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

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

A Perfect TFSA Stock: 8.2% Payout Each Month

| Jitendra Parashar

This grocery-anchored REIT combines dependable monthly payouts with long-term growth potential for TFSA investors.

Read more »

Real estate investment concept with person pointing on growth graph and coin stacking to get profit from property
Dividend Stocks

3 High-Yield Stocks for Canadian Retirees

| Sneha Nahata

Retirees can rely on these high-yield Canadian dividend stocks for generating steady passive income regardless of the market conditions.

Read more »

jar with coins and plant
Dividend Stocks

The Easiest Way to Build Wealth in Canada’s Stock Market

| Amy Legate-Wolfe

VGRO is a simple, low-cost way for Canadians to get global diversification, automatic rebalancing, and built-in dividend exposure in one…

Read more »

Person holds banknotes of Canadian dollars
Dividend Stocks

3 TSX Dividend Stocks That Just Raised Their Payouts

| Brian Paradza, CFA

Waste Connections (WCN), Capital Power (CPX), and another Canadian dividend stock just raised their regular payouts. Which one should you…

Read more »

stocks climbing green bull market
Dividend Stocks

TSX’s Record Run: Is There More Upside Ahead?

| Christopher Liew, CFA

Whether the TSX’s record run extends or not, two stocks are excellent year-end buys.

Read more »

The sun sets behind a power source
Dividend Stocks

A Canadian Dividend Champion to Hold Through Any Market Crash

| Andrew Walker

This company has increased its dividend annually for five decades.

Read more »

Real estate investment concept
Dividend Stocks

Is goeasy Stock a Buy on the Dip?

| Rajiv Nanjapla

Given its lower valuation, healthier growth prospects, and consistent dividend growth, goeasy offers attractive buying opportunities at these levels, despite…

Read more »

Business success of growth metaverse finance and investment profit graph concept or development analysis progress chart on financial market achievement strategy background with increase hand diagram
Dividend Stocks

5 Under-the-Radar Dividend Stocks With Remarkably Reliable Payouts

| Daniel Da Costa

These five stocks all have sustainable dividends while providing an attractive yield, a tonne of growth potential, or a combination…

Read more »

House models and one with REIT real estate investment trust.
Dividend Stocks

Why This Canadian REIT Could Be a Buy-and-Hold Forever Stock

| Daniel Da Costa

This top Canadian REIT is trading dirt cheap and offers a sustainable dividend, making it one of the best stocks…

Read more »

dividend growth for passive income
Dividend Stocks

Why I’m Pounding the Table on This Dirt-Cheap Canadian Growth Stock

| Aditya Raghunath

Valued at a market cap of $43 billion, Waste Connections is a Canadian growth stock that offers you significant upside…

Read more »

Close up of an egg in a nest of twigs on grass with RRSP written on it symbolizing a RRSP contribution.
Dividend Stocks

This TSX Dividend Stock Can Provide Big Income in Retirement

| Andrew Walker

This company has raised its dividend in each of the past 30 years.

Read more »

Printing canadian dollar bills on a print machine
Dividend Stocks

How to Use $21,000 to Transform a TFSA Into a Cash-Pumping Machine

| Amy Legate-Wolfe

Turn $21,000 in your TFSA into a tax-free, income-generating portfolio by buying dividend growers and reinvesting for compounding.

Read more »

Pile of Canadian dollar bills in various denominations
Dividend Stocks

I’d Buy These 2 Dividend Giants for Decades of Passive Income

| Jitendra Parashar

These two Canadian giants continue to grow their businesses while paying dividends that investors can count on.

Read more »

hand stacking money coins
Dividend Stocks

How I’d Create $34 in Monthly Income With a $5,000 TFSA Investment

| Amy Legate-Wolfe

Turn $5,000 in a TFSA into steady monthly income by buying monthly‑paying REITs, reinvesting distributions, and adding contributions over time.

Read more »

Blocks conceptualizing Canada's Tax Free Savings Account
Dividend Stocks

How to Use Your TFSA to Earn $116 per Month in Tax-Free Income

| Amy Legate-Wolfe

Want tax‑free monthly income? SmartCentres REIT’s steady tenants and mixed‑use redevelopment make it a compelling TFSA income pick.

Read more »

dividends can compound over time
Dividend Stocks

4 Reliable Canadian Stocks With +5% Dividend Yields

| Rajiv Nanjapla

Backed by their strong fundamentals, steady cash flows, and promising growth outlooks, these four Canadian stocks are well-positioned to generate…

Read more »

senior man and woman stretch their legs on yoga mats outside
Dividend Stocks

2 Monthly-Paying Dividend ETFs Canadian Retirees Can Buy for Steady Income

| Daniel Da Costa

Both of these ETFs offer steady and reliable dividend income, making them two of the best investments retirees can buy…

Read more »

TFSA (Tax free savings account) acronym on wooden cubes on the background of stacks of coins
Dividend Stocks

Turn Your TFSA Into a $500/Monthly Dividend Machine

| Amy Legate-Wolfe

Turning a TFSA into a $500/month dividend machine is realistic with disciplined contributions, dividend reinvestment, and reliable income picks like…

Read more »

Middle aged man drinks coffee
Dividend Stocks

It’s Not Too Late to Catch Up on Retirement Savings

| Amy Legate-Wolfe

You can still catch up on retirement – start today, automate savings, and use a smart mix of growth and…

Read more »

happy woman throws cash
Dividend Stocks

How Investors Can Turn $10,000 Into Income That Just Keeps Coming

| Kay Ng

Turn $10,000 into income today by investing across these three solid Canadian dividend-growth stocks.

Read more »

dividend growth for passive income
Dividend Stocks

3 Stocks I Like Better Than Fortis for the High Dividend Yield

| Daniel Da Costa

Here are three top Canadian stocks that offer similar reliability, but a much higher dividend than the 3.5% yield you'll…

Read more »

dividends grow over time
Dividend Stocks

These Are My 5 Favourite Dividend Stocks to Buy Now

| Robin Brown

Now might be the time to add some dividend income to your portfolio. Here are five of my favourite Canadian…

Read more »

woman looks out at horizon
Dividend Stocks

Kickstart Your Retirement Plan at Age 40 With $10,000

| Amy Legate-Wolfe

Starting retirement savings at 40 with $10,000 isn’t too late – disciplined contributions, tax‑efficient accounts, and compounding can still build…

Read more »

man looks surprised at investment growth
Dividend Stocks

2 Blue-Chip Canadian Stocks That Offer 5% Dividend Yields

| Daniel Da Costa

These two blue-chip stocks have reliable operations and pay attractive dividends, making them some of the best investments Canadians can…

Read more »

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

How I’d Structure My TFSA With $21,000 for Consistent Monthly Income

| Aditya Raghunath

Here's why TFSA investors should consider owning monthly dividend stocks such as Whitecap and RioCan REIT right now.

Read more »

stock chart
Dividend Stocks

Down 22% From All-Time Highs: Is This 3.5% Dividend Stock a Buy Right Now?

| Amy Legate-Wolfe

goeasy’s stock sits below its prior highs, yet steady loan growth, conservative credit controls, and rising dividends suggest it could…

Read more »

Pile of Canadian dollar bills in various denominations
Dividend Stocks

3 Stocks Under $10 That I’m Buying Now

| Karen Thomas, MSc, CFA

Blackberry is one of the stocks under $10 that I believe investors should consider, due to its exposure to the…

Read more »

Business success of growth metaverse finance and investment profit graph concept or development analysis progress chart on financial market achievement strategy background with increase hand diagram
Dividend Stocks

Why This Canadian Dividend Stock Looks Built to Last

| Kay Ng

Fortis is a predictable business, but the stock appears to be fully valued and a dip to the $62 level…

Read more »

group of jack-o-lanterns smile together
Dividend Stocks

Dividend Investors: 3 Canadian Stocks to Buy in October

| Robin Brown

If you are a bit worried that markets seem frothy, take a defensive position with these three quality Canadian dividend…

Read more »

A worker gives a business presentation.
Dividend Stocks

2 Safer Canadian Stocks to Buy Now With $1,000

| Kay Ng

These two proven Canadian stocks are trading at discounts, providing a lower-risk opportunity to invest $1,000 right now.

Read more »

warehouse worker takes inventory in storage room
Dividend Stocks

This Real Estate Stock Could Secure Your Passive Income Dreams

| Aditya Raghunath

Income-seeking investors should consider holding this REIT to benefit from a growing dividend yield and long-term capital gains.

Read more »

A plant grows from coins.
Dividend Stocks

How Investors Can Turn $20,000 Into Income That Just Keeps Coming

| Sneha Nahata

These dividend stocks maintain a sustainable payout ratio and have a resilient earnings base to consistently pay dividends.

Read more »

a person watches a downward arrow crash through the floor
Top TSX Stocks

2 Dirt Cheap Stocks to Buy With $5,000 Right Now

| Demetris Afxentiou

Looking for some cheap stocks to buy in a market hitting many 52-week highs? Here are two top picks that…

Read more »

diversification is an important part of building a stable portfolio
Dividend Stocks

How I’d Invest $100,000 in Canadian Dividend Stocks

| Brian Paradza, CFA

Build retirement wealth with $100,000 via buy-and-hold Canadian dividend stocks, including an ETF and a REIT. Reinvest dividends with a…

Read more »

Utility, wind power
Dividend Stocks

This Renewable Giant Could Power the Next Generation of Investors

| Jitendra Parashar

Brookfield Renewable’s growing partnerships and reliable dividends make it a top renewable stock worth owning for the long term.

Read more »

up arrow on wooden blocks
Dividend Stocks

This Dividend Stock Down 20% is My Contrarian Buy of the Year

| Kay Ng

goeasy's track record of top earnings and dividend growth plus a 20% dip in the stock make it a top…

Read more »

Blocks conceptualizing Canada's Tax Free Savings Account
Dividend Stocks

How I’d Structure My TFSA With $14,000 for Consistent Monthly Income

| Amy Legate-Wolfe

Want steady monthly income from a $14,000 TFSA? Here’s a simple, diversified plan to build dependable, growing cash flow without…

Read more »

Woman checking her computer and holding coffee cup
Dividend Stocks

Down 30% and Still Growing its Payout: 1 Canadian Stock I’d Snap Up

| Amy Legate-Wolfe

Brookfield Renewable looks undervalued, with massive scale, inflation‑linked contracts, and U.S. policy tailwinds that could drive steady income and multi‑year…

Read more »

Colored pins on calendar showing a month
Dividend Stocks

Boost Your Passive Income With These 3 Monthly-Paying Dividend Stocks

| Rajiv Nanjapla

These three monthly-paying dividend stocks with healthy cash flows and higher yields can boost your passive income.

Read more »

dividends can compound over time
Dividend Stocks

Bank of Canada Cuts Interest Rates Again: What it Means for Investors

| Robin Brown

The Bank of Canada made its second consecutive interest rate reduction to 2.25%. Here's what is means for Canadian investors.

Read more »