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

Oil pumps against sunset
Dividend Stocks

This Is Still the Safest Oil Dividend Stock

| Victoria Hetherington

With geopolitical stressors massing on all sides in the oil patch, Enbridge Inc. (TSX:ENB)(NYSE:ENB) is a solid play with an…

Read more »

growing plant shoots on stacked coins
Dividend Stocks

A Top Dividend Stock That Could Give You Income for the Rest of Your Life

| Haris Anwar

Here is why BCE Inc. (TSX:BCE)(NYSE:BCE) is a top dividend stock that retirees should keep in their portfolio.

Read more »

office buildings
Dividend Stocks

This Is the Bank Stock to Choose in July

| Kris Knutson

Two banks, the Bank of Nova Scotia (TSX:BNS)(NYSE:BNS) and the Canadian Imperial Bank of Commerce (TSX:CM)(NYSE:CM) have hit the 5%…

Read more »

Bank sign on traditional europe building facade
Dividend Stocks

Did This Banking Giant Just Become the Best Bang for Your Buck?

| Christopher Liew, CFA

Canadian Imperial Bank of Commerce (TSX:CM)(NYSE:CM) is the best stock to buy for investors seeking to have the advantages in…

Read more »

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

TFSA Investors: 3 Canadian Dividend Aristocrats Yielding +7%

| Nelson Smith

Yes, you can have rising dividends and great yields. Stocks like Inter Pipeline Ltd. (TSX:IPL), Cineplex Inc. (TSX:CGX), and Fiera…

Read more »

Going against the grain
Dividend Stocks

Contrarians Can Make 100% Returns With Encana (TSX:ECA) Stock

| Ryan Vanzo

Natural gas stocks have cratered, but that's created big opportunity. Learn how Encana Corp (TSX:ECA)(NYSE:ECA) stock could pop by 100%…

Read more »

railroad
Dividend Stocks

Battle of the Rail Stocks: CN Rail (TSX:CNR) vs. CP Rail (TSX:CP) … Which Should You Buy?

| Joey Frenette

Should TFSA investors load up on Canadian National Railway Company (TSX:CNR)(NYSE:CNI) or its peer?

Read more »

Happy Retirement” on a road
Dividend Stocks

Retirees: Here’s How Much You’d Need to Live Off RRSP or TFSA Income

| Andrew Button

With high-yield stocks like Enbridge Inc (TSX:ENB)(NYSE:ENB), you can live comfortably off dividend income.

Read more »

Growth from coins
Dividend Stocks

Attention Boomers: 3 Stocks to Boost Your Pension Income

| Andrew Walker

Here's why Power Financial Inc. (TSX:PWF) and another two attractive dividend stocks deserve to be on your income radar today.

Read more »

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

TFSA Investors: 1 Stock to Help You Collect $195 Every Month

| Amy Legate-Wolfe

ATCO Ltd. (TSX:ACO.X) is perfect for investors looking for a little extra cash each and every month.

Read more »

Female friends enjoying their dessert together at a mall
Dividend Stocks

Retirees: Supplement Your CPP Payments With These 3 Passive Producers

| Amy Legate-Wolfe

If you're looking for both stock growth and high passive income, Inter Pipeline Ltd. (TSX:IPL), Canadian Imperial Bank of Commerce (TSX:CM)(NYSE:CM)…

Read more »

Oil pipes in an oil field
Dividend Stocks

2 Energy Stocks With Safe Dividends and Upside

| Kay Ng

Total returns and income investors should like Shawcor Ltd. (TSX:SCL) and Pason Systems Inc. (TSX:PSI). Which should you buy?

Read more »

FREIGHT TRAIN
Dividend Stocks

Canadian National Railway (TSX:CNR): Has This Stock Seen its Peak?

| Haris Anwar

Canadian National Railway Company (TSX:CNR)(NYSE:CNI) stock is becoming vulnerable to the economic slowdown, suggesting it may have already peaked.

Read more »

Man with no money. Businessman holding empty wallet
Dividend Stocks

A Sure Way to Lose Money: Short Royal Bank (TSX:RY)

| Matt Smith

Ignore the short-sellers and buy Royal Bank of Canada (TSX:RY)(NYSE:RY) today to lock in a 4% yield.

Read more »

STACKED COINS DEPICTING MONEY GROWTH
Dividend Stocks

Is Now the Time to Buy Canadian Imperial Bank of Commerce (TSX:CM) and Lock In a 5.5% Yield?

| Matt Smith

Canadian Imperial Bank of Commerce (TSX:CM)(NYSE:CM) is an attractive investment.

Read more »

pipe metal texture inside
Dividend Stocks

Don’t Miss This Solid 8% Dividend Stock

| Ryan Vanzo

Pipeline stocks are a proven way to generate market-beating returns with dividends as high as 8%. Discover how much upside…

Read more »

Modern buildings in business district
Dividend Stocks

3 TSX Index Giants to Start Your RRSP Today

| Andrew Walker

Suncor Energy Inc. (TSX:SU) (NYSE:SU) and another two Canadian heavyweights deserve to be on your RRSP radar right now.

Read more »

You Should Know This
Dividend Stocks

Is Canada’s Warren Buffett Losing His Touch?

| Nelson Smith

Some missteps have caused investors to doubt Fairfax Financial Holdings Ltd. (TSX:FFH). Are they onto something, or is Prem Watsa…

Read more »

edit Balloon shaped as a heart
Dividend Stocks

I Love This Company But Hate to Recommend it

| Kris Knutson

Maxar Technologies Inc. (TSX:MAXR)(NYSE:MAXR) is a high-risk stock with the possibility for major gains if you believe in the future…

Read more »

Senior Couple Walking With Pet Bulldog In Countryside
Dividend Stocks

Attention Pensioners: 2 Top Dividend Stocks Paying 5-6% Yields Right Now

| Andrew Walker

Canadian Imperial Bank of Commerce (TSX:CM)(NYSE:CM) and another Canadian dividend star look oversold today.

Read more »

Bank sign on traditional europe building facade
Dividend Stocks

2 Major Bank Stocks to Buy Now

| Ryan Vanzo

Bank stocks like Bank of Nova Scotia (TSX:BNS)(NYSE:BNS) and Royal Bank of Canada (TSX:RY)(NYSE:RY) have delivered huge returns to shareholders.…

Read more »

Gold bullion on a chart
Dividend Stocks

1 Top Stock to Hold as Gold Breaks Out

| Victoria Hetherington

Barrick Gold Corp. (TSX:ABX)(NYSE:GOLD) is looking like a stand-out investment as gold hits a six-year record.

Read more »

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

TFSA Investors: 3 Stocks That Pay up to 6%

| David Jagielski

NFI Group Inc. (TSX:NFI) and these two other dividend stocks can provide investors with great sources of recurring cash flow for…

Read more »

Upwards momentum
Dividend Stocks

3 Dividend Stocks That Pay You More Than Enbridge Does

| Amy Legate-Wolfe

Enbridge Inc. (TSX:ENB)(NYSE:ENB) is a great dividend stock, but these other three are just as great for passive-income seekers.

Read more »

Young adult woman walking up the stairs with sun sport background
Dividend Stocks

Is Cenovus Energy (TSX:CVE) Stock a Buy Right Now?

| Andrew Walker

Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) has turned the corner and the market might not be fully appreciating the upside potential.

Read more »

TELECOM TOWERS
Dividend Stocks

The Best Telecom Stock to Buy Now

| Kay Ng

Should you buy BCE Inc. (TSX:BCE)(NYSE:BCE), Rogers Communications Inc. (TSX:RCI.B)(NYSE:RCI), or TELUS Corporation (TSX:T)(NYSE:TU) today?

Read more »

A golden egg in a nest
Dividend Stocks

Should You Buy Royal Bank of Canada (TSX:RY) or BCE (TSX:BCE) Stock for a TFSA Retirement Portfolio?

| Andrew Walker

Royal Bank of Canada (TSX:RY)(NYSE:RY) and BCE Inc. (TSX:BCE)(NYSE:BCE) are top companies in their respective industries. Is one a better…

Read more »

Oil pumps against sunset
Dividend Stocks

Buy This High-Yield Oil Stock in July

| Kris Knutson

Oil stocks have been dogs over the last few years, but there are a few gems. Whitecap Resources Inc. (TSX:WCP)…

Read more »

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

Dividend Investors: These Canadian Energy Stocks Are U.S. Favourites

| Victoria Hetherington

Suncor Energy Inc. (TSX:SU)(NYSE:SU) and one other major Canadian energy stock are favourites among American dividend investors.

Read more »

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

Gen-Xers: Ignore Millennials at Your Peril and Invest in the Next Generation

| Victoria Matsepudra

A&W Revenue Royalties Income Fund (TSX:AW.UN) has reinvented itself as a next-generation-friendly company, well ahead of its peers. This one's…

Read more »

Modern buildings in business district
Dividend Stocks

1 Unknown Stock I’d Invest in Today

| Christopher Liew, CFA

If your vested interest is to have workable funds for years, Pembina Pipeline Corporation (TSX:PPL) should be your overwhelming investment…

Read more »

Growth from coins
Dividend Stocks

Inter Pipeline (TSX:IPL): Should You Bite on the 7.7% Dividend Yield?

| Joey Frenette

Inter Pipeline Ltd. (TSX:IPL) is a passive-income stock that could make you rich.

Read more »

question marks written reminders tickets
Dividend Stocks

Has a Change in the Alberta Government Helped Oil & Gas Stocks?

| David Jagielski

Enbridge Inc (TSX:ENB)(NYSE:ENB) stock has risen in value this year but that doesn't mean that conditions in the oil and gas…

Read more »

Double exposure of a businessman and stairs - Business Success Concept
Dividend Stocks

Better Buy: Toronto-Dominion Bank (TSX:TD) or CIBC Bank (TSX:CM) Stock?

| Mat Litalien, MBA

When investing in Canada's big banks, pick the one that is expected to deliver a greater overall return.

Read more »

Canadian Dollars
Dividend Stocks

Looking for $8.7 Billion in Free Cash Flow From a Canadian Company?

| Chris MacDonald

To $8.7 billion and beyond! - with Husky Energy Inc. (TSX:HSE)

Read more »

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

Add Passive Income and Diversify With These 3 Stocks

| David Jagielski

Maple Leaf Foods Inc (TSX:MFI) and these two other dividend stocks can give your portfolio recurring income and many opportunities for…

Read more »

Dice engraved with the words buy and sell
Dividend Stocks

This Is Canada’s Most Controversial Stock

| Ryan Vanzo

SNC-Lavalin Group Inc (TSX:SNC) stock is down 60% since last June. If you're willing to take a risk, there could…

Read more »

A bull outlined against a field
Dividend Stocks

A Cheap Dividend Stock for Oil Bulls

| Victoria Hetherington

Canadian Natural Resources Ltd. (TSX:CNQ)(NYSE:CNQ) is attractively priced and could have an ace up its sleeve with crude by rail.

Read more »

Gas pipelines
Dividend Stocks

3 Reasons Why the Bottom Is in for Crescent Point Energy (TSX:CPG)

| Victoria Matsepudra

Disciplined spending, share buybacks, and a discounted valuation mean the bottom could be in for Crescent Point Energy Corp (TSX:CPG)(NYSE:CPG).

Read more »

Businessmen teamwork brainstorming meeting.
Dividend Stocks

This Is My Favourite Millionaire-Maker Stock

| Ryan Vanzo

Want to get in on the next millionaire-maker stock? Cargojet Inc (TSX:CJT) has enriched its shareholders for nearly a decade.…

Read more »