Dividend-paying stocks that combine healthy balance sheets with hefty yields can provide investors with steady incomes, cushion against market downturns, and grow investments at a healthy clip.
In the first quarter of 2024, the top-performing dividend-payers included copper company Lundin Mining LUN, oil and gas exploration and production company Peyto Exploration & Development PEY, and oil and gas exploration and production company Tamarack Valley Energy TVE.
To find the quarter’s 10 best-performing income-focused stocks, we screened the Morningstar Canada Index—which measures the performance of Canada’s broad regional markets, targeting the top 97% of stocks by market capitalization—for companies with a forward dividend yield of at least 1.5%, excluding real estate investment trusts.
The Best-Performing Canadian Dividend Stocks of Q1 2024
- Lundin Mining LUN
- Peyto Exploration & Development
