One of the best ways to increase the value of your stock portfolio while protecting it from adverse market movements is to add dividend producing stocks that will provide you with income in any market environment. You can easily get started with this by starting up a brokerage account with Questrade. Stocks with robust dividends allow you to earn income when stock prices are moving sideways. Another benefit is it also acts as a hedge when the markets move south. Be careful though, stocks that have unusually high dividends need to pay these rich premiums to attract investors and most of the time these companies are unstable. Therefore it’s prudent to build your dividend producing portfolio with stocks that are not overvalued, and likely to hold up in adverse market conditions.

While the notional value of the dividend is important, the dividend yield will provide you with the best gauge of your return on investment. An investor can calculate dividend yield by dividing the yearly dividend by the cost to buy the stock. For example, if you paid 100 dollars for 1 share and the annual dividend is 5 dollars, then your dividend yield is 5%.

 

Using Canadian Dividend Stocks To Diversify Your Portfolio

You should also be diversifying your portfolio by adding shares of companies that are in different sectors. Ultimately if all your eggs are in one basket you run the risk of sector underperformance. While there is a multitude of sectors in the Canadian market the economy is dominated by oil and gas producers, pipeline and storage companies, major financial institutions, and investment management trust companies. Still, each of these sectors has risks.

Therefore if you would like to avoid direct exposure to oil and gas risk, you should avoid oil and gas producers and stick to pipeline and storage companies which produce income like toll operators. Banks and insurance companies along with real-estate investment have exposure to changes in interest rates, as well as swings in their own riskier investment businesses.

Enough talk about what a dividend is. If you’re searching for the best Canadian dividend stocks, you already know what a dividend is anyways. Here are Stocktrades top 17 Canadian dividend stocks for Q1 2018.

What’s new in 2018?

Along with our own opinions, we welcome the opinions of Brian Bollinger from Simply Safe Dividends, Mark from MyOwnAdvisor, Mike from The Dividend Guy, Sabeel from Roadmap2Retire and Mathieu, a frequent writer on Stocktrades and Seeking Alpha. You can check out their websites by clicking on the links or checking out their bios at the end of the article. Along with his personal opinion on the stock themselves, Brian from Simply Safe Dividends has contributed his own company profile to some of the stocks on this list, and in fact caused us to expand our list to the top 17. We’ve taken out the net revenue and profit for this year, as we feel the numbers weren’t needed to judge these stocks.

As a general disclaimer for the entire article, all of the contributors, including Stocktrades, are long on some of the stocks listed here. If you have a stock you believe should be on the list, or one that you think is overrated feel free to comment below. We review these multiple times a year. All price and stock information is accurate as of December 20th 2017.

#17 — Rogers Communications

Top Dividend Stocks For 2018 Rogers

Price on Q3 Update: N/A
Price As Of Dec 20th 2017: $64.40
Ticker: RCI-B.TO
Sector: Tellecommunications
P/E: 25.86
EPS: $2.49
Market Cap: 33.17 Billion
Dividend Yield: 2.89%
Click here to see their chart and opinions

Rogers Communications kicks off list of the top dividend stocks for 2018. Rogers Communication, Inc. is a diversified communication and media company. It is the largest wireless and cable TV provider in Canada reaching out to 95% of the Canadian population.

The company commands a 34% telecom subscriber share with 10.6 million wireless subscribers in Canada. Rogers Communication also has 1.8 million television, 2.2 million internet and 1.1 million phone subscribers. It is known for delivering the fastest internet speed to its customers.

Almost all of Rogers Communication’s business is in Canada. The company has diversified revenue streams comprising of wireless (57% of total revenue), cable (25%), media (15%) and business solutions (3%). More than 90% of total revenues are from services rendered and 8% from equipment sales.

The company has a portfolio of media assets that reaches Canadians from coast to coast. Sportsnet which is one of its TV network is the number one sports media brand in Canada. The company has the lowest churn rate amongst postpaid customers.

The company owns an extensive network infrastructure consisting of hybrid fibre-coax cable network which is highly scalable. Rogers’ multi-band LTE wireless network coverage reaches out to ~95% of Canada’s population and its prime 700 MHz spectrum covers 91% of Canada’s population.

A strong balance sheet, a huge sticky subscriber base, extensive network infrastructure and diverse businesses are Rogers Communications’ key competitive advantages.

There exists a scenario of significant growth in data consumption to the extent that the number of connected devices per home is expected to increase to 50 by 2022 from 11 today. Rogers Communication is in a good position to serve this surge in data needs.

The company has compounded its dividend by an impressive 37% over the last decade. However, the pace of growth has declined over the recent years. Rogers Communications also has a high payout ratio of 78%, but that should not be a major concern as the company’s cash flows are safe and recurring in nature.

Rogers Communication has indicated that operating profits should increase in the mid-single digit range. Since the company has a high payout ratio, most of its dividend increase will likely come from earnings. The company last raised its payout by 5% and should continue its single digit dividend growth streak in the future as well.

Brian: Rogers has paid uninterrupted dividends for more than a decade and has built a moat in the telecom space thanks to its massive subscriber base – the company is the largest wireless and cable TV provider in Canada. As a result, Rogers can invest more in its network infrastructure and marketing to fend off rivals. With an excellent balance sheet and recession-resistant cash flow, Rogers enjoys a solid Dividend Safety Score.

Mark: Rogers Communications doesn’t have the same overwhelming dividend history as BCE, let alone Canadian banks, but I think it’s a worthy telecommunications stock to own. Sure, the dividend is not hiked every year like rival Telus but dividends aren’t everything – meaning total return should be important to investors. Rogers shares are up huge in 2017 when compared to the TSX and more growth is expected going forward.

Mike: Investing in Rogers at this point is not to boost your portfolio return in the double-digit. However, if you are looking for a steady dividend-paying stock in the Canadian market that won’t let you down if the country is slowing down, Rogers can play defense for you.

#16 — Sun Life Financial

Best Canadian Dividend Stocks 2018 #15 Sunlife

Price on Q3 Update: $48.15
Price As Of Dec 20th 2017: $52.01
Ticker: SLF.TO
Sector: Financial Services/Insurance
P/E: 12
EPS: $4.34
Market Cap: 31.829 Billion
Dividend Yield: 3.75%
Click here to see their chart and opinions

In at number 16 is Sun Life Financial. The insurance giant was previously ranked number 9, but has fallen to superior competition. Sun Life Financial is a holding company that has subsidiaries that are active in the financial service space. Through its subsidiaries, the company offers a range of insurance products along with wealth management instruments to individuals and corporations. Head office is in Toronto and had net income of 2.581 billion Canadian dollars in 2016.

Sun Life is a global organization and has operations in Asia, Europe, and North America. Sun Life performs better as interest rates begin to rise. This is because they have a difficult time generating enough revenue to cover insurance policies when interests rates are unusually low. At this time the organization boasts a solid 3.9% dividend yield, making this an attractive addition to your dividend portfolio.

Mathieu: Sun Life is a well-diversified insurance company with no segment accounting for more than 40% of earnings. After the financial crisis stalled their dividend growth the company has since raised dividends twice yearly in both 2015 as well as 2016, and are well positioned to raise twice again this year.

#15 — Suncor Energy

Top Dividend Stocks for 2018 Suncor

Price on Q3 2017 Update: N/A
Price As Of Dec 20th 2017: $44.52
Ticker: SU.TO
Sector: Oil and Gas
P/E: 20.63
EPS: $2.16
Market Cap: 73.631 Billion
Dividend Yield: 3.15%
Click here to see their chart and opinions

Suncor Energy has cracked the list of our top dividend stocks of 2018. Suncor Energy is the fifth largest North American energy company and one of the largest independent energy companies in the world. Suncor’s operations include oil sands development and upgrading, offshore oil and gas production, petroleum refining and product marketing.

Suncor has classified its operations into the following segments – Oil Sands (45% of 2016 FFO), exploration and production (22%), refining and marketing (44%), and corporate, energy trading and eliminations (-10%).

As Canada’s premier integrated energy company, Suncor has an extensive history of 50 years as an energy producer. Suncor Energy pioneered commercial crude oil production from the oil sands of northern Alberta in 1967. It is largest East Coast oil producer and is currently developing Canada’s Athabasca oil sands, which is one of the world’s largest petroleum resource basins.

Suncor Energy owns a balanced mix of high-quality mining, in situ and upgrading oil and gas portfolio. The company also has a huge offshore portfolio with more than 410 million barrels of crude oil reserves in strategic geographic locations like the U.K. North Sea, Canada’s east coast and Norway. The company is focusing on core assets and is streamlining its portfolio by divesting non-core assets.

Suncor has a strong presence in the upstream, midstream and downstream parts of oil supply chain. This integrated model has helped Suncor reach an industry leading position in both funds from operations and discretionary free cash flow per barrel. Suncor Energy has consistently maintained its FFO higher than its capital and dividend requirements, providing a layer of safety for income investors.

2017 marked the 15th consecutive year of Suncor’s annual dividend increase with a 10% hike in its payout. The company has successfully managed to increase dividends despite the volatility in oil prices.

Suncor plans to achieve 10% annual growth in production from 2016-2019. Dividends are expected to grow in line with production, which implies future dividend growth rate in the high-single-digit range.

Brian: Suncor was previously a holding in Warren Buffett’s dividend portfolio, so the company’s outstanding long-term track record of savvy capital allocation is no surprise. For dividend growth investors seeking exposure to the energy sector, Suncor seems like one of the best-managed businesses to consider. The main risk to be aware of is that oil sands have traditionally faced some of the highest extraction and environmental costs, which could be troublesome if global oil prices remain very low.

#14 — Brookfield Asset Management

Brookfield Asset Management

Price on Q3 Update: $48.67
Price As Of Dec 20th: $55.36
Ticker: BMA-A.TO
Sector: Real Estate
P/E: 120.35
EPS: $0.46
Market Cap: $53.111 Billion
Dividend Yield: 1.48%
Click here to see their chart and opinions
 

Brookfield falls a spot to number 14 on this years list to no fault of their own. Brookfield is synonymous with quality and one of the world’s premier asset management companies. BAM has $250 billion+ in assets under management in 30+ countries. The company has assets under four segments; Real Estate, Infrastructure, Renewable Power, and Private Equity. BAM also has a very impressive compound annual shareholder return of 16% and is targeting 10-15% annualized growth over the long-term.

The company has over $30 billion of invested capital which generates $1.4 billion in annualized distributable cash flow. Although BAM has the lowest dividend yield of all companies on the list at 1.43%, their current payout ratio of 44% leaves ample room for continued dividend growth moving forward.

Brookfield Asset Management is a global alternative asset manager focusing on real estate, infrastructure, renewable energy as well as private equity.

Infrastructure investments accounted for the largest portion of investments at 46%, followed by real estate (21%), private equity (19%) and renewable power (14%) over the last twelve months. Over 85% of its revenues come from long-term investments.

The firm serves institutional and retail clients through its four partnerships – Brookfield Property Partners, Brookfield Infrastructure Partners, Brookfield Renewable Partners and Brookfield Business Partners. All these businesses seek to give long-term returns in the 12 -15% range.

Starting out as a builder and operator of electricity and transport infrastructure in Brazil almost 115 years ago, today Brookfield Asset Management has become a leading global asset manager with $250 billion worth of assets under management. The firm invests in large asset classes i.e. businesses worth $50-$100 billion.

Brookfield Asset Management has more than 100 offices in over 30 countries and invests in North America, EMEA, South America and Asia-Pacific regions. It acquires high-quality assets at favorable valuations and finances them through low cost, long-term capital.

The firm’s long-standing experience and reputation enable it to raise billions of dollars from institutional investors. Brookfield Asset Management is in a good position to access multiple sources of capital and allocate it to the best available opportunities globally.

Worldwide presence, a highly liquid balance sheet, strong investment expertise across asset classes and ownership of diversified assets differentiate Brookfield Asset Management from competitors.

Brookfield Asset Management has compounded its dividend in the double-digit range over the last decade and the pace has increased in the recent years (18.5% CAGR over the last three years).

The firm recently raised its payout by more than 7% and is expecting a 22% total return over the next five years.

Mike: Brookfield is an alternative asset manager with over 100 years of operation. What are alternative assets? The 4 divisions they manage: Real Estate, Infrastructure, Renewable Energy, and Private Equity. Those are interesting sectors if you are looking to diversify your portfolio in other types of industries.

Sabeel: I like to consider this as an alternative investment, based on the types of investments the company makes and the kind of exposure provided. The umbrella corporation provides exposure to global infrastructure projects and assets via BIP.UN, global real estate assets via BPY.UN, renewable energy projects via BEP.UN, and private equity.

Brian: One of the appeals of Brookfield Asset Management is its well-diversified base of assets, which span everything from infrastructure to renewable energy, real estate, and private equity. The company follows disciplined investment habits, which have enabled it to grow its dividend at a double-digit annual rate over the past decade. With plenty of capital, strong industry relationships, and financial expertise, Brookfield Asset Management is a high quality dividend growth stock that is built to last.

#13 — Enbridge

Enbridge logo

Price on Q2 Update: $50.08
Price As Of Sept 3rd: $49.42
Ticker: ENB.TO
Sector: Energy
P/E: 24.90
EPS: $1.99
Market Cap: $81.723 Billion
Dividend Yield: 4.96%
Click here to see their chart and opinions
 

Enbridge stays steady in 2018 at #13, one up from last years list. Enbridge is Canada’s largest energy company with a market capitalization of $82 billion. Enbridge breaks down operations in five segments; Liquids Pipelines, Gas Pipelines & Processing, Gas Distribution, Green Power & Transmission, and Energy Services. The company has $3.6 billion of organic growth backlog and is expecting $13 billion worth of projects to come online through 2017, each of which will drive near term cash flow growth.

Enbridge is one of Canada’s premier dividend growth companies having raised dividends for 21 consecutive years. It sports an impressive starting yield of 4.90% and has raised dividends twice in the past three quarters which is reflective of the management’s commitment to return capital to shareholders through increasing dividends. Over the medium term, management expects to grow dividends at an annualized rate of 10% through 2019.

Enbridge Inc. is the largest energy infrastructure company in North America, engaged in the collection, transportation, processing and storage of oil and gas.

Enbridge Inc. transports 28% of the crude oil produced in North America. It is Canada’s largest natural gas distributor and also transports 23% of the natural gas consumed in the U.S. The company has a huge retail customer base comprising of 3.6 million customers in Ontario, Quebec, New Brunswick and New York.

Enbridge operates through five reporting segments – Liquids Pipelines (85% of 2016 EBIT), Gas Distribution (12%), Gas Pipelines and Processing (4%), Green Power and Transmission (4%), and Energy Services (-4%).

Commodity sales accounted for 66% of total 2016 revenues, followed by transportation and other services (27%), and gas distribution sales (7%). The company typically enters into long-term contracts proving strong cash flow visibility. More than 95% of its revenue is insulated from volume and price risk.

With more than six decades of existence, Enbridge operates the world’s longest crude oil and liquids network. It also owns interests in nearly 3,000 MW of renewable generation capacity.

Enbridge owns a huge natural gas pipeline network with a total length of 205,424 miles and crude oil pipeline network of 18,666 miles. Its merger with Spectra Energy has resulted in the creation of the largest energy infrastructure company in North America.

It is difficult for new entrants to build large, balanced and diversified asset portfolio, huge customer base and an extensive network of distribution lines which provide a strong competitive moat to Enbridge’s business.

The company has paid dividends for over 64 years and raised them for 22 years in a row. Enbridge’s dividend grew by 16% CAGR over the last five years and the most recent hike was 15%.

Enbridge is expecting 10-12% dividend growth through 2018-2024, and an annualized increase of 15% in 2017.

Mark: Enbridge is an energy powerhouse in Canada and in the U.S. They deliver a diverse portfolio of energy through the following five segments: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services. They also have a renewable energy portfolio that consists of wind, solar, geothermal, and waste heat recovery facilities in Canada and in many U.S. states. Energy distribution is big business, and big business brings in big earnings. Those earnings are passed onto shareholders. They’ve paid a quarterly dividend for 64 years to its shareholders. They have plans to increase their dividend by up to 12% through 2024. You can check out more info about it here

Sabeel: Enbridge is the midstream giant and is now one of the largest energy companies in N.America after the purchase of Spectra Energy.

Brian: : As the largest energy infrastructure company on the continent, Enbridge boasts an impressive network of assets used to collect, transport, process, and store oil and gas. Enbridge enjoys long-term contracts that provide solid cash flow visibility and help shield it from volatile energy prices. In fact, the company believes more than 95% of its revenue is insulated from volume and price risk. Despite its high yield and fast distribution growth, income investors should be aware that Enbridge is structured as a conglomerate, composed of numerous subsidiary master limited partnerships (MLPs). MLPs contain a number of unique risks that investors should learn more about here.

#12 — Bank Of Nova Scotia

ScotiaBank Logo

Price on Q3 Update: $77.69
Price As Of Dec 20th 2017: $82.17
Ticker: BNS.TO
Sector: Financial Services
P/E: 12.66
EPS: $6.49
Market Cap: $98.553 Billion
Dividend Yield: 4.04%
Click here to see their chart and opinions
 

At number 12 on our list is the Bank of Nova Scotia, or Scotiabank for short. Bank of Nova Scotia is Canada’s third largest bank with a market capitalization of $93 billion. BNS also sports an attractive 3.93% dividend yield, the second highest among Canada’s “big 5” banks. BNS has successfully differentiated themselves from their peers through an intense focus on digital banking. The company is motivated by a positive client experience and a mobile first design.

Along with their peers, the company is well positioned to take advantage of rising interest rates which will help the spread on net interest income (NII) margins. The company is targeting 14%+ Return on Equity and 5-10% earnings per share growth. With a high starting yield and growing earnings, dividend investors will continue to be well rewarded with their investments in BNS.
Mark: I like owning BNS for the dividends and built-in international diversification. Bank of Nova Scotia (Scotiabank) has a global presence. They own branches and have tens of millions of assets in Latin America, across Europe, and throughout Asia. It doesn’t hurt they’ve paid dividends since 1832, and you can almost count on a dividend increase from them every single year.

#11 — Emera

Emera

Price on Q3 Update: $47.80
Price As Of Dec 20th 2017: $47.30
Ticker: EMA.TO
Sector: Utilities
P/E:17.70
EPS: $2.67
Market Cap: $10.085 Billion
Dividend Yield: 4.37%
Click here to see their chart and opinions
 

Dropping one spot from 10 to 11 on our top dividend stocks in Canada list is Emera. Headquartered in Halifax, Emera is one of Canada’s largest diversified utility companies with a market capitalization of $10 billion. The company invests in electricity generation, transmission and distribution, gas transmission and distribution, and utility energy services with a strategic focus on the transformation from high carbon to low carbon energy sources. In 2016, the company posted in excess of $1 billion in operating cash flow and their dividend is fully covered by their 90% of regulated earnings.

Their current yield of 4.37% is extremely attractive and is almost a full percentage point higher than some of their major competitors such as Fortis and Canadian Utilities. Although not as impressive as their peers as far a dividend growth is concerned, the company still has an impressive 10-year DG streak with double digit raises over the past 3 years and anticipates growing dividends by 8% through 2020.

Mark: I’m a big fan of Emera stock because of their focus on cleaner energy solutions; they have been making increased investments in wind, biomass, plus hydro and solar energy generation and transmission. I also like the juicy dividends paid by this company. Dividends paid have doubled since 2009. Emera consistently yields around 4% and on top of that, given the company’s growth prospects, capital gains will be provided as well.

Mike: An investment in EMA is an investment into a high dividend yield stock with solid perspective. The utility industry is slowly but surely growing each year and the dividend payment will continue to be increased in the upcoming years. Since EMA is continuously working on new projects, we can expect cash flow generation capacity to increase and offer shareholders more reasons to smile.

Mathieu: When compared to the other Canadian Utilities, Emera is relatively a newcomer as a dividend growth company with a modest 10 year growth streak. That being said, the company’s yield is currently the most attractive of the bunch and double digit dividend growth over the past few years is equally as impressive.

#10 — Bank of Montreal

best canadian dividend stocks for 2017 #10 BMO

Price on Q3 Update: $89.49
Price As Of Sept 3rd: $101.09
Ticker: BMO.TO
Sector: Financial Services
P/E: 12.76
EPS: $7.92
Market Cap: 65.488 Billion
Dividend Yield: 4.05%
Click here to see their chart and opinions

 

Back to number 10 on our list of the top Canadian dividend stocks of 2018 is the Bank of Montreal. The Bank of Montreal is a financial services corporation and their headquarters are located in, you guessed it, Montreal. All things considered, the company is attractive as growth is poised to increase in Canada allowing yields to move higher which benefits the financial sector. As Canadian government yields rise, Bank of Montreal will be able to borrow from the government and lend to customers, locking in attractive spreads.

At this point, the company is one of the top 10-banks in North America and produced revenues of 19.19 billion in 2016. The organization focuses its banking efforts in the retail space but has three operating groups which include personal and commercial banking, wealth management, and capital markets sales and trading. Presently the Bank of Montreal has an attractive 4% dividend yield, which means that you will collect 4% on the capital you use to purchase the stock.

Mark: This stock consistently yields about 4%, so I like the income and the long-term capital gains from this company. Bank of Montreal is the longest-running dividend-paying company in Canada. It has paid dividends since 1829! (I suspect they will continue to do so for the foreseeable future.) Beyond history, they also maintain a very conservative and sustainable dividend policy: BMO’s policy is to pay out 40% to 50% of its earnings in dividends to shareholders over time.

Mathieu: BMO, the last of Canada’s “big five” banks on this list is well positioned for future dividend growth as it has one of the lower payout ratios among its peers. Through the first half of 2017, The company has grown earnings by double digits which bodes well for continued dividend growth. Their 3-YR and 5-YR growth rates are near the bottom of their peers, thus their lower ranking.

Sabeel: The first Canadian corporation to ever pay dividends in 1829 and has not only paid dividends regularly every single quarter, but has consistently raised them too year after year. The company has a track record for just one dividend cut in the past 188 years (in 1942, during WW2). That is a track record hard to match or beat and BMO remains a bedrock in many portfolios. In fact, I started off my daughter’s Nest Egg Portfolio with this stock that I intend to keep growing for the next couple of decades, before I pass it on to her in a couple of decades.

 

Click Here To Read The Single Best Investment: Creating Wealth With Dividend Growth
 

#9 — Canadian National Railway

CN Rail Logo

Price on Q3 Update: $100.59
Price As Of Dec 20th 2017: $104.42
Ticker: CNR.TO
Sector: Industrials
P/E: 20.46
EPS: $5.10
Market Cap: $78.419
Dividend Yield: 1.67%
Click here to see their chart and opinions
 

Making the jump from 12 to 9 this year is CNR. Canadian National Railway (CNR) has the prestigious distinction of being the only transcontinental railway in North America and is the second largest publicly traded railway in North America with an $80 billion market capitalization. The company is dual-traded, which means it can be traded on both the Toronto (TSX) and New York (NYSE) stock exchanges. Over the past 5 years, the company has grown revenues at an annual compound growth rate of 6%, free cash flow by 8% and operating income by 10%. Perhaps, even more important for dividend investors, the company has an average dividend growth rate of 20% over the same period.

CNR also has the distinction of being Canada’s largest-ever IPO when the company went public back in 1995. The company is well diversified, with no revenue product lines accounting for more than 24% of total revenues. Over the past 15 years, the company is also one of the most efficient railways in North America with the lowest operating ratio of all publicly traded railways. Although their current yield of 1.66% is one of the lowest on this list, it also has the highest dividend growth rate and their low yield has been more than offset by significant share price appreciation to the tune of 337% over the past 5-years alone.

Mark: CNR owns one of Canada’s top 10 dividend growth streak at 21 years (and counting). The best part? The company has raised dividends on average by 20% over the past 10 years and the company’s yield still hasn’t climbed past 2%. This is good news, as it means the company’s share price has also risen significantly, so don’t let that sub-2% yield detract you from investing.

Mike: The management team makes sure to use a good part of this cash flow to maintain and improve their railways (their biggest expense) while rewarding shareholders with generous dividend payments. CNR has a very strong economic moat as railways are virtually impossible to replicate. Therefore, you can count on increasing cash flow coming in each year. Plus, there isn’t any better way to transport most commodities than by train

Sabeel: One of the best run North American railroad companies. Railroads are one of the strongest infrastructure plays in investing and CN is the only railroad that provides service to three coasts in N.America — Pacific, Atlantic, and Gulf coasts.

#8 — TransCanada Corp

Best Canadian Dividend Stocks 2018 TransCanada Corp. #8

Price on Q3 Update: $62.94
Price As Of Dec 20th 2017: $61.44
Ticker: TRP.TO
Sector: Oil and Gas
P/E: 29.90
EPS: $2.06
Market Cap: 53.917 Billion
Dividend Yield: 3.88%
Click here to see their chart and opinions
 

Remaining at number 8 on our list of the best Canadian dividend stocks for 2018 is TransCanada Corp. TransCanada Corp is an oil and gas pipeline company that operates in three business segments including natural gas pipeline, oil pipeline, and natural gas storage. The company has it’s headquarters in Calgary Alberta and operates throughout North America. Due to it being a pipeline company it collects like a toll operator, receiving compensation when it provides access to transport oil and gas to specific destinations. Presently pipeline transportation is booked months in advance. This means that cash flow pledged is exposed to changes due to interest rates.

The cash flows are stable, making this company an excellent dividend investment. TransCanada is an expert in power generation in Canada and the United States, as well as storage of natural gas. Therefore the price of natural gas has a large impact on the stock. Currently, the company boasts a robust 4% dividend yield.

Mark: I like the fact that TransCanada works much like a toll road operator; meaning, if you want to get your product somewhere, you’ve got to pay up first. Thanks to those ongoing tolls TransCanada can pay shareholders as well. February 2017 marked the 17th consecutive year the board of directors raised the dividend. Think about it, the sky was falling in 2008-2009 during the financial crisis and they not only kept their dividend running, they had enough cash to increase it. Don’t forget companies like TRP also provide a discount if you decide to reinvest your shares. With TRP, in particular, you’ll get a 2% discount to reinvest your common shares, it’s like a quarterly sale! You can find out more info here.

Mathieu: TransCanada is one of Canada’s top energy and infrastructure company which has rewarded investors with a 14% annual return since 2009. The company also has ambitious dividend growth goals targeting the upper-end of 8-10% return through 2020.

 

#7 — BCE

Best Canadian Dividend Stocks 2018 BCE #6

Price on Q3 Update: $61.03
Price As Of Dec 20th 2017: $60.40
Ticker: BCE.TO
Sector: Telecommunications
P/E: 18.69
EPS: $3.23
Market Cap: 54.387 Billion
Dividend Yield: 4.77%
Click here to see their chart and opinions
 

BCE loses a spot to its competitor Telus and falls to lucky number 7 on our list of the top dividend stocks in Canada for 2018. BCE is a telecommunications and cable provider focusing on wireless, internet and television services to residential, business, and wholesale customers in Canada. The company was founded in 1983, and has its headquarters in Montreal Canada, and reported 2016 profits of 2.159 billion dollars.

BCE operates in 3-segments. First, there is Bell Wireless, which provides wireless voice and data services. Secondly, Bell Wireline which provides data and satellite television. Finally, they have Bell Media which provides pay TV along with digital media and radio broadcasting. As of right now the company has a dividend yield of 4.7%.

Mark: Bell Canada Enterprises is a dividend stalwart and calls home to many institutional portfolios and pension plans in Canada. These facts in addition to BCE rewarding shareholders through a consistent (and rising) dividend over the last few decades (BCE actually started paying a dividend in 1880 according to their investor relations group), is plenty enough reason for me to be a long-term shareholder.

Mike: When you have the possibility to invest in a strong yielder such as BCE and still hope for a small stock appreciation growth, you must take a hold of it. BCE shows a well-diversified business model and will continue to generate strong cash flow in the future.

Mathieu: Canada’s largest telecommunications company, BCE, better known as Bell Canada, has the benefit of operating in a highly regulated environment. As such, they have a dominant position in Canada’s wireless and wireline landscape which has positioned them as an iconic Canadian brand. In their most recent earnings, the company delivered 17% growth in free cash flow which is great news for dividend growth investors.

Sabeel: On Telus and BCE: Both are extremely well run and enjoy an oligopoly in the space. Its a hard sector for newcomers to get into and both BCE and Telus provide investors with great current dividends and future dividend growth.

 

#6 — Telus

best dividend stocks telus

Price on Q3 Update: $45.01
Price As Of Dec 20th 2017: $47.60
Ticker: T.TO
Sector: Telecommunications
P/E: 22.45
EPS: $2.12
Market Cap: 28.3 Billion
Dividend Yield: 4.52%
Click here to see their chart and opinions
 

Telus jumps to number 6 this year on our list. A telecommunications company with its headquarters located in Vancouver British Columbia. Telus offers a multitude of products including television, phone, and internet services. They have been providing services for more than 100 years. Their dedication to offering the best services possible is showing through their 12.7 million subscribers and their consistent dividend payouts and increases. Telus has increased its dividend nearly every year since 2001, starting at $0.075 a share into its current $0.4925 today.

The company has 12.9 million customer connections, including 8.8 million wireless subscribers, 1.7 million Internet subscribers, 1.3 million residential network access lines and 1.1 million TELUS TV customers.

Wireless Services account for about 57% of total revenue, Wireline Data (residential network access lines, internet subscribers, TV subscribers) for 32%, and Wireline Voice for the remaining 11% of the total revenue.

TELUS is a leading network provider reaching 99% of Canadians with 4G LTE and HSPA+ technologies. The company’s focus on continuously improving customer experience has resulted in customers with one of the highest loyalty rates in the world.

A growing appetite for data should further support TELUS in retaining its leading market share position in the Canadian telecom industry. The telecom industry is highly capital-intensive with stringent regulations leading to high entry barriers. Pricing power, a large loyal subscriber base and extensive asset base are the company’s major competitive strengths.

TELUS has increased its dividend consecutively since 2002, growing it at more than 10% CAGR over the past decade. The company is targeting 7%-10% annual growth through 2019 as a part of its multi-year dividend growth program.

Though TELUS has a high payout ratio of 70%, recession-proof cash flows should support its dividend plan.

Mark: Telus has been a dividend stud in recent years. Telus board of directors announced some time ago their dividend growth policy – to target “ongoing semi-annual dividend increases, with the annual increase in the range of 7 to 10% from 2017 through to the end of 2019.” Although dividends from any company are never guaranteed it’s great to know the board recognizes what shareholders value.

Mike: Telus has been showing a very strong dividend triangle over the past decade. The company is able to grow its revenues, earnings and dividend payouts on a very consistent basis. Telus is very strong in the wireless industry and now booms in other growth vectors such as the internet and television services.

Mathieu: Telus currently owns a 13-year dividend growth streak with no signs of slowing down. The company is very shareholder friendly and clearly articulates its dividend policy. The company expects to raise dividends twice a year and has targeted 7-10% growth through 2019.

Sabeel: On Telus and BCE: Both are extremely well run and enjoy an oligopoly in the space. Its a hard sector for newcomers to get into and both BCE and Telus provide investors with great current dividends and future dividend growth.

Brian: The telecom industry is one of the most popular sectors for income because of its stability. As one of the largest players in Canada, Telus enjoys scale advantages and maintains a well-diversified stream of cash flow. Most telecom companies are known for high yields and low dividend growth, but Telus offers potential for the best of both worlds. The stock yields over 4%, and management targets 7-10% annual dividend growth through 2019. Investors can view our full thesis on Telus here.

 

#5 — Enbridge Income Fund Holdings

Best Canadian Dividend Stocks 2018 Enbridge #3

Price on Q3 Update: $31.13
Price As Of Dec 20th 2017: $29.80
Ticker: ENF.TO
Sector: Oil and Gas
P/E: 14.11
EPS: $2.11
Market Cap: 5.171 Billion
Dividend Yield: 6.58%
Click here to see their chart and opinions
 

Dropping one spot to number 5 is Enbridge Income Fund Holdings. ENF is a holdings company with subsidiaries that focuses on oil and gas transportation and storage. First and foremost the storage end of their business is focused on natural gas. Enbridge currently serves customers in Western Canada and North Dakota transporting crude oil and natural gas liquids.

Additionally, they also own the Alliance System’s which is a natural gas pipeline beginning near Gordondale Alberta. At this point, the fund has a dividend yield of 6.3%. Ultimately pipeline companies are more sensitive to interest rates rather than oil and gas prices. This is because they generate revenue from tolls that are being charged to move petroleum and gas through their pipeline system, and have exposure to changes in the future value of their cash flows.

Mathieu: Enbridge Income Fund has been a model of consistency over the years sporting double digit earnings and dividend growth over the past 10 years. Likewise, this monthly dividend payer currently sports a very attractive 6+% yield and they have a clear dividend policy, which is to pay out 80-90% of their rising cash flow from operations.

#4 — Royal Bank Of Canada

Best Canadian Dividend Stocks 2018 RBC #4

View our analysis of TSE:RY here
Price on Q3 Update: $92.11
Price As Of Dec 20th 2017: $102.39
Ticker: RY.TO
Sector: Financial Services
P/E: 13.55
EPS: $7.56
Market Cap: 148.756 Billion
Dividend Yield: 3.88%
Click here to see their chart and opinions

Royal bank keeps climbing our list of the best Canadian dividend stocks in 2018. You know when you’ve got a stock like RY on your list all the way down at number 4, it’s going to be a good list.

The financial services giant focuses on a range of products including banking, wealth management, insurance, and capital markets trading. At this point the company has institutional clients throughout Canada, the U.S. as well as in 37 other countries. The bank is headquartered in Toronto and had profits of 10.02 billion in 2016. Of course with RBC being a bank the stock price is sensitive to interest rates and will rise when yields begin to accelerate higher. At this time Royal Bank of Canada has a dividend yield of 3.7%.

Mark: Royal Bank has paid dividends since 1870. Since 2010, they’ve increased their dividend at least once (sometimes twice per year). The dividend payment has almost doubled in the last six years. Royal Bank has international operations in Europe, Asia, U.S. and Latin America. It’s a major multinational company to invest in, right at home.

Mike: While there are some clouds over the Canadian economy, I still believe investing in banks is a good idea. In fact, even if we hit a housing bubble burst, RY will still generate enough cash flow to keep a strong dividend growth profile. Revenues generated from the capital market and the wealth management divisions will help to smother any road bumps.

Mathieu: RBC is Canada’s largest bank by market cap and is one of the most diversified Canadian banks. Their diversification has them well positioned to weather any downturn in Canadian housing and are well positioned to take advantage of rising interest rates.

#3 — Fortis

Fortis

Price on Q3 Update: 45.66
Price As Of Dec 20th 2017: $46.23
Ticker: FTS.TO
Sector: Utilities
P/E: 18.49
EPS: $2.50
Market Cap: $19.393 Billion
Dividend Yield: 3.52%
Click here to see their chart and opinions

Fortis is one of Canada’s most notable dividend companies and their 43 years of consecutive dividend growth is second all-time among Canadian companies. This is why the company went from zero to hero in our Q1 update for 2018. How could we have not included them! The company has grown exponentially over the years and has approximately $48 billion dollars in assets across Canada, the United States, and the Caribbean. It is the largest publicly traded utility company in Canada and one of the Top 15 in North America by assets.

The company operates in a highly regulated environment which for investors translates to predictable and reliable cash flows, which is a key financial metric when analyzing dividend payments. The company exudes confidence and has demonstrated a commitment to retuning capital to shareholders through increasing dividends. Fortis currently has a very clear dividend policy and expects to grow their dividend at an annual average growth rate of 6% through 2021.

 

Mark: The dividend history of Fortis is both dependable and rare at the same time. Fortis is one of only two companies in Canada that can claim they have raised dividends, consecutively, for over 40 years. (Utility giant Canadian Utilities is the other.) Fortis sports a healthy and sustainable 3.5% + yield. Fortis has grown from about $390 million in assets to almost $48 billion today. With 3.2 million utility customers, and growing, that means more dividends for you and me.

Mathieu: Fortis currently holds Canada’s second largest dividend growth streak with an impressive 43 consecutive years of growing dividends. The company’s most recent strategy has been growth through acquisitions which have propelled the company to new heights and will drive future dividend growth.

 

#2 — Canadian Imperial Bank of Commerce(CM)

Best Canadian Dividend Stocks 2018 CIBC #2

Price on Q3 Update: $104.79
Price As Of Dec 20th 2017 $122.21
Ticker: CM.TO
Sector: Financial Services
P/E: 10.87
EPS: $11.24
Market Cap: 53.94 Billion
Dividend Yield: 4.79%
Click here to see their chart and opinions

The runner-up on our list of top Canadian dividend stocks is the Canadian Imperial Bank of Commerce. CIBC has managed to hold its 2nd place position for the 2017 3rd quarter. Above all, this giant financial institution focuses on service to individuals, small business, commercial, and corporate banking. That being said, they also service institutional clients and are active in capital markets trading.

The capital markets unit trades products such as foreign exchange, bonds, and equities around the globe. CIBC has a net income of 4.3 billion in 2016 and revenues of 15 billion. Being a bank, they obviously are affected by interest rates, and will generally perform better in a rising rate environment. Profits variation is usually predicted on revenues from the capital markets unit. At this time the company has a dividend yield of 4.8%.

Mark: Canadian Imperial Bank of Commerce has paid dividends since 1868. Although they recently announced a split from President’s Choice Financial operations, I expect their new low-cost banking division, Simplii to rival Tangerine (owned by Scotiabank). Better products and services, and a shift-to-digital should increase shareholder value. I’m glad I’m one of them.

Mathieu: Second only to TD, CIBC is well positioned to reward dividend investors. They sport the lowest payout ratio of all Canada’s big banks and their 3YR and 5YR dividend growth rates are eclipsed only by TD. The company is also trading at a greater discount to its Graham number than all of its peers and sports the lowest PE of the group.

#1 — Toronto Dominion Bank

Best Canadian Dividend Stocks 2018 TD Bank #1

View our analysis of TSE:TD here
Price on Q3 Update: $67.50
Price As Of Dec 20th 2017: $72.48
Ticker: TD.TO
Sector: Financial Services
P/E: 13.18
EPS: $5.50
Market Cap: 133.542 Billion
Dividend Yield: 3.62%
Click here to see their chart and opinions
 

The winner of our top dividend stocks in 2018 is Toronto Dominion Bank. For the 2nd year in a row TD has claimed our top dividend stock title. The financial services giant focuses on several segments which include retail, commercial banking, and credit cards. Additionally, TD bank covers insurance and wealth management.

The company has a large presence in the United States including branches that focus on personal and commercial businesses, U.S. credit cards, and Auto Finance as well the institutions investment its subsidiary TD Ameritrade Holding Corporation. The company is headquartered in Toronto and has 10.2 million online and mobile customers. The company boast a dividend yield of 3.7%.

Toronto Dominion Bank is considered America’s “most convenient bank” and serves customers through 2,400 retail locations in North America. The bank was named one of the world’s safest banks and the safest bank in Canada for the sixth year in a row by Global Finance.

The bank has a strong retail focus (91% of earnings) with customers mostly comprising of low risk businesses having stable, consistent earnings. About 61% of its total earnings comprise of Canadian retail (TD Canada Trust, TD Auto Finance Canada, TD Wealth, TD Direct Investing and TD Insurance) sector, followed by 30% U.S. retail (TD Bank, TD Auto Finance, TD Wealth, TD Ameritrade) and 9% wholesale (including TD Securities).

Toronto Dominion bank operates in 4 of the top 10 metropolitan areas and 7 of the 10 wealthiest states in the USA. It also holds #1 or #2 in market share for most retail products in Canada. The bank is well positioned to leverage new growth opportunities through its large footprint in North America.

With a 150-year old legacy, the bank is highly rated by major credit rating agencies. Good customer service and convenience, strong customer relationships and a focus on operational efficiency are Toronto Dominion Bank’s key differentiators.

The bank has increased dividends for six years in a row. It has also delivered higher earnings for the seventh consecutive year. It raised its payout by more than 12% CAGR over the last decade and 9% most recently.

Toronto Dominion Bank is targeting 7-10% adjusted EPS growth over the medium term. With a reasonable payout ratio of 45%, the bank should continue growing its future dividends in the mid-to-high single digit range.

Mark: Toronto Dominion bank has paid dividends since 1857. Like other big-five banks, I see no signs of that changing – dividends will continue to be paid and are expected to increase over time. This, Canada’s second-biggest bank, had net income close to $2.5 billion in the last quarter alone. It’s a cash machine with significant assets in the U.S. retail sector. Want U.S. banking exposure? Own TD.

Mathieu: Canada’s second largest bank by market cap, TD and its large presence south of the boarder is well positioned to take advantage of rising interest rates both sides of the boarder. The company has targeted EPS growth of 7-10% over the medium term which bodes well for future dividend increases inline with earnings growth.

Sabeel: TD shifted its sights during the global financial crisis and expanded into the US market aggressively and those moves have now been shown to be great moves as the company has gained a solid footprint in the US. The bank has performed really well over the last decade and continues to grow its earnings and dividends giving shareholders solid returns.

Brian: Toronto-Dominion is one of the world’s premier banks with nearly 25 million customers. The firm’s banking operations are conservative in nature, focusing on basic retail activities rather than riskier, more volatile businesses such as tradintg and investment banking. The bank has paid dividends since 1857, highlighting its excellent track record for managing risk, and is capable to continue increasing its payout at a high-single-digit clip going forward. Investors can view our full thesis on Toronto-Dominion here.

Click Here To Read The Little Book Of Big Dividends
 

Our Honorable Mention

We wanted every one of the stocks our contributors mentioned to be included on the list, because there are definitely more than 15 formidable dividend paying stocks on the TSX. That being said here is our list of 10 stocks that couldn’t crack the top 17, in no particular order.

Lassonde Industries (LAS.A.TO)

Mike: Lassonde’s wide variety of brands enables them to occupy an important space in grocery stores. There aren’t many consumer products in Canada that offer such great metrics. I know that the dividend yield is somewhat low (1%) but you have to keep in mind the company shows almost double digit dividend growth policy over the past 5 years and the payout ratio is still under 25%. Since there isn’t many “consumer defensive” stocks on the Canadian market, LAS.A should be on your watch list right now.

Hydro One (H.TO)

Mathieu: Hydro One is a newly minted publicly trading company and has only begun paying dividends since 2016. That being said, the company operates in a highly regulated industry which means consistent and reliable cash flow.

Intact Financial ( IFC.TO)

Mike: IFC is one of the best managed P&C insurance companies in Canada. Through a strict underwriting process and careful portfolio management, IFC has proven its value to investors over time. Since the insurance market in Canada is quite fragmented, there are plenty of possibilities for growth in the upcoming years without having real treats to IFC business model.

Power Corp of Canada (TSE:POW)

Sabeel: Power Corp is not the most popular stock that pops into retail investors’ mind when thinking of insurance firms, but the company has a good track record. It is an umbrella corporation that includes Power Financial — subsidiaries of which include Great West Lifeco, IGM Financial, Investors Group, Mackenzie Investments etc. In addition, the Power Corp owns European business interests in Pargesa etc., providing some good international diversification.

Manulife Financial (TSE:MFC)

Sabeel: Manulife Financial, which was affected by the global financial crisis like other institutions, dealt with the situation and came out fairly strong. Over the last few years, the company is focusing on growing its assets in Asia, where the demographics support the long term growth of this company.

National Bank (NA.TO)

Mike: As compared to TD and RY, National Bank is very small. As the sixth largest bank, National Bank is mostly present in Quebec with 62% of its revenues earned in this province (2016 report). Its smaller size is currently paying off as National Bank was quicker to develop a strong brand in Wealth Management with Private Banking 1859 and built a highly profitable Financial Market division.

Algonquin Power and Utilies Corp (AQN.TO)

Mark: While Emera continues to hold an interest/shares in Algonquin Power & Utilities, I believe Algonquin is more than capable of thriving on its own – the share price over the last few years has proven it. In the last four years alone, total assets have almost tripled; operating cash flow is up over 400% and total revenue is now over $1 billion from the $200 million-range. Thanks to great results and a growing customer base the dividend yield is a healthy 4% and more dividend increases are on the way.

Sabeel: AQN is the only utility company I am aware of that provides exposure to all three subsectors — electric, gas, and water. Most operations are in the US and the company has been a great performer over the past few years.

Agrium (AGU.TO)

Mike: Agrium is the largest global retailer and distributor of crop inputs. It is also the leader of agricultural nutrients providing farmers with all they need to improve their production. The company shows a less dependent link to potash prices as it counts on other products such as: seed, nutrients, crop protection, nitrogen, and other merchandise & services. It will be interesting to see the new company once it finalizes its mergers of equal with Potash (POT.TO).

Dollarama (TSE:DOL)

Sabeel: The company has been a dividend raiser for 6 consecutive years and has seen some good revenue and earnings growth recently.

What’s the biggest risk with these Canadian dividend stocks?

In conclusion, interest rate exposure is the largest risk these Canadian dividend stocks face. Recently, the Bank of Canada kept their monetary policy unchanged and is unlikely to alter rates until 2018. This is mainly because the central bank kept a modestly constructive outlook of economic growth and consumer inflation. Unfortunately, there has been subdued domestic growth. That being said, expectations of growth for Canada’s largest trading partner the United States, is improving.

The Bank of Canada’s cautious optimism is being supported by recent domestic economic data and global events. All things considered, Canada’s economy remains on the path towards sustainability, but ample uncertainties remain. Notably, ongoing political issues in the U.S. have further clouded the trade outlook as Trump’s agenda is increasingly at risk. Given these risks, it is likely that rates remain unchanged, which should buoy REITS and pipeline and storage companies. Furthermore, large financial institutions will have difficulty making income on lending, but subdued revenue in this sector should be offset by solid gains in capital markets trading.

We’d like to thank the contributors to this article

To the contributors that put the time and effort into making this top list, we thank you. We update this article quarterly, so if you are interested in contributing to the next update, shoot us an e-mail and we will get back to you ASAP.

Brian from Simply Safe Dividends

Brian Bollinger is President of Simply Safe Dividends, a company that provides online tools and research designed to help investors generate safe retirement income from dividend stocks without the high fees associated with many other financial products. Prior to starting Simply Safe Dividends, Brian was an equity research analyst at a multibillion-dollar investment firm. Brian also is a Certified Public Accountant and triple-majored in finance, accounting and entrepreneurship at Indiana University’s Kelley School of Business, where he graduated in the top 1% of his class.

Mark from MyOwnAdvisor

Mark started investing when he was in his early 20’s. Initially, Mark blindly invested most of his money into big-bank mutual funds and was paying exorbitant fees in the process. He really didn’t know how much these fees would kill his investment returns. Over the years he has read many books and paid close attention to where and how he invests his hard earned dollars. Nobody cares more about his money than he does.

Mark started MyOwnAdvisor to bring his journey to financial independence to life. Personal finance and investing has always been a growing passion for Mark and the quality of Myownadvisor shows he truly has a passion for all things investing.

Sabeel from Roadmap2Retire

Sabeel from Roadmap2Retire is a personal finance and investing blogger. A software designer by profession, he has a passion for economics, business, finance and investing. His personal financial goals are to generate enough passive income to fund his retirement, and along the journey – share his experiences and help the readers.

Mathieu from Stocktrades and Seeking Alpha

I am an individual investor and have been investing part-time for the better part of the past 10 years. I hold an MBA anddividend-paying interested in fundamental analysis. I focus on the long term and my portfolio is composed primarily of dividend paying equities. I have a moderate risk profile and I look for growth and value.

Mike from The Dividend Guy

I earned my bachelor degree in finance-marketing, own a CFP title along with an MBA in financial services. Besides being a passionate investor, I’m also happily married with three beautiful children. I started my online venture to educate people about investing and to be able to spend more time with my family. In 2016, I decided to take a leap of faith and left everything behind to travel across North America and Central America with my family. We drove through nine countries and stayed three months in Costa Rica before returning home. This was an eye-opening adventure that led me in 2017 to quit my job in the financial industry and pursue my dream; helping others with their personal finance through my investing websites. I now blog full time at The Dividend Guy Blog and help investors making smart decisions at Dividend Stocks Rock.

We hope you enjoyed this list of the best Canadian dividend stocks for 2018. If you’re looking for a broker to start investing in these stocks, check out our broker review page. Don’t forget to like, share and comment, we would love your input.

Who are your go to companies when it comes to income investing? Did we miss one, maybe two? Do you mostly agree with our list? Let us know in the comments below!

3 comments

  1. This is a great website and one of the primary websites that ignited my interest in trading both as a way to save money and as a mentally enriching hobby.
    However may I draw your attention to the misleading language used near the top of your page:
    “An investor can calculate dividend yield by dividing the capital needed to buy the stock by the value of the dividend.” This would result in people doing 100/5=20 instead of 5/100=5
    Your example is correct. “For example, if you paid 100 dollars for 1 share and the annual dividend is 5 dollars, then your dividend yield is 5%.”
    Another website correctly states: “To calculate dividend yield, use the dividend yield formula. This can be done by dividing the annual dividend by the current stock price:”
    I am convinced that the dividend yield is a useful calculation for investors to perform because on rare occasions there are some websites that can be tricked by the calendar – they may use 5 quarterly distributions if the last one happens a day early – and unrealistically skew the distribution yield upwards.
    Cheers

    1. You’re amazing Shawn! We didn’t even notice that. We are going to get it fixed up immediately and thank you for being a follower of Stocktrades.ca.

Leave a Reply

Your email address will not be published. Required fields are marked *