TELUS Corp. (TSX: T, NYSE: TU)

Dividend Yield: 4.0%

Recent Price: C$42, US$32

Fair Value: C$50, US$38

Telus is one of the top telecommunications operators in Canada with a core focus on the fast-growing areas of mobile telecommunications and high-speed Internet.

The company has an exceptional dividend- payment track record with prospects of further good growth ahead.elus is one of the top telecommunications operators in Canada with a core focus on the fast-growing areas of mobile telecommunications and high-speed Internet.

Although the balance sheet is somewhat stretched, the business continues to produce ample cash flow, which is used to finance capital expenditures, dividend payments and the share-repurchase program.

The stock is attractively priced both in absolute terms and relative to its peers.

InnVest REIT (TSX: INN-U, OTC: IVR.F)

Dividend Yield: 7.6%

Recent Price: C$5.35, US$4.00

Fair Value: C$6.31, US$4.82

The company is one of the top Canadian hotel landlords with well-known brands such as Fairmont, Comfort Inn and Delta in the portfolio.

Management and board changes resulted in improved corporate governance, the sale of underperforming properties and the refurbishment of a considerable portion of the portfolio.he company is one of the top Canadian hotel landlords with well-known brands such as Fairmont, Comfort Inn and Delta in the portfolio.

Meanwhile, the weak loonie is drawing considerable numbers of tourists to Canada, and Canadians are vacationing more at home.

Third-quarter results indicated a substantial improvement in key operating metrics, although more work needs to be done.

This is an opportunity with considerable upside potential but not without risk.

RioCan REIT (TSX: REI-U, OTC: RIOCF)

Dividend Yield: 5.6%

Recent Price: C$25, US$19

Fair Value: C$28, US$21

RioCan is a landlord to top Canadian retailers, and its portfolio includes high-quality properties in key locations in all the main cities.

A key factor depressing the share price of RioCan this year was the large vacancies created by the departure of Target Canada. This matter has now been settled and the re-leasing of the vacant space is progressing well.ioCan is a landlord to top Canadian retailers, and its portfolio includes high-quality properties in key locations in all the main cities.

Greenfield developments and the intensification of space already owned will provide moderate but improving growth in years ahead.

The dividend yield is currently an attractive 5.6%, and we expect that improving growth prospects and a solid balance sheet will continue supporting the dividend.

Inter Pipeline Ltd. (TSX: IPL, OTC: IPPLF)

Dividend Yield: 6.5%

Recent Price: C$21, US$16

Fair Value: C$27, US$23

Inter Pipeline is one of the smaller operators providing crucial infrastructure to oil and gas producers to move their products from the landlocked Alberta and Saskatchewan provinces.

The company recently completed a major expansion and is starting to reap the benefits from it.nter Pipeline is one of the smaller operators providing crucial infrastructure to oil and gas producers to move their products from the landlocked Alberta and Saskatchewan provinces.

Recent results indicated that that the company is heading in the right direction, with a jump in revenues, profits and cash flow.

The dividend yield is currently an attractive 6.5%, and the dividend will be supported by considerable free cash flow over the next few years.