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Top 10 Canadian Dividend Stocks – July 2017…

While we know that the stock market will grow over time, on a day-to-day or even month-to-month basis, the stock market is always changing value due to the daily fluctuation of all the stocks.

The opportunities will vary every month and that’s why it’s important to have a systematic approach to understanding which dividend stocks is an opportunity. An opportunity can be for a stock you already own or simply for a new addition to your portfolio. It is important to note that the rankings below do not assess the viability of the business. Some of the companies are strong blue chip stocks while others are smaller companies with growth.

Top 10 Canadian Dividend Stocks

Here is a summary of the top 10 Canadian dividend stocks for the month of January, see below for the details. This is obviously a snapshot in time at the time of writing, many factors could change the rankings.

Here is a quick excerpt on the top 10 dividend growth stocks opportunities identified through the Canadian Dividend Performance List for January 2017.

Stay on top of your next investment decision with the Dividend Snapshot Canadian Dividend Performance List. Review the Chowder Rule along with the 3, 5, and 10 year ratios for dividend growth, EPS growth and the payout ratio to pick a solid investment for your portfolio.

The monthly top 10 rarely have the same top 10 stocks. Be sure to come back, or better yet, follow the top 10 with the Canadian Dividend Performance List.

Disclosure: Please note that links to merchants mentioned within this post might be using an affiliate link. Using an affiliate link means that, at zero cost to you, I might earn a commission if you buy something through that affiliate link.

Exco Technologies Limited

TSE:XTCExco Technologies Limited (TSE:XTC) is a global designer, developer and manufacturer of dies, moulds, components and assemblies, and consumable equipment for the die-cast, extrusion and automotive industries.

  • Opportunity Score: 89%
  • Stock: TSE:XTC
  • Sector: Consumer Cyclical
  • Dividend Yield: 3.07%
  • Dividend Payout Ratio: 26.89%
  • Technical Trend: Technical Trend Analysis

Jean Coutu Group Inc

Since 1969, The Jean Coutu Group has constantly innovated, adapted itself and moved forward to meet the needs and expectations of consumers. The company goal is to offer customers all the advantages of a large drugstore chain while still retaining the personalized service offered by a local pharmacist.

The PJC Jean Coutu network is a Quebec market leader and second largest publicly traded network in Canada. The network comprises of 419 PJC Jean Coutu franchised stores in Quebec, New Brunswick, and Ontario.

As franchiser and distributor, the Jean Coutu Group responds to the needs of the network and its clients by providing an array of technical and professional support services and the supply, warehousing and delivery of prescription and non-prescription products as well as complementary front-end products.

CIBC

CIBC (TSE:CM, NYSE:CM) is a leading Canadian-based financial institution. Through three main business units – Retail and Business Banking, Wealth Management and Capital Markets – CIBC provides a full suite of financial products and services in Canada and around the world.

  • Opportunity Score: 86%
  • Stock: TSE:CM, NYSE:CM
  • Sector: Financial Services
  • Dividend Yield: 4.79%
  • Dividend Payout Ratio: 42.30%
  • Technical Trend: Technical Trend Analysis

TFI International Inc

TFI International Inc. (TSE:TFII) is a North American leader in the transportation and logistics industry, operating across the United States, Canada and Mexico through its subsidiaries.

TFI International creates value for shareholders by identifying strategic acquisitions and managing a growing network of wholly-owned operating subsidiaries. Under the TFI International umbrella, companies benefit from financial and operational resources to build their businesses and increase their efficiency. TFI International companies service the following segments; package and courier, less-than-truckload, truckload, and logistics.

Telus

TSE:TTelus is the 3rd largest telecom in Canada after Bell (TSE:BCE, NYSE:BCE) and Rogers Communications (TSE:RCI.B, NYSE:RCI) but it’s not far behind Rogers. In 2011, Telus had a market capitalization of $16B and it is now worth $24B while Rogers is at $26B.

Back in 1885, Telus made the first phone call between Fort Edmonton and St. Albert in Alberta. Telus went on to become the phone company for Alberta with provincial ownership at first. Over the years, it became a fully publicly traded company with no provincial ties and it merged with BC Tel. In 2001, Telus started buying assets in Quebec by capturing Quebec Tel and other assets.

  • Opportunity Score: 82%
  • Stock: TSE:T, NYSE:TU
  • Sector: Communication Services
  • Dividend Yield: 4.41%
  • Dividend Payout Ratio: 91.20%
  • Technical Trend: Technical Trend Analysis

Saputo

Saputo (TSE:SAP) produces, markets, and distributes a wide array of dairy products of the utmost quality, including cheese, fluid milk, extended shelf-life milk and cream products, cultured products and dairy ingredients.

Saputo is one of the top ten dairy processors in the world, the largest cheese manufacturer and the leading fluid milk and cream processor in Canada, one of the top three dairy processors in Argentina, and among the top four in Australia.

In the US, Saputo ranks among the top three cheese producers and is one of the largest producers of extended shelf-life and cultured dairy products. Our products are sold in several countries under well-known brand names such as Saputo, Alexis de Portneuf, Armstrong, COON, Cracker Barrel*, Dairyland, DairyStar, Friendship Dairies, Frigo Cheese Heads, La Paulina, Milk2Go/Lait’s Go, Neilson, Nutrilait, Scotsburn*, Stella, Sungold, Treasure Cave and Woolwich Dairy

  • Opportunity Score: 82%
  • Stock: TSE:SAP
  • Sector: Consumer Defensive
  • Dividend Yield: 1.49%
  • Dividend Payout Ratio: 32.79%
  • Technical Trend: Technical Trend Analysis

BCE

TSE:BCEBCE Inc. (TSE:BCE, NYSE:BCE) is Canada’s largest communications company, providing a comprehensive and innovative suite of broadband communications and content services to consumer, residential, business and government customers in Canada.

Powered by industry-leading investments in advanced networks and media content, Bell communications services are offered under the Bell and Bell Aliant brands. These include fibre-based IPTV and high-speed Internet services, 4G LTE wireless, home phone and business network and communications services, including data hosting and cloud computing.

Bell Media is Canada’s premier multimedia company with leading assets in television, radio, out of home and digital media, including CTV, Canada’s #1 television network, and the country’s most-watched specialty channels.

Metro Inc.

TSE:MRUMetro Inc. (TSE:MRU) is a leader in the food and pharmaceutical distribution in Québec and Ontario. It has more than 600 food stores operating notably under the banners Metro, Metro Plus, Super C and Food Basics. Under the banners Brunet, Clini Plus, Pharmacy and Drug Basics, Metro Inc., has more than 250 drugstores and pharmacies in operation.

  • Opportunity Score: 80%
  • Stock: TSE:MRU
  • Sector: Consumer Defensive
  • Dividend Yield: 1.53%
  • Dividend Payout Ratio: 26.53%
  • Technical Trend: Technical Trend Analysis

Emera

TSE:EMAEmera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia with approximately $27.5 billion in assets and 2015 pro-forma revenues of $ 6.3 billion. The company invests in electricity generation, transmission and distribution, gas transmission and distribution, and utility energy services with a strategic focus on transformation from high carbon to low carbon energy sources. Emera has investments throughout North America, and in four Caribbean countries. Emera continues to target having 75-85% of its adjusted earnings come from rate-regulated businesses.

First National Financial Corporation

Over the last 25 plus years, First National (TSE:FN) has grown to become a recognized and respected leader in real estate financing. On both the residential and commercial sides of our business, FN has grown and evolved, yet have maintained true to their values – trust, honesty, transparency, delivery, ingenuity, responsiveness and partnership.

Their mortgage specialists have earned a reputation for delivering exceptional service underscored by unparalleled knowledge. That reputation is a collective one. It’s not one individual or even a group of individuals standing out from the crowd. Going beyond service is ingrained in how they do business, in how they operate, in how they innovate and in how they deliver.

  • Opportunity Score: 77%
  • Stock: TSE:FN
  • Sector: Financial Services
  • Dividend Yield: 6.89%
  • Dividend Payout Ratio: 56.58%
  • Technical Trend: Technical Trend Analysis

Past Top 10 Dividend Stocks

Methodology

The top 10 stocks identified below are based on a score calculated using a number of financial data points from the companies. In the end, the score is generated from following five key indicators:

  • 52-Week Range : Trend over the past 52 weeks. Is the stock pulling back from a 52 week high?
  • P/E Ratio : Is the stock price running away from its earnings?
  • Dividend Yield : Is the yield attractive? Usually could identify a pull back if the yield starts to go up or major trouble if it goes too high.
  • Dividend Growth : Uses dividend growth and the Chowder Rule. Is the company capable of growing the dividend consistently?
  • Dividend Payout Ratio : Uses historical averages to put today’s ratio in perspective. Is the company able to grow the dividend at the same rate it increases its earnings?

If you are interested in more details, the Canadian Dividend Performance List provides many more data points to help make your investment decision.

Disclosure: At the time of writing, I own shares in TSE:BCE, TSE:T, TSE:EMA, TSE:MRU, TSE:SAP. See my list of holdings for a full list of holdings. 

Disclosure: Please note that links to merchants mentioned within this post might be using an affiliate link. Using an affiliate link means that, at zero extra cost to you, I might earn a commission if you buy something through that affiliate link.

Image courtesy of David Castillo Dominici – FreeDigitalPhotos.net


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