20 Best Canadian Dividend Stocks

Some of you may think about an investment aboard. A likely first target country is Canada. It has the 12th largest economy in the world with a total gross domestic product of USD 1.736 billion. Year over year, Canada’s economic growth is up 1.5 and the unemployment rates are at 7.1 percent.

The sovereign interest rates, which are at 1 percent, are higher than those of the United States. On top of all that, the most important issue for a financial stability is the debt to GDP ratio. Canada’s debt to GDP ratio is not low but has, at 85 percent of the GDP, a solid figure for a developed country. The United States have a ratio of 103 percent.

Today I'm screening some popular Canadian stocks that list in the United States. 180 Canadian stocks are listed in the United States. 66 of them pay dividends and 37 of them have a current buy or better rating. Below is a list of the 20 highest yielding stocks with a buy or better recommendation. Two of the results have a buy or better recommendation.

Here are my favorites:

Baytex Energy (BTE) has a market capitalization of $5.61 billion. The company employs 159 people, generates revenue of $1.106 billion and has a net income of $219.30 million. The firm’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $587.32 million. The EBITDA margin is 53.10 percent (the operating margin is 24.58 percent and the net profit margin 19.83 percent).

Financial Analysis: The total debt represents 24.77 percent of the company’s assets and the total debt in relation to the equity amounts to 50.52 percent. Due to the financial situation, a return on equity of 18.76 percent was realized. Twelve trailing months earnings per share reached a value of $2.38. Last fiscal year, the company paid $2.44 in the form of dividends to shareholders.

Market Valuation: Here are the price ratios of the company: The P/E ratio is 19.44, the P/S ratio is 5.16 and the P/B ratio is finally 4.54. The dividend yield amounts to 5.74 percent and the beta ratio has a value of 1.53.



Toronto-Dominion Bank (TD) has a market capitalization of $76.28 billion. The company employs 78,397 people, generates revenue of $22.428 billion and has a net income of $6.290 billion. The firm’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $10.949 billion. The EBITDA margin is 48.82 percent (the operating margin is 31.70 percent and the net profit margin 26.97 percent).

Financial Analysis: The total debt represents 17.60 percent of the company’s assets and the total debt in relation to the equity amounts to 300.32 percent. Due to the financial situation, a return on equity of 14.82 percent was realized. Twelve trailing months earnings per share reached a value of $6.82. Last fiscal year, the company paid $2.91 in the form of dividends to shareholders.

Market Valuation: Here are the price ratios of the company: The P/E ratio is 12.20, the P/S ratio is 3.32 and the P/B ratio is finally 1.73. The dividend yield amounts to 3.72 percent and the beta ratio has a value of 1.29.


Potash Corporation of Saskatchewan (POT) has a market capitalization of $36.18 billion. The company employs 5,703 people, generates revenue of $8.715 billion and has a net income of $3.081 billion. The firm’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $4.424 billion. The EBITDA margin is 50.76 percent (the operating margin is 49.41 percent and the net profit margin 35.35 percent).

Financial Analysis: The total debt represents 27.91 percent of the company’s assets and the total debt in relation to the equity amounts to 57.82 percent. Due to the financial situation, a return on equity of 42.40 percent was realized. Twelve trailing months earnings per share reached a value of $2.67. Last fiscal year, the company paid $0.28 in the form of dividends to shareholders.

Market Valuation: Here are the price ratios of the company: The P/E ratio is 15.71, the P/S ratio is 4.14 and the P/B ratio is finally 4.57. The dividend yield amounts to 2.01 percent and the beta ratio has a value of 1.04.



Take a closer look at the full list of the best yielding, most recommended Canadian dividend stocks. The average P/E ratio amounts to 19.72 and forward P/E ratio is 17.78. The dividend yield has a value of 3.86 percent. Price to book ratio is 2.06 and price to sales ratio 2.35. The operating margin amounts to 19.51 percent and the beta ratio is 1.40. Stocks from the list have an average debt to equity ratio of 1.14.

Here is the full table with some fundamentals (TTM):

Related stock ticker symbols:
PGH, PWE, BTE, CM, TU, BNS, RY, TD, MFC, RCI, ENB, IAG, CVE, BIN, TCK, ABX, TLM, PDS, UFS, POT