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5 Interesting Canadian Dividend Stocks to Consider

Lately, there has been a lot of interest in dividend stocks. There has been a lot of focus on dividends lately, especially since Apple investors began asking the company to pay a dividend. Not all companies, as AAPL demonstrates, pay dividends. But those that do are paying a portion of their profits to shareholders. Shareholders receive a certain payout, based on the number of shares they hold.

A dividend stock can provide you with the opportunity for capital appreciation, as the stock price rises, as well as regular income. Many dividends are paid quarterly, although you can find some that are paid monthly, or those that are paid only semi-annually or annually. The even better news is that you don’t have to look only in the United States. There are some interesting Canadian dividend stocks to add to your portfolio as well.

5 Canadian Dividend Stock Ideas

While there is always the risk of loss with any investment, and while companies can cut dividends at any time, it is still worth considering your options in this area. If you are trying to find some Canadian stocks for your portfolio, here are 5 dividend paying stocks worth considering:

  1. Canadian Real Estate Investment Trust (REF.UN): This REIT has been in existence for almost two decades, and focuses on quality real estate assets. The current annual dividend yield is 3.79% and the five-year growth is 2.09%. It’s not anything fancy or flashy, but REF.UN, and other REITs are required to provide dividend payouts to shareholders. There is the chance of stability — provided Canadian real estate doesn’t completely tank.
  2. Shaw Communications Inc (SJR.B): Shaw Communications has been seeing growth. The company specializes in Cable/Satellite TV, and that is a field growing in Canada. The price for SJR.B is fairly cheap, and it comes with a 4.65% annual dividend yield and the five-year growth is a whopping 26.15%. The result is that this could be an interesting addition to your portfolio, with a decent yield, and the potential for higher payouts in the future.
  3. Telus (T): A perennial favorite with Canadian dividend investors, the telecom company offers a 4.07% annual yield. This is in the “sweet spot” for many income investors who like to see 4% to 6% annual yields. Five-year dividend growth is at 12.94%. That’s very respectable, and Telus has long presented a stable dividend option for investors, and is considered a good choice for retirement portfolios.
  4. ClubLink Enterprises Ltd (CLK): This Canadian company has diversified operations (ranging from golf to resorts to ports and rail interests), and offers a nice yield of 4.55%, as well as five-year dividend growth of 4.56%. The stability of the company, and it’s relatively high payout ratio of 70.88% is one reason to consider this company.
  5. MCAN Mortgage Corp (MKP): If you’re looking for a little higher yield, MKP might be a decent choice. It’s annual yield is 8.24%, and the five-year growth is 11.76%. You have the chance to add something with a little more oomph to your portfolio with this stock. However, if the mortgage market is in a bubble, and if the Canadian mortgage industry has trouble, dividends could easily be cut.

Of course, there are plenty of other Canadian dividend stocks, some of them that might be more interesting to you. These are just some ideas that might provide you with options for your portfolio.

What Canadian dividend stocks do you think are interesting?

8 thoughts on “5 Interesting Canadian Dividend Stocks to Consider

  1. I like to leave this kind of research & investment decisions up to my husband. He finds it fascinating and interesting… I find it mind boggling!

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  3. Don’t plan on investing in canadian dividend stocks anytime soon, but these look promising. I may start investing in dividends soon! Especially since blogging seems unstable at the current state.

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