6 Best Canadian Dividend Stocks For U.S. And Canadian Investors

Today we go to the north of the border to find some of the best dividend stocks Canada has to offer. Each of these stocks is listed on an American Exchange as well as a Canadian Exchange, and is therefore easily bought and sold by both my US and Canadian readers.

These 6 stocks have been shortlisted for their dividend yield, a solid dividend coverage, and their current valuations based on key ratios such as Price to Earnings and Price to Book Value. A further study of these 6 ideas is sure to uncover a great investment or 2 to add to your portfolios. Please note that each stock in this list has a dividend coverage under 40%: Bank of Montreal (NYSE:BMO), Bank of Nova Scotia (NYSE:BNS), Sun Life Financial Inc (NYSE:SLF), Brookfield Canada Office Properties (NYSE:BOXC), Mercer International Inc (NASDAQ:MERC) and TransAlta Corp (NYSE:TAC).

Source: Seeking Alpha

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