Get U.S. Dividends From Canadian Dividend Stocks

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Includes: ABX, BAM, BCE, BIP, BMO, BNS, BOXC, BPY, CAE, CCJ, CM, CNI, CNQ, CP, CPG, CVE, ECA, ENB, FNV, GG, IMO, MEOH, MFC, MGA, NTR, PAAS, PBA, PBH, QSR, QTRH, RBA, RCI, RY, SJR, SLF, SU, TAC, TD, TECK, TLM, TRP, TU, VET
by: Dividend Earner

As a Canadian, it’s very important to realize how small our economy is. While it is a good economy, it is a small one and it is mostly focused on financial and energy stocks. It is acceptable to be proud of it but as an investor, you want to be objective and realize that you need exposure to other economies. You may chose to do it through indexes but personally I do it by buying US companies. One key factor to buy US companies is that you need US dollars. The current currency exchange rate may seem prohibitive but that doesn’t have to be the case.

There was a time when the Canadian dollar was at parity and it was a good time to just buy US companies. With the currency exchange, there is a value blocker that all Canadian investors need to get over. Aside from exchanging currencies using your favorite method, you can start earning US dividends by holding Canadian stocks on a US exchange. There are many large public corporations in Canada that also trade on the New York Stock Exchange (NYSE), allowing you to earn US dividends. The dividends are also eligible as Canadian dividends since they is distributed by a Canadian company. The shares can be moved between the TSX and the NYSE through a process called journaling, so you can buy them in Canadian dollars, move the shares over to the NYSE and then earn US dividends.

44 Canadian Dividend Stocks On The NYSE

Building a cash flow in US dollars isn’t out of your reach, and you can do it with your Canadian dollars. This list of 44 companies below comes from my tracking list. There might be others, but I consider these the companies worth paying attention to. As you can see, there are many options to earn US dividends and put them to work towards a US investment.

Ticker US Ticker Company Quote Score Market Cap Annual Dividend Yield
RY.TO RY Royal Bank $76.39 81.78% 110.20 $3.08 4.03%
TD.TO TD TD Bank $54.18 77.19% 100.19 $2.04 3.77%
BNS.TO BNS Scotia Bank $63.46 88.70% 76.79 $2.64 4.16%
CNR.TO CNI Canadian National Railway $85.9 59.40% 69.32 $1.25 1.46%
ENB.TO ENB Enbridge $60.9 38.61% 51.88 $1.86 3.05%
SU.TO SU Suncor $35.45 72.63% 51.20 $1.12 3.16%
BMO.TO BMO Bank of Montreal $76.34 78.88% 49.39 $3.20 4.19%
BCE.TO BCE BCE $52.99 56.65% 44.54 $2.60 4.91%
BAM.A BAM Brookfield Asset Management $68.71 51.72% 43.81 $0.72 1.05%
MFC.TO MFC Manulife $21.9 68.39% 43.14 $0.62 2.83%
IMO.TO IMO Imperial Oil $48.35 71.82% 40.98 $0.52 1.08%
TRI.TO TRI Thompson Reuters $51.27 50.74% 40.70 $1.68 3.28%
CNQ.TO CNQ Canadian Natural Resources $37.21 85.11% 40.64 $0.88 2.36%
CP.TO CP Canadian Pacific Railway $237.76 42.00% 39.35 $1.40 0.59%
TRP.TO TRP Transcanada Pipelines $55.52 44.67% 39.34 $1.92 3.46%
CM.TO CM CIBC $93.2 75.63% 37.02 $4.24 4.55%
POT.TO POT Potash Corp $40.7 62.05% 33.80 $1.92 4.72%
MG.TO MGA Magna International Inc $133.48 57.50% 27.39 $1.52 1.14%
T.TO TU Telus $42.08 69.83% 25.63 $1.60 3.80%
SLF.TO SLF Sun Life Financial $40.88 67.68% 25.06 $1.44 3.52%
RCI.B RCI Rogers $44.06 63.01% 22.89 $1.92 4.36%
G.TO GG Goldcorp $24.3 34.35% 20.01 $0.72 2.96%
CVE.TO CVE Cenovus Energy $21.04 59.17% 17.35 $1.06 5.06%
ABX.TO ABX Barrick Gold $14.02 32.13% 16.53 $0.24 1.71%
SJR.B SJR Shaw Communications $28.59 75.04% 13.53 $1.10 3.85%
PPL.TO PBA Pembina Pipeline $40.71 48.54% 13.53 $1.74 4.27%
CPG.TO CPG Crescent Point Energy $28.77 34.49% 13.09 $2.76 9.59%
ECA.TO ECA Encana $13.87 84.61% 11.61 $0.32 2.31%
TCK.B TCK Teck Resources $18.88 47.97% 11.04 $0.90 4.77%
FNV.TO FNV Franco-Nevada Corp $64.31 20.81% 10.16 $1.00 1.55%
QSR.TO QSR Restaurants Brands International $48.84 15.39% 9.99 $0.36 0.74%
TLM.TO TLM Talisman Energy $9.55 24.32% 9.90 $0.32 3.35%
BIP.UN BIP Brookfield Infrastructure Partners $56.97 16.26% 8.41 $1.92 3.37%
BPY.UN BPY Brookfield Office Properties $30.05 #DIV/0! 7.82 $1.00 3.33%
CCO.TO CCJ Cameco Corp. $18.62 49.39% 7.37 $1.00 5.37%
MX.TO MEOH Methanex Corp $65.48 71.86% 6.09 $1.26 1.92%
VET.TO VET Vermillion Energy $53.84 55.97% 5.76 $2.64 4.90%
CAE.TO CAE CAE Inc $15.13 58.87% 3.99 $0.28 1.85%
RBA.TO RBA Ritchie Bros Auctioneers Inc $32.1 40.51% 3.50 $0.71 2.21%
TA.TO TAC TransAlta $11.77 25.41% 3.26 $0.72 6.12%
PAA.TO PAAS Pan American Silver Corp $11.93 46.39% 1.83 $0.64 5.36%
BOX.UN BOXC Brookfield Office Properties Canada $29.63 32.94% 0.78 $1.20 4.05%
PBH.TO PBH Premium Brands Holding Corp $27.15 23.58% 0.62 $1.24 4.57%
WIN.TO WILN Wi LAN Inc $3.14 32.94% 0.38 $0.20 6.37%


Disclosure:
See my holdings here.

Disclaimer: Please note that this blog post represents my opinion and not an advice/recommendation. I am not a financial adviser, I am not qualified to give financial advice. Before you buy any stocks/funds consult with a qualified financial planner. Make your decision at your own risk – see my full disclaimer for more details.