Canadian dividend stocks list: High-yield companies

Canadian dividend stocks represent a cornerstone of North American income investing, featuring companies with robust resource bases and shareholder return traditions. They are primarily traded on the Toronto Stock Exchange (TSX), the world’s ninth-largest exchange by market capitalization. Despite commodity price fluctuations, the Canadian equity market, anchored by the S&P/TSX Composite Index, offers access to corporations with globally competitive dividend yields.

The TSX hosts numerous dividend opportunities across essential sectors, attracting international income investors. The main advantages include:

  • Resource-based leadership: Companies dominating global markets in energy, mining, and agriculture.
  • Core sectors: Banking (Royal Bank, TD Bank), energy (Enbridge, Suncor), pipelines (TC Energy), telecommunications (BCE), and utilities (Fortis).
  • Dividend heritage: Established tradition of shareholder returns, with many maintaining 4-7% yields.

The banking leader Royal Bank of Canada and pipeline giant Enbridge exemplify this market – RBC has increased dividends for 50+ consecutive years, while Enbridge maintained 6-8% yields through market cycles. Their shareholder distributions reflect Canada’s resource wealth and financial stability. Investing in Canadian dividend stocks provides exposure to corporations integral to global commodity and financial systems.

Several Canadian companies are dividend aristocrats. Fortis has increased payouts for 49 consecutive years, while BCE maintained 6%+ yields for decades. This explains why Canada accounts for 4% of global dividend distributions. Beyond traditional sectors, the market includes 3 dividend-rich industries: REITs (RioCan with 5%+ yield), insurance (Manulife), and agriculture (Nutrien).

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The following table contains a list of leading Canadian dividend-paying companies by market capitalization, primarily traded on the TSX (including S&P/TSX 60 constituents with 10+ year payment histories). The list includes only publicly traded companies, and the presented data (yield, payout ratio) are regularly updated to reflect the current market situation.

Canadian dividend stocks list
StockPriceChange %Dividend YieldDividend RateMarketcap
CNE.TO
Canacol Energy
CNE.TO
$2.503.85%0.00%0.0085.30M
AP-UN.TO
Allied Properties REIT
AP-UN.TO
$20.850.53%8.44%1.802.91B
BIR.TO
Birchcliff Energy
BIR.TO
$5.801.22%2.03%0.121.58B
CJ.TO
Cardinal Energy
CJ.TO
$7.841.16%8.98%0.721.26B
NWH-UN.TO
NorthWest Healthcare Properties REIT
NWH-UN.TO
$5.130.79%7.00%0.361.29B
AX-UN.TO
Artis REIT
AX-UN.TO
$6.181.90%9.90%0.60594.62M
Y.TO
Yellow Pages (Canada)
Y.TO
$11.210.18%8.90%1.00152.10M
FN.TO
First National Financial
FN.TO
$47.950.00%5.23%2.502.88B
PEY.TO
Peyto Exploration & Development
PEY.TO
$18.461.82%7.00%1.323.70B
BCE
BCE
BCE
$23.470.32%5.50%1.2721.88B
CIO
City Office REIT
CIO
$6.960.07%5.76%0.40280.73M
LIF.TO
Labrador Iron Ore Royalty Corp.
LIF.TO
$28.220.50%6.83%1.951.81B
SRU-UN.TO
SmartCentres REIT
SRU-UN.TO
$26.790.15%6.98%1.854.57B
FRU.TO
Freehold Royalties
FRU.TO
$13.870.65%7.69%1.082.27B
WTE.TO
Westshore Terminals Investment
WTE.TO
$25.020.48%5.85%1.501.55B
HR-UN.TO
H&R REIT
HR-UN.TO
$11.522.40%5.03%0.603.23B
SPB.TO
Superior Plus
SPB.TO
$7.960.89%2.28%0.181.77B
TRP
TC Energy
TRP
$53.900.94%4.60%2.4656.04B
LB.TO
Laurentian Bank of Canada
LB.TO
$32.700.55%5.71%1.881.45B
GEI.TO
Gibson Energy
GEI.TO
$25.890.08%6.37%1.724.24B
CRR-UN.TO
Crombie Real Estate Investment Trust
CRR-UN.TO
$15.150.53%6.01%0.902.81B
CSE-PA.TO
Capstone Infrastructure
CSE-PA.TO
$18.830.75%4.98%0.935.74B
TBL.TO
Taiga Building Products
TBL.TO
$3.523.83%0.00%0.00379.96M
PZA.TO
Pizza Pizza
PZA.TO
$15.370.00%6.03%0.93512.64M
TU
Telus
TU
$15.820.29%7.66%1.2024.12B
TCL-A.TO
Transcontinental
TCL-A.TO
$19.881.07%4.61%0.901.66B
BNS
Scotiabank
BNS
$64.600.09%4.92%3.1880.26B
CPX.TO
Capital Power
CPX.TO
$67.583.41%4.25%2.7610.48B
WCP.TO
Whitecap Resources
WCP.TO
$10.640.19%6.54%0.7313.11B
AQN
Algonquin Power & Utilities
AQN
$5.726.52%4.82%0.264.40B
ADW-A.TO
Andrew Peller
ADW-A.TO
$5.050.98%4.78%0.25231.38M
PWF-PS.TO
Power Financial
PWF-PS.TO
$21.641.19%5.52%1.2019.89B
CRT-UN.TO
CT REIT
CRT-UN.TO
$16.310.55%5.87%0.953.87B
CSW-A.TO
Corby Spirit and Wine
CSW-A.TO
$13.980.50%6.50%0.92395.30M
GRP-UN
Granite Real Estate
GRP-UN
$56.040.54%4.43%2.473.40B
REI-UN.TO
RioCan REIT
REI-UN.TO
$18.980.16%6.15%1.165.60B
PXT.TO
Parex Resources
PXT.TO
$18.310.66%7.93%1.541.80B
IGM.TO
IGM Financial
IGM.TO
$50.580.16%4.49%2.2511.93B
EMA.TO
Emera
EMA.TO
$66.430.51%4.41%2.9019.88B
CCA.TO
Cogeco
CCA.TO
$64.550.92%5.70%3.692.72B
CHP-UN.TO
Choice Properties REIT
CHP-UN.TO
$14.720.14%5.28%0.7710.65B
BTG
B2Gold
BTG
$4.990.71%1.63%0.086.60B
CU.TO
Canadian Utilities
CU.TO
$38.690.62%4.77%1.837.94B
MTL.TO
Mullen Group
MTL.TO
$14.121.44%6.01%0.841.23B
FCR-UN.TO
First Capital REIT
FCR-UN.TO
$19.860.46%4.55%0.894.22B
KEY.TO
Keyera
KEY.TO
$46.590.21%4.65%2.1610.68B
EIF.TO
Exchange Income Corporation
EIF.TO
$73.511.23%3.64%2.643.78B
NPI.TO
Northland Power
NPI.TO
$23.701.72%5.29%1.206.20B
TPZ.TO
Topaz Energy
TPZ.TO
$26.050.85%5.08%1.364.01B
TOU.TO
Tourmaline Oil
TOU.TO
$61.292.12%3.18%2.0023.71B
PBA
Pembina Pipeline
PBA
$39.921.35%5.14%2.0623.19B
CM
CIBC
CM
$80.460.71%3.47%2.8075.50B
DIR-UN.TO
Dream Industrial REIT
DIR-UN.TO
$12.440.08%5.69%0.703.64B
POW.TO
Power Corporation of Canada
POW.TO
$59.790.71%4.19%2.4538.02B
HWX.TO
Headwater Exploration
HWX.TO
$7.530.27%5.61%0.441.79B
TD
Toronto Dominion Bank
TD
$80.420.59%3.85%3.05137.29B
GWO.TO
Great-West Lifeco
GWO.TO
$56.320.28%4.43%2.4452.08B
CSH-UN.TO
Chartwell Retirement Residences
CSH-UN.TO
$20.310.64%3.02%0.615.91B
ACO-X.TO
ATCO
ACO-X.TO
$50.110.54%4.08%2.025.64B
BMO
Bank of Montreal
BMO
$130.430.14%3.61%4.7193.63B
NA.TO
National Bank of Canada
NA.TO
$149.441.09%3.13%4.7258.61B
POU.TO
Paramount Resources
POU.TO
$22.600.58%2.60%0.603.24B
TVE.TO
Tamarack Valley Energy
TVE.TO
$6.100.83%2.49%0.153.04B
FTS
Fortis
FTS
$50.410.65%3.60%1.7925.39B
TRI
Thomson Reuters
TRI
$152.571.78%1.52%2.3869.47B
RUS.TO
Russel Metals
RUS.TO
$41.740.14%4.30%1.722.34B
QBR-B.TO
Quebecor
QBR-B.TO
$44.691.99%3.26%1.4010.23B
KMP-UN.TO
Killam Apartment REIT
KMP-UN.TO
$17.990.11%4.05%0.722.24B
NWC.TO
The North West Company
NWC.TO
$47.370.94%3.41%1.642.26B
MGA
Magna International
MGA
$47.470.18%4.16%1.9413.37B
TCW.TO
Trican Well Service
TCW.TO
$6.332.59%3.59%0.221.13B
CF.TO
Canaccord Genuity Group
CF.TO
$10.800.56%3.17%0.341.08B
RCI
Rogers Communication
RCI
$34.841.06%4.07%1.4519.53B
PSK.TO
PrairieSky Royalty
PSK.TO
$26.020.77%3.92%1.046.13B
ALA.TO
AltaGas
ALA.TO
$43.110.54%2.96%1.2612.90B
CNQ
Canadian Natural Resources
CNQ
$31.750.66%5.22%1.7167.55B
NTR
Nutrien
NTR
$56.643.53%3.71%2.1827.56B
MFI.TO
Maple Leaf Foods
MFI.TO
$34.903.08%2.71%0.964.35B
SES.TO
Secure Energy Services
SES.TO
$19.951.17%2.04%0.404.39B
PBH.TO
Premium Brands
PBH.TO
$93.610.17%3.70%3.404.18B
ENB
Enbridge
ENB
$49.581.74%5.53%2.74108.11B
PKI.TO
Parkland Corp
PKI.TO
$38.730.60%3.74%1.446.76B
IAG.TO
iA Financial
IAG.TO
$158.540.20%2.59%3.9614.71B
KBL.TO
K-Bro Linen
KBL.TO
$36.221.31%3.33%1.20465.78M
BAM
Brookfield Asset Management
BAM
$55.752.09%3.01%1.7591.69B
SLF
Sun Life Financial
SLF
$60.180.25%4.32%2.5433.73B
OTEX
OpenText
OTEX
$37.140.64%2.94%1.109.46B
CAR-UN.TO
Canadian Apartment Properties REIT
CAR-UN.TO
$40.520.44%3.79%1.536.42B
CGAU
Centerra Gold
CGAU
$11.264.94%1.98%0.202.29B
MFC
Manulife Financial
MFC
$31.440.93%4.15%1.2853.27B
IIP-UN.TO
InterRent Real Estate Investment Trust
IIP-UN.TO
$13.390.15%2.98%0.401.90B
QSR
Restaurant Brands International
QSR
$66.143.11%3.82%2.4830.42B
SIS.TO
Savaria Corporation
SIS.TO
$20.190.15%2.76%0.561.44B
SU
Suncor Energy
SU
$41.271.30%3.85%1.6451.01B
H.TO
Hydro One
H.TO
$49.380.54%2.72%1.3329.62B