Canadian Dividend Stocks List: High-Yield TSX Companies

Canadian Utilities and Fortis hold the two longest dividend growth streaks in Canada, with both companies having raised their payouts every year for more than half a century. They anchor a broader group of roughly 91 stocks in the S&P/TSX Canadian Dividend Aristocrats Index — a threshold that requires just five consecutive years of dividend increases, far lower than the 25-year minimum used for U.S. Dividend Aristocrats.

All stocks on this page trade on the Toronto Stock Exchange (TSX) in Canadian dollars. The highest-yielding Canadian dividend stocks tend to cluster in a handful of sectors:

  • Banks: Royal Bank of Canada (RBC), TD Bank, Bank of Nova Scotia (BNS), National Bank of Canada — long histories of dividend payments, though exposed to credit cycles and housing sensitivity.
  • Pipelines & midstream energy: Enbridge (ENB), with a three-decade dividend growth streak, and Pembina Pipeline (PPL) — fee-based models tied to long-term contracts.
  • Utilities: Fortis (FTS), Canadian Utilities (CU), Emera (EMA), Hydro One (H) — regulated revenue but sensitive to interest rates and financing costs.
  • Telecoms: BCE Inc. (BCE), TELUS (T), Cogeco Communications (CCA) — subscription-style revenue supporting regular distributions.
  • REITs: SmartCentres REIT (SRU.UN), Granite REIT (GRT.UN) — note that REITs are excluded from some dividend-focused indices, and traditional EPS can be distorted by depreciation.
  • Oil & gas: Canadian Natural Resources (CNQ) — royalty trusts in this sector can see extreme quarter-to-quarter swings in payouts due to commodity price volatility.

For passive exposure, the iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ) tracks the Aristocrats index, while the Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY) follows a broader high-yield screen. A full list of dividend ETFs is available separately. U.S. investors should note that Canada imposes a 15% withholding tax on dividends, though this may be waived when holding shares in a U.S. retirement account.

For an overview of all largest listed companies in Canada, see our dedicated page.

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The table below lists leading Canadian dividend-paying companies by market capitalization, primarily traded on the TSX. Yields, payout ratios, and other data are updated regularly to reflect current market conditions.

Canadian dividend stocks list
StockPriceChange %Dividend YieldDividend RateMarketcap
AP-UN.TO
Allied Properties REIT
AP-UN.TO
$7.691.28%9.36%0.721.60B
BIR.TO
Birchcliff Energy
BIR.TO
$6.290.00%1.91%0.121.73B
CJ.TO
Cardinal Energy
CJ.TO
$12.620.72%5.71%0.722.22B
Y.TO
Yellow Pages (Canada)
Y.TO
$13.450.37%7.43%1.00155.47M
PEY.TO
Peyto Exploration & Development
PEY.TO
$24.390.62%5.90%1.445.02B
BCE
BCE
BCE
$22.060.99%5.70%1.2620.57B
LIF.TO
Labrador Iron Ore Royalty Corp.
LIF.TO
$25.780.27%4.65%1.201.65B
SRU-UN.TO
SmartCentres REIT
SRU-UN.TO
$26.460.71%6.99%1.855.19B
FRU.TO
Freehold Royalties
FRU.TO
$17.470.80%6.18%1.082.86B
WTE.TO
Westshore Terminals Investment
WTE.TO
$41.091.72%3.65%1.500.00000000000000
HR-UN.TO
H&R REIT
HR-UN.TO
$9.313.02%6.44%0.602.61B
SPB.TO
Superior Plus
SPB.TO
$7.031.95%2.56%0.181.51B
TRP
TC Energy
TRP
$61.540.18%4.06%2.5064.11B
LB.TO
Laurentian Bank of Canada
LB.TO
$40.400.69%4.65%1.881.81B
GEI.TO
Gibson Energy
GEI.TO
$32.150.66%5.60%1.805.55B
CRR-UN.TO
Crombie Real Estate Investment Trust
CRR-UN.TO
$15.510.00%5.87%0.914.11B
CSE-PA.TO
Capstone Infrastructure
CSE-PA.TO
$23.900.00%6.06%1.450.00000000000000
TBL.TO
Taiga Building Products
TBL.TO
$3.703.06%0.00%0.00399.39M
PZA.TO
Pizza Pizza
PZA.TO
$10.861.90%7.46%0.810.00000000000000
TU
Telus
TU
$8.751.80%6.19%0.5413.78B
TCL-A.TO
Transcontinental
TCL-A.TO
$5.190.78%10.60%0.55434.41M
BNS
Scotiabank
BNS
$94.070.03%3.50%3.29114.66B
CPX.TO
Capital Power
CPX.TO
$61.380.52%4.53%2.789.64B
WCP.TO
Whitecap Resources
WCP.TO
$18.861.67%3.87%0.7322.93B
AQN
Algonquin Power & Utilities
AQN
$5.350.56%4.86%0.264.12B
PWF-PS.TO
Power Financial
PWF-PS.TO
$21.271.05%5.64%1.200.00000000000000
CRT-UN.TO
CT REIT
CRT-UN.TO
$16.830.06%5.83%0.984.02B
CSW-A.TO
Corby Spirit and Wine
CSW-A.TO
$15.210.07%6.57%1.00433.01M
REI-UN.TO
RioCan REIT
REI-UN.TO
$20.620.15%5.62%1.166.01B
PXT.TO
Parex Resources
PXT.TO
$28.360.53%5.43%1.542.73B
IGM.TO
IGM Financial
IGM.TO
$89.222.23%2.78%2.4820.60B
EMA.TO
Emera
EMA.TO
$69.030.04%4.24%2.9321.20B
CCA.TO
Cogeco
CCA.TO
$57.710.79%6.84%3.952.42B
CHP-UN.TO
Choice Properties REIT
CHP-UN.TO
$14.790.47%5.27%0.7810.71B
BTG
B2Gold
BTG
$5.491.67%1.46%0.087.25B
CU.TO
Canadian Utilities
CU.TO
$51.080.27%3.62%1.8513.91B
MTL.TO
Mullen Group
MTL.TO
$25.601.39%3.28%0.842.46B
FCR-UN.TO
First Capital REIT
FCR-UN.TO
$22.510.31%4.05%0.914.78B
KEY.TO
Keyera
KEY.TO
$54.962.19%4.09%2.250.00000000000000
EIF.TO
Exchange Income Corporation
EIF.TO
$117.500.77%2.45%2.886.63B
NPI.TO
Northland Power
NPI.TO
$21.960.55%3.28%0.720.00000000000000
TPZ.TO
Topaz Energy
TPZ.TO
$29.861.16%4.69%1.404.62B
TOU.TO
Tourmaline Oil
TOU.TO
$60.850.11%3.29%2.0023.65B
PBA
Pembina Pipeline
PBA
$47.530.23%4.44%2.1127.64B
CM
CIBC
CM
$114.870.96%2.69%3.09104.29B
DIR-UN.TO
Dream Industrial REIT
DIR-UN.TO
$12.700.32%5.65%0.723.65B
POW.TO
Power Corporation of Canada
POW.TO
$94.560.37%2.82%2.6759.36B
HWX.TO
Headwater Exploration
HWX.TO
$14.031.45%3.42%0.483.34B
TD
Toronto Dominion Bank
TD
$122.330.43%2.65%3.24200.44B
GWO.TO
Great-West Lifeco
GWO.TO
$93.520.10%2.87%2.6883.72B
CSH-UN.TO
Chartwell Retirement Residences
CSH-UN.TO
$20.200.49%3.09%0.626.66B
ACO-X.TO
ATCO
ACO-X.TO
$73.200.03%2.84%2.088.24B
BMO
Bank of Montreal
BMO
$174.490.40%2.84%4.96121.29B
NA.TO
National Bank of Canada
NA.TO
$213.080.95%2.48%5.2882.07B
POU.TO
Paramount Resources
POU.TO
$32.212.95%1.86%0.604.70B
TVE.TO
Tamarack Valley Energy
TVE.TO
$13.571.12%1.47%0.206.43B
FTS
Fortis
FTS
$54.100.70%3.42%1.8527.64B
TRI
Thomson Reuters
TRI
$94.395.12%2.78%2.6240.89B
RUS.TO
Russel Metals
RUS.TO
$80.050.48%2.20%1.764.40B
QBR-B.TO
Quebecor
QBR-B.TO
$64.441.18%2.79%1.8014.52B
KMP-UN.TO
Killam Apartment REIT
KMP-UN.TO
$17.010.58%4.23%0.722.09B
NWC.TO
The North West Company
NWC.TO
$52.360.52%3.21%1.682.48B
MGA
Magna International
MGA
$63.152.58%3.14%1.9816.89B
TCW.TO
Trican Well Service
TCW.TO
$6.270.48%3.51%0.221.31B
CF.TO
Canaccord Genuity Group
CF.TO
$13.430.83%2.98%0.401.37B
RCI
Rogers Communication
RCI
$35.080.11%4.14%1.4518.95B
PSK.TO
PrairieSky Royalty
PSK.TO
$35.720.14%2.97%1.068.30B
ALA.TO
AltaGas
ALA.TO
$53.620.52%2.49%1.3416.73B
CNQ
Canadian Natural Resources
CNQ
$49.641.94%3.63%1.80102.33B
NTR
Nutrien
NTR
$77.092.32%2.85%2.2036.79B
MFI.TO
Maple Leaf Foods
MFI.TO
$25.930.80%3.24%0.843.23B
PBH.TO
Premium Brands
PBH.TO
$76.000.21%4.47%3.400.00000000000000
ENB
Enbridge
ENB
$48.730.04%5.75%2.80106.43B
IAG.TO
iA Financial
IAG.TO
$213.660.05%2.06%4.4018.88B
KBL.TO
K-Bro Linen
KBL.TO
$42.080.45%2.85%1.20541.39M
BAM
Brookfield Asset Management
BAM
$46.061.41%4.36%2.0173.57B
SLF
Sun Life Financial
SLF
$81.270.46%3.41%2.7745.19B
OTEX
OpenText
OTEX
$22.584.00%4.97%1.125.48B
CAR-UN.TO
Canadian Apartment Properties REIT
CAR-UN.TO
$31.490.51%4.93%1.554.85B
CGAU
Centerra Gold
CGAU
$23.021.19%0.87%0.204.50B
MFC
Manulife Financial
MFC
$44.380.75%3.08%1.3773.64B
QSR
Restaurant Brands International
QSR
$72.880.33%3.57%2.6033.39B
SIS.TO
Savaria Corporation
SIS.TO
$29.201.57%2.02%0.592.10B
SU
Suncor Energy
SU
$69.410.12%2.50%1.7381.96B
H.TO
Hydro One
H.TO
$51.900.12%2.72%1.4131.14B