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Best TSX Dividend Paying Companies

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Chorus Aviation is one of the ten dividend stocks that can help raise your investment income by paying sizeable dividends. These stocks are a safe bet to increase your portfolio value as they provide both steady income and cushion against market risks. Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. Here are other similar dividend stocks that could be valuable additions to your current holdings.

Chorus Aviation Inc. (TSX:CHR)

Chorus Aviation Inc., through its subsidiaries, engages in the airline business in Canada and the United States. Started in 2010, and currently run by Joseph Randell, the company currently employs 4,921 people and with the company’s market capitalisation at CAD CA$1.01B, we can put it in the small-cap group.

CHR has an alluring dividend yield of 6.71% and has a payout ratio of 41.48% , with the expected payout in three years hitting 48.04%. While CHR’s dividend has decreased from CA$0.48 to CA$1.01 over the past 10 years, they’ve at least been paying consistently in that time. The company recorded earnings growth of 73.33% in the past year, comparing favorably with the ca airlines industry average of 52.44%. More on Chorus Aviation here.

TSX:CHR Historical Dividend Yield Jun 13th 18
TSX:CHR Historical Dividend Yield Jun 13th 18

Canadian Imperial Bank of Commerce (TSX:CM)

Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to individual, small business, commercial, corporate, and institutional clients in Canada, the United States, and internationally. Founded in 1867, and now run by Victor Dodig, the company provides employment to 44,646 people and with the company’s market capitalisation at CAD CA$51.26B, we can put it in the large-cap category.

CM has a great dividend yield of 4.63% and pays out 46.95% of its profit as dividends . CM’s dividends have seen an increase over the past 10 years, with payments increasing from CA$3.48 to CA$5.32 in that time. The company has been a reliable payer too, not missing a payment during this time. Continue research on Canadian Imperial Bank of Commerce here.

TSX:CM Historical Dividend Yield Jun 13th 18
TSX:CM Historical Dividend Yield Jun 13th 18

Bank of Montreal (TSX:BMO)

Bank of Montreal provides diversified financial services primarily in North America. Established in 1817, and headed by CEO William White, the company size now stands at 45,200 people and has a market cap of CAD CA$65.45B, putting it in the large-cap group.

BMO has a decent dividend yield of 3.78% and the company currently pays out 51.04% of its profits as dividends . BMO’s dividends have increased in the last 10 years, with DPS increasing from CA$2.80 to CA$3.84. They have been reliable as well, ensuring that shareholders haven’t missed a payment during this 10 year period. Continue research on Bank of Montreal here.

TSX:BMO Historical Dividend Yield Jun 13th 18
TSX:BMO Historical Dividend Yield Jun 13th 18

For more solid dividend paying companies to add to your portfolio, explore this interactive list of top dividend payers.


To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.

The author is an independent contributor and at the time of publication had no position in the stocks mentioned.