You don’t must look far to seek out Canadian dividend shares paying engaging yields. In actual fact, a few of Canada’s largest companies pay engaging, sustainable dividends. Right here’s a listing of 5 large-cap Canadian shares you may choose up with yields over 4% proper now.

An vitality infrastructure inventory with an enormous dividend

With a market cap of $110 billion, Enbridge (TSX:ENB) is the third largest TSX-listed firm in Canada. With a worth of $54.50, this dividend inventory earns an enormous 6.4% dividend yield.

Enbridge operates an irreplaceable portfolio of vitality infrastructure property. The truth that it helps transport and export 30% of the oil produced in North America signifies how important this enterprise is.

Enbridge has labored arduous to diversify its enterprise over time. It’s now a considerable participant in pure fuel transmission and distribution, but it surely additionally has a big renewable energy portfolio. The corporate expects to develop money flows by 5-7% for the following two years, and dividend development is prone to comply with on the decrease finish of that vary.

A Canadian vitality main

One other dividend inventory with a extra singular deal with vitality manufacturing is Canadian Pure Assets (TSX:CNQ). With a market cap of $88 billion, it’s the largest vitality inventory in Canada. With a worth of $79.50 per share, it has a 4.2% dividend yield.

Canadian Pure is a best-in-class vitality operator. It produces practically 1.3 million barrels of oil equal per day. It has decades-long reserves and has a really low price of manufacturing (it’s free money circulation constructive at lower than US$30 per barrel).

Final 12 months, CNQ raised its dividend twice and paid a particular dividend. Given its shortly enhancing stability sheet, additional shareholder rewards are seemingly on the way in which this 12 months.

A pacesetter in renewables

In the event you don’t like oil shares, Brookfield Renewable Companions (TSX:BEP.UN) is international chief in renewable energy. At a worth of $39 per share, it has a market cap of $32 billion, and it earns a 4.4% distribution yield.

BEP has confronted some near-term headwinds as a consequence of macro and environmental points (low hydrology for its hydro property), and the inventory has offered off. Nonetheless, it trades at a extra cheap valuation in the present day.

BEP has over 21 gigawatts of energy capability in its portfolio. Its growth pipeline is 5 occasions that dimension. This could assist years of regular earnings and dividend development.

A large Canadian financial institution inventory for dividends

If vitality isn’t your factor, why not contemplate Toronto-Dominion Financial institution (TSX:TD). With a market cap of $163 billion, it’s the second-largest inventory in Canada. With a worth of $89.80, this inventory yields a 4.3% dividend. Its five-year common dividend yield is 3.88%, so that implies the shares are an honest worth in the present day.

TD is the biggest retail financial institution in Canada. It additionally has a robust stake within the Jap U.S. banking market. TD is thought for its well-capitalized stability sheet and its typically prudent lending practices.

TD has paid and grown its dividend for nearly three a long time. Given some latest acquisitions within the U.S., additional earnings and dividend development is probably going.

A high Canadian telecom

TELUS (TSX:T) is the ultimate blue-chip inventory to think about for a pleasant dividend yield. It has a market cap of $40.5 billion. At $28.40 per share, it earns a 4.9% dividend yield.

TELUS is the second-largest telecommunications enterprise in Canada. It has persistently been a frontrunner in buyer and earnings development within the house. TELUS is exclusive. It has differentiated itself from its friends by constructing out a number of digital vertical companies in healthcare, agriculture, and enterprise/buyer expertise companies.

This dividend inventory grew its dividend by 7% final 12 months. It expects elevated high-single-digit dividend development over the approaching few years. TELUS is a superb wager for a stable dividend and a few cheap development forward.