Dividend Paying Stocks

Stocks giving you back money by paying dividends !

Alimentation Couche-Tard

Banque de Montréal

Telus Communications

Algonquin Power

Canadian National Railways

Update : August 26th 2021

1

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Sector :

Consumer defensive

Why?: Alimentation Couche-Tar is planning to add EV charging stations at its convenience store locations in the US and Canada. The company is doing the same in Norway as well.

2

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Sector:

Financial Services

Why?: Its balance sheet is strong. Its annual revenue growth is impressive, and the bank managed to maintain a pretty steady net income margin for the last five years.

3

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Sector:

Communication Services

Why?: Telus is heavily investing money in the new 5G infrastructures. This is one of the reasons for the high payout ratio. As Telus’ 5G infrastructures come online, it will allow Telus to improve its quality of service and hopefully add more subscribers.

4

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Sector:

Utilities

Why?: Renewable energy is becoming more and more prominent. I particularly like that Algonquin Power has been actively investing in renewable energy facilities and increasing its renewable capacity through active acquisitions.

5

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Sector:

Industrials

Why?: CNR has a pretty low dividend yield, but the company has had a relatively high dividend growth rate over the last 5 years. It also has a 10 year dividend growth rate of 15.6% and a 15 year dividend growth rate of 15.9% and a 20 year dividend growth rate of 16%.