5 Moaty Canadian Dividend Stocks

These dividend stocks sustain cash payouts with a competitive advantage.

Andrew Willis 14 July, 2021 | 3:16AM
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Castle with Moat

It’s one thing to get a decent dividend, but it’s another to get a lasting dividend – and yet another to get one that grows. There are stocks out there that tick all the boxes, right here in Canada.

There’s five household names, that are established entities that can do what they do with dividends in part thanks to a competitive edge that’s significant, stable and often growing. This is called an ‘Economic Moat’. An important thing to note is that none of these stocks are ‘cheap’. They’re all trading at or above our fair value estimates.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Bank of Nova Scotia83.00 CAD0.78Rating
Canadian Pacific Railway Ltd93.51 CAD0.62Rating
Royal Bank of Canada132.70 CAD0.19Rating
Suncor Energy Inc29.31 CAD0.65
The Toronto-Dominion Bank90.30 CAD0.85Rating

About Author

Andrew Willis

Andrew Willis  is Content Editor for Morningstar.ca. Follow him on Twitter @AndrewWillisCDN.


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