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 January 2024, the top-performing dividend-payers included Tricon Residential TCN, Leon’s Furniture LNF, and Fairfax Financial Holdings FFH.
To find the month’s top 10 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%, excluding real estate investment trusts.
The Best-Performing Canadian Dividend Stocks of January 2024
