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
$9.913.03%7.05%0.721.94B
BIR.TO
Birchcliff Energy
BIR.TO
$6.460.31%1.86%0.121.77B
CJ.TO
Cardinal Energy
CJ.TO
$10.701.29%6.64%0.721.88B
Y.TO
Yellow Pages (Canada)
Y.TO
$12.300.00%8.13%1.00166.89M
PEY.TO
Peyto Exploration & Development
PEY.TO
$24.440.00%5.89%1.445.01B
BCE
BCE
BCE
$22.911.61%5.37%1.2521.36B
LIF.TO
Labrador Iron Ore Royalty Corp.
LIF.TO
$28.550.67%4.76%1.351.83B
SRU-UN.TO
SmartCentres REIT
SRU-UN.TO
$30.080.66%6.11%1.855.13B
FRU.TO
Freehold Royalties
FRU.TO
$16.450.06%6.57%1.082.70B
WTE.TO
Westshore Terminals Investment
WTE.TO
$38.361.03%3.87%1.502.37B
HR-UN.TO
H&R REIT
HR-UN.TO
$10.951.71%5.39%0.603.07B
SPB.TO
Superior Plus
SPB.TO
$8.060.00%2.23%0.181.73B
TRP
TC Energy
TRP
$68.761.56%3.79%2.5771.63B
LB.TO
Laurentian Bank of Canada
LB.TO
$40.370.07%4.66%1.881.80B
GEI.TO
Gibson Energy
GEI.TO
$29.470.30%5.95%1.765.08B
CRR-UN.TO
Crombie Real Estate Investment Trust
CRR-UN.TO
$17.381.25%5.17%0.913.26B
CSE-PA.TO
Capstone Infrastructure
CSE-PA.TO
$22.150.00%4.18%0.930.00000000000000
TBL.TO
Taiga Building Products
TBL.TO
$3.700.00%0.00%0.00399.39M
PZA.TO
Pizza Pizza
PZA.TO
$13.001.66%6.13%0.81439.46M
TU
Telus
TU
$11.401.26%10.40%1.2017.79B
TCL-A.TO
Transcontinental
TCL-A.TO
$5.194.64%14.62%0.73434.41M
BNS
Scotiabank
BNS
$87.600.65%3.79%3.30107.40B
CPX.TO
Capital Power
CPX.TO
$74.591.44%3.76%2.7611.67B
WCP.TO
Whitecap Resources
WCP.TO
$15.460.51%4.69%0.7318.79B
AQN
Algonquin Power & Utilities
AQN
$5.880.17%4.41%0.264.53B
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
$15.480.77%6.15%0.96440.70M
REI-UN.TO
RioCan REIT
REI-UN.TO
$22.590.70%5.09%1.166.58B
PXT.TO
Parex Resources
PXT.TO
$24.815.12%5.89%1.542.39B
IGM.TO
IGM Financial
IGM.TO
$78.292.78%3.08%2.4818.20B
EMA.TO
Emera
EMA.TO
$73.710.63%3.99%2.9222.55B
CCA.TO
Cogeco
CCA.TO
$62.791.66%6.18%3.952.64B
CHP-UN.TO
Choice Properties REIT
CHP-UN.TO
$16.210.73%4.78%0.7811.73B
BTG
B2Gold
BTG
$4.212.09%1.86%0.085.61B
CU.TO
Canadian Utilities
CU.TO
$51.861.09%3.59%1.8414.12B
MTL.TO
Mullen Group
MTL.TO
$21.790.05%3.86%0.842.09B
FCR-UN.TO
First Capital REIT
FCR-UN.TO
$22.931.33%3.88%0.904.87B
KEY.TO
Keyera
KEY.TO
$56.750.51%3.83%2.1616.01B
EIF.TO
Exchange Income Corporation
EIF.TO
$132.990.47%2.07%2.767.49B
NPI.TO
Northland Power
NPI.TO
$22.780.35%3.17%0.725.96B
TPZ.TO
Topaz Energy
TPZ.TO
$30.491.13%4.64%1.404.72B
TOU.TO
Tourmaline Oil
TOU.TO
$60.940.41%3.30%2.0023.66B
PBA
Pembina Pipeline
PBA
$46.651.07%4.47%2.0627.12B
CM
CIBC
CM
$114.192.24%2.77%3.09104.23B
DIR-UN.TO
Dream Industrial REIT
DIR-UN.TO
$13.870.86%5.00%0.703.99B
POW.TO
Power Corporation of Canada
POW.TO
$88.910.12%3.00%2.6756.03B
HWX.TO
Headwater Exploration
HWX.TO
$12.190.57%3.92%0.482.90B
TD
Toronto Dominion Bank
TD
$119.650.30%2.72%3.24197.67B
GWO.TO
Great-West Lifeco
GWO.TO
$89.381.36%2.90%2.5680.27B
CSH-UN.TO
Chartwell Retirement Residences
CSH-UN.TO
$21.700.56%2.89%0.627.07B
ACO-X.TO
ATCO
ACO-X.TO
$71.472.56%2.94%2.057.22B
BMO
Bank of Montreal
BMO
$173.531.59%2.90%4.95121.54B
NA.TO
National Bank of Canada
NA.TO
$222.770.49%2.38%5.2885.80B
POU.TO
Paramount Resources
POU.TO
$28.291.18%2.15%0.604.11B
TVE.TO
Tamarack Valley Energy
TVE.TO
$12.491.27%1.35%0.175.97B
FTS
Fortis
FTS
$56.240.27%3.28%1.8428.63B
TRI
Thomson Reuters
TRI
$77.071.93%3.33%2.6233.64B
RUS.TO
Russel Metals
RUS.TO
$63.760.62%2.78%1.763.50B
QBR-B.TO
Quebecor
QBR-B.TO
$66.721.37%2.37%1.6015.04B
KMP-UN.TO
Killam Apartment REIT
KMP-UN.TO
$18.831.00%3.79%0.722.35B
NWC.TO
The North West Company
NWC.TO
$48.182.17%3.33%1.642.29B
MGA
Magna International
MGA
$65.960.93%3.03%1.9817.96B
TCW.TO
Trican Well Service
TCW.TO
$7.010.29%3.15%0.221.47B
CF.TO
Canaccord Genuity Group
CF.TO
$14.981.35%2.71%0.401.50B
RCI
Rogers Communication
RCI
$36.572.66%3.82%1.4319.76B
PSK.TO
PrairieSky Royalty
PSK.TO
$31.770.50%3.32%1.067.38B
ALA.TO
AltaGas
ALA.TO
$53.800.13%2.48%1.3416.76B
CNQ
Canadian Natural Resources
CNQ
$41.531.16%4.45%1.8386.61B
NTR
Nutrien
NTR
$62.410.72%3.50%2.2029.96B
MFI.TO
Maple Leaf Foods
MFI.TO
$30.593.01%2.69%0.853.81B
SES.TO
Secure Energy Services
SES.TO
$21.460.70%1.97%0.424.68B
PBH.TO
Premium Brands
PBH.TO
$83.992.01%3.97%3.404.37B
ENB
Enbridge
ENB
$54.970.76%5.15%2.81120.03B
IAG.TO
iA Financial
IAG.TO
$188.890.26%2.15%4.0716.86B
KBL.TO
K-Bro Linen
KBL.TO
$43.340.56%2.78%1.20559.15M
BAM
Brookfield Asset Management
BAM
$47.060.80%4.24%2.0175.14B
SLF
Sun Life Financial
SLF
$77.951.27%3.52%2.7843.21B
OTEX
OpenText
OTEX
$20.023.24%5.32%1.104.86B
CAR-UN.TO
Canadian Apartment Properties REIT
CAR-UN.TO
$34.600.00%4.49%1.555.35B
CGAU
Centerra Gold
CGAU
$16.520.30%1.22%0.203.28B
MFC
Manulife Financial
MFC
$40.420.48%3.31%1.3467.32B
IIP-UN.TO
InterRent Real Estate Investment Trust
IIP-UN.TO
$12.930.00%3.07%0.401.84B
QSR
Restaurant Brands International
QSR
$71.962.02%3.54%2.6032.84B
SIS.TO
Savaria Corporation
SIS.TO
$28.690.69%1.94%0.562.06B
SU
Suncor Energy
SU
$55.650.58%3.12%1.7365.71B
H.TO
Hydro One
H.TO
$56.791.41%2.52%1.4134.08B