares CDN Dividend Index Fund ETF (XDV.TO) which tracks the above index.

Comments

[stocks:]

Nice canada stock picks david

2008 Nov 03 02:39 PM

[Brad Ferris:]

Teck Cominco's yield might be something of a question mark moving forward if base metal prices continue to decline or don't meaningfully appreciate. Their Fording Coal purchase was expensive at the top of the cycle and they've very publicly stated their policy isn't to aggressively raise the dividend in the future. Just something to watch for when conducting DD.

Otherwise an excellent list - thanks!

2008 Nov 03 09:05 PM

[wallyjm:]

out of us dollars a good idea. canadian dividend stocks fit the bill.

2008 Nov 04 03:08 PM

[David Hunkar:]

Thank stocks and Nurseb911.

-David

2008 Nov 12 12:21 AM