Latest Reports on Top Dividend Stocks CIBC, Rogers Communications, Fortis and TELUS

NEW YORK, NY / ACCESSWIRE / August 22, 2016 / As interest rates have been trending towards record lows around the world, Canadian investors have flocked to high yielding dividend stocks. In the United States, the yield on the benchmark 10-year Treasury bond has fallen from roughly 2.37 percent in January to roughly 1.60 percent in July. Industries that offer a high dividend yield, such as banks, real estate trusts and telecommunications, have been attractive to investors as their returns far surpass the yields on risk-free government debt. For example, the yields on Canadian banks have averaged roughly 1.35 percentage points more than 10-year government bonds over the past decade. Currently, dividend yields on Canadian banks offer investors a yield 3.0 percentage points higher than 10-year government bonds. Register with us now for your free membership and gain access to our latest reports at: www.rdinvesting.com/subscribe-today/.

Canadian Imperial Bank of Commerce (TSE: CM)

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CIBC’s shares increased 0.46 percent to close at $100.15 a share Friday. The stock traded between $99.13 and $100.21 on volume of 696,706 shares traded. On May 26th, CIBC announced that its Board of Directors declared a dividend of $1.21 per share on common shares for the quarter ending July 31, 2016, which was an increase of $0.03 from the previous quarter. Shares of Canadian Imperial Bank of Commerce have gained approximately 9.8 percent year-to-date and are up roughly 1.7 percent in the past month.

Rogers Communications Inc. (TSX: RCI.B)

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Rogers Communications’ shares increased 0.30 percent to close at $56.95 a share Friday. The stock traded between $56.58 and $57.17 on volume of 595,608 shares traded. On August 11th, Rogers Communications’ Board of Directors declared a quarterly dividend of $0.48 per share on each of its outstanding Class B non-voting shares and Class A voting shares. The quarterly dividend will be paid on Oct. 3, 2016, to shareholders of record on Sept. 11, 2016. Shares of Rogers Communications have gained approximately 19.3 percent year-to-date and are up roughly 7.25 percent in the past month.

Fortis Inc. (TSX: FTS)

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Fortis’ shares gained declined 0.14 percent to close at $42.95 a share Friday. The stock traded between $42.60 and $43.14 on volume of 758,906 shares traded. On July 28th, the company announced a dividend of $0.375 per share on the issued and outstanding fully paid Common Shares of the Corporation, payable on September 1st, 2016 to the Common Shareholders of record at the close of business on August 19th, 2016. Shares of Fortis have gained approximately 14.8 percent year-to-date and have fallen roughly 0.7 percent in the past month.

TELUS Corporation (TSE: T)

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TELUS’ shares increased 0.09 percent to close at $43.15 a share Friday. The stock traded between $42.84 and $43.25 on volume of 444,495 shares traded. On August 5th, Telus Corp. declared a quarterly dividend of $0.46 per share on its issued and outstanding common shares, which is payable on Oct. 3rd, 2016, to shareholders of record at the close of business on Sept. 9th, 2016. Shares of TELUS have gained approximately 12.8 percent year-to-date and are up roughly 0.10 percent in the past month.

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