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

Growth from coins
Dividend Stocks

2 Stocks That Will Grow for Decades

| Daniel Da Costa

Air Canada (TSX:AC)(TSX:AC.B) and Cargojet Inc. (TSX:CJT) have been rewarding investors the last few years, as they improve their efficiency…

Read more »

cup of cappuccino with a sad face
Dividend Stocks

Top 2 Reasons RBC (TSX:RY) Stock Missed Earnings

| Debra Ray

What you need to know about why the Royal Bank of Canada (TSX:RY)(NYSE:RY) failed to meet earnings goals for the…

Read more »

Profit dial turned up to maximum
Dividend Stocks

TFSA Investors: This Stock Could Be 1 of the Best Investments of 2020

| Jason Phillips

How has leading auto parts manufacturer Magna International Inc. (TSX:MG)(NYSE:MGA) created competitive advantages in the world of electrification, automation, and…

Read more »

young woman celebrating a victory while working with mobile phone in the office
Dividend Stocks

These 2 Rules Are Warren Buffett’s Keys to Success

| Daniel Da Costa

Royal Bank of Canada (TSX:RY)(NYSE:RY) is a great stock for long-term investors. Buying Royal Bank at a fair price will…

Read more »

Businessperson's Hand Putting Coin In Piggybank
Dividend Stocks

TFSA Investors: Don’t Miss Out on These Tax-Free Benefits

| Debra Ray

A Royal Bank of Canada (TSX:RY)(NYSE:RY) survey finds that TFSA investors don’t take full advantage of their benefits.

Read more »

Hands holding trophy cup on sky background
Dividend Stocks

New Investors: 2 Top TSX Stocks to Buy for Your Portfolio

| Victoria Hetherington

Enbridge Inc. (TSX:ENB)(NYSE:ENB) and a popular silver stock are looking like safe additions to a brand-new TSX portfolio at today's…

Read more »

You Should Know This
Dividend Stocks

Brexit Will Be the Black Swan Event of the Century

| Victoria Hetherington

With investors migrating towards quality, Barrick Gold Corp. (TSX:ABX)(NYSE:GOLD) is looking like a buy in the months preceding Brexit.

Read more »

Community homes
Dividend Stocks

TFSA Millionaires: Cash In on Student Housing

| Vishesh Raisinghani

Special housing for students is an overlooked niche. TFSA investors may gain exposure through REITs like Canadian Apartment Properties REIT…

Read more »

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

1 of the Best Dividend Stocks to Buy and Earn a 5% Yield

| Haris Anwar

This is what makes Bank of Nova Scotia (TSX:BNS)(NYSE:BNS) one of the best dividend stocks to buy now.

Read more »

edit Back view of hugging couple standing with real estate agent in front of house for sale
Dividend Stocks

4 Reasons to Invest in Stocks Over Real Estate

| Christopher Liew, CFA

You don't have to buy property to invest in real estate. Choice Properties Real Estate Investment Trust (TSX:CHP.UN) is an…

Read more »

close-up photo of investor Warren Buffett
Dividend Stocks

How Warren Buffett’s Tips Can Help You Generate a Growing Passive-Income Stream

| Peter Stephens

Following advice from the ‘Sage of Omaha’ could enhance your passive-income stream and lead to improving financial prospects in the…

Read more »

Group of industrial workers in a refinery - oil processing equipment and machinery
Dividend Stocks

The Smart Money Is Buying These Unloved Oil Stocks: Should You Buy, Too?

| Nelson Smith

The smart money is loading up on energy stocks like Suncor Energy Inc. (TSX:SU)(NYSE:SU) and Whitecap Resources Ltd. (TSX:WCP). Should…

Read more »

edit Business accounting concept, Business man using calculator with computer laptop, budget and loan paper in office.
Dividend Stocks

Should You Buy CIBC (TSX:CM) Before Thursday’s Earnings?

| Joey Frenette

Canadian Imperial Bank of Commerce (TSX:CM)(NYSE:CM) will be a hot topic going into Thursday. Should you buy its battered shares?

Read more »

growing dividends
Dividend Stocks

TFSA Investors: 3 Stocks Paying Up to 8.2% in Dividends

| David Jagielski

Canadian Western Bank (TSX:CWB) and these two other stocks offer investors some great value and recurring dividend income as well.

Read more »

Various Canadian dollars in gray pants pocket
Dividend Stocks

The Longest Dividend Growth Streaks in Canada

| Mat Litalien, MBA

Dividend growth investing is a great strategy for the conservative investor.

Read more »

The road to the future
Dividend Stocks

A Simple TFSA Strategy to Earn $7,645 in Tax-Free Income in 2020

| Andrew Walker

Here's how owning Bank of Nova Scotia (TSX:BNS)(NYSE:BNS), a top telecom player, and a pipeline giant can set you up…

Read more »

Retirement
Dividend Stocks

Retirees: Give Yourself a Raise With These 3 Passive-Income Machines

| Nelson Smith

You won't believe how much income high-yield stocks like Inter Pipeline Ltd. (TSX:IPL), Rogers Sugar Inc. (TSX:RSI), and Fiera Capital…

Read more »

Bank sign on traditional europe building facade
Dividend Stocks

Dividend Investors: The Best Canadian Bank Stock to Buy Right Now

| Kay Ng

Here’s why this cheap bank stock may be a better buy than Toronto-Dominion Bank (TSX:TD)(NYSE:TD).

Read more »

Gas pipelines
Dividend Stocks

This Dividend Stock Is Still Dividing Energy Investors

| Victoria Hetherington

AltaGas Ltd. (TSX:ALA) is still a divisive stock for some energy investors. However, here's why it's a moderate buy for…

Read more »

Arrow descending on a graph
Dividend Stocks

Recession Worries? Stash These Stocks and Stay Invested

| Victoria Hetherington

Northview Apartment REIT (TSX:NVU.UN) and two other defensive stocks make the cut in today's breakdown of risks in the global…

Read more »

Businessmen teamwork brainstorming meeting.
Dividend Stocks

3 High-Yielding Dividend Stocks on the Verge of a Breakout

| Daniel Da Costa

SIR Royalty Income Fund (TSX:SRV.UN), Gamehost Inc (TSX:GH), and Alaris Royalty Corp. (TSX:AD) are all stocks on the verge of…

Read more »

Retirement plan
Dividend Stocks

Retire Early With This Blue-Chip Dividend Stock

| Jason Phillips

Find out what’s so great about buying a stake in Brookfield Renewable Partners LP (TSX:BEP.UN)(NYSE:BEP) and how it can help…

Read more »

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

2 Companies to Consistently Earn You 15% or More on Your Investment

| Daniel Da Costa

Brookfield Asset Management Inc (TSX:BAM.A)(NYSE:BAM) and Fairfax Financial Holdings Ltd. (TSX:FFH) offer investors the opportunity to have some of their…

Read more »

Payday ringed on a calendar
Dividend Stocks

3 Monthly Dividend Stocks With High Yields

| Mat Litalien, MBA

The Canadian Aristocrat list is the perfect place to look for high paying monthly dividend stocks such as Inter Pipeline…

Read more »

Modern buildings in business district
Dividend Stocks

Renewable Energy Is a Top Growth Industry: Here Are 3 Industry Leaders

| Daniel Da Costa

TransAlta Renewables Inc. (TSX:RNW) Northland Power Inc (TSX:NPI) and Algonquin Power and Utilities Corp (TSX:AQN)(NYSE:AQN) are three top-tier renewable energy…

Read more »

Bank sign on traditional europe building facade
Dividend Stocks

3 More Reasons This Big Bank Is on My Radar

| Demetris Afxentiou

Investors looking to buy into a well-diversified bank with income and growth prospects trading at a discount should consider Bank…

Read more »

Electricity pylons against a sunset
Dividend Stocks

Is it Too Late to Invest in Fortis (TSX:FTS)?

| Christopher Liew, CFA

It’s never too late to invest in Fortis Inc. (TSX:FTS)(NYSE:FTS), which is the leader in dividend growth in Canada. You…

Read more »

Various Canadian dollars in gray pants pocket
Dividend Stocks

3 Mistakes to Avoid When Seeking to Generate a Passive Income From Dividend Stocks

| Peter Stephens

Overcoming these three potential pitfalls could improve your chances of obtaining a growing passive income in my view.

Read more »

question marks written reminders tickets
Dividend Stocks

Is it Safe to Buy Toronto-Dominion Bank (TSX:TD) Stock Today?

| Andrew Walker

Toronto-Dominion Bank (TSX:TD)(NYSE:TD) is starting to look cheap, but market risks could push the stock price even lower in the…

Read more »

You Should Know This
Dividend Stocks

1 Canadian Bank to Buy Right Now (And 1 to Sell)

| Joey Frenette

Toronto-Dominion Bank (TSX:TD)(NYSE:TD) is a stellar buy. Here's another bank that's a must-sell!

Read more »

A stock price graph showing growth over time
Dividend Stocks

3 Stocks That Could Be Ready to Take Off!

| Joey Frenette

Canadian Natural Resources Ltd. (TSX:CNQ)(NYSE:CNQ) and two other stocks that may correct upwards.

Read more »

Modern buildings in business district
Dividend Stocks

2 Tips to Diversify Your TFSA Investment Portfolio

| Prosper Bakiny

Here is how Toronto-Dominion Bank (TSX:TD) (NYSE:TD) and this top-ranked REIT can help add diversification to your TFSA investment portfolio.

Read more »

Bank sign on traditional europe building facade
Dividend Stocks

TFSA Investors: This Top Bank Stock Is Now Paying 4.1%

| David Jagielski

Royal Bank of Canada (TSX:RY)(NYSE:RY) has earnings this week, and with the stock down in price lately, it could be a…

Read more »

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

1 Excellent Stock That Just Went on Sale

| Adam Othman

The companies you choose for your portfolio must have good value. Manulife Financial Corporation (TSX:MFC)(NYSE:MFC) might be that stock that…

Read more »

Top view of mixed race business team sitting at the table at loft office and working. Woman manager brings the document
Dividend Stocks

Millennials: How to Get Big Gains and a Sustainable 7.4% Yield

| Joey Frenette

Save the world and get rich with sustainable dividend plays like TransAlta Renewables Inc.(TSX:RNW).

Read more »

Various Canadian dollars in gray pants pocket
Dividend Stocks

2 Top Stocks to Build TFSA Wealth

| Andrew Walker

Here's why Canadian National Railway Company (TSX:CNR)(NYSE:CNI) and a top Canadian bank deserve to be on your TFSA radar.

Read more »

potted green plant grows up in arrow shape
Dividend Stocks

This Growth Stock Is the Cheapest it’s Been in 10 Years

| Kay Ng

Fairfax Financial Holdings Ltd. (TSX:FFH) offers a lot of diversification and a competitive dividend at a cheap valuation.

Read more »

Growth from coins
Dividend Stocks

3 Cheap Dividend Stocks for RRSP Investors

| Andrew Walker

Here's why Nutrien Ltd. (TSX:NTR) (NYSE:NTR) and another two top Canadian stocks deserve to be on your RRSP radar today.

Read more »

A stock price graph showing declines
Dividend Stocks

5 Unique Tips to Prepare for a Market Crash

| Kay Ng

You don’t need to worry if you prepare for a market crash by having Royal Bank of Canada (TSX:RY)(NYSE:RY) and…

Read more »

Business man on stock market financial trade indicator background.
Dividend Stocks

3 Safe Places to Stash Your Cash in Case of a Market Crash

| Jason Phillips

With market volatility on the uptick, learn about three companies that offer a safe haven for investors to stash their…

Read more »