10 Best Canadian Dividend Stocks To Buy and Hold

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  1. Encana Corp (USA) (NYSE:ECA)
  2. – Owned by 24 Hedge Funds

    – 0.60% Dividend Yield

    Natural gas producer Encana Corp (USA) (NYSE:ECA) ranks seventh on the list of the 10 best Canadian dividend stocks to buy and hold. While the stock’s forward yield is a rather paltry 0.60%, there is alot of potential upside with this stock. Raymond James has an ‘Outperform’ rating on it and likes the company’s more focused portfolio of assets. In that vein, Encana sold off its assets in Colorado for $735 million in June, which included 3,100 natural gas wells and 550,000 acres of land, as it continues to narrow its focus to four key plays: the Permian and Eagle Ford in Texas, and the Montney and Duverney in B.C.

    Countries with Highest Natural Gas Reserves

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    Follow Encana Corp (NYSE:ECA)

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