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
$9.922.99%7.05%0.721.94B
BIR.TO
Birchcliff Energy
BIR.TO
$6.470.47%1.86%0.121.77B
CJ.TO
Cardinal Energy
CJ.TO
$10.750.88%6.64%0.721.88B
Y.TO
Yellow Pages (Canada)
Y.TO
$12.320.16%8.13%1.00167.17M
PEY.TO
Peyto Exploration & Development
PEY.TO
$24.480.16%5.89%1.445.01B
BCE
BCE
BCE
$22.861.83%5.37%1.2521.31B
LIF.TO
Labrador Iron Ore Royalty Corp.
LIF.TO
$28.500.49%4.76%1.351.82B
SRU-UN.TO
SmartCentres REIT
SRU-UN.TO
$30.050.76%6.11%1.855.12B
FRU.TO
Freehold Royalties
FRU.TO
$16.460.12%6.57%1.082.70B
WTE.TO
Westshore Terminals Investment
WTE.TO
$38.191.47%3.87%1.502.36B
HR-UN.TO
H&R REIT
HR-UN.TO
$10.981.48%5.39%0.603.07B
SPB.TO
Superior Plus
SPB.TO
$8.080.19%2.23%0.181.73B
TRP
TC Energy
TRP
$68.641.38%3.79%2.5771.50B
LB.TO
Laurentian Bank of Canada
LB.TO
$40.340.00%4.66%1.881.80B
GEI.TO
Gibson Energy
GEI.TO
$29.480.27%5.95%1.765.08B
CRR-UN.TO
Crombie Real Estate Investment Trust
CRR-UN.TO
$17.341.48%5.17%0.913.25B
CSE-PA.TO
Capstone Infrastructure
CSE-PA.TO
$22.150.00%4.18%0.930.00000000000000
TBL.TO
Taiga Building Products
TBL.TO
$3.782.16%0.00%0.00408.03M
PZA.TO
Pizza Pizza
PZA.TO
$12.981.82%6.13%0.81438.78M
TU
Telus
TU
$11.391.30%10.40%1.2017.78B
TCL-A.TO
Transcontinental
TCL-A.TO
$5.286.44%14.62%0.73441.94M
BNS
Scotiabank
BNS
$87.410.44%3.79%3.30107.17B
CPX.TO
Capital Power
CPX.TO
$75.042.05%3.76%2.7611.74B
WCP.TO
Whitecap Resources
WCP.TO
$15.480.39%4.69%0.7318.82B
AQN
Algonquin Power & Utilities
AQN
$5.900.08%4.41%0.264.54B
ADW-A.TO
Andrew Peller
ADW-A.TO
$7.930.00%3.10%0.25348.21M
PWF-PS.TO
Power Financial
PWF-PS.TO
$21.650.00%5.54%1.200.00000000000000
CRT-UN.TO
CT REIT
CRT-UN.TO
$18.031.26%5.21%0.954.30B
CSW-A.TO
Corby Spirit and Wine
CSW-A.TO
$15.570.19%6.15%0.96443.26M
REI-UN.TO
RioCan REIT
REI-UN.TO
$22.630.53%5.09%1.166.59B
PXT.TO
Parex Resources
PXT.TO
$24.845.01%5.89%1.542.39B
IGM.TO
IGM Financial
IGM.TO
$78.073.06%3.08%2.4818.15B
EMA.TO
Emera
EMA.TO
$73.800.75%3.99%2.9222.58B
CCA.TO
Cogeco
CCA.TO
$62.811.63%6.18%3.952.64B
CHP-UN.TO
Choice Properties REIT
CHP-UN.TO
$16.190.86%4.78%0.7811.72B
BTG
B2Gold
BTG
$4.221.87%1.86%0.085.62B
CU.TO
Canadian Utilities
CU.TO
$51.871.11%3.59%1.8414.13B
MTL.TO
Mullen Group
MTL.TO
$21.700.37%3.86%0.842.08B
FCR-UN.TO
First Capital REIT
FCR-UN.TO
$22.911.42%3.88%0.904.87B
KEY.TO
Keyera
KEY.TO
$56.790.58%3.83%2.1616.02B
EIF.TO
Exchange Income Corporation
EIF.TO
$132.470.86%2.07%2.767.46B
NPI.TO
Northland Power
NPI.TO
$22.870.75%3.17%0.725.98B
TPZ.TO
Topaz Energy
TPZ.TO
$30.671.72%4.64%1.404.75B
TOU.TO
Tourmaline Oil
TOU.TO
$60.880.30%3.30%2.0023.64B
PBA
Pembina Pipeline
PBA
$46.621.02%4.47%2.0627.11B
CM
CIBC
CM
$114.052.11%2.77%3.09104.10B
DIR-UN.TO
Dream Industrial REIT
DIR-UN.TO
$13.900.64%5.00%0.704.00B
POW.TO
Power Corporation of Canada
POW.TO
$88.680.38%3.00%2.6755.88B
HWX.TO
Headwater Exploration
HWX.TO
$12.180.65%3.92%0.482.90B
TD
Toronto Dominion Bank
TD
$119.670.32%2.72%3.24197.70B
GWO.TO
Great-West Lifeco
GWO.TO
$89.241.20%2.90%2.5680.14B
CSH-UN.TO
Chartwell Retirement Residences
CSH-UN.TO
$21.750.79%2.89%0.627.08B
ACO-X.TO
ATCO
ACO-X.TO
$71.803.03%2.94%2.057.25B
BMO
Bank of Montreal
BMO
$173.241.42%2.90%4.95121.34B
NA.TO
National Bank of Canada
NA.TO
$222.680.45%2.38%5.2885.76B
POU.TO
Paramount Resources
POU.TO
$28.241.00%2.15%0.604.11B
TVE.TO
Tamarack Valley Energy
TVE.TO
$12.501.23%1.35%0.175.97B
FTS
Fortis
FTS
$56.290.36%3.28%1.8428.66B
TRI
Thomson Reuters
TRI
$76.772.31%3.33%2.6233.51B
RUS.TO
Russel Metals
RUS.TO
$63.610.38%2.78%1.763.49B
QBR-B.TO
Quebecor
QBR-B.TO
$66.691.42%2.37%1.6015.03B
KMP-UN.TO
Killam Apartment REIT
KMP-UN.TO
$18.890.68%3.79%0.722.36B
NWC.TO
The North West Company
NWC.TO
$48.252.03%3.33%1.642.29B
MGA
Magna International
MGA
$65.700.54%3.03%1.9817.89B
TCW.TO
Trican Well Service
TCW.TO
$7.030.57%3.15%0.221.48B
CF.TO
Canaccord Genuity Group
CF.TO
$14.760.14%2.71%0.401.48B
RCI
Rogers Communication
RCI
$36.492.89%3.82%1.4319.71B
PSK.TO
PrairieSky Royalty
PSK.TO
$31.850.25%3.32%1.067.40B
ALA.TO
AltaGas
ALA.TO
$53.890.04%2.48%1.3416.79B
CNQ
Canadian Natural Resources
CNQ
$41.611.35%4.45%1.8386.78B
NTR
Nutrien
NTR
$62.290.91%3.50%2.2029.90B
MFI.TO
Maple Leaf Foods
MFI.TO
$30.393.66%2.69%0.853.78B
SES.TO
Secure Energy Services
SES.TO
$21.470.75%1.97%0.424.68B
PBH.TO
Premium Brands
PBH.TO
$84.181.79%3.97%3.404.38B
ENB
Enbridge
ENB
$54.940.71%5.15%2.81119.96B
IAG.TO
iA Financial
IAG.TO
$189.100.15%2.15%4.0716.88B
KBL.TO
K-Bro Linen
KBL.TO
$43.310.49%2.78%1.20558.76M
BAM
Brookfield Asset Management
BAM
$46.901.14%4.24%2.0174.89B
SLF
Sun Life Financial
SLF
$77.911.32%3.52%2.7843.19B
OTEX
OpenText
OTEX
$20.003.33%5.32%1.104.85B
CAR-UN.TO
Canadian Apartment Properties REIT
CAR-UN.TO
$34.610.03%4.49%1.555.35B
CGAU
Centerra Gold
CGAU
$16.580.06%1.22%0.203.29B
MFC
Manulife Financial
MFC
$40.320.73%3.31%1.3467.15B
IIP-UN.TO
InterRent Real Estate Investment Trust
IIP-UN.TO
$12.940.08%3.07%0.401.84B
QSR
Restaurant Brands International
QSR
$71.402.78%3.54%2.6032.58B
SIS.TO
Savaria Corporation
SIS.TO
$28.571.11%1.94%0.562.05B
SU
Suncor Energy
SU
$55.810.87%3.12%1.7365.90B
H.TO
Hydro One
H.TO
$56.881.57%2.52%1.4134.13B