Get US Dividends From Canadian Stocks

Cross ListingGetting US dividends form Canadian stocks is a lot simpler than you may think even if you feel the US dollar is expensive. The strategy is simple with the right discount broker.

Why Get US Dividends from Canadian Stocks?

As a Canadian, it’s very important to realize how small our economy is. While it is a good economy, it is a small one and it is mostly focused on financial and energy blue chip stocks. It is acceptable to be proud of it but as an investor, you want to be objective and realize that you need exposure to other economies. You may choose to do it through indexes but personally, I do it by buying US companies. One key factor to buy US companies is that you need US dollars. The currency exchange rate may seem prohibitive at times but that doesn’t have to be the case.

Related: Currency Exchange with DLR and DLR.U ETF

There was a time when the Canadian dollars was at parity and it was a good time to just buy US companies. With the currency exchange, there is a ‘value’ blocker that all Canadian investors need to get over. Aside from exchanging currencies using your favorite method, you can start earning US dividends by holding Canadian stocks on a US exchange. There are many large public corporations in Canada that also trades on the New York Stock Exchange (NYSE) allowing you to earn US dividends. The dividend is also eligible for Canadian dividends since it is distributed by a Canadian company. The shares can be moved between the TSX and the NYSE through a process called journalling so you can buy them in Canadian dollars, move the shares over to the NYSE and then earn US dividends.

48 Canadian Dividend Stocks Cross Listed On NYSE

Building a cash flow in US dollars isn’t out of your reach and you can do it with your Canadian dollars. This list of companies below comes from the CDN Dividend Performance list. There might be others, but I consider those the companies worth paying attention to and some of them are the safest Canadian dividend stocks. As you can see, there are many options to earn US dividends and put it to work towards a US investment.

While all of the companies below are cross-listed stocks, not all of them declared in US dollars. Those that pay in US dollars will provide you with the expected dividend yield when held in a US account. Holding a Canadian stock on a US exchange that pays in Canadian currency will, unfortunately, trigger a currency exchange.

DISCLOSURE: Please note that links to merchants mentioned within this post might be using an affiliate link. Using an affiliate link means that, at zero cost to you, I might earn a commission if you buy something through that affiliate link.

18 US Dollar Dividend Payers

These companies will pay the expected dividend rate in US dollars. Just buy them on the Canadian side and journal them on the US account and it will start paying US dividends. Slowly, you will build your US cash account to buy US holdings without incurring a currency exchange.

ABX - Barrick Gold

Barrick Gold Corp

TSE:ABX

Market Trend

AEM - Agnico Eagle Mines Limited

Agnico Eagle Mines Ltd

TSE:AEM

Market Trend

AGU - Agrium

Agrium

TSE:AGU

Market Trend

 AQN - Algoquin Power & Utilities Corp

Algonquin Power & Utilities Corp

TSE:AQN

Market Trend

ECA - Encana

Encana

TSE:ECA

Market Trend

BAM - Brookfield Asset Management

Brookfield Asset Management

TSE:BAM.A

Market Trend

BAM - Brookfield Asset Management

Brookfield Renewable Partners LP

TSE:BEP.UN

Market Trend

BAM - Brookfield Asset Management

Brookfield Infrastructure Partners LP

TSE:BIP.UN

Market Trend

BAM - Brookfield Asset Management

Brookfield Property Partners LP

TSE:BPY.UN

Market Trend

FNV - Franco-Nevada Corp

Franco Nevada Corp

TSE:FNV

Market Trend

G - Goldcorp Goldcorp

TSE:G

Market Trend

 GIL - Gildan Activewear Inc.

Gildan Activewear Inc

TSE:GIL

Market Trend

MX - Methanex Corp Methanex Corporation

TSE:MX

Market Trend

MG - Magna InternationalMagna International Inc

TSE:MG

Market Trend

PAAS - Pan American Silver CorpPan American Silver Corp

TSE:PAAS

Market Trend

 POT - Potash CorpPotash Corporation

TSE:POT

Market Trend

 TRI - Thomson ReutersThomson Reuters Corp

TSE:TRI

Market Trend

WPM - Wheaton Precious Metals Corp

Wheaton Precious Metals Corp

TSE:WPM

Market Trend

30 Canadian Dollar Dividend Payers

These Canadian companies also trade on a US exchange and declare their dividend in Canadian dollars. When holding them on a US exchange, the Canadian dividend will be converted to US currency. You still can earn US dollars but you could also just earn Canadian dividend and wait to exchange once you have enough.

BCE

BCE

TSE:BCE

Market Trend

BMO - Small

BMO

TSE:BMO

Market Trend

BNS - Scotia Bank

BNS

TSE:BNS

Market Trend

CAE - CAE Inc

CAE Inc

TSE:CAE

Market Trend

CCO - Cameco Corp

Cameco Corp

TSE:CCO

Market Trend

CM - CIBC

CIBC

TSE:CM

Market Trend

 CNR - Canadian National Railway

Canadian National Railway

TSE:CNR

Market Trend

 CNQ - Canadian National Resources

Canadian Natural Resources

TSE:CNQ

Market Trend

 CP - Canadian Pacific Railway

Canadian Pacific Railway

TSE:CP

Market Trend

CPG - Crescent Point Energy

Crescent Point Energy

TSE:CPG

Market Trend

CVE - Cenovus Energy

Cenovus Energy

TSE:CVE

Market Trend

ENB - Enbridge

Enbridge

TSE:ENB

Market Trend

ERF - EnerPlus

Enerplus Corp

TSE:ERF

Market Trend

FTS - Fortis

Fortis

TSE:FTS

Market Trend

IMO - Imperial Oil

Imperial Oil

TSE:IMO

Market Trend

MFC - Manulife

Manulife

TSE:MFC

Market Trend

PPL - Pembina Pipeline

Pembina Pipeline

TSE:PPL

Market Trend

RBA - Ritchie Bros Auctioneers Inc

Ritchie Bros. Auctioneer

TSE:RBA

Market Trend

 RCI.B - Rogers

Rogers Communication

TSE:RCI.B

Market Trend

RY - Royal Bank

Royal Bank of Canada

TSE:RY

Market Trend

SJR.B - Shaw Communications

Shaw Communcation

TSE:SJR.B

Market Trend

SLF - Sun Life Financial

Sun Life Financial

TSE:SLF

Market Trend

STN - Stantec

Stantec Inc

TSE:STN

Market Trend

SU - Suncor Energy

Suncor Energy

TSE:SU

Market Trend

TA - TransAlta

TransAlta

TSE:TA

Market Trend

 TD - Small

TD Bank

TSE:TD

Market Trend

 TECK.B - Teck Resources

Teck Resources

TSE:TECK

Market Trend

 TRP - TransCanada Pipeline

TransCanada Corporation

TSE:TRP

Market Trend

T - Telus - Small Telus

TSE:T

Market Trend

VET - Vermilion Energy

Vermilion Energy

TSE:VET

Market Trend

Image courtesy of cooldesign / FreeDigitalPhotos.net