Motley Fool Premium
  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:

More information about dividend stocks in Canada:

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 »

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 »

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 »

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 »

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 »

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 »

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

stocks climbing green bull market
Dividend Stocks

This TSX Dividend Stock Could Surprise in 2026

| Amy Legate-Wolfe

Brookfield’s fee engine is quietly accelerating, and that 15% dividend hike could be the clue that 2026 surprises are coming.

Read more »

Colored pins on calendar showing a month
Dividend Stocks

This 5.9% Dividend Stock Pays Cash Every Month

| Aditya Raghunath

This 5.9% dividend REIT pays monthly cash while trading 25% below net asset value. Here's why income investors should consider…

Read more »

chart reflected in eyeglass lenses
Dividend Stocks

3 Undervalued Canadian Stocks to Buy Immediately

| Amy Legate-Wolfe

These three TSX stocks look overlooked because the market is focused on short-term noise, not long-term earnings power.

Read more »

monthly calendar with clock
Dividend Stocks

This 5.2% Dividend Stock Pays Cash Every Single Month

| Amy Legate-Wolfe

This REIT aims to keep monthly income steady by growing rent cash flow while keeping its payout covered.

Read more »

Piggy bank and Canadian coins
Dividend Stocks

The 1 Stock I’d Keep Forever Inside a TFSA

| Kay Ng

Brookfield Infrastructure Partners is a great income stock with long-term growth potential to buy and hold in the TFSA.

Read more »

Real estate investment concept
Dividend Stocks

How to Use Your TFSA to Double That Annual $7,000 Contribution

| Amy Legate-Wolfe

Turning $7,000 into $14,000 in a year is unlikely, but goeasy is one of the few TSX names with the…

Read more »

chatting concept
Dividend Stocks

3 Must-Own Blue-Chip Dividend Stocks for Canadians

| Sneha Nahata

These blue-chip companies are likely to generate stable cash flows and maintain a consistent track record of dividend payments.

Read more »

Hourglass and stock price chart
Dividend Stocks

The 1 Single Stock I’d Hold Forever in a TFSA

| Amy Legate-Wolfe

Canadian Pacific Kansas City looks like a “forever TFSA” candidate as it owns an irreplaceable rail network across North America…

Read more »

Map of Canada showing connectivity
Dividend Stocks

The Resource Advantage Canada Still Has Over Everyone Else 

| Puja Tayal

Learn how Canada's rich resources and stable environment position it as a key player in global trade dynamics.

Read more »

Blocks conceptualizing Canada's Tax Free Savings Account
Dividend Stocks

How to Make Money in a TFSA With Dividend Stocks

| Joey Frenette

Telus (TSX:T) and other income plays to turn your TFSA into a passive income cash cow!

Read more »

up arrow on wooden blocks
Dividend Stocks

Earn $300 a Month in Passive Income With These 3 High-Yield Stocks

| Rajiv Nanjapla

Backed by solid underlying businesses, stable cash flows, attractive yields, and promising growth prospects, these three monthly-paying dividend stocks have…

Read more »

hand stacks coins
Dividend Stocks

3 Dividend Stocks Built to Pay You Year After Year

| Sneha Nahata

Backed by solid fundamentals, steady earnings, and sustainable payout ratios, these dividend stocks offer dependable income.

Read more »

buildings lined up in a row
Dividend Stocks

8% Yield: A Monthly Paying Dividend Stock Canadians Should Watch

| Demetris Afxentiou

Nexus Industrial REIT offers income investors a high monthly dividend and exposure to strong industrial real estate trends.

Read more »

Investor wonders if it's safe to buy stocks now
Dividend Stocks

What’s Going On With NPI’s Dividend?

| Amy Legate-Wolfe

Northland’s dividend cut may have spooked investors, but it was meant to protect cash and fund growth as big wind…

Read more »

Printing canadian dollar bills on a print machine
Dividend Stocks

The Ideal TFSA Stock: A 7% Yield Paying Constant Cash

| Adam Othman

Buy this cash cow and hold it in your self-directed Tax-Free Savings Account (TFSA) portfolio to enjoy long-term returns without…

Read more »

Person holds banknotes of Canadian dollars
Dividend Stocks

Got $14,000? Here’s How to Structure a TFSA for Lifelong Monthly Income

| Sneha Nahata

Allocating $7,000 to each company could structure your TFSA to produce about $70 per month in tax-free dividend income.

Read more »

Income and growth financial chart
Dividend Stocks

The Top Canadian Stocks to Buy Right Away with $45,000

| Christopher Liew, CFA

Top Canadian stocks outside the basic materials and technology sectors are strong buys as the market rotates in February 2026.

Read more »

A glass jar resting on its side with Canadian banknotes and change inside.
Dividend Stocks

Canadians: Here’s How Much You Need in Your TFSA to Retire

| Amy Legate-Wolfe

Retirement gets clearer when you turn your TFSA into a specific income target and pick an easy portfolio to stick…

Read more »

jar with coins and plant
Dividend Stocks

My Top Canadian Dividend Stocks You’ll Want to Own Forever

| Sneha Nahata

These Canadian companies have durable earnings and sustainable payouts, which will support their future dividend distributions.

Read more »

Printing canadian dollar bills on a print machine
Dividend Stocks

Cash-Rich Canadian Companies That Thrive in Economic Downturns

| Brian Paradza, CFA

Why settle for survival when you can thrive? While most stocks sell-off during a downturn, these cash-rich Canadian giants go…

Read more »

man looks surprised at investment growth
Dividend Stocks

Billionaires Are Selling Amazon Stock and Betting on This TSX Stock

| Adam Othman

Rapidly becoming an investor favourite, Brookfield Corp. (TSX:BN) might be the next best pick to consider for your self-directed investment…

Read more »

Colored pins on calendar showing a month
Dividend Stocks

Use a TFSA to Make $800 in Monthly Tax-Free Income

| Amy Legate-Wolfe

To get $800 per month, tax-free, the key variable is the sustainable yield you can realistically earn.

Read more »

Forklift in a warehouse
Dividend Stocks

Use a TFSA to Earn $475 a Month With No Tax

| Robin Brown

Want to earn as much as $475 per month of tax-free income. Here's a few TFSA investment strategies to help…

Read more »

Blocks conceptualizing Canada's Tax Free Savings Account
Dividend Stocks

A Perfect February TFSA With a 7.5% Monthly Payout

| Amy Legate-Wolfe

A steady monthly payout is the hook, but the real question with Slate Grocery REIT is whether cash flow can…

Read more »

dividend stocks are a good way to earn passive income
Dividend Stocks

This 4.1 Percent Dividend Stock Is My Top Pick for Immediate Income

| Rajiv Nanjapla

Given its contracted and rate-regulated business model, stable cash flow generation, and visible long-term growth prospects, TC Energy would be…

Read more »

Piggy bank with word TFSA for tax-free savings accounts.
Dividend Stocks

Here’s the Average Canadian TFSA at Age 50

| Amy Legate-Wolfe

At 50, the TFSA “average” is a useful gut check, but catching up usually comes from consistency more than clever…

Read more »

senior relaxes in hammock with e-book
Dividend Stocks

Here’s the Average Canadian TFSA at Age 40

| Kay Ng

The striking detail is the big amount of unused TFSA contribution room for Canadians at age 40–44. Let's start by…

Read more »

ETFs can contain investments such as stocks
Dividend Stocks

The X% Monthly Income ETF That Canadians Should Know About

| Amy Legate-Wolfe

This ETF promises big monthly TFSA income by mixing dividends, covered-call premiums, and a bit of leverage.

Read more »

Person holding a smartphone with a stock chart on screen
Dividend Stocks

1 Canadian Dividend Stock Down 20% to Buy and Hold Forever

| Amy Legate-Wolfe

TELUS can look attractive on a dip because the dividend gets bigger relative to the price, but the real test…

Read more »

Printing canadian dollar bills on a print machine
Dividend Stocks

Transform Your TFSA Into a Cash-Creating Machine With $15,000

| Sneha Nahata

These Canadian stocks are well-positioned to reward shareholders through steady dividend payments in the long term.

Read more »

Blocks conceptualizing Canada's Tax Free Savings Account
Dividend Stocks

Here’s the Average Canadian TFSA at Age 55

| Christopher Liew, CFA

Latest data shows that the average TFSA balance of Canadians at age 55 is barely $34,000 versus the $109,000 potential…

Read more »

investor looks at volatility chart
Dividend Stocks

1 Canadian Dividend Stock Down 50% to Buy Now and Hold for Years

| Andrew Walker

This stock might now be oversold.

Read more »

the word REIT is an acronym for real estate investment trust
Dividend Stocks

For Monthly Income, a 5.9% Dividend Stock to Consider

| Brian Paradza, CFA

This REIT pays you every single month, and with 97.8% occupancy and a 5.9% yield, it might be Canada's most…

Read more »

Thrilled women riding roller coaster at amusement park, enjoying fun outdoor activity.
Dividend Stocks

The 1 Mistake TFSA Investors Make When Markets Get Choppy

| Amy Legate-Wolfe

In a choppy market, the biggest TFSA danger isn’t the downturn, it’s selling too soon and missing the rebound.

Read more »

TFSA (Tax-Free Savings Account) on wooden blocks and Canadian one hundred dollar bills.
Dividend Stocks

Take Full Advantage of Your TFSA With These Dividend Stars

| Andrew Walker

These companies have delivered annual dividend growth for decades.

Read more »

Financial analyst reviews numbers and charts on a screen
Dividend Stocks

The Best Canadian Stock to Own if Volatility Returns

| Amy Legate-Wolfe

CNR can be the kind of “own the network” stock that keeps compounding even when markets get jumpy.

Read more »

TFSA (Tax-Free Savings Account) on wooden blocks and Canadian one hundred dollar bills.
Dividend Stocks

Use a TFSA to Make $500 in Monthly Tax-Free Income

| Adam Othman

Generate substantial passive income without incurring taxes by making the most of your TFSA contribution room with investments like this…

Read more »

ETF is short for exchange traded fund, a popular investment choice for Canadians
Dividend Stocks

This Simple TFSA Plan Could Pay You Monthly in 2026

| Amy Legate-Wolfe

FIE offers a simple way to turn a TFSA into monthly deposits, but your results will still ride on Canadian…

Read more »

dividend growth for passive income
Dividend Stocks

2 High-Yield Dividend Stocks You Can Buy and Hold for a Decade

| Rajiv Nanjapla

Given their consistent dividend payouts, improving financials, and healthy growth prospects, these two high-yield stocks could boost your passive income.

Read more »

a person prepares to fight by taping their knuckles
Dividend Stocks

Canadian Defensive Stocks to Buy Now for Stability

| Demetris Afxentiou

Looking for stability? Here are three Canadian defensive stocks that deliver steady dividends and long‑term reliability for any portfolio.

Read more »