Q: Is there any CAD dividend stock paying over 6% yield that you feel are safe and can be invested for a long-term.
5i Research Answer:
The list of high-quality Canadian dividend names that pay above 6% yield is not that long. We show 23 companies with market caps above $2B and yields at 6% of more. We have been a fan of companies such as ENB, TRP, BNS and would be fine with these. Alternatively, we think investors can always settle for a slightly lower yield (3%-5%) and sell a small portion of the investment annually to make up the deficit in yield. In that way, the universe of high-quality names would expand much and the prospective for capital appreciation (and total returns) would also become more promising.