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

Profit dial turned up to maximum
Dividend Stocks

The Top TSX Index Stocks to Buy Now

| Kay Ng

Buy Bank of Nova Scotia (TSX:BNS)(NYSE:BNS) and another top dividend stock now for market-beating income and returns.

Read more »

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

Why Did This Stable REIT Stock Drop 30%?

| Ryan Vanzo

Artis Real Estate Investment Trust Unit (TSX:AX.UN) has dropped 30% in recent months, giving it an attractive 4.9% dividend yield.

Read more »

Businessmen teamwork brainstorming meeting.
Dividend Stocks

3 Mistakes to Avoid in Your TFSA

| Stephanie Bedard-Chateauneuf, MBA

Holding cash in a TFSA is not the best thing to do. You should invest in solid stocks like Toronto-Dominion…

Read more »

Businessmen teamwork brainstorming meeting.
Dividend Stocks

Have You Overlooked These All-Weather Stocks?

| Victoria Hetherington

Canadian Western Bank (TSX:CWB) joins two other attractive TSX index stock to round out a trio of defensive stocks a…

Read more »

cup of cappuccino with a sad face
Dividend Stocks

Income Investors: Is it Time to Drop Enbridge Inc (TSX:ENB)?

| Prosper Bakiny

One of Enbridge Inc's (TSX:ENB)(NYSE:ENB) major growth projects is stalling. Is it time to sell the company's shares?

Read more »

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

2 Top Dividend Stocks That Have Rallied Big Time in 2019

| Karen Thomas, MSc, CFA

With dividend yields of 5% and 6%, respectively, TC Pipelines LP (TSX:TRP)(NYSE:TRP) and Enbridge Inc. (TSX:ENB)(NYSE:ENB) offer investors solid dividend…

Read more »

Cupcake styled as a unicorn
Dividend Stocks

These Food Stocks Might Leave a Bad Taste in Your Mouth

| Victoria Hetherington

Long-term investors may need to weigh the pros and cons of food stocks such as Saputo Inc. (TSX:SAP).

Read more »

Man making notes on graphs and charts
Dividend Stocks

2 Unloved TSX Index Stocks to Buy Today

| Andrew Walker

Here's why Suncor Energy (TSX:SU) (NYSE:SU) and a high-yield energy infrastructure stock deserve to be on your radar right now.

Read more »

Financial technology concept.
Dividend Stocks

3 Canadian Tech Stocks Every Growth Investor Should Know About

| Victoria Hetherington

Pason Systems Inc. (TSX:PSI) straddles the energy and tech sectors – but does it offer high-growth investors enough upside potential?

Read more »

Gold bullion on a chart
Dividend Stocks

Do You Own Canada’s Best Gold Stocks?

| Victoria Hetherington

Barrick Gold Corp. (TSX:ABX)(NYSE:GOLD) and two other high-growth gold stocks are among the best Canadian miners at the moment.

Read more »

office buildings
Dividend Stocks

Is Now the Time to Scoop Up SNC-Lavalin (TSX:SNC) Shares on the Cheap?

| Andrew Button

Rocked by a scandal, SNC-Lavalin (TSX:SNC) has fallen to a 12 month low. Time to buy, or time to run…

Read more »

IMAGE OF A NOTEBOOK WITH TFSA WRITTEN ON IT
Dividend Stocks

Churn Out Income in Your TFSA: Buy This 7% Yielding Dividend Stock

| Karen Thomas, MSc, CFA

Cineplex Inc. (TSX:CGX) offers investors an undervalued 7% dividend yield stock that has is supported by strong cash flows and…

Read more »

Man considering whether to sell or buy
Dividend Stocks

Now Is the Time to Buy This 8% Yield

| Matt Smith

Boost income and growth by adding Vermilion Energy Inc. (TSX:VET)(NYSE:VET) to your portfolio.

Read more »

Oil pumps against sunset
Dividend Stocks

Are Alberta’s Production Cuts a Success?

| Matt Smith

Husky Energy Inc. (TSX:HSE) will benefit from higher oil and Alberta's plan to ease production cuts.

Read more »

question marks written reminders tickets
Dividend Stocks

Is Nutrien Inc. (TSX:NTR) Stock a Top Pick Right Now?

| Andrew Walker

Nutrien (TSX:NTR) (NYSE:NTR) has the potential to be a long-term cash flow machine. Here's why.

Read more »

Dice engraved with the words buy and sell
Dividend Stocks

Recession Risk: Should You Sell Your Resource Stocks?

| Kris Knutson

Commodity companies often appear cheap when they are approaching their peaks. Now is not the time to buy stocks like…

Read more »

Growth from coins
Dividend Stocks

TFSA Investors: 2 Top Dividend Stocks to Buy Now

| Haris Anwar

Restaurant Brands International  (TSX:QSR)(NYSE:QSR) is one of the two top dividend stocks to buy for a TFSA.

Read more »

Business people shaking hands
Dividend Stocks

Transformative Acquisition Makes This Company a Top Dividend-Growth Stock

| Mat Litalien, MBA

Brookfield Asset Management Inc. (TSX:BAM.A)(NYSE:BAM) is taking a 62% stake in Oaktree Capital (NYSE:OAK). The deal re-affirms its position as…

Read more »

Increasing yield
Dividend Stocks

3 Stocks to Buy With Dividends Yielding More Than 6%

| Andrew Button

High-dividend stocks like Enbridge Inc (TSX:ENB)(NYSE:ENB) can pay solid income straight to your TFSA.

Read more »

Dad and son having fun outdoor. Healthy living concept
Dividend Stocks

Forget About Aurora Cannabis Inc. (TSX:ACB)! This Stock Is a Surer Win

| Kay Ng

Do yourself a favour and consider investing in Northland Power Inc. (TSX:NPI) on the drop for surer upside and juicy…

Read more »

HIGH VOLTAGE ELECRICITY TOWERS
Dividend Stocks

2 Utility Stocks Whose Dividends You Can Rely On

| Prosper Bakiny

Emera Inc (TSX:EMA) and Fortis Inc (TSX:FTS)(NYSE:FTS) can provide investors strong dividend growth for years to come.

Read more »

Businessmen teamwork brainstorming meeting.
Dividend Stocks

Which TSX Index Miners Have the Highest Expected Growth?

| Victoria Hetherington

Goldcorp Inc. (TSX:G)(NYSE:GG) heads up a list of six of the top Canadian stocks to stack for high returns.

Read more »

Businessmen teamwork brainstorming meeting.
Dividend Stocks

52-Week Highs: These 4 TSX Stocks Have Buy Signals

| Victoria Hetherington

Among the stocks hitting 52-week highs is Northland Power Inc. (TSX:NPI), as one well as one of Canada’s biggest tech…

Read more »

Clean energy
Dividend Stocks

1 Top Renewable Energy Stock to Hedge Against a Market Correction

| Matt Smith

Add Brookfield Renewable Partners L.P. (TSX:BEP.UN)(NYSE:BEP) to your portfolio to access its 6% plus yield.

Read more »

Lady holding remote control pointed towards a TV
Dividend Stocks

Up 40% Over 6 Months, Could This Entertainment Stock Beat Netflix in Canada?

| Vishesh Raisinghani

Original content is a genuine moat, and a potential acquisition could unlock value in Corus Entertainment Inc. (TSX:CJR.B) stock.

Read more »

Dad and son having fun outdoor. Healthy living concept
Dividend Stocks

Millennials: Here’s a Simple Investing Strategy to Build Your RRSP Nest Egg

| Andrew Button

You can build a surprisingly large RRSP nest egg with 'boring' stocks like Fortis Inc (TSX:FTS)(NYSE:FTS)

Read more »

Businessmen teamwork brainstorming meeting.
Dividend Stocks

2 Grossly Undervalued Stocks for Your TFSA Today

| Karen Thomas, MSc, CFA

Badger Daylighting Ltd. (TSX:BAD) and Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) remain undervalued, making both stocks great additions to your TFSA…

Read more »

little girl in pilot costume playing and dreaming of flying over the sky
Dividend Stocks

Want to Bet on Global Population Growth? Buy This Stock!

| Ryan Vanzo

Want to bet on growing global population? Brookfield Infrastructure Partners L.P. (TSX:BIP.UN)(BIP) should be at the top of your research…

Read more »

Gas pipelines
Dividend Stocks

Canada’s Top Dividend Stock Is Yielding a Tasty 4%

| Matt Smith

Buy Pembina Pipeline Corp. (TSX:PPL)(NYSE:PBA) for a combination of income and growth.

Read more »

Retirement plan
Dividend Stocks

Retirees: Should You Buy CIBC (TSX:CM) Stock for a TFSA Income Portfolio?

| Andrew Walker

CIBC (TSX:CM) (NYSE:CM) offers above-average yield that should be safe. Why is the stock so cheap?

Read more »

Dice engraved with the words buy and sell
Dividend Stocks

Should Canadian National Railway Company (TSX:CNR) Stock Be on Your TFSA Buy List Today?

| Andrew Walker

Canadian National Railway Company (TSX:CNR) (NYSE:CNI) has made some investors rich. Should you own this stock right now?

Read more »

You Should Know This
Dividend Stocks

3 Ways to Benefit From Falling Rates

| Kris Knutson

If the Canadian economy fails, investors can use strategies such as buying stocks like Inter Pipeline Corp. (TSX:IPL) to collect…

Read more »

IMAGE OF A NOTEBOOK WITH TFSA WRITTEN ON IT
Dividend Stocks

TFSA Investors: 3 Dividend Stocks on Sale Now Yielding Up to 5.6%

| David Jagielski

NFI Group Inc (TSX:NFI) and these two other dividend stocks are great options for TFSA investors today.

Read more »

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

Dividend Investors: Is This 12% Payout Safe?

| Nelson Smith

Slate Office REIT (TSX:SOT.UN) just cut its 12% dividend. Is another 12% payer, American Hotel Properties REIT (TSX:HOT.UN) next?

Read more »

Retirement plan
Dividend Stocks

Revealed: How Dividend-Growth Stocks Can Help You Retire Early

| Nelson Smith

Looking to retire early? You can do it, especially if you load up on dividend-growth studs like Telus Corporation (TSX:T)(NYSE:TU)…

Read more »

Arrowings ascending on a chalkboard
Dividend Stocks

This Is Easily the Cheapest Dividend-Growth Stock on the TSX

| Kay Ng

The clouds are cleared for Manulife Financial Corporation (TSX:MFC)(NYSE:MFC), and it’s just starting to soar.

Read more »

little girl in pilot costume playing and dreaming of flying over the sky
Dividend Stocks

3 Red-Hot Growth Stocks to Feed Your TFSA Some Rocket Fuel

| Andrew Button

Growth stocks like Shopify Inc (TSX:SHOP)(NYSE:SHOP) can kick your TFSA into hyperdrive.

Read more »

Arrow descending on a graph
Dividend Stocks

Investor Alert: With a Recession Looming, Here Are 2 Top Defensive Stocks to Buy

| Karen Thomas, MSc, CFA

Metro, Inc. (TSX:MRU) and Loblaw Companies Ltd. (TSX:L) are two defensive stocks that are must-owns in a recession.

Read more »

Growing plant shoots on coins
Dividend Stocks

3 Monthly Dividend Stocks Yielding Up to 7.7%

| Stephanie Bedard-Chateauneuf, MBA

If you'd like to receive dividends every month, Cineplex Inc. (TSX:CGX) stock and two others will please you.

Read more »

Dice engraved with the words buy and sell
Dividend Stocks

Should You Buy or Sell BCE Inc. (TSX:BCE) Stock Today?

| Andrew Walker

BCE (TSX:BCE) (NYSE:BCE) recently hit a new 12-month high. Are more gains on the way?

Read more »