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 »

Pipeline
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 »

Gold bullion on a chart
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 »

money cash dividends
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 »

Various Canadian dollars in gray pants pocket
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 »

IMAGE OF A NOTEBOOK WITH TFSA WRITTEN ON IT
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 »

Growing plant shoots on coins
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

Tired or stressed businessman sitting on the walkway in panic digital stock market financial background
Dividend Stocks

2 Tried-and-True Stocks to Buy for a Looming Bear Market

| Christopher Liew, CFA

The threat of recession has diminished but Is not completely gone. Bank of Montreal stock and Fortis stock are the…

Read more »

Female hand holding piggy bank. Save money and financial investment
Dividend Stocks

Retirement Savers: 3 Ultra-Safe ETFs for Your RRSP or TFSA

| Andrew Button

If you're saving for retirement, funds like iShares Core Capped S&P/TSX Composite Index ETF (TSX:XIC) can be great bets.

Read more »

Early retirement handwritten in a note
Dividend Stocks

2 Great Canadian Dividend Stocks for New Investors

| Victoria Hetherington

Here’s why Brookfield Renewable Partners LP (TSX:BEP.UN)(NYSE:BEP) and Telus Corp. (TSX:T)(NYSE:TU) would suit a new long-term income investor.

Read more »

Close up shot of senior couple holding hand. Loving couple sitting together and holding hands. Focus on hands.
Dividend Stocks

Retirement Reality: Do You Have Any Hope of Reaching $1,000,000?

| Christopher Liew, CFA

Don’t be caught off guard when you reach actual retirement. The best preparation is to save and invest in Enbridge…

Read more »

Happy couple being attended by office worker at office
Dividend Stocks

Toronto-Dominion Bank (TSX:TD) Will Benefit From the Fed’s Rate Cut

| Matt Smith

Toronto-Dominion Bank (TSX:TD)(NYSE:TD) is poised to soar as the U.S. economy strengthens.

Read more »

Silhouette of businessman sit on chair and hold a cigar and looking at the city in night.
Dividend Stocks

Passive Income 101: How to Turn Your $70,000 TFSA Into a Safe $450/Month Income Stream

| Joey Frenette

Inovalis REIT (TSX:INO.UN) is an example of one security that could make TFSA investors filthy rich with income.

Read more »

Oil pumps against sunset
Dividend Stocks

Is it Time to Buy This Monster 13.7% Oil Yield?

| Nelson Smith

Dividends don't get much better than Vermilion Energy's (TSX:VET)(NYSE:VET) 13.7% payout. But is the distribution safe?

Read more »

Road sign warning of a risk ahead
Dividend Stocks

A 12.5% Ultra-High-Yield Dividend Stock I Would Avoid Right Now!

| Adam Othman

One of the smallest REITs in the country has one of the largest dividend yields. Is American Hotel Income Properties…

Read more »

growing plant shoots on stacked coins
Dividend Stocks

TFSA Investors: 3 Dividend Stocks to Hold Forever and Retire

| Aditya Raghunath

Take a look at three strong dividend-paying stocks as recession calls get louder.

Read more »

House Key And Keychain On Wooden Table
Dividend Stocks

A TFSA Dividend Stock for Steady Growth and Income

| Karen Thomas, MSc, CFA

Intact Financial Corp. (TSX:IFC) is a dividend stock for TFSA investors to achieve safe and growing income.

Read more »

Payday ringed on a calendar
Dividend Stocks

TFSA Stock Alert: Are You Ready to Earn $3,500 Per Month in Tax-Free Retirement Income?

| Rahim Bhayani

Buy Telus Corporation (TSX:T)(NYSE:TU) stock if you want to capitalize on the continuing trend of customers spending money on home…

Read more »

Various Canadian dollars in gray pants pocket
Dividend Stocks

TFSA Wealth: A Top Dividend Stock to Back Up the Truck on by 2020

| Joey Frenette

Shaw Communications Inc. (TSX:SJR.B)(NYSE:SJR) is a dividend-growth stock that blows the competition out of the water.

Read more »

Man holding magnifying glass over a document
Dividend Stocks

RRSP Investors: 1 Defensive Stock to Watch Today

| Ambrose O'Callaghan

Saputo Inc. (TSX:SAP) is a defensive stock that has struggled in 2019, and it is set to release its next…

Read more »

Value for money
Dividend Stocks

Value Investors: Buy This 8%-Yielding Stock Today

| Kris Knutson

The oil Canadian oil sector has been the market's punching bag, but it's finally time to buy high-yield stocks like…

Read more »

Canadian Dollars
Dividend Stocks

Alert: Earn $100/Week in Passive Income From Your TFSA

| Nelson Smith

Great stocks like CT REIT (TSX:CRT.UN) and Alaris Royalty Corp (TSX:AD) can help you generate some serious passive income inside…

Read more »

Early retirement handwritten in a note
Dividend Stocks

Retire Early With These 6.5%-Yielding REIT Stocks

| Adam Othman

NorthWest Health Prop Real Est stock and Slate Office REIT stock are two high-yield dividend payers that can help you…

Read more »

House Key And Keychain On Wooden Table
Dividend Stocks

How to Become a Real Estate Mogul With a Single Stock

| Ryan Vanzo

If you want to own real estate but don't necessarily have the time or expertise required, simply invest in Brookfield…

Read more »

edit Woman calculating figures next to a laptop
Dividend Stocks

RBC (TSX:RY) Prepares for Brexit in London

| Debra Ray

High-dividend stock Royal Bank of Canada (TSX:RY)(NYSE:RY) reduced its workforce in London to divert resources to areas of higher client…

Read more »

Various Canadian dollars in gray pants pocket
Dividend Stocks

Dividend Investors: 2 Canadian ETFs to Buy and Hold for Life!

| Andrew Button

Canadian dividend ETFs like the BMO Canadian Dividend ETF (TSX:ZDV) have high yields

Read more »

woman data analyze
Dividend Stocks

1 Stock That Can Recession-Proof Your TFSA

| Ambrose O'Callaghan

Andrew Peller Ltd. (TSX:ADW.A) is a stock I like as economic headwinds build up.

Read more »

data analytics, chart and graph icons with female hands typing on laptop in background
Dividend Stocks

A Top Financial Stock for Your TFSA or RRSP

| Mat Litalien, MBA

goeasy Ltd (TSX:GSY) is the top-performing financial stock on the TSX Index. Expect this outperformance to continue.

Read more »

Man considering whether to sell or buy
Dividend Stocks

TFSA Users: 2 High-Yield Dividend Stocks to Buy and 1 to Sell

| Christopher Liew, CFA

When all the uncertainties, TFSA users have to be more cautious with investment choices. Pembina stock and Capital Power stock…

Read more »

A close up image of Canadian $20 Dollar bills
Dividend Stocks

TD Bank (TSX:TD) Stock Has an Absurd 162-Year Dividend Streak!

| Christopher Liew, CFA

It’s hard to believe that a company has a dividend track record of 162 years. Toronto-Dominion Bank stock has that…

Read more »

Businessman looking at a red arrow crashing through the floor
Dividend Stocks

Bargain Hunters: 2 Cheap Stocks to Buy After a Market Crash

| Christopher Liew, CFA

High Liner Foods stock and Whitecap Resources stock are two of the cheaper investment options for bargain hunters. The respective…

Read more »

Champagne poured into a row of flutes
Dividend Stocks

2 Alcohol Stocks That Will Lift Your Spirits in a Recession

| Daniel Da Costa

The alcohol sector is more resilient in poor economic times compared to other discretionary items and there are high-quality stocks…

Read more »

Shopping card with boxes labelled REITs, ETFs, Bonds, Stocks
Dividend Stocks

Recession Coming? Stash Your Cash in These 3 ETFs

| Kris Knutson

There's a good chance we are heading for a downturn in the near future, so use cash ETFs like the…

Read more »

Volatile market, stock volatility
Dividend Stocks

2 Overvalued TSX Index Stocks That Could Plunge

| Joey Frenette

Magna International Inc. (TSX:MG)(NYSE:MGA) and another value trap that could scar your portfolio.

Read more »

edit Close-up Of A Piggybank With Eyeglasses And Calculator On Desk
Dividend Stocks

1 David vs. Goliath Bank Stock to Buy Instead of RBC (TSX:RY)

| Adam Othman

It might be time to look past the Big Six and check out Canadian Western Bank stock, an underdog with…

Read more »

Businessperson's Hand Putting Coin In Piggybank
Dividend Stocks

Earn Passive TFSA Income With This Attractive 5.19% Dividend Yielder

| Adam Othman

Generating a passive income can be challenging. Focusing on reliable dividend-paying stocks like Pembina Pipeline can help you create the…

Read more »

A brown bear sitting on a rock
Dividend Stocks

One Super Dividend Aristocrat to Buy for a Recession-Proof Portfolio

| Adam Othman

With a recession increasing fears of a market crash, stocks like Canadian Utilities might be the best way to protect…

Read more »

Growing plant shoots on coins
Dividend Stocks

Get Rich Safely With This High-Quality Dividend-Growth Stock

| Nelson Smith

The best way to get rich safely is to focus on high-quality stocks. Intact Financial (TSX:IFC) fits the bill perfectly.

Read more »

Businessmen teamwork brainstorming meeting.
Dividend Stocks

Is Enbridge’s (TSX:ENB) 6.1% Dividend Safe?

| David Jagielski

With potentially more headwinds facing Enbridge Inc (TSX:ENB)(NYSE:ENB), investors may want to have a second look at its dividend.

Read more »

Lady holding mobile phone and shopping bags
Dividend Stocks

Is Shopify (TSX:SHOP) Stock a Good Buy at Over $400 a Share?

| Adam Othman

Canada’s blue-eyed tech stock Shopify has enjoyed a fantastic run since its IPO, but things don’t seem that great now.…

Read more »

Business success with growing, rising charts and businessman in background
Dividend Stocks

TFSA Investors: Here’s a Safe Dividend-Growth Stock to Buy and Hold

| Karen Thomas, MSc, CFA

Fortis Inc. (TSX:FTS)(NYSE:FTS) increased its dividend again in 2019, the 46th consecutive year of dividend increases, making Fortis stock a…

Read more »

Businessperson's Hand Putting Coin In Piggybank
Dividend Stocks

Millennials: 3 Easy Steps to Becoming a TFSA Millionaire

| Kay Ng

Here’s how your TFSA and Enbridge (TSX:ENB)(NYSE:ENB) stock can make you a millionaire sooner than you think!

Read more »

Female hand holding piggy bank. Save money and financial investment
Dividend Stocks

TFSA Investors: 3 Forever Stocks

| Ambrose O'Callaghan

Stocks like Fortis Inc. (TSX:FTS)(NYSE:FTS) and Royal Bank of Canada (TSX:RY)(NYSE:RY) are worth holding for decades in your TFSA.

Read more »

data analytics, chart and graph icons with female hands typing on laptop in background
Dividend Stocks

Looking for Growth Stocks? Try These 4 Disruptive Industries

| Victoria Hetherington

Alternative finance outfits such as goeasy Ltd. (TSX:GSY) could disrupt conventional banking. Here are three other sources of hidden upside.

Read more »

Growth from coins
Dividend Stocks

Passive-Income Investors: 2 Top Dividend Stocks for Your TFSA

| Andrew Walker

Searching for ways to get the best return from your savings without taking on too much risk?

Read more »

Man holding magnifying glass over a document
Dividend Stocks

1 Top Stock to Buy as the Energy Sector Shifts Focus

| Victoria Hetherington

Cameco Corp. (TSX:CCO)(NYSE:CCJ) is a strategic play on uranium, as trends in energy begin to shift focus.

Read more »

Financial technology concept.
Dividend Stocks

This Absurdly Cheap Dividend Stock Just Hit a Colossal Buy Signal!

| Joey Frenette

Of all stocks on the TSX index, Shaw Communications Inc. (TSX:SJR.B)(NYSE:SJR) looks like the timeliest bet. Here's why.

Read more »