5 Best High Dividend Stocks in Canada for 2022

4. SmartCentres Real Estate Investment Trust (OTC:CWYUF)

Dividend Yield as of December 16: 5.95%

SmartCentres Real Estate Investment Trust (OTC:CWYUF) is one of the most significant Canadian REITs, offering a portfolio of 168 distinguished properties across the country. SmartCentres Real Estate Investment Trust (OTC:CWYUF) properties have an occupancy rate of 97.6%, with the REIT owning $10.2 billion in assets and 34.2 million square feet of income producing retail space. 

The Q3 revenue for SmartCentres Real Estate Investment Trust (OTC:CWYUF) increased 4.7% year-over-year, totaling C$195.17 million, as per the quarterly earnings reported by the company on November 10. 

On December 6, BMO Capital analyst Jenny Ma raised the price target on SmartCentres Real Estate Investment Trust (OTC:CWYUF) to C$32 from C$31 and kept a Market Perform rating on the shares.