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 August 2024, the top-performing dividend-payers included independent power producer TransAlta TA, gold company Lundin Gold LUG, and gold company Dundee Precious Metals DPM.
To find the month’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 August 2024
1. TransAlta TA
2. Lundin Gold LUG
3. Dundee Precious Metals DPM
4. iA Financial Group IAG
5. Quebecor QBR.B
6. Canadian Imperial Bank of Commerce CM
7….
