Cheapest Canadian Dividend Stocks

Canada is one of the few developed nations that are a net exporter of energy. Canada also exports motor vehicles and parts, industrial machinery, aircraft, telecommunications equipment and electronics. The U.S. is by far its largest trading partner, accounting for about 79% of exports. The government has a debt level of 84% of GDP and the government's budget has a little deficit of 2.1% of GDP. Reason enough to look for investment alternatives outside the United States.

I screened Canadian stocks listed in America. Such companies are American Depositary Receipts (ADRs). Here are the best stocks from my screening results with cheap price ratios as well as a dividend yield of more than 2%:
1. Sun Life Financial (SLF)
2. The Cash Store Financial Services (CSFS)
3. Manulife Financial (MFC)
4. Methanex (MEOH)
5. Magna International (MGA)

Source: Guru Focus

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