Safe Dividend Payings Stocks in Canada

Picking a stock on the TSX that both pays a nice dividend and will consistently provide it can be difficult in today's environment. Below I have tried to assemble a list of dividend payers that have a high, safe yield as well as a stable payout ratio. In order to make them 'safe', I have chosen sectors that traditionally do not see much damage in the event of further downturn. I have tried to exclude income trusts as I have written seperate articles on them in the past. Additionally, I feel that no income trust in Canada may be 'safe' due to upcoming rule changes.

Stable Canadian Dividend Stocks

NAME	SYMBOL	YIELD	PAYOUT RATIO	SECTOR	PRICE/BOOK
Canadian Utilities	TSE: CU	3.5	37%	Utilities	1.53
North West Company	NWF.UN	7.5	86%	retail	3
Pacific Northern Gas	png	5	52.80%	Gas Utility	0.94
Power Corp of Canada	POW	3.8	66%	Management	1.53

This list is current as of March 2010. As always, you should read our financial disclaimer linked below.

Disclosure: I own shares of Canadian Utilities TSX: CU