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

Bank sign on traditional europe building facade
Dividend Stocks

Here Are 2 Very Different Banks, Both Compelling Investment Options

| Demetris Afxentiou

Toronto-Dominion Bank (TSX:TD)(NYSE:TD) and National Bank of Canada (TSX:NA) are both interesting picks for income- and growth-seeking investors alike.

Read more »

Various Canadian dollars in gray pants pocket
Dividend Stocks

Top 10 TSX Index Stocks: Which Are the Best Buys for July?

| Kay Ng

Here’s why you should seriously consider Suncor Energy Inc. (TSX:SU)(NYSE:SU) and Enbridge Inc. (TSX:ENB)(NYSE:ENB) right now!

Read more »

Human Hand Placing A Coin On Increasing Coin Stacks In Front Of House
Dividend Stocks

3 Top REITs Yielding Over 5% to Buy Today

| Matt Smith

Boost income by investing in Dream Industrial REIT (TSX:DIR.UN), Slate Office REIT (TSX:SOT.UN), and H&R Real Estate Investment Trust (TSX:HR.UN).

Read more »

edit Real Estate Investment Trust REIT on double exsposure business background.
Dividend Stocks

This Top Stock Yielding 6% Plus Yield Is on Sale

| Matt Smith

Boost income by acquiring Brookfield Property Partners L.P. (TSX:BPY.UN)(NASDAQ:BPY) and lock in a 6.8% yield.

Read more »

A golden egg in a nest
Dividend Stocks

RRSP Alert: 3 Stocks to Build Retirement Wealth

| Andrew Walker

Saputo Inc. (TSX:SAP) and another two Canadian giants have made buy-and-hold investors rich.

Read more »

Hands holding trophy cup on sky background
Dividend Stocks

3 Top TFSA Stocks to Buy in July and Earn Higher Yield

| Haris Anwar

Bank of Nova Scotia (TSX:BNS)(NYSE:BNS) is among three top stocks that look ideal for your TFSA.

Read more »

railroad
Dividend Stocks

How to Buy Into Energy and Railways With Just 1 Stock

| Victoria Hetherington

Canadian National Railway Company (TSX:CNR)(NYSE:CNI) remains popular, as investors continue to migrate towards defensive dividend stocks.

Read more »

hand using ATM
Dividend Stocks

This Bank May Have the Most Upside

| Joey Frenette

Why CIBC (TSX:CM)(NYSE:CM) is a top pick for income investors in July.

Read more »

Canadian Dollars
Dividend Stocks

Collect $700/Month Passive Income With This Little-Known Stock

| Christopher Liew, CFA

Chemical Logistics Income Fund (TSX:CHE.UN) is a dividend rock star that can help an investor collect $700 a month dividend…

Read more »

Arrowings ascending on a chalkboard
Dividend Stocks

Left for Dead, One of Canada’s Most Successful IPOs Is Making a Comeback

| Mat Litalien, MBA

Dollarama (TSX:DOL) has roared back and its stock is up by 55% in 2019. Is the run-up warranted or is…

Read more »

edit Businessman using calculator next to laptop
Dividend Stocks

2 Stocks to Buy if You Think the TSX Is Overvalued

| Christopher Liew, CFA

Even if it appears that the TSX is overvalued, Finning International Inc. (TSX:FTT) and Linamar Corporation (TSX:LNR) are trading below…

Read more »

Happy Retirement” on a road
Dividend Stocks

TFSA Top Pick: 3 Dividend Stocks for Retirees

| Andrew Walker

Bank of Montreal (TSX:BMO)(NYSE:BMO) and these two other attractive stocks provide an average yield of 5.5%.

Read more »

The Motley Fool
Dividend Stocks

A TSX Health Stock With Ample Room to Run in the Second Half of 2019

| Joey Frenette

Jamieson Wellness Inc. (TSX:JWEL) is a top health play that could be ripe for a rebound in the second half.

Read more »

Road sign warning of a risk ahead
Dividend Stocks

Attention Retirees: This Income Favourite Is at Risk of a Dividend Cut

| Victoria Matsepudra

While I like a big dividend just as much as the next person, I am willing to sacrifice size for…

Read more »

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

Is It Time for Investors to Reconsider CIBC (TSX:CM) Stock?

| Andrew Button

After years of tepid returns, Canadian Imperial Bank of Commerce (TSX:CM)(NYSE:CM) stock may be a buy

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: 2 Stocks to Buy and Hold Forever

| David Jagielski

Royal Bank of Canada (TSX:RY)(NYSE:RY) and this other dividend stock could be great investments to hold for decades and they can…

Read more »

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

RRSP Investors: 2 TSX Index Stocks I’d Buy Today With an Extra $10,000

| Andrew Walker

Nutrien Ltd. (TSX:NTR) (NYSE:NTR) and one of Canada's top dividend-growth stocks deserve to be on your RRSP radar.

Read more »

Pixelated acronym REIT made from cubes, mosaic pattern
Dividend Stocks

Retirees: Complement Your CPP Payments With These 2 Reliable REITs

| Kay Ng

Get reliable and juicy income to complement your Canada Pension Plan payment from Brookfield Property Partners L.P. (TSX:BPY.UN)(NASDAQ:BPY) and another…

Read more »

Increasing yield
Dividend Stocks

3 Dividend Stocks That Could Pay You for the Rest of Your Life

| Amy Legate-Wolfe

Dividend stocks can seem underwhelming, but Chemtrade Logistics Income Fund (TSX:CHE.UN), Manulife Financial Corporation (TSX:MFC)(NYSE:MFC) and this other stock offer investors a…

Read more »

Various Canadian dollars in gray pants pocket
Dividend Stocks

Attention Passive-Income Seekers: Nail Down $11,250/Year With These 3 Cash Gushers

| Brian Pacampara, CFA

This trio of high-yield plays, including Canadian Imperial Bank of Commerce (TSX:CM)(NYSE:CM), can provide the fat income you need now.

Read more »

Oil pipes in an oil field
Dividend Stocks

A Top Oil Stock That’s Selling Absurdly Cheap

| Haris Anwar

After a sharp pullback of the past 12 months, Suncor Energy Inc. (TSX:SU)(NYSE:SU) stock has become cheap. Is it time…

Read more »

Increasing yield
Dividend Stocks

Here’s a Powerhouse 7.7% Dividend Stock for the Contrarian Investor

| Karen Thomas, MSc, CFA

Cineplex Inc. (TSX:CGX) offers contrarian investors a cheap entry point into a generous dividend yield and massive upside from its…

Read more »

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

Why Buying TD Bank (TSX:TD) Stock Offers Growth to First-Time Dividend Investors

| Victoria Hetherington

Toronto-Dominion Bank (TSX:TD)(NYSE:TD) offers newcomers to the TSX an often elusive element in dividend investing.

Read more »

Growing plant shoots on coins
Dividend Stocks

TFSA Value Hunters: This Dirt-Cheap Cash Cow Has Generous Dividend Hikes Up Its Sleeve

| Joey Frenette

TFI International Inc. (TSX:TFII) is a cash cow that could support generous dividend hikes for years to come.

Read more »

Growing plant shoots on coins
Dividend Stocks

Retirees: 3 Monthly Dividend Stocks to Help Pay Your Bills

| David Jagielski

A & W Revenue Royalties Income Fund (TSX:AW.UN) and these two other dividend stocks can provide your portfolio with a lot…

Read more »

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

2 Undervalued Stocks to Buy and Hold Until Retirement

| Christopher Liew, CFA

Canadian Utilities Limited (TSX:CU) and Emera Inc. (TSX:EMA) are two undervalued stocks that are performing and delivering consistent high returns…

Read more »

question marks written reminders tickets
Dividend Stocks

Is It Finally Time to Buy Suncor Energy (TSX:SU)?

| Christopher Liew, CFA

As the release of the next quarterly report draws near, the buying call for Suncor Energy (TSX:SU)(NYSE:SU) is getting louder.…

Read more »

Increasing yield
Dividend Stocks

2 Dividend Stocks That Pay You More Than BCE Inc. (TSX:BCE)

| Joey Frenette

Forget BCE (TSX:BCE)(NYSE:BCE), here are two stocks that are better for passive-income investors.

Read more »

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

Passive Income Meets Value: Get Paid a 4.3% Dividend Yield to Wait for an Upside Correction

| Joey Frenette

Canadian Natural Resources Ltd. (TSX:CNQ)(NYSE:CNQ) is a dividend-growth stock that reeks of value.

Read more »

Cogs turning against each other
Dividend Stocks

TFSA Investors: 3 Ultra-Safe Dividends Paying up to 6.2%

| Nelson Smith

You won't find dividends much safer than the ones offered by SmartCentres REIT (TSX:SRU.UN), Algonquin Power and Utilities Corp (TSX:AQN)(NYSE:AQN),…

Read more »

Businessmen teamwork brainstorming meeting.
Dividend Stocks

Why All Canadian Investors Should Own TD Bank (TSX:TD) Stock

| Andrew Button

Strong growth in the U.S. has made Toronto-Dominion Bank (TSX:TD)(NYSE:TD) Canada's best-performing bank stock.

Read more »

railroad
Dividend Stocks

TFSA Investors: 3 Passive Income Stocks Yielding Up to 7.8%

| David Jagielski

Canadian National Railway Company (TSX:CNR)(NYSE:CNI) and these two other stocks have increased their payouts in recent years and could be great…

Read more »

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

A 9.7% Yield for TFSA Retirement Income

| Andrew Walker

Vermilion Energy Inc. (TSX:VET)(NYSE:VET) now offers a yield of nearly 10%. Is the reward worth the risk?

Read more »

Man holding magnifying glass over a document
Dividend Stocks

High-Yield TFSA Investors: Is CIBC (TSX:CM) or Enbridge (TSX:ENB) Stock a Buy Right Now?

| Andrew Walker

Canadian Imperial Bank of Commerce (TSX:CM)(NYSE:CM) and Enbridge Inc. (TSX:ENB)(NYSE:ENB) offer above-average yields and appear oversold. Is one a better…

Read more »

Growth from coins
Dividend Stocks

New Retirees: Jump-Start Your Dividend Dynasty With 3 Champs Yielding up to 5.3%

| Brian Pacampara, CFA

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

Read more »

Road signs rerouting traffic
Dividend Stocks

Buy This, Not That: Energy vs. Marijuana

| Christopher Liew, CFA

The regulated utility giant Fortis Inc. (TSX:FTS)(NYSE:FTS) is a safer and profitable investment opportunity, as opposed to the faltering cannabis…

Read more »

Hand of woman choosing or taking sweet products, snacks on shelves in convenience store
Dividend Stocks

Avoid Retail REITs Before it’s Too Late

| Matt Smith

There are signs that a distribution cut could be looming for Slate Retail REIT (TSX:SRT.UN).

Read more »

Dividend Stocks

2 Dirt-Cheap Dividend Stocks That Yield up to 9.2%

| Ambrose O'Callaghan

Arc Resources Ltd. (TSX:ARX) and Freehold Royalties Ltd. (TSX:FRU) can be had at a discount and will generate nice cash…

Read more »

Gold medal
Dividend Stocks

Brookfield Infrastructure Partners (TSX:BIP.UN): A Top Stock to Buy in July

| Matt Smith

Buy Brookfield Infrastructure Partners L.P. (TSX:BIP.UN)(NYSE:BIP) and lock in a juicy 4.6% yield today.

Read more »

A stock price graph showing declines
Dividend Stocks

Bargain Hunters: 2 Dividend Stocks Near Their 52-Week Lows

| David Jagielski

Canadian Imperial Bank of Commerce (TSX:CM)(NYSE:CM) and this other dividend stock have declined significantly over the past year and could have…

Read more »