Canadian Dividend Stocks In The TSX 60

In the Chart below we can see the Price and Dividend yield for each on of the Toronto Stock Exchange Sixty (TSX60) This is the best place to pick dividend stocks that are in the TSX and also held by major funds and Dividend ETF’s  As much as dividend stock are stocks you want to hold on to for as a long term play it’s very important where you get into or start your position from. You will want to have a macro view of the TSX (which can be found on our TSX Today Feature) to help identifiy when to get into or out of TSX listed stocks.

We like to use sound technical analysis to offer great entries and area’s where positions can be started or added to.  As much as Enerplus (ERF.to) looks attractive at 9.67 percent dividend yield looking at the chart as of writing this ( July 24th 2012) the stock itself is down more than double since last year. Not a good way to get a juicy dividend yield. How ever now may be the time to get in if you feel energy stock are set to rally in August.

ERF.to

Not only do we look at technical to give us possible entries but we also know what to look for in dividend stocks. Using the Enerplus example if you look at the past three years of dividend activity you will notice that each year they have negative dividend growth which indicates a possible cash flow problem. All the more reason not get wide eyed when a company has a nice dividend yield. The fundamental approach to choosing TSX listed stocks help preserve capital

Take some time to go through this Canadian Dividend Stock list for the TSX 60 and see what you can find