Motley Fool Premium
  1. Category
    2. /
  2. Investing
    3. /
  3. Dividend Stocks
    4. /

Dividend Stocks

What are dividend stocks?

Dividend stocks are stocks that send you a sum of money (usually quarterly, but sometimes annually) simply for owning shares in the company.

To be clear, this money isn’t a capital gain, which you earn when share prices go up or when you sell the stock for profit. A dividend is more like a “bonus” that comes to you in the form of cash or more shares in the company’s stock.

Which companies have dividend stocks?

It’s important to note that not all companies pay out dividends. Dividend-paying companies are usually older, more established corporations that have a long track history of positive growth and expansion.

Usually when a company earns more money than it can reinvest in itself, it creates a dividend paying policy for shareholders. For that reason, you’ll rarely see growth companies, small caps, or start-ups issue dividends.

In Canada, some top dividend stocks include:

More information about dividend stocks in Canada:

To learn more about Dividend Stocks, take a look at our Guide to Dividend Investing for all the details.

Check back here for the most up to date information about dividend stocks in Canada.

Top Articles

A plant grows from coins.
Dividend Stocks

3 TSX Dividend Stocks That Could Pay You Forever

| Jed Lloren

Are you interested in dividend stocks? These three picks could pay you forever!

Read more »

Dividend Stocks

Enbridge Is a High-Yielding Canadian Dividend Stock to Buy Now and Own Forever

| Demetris Afxentiou

Are you looking for a high-yielding Canadian dividend stock to buy? Enbridge (TSX:ENB) has plenty to offer investors.

Read more »

Dividend Stocks

TFSA Investors: Why You Should Invest Your Room ASAP With These 3 Stocks

| Adam Othman

Choosing the right TFSA stocks for your portfolio might take some time. But with the right choices, you can stick…

Read more »

Dividend Stocks

How to Generate $500 in Passive Income Each Month

| Puja Tayal

Instead of letting the stock market control your earnings, take control. Earn stable passive income with this strategy.

Read more »

Dividend Stocks

Need Passive Income? Turn $5,000 Into $23.85 Every Month

| Amy Legate-Wolfe

If you're looking for passive income that comes in like a paycheque, this dividend stock provides that to you along…

Read more »

Dividend Stocks

TFSA Investors: Park These 2 TSX Stocks Before They Soar

| Adam Othman

Consider investing in these two Canadian stocks if you’re looking for assets to buy, hold, and park in a self-directed…

Read more »

A worker uses a double monitor computer screen in an office.
Dividend Stocks

This TSX Stock Is Super Cheap and Pays a Monster Dividend

| Puja Tayal

The bear market has created an opportunity to make short-term gains and lock in high dividends by buying this TSX…

Read more »

Dividend Stocks

3 Growth Stocks You Can Buy Right Now with Less Than $100

| Christopher Liew, CFA

Capital of less than $100 is enough to buy one of these three promising growth stocks that don't belong to…

Read more »

Recent Dividend Stocks News

Income and growth financial chart
Dividend Stocks

3 Canadian Dividend Stocks That Are Top Buys for Capital Growth

| Amy Legate-Wolfe

If you want dividend income and growth, these three overlooked Canadian stocks could quietly compound for years.

Read more »

Confused person shrugging
Dividend Stocks

Time to Ditch TELUS Stock and Buy This Dividend Play Instead?

| Amy Legate-Wolfe

As TELUS stumbles on cash flow and debt, Exchange Income’s diversified, essential businesses may offer steadier dividends and growth.

Read more »

Person uses a tablet in a blurred warehouse as background
Dividend Stocks

Dividend Investors: Consider This Real Estate Stock Today

| Aditya Raghunath

Dream Industrial REIT offers you an attractive yield and portfolio diversification making it a top investment in November 2025.

Read more »

dumpsters sit outside for waste collection and trash removal
Dividend Stocks

A Recession-Resistant Dividend Stock for Lifelong TFSA Income

| Amy Legate-Wolfe

This Canadian waste giant could be a TFSA-friendly dividend grower built to hold up when the economy slows.

Read more »

Silver coins fall into a piggy bank.
Dividend Stocks

This 2.6% Dividend Stock Pays Out Consistent Cash

| Adam Othman

Add this lesser-known TSX energy stock to your self-directed investment portfolio to leverage a consistent and reliable income-generating asset to…

Read more »

Person holding a smartphone with a stock chart on screen
Dividend Stocks

Better Dividend Stock in November: Telus or BCE?

| Joey Frenette

BCE (TSX:BCE) and the telecoms are in a bad spot right now, but the yields are tempting.

Read more »

top TSX stocks to buy
Dividend Stocks

This 6.1% Dividend Stock Pays Cash Every Single Month

| Jitendra Parashar

Steady rent growth, strong occupancy, and a reliable payout make this top monthly dividend stock worth considering for income-focused investors.

Read more »

Financial analyst reviews numbers and charts on a screen
Dividend Stocks

Safe Canadian Stocks to Buy Now and Hold During Market Volatility

| Kay Ng

Here are some relatively safe Canadian stocks to buy and hold for long-term wealth creation.

Read more »

Data center woman holding laptop
Dividend Stocks

This Canadian Stock Could Turn $20,000 Into $200,000

| Amy Legate-Wolfe

This under-the-radar transformer maker could be a quiet multi-bagger as electrification and data centres supercharge demand.

Read more »

Person holds banknotes of Canadian dollars
Dividend Stocks

This 10.4% Dividend Stock Pays Cash Every Month

| Brian Paradza, CFA

Are you building a retirement portfolio? Timbercreek Financial stock offers a massive 10.4% yield paid monthly. Here is why this…

Read more »

Hourglass and stock price chart
Dividend Stocks

A TSX Dividend Stock Down 15 Percent This Year to Buy for Lifetime Income

| Puja Tayal

Dividend investing cane help you build a sustainable source of passive income. And if you buy it at the dip,…

Read more »

Real estate investment concept with person pointing on growth graph and coin stacking to get profit from property
Dividend Stocks

7.7% Dividend Yield? Buy Up This Passive-Income Stock in Bulk!

| Jitendra Parashar

Backed by decades of payouts and a growing mortgage business, MCAN Mortgage’s 7.7% yield makes it an amazing dividend stock…

Read more »

Real estate investment concept
Dividend Stocks

Here Are My Top 2 TSX Stocks to Buy Right Now

| Christopher Liew, CFA

My top 2 TSX stock picks are ideal options if you’re investing for income and capital growth.

Read more »

Piggy bank on a flying rocket
Dividend Stocks

Which Dividend Stocks in Canada Can Survive Rate Cuts

| Jitendra Parashar

Here’s why these top Canadian dividend stocks could remain resilient in a falling-rate environment.

Read more »

Blocks conceptualizing Canada's Tax Free Savings Account
Dividend Stocks

How to Use Your TFSA to Create $5,000 in Tax-Free Passive Income

| Tony Dong, MSc, CETF®

Every share of this TSX income fund you buy will pay $0.10 a month in distributions.

Read more »

Concept of multiple streams of income
Dividend Stocks

This 6.2% Dividend Stock Pays Out Every Month

| Aditya Raghunath

Whitecap is a TSX dividend stock that offers shareholders a monthly payout and an attractive yield of 6.2%.

Read more »

man is enthralled with a movie in a theater
Dividend Stocks

Retired Canadians: The Smartest Income Stocks to Buy With $5,000

| Sneha Nahata

These Canadian dividend stocks have resilient business models, have consistently delivered solid earnings, and maintain sustainable payouts.

Read more »

dividend growth for passive income
Dividend Stocks

Buy 195 Shares of This Top Dividend Stock for $57/Month in Passive Income

| Puja Tayal

Discover how dividend stock can provide steady income. Learn about Granite REIT and its reliable payout history in Canada.

Read more »

Concept of multiple streams of income
Dividend Stocks

The Best Dividend Stocks for Canadians in 2025

| Puja Tayal

Find out how the stock market has shifted in 2025 and which dividend stocks are leading amidst changing economic conditions.

Read more »

Blocks conceptualizing the Registered Retirement Savings Plan
Retirement

RRSP Wealth: 2 Great Canadian Dividend Stocks to Buy in November

| Robin Brown

The RRSP should be part of your long-term retirement planning.

Read more »

TFSA (Tax-Free Savings Account) on wooden blocks and Canadian one hundred dollar bills.
Dividend Stocks

How to Use Your TFSA to Earn $331 Per Month in Tax-Free Income

| Sneha Nahata

These high-yield TSX stocks have durable payout history and well-positioned to maintain their monthly distributions.

Read more »

Paper Canadian currency of various denominations
Dividend Stocks

A Top Canadian Dividend Stock to Buy in November 2025

| Aditya Raghunath

Down 14% from all-time highs, Waste Connections is a TSX dividend stock that offers upside potential to shareholders.

Read more »

senior couple looks at investing statements
Retirement

Here’s the Average TFSA Balance at Age 64 in Canada

| Kay Ng

The TFSA shouldn't be your only place to draw retirement income. But even in retirement, your nest egg can still…

Read more »

woman looks at iPhone
Dividend Stocks

BCE Stock: Buy, Sell, or Hold?

| Tony Dong, MSc, CETF®

It may be time to say goodbye to this fallen dividend giant.

Read more »

coins jump into piggy bank
Dividend Stocks

How Beginners Can Turn a Pocket-Sized TFSA Into Serious Wealth

| Christopher Liew, CFA

Beginners have a long-term space to invest and turn a pocket-sized TFSA into serious wealth.

Read more »

stocks climbing green bull market
Dividend Stocks

2 Ultra-Low-Volatility Stocks With Solid Dividends

| Joey Frenette

Quebecor (TSX:QBR.B) and another low-beta stock that's worth buying for defence and dividends.

Read more »

RRSP (Registered Retirement Savings Plan) on wooden blocks and Canadian one hundred dollar bills.
Dividend Stocks

RRSP Investors: 2 TSX Stocks to Consider for 2026

| Andrew Walker

These top TSX dividend payers are on a roll.

Read more »

dividend stocks are a good way to earn passive income
Dividend Stocks

5 Best Canadian Dividend Stocks to Buy in November

| Sneha Nahata

Their growing earnings base, sustainable payouts, and focus on rewarding shareholders make them best income-generating options.

Read more »

senior couple looks at investing statements
Dividend Stocks

Top TSX Dividend Stocks for Retirees

| Andrew Walker

These stocks have long track records of dividend growth.

Read more »

Middle aged man drinks coffee
Dividend Stocks

Best Dividend Stocks to Buy Now for Canadian Investors

| Robin Brown

Are you worried about a market pullback in November? Here are three defensive dividend stocks to both protect and grow…

Read more »

dividends can compound over time
Dividend Stocks

5.6% Dividend Yield! I’m Buying This TSX Stock and Holding for Decades!

| Chris MacDonald

Here's why Enbridge (TSX:ENB) looks like one of the most overlooked energy plays in the Canadian market, and why investors…

Read more »

woman looks at iPhone
Dividend Stocks

The Top 3 Canadian Dividend Stocks I Think Belong in Everyone’s Portfolio

| Sneha Nahata

The reliable payouts of these TSX stocks and the potential for steady capital appreciation, makes them compelling investments.

Read more »

money goes up and down in balance
Dividend Stocks

This Canadian Dividend Stock Pays 5.6%

| Adam Othman

This TSX dividend star is worth watching closely if you are on the hunt for reliable long-term returns.

Read more »

Stethoscope with dollar shaped cord
Dividend Stocks

Why This Canadian REIT Could Be a Buy-and-Hold Forever Stock

| Karen Thomas, MSc, CFA

Northwest Healthcare Properties REIT is yielding 6.9% as it benefits from a relatively low-risk business model.

Read more »

A bull and bear face off.
Dividend Stocks

Is TC Energy Stock a Good Buy?

| Adam Othman

After increasing its dividends annually for over a quarter of a century, TC Energy (TSX:TRP) might still be an excellent…

Read more »

The TFSA is a powerful savings vehicle for Canadians who are saving for retirement.
Top TSX Stocks

TFSA Investors: 3 Dividend Stocks Worth Holding Forever

| Demetris Afxentiou

Here's a look at a trio of TFSA picks for passive income that can last a lifetime.

Read more »

customer uses bank ATM
Dividend Stocks

Got $1,000? BNS Stock Can Turn It Into a Passive-Income Stream

| Demetris Afxentiou

Want to build a passive-income stream? If you’re starting with a $1,000 pool, Scotiabank can be the anchor for your…

Read more »

data analyze research
Dividend Stocks

The Best Stocks to Invest $7,000 in Right Now

| Jitendra Parashar

As volatility keeps investors cautious, these two Canadian stocks remain solid options for putting $7,000 to work with confidence.

Read more »

woman checks off all the boxes
Dividend Stocks

The Smartest Dividend Stocks to Buy With $2,000 Right Now

| Chris MacDonald

These two stocks look like world-class winners but are being overlooked by dividend investors who may be focused on other…

Read more »

monthly calendar with clock
Dividend Stocks

This 3.5% Dividend Stock Pays Cash Every Month

| Aditya Raghunath

Exchange Income is a TSX dividend stock that offers you a yield of 3.5% and significant upside potential over the…

Read more »