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

Various Canadian dollars in gray pants pocket
Dividend Stocks

The $2,000 CRA CERB Is Good: Here’s More Money You Can Keep

| Kay Ng

Using your TFSA, you can make substantial income from your savings without paying a single dime in taxes to the…

Read more »

Target. Stand out from the crowd
Dividend Stocks

How Telus (TSX:T) Health Is Disrupting the Traditional Care Market

| Karen Thomas, MSc, CFA

Telus stock is a dividend stock that its poised for strong growth, as Telus Health continues to thrive in the…

Read more »

Question marks in a pile
Dividend Stocks

Canada Revenue Agency: What Will Replace CERB?

| Vishesh Raisinghani

The Canada Revenue Agency has offered up additional eligibility for CERB recipients, but Canadians should also explore stocks like Emera…

Read more »

Portrait of woman having fun in the street.
Dividend Stocks

Millennials: 3 Hot Dividend Stocks to Buy Today

| Ambrose O'Callaghan

Millennials should remain strong in this financial crisis and scoop up discounted dividend stocks like IA Financial Corp. (TSX:IAG) in…

Read more »

young woman celebrating a victory while working with mobile phone in the office
Dividend Stocks

Income Investors: Here Are 2 Incredible +5% Dividend Stocks to Buy Right Now!

| Robin Brown

Now is the time to load up on high-quality income stocks! Check out these incredible +5% dividend stocks and lock…

Read more »

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

Beyond the CRA’s CERB or EI: Your TFSA Income Stream Can Last a Lifetime

| Joey Frenette

SmartCentres REIT (TSX:SRU.UN) and Inovalis REIT (TSX:INO.UN) can help you build a bountiful TFSA income stream to outlast the CRA's…

Read more »

Value for money
Dividend Stocks

5 Value TSX Stocks to Buy Today for a Recovery

| Victoria Hetherington

Stocks like Westshore Terminals Investment (TSX:WTE) match beat-up value with recovery potential. Here’s what to buy next for the upside.

Read more »

Businessmen teamwork brainstorming meeting.
Dividend Stocks

TFSA Investors: 2 Battered Dividend Stocks to Buy in August

| Joey Frenette

TD Bank (TSX:TD)(NYSE:TD) and another value stock could make value-hungry TFSA investors very rich over the next few years.

Read more »

Value for money
Dividend Stocks

3 Bargain Stocks to Buy if the Market Crashes Again

| Adam Othman

Many stocks have displayed great reliance and recovery since the last crash and are currently overpriced thanks to their rapid…

Read more »

Gold bars
Dividend Stocks

Attention Investors: A Top Gold Stock to Buy for Dividend Growth and Safety

| Karen Thomas, MSc, CFA

Agnico-Eagle Mines is the gold stock to buy as it prepares to significantly grow its dividend and as investors rush…

Read more »

Happy retirement
Dividend Stocks

Retire at 55: How Your $20,000 TFSA Can Become $500,000 in Just 25 Years

| Andrew Walker

Here is a simple strategy to help Canadian investors retire at 55.

Read more »

Family relationship with bond and care
Dividend Stocks

$80 Billion CERB: 8 Million Canadians Are Thankful

| Christopher Liew, CFA

Even if the CERB were to wind down in August, Canadians can invest in long-term income providers such as the…

Read more »

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

Hooray! If You Have a Child, You Can Get an Extra $300

| Christopher Liew, CFA

The one-time $300 CCB enhancement in May 2020 is most helpful to Canadians with children. They are receiving more in…

Read more »

Red siren flashing
Dividend Stocks

WARNING: You Might Not Get the $4,000 CERB Extension!

| Adam Othman

Create your own passive income stream using Fortis since the CRA can reject your CERB extension application.

Read more »

Handwriting text writing Are You Ready For Tomorrow question. Concept meaning Preparation to the future Motivation Stand blackboard with white words behind blurry blue paper lobs woody floor.
Dividend Stocks

Are You Eligible for an Extra $443 GST Rebate in 2020?

| Andrew Button

If you get an extra GST/HST rebate this year you could invest it in ETFs like the iShares S&P/TSX 60…

Read more »

You Should Know This
Dividend Stocks

CRA Extends Tax Filing Deadline (Again): Why You Should Still File ASAP!

| Kyle Walton

Three reasons why you may not want to wait to file your income tax return, even with CRA’s recent deadline…

Read more »

Bank sign on traditional europe building facade
Dividend Stocks

1 TSX Stock That Outperformed Royal Bank of Canada (TSX:RY) and Toronto-Dominion (TSX:TD) in the Last Decade

| Aditya Raghunath

Forget Royal Bank of Canada (TSX:RY) and Toronto-Dominion Bank (TSX:TO) stocks and look at this 5.7% yielding mortgage lender for…

Read more »

Businessmen teamwork brainstorming meeting.
Dividend Stocks

Dividend Investors: This 9.3% Yielding Stock on the TSX Can Gain 13% in the Next Year

| Aditya Raghunath

Alaris Royalty (TSX:AD) stock is an attractive buy right now, given its tasty dividend yield and upside potential.

Read more »

Paper airplanes flying on blue sky with form of growing graph
Dividend Stocks

3 Top TSX Stocks for Beginners to Buy in August

| Vineet Kulkarni

These TSX stocks offer decent dividends and attractive growth prospects for the long-term. Do you hold them in your portfolio?

Read more »

edit Colleagues chat over ketchup chips
Dividend Stocks

Stock Market Crash: 2 TSX Dividend Payers That Are Still Dirt Cheap!

| Joey Frenette

Manulife Financial Corp. (TSX:MFC)(NYSE:MFC) and another battered TSX dividend payer that are still cheap after the 2020 stock market crash.

Read more »

edit Colleagues chat over ketchup chips
Dividend Stocks

$5,000 Student CRA Crisis Payments: Here’s How You Could Get $8,000

| Christopher Liew, CFA

The student CRA crisis payments can range from $5,000 to $8,000 per individual. It’s substantial, because an equivalent amount can…

Read more »

edit Back view of hugging couple standing with real estate agent in front of house for sale
Dividend Stocks

Housing Crash 2020: Don’t Miss This Once-in-a-Lifetime Chance

| Adam Othman

Many prospective home buyers and investors, especially those living in Toronto or Vancouver, might get a real chance to enter…

Read more »

Profit dial turned up to maximum
Dividend Stocks

Forget CERB: Here’s How to Get $15,000 Per Year Tax-Free

| Andrew Walker

Here's how Canadians can get $15,000 tax-free in annual income approved by the CRA after CERB ends.

Read more »

Question marks in a pile
Dividend Stocks

RBC (TSX:RY) Stock: How Has it Done During COVID-19?

| Adam Othman

Take a closer look at the Royal Bank of Canada and its performance amid the global health crisis caused by…

Read more »

Gold bullion on a chart
Metals and Mining Stocks

Buy This 1 Gold Stock That Just Raised its Dividend

| Victoria Hetherington

Even against a backdrop of outstanding gold performance, Centerra Gold (TSX:CG) glitters with long-term potential. Here’s why this stock is…

Read more »

Payday ringed on a calendar
Dividend Stocks

Worried the CRA CERB Will Be Gone? Then Get $2,000 Every Month Here

| Kay Ng

The CRA’s $2,000-a-month CERB won't last. Start exploring this proven strategy to get more income.

Read more »

Young woman sat at laptop by a window
Dividend Stocks

How to Make Money Online With Stocks

| Kay Ng

Deciding to invest in your first stocks? Then you'll want to find out what drives stockS higher and how else…

Read more »

Mature financial advisor showing report to young couple for their investment
Dividend Stocks

Canada Revenue Agency: How to Prepare for the End of CERB

| Ambrose O'Callaghan

The federal government has announced an ending to the CERB program and a transition to EI reform, which should inspire…

Read more »

Family relationship with bond and care
Dividend Stocks

CPP Pension and OAS Payments Alone Aren’t Enough to Survive

| Christopher Liew, CFA

Supplement your CPP pension and OAS payments with investment income from a bankable asset like the Toronto-Dominion Bank stock. It’s…

Read more »

Community homes
Dividend Stocks

Trouble Coming: A Housing Crash Could Happen Very Soon

| Adam Othman

Investors considering REITs like RioCan REIT could soon have an opportunity to purchase shares at lower prices with an imminent…

Read more »

Volatile market, stock volatility
Dividend Stocks

Market Crash: 2 Top Dividend Stocks to Buy on the Dip

| Ambrose O'Callaghan

The S&P/TSX Composite Index shed 130 points on July 31. Last week, I’d discussed the fears of a second market…

Read more »

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

3 Dividend Aristocrats I’m Buying in August

| Sneha Nahata

Earn steady passive income even in a volatile market.

Read more »

Question marks in a pile
Dividend Stocks

Canada Revenue Agency: Did You Miss the Extra $400 GST Credit?

| Adam Othman

Consider investing in the Lightspeed POS stock with the money you can get through this GST Credit from the CRA.

Read more »

Watch for the Warning Signs Stock Market Prices Trends 3d Illustration
Dividend Stocks

Warren Buffett Is Holding Onto This 1 TSX Stock for Dear Life

| Adam Othman

Consider investing in Suncor as Warren Buffett continues to hold on to this energy company despite the harsh economic environment.

Read more »

Volatile market, stock volatility
Dividend Stocks

The Feared Market Crash Could Descend Quickly

| Christopher Liew, CFA

You can play the waiting game like the billionaires if a market crash is looming in the horizon. The TC…

Read more »

Pixelated acronym REIT made from cubes, mosaic pattern
Dividend Stocks

RRSP Investors: 3 REITs to Buy in August

| Ambrose O'Callaghan

Canadians looking to revamp their RRSP should look to promising REITs like Northview Apartment REIT (TSX:NVU.UN) this summer.

Read more »

You Should Know This
Dividend Stocks

Maxing Out Your RRSP Could Lead to Higher CPP Taxes: Do This Instead!

| Andrew Button

If you max out your RRSP, you could pay higher CPP taxes when you withdraw. Hold ETFs like the iShares…

Read more »

IMAGE OF A NOTEBOOK WITH TFSA WRITTEN ON IT
Dividend Stocks

2 Top Dividend Stocks Yielding 6% to Buy With a $6,000 TFSA Contribution

| Andrew Walker

These two top Canadian dividend stocks appear cheap today and offer 6% yields for a TFSA portfolio.

Read more »

Coronavirus written newspaper close up shot to the text.
Dividend Stocks

TFSA Investors: 2 COVID-19-Battered Stocks to Buy Cheap

| Adam Othman

Value investors have an excellent opportunity to invest in Canada Goose and BlackBerry to capitalize on buying the beaten-down stocks…

Read more »

A golden egg in a nest
Dividend Stocks

How to Retire Early From a 2020 Market Crash

| Kay Ng

Want to retire early? Here are two stocks that can help you retire early now WITHOUT a market crash. Of…

Read more »