Income Investors: Which Are Top 5 Dividend Stocks On TSX?
While year 2020 is done and gone, the COVID-19 pandemic isn’t. Investors continue to seek
options to raise gains and that puts dividend-paying stocks in demand. Here’s a look at some
top dividend paying TSX stocks to explore in 2021.
1. Enbridge
Enbridge, the Canadian oil and gas supplier, has been distributing dividends for over 65
years now. Despite COVID circumstances, the company consistently continued to pay its
shareholders, thereby trending on the TSX. It pays a quarterly dividend of C$ 0.835 and
currently yields 7.8 per cent*.
2. Pembina Pipeline Corporation
Pembina Pipeline saw a dividend growth of 6.5 per cent over the last three years and
by 6.7 per cent in the last five years. The pipeline company’s currently pays a monthly
dividend of C$ 0.21 and currently yields 7.4 per cent.
3. TC Energy Corporation
Calgary-based TC Energy Corporation recorded a dividend growth increase of 7.9 per cent
in the last three years and that of 8.9 per cent in the last five years.
The Keystone pipeline operator distributed quarterly dividend of C$ 0.81, payable on
January 29. The dividend yield stands at 6 per cent*.
4. Labrador Iron Ore Royalty Corporation
Labrador Iron Ore is paying quarterly dividends of C$ 1.8 to its shareholders. The Canadian
corporation recorded a dividend growth of 7.65 per cent over the last five years. Labrador
Iron stocks currently hold a dividend yields a massive 21.53 per cent and is a part of
TSX’s Top dividend stocklist.
5. Keyera Corp
Keyera Corp approved a monthly dividend of C$ 0.16 in November last year, which will
be distribted on the 15th of this month. Currently reflecting an yield of 7.9 per cent, Keyera
dividends show a three-year growth of 5 per cent and a five-year growth of 6.3 per cent.
*All details as per TMX data
Disclaimer: Any advice in this video is general in nature and does not take into consideration
your personal objectives, financial situation or needs.