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25 Best Canadian Dividend Stocks for U.S. Investors

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Novice income investors often look for the highest-yielding dividend stocks, thinking more is more. What they fail to realize is that’s a much riskier proposition than finding companies with more reasonable current yields that consistently grow their payouts over time.

In the U.S., the most hallowed group of dividend raisers are the Dividend Aristocrats – a group of 53 stocks that have improved their annual payout every year for at least 25 consecutive years. But America isn’t the only part of the world with Aristocrats – Europe has them, and so does our neighbor to the north. In fact, there are 78 Canadian Dividend Aristocrats.

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Qualification for aristocracy in Canada is a little different and less stringent. A member stock must be listed on the Toronto Stock Exchange and a member of the S&P Canada BMI (Broad Market Index), it must increase its annual payout for five consecutive years (it can maintain the same dividend for two consecutive years) and have a float-adjusted market cap of at least C$300 million.

We’ve trimmed the list down to 25 Canadian dividend stocks better suited for American investors. The following 25 Canadian Dividend Aristocrats are easier to buy, as they’re listed on either the NYSE or Nasdaq, and we’ve raised the bar to a seven-year minimum of consecutive payout hikes. Here they are:

SEE ALSO: 20 Dividend Stocks to Fund 20 Years of Retirement

Data is as of Sept. 28, 2018. Dividend yields are calculated by annualizing the most recent quarterly payout and dividing by the share price. Dollar figures are in U.S. dollars unless otherwise indicated; the exchange rate as of Oct. 1, 2018, is 1.28 Canadian dollars for every U.S. dollar. Analysts’ opinions provided by The Wall Street Journal.

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