By generation type, TC’s assets can be divided into nuclear, natural gas and wind. Investment DataOpportunity Score: 70Ticker: TSE:ftsSector: UtilitiesIndustry: Utilities - Regulated ElectricMarket Cap: 23.77BP/E: 19.24Dividend Yield: 3.95%Payout Ratio (Earnings): 75.94%Canadian Dividend Aristocrat: YESChowder Score: Members OnlyRevenue Growth: Members OnlyDividend Growth: Members OnlyDividend Growth Fit: 6/10Dividend Income Fit: 7/10 Get your list of STRONG Dividend Growth StocksQuestrade offers the cheapest trades! Canadian Utilities is one of the largest utility companies in Canada. Disclaimer: Wealth Awesome strives to keep its information accurate and up to date. Fortis’ assets can be divided into electric (~80% of asset mix), gas, and non-regulated energy infrastructure. I recently updated this article for 2020, replacing three of the names with new ones, to try to identify some of the best stocks for 2020 and beyond. Royal Bank is a global enterprise with operations in Canada, the United States, and as we'll see the importance of later, 40 other countries. But those in the know have it so much simpler thanks to the rare but revered breed of monthly dividend stocks. The US accounts for about 60% of Fortis’ business while Canada constitutes the remaining 40%. Be sure to come back, or better yet, follow the top 10 with the Canadian Dividend Screener. In fact, I have tried all of the investment services for dividend investors like a crash test dummy of investment services. 3M. By geography, the US is its largest market accounting for 67% of 2018 revenues, followed by Europe (20%) and Canada (13%). Canadian Utilities has core investments in electricity, pipelines & liquids and retail energy business units, as well as its international operations in Australia and Latin America. Its segments are Electricity (70% of 2018 earnings), Pipelines & Liquids (40%) and Corporate & other (-10%). As a growing renewable energy company, Algonquin Power owns a strong portfolio of long term contracted wind, solar and hydroelectric assets with 1.5 GW of total installed capacity. It is a subsidiary of ATCO. Dividend Yield: 3.7% Annual Dividend Increases: 61. We chose these stocks not just because they pay well, but also because they have a history of dividend stability as well as a little growth. ATCO owns an impressive asset base comprising of 21 power plants with a generation capacity of 2500+ MW, 87,000 km electric power lines, huge hydrocarbon storage capacity, 64,500 km natural gas pipelines, etc. The firm is highly diversified by sectors and geographies which reduces volatility and safeguards against any market fluctuation. With an outrageous dividend streak of over 190 years, BMO tops my list of most reliable Canadian dividend stock. It supplies more than 25% of natural gas consumed daily across North America. Make sure to buy them through a commission-free trading platform so you don’t burn all of your cash on fees. Ownership of low-risk regulated cost-of-service businesses and long-term contracted energy infrastructure assets differentiate TC Energy from its peers. In this article, let’s take a look at the Top 30 Canadian Blue Chip stocks you should own in 2020.. This top Canadian dividend stock … The third-largest beer maker in the world, Molson Coors Brewing Co (NYSE:TAP) tops the list of the 10 best Canadian dividend stocks to buy and hold. Emera Inc. has operations in Canada, the USA and in four Caribbean countries. There’s a reason why 10.5 million shares of Suncor stock has been purchased by Warren Buffett earlier this year. About 99% of the company’s utility assets are regulated and it operates through regulated independent electric transmission (32% of 2018 earnings), regulated US electric & gas (33%), regulated Canadian & Caribbean electric & gas (40%), and non-regulated energy infrastructure (-5%) business segments. It operates through 10 utility companies such as ITC, UNS Energy, Fortis Alberta, Fortis BC, etc. The top 10 stocks identified above are based on a score calculated using a number of financial data points from the companies. The USA, Canada and Mexico are its core geographies and the company has access to North America’s two most prolific natural gas supply basins. With most of its revenue coming from regulated rates, Fortis has a benefit of being a very low-risk stock, clocking in at an extremely low 0.14 beta. The company has more than 50 power generation facilities and 20 utilities across North America. The company owns an extensive network consisting of 87,000 km electrical powerlines, 64,500 km pipelines, 21 global generating plants, water infrastructure capacity of 85,200 cubic meters per day, and natural gas and hydrocarbon storage capacities. ITC Holdings is the largest independent electricity transmission company in the U.S. Fortis caters to 3.3 million utility (2 million electric utility customers and 1.3 million gas utility customers) across North America. A share’s price does not reflect its affordability. The company is one of the largest food retailers in Canada.The company operates through more than 600 food stores operating under the banners Metro, Metro Plus, Super C, Food Basics and Adonis. Scotiabank stock has been performing well. The firm acquires good quality businesses, restructures its operations and subsequently sells them. 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