Yahoo Finance Top Rated Dividend Stocks
Dividend-paying companies such as Calian Group and Industrial Alliance Insurance and Financial Services can diversify your portfolio cash flow by paying constant and large dividends. These stocks are a safe bet to increase your portfolio value as they provide both steady income and cushion against market risks. A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. As a long term investor with a short term temperament, I highly recommend these top dividend stocks.
Calian Group Ltd. (TSX:CGY)
Calian Group Ltd. engages in the systems engineering, manufacturing, training, information technology, and health care solutions to industries and government in Canada, the United States, and Europe. Founded in 1982, and now led by CEO Kevin Ford, the company currently employs 2,900 people and with the stock’s market cap sitting at CAD CA$254.77M, it comes under the small-cap group.
CGY has a wholesome dividend yield of 3.40% and their payout ratio stands at 54.52% . The company’s dividends per share have risen from CA$0.60 to CA$1.12 over the last 10 years. They have been dependable too, not missing a single payment in this time. Continue research on Calian Group here.
Industrial Alliance Insurance and Financial Services Inc. (TSX:IAG)
Industrial Alliance Insurance and Financial Services Inc., doing business as, iA Financial Group, primarily provides various life and health insurance products in Canada. Founded in 1892, and now run by Yvon Charest, the company provides employment to 5,350 people and with the market cap of CAD CA$5.42B, it falls under the mid-cap stocks category.
IAG has a good dividend yield of 3.07% and pays 29.10% of its earnings as dividends , with the expected payout in three years being 29.32%. The company’s DPS has increased from CA$0.90 to CA$1.52 over the last 10 years. They have been reliable as well, ensuring that shareholders haven’t missed a payment during this 10 year period. Continue research on Industrial Alliance Insurance and Financial Services here.
Canadian Natural Resources Limited (TSX:CNQ)
Canadian Natural Resources Limited explores for, develops, produces, and markets crude oil, natural gas, and natural gas liquids (NGLs). Established in 1973, and headed by CEO , the company employs 9,973 people and with the company’s market cap sitting at CAD CA$53.45B, it falls under the large-cap stocks category.
CNQ has a good-sized dividend yield of 3.07% and pays out 51.03% of its profit as dividends . The company’s DPS has increased from CA$0.20 to CA$1.34 over the last 10 years. The company has been a dependable payer too, not missing a payment in this 10 year period. Interested in Canadian Natural Resources? Find out more here.
For more solid dividend paying companies to add to your portfolio, explore this interactive list of top dividend payers.
To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned.
