Member Login
  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:

  • Procter & Gamble
  • Pembina Pipeline
  • Brookfield Infrastructure Partners
  • Fortis Inc.
  • Polaris Infrastructure

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

Dividend Stocks

1 Magnificent Dividend Stock Down 24% Offering a Once-in-a-Decade Valuation

| Amy Legate-Wolfe

This REIT may have had a hugely unfortunate last few years, but the numbers don't lie. It's now significantly undervalued.

Read more »

Dividend Stocks

TFSA Passive Income: Earn Over $600/Month

| Aditya Raghunath

Here's how TFSA investors can invest in high-dividend TSX stocks and create a stable passive-income stream in 2024.

Read more »

Dividend Stocks

2 Affordable Passive-Income Stocks That Pay Monthly

| Sneha Nahata

These TSX stocks have fundamentally strong business to support their monthly payouts. Moreover, these passive-income stocks offer high yield.

Read more »

TFSA (Tax free savings account) acronym on wooden cubes on the background of stacks of coins
Dividend Stocks

Here’s the Average TFSA Balance at Age 51 in Canada

| Amy Legate-Wolfe

As Canadians near retirement, that TFSA income looks might sweet. But don't worry if you're not near the average quite…

Read more »

A worker gives a business presentation.
Dividend Stocks

A Dividend Giant I’d Buy Over SmartCentres Stock Right Now

| Amy Legate-Wolfe

Sure, SmartCentres REIT (TSX:SRU.UN) looks like a strong option. But this other REIT might be far better.

Read more »

The sun sets behind a power source
Dividend Stocks

This Canadian Utility Stock Is Positioned for Long-Term Growth

| Kay Ng

This well-valued top utility stock offers a strong combination of income, growth potential, and financial stability.

Read more »

Dividend Stocks

2 Bargain Stocks Canadians Can Buy and Hold Forever

| Andrew Walker

These top TSX dividend stocks still look cheap.

Read more »

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

2 Magnificent Dividend Stocks I Plan to Add to My TFSA in September

| Sneha Nahata

Investment in these two magnificent dividend stocks can help TFSA investors generate reliable and tax-free passive income for decades.

Read more »

Pile of Canadian dollar bills in various denominations
Dividend Stocks

Turning $250 Monthly Into $180 Annual Dividend Income for Canadians

| Kay Ng

By saving $250 monthly and investing in solid dividend stocks, Canadians can grow their dividend income significantly over time.

Read more »

Dividend Stocks

My Top No-Brainer, High-Yield Dividend Stock to Buy in 2024

| Sneha Nahata

This TSX stock that stands out for its high yield and sustainable payouts.

Read more »

calculate and analyze stock
Dividend Stocks

Rate Cuts: What a Fed Cut Would Mean for Canadian Investors

| Amy Legate-Wolfe

Rate cuts have come to Canada, but the U.S. might be next. So, how can Canadians prepare?

Read more »

concept of real estate evaluation
Dividend Stocks

2 Reasons to Buy goeasy Stock Like There’s No Tomorrow

| Sneha Nahata

This TSX stock has a proven track record of delivering solid capital gains. It is a top choice for investors…

Read more »

Dividend Stocks

Hydro One: Should You Buy, Sell, or Hold?

| Rajiv Nanjapla

Hydro One would be an excellent buy in this volatile environment, given its low-risk utility business and healthy growth prospects.

Read more »

four people hold happy emoji masks
Dividend Stocks

Down 30%, This Magnificent Dividend Stock Is a Screaming Buy

| Jitendra Parashar

The recent declines in this fundamentally strong Canadian dividend stock have made its dividend yield look even more attractive.

Read more »

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

How Canadians Can Earn Big TFSA Income Tax-Free

| Andrew Button

If you hold Enbridge Inc (TSX:ENB) stock in your TFSA, you can get a lot of tax-free income.

Read more »

Piggy bank with word TFSA for tax-free savings accounts.
Dividend Stocks

TFSA: 3 Top TSX Stocks for Your $7,000 Contribution

| Amy Legate-Wolfe

All three of these stocks are one thing: essential. That's why each has become a blue-chip stock that's perfect for…

Read more »

Dividend Stocks

3 Canadian Dividend Stocks to Double Up On Today

| Robin Brown

Wondering what dividend stocks could deliver substantial upside from today? These three Canadian dividend stocks are worth doubling up on.

Read more »

Beware of bad investing advice.
Dividend Stocks

2 No-Brainer Stocks to Buy With Less Than $1,000

| Rajiv Nanjapla

Given their regulated businesses, healthy growth prospects, and reasonable valuations, these two TSX stocks are no-brainers in this volatile environment.

Read more »

Dividend Stocks

Canadian Dividend Machines: 3 Stocks That Generate Passive Income

| Kay Ng

Explore these top dividend stocks that offer consistent passive income with attractive yields and potential for solid long-term returns.

Read more »

TFSA (Tax free savings account) acronym on wooden cubes on the background of stacks of coins
Dividend Stocks

TFSA 101: Earn $250 Per Month Tax-Free

| Amy Legate-Wolfe

Are you looking for income that lasts? This company can provide you with $3,000 per year, or $250 per month,…

Read more »

A close up color image of a small green plant sprouting out of a pile of Canadian dollar coins "loonies."
Dividend Stocks

The High-Yield Dividend Stock Set to Dominate the TSX

| Aditya Raghunath

Key Royalties is a high-dividend TSX stock that can help you begin a steady stream of recurring income at a…

Read more »

Dividend Stocks

2 Canadian Dividend Stocks to Double Up on Today

| Andrew Walker

Investors can still find good dividend deals on the TSX.

Read more »

Dividend Stocks

1 Magnificent TSX Dividend Stock Down 14% to Buy and Hold Forever

| Amy Legate-Wolfe

This dividend stock might be down 14% in the last year, but it could certainly be a strong long-term buy.

Read more »

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

The Best Stocks to Invest $1,000 in Right Now

| Jitendra Parashar

Buying these underperforming Canadian stocks could help you earn strong returns on investments in the long run.

Read more »

Dividend Stocks

How to Use Your TFSA to Earn $5,000 Per Year in Tax-Free Income

| Andrew Walker

This TFSA strategy can reduce risk and boost yields for income investors.

Read more »

dividends grow over time
Dividend Stocks

2 Ridiculously Cheap Growth Stocks to Buy Hand Over Fist in 2024

| Amy Legate-Wolfe

If there are two areas primed for massive growth, it's these two. These stocks look incredibly cheap.

Read more »

Dividend Stocks

Canada Revenue Agency: 3 Essential Tax Breaks Canadians Shouldn’t Overlook

| Andrew Button

You can claim the dividend tax credit if you realize large dividends from First National Financial (TSX:FN) stock in a…

Read more »

Aerial view of a wind farm
Dividend Stocks

This Renewable Energy Giant Could Power Your Portfolio for Decades

| Chris MacDonald

Here's why Brookfield Renewable Partners (TSX:BEP.UN) could be the clean energy stock long-term investors want to consider right now.

Read more »

Dividend Stocks

This 5.6% Delicious Dividend Stock is My Pick for Instant Income

| Amy Legate-Wolfe

Emera stock (TSX:EMA) could be a top dividend stock to consider for those seeking out long-term, monthly income!

Read more »

Canada national flag waving in wind on clear day
Dividend Stocks

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

| Andrew Walker

These stocks should benefit as interest rates decline.

Read more »

Dividend Stocks

These 2 Canadian Stocks Are Next in Line to Pop

| Amy Legate-Wolfe

These two stocks are sure to pop as earnings bring in even more earnings for these stellar sectors.

Read more »

Dividend Stocks

What’s Going on With Pizza Pizza Stock?

| Amy Legate-Wolfe

Pizza Pizza (TSX:PZA) continues to offer a delicious dividend for investors, but is that enough?

Read more »

Pile of Canadian dollar bills in various denominations
Dividend Stocks

Passive Income: How to Make $180 Per Month Tax Free!

| Demetris Afxentiou

Passive-income stocks left to grow on their own are some of the best long-term ways to build your portfolio. Here's…

Read more »

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

3 Stocks to Buy and Hold for the Next Decade

| Kay Ng

For long-term investors, these three stocks offer stability and should become much more valuable in a decade.

Read more »

Dividend Stocks

We’re Only Getting Older: A Top Stock That Benefits From an Aging Population

| Jitendra Parashar

Besides the expected surge in the population aged 85 and older, this top stock could also benefit from sliding interest…

Read more »

Dividend Stocks

3 Top REITs in Canada for Stable Dividends

| Amy Legate-Wolfe

REITs can be a great way to make extra cash, and these three offer not just income, but safety in…

Read more »

Dividend Stocks

3 Bargain-Basement Canadian Stocks With Up to 7% Dividend Yields

| Amy Legate-Wolfe

Snatch up 3 quality companies at a discount, all while benefiting from solid dividends and the stability of a well-regulated…

Read more »

Dividend Stocks

3 Top Canadian Dividend Stocks for Stress-Free Passive Income

| Rajiv Nanjapla

Given their solid underlying businesses, consistent dividend payments, and healthy growth prospects, these three dividend stocks could deliver stress-free passive…

Read more »

Dividend Stocks

3 Magnificent Ultra-High-Yield Dividend Stocks That Are Screaming Buys in September

| Rajiv Nanjapla

Given their solid underlying businesses and healthy growth prospects, these three high-yield dividend stocks could be excellent buys this month.

Read more »

Piggy bank with word TFSA for tax-free savings accounts.
Dividend Stocks

TFSA: 2 Canadian Stocks to Buy and Hold for Tax-Free Gains

| Andrew Button

Brookfield (TSX:BN) stock could be a good long-term TFSA hold.

Read more »