Canada’s top dividend stocks for Q3

Dividend growth in the Great White North beat the States for the ninth consecutive quarter

Ruth Saldanha 18 November, 2019 | 1:14AM

Canadian dollar coins laying on a map of North America

Despite the global slowdown, Canadian dividends continued to grow in the third quarter of 2019, the latest Janus Henderson Global Dividend Index finds. But the big payouts may be petering out.

“We have been cautioning investors all year that the rapid dividend growth they have enjoyed in the last couple of years was set to return to more normal levels: a softening global economy is beginning to have an impact on corporate earnings and, in turn, on dividends,” Jane Shoemake, Investment Director of Global Equity Income at Janus Henderson said, adding that for next year, slower profit growth will impact dividends.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Canadian Imperial Bank of Commerce70.38 USD1.41
Enbridge Inc43.65 CAD-0.68
Peyto Exploration & Development Corp2.21 CAD0.91

About Author

Ruth Saldanha

Ruth Saldanha  Ruth Saldanha is Senior Editor at Morningstar.ca

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