Telus can now afford its dividend from free cash flow, indicating positive financial health.
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I'm Done Investing In Canadian Dividend Stocks
Passive Income InvestorMay 8, 2026
The creator is shifting away from Canadian dividend stocks due to stretched valuations and shrinking yields, despite a historic market rally. While acknowledging some potential value in suppressed markets, the focus is now on paying down the mortgage. The creator highlights specific companies like Fortis and Enbridge, noting their low current yields and stagnant revenue/earnings growth, questioning their recent stock price appreciation.
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Shopify has seen no growth in 5 years and still trades at a high premium.
Canadian banks have already priced in expected growth slowdowns and won't see massive rallies.
Canadian Natural Resources is a fairly valued energy growth stock with scaling production and growing cash flow, making it a buy.
Enbridge, a dividend king, offers its lowest yield historically at 5.29% with flat earnings and mid-single-digit dividend growth.
Fortis shows low single-digit revenue growth and a historically low dividend yield, making its recent stock price run questionable.
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