The highest yielding Canadian dividend stocks to buy; originally published at "long-term-investments.blogspot.com". Maybe some of you might think about an investment aboard. A first target country to place your money is Canada. The country is the 12th largest economy in the world with a total gross domestic product of USD 1.736 billion. Year over year, Canada's economic growth is up 1.5 and the unemployment rates are at 7.1 percent.
The interest rates, which are at 1 percent, are higher than the rates from the United States. Not enough the most important issue for a financial stability is the debt to GDP ratio. The ratio shows if an economy is stable or fears to be bailed-out. Canada's debt to GDP ratio is not low but has with 85 percent of the gross income a solid figure for a developed country. The United States have a ratio of 103 percent.
Today I like to screen some popular Canadian stocks with a listing in the United States. You can also find a list of the best Canadian Dividend Aristocrats in my weekly published Dividend Weekly. The report is completely free and shows the yields and price ratios from over 1,000 stocks worldwide.
180 Canadian stocks are listed in the United States. 66 of them pay dividends and 37 of them have a current buy or better rating. Below is a small is of the 20 highest yielding stocks with a buy or better recommendation. Two of the results have a buy or better recommendation.
Do you like Canadian stocks? Do you think it makes sense to buy foreign stocks? Let me know by leaving a comment.
Here is the full table with some fundamentals:
Take a closer look at the full list. The average P/E ratio amounts to 19.72 and forward P/E ratio is 17.78. The dividend yield has a value of 3.86 percent. Price to book ratio is 2.06 and price to sales ratio 2.35. The operating margin amounts to 19.51 percent and the beta ratio is 1.40. Stocks from the list have an average debt to equity ratio of 1.14.
Related stock ticker symbols:
PGH, PWE, BTE, CM, TU, BNS, RY, TD, MFC, RCI, ENB, IAG, CVE, BIN, TCK, ABX, TLM, PDS, UFS, POT