5 Canadian Dividend Stocks for Steady Income

In this article, we discuss 5 Canadian dividend stocks for steady income. To check out more Canadian dividend payers, click 10 Canadian Dividend Stocks for Steady Income. 

5. Russel Metals Inc. (OTC:RUSMF)

Number of Hedge Fund Holders: N/A

Dividend Yield as of April 1: 4.63%

Russel Metals Inc. (OTC:RUSMF) is a Mississauga-based metal distribution company operating in North America. The three segments at Russel Metals Inc. (OTC:RUSMF) include Metals Service Centers, Energy Products, and Steel Distributors. The company provides steel products to multiple industries including machinery and equipment manufacturing, construction, ship building, and natural resources. 

On February 10, Russel Metals Inc. (OTC:RUSMF) declared a quarterly per share dividend of C$ 0.38, in line with previous. The dividend was paid to shareholders on March 15. The stock delivers a dividend yield of 4.63% as of April 1. 

Stifel analyst Ian Gillies on March 30 maintained a Buy recommendation on Russel Metals Inc. (OTC:RUSMF) and raised the price target on the shares to C$37.25 from C$36.