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

Lady holding remote control pointed towards a TV
Dividend Stocks

Better Buy in November: Rogers Communications (TSX:RCI.B) or BCE (TSX: BCE)?

| Kris Knutson

Getting yield can be tricky, but after the pullback in telecom stocks like Rogers Inc. (TSX:RCI.B)(NYSE:RCI) are there finally some…

Read more »

question marks written reminders tickets
Dividend Stocks

Theatres Are Dead: Can We Please Stop Investing in Companies Like Cineplex (TSX:CGX)?

| Chris MacDonald

In ten years, I believe companies like Cineplex Inc. (TSX:CGX) will have gone the way of the Do-Do, and investing…

Read more »

hand using ATM
Dividend Stocks

Millennials: This Simple Financial Tip Could Change Your Life

| Nelson Smith

Ditch the high-interest savings account and buy Bank of Nova Scotia (TSX:BNS)(NYSE:BNS) shares instead. Your wallet will thank you.

Read more »

Profit dial turned up to maximum
Dividend Stocks

2 Popular Dividend Stocks for Colossal Price Appreciation

| Kay Ng

Trading Suncor Energy (TSX:SU)(NYSE:SU) and Canadian Natural Resources (TSX:CNQ)(NYSE:CNQ) stocks strategically can lead to mammoth profits!

Read more »

IMAGE OF A NOTEBOOK WITH TFSA WRITTEN ON IT
Dividend Stocks

3 Things to Do Today If You Want to Get Your TFSA to $1,000,000

| David Jagielski

The dividend income that you'll earn from a stock like Enbridge Inc (TSX:ENB)(NYSE:ENB) can play a big role in your retirement…

Read more »

Arrowings ascending on a chalkboard
Dividend Stocks

Accelerate Your Wealth Creation With This 1 Growth Stock

| Victoria Hetherington

Here’s why Magna International Inc. (TSX:MG)(NYSE:MGA) is a strong buy for investors bullish on the international auto industry.

Read more »

Payday ringed on a calendar
Dividend Stocks

How to Make an Extra $300 a Month in Passive Income

| Daniel Da Costa

Finding highly stable dividend stocks that can grow their distributions, such as Cineplex Inc (TSX:CGX), is the best way to…

Read more »

Gold bars
Dividend Stocks

Here’s a Safe Haven Stock to Own in a Bear Market

| Karen Thomas, MSc, CFA

Kirkland Lake Gold Ltd. (TSX:KL) (NYSE:KL) has emerged as the gold stock to own for a safe haven.

Read more »

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

3 Recession-Proof “Cash Cows” for a Secure 2020

| Brian Pacampara, CFA

Stop gambling! This herd of cash cows, including Franco-Nevada (TSX:FNV)(NYSE:FNV), can help build your wealth the prudent way.

Read more »

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

The Greatest Dividend Stock You’ve Never Heard of Just Went on Sale

| Joey Frenette

NFI Group Inc. (TSX:NFI) is an example of an overlooked stock that could make contrarian income investors rich.

Read more »

Growth from coins
Dividend Stocks

3 Top High-Yield Dividend Stocks for November

| Brian Pacampara, CFA

This trio of top dividend plays, including Toronto-Dominion Bank (TSX:TD)(NYSE:TD), can provide the fat income you need now.

Read more »

TELECOM TOWERS
Dividend Stocks

Why I’ve Flipped My Recommendation on Shaw Communications Inc. (TSX:SJR.B)

| Chris MacDonald

At this point in time, long-term investors ought to take a deeper look at Telus Corporation (TSX:T)(NYSE:TU) over Shaw Communications Inc. (TSX:SJR.B)(NYSE:SJR),…

Read more »

Bank sign on traditional europe building facade
Dividend Stocks

TFSA Investors: This Small-Cap Bank Stock Is Too Cheap to Ignore!

| Andrew Button

The small Canadian bank, VersaBank (TSX:VB), is extremely cheap despite strong growth metrics

Read more »

Businessmen teamwork brainstorming meeting.
Dividend Stocks

TFSA Investors: 3 Dividend Stocks Yielding Up to 9%

| David Jagielski

Empire Company Limited (TSX:EMP.A) and these two other stocks are great options for dividend investors in need of some recurring cash…

Read more »

Dollar symbol and Canadian flag on keyboard
Dividend Stocks

2 Great Canadian Stocks to Buy for Upside

| Victoria Hetherington

Canada Goose Holdings Inc. (TSX:GOOS)(NYSE:GOOS) and one other top Canadian stock could reward investors with upside in the long term.

Read more »

Portrait of woman having fun in the street.
Dividend Stocks

BCE (TSX:BCE) Reported Earnings This Week, but That’s Not the Biggest Thing That Happened to it

| Daniel Da Costa

BCE Inc (TSX:BCE)(NYSE:BCE) reported earnings this week, and, as usual, the numbers came in strong, but a media deal it…

Read more »

Cogs turning against each other
Dividend Stocks

TFSA Investors: 1 Dividend Stock to Buy and Hold Forever

| Adam Othman

For investors looking to diversify into insurance stocks, iA Financial is one of the safest dividend stocks to consider buying.

Read more »

Index funds
Dividend Stocks

3 High-Yield Dividend Stocks With Juicy Yields Reaching 6.17%

| Adam Othman

Pembina Pipeline, TC Energy, and Emera are three high-yield dividend stocks to consider in the energy sector.

Read more »

Hand arranging wood block stacking as step stair with arrow up.
Dividend Stocks

Lazy Retirees: 3 Top Dividend Growth Stocks for 2020

| Brian Pacampara, CFA

This group of dividend-growth streakers, including Bank of Nova Scotia (TSX:BNS)(NYSE:BNS), can help build your wealth the prudent way.

Read more »

Upwards momentum
Dividend Stocks

2 High-Yield Dividend Stocks With Outrageous Dividend Growth

| Adam Othman

Enbridge and Granite REIT are two high-yield dividend stocks that are growing at an amazing rate.

Read more »

Knowledge concept with quote written on wooden blocks
Dividend Stocks

3 Boring, Defensive Long-Term Winners

| Chris MacDonald

Looking for boring? Try Canadian National Railway Company (TSX:CNR)(NYSE:CNI), Canadian Pacific Railway Limited (TSX:CP)(NYSE:CP), and Enbridge Inc. (TSX:ENB)(NYSE:ENB).

Read more »

edit Woman calculating figures next to a laptop
Dividend Stocks

The Wheels Have Really Come Off Maple Leaf Foods (TSX:MFI) Stock: Is it Time to Load Up?

| Rahim Bhayani

Take a close look at Maple Leaf Foods (TSX:MFI) stock, as it sets up for monster returns in 2020 after…

Read more »

Piggy bank next to a financial report
Dividend Stocks

The #1 Type of Investment to Buy for Your RRSP and TFSA

| Christopher Liew, CFA

Confused at what to buy for your RRSP and TFSA? Look no further than buying good-quality companies such as Sun…

Read more »

Mature financial advisor showing report to young couple for their investment
Dividend Stocks

Married Couples: Boost Your After-Tax RRSP With This 1 Superb Trick

| Christopher Liew, CFA

Knowing this neat trick will help you grow a larger after-tax RRSP for you and your spouse. Invest in great…

Read more »

Payday ringed on a calendar
Dividend Stocks

Buy This Monthly Income Stock Today

| Kris Knutson

Canada has a number of stocks that pay monthly dividends and distributions like A&W Revenue Royalties Income Fund (TSX:AW.UN) which…

Read more »

Road sign warning of a risk ahead
Dividend Stocks

Retirees: Income Now Comes at Great Risk

| Kris Knutson

A year ago you could throw a dart at dividend stocks like Emera Inc. (TSX:EMA) and pretty much pick a…

Read more »

Growth from coins
Dividend Stocks

TFSA Investors: 2 Passive-Income Stocks Yielding 6-8% With More Going for Them Than Just Their Dividends

| Joey Frenette

Hungry income investors ought to check out TransAlta Renewables Inc. (TSX:RNW) and this REIT if they desire safe income and…

Read more »

Businessman holding tablet and showing a growing virtual hologram of statistics, graph and chart with arrow up on dark background. Stock market. Business growth, planning and strategy concept
Dividend Stocks

Looking to Recession-Proof Your Portfolio? Consider These 3 Gems

| Chris MacDonald

For those looking to recession-proof their portfolio, consider three of my top picks: Westshore Terminals Investment Corp. (TSX:WTE), WPT Industrial Real…

Read more »

Canadian Dollars
Dividend Stocks

Get Paid During a Recession With This 1 Dividend King

| Adam Othman

Weather recession comfortably with decent monthly dividends by the dividend aristocrat Inter Pipeline.

Read more »

IMAGE OF A NOTEBOOK WITH TFSA WRITTEN ON IT
Dividend Stocks

2 Incredible Dividend Stocks for Your TFSA

| Adam Othman

Canadian Imperial Bank of Commerce is one of the best dividend-paying stocks you can consider for your TFSA right now.…

Read more »

Simple life style relaxation with Asian working business woman healthy lifestyle take it easy resting in comfort hotel or home living room having free time with peace of mind and self health balance
Dividend Stocks

TFSA Investors: 3 Stocks to Hold for Decades

| Nelson Smith

You'll want to own stocks like Capital Power (TSX:CPX), Northwest Healthcare Properties REIT (TSX:NWH.UN), and Waste Connections (TSX:WCN)(NYSE:WCN) for a…

Read more »

Pixelated acronym REIT made from cubes, mosaic pattern
Dividend Stocks

Lazy Landlords: Your $1,000/Month Passive Income Stream Is Closer Than You Think

| Nelson Smith

Looking for sustainable passive income? Don't look any further than H&R REIT (TSX:HR.UN).

Read more »

Oil pumps against sunset
Dividend Stocks

Is Canada Less Friendly to Oil Than the U.S.?

| Debra Ray

Encana (TSX:ECA)(NYSE:ECA) has confirmed that the company intends to shift its incorporation over to the United States from Canada to…

Read more »

Various Canadian dollars in gray pants pocket
Dividend Stocks

How to Make $350 a Month in Tax-Free Passive Income

| Joey Frenette

Why Telus Corporation (TSX:T)(NYSE:TU) and another stock can help you turn your TFSA into a massive income supplement.

Read more »

Volatile market, stock volatility
Dividend Stocks

Rogers (TSX:RCI.B) Stock Took a Nosedive – Buy It Cheap Now!

| Adam Othman

Rogers Communications Inc, one of Canada's three largest telecommunication sector stocks, is down by a large margin all of a…

Read more »

Happy couple being attended by office worker at office
Dividend Stocks

TFSA Wealth: How Canadian Couples Can Generate $577 Per Month in Tax-Free Income

| Andrew Walker

The TFSA is a great tool for Canadian families to generate passive income that isn't shared with the tax authorities.…

Read more »

A colourful firework display
Dividend Stocks

3 Explosive Growth Stocks to Own for Decades

| Christopher Liew, CFA

Growth investors are in luck with the Air Canada stock, Ballard Power Systems stock, and Capital Power stock. All three…

Read more »

Pixelated acronym REIT made from cubes, mosaic pattern
Dividend Stocks

TFSA Investors: 3 REITs Yielding More Than 6%

| David Jagielski

Plaza Retail REIT (TSX:PLZ.UN) and these two other REITs are great options for investors that are looking for some recurring…

Read more »

IMAGE OF A NOTEBOOK WITH TFSA WRITTEN ON IT
Dividend Stocks

TFSA Investors: This Stock Could Be Your Secret Weapon in a Recession

| Andrew Button

If you're bracing for a coming recession, Dollarama Inc (TSX:DOL) stock could be your secret weapon

Read more »

Dividend Stocks

This Warren Buffett Stock Is at the Top of My TFSA Buy List!

| Joey Frenette

Here's why Suncor Energy Inc. (TSX:SU)(NYSE:SU) is a Canadian gem through the eyes of Warren Buffett and why TFSA investors…

Read more »