High Yield Stocks From Our Neighbor to the North

What is happening in Canada? If you look at the iShares MSCI Canada Index Fund (EWC) over the last year, it is up over 22%. Canada has weathered the banking crisis and housing crisis much better than the United States. Fortunately for income investors looking for diversification, our northern neighbor has over a dozen stocks with yields above 3% according the recently updated free list of top yielding Canadian stocks at WallStreetNewsNetwork.com.

Royal Bank of Canada (RY) is one of Canada's major banks, based in Toronto, Ontario and yields 3.8%. Jim Cramer mentioned it on Mad Money today as a bank worth investing in and a much better alternative to British banks. The stock trades at 11.2 times forward earnings.

TransCanada Corp. (TRP) is a Calgary based oil and gas pipeline company which yields 4.4%. The stock has a forward price to earnings ration of 16.7. The stock just hit a 52 week high last Friday.

Rogers Communications Inc. (RCI), a Toronto based communications and media company, yields 3.5% and trades at 10.5 times forward earnings. It is interesting to note the the company has increased dividends every quarter since 2008.

To see a list of over 15 high yield Canada stocks, which can be downloaded, sorted, changed, and updated, go to WallStreetNewsNetwork.com.

Disclosure: Author did not own any of the above at the time the article was written.

By Stockerblog.com