The 2023 top-tier dividend grasp class notched a median yield of three.33%. Identical to in 2022, Labrador Iron Ore’s 11% yield performed a “bit half” within the total yield. The second-tier shares produced a median yield of two.53%. Not precisely stratospheric returns. Provided that two-year, risk-free Authorities of Canada bonds are posting yields round 3.6% doesn’t assist the worth proposition of holding riskier dividend shares.
Here’s a have a look at how the highest dividend-paying Canadian shares did final 12 months. Rank 1 by way of 10 are categorized as tier 1 (proven in inexperienced under), and 11 by way of 20 are tier 2 (proven in purple).
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Finest dividend shares in Canada: Previous efficiency tier 1 and tier 2
| wdt_ID | Rank | Image | Firm | Stability rating | Dividend rating | Valuation rating | Whole rating |
|---|---|---|---|---|---|---|---|
| 1 | 1 | CNQ-T | Canadian Pure Sources Ltd. | 1.2 | 7.2 | 4.8 | 13.2 |
| 2 | 2 | WFG-T | West Fraser Timber CO Ltd | 8 | 4.8 | 0.8 | 13.6 |
| 3 | 3 | LIF-T | Labrador Iron Ore Royalty Corp | 10.8 | 2 | 4.2 | 17 |
| 4 | 4 | YRI-T | Yamana Gold Inc | 1.6 | 2.4 | 18 | 22 |
| 5 | 5 | GSY-T | Goeasy Ltd | 8.8 | 2.8 | 10.6 | 22.2 |
| 6 | 6 | QBR-B-T | Quebecor Inc Cl B Sv | 14.4 | 0.8 | 9.6 | 24.8 |
| 7 | 7 | TECK-B-T | Teck Sources Ltd Cl B | 14 | 9.6 | 2.8 | 26.4 |
| 8 | 8 | ECN-T | Ecn Capital Corp | 6 | 1.2 | 21.4 | 28.6 |
| 9 | 9 | CJT-T | Cargojet Inc | 6.4 | 16.8 | 5.4 | 28.6 |
| 10 | 10 | CTC-A-T | Canadian Tire Corp Cl A NV | 21.2 | 8.8 | 6.4 | 36.4 |
| 11 | 11 | MFC-T | Manulife Fin | 15.6 | 17.2 | 3.6 | 36.4 |
| 12 | 12 | CIGI-T | Colliers Worldwide Group Inc | 0.8 | 10 | 25.8 | 36.6 |
| 13 | 13 | ABX-T | Barrick Gold Corp | 20 | 3.2 | 13.6 | 36.8 |
| 14 | 14 | ATD-T | Alimentation Couche-Tard Inc. | 16.4 | 6.4 | 15.4 | 38.2 |
| 15 | 15 | WPM-T | Wheaton Valuable Metals Corp | 12.4 | 6 | 20 | 38.4 |
| 16 | 16 | BMO-T | Financial institution of Montreal | 4.4 | 30.4 | 5 | 39.8 |
| 17 | 17 | AEM-T | Agnico Eagle Mines Ltd | 13.2 | 4.4 | 23.2 | 40.8 |
| 18 | 18 | ONEX-T | Onex Corp | 3.2 | 10.4 | 28.2 | 41.8 |
| 19 | 19 | TRP-T | Tc Vitality Corp | 6.8 | 18.8 | 17 | 42.6 |
| 20 | 20 | BDGI-T | Badger Infrastructure Options Ltd | 2.8 | 13.6 | 26.4 | 42.8 |
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Learn extra on investing:
- The MoneySense Glossary for private finance and investing phrases—for Canadians
- The perfect TFSAs in Canada
- Making sense of the markets this week’
- The perfect ETFs in Canada
The submit Dividend All-Stars 2023: Previous efficiency appeared first on MoneySense.
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