Introduction: Investing in foreign stocks can be an exciting way to diversify your portfolio and potentially gain from currency fluctuations. For Canadian investors looking to invest in stocks listed on the Toronto Stock Exchange (TSX) that pay dividends in US dollars, this guide will highlight some of the best options available. Whether you're seeking stable income or long-term growth, these dividend-paying stocks could be the perfect addition to your investment strategy.
Canadian National Railway (CNR): Canadian National Railway is a top choice for investors looking for a stable dividend-paying stock. With a strong track record and a solid financial position, CNR offers a dividend yield of around 2.5%. This company has consistently paid dividends since 1996, making it a reliable income generator.
Bank of Montreal (BMO): Bank of Montreal is another TSX staple that pays dividends in US dollars. As one of Canada's major financial institutions, BMO has a solid dividend yield of approximately 3.6%. The bank's dividend has been growing for years, making it an attractive option for investors seeking steady income.
Toronto-Dominion Bank (TD): Toronto-Dominion Bank, often referred to as TD, is one of Canada's big five banks. This financial institution offers a dividend yield of about 3.9% and has been increasing its dividend for several years. TD has a strong presence in both Canada and the United States, making it a versatile investment.
Suncor Energy (SU): Suncor Energy is a leading oil and gas company with a dividend yield of around 4.2%. While energy prices can be volatile, Suncor has a strong business model and a diversified portfolio that allows it to generate consistent dividends. This makes it a good long-term investment for those seeking higher yields.
Manulife Financial (MFC): Manulife Financial is a top insurance and wealth management company with a dividend yield of about 3.5%. As one of the largest insurance companies in the world, Manulife has a strong balance sheet and a commitment to increasing its dividend over time.
Brookfield Property Partners (BPY): Brookfield Property Partners is a real estate investment trust (REIT) with a dividend yield of around 3.8%. This company owns and manages a diversified portfolio of commercial properties across North America. As a REIT, it is required to distribute at least 90% of its taxable income to shareholders, making it a great source of dividend income.
Conclusion: Investing in TSX stocks that pay dividends in US dollars can offer Canadian investors a range of benefits, from diversification to potential currency gains. The companies highlighted in this article provide a mix of stability, growth, and attractive dividend yields. Before making any investment decisions, it's important to conduct thorough research and consider your own investment goals and risk tolerance.
us flag stock
our twitterr
