Sunday, July 25, 2010
Top Yielding Canada Stocks
Canada didn't suffer as much as the United States did during the housing crisis. It also wasn't affected as much as the States during the financial crisis. As a matter of fact, the return on the S&P 500 over the last five years is negative, whereas the iShares MSCI Canada Index (EWC) is up about 40%.
For income investors, high income Canada stocks are a good way to diversify out of US dividend stocks. Just remember that income on Canada stocks is subject to Canadian withholding tax. WallStreetNewsNetwork.com has just published a list of top yielding Canadian stocks, 15 of which yield more than 2.5%. Here are some examples:
TransCanada Corp. (TRP) is a Calgary based oil and gas pipeline company which yields 4.4%.
Royal Bank of Canada (RY) is one of Canada's major banks. This Toronto, Ontario based company yields 3.8%.
Rogers Communications Inc. (RCI), a Toronto based communications and media company, yields 3.5%.
To see a list of over 15 high yield Canada stocks, which can be downloaded, sorted, changed, and added to, go to WallStreetNewsNetwork.com.
Author does not own any of the above.