While the stock market is expected to grow over time, on a day-to-day or even monthly basis, the stock market is always changing value as a result of the daily fluctuation of all the stocks. The opportunities vary every month and thus the reason why it is essential to have a systematic approach to understanding which dividend stocks offer an investing opportunity.
Here are some of the best Canadian Dividend Stocks. Some of the companies mentioned are strong blue-chip stocks while others are smaller companies with a potential for growth. Consult an expert to learn more about stocks, just click here
Metro Inc is a leading company in the food and pharmaceutical distribution in Ontario and Quebec. The company has more than 600 food store operating notably under banners such as Metro, Metro Plus, Super C and Food Basics. It offers an opportunity score of 96% with a dividend yield of 1.76% with a dividend payout ratio of 9.39%.
Suncor is an energy company that has become globally competitive with a balanced portfolio of high-quality assets, strong balance sheet and significant growth prospects. The opportunity score here is 92% and a dividend yield of 3.47% and 53.73% as the dividend payout ratio. More helpful ideas about stocks are available at https://smallcappower.com.https://smallcappower.com
Canadian National Railway
Canadian national railway is a transportation leader and the only transcontinental railways found in North America. The railway network is 19,600 miles and spans Canada and mid-America connecting the Atlantic, the Pacific and the Gulf of Mexico coasts. The railway network provides integrated rail and other transportation services including freight forwarding, trucking, intermodal, warehousing, and distribution. The opportunity score here is 89% with a dividend yield of 1.87% and 25.03% dividend payout ratio.
Emera Inc is an energy and services company with its headquarters at Halifax, Nova Scotia. This company specializes in the generation of electricity and utility energy services with a focus on transforming high carbon to low carbon energy sources. The company has investments throughout North America and four Caribbean countries. Emera maintains high standards in safety, customer service, reliability and environmental care. The opportunity score here is 88% with a dividend yield of 5.44% with a dividend payout ratio of 82.48%.
Exco Technologies Limited
This is a global designer developer and manufacturer if molds, dies, components and assemblies as well as consumable equipment for die-cast, extrusion, and automotive industries. The opportunity score is 87%, dividend yield of 3.58% and dividend payout ratio of 36.17%.
TransCanada has for more than 65 years operated storage facilities, pipelines, and power-generation plants supporting Canada, Mexico, and U.S. Opportunity score is 87%, dividend yield 6.62% and the dividend payout ratio is 158.52%. Increase your knowledge about stocks through visiting https://www.huffingtonpost.com/timothy-sykes/10-steps-to-becoming-a-st_b_8147928.html