The
S&P/TSX Composite Index has a plentiful array of great dividend stocks. Canadian investors love their predictable dividend income streams! Who can blame them? When GICs are earning a negative yield after inflation, who doesn’t enjoy tax-efficient monthly or quarterly dividend cheques?
Yet yields on the TSX are compressing. Global investors are starting to warm up to Canada’s cash-yielding energy, financial, materials, and real estate sectors. Many bond investors have no choice but to look to higher-yielding, risk-on equity assets.
As a result, I believe Canada’s top dividend stocks will continue to rise in value and their yields will compress. If you want to lock in some of the highest and safest dividends on the TSX today, here are three stocks that look attractive today.
Monthly Income: Why NorthWest Healthcare (TSX:NWH UN) Is a Must-Buy Now
fool.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.ca Daily Mail and Mail on Sunday newspapers.
3 Insanely Cheap Canadian Stocks to Buy in a Crazy-Expensive Market
fool.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.ca Daily Mail and Mail on Sunday newspapers.