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

Payday ringed on a calendar
Dividend Stocks

3 Dividend Stocks That Pay Me More Than $54.57 Per Month

| Amy Legate-Wolfe

These three dividend stocks have done me well over the years, so let's look at how much I've gotten in…

Read more »

Golden crown on a red velvet background
Dividend Stocks

Dividend Royalty: 3 Fabulous Stocks to Buy Now for Decades of Passive Income

| Brian Paradza, CFA

Rogers Communications stock and Canadian Natural Resources stock could pay you dividends for decades to come.

Read more »

Dividend Stocks

The Top Canadian REITs to Buy in April 2024

| Amy Legate-Wolfe

For growth and dividends this April, look to these two REITs that have quite the promising present as well as…

Read more »

Businessman holding tablet and showing a growing virtual hologram of statistics, graph and chart with arrow up on dark background. Stock market. Business growth, planning and strategy concept
Dividend Stocks

TFSA Magic: Earn Enormous Passive Income That the CRA Can’t Touch

| Amy Legate-Wolfe

If you're seeking out passive income, with zero taxes involved, then get on board with a TFSA and this portfolio…

Read more »

Man with no money. Businessman holding empty wallet
Dividend Stocks

2 Stocks Under $50 New Investors Can Confidently Buy

| Demetris Afxentiou

There are some great stocks under $50 that every investor needs to know about. Here’s a look at two great…

Read more »

think thought consider
Dividend Stocks

Down 10.88%: Is ATD Stock a Good Buy After Earnings?

| Adam Othman

Alimentation Couche-Tard (TSX:ATD) stock might not be the easy buy-case it once was. Here’s a look at what happened.

Read more »

money cash dividends
Dividend Stocks

TFSA Dividend Stocks: Earn $1,200/Year Tax-Free

| Sneha Nahata

Canadian stocks like Fortis are a must-have in your portfolio to earn tax-free yields for decades.

Read more »

Growth from coins
Dividend Stocks

1 Grade A Dividend Stock Down 11% to Buy and Hold Forever 

| Amy Legate-Wolfe

If you're looking for the right dividend stock at the right price, you're going to want to consider this insurance…

Read more »

sale discount best price
Dividend Stocks

1 Dividend Stock Down 11 Percent to Buy Right Now

| Demetris Afxentiou

Do you want a great dividend stock down 11% that can provide years of growth potential? Here's one heavily discounted…

Read more »

Target. Stand out from the crowd
Dividend Stocks

2 Dividend Stocks to Double Up on Right Now

| Jed Lloren

Are you looking for dividend stocks to buy right now? Here are two top picks!

Read more »

edit Taxes CRA
Dividend Stocks

Tax Time: How to Keep More of Your Money

| Christopher Liew, CFA

Nearly everyone hates paying taxes, although Canadians can lessen the financial pain with the right tax strategies.

Read more »

TELECOM TOWERS
Dividend Stocks

2 Ultra-High-Yield Telco Stocks to Buy Hand Over Fist and 1 to Avoid

| Puja Tayal

Telco stocks are trading near their multi-year lows. It is an opportune time to buy them hand over fist and…

Read more »

Golden crown on a red velvet background
Dividend Stocks

How to Earn $1,332.50 a Year With Dividend Aristocrats

| Christopher Liew, CFA

Income-focused investors can earn their desired passive income streams through dividend aristocrats.

Read more »

Canadian stocks are rising
Dividend Stocks

Looking for Big Passive Income? 2 Easy REITs to Consider

| Joey Frenette

H&R REIT (TSX:HR.UN) and SmartCentres REIT (TSX:SRU.UN) could help fund your retirement.

Read more »

Family relationship with bond and care
Dividend Stocks

CPP Pension: 1 Move to Increase Your Payouts by $6,877 Per Year

| Aditya Raghunath

Canadian retirees can consider boosting their CPP payouts by delaying the benefit and investing in blue-chip dividend stocks.

Read more »

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

This 8.6% Dividend Stock Pays Cash Every Month

| Aditya Raghunath

Diversified Royalty is a high-dividend stock that offers a tasty yield in 2024. Is the TSX dividend stock a buy…

Read more »

rain rolls off a protective umbrella in a rainstorm
Dividend Stocks

3 Safe Canadian Dividend Stocks to Buy and Hold Forever

| Jitendra Parashar

Here are three of the safest Canadian dividend stocks you can buy now and hold as long as you want.

Read more »

edit Taxes CRA
Dividend Stocks

Master Your Taxes: Get More Back from the CRA This Year

| Christopher Liew, CFA

Mastering your taxes by knowing old and new tax deductions can lighten your tax burden in 2024.

Read more »

question marks written reminders tickets
Dividend Stocks

What’s the CPP Contribution Amount for 2024?

| Puja Tayal

The second phase of CPP enhancement has begun. Know how much CPP contribution your employer will deduct from your 2024…

Read more »

Payday ringed on a calendar
Dividend Stocks

Buy 1,026 Shares of This Quality Dividend Stock for $100 in Monthly Passive Income

| Aditya Raghunath

High-dividend TSX stocks such as Slate Grocery can help you generate stable passive income in 2024.

Read more »

top TSX stocks to buy
Dividend Stocks

How to Build a Bulletproof Monthly Passive-Income Portfolio With Just $7,000 in 2024

| Amy Legate-Wolfe

These monthly passive-income investments can turn your TFSA into a powerhouse passive-income producer -- all with just $7,000.

Read more »

consider the options
Dividend Stocks

TFSA Investors: Should You Buy BCE Stock for its 8.68% Dividend Yield?

| Adam Othman

With the downturn in its valuation, BCE stock offers higher-than-usual yielding dividends. But is the attractive dividend yield worth it?

Read more »

Money growing in soil , Business success concept.
Dividend Stocks

2 Incredible Dividend Growers to Buy Hand Over Fist in March

| Jed Lloren

Are you looking for stocks that could help you increase the amount of passive income you generate? Here are two…

Read more »

TFSA and coins
Dividend Stocks

TFSA Magic: The Best $7,000 Investment Moves for 2024

| Christopher Liew, CFA

The TFSA is more potent in 2024, and users can weave magic with the $7,000 limit and right investment moves.

Read more »

clock time
Dividend Stocks

Is Now the Time to Buy Brookfield Asset Management Stock?

| Andrew Button

Brookfield Asset Management (TSX:BAM) is a quality stock, but is it a buy now?

Read more »

woman analyze data
Dividend Stocks

3 Blue-Chip Stocks Every Canadian Should Own

| Amy Legate-Wolfe

If you're looking for long-term investing, blue-chip stocks are your best option. And these three top the list for all…

Read more »

financial freedom sign
Dividend Stocks

2 Canadian ETFs That Could Help You Retire a Millionaire

| Amy Legate-Wolfe

These two ETFs are perfect for investors that want a diverse portfolio they can set and forget, reinvesting income to…

Read more »

Technology
Stocks for Beginners

The Best Stocks to Invest $1,000 in Right Now

| Demetris Afxentiou

Want a great starter portfolio? Here’s a list of the best stocks to invest $1,000 in right now for long-term…

Read more »

exchange traded funds
Dividend Stocks

Buy 382 Shares in This Glorious Dividend Stock and Create $596 in Passive Income

| Brian Paradza, CFA

A $10,000 investment in the iShares Core MSCI Canadian Quality Dividend Index ETF (TSX:XDIV) could satisfy your passive income needs,…

Read more »

oil and gas pipeline
Dividend Stocks

Better Stock: Fortis vs Enbridge

| Rajiv Nanjapla

While both Fortis and Enbridge have rewarded their shareholders with consistent dividend growth, let’s assess which is a better buy…

Read more »

Overhead shot of young adults using technology at a table
Dividend Stocks

Where Will QSR Stock Be in 5 Years?

| Aditya Raghunath

QSR stock has delivered market-beating returns to shareholders in the past decade. Is QSR stock still a good buy?

Read more »

Dividend Stocks

1 Under-$10 Dividend Stock to Buy for Monthly Passive Income

| Amy Legate-Wolfe

NorthWest (TSX:NWH.UN) stock reported a strong year end that sent shares up by 21%! But there could be more to…

Read more »

Various Canadian dollars in gray pants pocket
Dividend Stocks

Best Dividend Stock to Buy for Passive-Income Investors: BEP Stock vs. NPI Stock

| Amy Legate-Wolfe

Both of these renewable energy companies have a strong dividend and strong future, but which is the better choice?

Read more »

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

5 Secrets of Millennial Millionaires

| Amy Legate-Wolfe

Canadian millennial millionaires do exist, and while it might come with cutting back, there are some simple ways to create…

Read more »

Increasing yield
Dividend Stocks

2 TSX Dividend Stock With Over 8% Yields to Buy Today

| Jitendra Parashar

You can buy these top TSX dividend stocks with over 8% yields in 2024 as they offer both steady income…

Read more »

stock data
Dividend Stocks

Should Investors Buy BCE Stock for its 8.7% Dividend?

| Amy Legate-Wolfe

BCE (TSX:BCE) stock has been known as a top dividend stock in the past, but there are a few issues…

Read more »

Payday ringed on a calendar
Dividend Stocks

2 Monthly Dividend Stocks Passive-Income Investors Should Own in April

| Aditya Raghunath

Monthly high-dividend TSX stocks such as Canadian Apartment Properties offer tasty payouts in 2024.

Read more »

A plant grows from coins.
Dividend Stocks

2 Dividend-Growth Stocks I’d Buy if They Fall a Bit

| Joey Frenette

Brookfield Corp. (TSX:BN) and another top TSX dividend stock are worth buying if they fall.

Read more »

protect, safe, trust
Dividend Stocks

Got $15,000? How to Invest for a Bulletproof Passive-Income Portfolio

| Aditya Raghunath

Here's how you can create a diversified passive-income portfolio by investing in stocks, ETFs, and GICs in 2024.

Read more »

sale discount best price
Dividend Stocks

Have $500? 2 Absurdly Cheap Stocks Long-Term Investors Should Buy Right Now

| Amy Legate-Wolfe

If you're looking for cheap stocks, these two are filled with momentum to reach all-time highs, with plenty of value…

Read more »