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
$3.911.26%18.18%0.72811.62M
BIR.TO
Birchcliff Energy
BIR.TO
$6.731.03%1.76%0.121.85B
CJ.TO
Cardinal Energy
CJ.TO
$11.132.88%6.28%0.721.95B
Y.TO
Yellow Pages (Canada)
Y.TO
$13.940.50%7.14%1.00161.14M
PEY.TO
Peyto Exploration & Development
PEY.TO
$23.980.08%6.51%1.564.93B
BCE
BCE
BCE
$21.702.77%5.83%1.2320.23B
LIF.TO
Labrador Iron Ore Royalty Corp.
LIF.TO
$21.978.28%5.91%1.201.41B
SRU-UN.TO
SmartCentres REIT
SRU-UN.TO
$27.840.72%6.69%1.855.47B
FRU.TO
Freehold Royalties
FRU.TO
$16.440.06%6.57%1.082.70B
WTE.TO
Westshore Terminals Investment
WTE.TO
$44.432.37%3.30%1.502.74B
HR-UN.TO
H&R REIT
HR-UN.TO
$9.660.41%6.19%0.602.56B
SPB.TO
Superior Plus
SPB.TO
$5.863.14%2.98%0.181.26B
TRP
TC Energy
TRP
$62.940.52%4.01%2.5165.57B
LB.TO
Laurentian Bank of Canada
LB.TO
$40.490.02%4.64%1.881.81B
GEI.TO
Gibson Energy
GEI.TO
$32.370.31%5.54%1.805.59B
CRR-UN.TO
Crombie Real Estate Investment Trust
CRR-UN.TO
$16.611.71%5.57%0.913.13B
CSE-PA.TO
Capstone Infrastructure
CSE-PA.TO
$23.080.00%6.27%1.450.00000000000000
TBL.TO
Taiga Building Products
TBL.TO
$3.670.00%0.00%0.00396.16M
PZA.TO
Pizza Pizza
PZA.TO
$11.700.34%7.29%0.81395.51M
TU
Telus
TU
$9.240.16%5.71%0.5314.55B
TCL-A.TO
Transcontinental
TCL-A.TO
$5.483.86%9.65%0.55458.68M
BNS
Scotiabank
BNS
$94.172.34%3.36%3.24114.59B
CPX.TO
Capital Power
CPX.TO
$62.122.50%4.36%2.789.78B
WCP.TO
Whitecap Resources
WCP.TO
$17.002.74%4.17%0.7320.68B
AQN
Algonquin Power & Utilities
AQN
$5.561.51%4.61%0.264.28B
PWF-PS.TO
Power Financial
PWF-PS.TO
$20.800.24%5.78%1.200.00000000000000
CRT-UN.TO
CT REIT
CRT-UN.TO
$17.960.06%5.46%0.984.29B
CSW-A.TO
Corby Spirit and Wine
CSW-A.TO
$15.900.00%6.29%1.00452.65M
REI-UN.TO
RioCan REIT
REI-UN.TO
$21.480.65%5.36%1.166.26B
PXT.TO
Parex Resources
PXT.TO
$23.601.34%6.44%1.542.27B
IGM.TO
IGM Financial
IGM.TO
$79.895.77%2.93%2.4818.45B
EMA.TO
Emera
EMA.TO
$71.450.17%4.14%2.9621.95B
CCA.TO
Cogeco
CCA.TO
$54.830.15%7.36%4.032.30B
CHP-UN.TO
Choice Properties REIT
CHP-UN.TO
$15.240.13%5.11%0.7811.03B
BTG
B2Gold
BTG
$5.324.06%1.57%0.087.02B
CU.TO
Canadian Utilities
CU.TO
$52.201.15%3.47%1.8514.22B
MTL.TO
Mullen Group
MTL.TO
$28.413.86%2.84%0.842.74B
FCR-UN.TO
First Capital REIT
FCR-UN.TO
$23.360.09%3.91%0.914.97B
KEY.TO
Keyera
KEY.TO
$51.831.48%4.28%2.2515.21B
EIF.TO
Exchange Income Corporation
EIF.TO
$115.903.14%2.41%2.886.54B
NPI.TO
Northland Power
NPI.TO
$22.080.54%3.24%0.725.77B
TPZ.TO
Topaz Energy
TPZ.TO
$28.350.39%4.92%1.404.40B
TOU.TO
Tourmaline Oil
TOU.TO
$63.731.16%3.33%2.1024.77B
PBA
Pembina Pipeline
PBA
$48.201.09%4.26%2.0728.03B
CM
CIBC
CM
$117.821.71%2.54%3.05106.97B
DIR-UN.TO
Dream Industrial REIT
DIR-UN.TO
$12.851.61%5.49%0.723.70B
POW.TO
Power Corporation of Canada
POW.TO
$92.723.51%2.78%2.6758.20B
HWX.TO
Headwater Exploration
HWX.TO
$11.611.61%4.07%0.482.76B
TD
Toronto Dominion Bank
TD
$125.552.07%2.50%3.21205.03B
GWO.TO
Great-West Lifeco
GWO.TO
$89.535.16%2.84%2.6880.15B
CSH-UN.TO
Chartwell Retirement Residences
CSH-UN.TO
$21.530.65%2.92%0.627.10B
ACO-X.TO
ATCO
ACO-X.TO
$85.320.02%2.44%2.088.62B
BMO
Bank of Montreal
BMO
$173.712.12%2.75%4.88120.74B
NA.TO
National Bank of Canada
NA.TO
$213.602.45%2.41%5.2881.77B
POU.TO
Paramount Resources
POU.TO
$31.912.48%1.83%0.604.66B
TVE.TO
Tamarack Valley Energy
TVE.TO
$11.531.96%1.70%0.205.42B
FTS
Fortis
FTS
$61.090.26%3.12%1.9031.51B
TRI
Thomson Reuters
TRI
$116.280.81%2.24%2.6250.41B
RUS.TO
Russel Metals
RUS.TO
$81.388.54%1.98%1.764.47B
QBR-B.TO
Quebecor
QBR-B.TO
$73.322.90%2.53%1.8016.39B
KMP-UN.TO
Killam Apartment REIT
KMP-UN.TO
$17.760.57%4.08%0.722.18B
NWC.TO
The North West Company
NWC.TO
$57.520.74%2.90%1.682.72B
MGA
Magna International
MGA
$63.573.14%3.02%1.9816.51B
TCW.TO
Trican Well Service
TCW.TO
$6.081.46%3.57%0.221.23B
CF.TO
Canaccord Genuity Group
CF.TO
$14.601.35%2.70%0.401.49B
RCI
Rogers Communication
RCI
$34.131.39%4.13%1.4318.44B
PSK.TO
PrairieSky Royalty
PSK.TO
$34.940.82%3.06%1.068.12B
ALA.TO
AltaGas
ALA.TO
$53.702.35%2.43%1.3416.75B
CNQ
Canadian Natural Resources
CNQ
$49.620.05%3.54%1.76102.28B
NTR
Nutrien
NTR
$71.900.24%3.05%2.2034.31B
MFI.TO
Maple Leaf Foods
MFI.TO
$26.961.17%3.08%0.843.35B
PBH.TO
Premium Brands
PBH.TO
$74.411.08%4.52%3.403.87B
ENB
Enbridge
ENB
$48.420.75%5.68%2.77107.91B
IAG.TO
iA Financial
IAG.TO
$213.913.46%1.99%4.4018.91B
KBL.TO
K-Bro Linen
KBL.TO
$41.461.85%2.84%1.20533.41M
BAM
Brookfield Asset Management
BAM
$51.624.60%3.71%2.0182.45B
SLF
Sun Life Financial
SLF
$74.978.56%3.30%2.7141.68B
OTEX
OpenText
OTEX
$26.052.03%4.21%1.126.31B
CAR-UN.TO
Canadian Apartment Properties REIT
CAR-UN.TO
$32.050.19%4.85%1.554.89B
CGAU
Centerra Gold
CGAU
$21.360.23%0.93%0.204.13B
MFC
Manulife Financial
MFC
$44.613.00%2.96%1.3673.69B
QSR
Restaurant Brands International
QSR
$77.900.62%3.32%2.6035.68B
SIS.TO
Savaria Corporation
SIS.TO
$29.634.43%1.90%0.592.14B
SU
Suncor Energy
SU
$71.251.10%2.62%1.8882.02B
H.TO
Hydro One
H.TO
$57.370.33%2.47%1.4134.43B