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

Doctor talking to a patient in the corridor of a hospital.
Dividend Stocks

3 No-Brainer Healthcare Stocks to Buy With $500 Right Now

| Christopher Liew, CFA

Three outperforming healthcare stocks are strong buys with as little as $500 in capital.

Read more »

A plant grows from coins.
Dividend Stocks

1 Cash-Gushing Dividend Stock Set to Beat Out the TSX

| Amy Legate-Wolfe

This dividend stock is one of the best ways for investors to get into the mining sector, with far more…

Read more »

Young Boy with Jet Pack Dreams of Flying
Dividend Stocks

Prediction: These 2 Canadian Dividend Stocks Will Take Flight in 2025

| Andrew Walker

These stocks pay generous dividends and still look undervalued.

Read more »

A train passes Morant's curve in Banff National Park in the Canadian Rockies.
Dividend Stocks

The Best Canadian Stock to Buy and Hold Forever in Your TFSA

| Amy Legate-Wolfe

This Canadian stock could be the best one for your TFSA, if you're wanting to invest in a sector that…

Read more »

view of skyscapers from below
Dividend Stocks

Best Stock to Buy Right Now: TD vs Bank of Nova Scotia?

| Joey Frenette

Bank of Nova Scotia (TSX:BNS) probably won't make you rich, but it's severely oversold at writing.

Read more »

Nurse talks with a teenager about medication
Dividend Stocks

A 6.9% Dividend Super Star Paying Out Every Month

| Amy Legate-Wolfe

This dividend stock has a stellar long-term outlook, with a higher yield for those wanting income every single month.

Read more »

senior relaxes in hammock with e-book
Dividend Stocks

3 No-Brainer Dividend Stocks to Buy With $200 Right Now

| Sneha Nahata

With $200 investors can buy shares of companies that regularly pay dividends and have the potential to increase them for…

Read more »

worker holds seedling in soybean field
Dividend Stocks

A Dividend Super Star I’d Buy Over TD Stock Right Now

| Amy Legate-Wolfe

TD stock could still be a strong buy long term. But I'd perhaps wait until the dust settles, and buy…

Read more »

money goes up and down in balance
Dividend Stocks

Is Dollarama Stock a Buy Now?

| Jitendra Parashar

Dollarama’s continued focus on its expansion strategy could help its share price continue soaring in the years to come.

Read more »

box of children's toys
Dividend Stocks

Down 45%, This Magnificent Dividend Stock Is a Screaming Buy

| Aditya Raghunath

Spin Master is trading at a deep discount to consensus price target estimates.

Read more »

hand stacks coins
Dividend Stocks

A Dividend Powerhouse I’d Buy Over Chemtrade Stock Right Now

| Amy Legate-Wolfe

Chemtrade stock has long been seen as a strong investment, but this dividend stock might have a few problems.

Read more »

a man relaxes with his feet on a pile of books
Dividend Stocks

The Smartest Dividend Stocks to Buy With $5,000 Right Now

| Andrew Button

Now could be a smart time to buy Canadian dividend stocks like Fortis (TSX:FTS).

Read more »

space ship model takes off
Dividend Stocks

2 Soaring Stocks to Hold for the Next 20 Years

| Christopher Liew, CFA

Invest in these two high-growth stocks today and stay invested for the next 20 years.

Read more »

hand stacking money coins
Dividend Stocks

2 High-Yield Dividend Stocks to Buy Right Now

| Adam Othman

Buy and hold these two TSX stocks in your self-directed investment portfolio to lock in high-yielding dividends for the long…

Read more »

shopper buys items in bulk
Dividend Stocks

An 8.5% Dividend Stock I’ll be Buying and Holding for Decades!

| Amy Legate-Wolfe

If there's one thing we all need, it's food. Which is why this dividend stock is a must buy.

Read more »

Forklift in a warehouse
Dividend Stocks

Canadian REITs: Top Real Estate Stocks to Buy Now

| Daniel Da Costa

With these two top real estate stocks both trading undervalued, they are undoubtedly two of the best Canadian REITs to…

Read more »

man shops in a drugstore
Dividend Stocks

RRSP Investors: Buy These Top U.S. Dividend Stocks for Total Returns

| Tony Dong, MSc, CETF®

Both of these U.S. dividend kings have increased payouts for over 50 consecutive years.

Read more »

RRSP (Registered Retirement Savings Plan) on wooden blocks and Canadian one hundred dollar bills.
Dividend Stocks

RRSP Wealth: 2 Great Canadian Dividend Stocks to Buy in October 

| Chris MacDonald

Here's why Fortis (TSX:FTS) and Enbridge (TSX:ENB) are two top Canadian dividend stocks to buy and hold right now.

Read more »

dividends can compound over time
Dividend Stocks

2 Undervalued Canadian Growth Stocks to Buy Now

| Amy Legate-Wolfe

While these two growth stocks may not be near all-time highs, this could mean they have a lot more room…

Read more »

Pile of Canadian dollar bills in various denominations
Dividend Stocks

Beat the TSX With This Cash-Gushing Dividend Stock

| Aditya Raghunath

Down 26% from all-time highs, Tourmaline Oil stock offers you a tasty dividend yield while trading at a cheap multiple…

Read more »

A plant grows from coins.
Dividend Stocks

RRSP Investors: 3 Top TSX Stocks With Great Records of Dividend Growth

| Andrew Walker

These stocks have paid reliable dividends for decades.

Read more »

Offshore wind turbine farm at sunset
Dividend Stocks

The 4.7% Dividend Stock Set to Dominate the TSX

| Amy Legate-Wolfe

With all this market volatility, the market can be a bit of a scary place to invest. Which is why…

Read more »

e-commerce shopping getting a package
Dividend Stocks

1 Superb TSX Dividend Stock Down 10% to Buy and Hold Forever

| Amy Legate-Wolfe

Need some cash for a major deal? Pick up this top dividend stock down 10% in the last three months!

Read more »

Blocks conceptualizing Canada's Tax Free Savings Account
Dividend Stocks

TFSA Limit: Where to Invest $7,000 for Passive Income

| Andrew Walker

This TFSA income strategy can boost average yield while reducing capital risk.

Read more »

hand stacks coins
Dividend Stocks

3 Blue-Chip Stocks Every Canadian Should Own

| Sneha Nahata

These blue-chip stocks offer growth, stability, and income, making them attractive long-term bets.

Read more »

RRSP Canadian Registered Retirement Savings Plan concept
Dividend Stocks

Here’s the Average RRSP Balance at Age 44 for Canadians 

| Puja Tayal

At age 44, your RRSP can be your go-to tool to pump up your retirement portfolio and work towards achieving…

Read more »

online shopping
Dividend Stocks

The Smartest Dividend Stocks to Buy With $3,000 Right Now

| Kay Ng

These stocks offer long-term growth potential and rising dividends, making them smart investments to buy now and on market corrections.

Read more »

stocks climbing green bull market
Dividend Stocks

3 Stable Stocks With the Highest Growth of the Last Decade

| Amy Legate-Wolfe

These 3 TSX stocks haven't just had the highest growth over the last decade, they also had the most stable…

Read more »

A close up color image of a small green plant sprouting out of a pile of Canadian dollar coins "loonies."
Dividend Stocks

Is CGI Stock a Buy for its 0.4% Dividend Yield?

| Karen Thomas, MSc, CFA

Backed by its strong and reliable business, CGI stock is joining the list of top dividend stocks to buy for…

Read more »

hand stacks coins
Dividend Stocks

The Smartest Dividend Stocks to Buy With $500 Right Now

| Sneha Nahata

These companies have a track record of raising dividends year after year. Moreover, they offer visibility over future payouts.

Read more »

Senior uses a laptop computer
Dividend Stocks

3 Top Dividend Stocks Canadians Can Feel Confident Buying Aggressively

| Daniel Da Costa

As interest rates continue to fall, here are three of the top Canadian dividend stocks that investors can buy now…

Read more »

senior relaxes in hammock with e-book
Dividend Stocks

How to Use Your TFSA to Make $300 Per Month in Tax-Free Income

| Christopher Liew, CFA

Making $300 per month in tax-free income is doable with regular TFSA contributions and a high-yield dividend stock.

Read more »

Concept of big data flow, analysis, and visualizing complex information for artificial intelligence
Dividend Stocks

Where to Invest $10,000 in a Bullish Market

| Kay Ng

In a bullish market, investors should pick stocks wisely to avoid valuation risk. Here's a value stock idea.

Read more »

worker carries stack of pizza boxes for delivery
Dividend Stocks

3 Affordable Dividend Stocks That Pay Cash Every Month

| Christopher Liew, CFA

Three price-friendly, small-cap stocks pay generous cash dividends every month.

Read more »

grow money, wealth build
Dividend Stocks

TFSA Investors: 2 Dividend Stocks to Buy Now for Yields Near 6%

| Andrew Walker

These stocks offer high yields yet still look undervalued.

Read more »

Offshore wind turbine farm at sunset
Dividend Stocks

Boost Your Dividend Payments Immediately With This TSX Stock

| Amy Legate-Wolfe

How does a 5.6% dividend yield sound?

Read more »

Man holds Canadian dollars in differing amounts
Dividend Stocks

You Got a CRA Payment? Don’t Blow It. Boost Your Wealth With These Savvy Savings Tips

| Amy Legate-Wolfe

Take those benefits and turn them into even more cash.

Read more »

customer uses bank ATM
Dividend Stocks

CPP Won’t Cut It: How to Boost Your Retirement Income

| Amy Legate-Wolfe

Investing in dividend stocks can help.

Read more »

woman retiree on computer
Dividend Stocks

2 Great Canadian Dividend Stocks to Buy for Passive Income

| Andrew Walker

These stocks have raised their dividends annually for decades.

Read more »

Canadian dollars are printed
Dividend Stocks

Retirees: You’ll Want Your CPP With a Side of This Dividend Stock

| Amy Legate-Wolfe

CPP is great, don't get me wrong. But it's certainly not something retirees can depend on alone. Which is why…

Read more »