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

Printing canadian dollar bills on a print machine
Dividend Stocks

Canadian Dividend Machines: Stocks That Generate Passive Income

| Rajiv Nanjapla

Given their solid underlying businesses and consistent dividend growth, these three stocks could boost your passive income.

Read more »

dividends grow over time
Dividend Stocks

Buy 370 Shares of This Super Dividend Stock for $838.60 in Passive Income

| Amy Legate-Wolfe

This dividend stock is the gift that keeps on giving, especially when it comes to steady passive income for life!

Read more »

Dividend Stocks

2 Top REITs in Canada for Trustworthy Dividends

| Joey Frenette

H&R REIT (TSX:HR.UN) and another top play for income investors seeking huge yields.

Read more »

Dividend Stocks

3 Canadian Dividend Stocks With a Real Chance of Doubling Your TFSA’s Value

| Amy Legate-Wolfe

Want TFSA income? These are the top dividend stocks that could truly, actually, seriously double your TFSA's value in the…

Read more »

Dividend Stocks

Is BCE Stock a Smart Buy Now for Dividends?

| Robin Brown

BCE's dividend yield is high but beware of a dividend yield trap.

Read more »

A plant grows from coins.
Dividend Stocks

Set and Forget: 1 Dividend Stock That Could Create $8,249.60 in Tax-Free Income in 10 Years

| Amy Legate-Wolfe

This dividend stock is a prime option for investors looking for long-term dividend income. And the numbers prove it.

Read more »

Dividend Stocks

Is BCE Stock a Buy Just for its 8.8% Dividend Yield?

| Andrew Walker

BCE took a beating over the past two years. Is the stock now oversold?

Read more »

Dividend Stocks

Retirees: 2 High-Yield Dividend Stocks to Buy in July

| Amy Legate-Wolfe

Dividend income and long-term growth? You get that and more from investing in these top-notch dividend stocks on the TSX…

Read more »

Dividend Stocks

Want Fast-Growing Passive Income? Here are 3 Long-Term Dividend Stocks

| Karen Thomas, MSc, CFA

Stocks like Telus and Canadian Natural Resources have a long history of generating passive income for investors.

Read more »

Dividend Stocks

5 Amazing Dividend Stocks With a 5% Yield

| Sneha Nahata

These high yield stocks have a growing earnings base and a solid history of dividend distributions and growth.

Read more »

Dividend Stocks

This 7.4% Dividend Stock Pays Cash Every Month

| Aditya Raghunath

Decisive Dividend is a small-cap dividend stock that pays shareholders a tasty dividend while trading at a compelling multiple.

Read more »

Dividend Stocks

To Make $631.66 Annually While Doing Nothing, Invest $9,000 in These 3 Stocks

| Amy Legate-Wolfe

Do you need extra cash? These three are top-notch options that can bring in stellar dividends without lifting a finger.

Read more »

Dividend Stocks

How Much Do You Need to Invest to Get $1,500/Month From Dividend Stocks?

| Amy Legate-Wolfe

Are you looking for income that lasts? While it may not be cheap, investors can create a huge passive-income portfolio…

Read more »

Dividend Stocks

Outperform the TSX With This Lucrative Dividend Stock

| Joey Frenette

Brookfield Asset Management (TSX:BAM) and another top dividend play could beat the TSX handsomely.

Read more »

Pile of Canadian dollar bills in various denominations
Dividend Stocks

Passive Income: How Much Cash to Invest to Get $5,000 Per Year

| Andrew Button

You can get to $5,000 in annual passive income by investing in Fortis Inc (TSX:FTS) stock.

Read more »

Dividend Stocks

Why I Can’t Stop Buying Shares of This Magnificent High-Yield Stock in My RRSP

| Aditya Raghunath

Holding high-yield dividend stocks such as Enbridge in an RRSP can help Canadian investors build long-term wealth.

Read more »

Dividend Stocks

60 Stocks Under $50 New Investors Can Buy Confidently

| Brian Paradza, CFA

New investors in Canadian stocks could add an outperforming edge and gain wide diversification at $33 a share

Read more »

Aerial view of a wind farm
Dividend Stocks

2 TSX Dividend Stocks to Buy in June

| Chris MacDonald

Here are two top Canadian dividend stocks long-term investors may want to consider for their income generation potential and growth.

Read more »

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

Passive Income: How to Make $6,331.54 Per Month Tax-Free

| Amy Legate-Wolfe

Looking for passive income that takes absolutely no effort? Consider this line of income: a TFSA and an ETF for…

Read more »

Dividend Stocks

Million-Dollar TFSA: 1 Way to Achieve 7-Figure Wealth

| Amy Legate-Wolfe

These steps can certainly get you towards a seven-figure TFSA, but it's going to take some time. You may get…

Read more »

Dividend Stocks

BCE Stock Pays a Massive 8.9% Dividend, and Now Is a Great Time to Buy

| Adam Othman

This high-yielding dividend stock looks like an attractive buy, but do Canadians need to be cautious about this telecom giant?…

Read more »

Dividend Stocks

TFSA Investors: This 8.49% Dividend Stock Pays Cash Every Month

| Adam Othman

Boasting a strong history of dividend payments and growth, this monthly dividend stock can be an excellent investment to own…

Read more »

bulb idea thinking
Dividend Stocks

The 2 Smartest Dividend Stocks to Buy With $1,000 Right Now

| Jitendra Parashar

You can expect strong returns from these two Canadian dividend stocks without exposing yourself to excessive risk.

Read more »

protect, safe, trust
Dividend Stocks

How to Earn Safe Dividends With Just $10,000

| Jitendra Parashar

A $10,000 investment in this safe Canadian stock could help you earn $674 in dividend income every year.

Read more »

dividends grow over time
Dividend Stocks

2 High-Yielding TSX Dividend Stocks to Buy in June 2024

| Adam Othman

These two dividend stocks in arguably oversold territory have high-yielding dividends that you can lock into your self-directed investment portfolio…

Read more »

Dividend Stocks

TFSA Total Returns: 2 Top Dividend Stocks With High Yields and Huge Upside Potential

| Andrew Walker

These top TSX dividend stocks look cheap and now offer high yields.

Read more »

Dividend Stocks

Better Buy: Manulife Stock or Great-West Life Stock?

| Amy Legate-Wolfe

These insurance and asset managers have done incredibly well in the last year, but which has the brighter future of…

Read more »

Dividend Stocks

This 6.5 Percent Dividend King Pays Out Every Month

| Jitendra Parashar

Besides Sienna’s focus on new projects, Canada’s demographics also support its growth prospects, making it a reliable monthly dividend stock…

Read more »

Dividend Stocks

Soaring Dividends: 2 TSX Stocks Delivering Value at All-Time Highs

| Jitendra Parashar

Despite the recent broader market rally, these two TSX dividend stocks with a history of increasing dividends are still worth…

Read more »

Dividend Stocks

2 REITs on My Radar as Interest Rates Drop

| Adam Othman

High-quality REITs can give you high-yielding dividends monthly to earn a good passive income.

Read more »

Person holds banknotes of Canadian dollars
Dividend Stocks

This 6.57% Dividend Stock Pays Cash Every Month

| Amy Legate-Wolfe

Finding a great dividend stock to pick up at a great price can be a gold mine, but only if…

Read more »

money cash dividends
Dividend Stocks

Build the Ultimate Passive-Income Portfolio With Just $10,000

| Aditya Raghunath

Passive-income investors can hold GICs, dividend stocks, and dividend ETFs to create a stable stream of recurring income.

Read more »

A worker drinks out of a mug in an office.
Dividend Stocks

1 Dividend Stock to Buy if the Bank of Canada Keeps Cutting Rates 

| Amy Legate-Wolfe

This dividend stock is sure to benefit from ongoing cuts in the key interest rate and is already seeing some…

Read more »

Dividend Stocks

How Much Cash Do You Need to Quit Work and Live Off Dividend Income

| Andrew Button

Toronto-Dominion Bank (TSX:TD) pays a lot of dividend income. Can you live off of it in retirement?

Read more »

An analyst uses a computer and dashboard for data business analysis and Data Management System with KPI and metrics connected to the database for technology finance, operations, sales, marketing, and artificial intelligence.
Dividend Stocks

Invest $10,000 in This Dividend Stock for $1,398.40 in Passive Income 

| Amy Legate-Wolfe

This dividend stock offers a whopping 11.9% dividend yield right now, with returns that should fly high for this cyclical…

Read more »

Person holds banknotes of Canadian dollars
Dividend Stocks

This 6.1 Percent Dividend Stock Is My Pick for Instant Income

| Jitendra Parashar

Here’s what makes Transcontinental one of my top dividend stock picks right now for instant income.

Read more »

Pile of Canadian dollar bills in various denominations
Dividend Stocks

For a Shot at $5,000/Year in Passive Income, Buy 1,000 Shares of This TSX Stock

| Puja Tayal

Do you know you can build passive income with TSX stocks? A $22,000 investment can give you a shot at…

Read more »

Paper Canadian currency of various denominations
Dividend Stocks

Beat the TSX With This Cash-Gushing Dividend Stock

| Brian Paradza, CFA

A new Canoe EIT Income Fund (TSX:EIT.UN) investment could earn almost 9% yield annually, and the monthly dividend stock has…

Read more »

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

RRSP Wealth: 2 Great Dividend Stocks to Own for Total Returns

| Andrew Button

Dividend stocks like Fortis Inc (TSX:FTS) can be great additions to a well-diversified portfolio.

Read more »

Dividend Stocks

3 Cheap Stocks to Add to Your TFSA Before They Get Expensive

| Puja Tayal

The stock market has some lucrative TFSA stocks trading at multi-year lows. Now is a good time to buy these…

Read more »