Canadian Dividend Stocks

Many Canadian dividend stocks offer attractive yields and boast consistent earnings power and dividend growth. One of the dividend exchange-traded funds (ETFs) that provide an exposure to the Canadian dividend universe is Horizons AlphaPro Dividend ETF (HAL.TO). This ETF trades on the Toronto Stock Exchange. It gives investors an opportunity to invest in a pool of Canadian stocks that offer long-term total returns consisting of dividend income and modest long-term capital growth.

Here is a quick glance at five such Canadian large-cap companies that offer an average yield of 4.0% and consistent dividend growth over the past five years: Enbridge Inc. (NYSE:ENB), BCE Inc. (NYSE:BCE), Transcanada Corp. (NYSE:TRP), Bank of Nova Scotia (NYSE:BNS) and Toronto-Dominion Bank (NYSE:TD).

Source: Insider Monkey

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