4 Top Canadian Dividend Stocks With the Lowest Volatility

The Canadian dividend stocks we’ve discovered are yielding over 3% with low share price volatility

SmallCapPower | April 19, 2022: During periods of elevated stock-market uncertainty, risk is mitigated through low volatility stocks with steady dividends. Today we have uncovered four Canadian dividend stocks with an average yield of 3.3% and betas below 0.3.

*Share price data and other metrics as of April 18, 2022

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Fortis Inc. (TSX:FTS) – $63.50
Utilities

Fortis owns and operates 10 utility transmission and distribution assets in Canada and the United States, serving more than 3.4 million electricity and gas customers. The Company has smaller stakes in electricity generation and several Caribbean utilities. ITC operates electric transmission in seven U.S. states, with more than 16,000 miles of high-voltage transmission lines in operation serving a peak load in excess of 23 gigawatts.

  • Market Cap: $30.3B
  • 7-Day Return:  +0.2%
  • 30-Day Return: +5.6%
  • 30-Day Average Trading Volume: 1,000,549
  • Dividend Yield: +3.3%
  • Beta: 0.1

Hydro One Ltd. (TSX:H) – $34.71
Utilities

Hydro One operates regulated transmission and distribution assets in Ontario. The area’s largest electricity provider serves nearly 1.5 million customers. Transmission accounts for roughly 60% of the company’s rate base, with distribution accounting for the remainder. Hydro One operates a small telecom business, Acronym Solutions, with annual revenue contributing less than 1% to consolidated results. The province of Ontario holds an approximate 47% common equity stake.

  • Market Cap: $20.6B
  • 7-Day Return:  0.0%
  • 30-Day Return: +6.6%
  • 30-Day Average Trading Volume: 938,857
  • Dividend Yield: +3.0%
  • Beta:0.2

Cogeco Inc. (TSX:CGO) – $81.75
Telecom

Cogeco Communications is a communication corporation. The Company is a cable operator in North America operating in Canada. It provides residential and business customers with internet, video, and telephony services with broadband fibre networks. The reportable segments of the Company are Canadian broadband services and American broadband services. In internet services, the Company offers internet packages with download speeds of up to 120mbps. In video services, the Company provides digital tier services, pay-per-view channels, video on-demand services, and 4k television, and telephony services include using internet protocol to transport digitized voice signals.

  • Market Cap: $1,187.3M
  • 7-Day Return: +5.2%
  • 30-Day Return: +5.4%
  • 30-Day Average Trading Volume: 14,074
  • Dividend Yield: +3.2%
  • Beta: 0.2

Quebecor, Inc. (TSX:QBR.B) – $31.91
Telecom

Quebecor primarily provides mobile and fixed-line telecom services in Quebec, where it is the leading telecom provider. With more than 1.8 million internet subscribers, Quebecor provides internet service to more than 60% of the homes its network passes. It also has about 1.6 million mobile subscribers, representing more than 20% wireless market share in Quebec. In addition to the “quadruple-play” services, Quebecor offers a French-language subscription video on demand service and has a media segment that owns and operates television stations, publishes newspapers and magazines, and produces and distributes films and television shows. A very small portion of Quebecor’s business engages in live event production and promotion as well as ownership of live-event venues.

  • Market Cap: $6,084.9M
  • 7-Day Return:  +4.6%
  • 30-Day Return: +8.4%
  • 30-Day Average Trading Volume: 708,104
  • Dividend Yield: +3.7%
  • Beta: 0.3

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