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.

Regulated broker Invest now: Buy Stocks & ETFs in just 15 minutes from $50 Your capital is at risk. Free demo account & education

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
$9.592.34%11.91%1.171.88B
BIR.TO
Birchcliff Energy
BIR.TO
$6.251.46%1.88%0.121.71B
CJ.TO
Cardinal Energy
CJ.TO
$10.992.42%6.71%0.721.93B
Y.TO
Yellow Pages (Canada)
Y.TO
$13.270.00%7.64%1.00153.02M
PEY.TO
Peyto Exploration & Development
PEY.TO
$24.920.97%5.60%1.445.11B
BCE
BCE
BCE
$22.773.22%5.66%1.2321.23B
LIF.TO
Labrador Iron Ore Royalty Corp.
LIF.TO
$27.150.62%5.05%1.351.74B
SRU-UN.TO
SmartCentres REIT
SRU-UN.TO
$28.801.13%6.26%1.855.65B
FRU.TO
Freehold Royalties
FRU.TO
$17.051.43%6.42%1.082.80B
WTE.TO
Westshore Terminals Investment
WTE.TO
$43.8010.41%3.78%1.502.71B
HR-UN.TO
H&R REIT
HR-UN.TO
$10.851.45%5.45%0.603.04B
SPB.TO
Superior Plus
SPB.TO
$7.730.39%2.32%0.181.66B
TRP
TC Energy
TRP
$63.900.06%5.41%3.4666.57B
LB.TO
Laurentian Bank of Canada
LB.TO
$40.300.00%4.67%1.881.80B
GEI.TO
Gibson Energy
GEI.TO
$31.362.35%5.55%1.785.41B
CRR-UN.TO
Crombie Real Estate Investment Trust
CRR-UN.TO
$16.582.87%5.27%0.904.38B
CSE-PA.TO
Capstone Infrastructure
CSE-PA.TO
$23.200.22%3.98%0.930.00000000000000
TBL.TO
Taiga Building Products
TBL.TO
$3.602.70%0.00%0.00388.60M
PZA.TO
Pizza Pizza
PZA.TO
$12.720.55%6.42%0.81429.99M
TU
Telus
TU
$9.810.10%17.06%1.6715.45B
TCL-A.TO
Transcontinental
TCL-A.TO
$5.260.75%12.74%0.68440.27M
BNS
Scotiabank
BNS
$88.320.26%4.97%4.40107.86B
CPX.TO
Capital Power
CPX.TO
$64.581.72%4.21%2.7610.14B
WCP.TO
Whitecap Resources
WCP.TO
$16.242.46%4.61%0.7319.75B
AQN
Algonquin Power & Utilities
AQN
$5.750.35%4.51%0.264.43B
ADW-A.TO
Andrew Peller
ADW-A.TO
$7.950.13%3.10%0.25350.13M
PWF-PS.TO
Power Financial
PWF-PS.TO
$21.830.37%5.45%1.200.00000000000000
CRT-UN.TO
CT REIT
CRT-UN.TO
$17.792.25%5.19%0.954.24B
CSW-A.TO
Corby Spirit and Wine
CSW-A.TO
$16.250.43%5.81%0.94462.62M
REI-UN.TO
RioCan REIT
REI-UN.TO
$21.611.55%5.22%1.166.29B
PXT.TO
Parex Resources
PXT.TO
$24.393.17%6.34%1.542.35B
IGM.TO
IGM Financial
IGM.TO
$89.350.17%2.85%2.4820.63B
EMA.TO
Emera
EMA.TO
$72.290.03%4.03%2.9222.11B
CCA.TO
Cogeco
CCA.TO
$60.731.12%6.68%3.952.55B
CHP-UN.TO
Choice Properties REIT
CHP-UN.TO
$15.691.32%4.89%0.7811.36B
BTG
B2Gold
BTG
$4.090.24%2.08%0.085.45B
CU.TO
Canadian Utilities
CU.TO
$53.420.09%3.44%1.8414.55B
MTL.TO
Mullen Group
MTL.TO
$27.151.50%3.05%0.842.61B
FCR-UN.TO
First Capital REIT
FCR-UN.TO
$22.810.70%3.94%0.904.85B
KEY.TO
Keyera
KEY.TO
$58.792.78%3.63%2.1617.25B
EIF.TO
Exchange Income Corporation
EIF.TO
$128.830.33%2.20%2.767.26B
NPI.TO
Northland Power
NPI.TO
$21.280.85%3.41%0.725.56B
TPZ.TO
Topaz Energy
TPZ.TO
$30.441.06%4.42%1.404.71B
TOU.TO
Tourmaline Oil
TOU.TO
$59.560.71%3.23%2.0023.15B
PBA
Pembina Pipeline
PBA
$48.001.80%4.44%2.0927.91B
CM
CIBC
CM
$118.440.20%2.55%3.03108.11B
DIR-UN.TO
Dream Industrial REIT
DIR-UN.TO
$13.982.98%4.86%0.704.02B
POW.TO
Power Corporation of Canada
POW.TO
$93.501.82%2.63%2.5158.69B
HWX.TO
Headwater Exploration
HWX.TO
$12.701.11%3.62%0.483.02B
TD
Toronto Dominion Bank
TD
$121.180.02%3.52%4.26200.20B
GWO.TO
Great-West Lifeco
GWO.TO
$92.140.37%2.88%2.6882.48B
CSH-UN.TO
Chartwell Retirement Residences
CSH-UN.TO
$22.030.23%2.76%0.627.17B
ACO-X.TO
ATCO
ACO-X.TO
$76.411.06%2.65%2.058.60B
BMO
Bank of Montreal
BMO
$180.820.07%2.72%4.88126.65B
NA.TO
National Bank of Canada
NA.TO
$227.020.23%2.14%4.8487.44B
POU.TO
Paramount Resources
POU.TO
$30.749.55%2.03%0.604.49B
TVE.TO
Tamarack Valley Energy
TVE.TO
$12.592.03%1.28%0.165.96B
FTS
Fortis
FTS
$55.920.67%3.26%1.8428.57B
TRI
Thomson Reuters
TRI
$100.151.56%1.23%1.2143.72B
RUS.TO
Russel Metals
RUS.TO
$70.250.73%2.43%1.723.86B
QBR-B.TO
Quebecor
QBR-B.TO
$67.225.94%2.29%1.4515.15B
KMP-UN.TO
Killam Apartment REIT
KMP-UN.TO
$18.690.75%3.87%0.722.33B
NWC.TO
The North West Company
NWC.TO
$49.561.55%3.26%1.642.35B
MGA
Magna International
MGA
$67.825.49%2.75%1.9718.14B
TCW.TO
Trican Well Service
TCW.TO
$6.010.83%3.63%0.221.26B
CF.TO
Canaccord Genuity Group
CF.TO
$14.760.41%2.78%0.401.48B
RCI
Rogers Communication
RCI
$34.541.80%5.89%2.0018.66B
PSK.TO
PrairieSky Royalty
PSK.TO
$33.992.75%3.17%1.057.90B
ALA.TO
AltaGas
ALA.TO
$53.881.72%2.45%1.3016.81B
CNQ
Canadian Natural Resources
CNQ
$45.451.56%3.80%1.7694.80B
NTR
Nutrien
NTR
$66.760.24%3.34%2.2032.05B
MFI.TO
Maple Leaf Foods
MFI.TO
$27.782.11%3.10%0.883.46B
SES.TO
Secure Energy Services
SES.TO
$24.310.91%1.70%0.415.30B
PBH.TO
Premium Brands
PBH.TO
$81.2914.29%3.58%3.404.23B
ENB
Enbridge
ENB
$51.700.46%7.37%3.83112.92B
IAG.TO
iA Financial
IAG.TO
$212.740.10%1.95%4.1618.99B
KBL.TO
K-Bro Linen
KBL.TO
$46.330.15%2.59%1.20597.73M
BAM
Brookfield Asset Management
BAM
$53.171.03%3.97%2.0184.90B
SLF
Sun Life Financial
SLF
$82.320.55%4.40%3.6045.63B
OTEX
OpenText
OTEX
$25.660.04%4.24%1.096.23B
CAR-UN.TO
Canadian Apartment Properties REIT
CAR-UN.TO
$34.311.46%4.46%1.555.31B
CGAU
Centerra Gold
CGAU
$19.811.80%1.03%0.203.93B
MFC
Manulife Financial
MFC
$44.580.29%4.06%1.8174.26B
QSR
Restaurant Brands International
QSR
$72.922.11%3.56%2.6033.28B
SIS.TO
Savaria Corporation
SIS.TO
$30.841.95%1.82%0.552.22B
SU
Suncor Energy
SU
$61.352.34%3.77%2.3772.44B
H.TO
Hydro One
H.TO
$56.421.16%2.34%1.3433.86B