There are many ways to buy Canadian stocks. ATCO has manufacturing facilities in Canada, the US, Chile, and Australia. The company engages in the generation, transmission, and distribution of electricity and gas, and provides other utility energy services. Its segments are Electricity (70% of 2018 earnings), Pipelines & Liquids (40%) and Corporate & other (-10%). The firm’s objective is to generate an equity return of 12%-15% in the long term and grow its annual distribution by 5%-9%. When evaluating offers, please review the financial institution’s Terms and Conditions. As a growing renewable energy company, Algonquin Power owns a strong portfolio of long term contracted wind, solar and hydroelectric assets with 1.5 GW of total installed capacity. But you’ve got to sit through some bumps if you hold this stock, given the ups and downs of oil prices. Algonquin’s utility business serves nearly 770,000 customers in twelve states across the U.S., through 1,200 miles of electrical transmission lines and 100 miles of natural gas transmission pipelines. With 85 investment properties spanning the globe and increased dividends since 2012, Granite REIT is one of my picks for best Canadian dividend stock. Consensus Rating: Hold Ratings Breakdown: 1 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings. It operates through 10 utility companies such as ITC, UNS Energy, Fortis Alberta, Fortis BC, etc. Top 10 Canadian Dividend Stocks #1 – Algonquin Power & Utilities Corp #2 – Emera #3 – Alimentation Couche-Tard Inc. #4 – TC Energy #5 – Cogeco #6 – Manulife #7 – Scotia Bank #8 – Brookfield Infrastructure #9 – Cogeco Cable Inc #10 – Fortis We may receive a fee when you click on a link, at no additional cost to you. By generation type, TC’s assets can be divided into nuclear, natural gas and wind. I recently updated this article for 2020, replacing three of the names with new ones, to try to identify some of the best stocks for 2020 and beyond. The top 10 stocks identified above are based on a score calculated using a number of financial data points from the companies. You can buy or sell stocks for as low as $4.95. ATCO owns an impressive asset base comprising of 21 power plants with a generation capacity of 2500+ MW, 87,000 km electric power lines, huge hydrocarbon storage capacity, 64,500 km natural gas pipelines, etc. Get $50 FREE Questrade Trades to Buy Dividend Stocks. Here are the best Canadian dividend stocks to invest in, the best dividend stocks in Canada, in my humble opinion. Questrade offers the cheapest trades! ITC Holdings is the largest independent electricity transmission company in the U.S. Fortis caters to 3.3 million utility (2 million electric utility customers and 1.3 million gas utility customers) across North America. Just ask me, and you'll learn why there was nothing I could use out there and build the Dividend Snapshot Screeners. The company is known for its highly regulated, low risk and diversified utility businesses. The company owns regulated electric and gas distribution and transmission assets worth $22 billion serving more than two million customers around the world. With more than 65 years of service, TC Energy is known for delivering energy in a safe and sustainable manner. For example, Metro, Super C and Adonis all target unique markets and customers. This makes it difficult to find top RRSP picks right now, but some attractive dividend stocks still look cheap and could deliver big gains.The post RRSP Investors: A Top Canadian Dividend Stock to Buy Now and Hold … Investment DataOpportunity Score: 77Ticker: TSE:emaSector: UtilitiesIndustry: Utilities - DiversifiedMarket Cap: 13.10BP/E: 14.91Dividend Yield: 4.89%Payout Ratio (Earnings): 72.86%Canadian Dividend Aristocrat: YESChowder Score: Members OnlyRevenue Growth: Members OnlyDividend Growth: Members OnlyDividend Growth Fit: 6/10Dividend Income Fit: 9/10#3 – Alimentation Couche-Tard Inc.Alimentation Couche-Tard is one of the largest Canadian companies and the owner of several Canadian convenience stores. My stock selection process breaks down the quantitative and qualitative assessments investors should establish to pull the trigger before buying.If you are interested in more details, the Canadian Dividend Screener provides many more data points to help make your investment decision.Dividend growth investing works and you can generate a healthy retirement income but you have to buy individual stocks. He’s bullish on energy, and Suncor is definitely the company you want to bet on if you feel energy will climb. The company operates through more than 600 food stores operating under the banners Metro, Metro Plus, Super C, Food Basics and Adonis. Dividend Earner will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Investment DataOpportunity Score: 73Ticker: TSE:atd.bSector: Consumer DefensiveIndustry: Grocery StoresMarket Cap: 37.28BP/E: 13.56Dividend Yield: 0.82%Payout Ratio (Earnings): 11.15%Canadian Dividend Aristocrat: YESChowder Score: Members OnlyDividend Growth: Members OnlyDividend Growth Fit: 9/10Dividend Income Fit: 5/10#4 – Brookfield InfrastructureBrookfield Infrastructure Partners is one of the largest owners and operators of infrastructure networks globally. With an attractive dividend yield of 4.75%, this discount store operator can provide income while allowing room for stock appreciation as price margins are expected to increase. The 5 Best Canadian Dividend Stocks to Buy Right Now; TFSA Investors: 2 of the Best Canadian Stocks to Buy for 2021 The company engages in the generation, transmission, and distribution of water, gas, and electricity to communities across the U.S. About 99% of the company’s utility assets are regulated and it operates through regulated independent electric transmission (32% of 2018 earnings), regulated US electric & gas (33%), regulated Canadian & Caribbean electric & gas (40%), and non-regulated energy infrastructure (-5%) business segments. Your email address will not be published. The company has a strong portfolio of diversified assets, storage facilities and power generation plants and operates one of North America’s largest natural gas pipelines networks extending to more than 57,500 miles. I’ve written over 1,000 articles about Canadian TSX stocks, many of which provide dividends to its investors. 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