Michael Simpson's top North American dividend stock picks for October 2025

NCM Investments Portfolio Manager Michael Simpson recommends three North American dividend stocks: Cargojet, Jamieson Wellness, and Lincoln Electric. Simpson notes strong North American market performance year-to-date, but anticipates a potential pullback. He highlights Canada's valuation advantage with lower P/E ratios and higher dividend yields compared to the U.S. The recommendations focus on companies with strong market positions, consistent dividend growth, and favorable valuations, benefiting from economic trends like reshoring and increased trade.