🍁 BEST CANADIAN DIVIDEND STOCKS this decade & every industry (TSX60 companies)
I originally thought the best Canadian stocks for dividends would’ve been banks, utility, telecom or real estate industries. Typically, popular Canadian dividend stocks that most investors probably think would be best are TD Bank, Bell Canada, and Enbridge. But they weren’t the best, and the actual top names come as a bit of a surprise.
So I gathered the relevant dividend data on every TSX60 company, which is basically a list of the largest 60 companies in Canada from practically all major industries. For instance, from the TSX60 list, you get every big Canadian bank, insurance, oil, railroad, telecom, goldmine and utility company. So we’ll see from the list, exactly which company gave out the most dividend return on investment, and then we’ll see which company gave the most in their own industry sector.
What’s important is that as Canadian dividend investors we only care about the total dividend income we would have generated while holding on for the last 5 and 10 years. The idea is that so long as the company keeps paying dividends and doesn’t bankrupt, then we don’t care about the stock price volatility.
Total cumulative dividends should reflect differences in high or low yields, dividend growth rates, company profits being retained for reinvestment, or one time dividend payments. Whichever Company paid the most should imply that they were the best dividend investment over time. Although past results might not exactly indicate future performance, if a company is competent in what it does, it should have a decent level of performance and good dividend payments over longer periods of time.
NOTE: that it’s worth investigating big changes in dividends by the actual company. In this video, I only aggregated the data without understanding actual changes going on within the underlying company. For instance, I realized after making this video that Interpipeline (IPL.TO) severely slashed their dividends in the recent quarter because of fundamental issues and COVID.
BEST OVERALL DIVIDEND 1:24
BEST DIVIDEND by Canadian industry:
REAL ESTATE 7:47
BEST INDUSTRY COMPARISON 8:44
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✔️Intelligent Investor – Benjamin Graham: http://bit.ly/Intelligent-Investor-Ben-Graham
✔️One Up on Wall Street – Peter Lynch: http://bit.ly/One-Up-on-Wallstreet-Peter-Lynch
✔️Rich Dad Poor Dad – Robert Kiyosaki: http://bit.ly/Rich-Poor-Dad-Robert-Kiyosaki
✔️The Wealthy Barber Returns – Dave Chilton: http://bit.ly/Wealthy-Barber-Returns-Dave-Chilton
✔️Beating the Street – Peter Lynch: http://bit.ly/Beating-the-Street-Peter-Lynch
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