Canadian Stocks Offer High Dividend Yields

Many large Canadian companies pay safe, regular dividends. Here are ten such stocks with current dividends greater than two percent. Most of these stocks are on the price downside so use caution.

10 Canadian Dividend-Paying Stocks
Company & Web Site	Quote	Dividend and Yield	Businesses and Products
Bank of Montreal	BMO.TO	$2.80 (6.68%)	Banking and investment services. More
Bank of Nova Scotia	BNS.TO	$1.88 (4.12%)	Diversified financial services. More
Canadian Imperial Bank of Commerce	CM.TO	$3.48 (5.65%)	Diversified financial services. More
Manitoba Telecom Services	MBT.TO	$2.60 (6.54%)	Communications (phone, Internet. television and more) provider. More
Royal Bank of Canada	RY.TO	$2.00 (4.22%)	Diversified financial services. More
Russel Metals	RUS.TO	$1.80 (7.17%)	Metals distributing and processing. More
Teck Cominco	TCKa.TO	$1.00 (2.06%)	Mining of zinc, copper and metallurgical coal. More
Toronto-Dominion Bank	TD.TO	$2.36 (3.72%)	Global banking, investment and brokerage services. More
TransAlta	TA.TO	$1.08 (3.15%)	Electric generation and energy marketing. More
TransCanada	TRP.TO	$1.44 (3.59%)	Pipeline and energy operations. More
Note: Dividend data from reuters.com as of March 12, 2008. Prices in Canadian dollar.

For more about dividends and dividend reinvesting, see the buyupside.com miniDividend Book, a quick but comprehensive read.

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Updated April 2, 2008.