Canada’s Top High Yielding Dividend Stocks

 

High yielding Canadian dividend stocks. It doesn’t get any easier on the passive income front.

 

In fact, lots of investors in retirement are simply living off their dividend payments, keeping the principle of their investment portfolio intact.

 

Now, I’m not one to suggest an investor go out and find the top high yielding dividend stocks here in Canada and buy all of them. There’s typically huge warning signs when it comes to income stocks with a high yield.

 

If investing was as easy as just grabbing a bunch of dividend stocks with double-digit dividend yields, everybody would be rich.

 

However, you already know this. That’s exactly why you’ve come to this page. You want to know what the top high yielding dividend stocks are here in Canada. Ones with safe payout ratios and sustainable distributions.

 

Most of Canada’s Top High Yielding Dividend Stocks are Speculative.

 

There’s nothing wrong with this. You just have to be prepared to take on more risk, and ultimately live with a dividend cut at some point.

 

It’s safe to say that most companies cannot maintain a double-digit or even high single-digit dividend yield. There may be some times where price levels are depressed enough that an opportunity presents itself to grab a high yielding quality company on the cheap. Think of a pipeline company during the COVID-19 pandemic.

 

 

 

 

There’s no dividend that’s completely “safe”. With high yielding stocks, I could argue there’s no dividend that’s even remotely safe.

 

But, its human nature to want more, even if it stretches the limits. And for that reason, I’m going to give you some of the highest yielding dividend stocks in Canada today.

 

Continue reading …