They maybe the highest yielding dividends in the Canadian market, but perhaps you should look at companies that have been increasing their dividends steadily over the years. Mergents dividends achievers list will give you some ideas. Also, I think BMO’s yield is up the 4% range these days.

Good point MDJ,
However, if we take BMO example, they might not have much room to increase their dividend anymore. They are the banks with the highest dividend payout. Unfortunately the past will not grant the future for any stocks

BMO “may” not pump their dividends higher due to their payout ratio, but that doesn’t mean YOU can’t pump your dividends by buying more BMO shares with the higher yield.

FJ, I you would buy more BMO stocks, you are definitely in a good timing! Most stocks are “in sale” on the market these days!

I am searching for advice in 2009….your credibility would be better if you updated your website…..i.e. BCE is still alive

Ron,

this post was written in August 2007… I will definitely take a look at creating a new one ;-0

look out our 2009 stock picking contest:
http://www.thefinancialblogger.com/4-stocks-to-consider-in-2009/

[...] Funny enough, I found more interesting dividend paying stocks in the bottom 20. So I thought I would do 2 posts and come back tomorrow with the second part of the top dividend stocks in Canada [...]

You listed Norbord NBD.TO 5.00% Yes as a dividend stock. Norbord suspended the dividend paying option in 2008 based upon their website information.

@ Vince,

you are right, but this post is dated 2007… I’ll update this chart shortly.

thx!