Top Fifteen Highest-Rated Dividend Companies
Posted on Wednesday, September 29th, 2021 by MarketBeat StaffMarketBeat tracks approximately 250,000 ratings each year and tracks more than15,000 securities around the globe that pay dividends each month or quarter.This slide show lists the 15 dividend-paying companies (having yields above25%) that also have the highest average analyst recommendations from WallStreet’s equities research analysts over the last 12 months.
5 – Citizens Financial Group
(NYSE:CFG)Dividend Yield:3.29%Consensus Rating:BuyRating Score:3.0Ratings Breakdown:11 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings.Consensus Price Target:$48.83 (1.8% Upside)Citizens Financial Group, Inc engages in the provision of commercial bankingservices. It operates through the following segments: Consumer Banking andCommercial Banking. The Consumer Banking segment includes deposit products,mortgage and home equity lending, student loans, auto financing, credit cards,business loans, and wealth management and investment services.Read More
10 – Canadian Natural Resources
(NYSE:CNQ)Dividend Yield:4.14%Consensus Rating:BuyRating Score:2.9Ratings Breakdown:13 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.Consensus Price Target:$51.89 (43.0% Upside)Canadian Natural Resources Ltd. is an oil and natural gas production company,which engages in the exploration, development, marketing, and production ofcrude oil and natural gas. It operates through the following segments: OilSands Mining & Upgrading; Midstream & Refining; and Exploration & Production.Read More
A word of warning about picking stocks
All investing comes with some risk, but picking stocks is especially risky. Wedon’t endorse any of one stock because there’s no guarantee that any of thesestocks will continue to pay dividends. In fact, there’s no guarantee that theywon’t go out of business tomorrow. We simply can’t predict the future, nomatter how steady their past has been.
What are dividend stocks
Dividend stocks are shares from companies—usually well-established and with aproven record of generating earnings—that pay out regular dividends toshareholders.It’s generally safer (but never totally safe) to diversify your investmentsacross the entire stock market using Exchange Traded Funds (ETFs). Use anautomated investing platform to manage the entire process for you so you cansit back and watch your money grow. And you should never rely on a portfolioof all stocks. That’s far too risky.
The best dividend stocks in Canada
The following is a list of the best dividend stocks in Canada, starting withthe highest dividend. We chose these stocks not just because they pay well,but also because they have a history of dividend stability as well as a littlegrowth. Make sure to buy them through a commission-free trading platform soyou don’t burn all of your cash on fees.
7. Power Financial Corporation (PWF.TO)
* Dividend yield: 5.14% * Market cap: $23 billion * Industry: InsurancePower Financial Corporation offers financial services through Canada, theUnited States, Europe, and Asia. It sells a wide line of products, includinglife, disability, critical illness, and health insurance products, retirementaccounts, wealth savings and income products, employer-sponsored definedcontribution plans, reinsurance products, wealth management services, and muchmore. It sells its products through distribution network of third-partyfinancial advisors, consultants, and independent financial advisors.
9. Power Corporation of Canada (POW.TO)
* Dividend yield: 4.84% * Market cap: $13 billion * Industry: InsurancePower Corporation of Canada is a diversified international management andholding company with its feet in financial services, asset management,sustainable energy, and other sectors. Like the other insurance companies onthis list, Power Corporation offers life, disability, and illness insurance,reinsurance products, retirement products, annuities, securities, and mortgageproducts, wealth management services, and other financial products.Additional, Power Corporation generates renewable energy through solar andwind facilities, manufactures LED lighting solutions and zero-emissionvehicles, and operates equity investment funds. It also holds interests in avariety of other businesses.
Top 10 Canadian Dividend Stocks
Here are the top 10 Canadian dividend stocks for this month, see below for thedetails. This is obviously a snapshot in time at the time of writing, manyfactors could change the rankings.Here is a quick excerpt on the top 10 dividend growth stocks opportunitiesidentified through the Canadian Dividend Stock Screener.> Stay on top of your next investment decision with the Dividend Snapshot> Canadian Dividend Screener. Review the Chowder Rule along with the 3, 5, and> 10 year ratios for dividend growth, EPS growth and the payout ratio to pick> a solid investment for your portfolio.The monthly top 10 rarely have the same top 10 stocks. Be sure to come back,or better yet, follow the top 10 with the Canadian Dividend Screener.Get your list of STRONG Dividend Growth Stocks
1 – Algonquin Power & Utilities Corp
Algonquin Power & Utilities is a diversified utility company in North Americawith $10 billion in total assets. The company engages in the generation,transmission, and distribution of water, gas, and electricity to communitiesacross the U.S. It also has renewable energy business.As a growing renewable energy company, Algonquin Power owns a strong portfolioof long term contracted wind, solar and hydroelectric assets with 1.5 GW oftotal installed capacity.The company through its subsidiaries owns an equity interest in more than 39clean energy facilities. Algonquin Power operates through two subsidiaries:Liberty Utilities (64% of 2018 earnings) and Liberty Power (36%).The company has more than 50 power generation facilities and 20 utilitiesacross North America. Algonquin’s utility business serves nearly 770,000customers in twelve states across the U.S., through 1,200 miles of electricaltransmission lines and 100 miles of natural gas transmission pipelines.
5 – Canadian Natural Resources
Canadian Natural Resources is a diversified and independent energy producer inthe world. It is the largest independent natural gas and heavy crude oilproducer in Canada.It operates a balanced mix of natural gas, light crude oil, heavy crude oil,and oil sands. The company holds some of the best oil sand assets in NorthAmerica, particularly thermal in situ properties, having tremendous growthpotential.The company’s business can be broadly classified into Exploration andProduction (North America, North Sea, offshore Africa), Oil Sands Mining andUpgrading, and Midstream and Refining segments. The Exploration and Productionsegment is Canadian Natural’s core business, while the other two businessesprovide a nice diversification.Canadian Natural has a balanced mix of natural gas, light crude oil, heavycrude oil, bitumen, and SCO. The company also owns midstream assets consistingof two crude oil pipeline systems and cogeneration plants, which enables thetransportation of heavy crude oil in international markets.Candian Natural derives nearly 89% of its total revenue from the sale of crudeoil and NGLs and the remaining 11% from natural gas.
3. Canadian Natural Resources (CNRL)
Horizon Oil Sands, the biggest operation of CNRL, one of the largestengineering firms in Canada; Source: CNRLAlthough Canadian Natural Resources does not provide engineering as a service,it more than earns its place on this list of the largest engineering firms inCanada.You see, as one of the largest heavy crude oil producers in Canada, CanadianNatural Resources employs an army of engineers.Fast Facts:Employees: 9,709Headquarters: Calgary, Alberta