5 Best High Dividend Stocks in Canada for 2022

Page 1 of 5

In this article, we discuss the 5 best dividend stocks in Canada for 2022. If you want our detailed analysis of these stocks, go directly to the 10 Best High Dividend Stocks in Canada for 2022

5. Capital Power Corporation (OTC:CPXWF)

Dividend Yield as of December 16: 5.65%

Capital Power Corporation (OTC:CPXWF) reported its Q3 earnings on October 27, posting an EPS of C$0.23. The revenue fell 16.8% year-over-year, equaling C$377 million. Capital Power Corporation (OTC:CPXWF) is an independent power company based in Edmonton, and operates by acquiring a portfolio of power generation facilities that use multiple energy sources for providing about 5,100 megawatts of power. 

Payable on January 31, 2022, Capital Power Corporation (OTC:CPXWF) announced a quarterly dividend of C$0.5475 on October 26, for stakeholders of record on December 31. 

BMO Capital analyst Ben Pham lowered the price target on Capital Power Corporation (OTC:CPXWF) on December 3 to C$42 from C$43 and kept a Market Perform rating on the shares.

With a forward yield of 5.65%, Capital Power Corporation (OTC:CPXWF) is one of the top high dividend stocks in Canada for 2022. 

Page 1 of 5