The best dividend stocks in Canada 2024 + MORE Oct 9th

Overview
Top 100 Dividend Stocks
Past Performance
Methodology

Best Dividends in Canada Table of Contents

OverviewPast PerformanceMethodology

Top 100 dividend stocks in Canada

With the Bank of Canada having cut interest rates for the first time in four years in June, and twice again since, we may have reached an inflection point, according to market watchers. Dividend stocks, which have underperformed the past two years as interest rates rapidly rose, are poised to come into their own.

High rates punish dividend payers in two ways, the theory goes. They lure capital towards safer interest-bearing assets such as bonds and guaranteed investment certificates (GICs) that now boast competitive yields. And they raise financing costs for dividend-heavy sectors that do a lot of borrowing, such as utilities, pipelines and real estate…

Overview
Top 100 Dividend Stocks
Past Performance
Methodology

Best Dividends in Canada Table of Contents

Top 100 Dividend Stocks

Past Performance

Methodology

It has been a lousy couple of years for dividend investors in Canada. First, the stock market meltdown of 2022 destroyed capital for most stock investors, then rising bond yields in 2023 served to lure investors’ money out of dividend stocks. If you had a selection of Canadian dividend payers at the start of 2022, it’s quite possible they’ve experienced a capital loss. The Dow Jones Canada Select Dividend Index had an annualized rate of return of -0.11% for the two-year period ending Dec. 31, 2023.

The good news, though, is that the field of dividend stocks today is looking lean and fit in terms of both yield and valuation, which could position Canadian dividend investors to reap gains in 2024…