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

railroad
Dividend Stocks

Why Canadian National Railway (TSX:CNR) Surprised the Market Yesterday

| Karen Thomas, MSc, CFA

Canadian National Railway stock rallies as its second quarter earnings result demonstrates continued record operational excellence.

Read more »

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

Got $3,000? 3 COVID-19 Resistant Stocks to Consider

| Andrew Button

If you're looking for a stock that can weather the COVID-19 storm, consider The Canadian National Railway (TSX:CNR)(NYSE:CNI).

Read more »

A stock price graph showing declines
Dividend Stocks

Yes, the Stock Market Could Crash Again: Here’s How I Would Invest $6,000

| Sneha Nahata

Here’s how to invest $6,000 if you are worried about another stock market crash.

Read more »

Increasing yield
Bank Stocks

Got $3,000 to Invest? Buy These High-Yield Dividend Stocks Right Now

| Sneha Nahata

These TSX stocks have a solid record of consistently paying higher dividends.

Read more »

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

$100 a Week Can Earn You $500 a Month and $75,000 in TFSA Balance

| Puja Tayal

The COVID-19 pandemic has reduced the stock price of many high-quality dividend stocks. If you have $75,000 in your TFSA,…

Read more »

You Should Know This
Dividend Stocks

RRSP Investors: How to Withdraw $35,000 From Your Account and Pay Zero Taxes to the CRA

| Aditya Raghunath

Here's how you can leverage the Home Buyers' Plan and withdraw money from your RRSP without paying taxes to the…

Read more »

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

Build a Longer-Lasting $2,000/Month Than CERB Using $250,000

| Adam Othman

Since the CERB won't last forever, here's how you can create a longer-lasting passive income through dividend-paying stocks like Inovalis…

Read more »

IMAGE OF A NOTEBOOK WITH TFSA WRITTEN ON IT
Dividend Stocks

OAS and CPP Not Enough? 2 Top Dividend Stocks to Start a TFSA Pension

| Andrew Walker

Telus (TSX:TU) and another top dividend stock are attractive TFSA picks to help increase income when OAS and CPP pensions…

Read more »

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

5 Sneaky But Legal Ways to Save on Taxes in Canada

| Christopher Liew, CFA

Canadians can lighten the burden every tax season if only they know the credits and deductions available. The Manulife stock…

Read more »

Increasing yield
Dividend Stocks

Which Top 10 High-Yield Dividend Stocks Should You Buy?

| Victoria Hetherington

Discover the top 10 highest-yielding dividend stocks and find out whether names like Enbridge (TSX:ENB)(NYSE:ENB) are good investments right now.

Read more »

edit Real Estate Investment Trust REIT on double exsposure business background.
Dividend Stocks

Opportunity of a Lifetime: 2 High-Yield REITs With Yields up to 10.5%

| Joey Frenette

Passive-income investors should look to buy SmartCentres REIT (TSX:SRU.UN) and another high-yield REIT right now amid the COVID-19 crisis.

Read more »

IMAGE OF A NOTEBOOK WITH TFSA WRITTEN ON IT
Dividend Stocks

Got $1,000 to Invest? This Badly Bruised Dividend Stock Has Your TFSA’s Name on it!

| Joey Frenette

Restaurant Brands International Inc. (TSX:QSR)(NYSE:QSR) is a bruised dividend stock that I'll be looking to buy for my TFSA on…

Read more »

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

This 1 Remarkable $4,000 CRA CERB Update Will Have You Cheering!

| Christopher Liew, CFA

The CERB extension will again serve as the lifeline of Canadians who have yet to return to work or are…

Read more »

Dividend Stocks

2 Stocks to Buy and Hold for Eternity

| Christopher Liew, CFA

Assuming analysts are correct in predicting another market crash, investors with defensive positions will remain calm. The Fortis stock and…

Read more »

Growth from coins
Dividend Stocks

2 Dividend Stocks to Buy This Week

| Ryan Vanzo

Now is the time to build a position in high-yield, ultra-reliable dividend stocks like Brookfield Renewable Partners LP (TSX:BEP.UN)(NYSE:BEP).

Read more »

Pixelated acronym REIT made from cubes, mosaic pattern
Dividend Stocks

TFSA Income: 3 REITs Yielding up to 6.3% to Buy Today

| Ambrose O'Callaghan

TFSA investors should be on the hunt for discounted REITs like Choice Properties REIT (TSX:CHP.UN) as we look ahead to…

Read more »

Various Canadian dollars in gray pants pocket
Dividend Stocks

How to Get $500 CERB-Like Payments Forever

| Ryan Vanzo

The CERB program will end, but if you want the payments to keep coming, build your own pension with stocks…

Read more »

Payday ringed on a calendar
Dividend Stocks

Life After CERB: How to Keep Your $2,000/Month!

| Andrew Button

If you want to build up a passive-income stream that DOESN'T expire, consider the iShares S&P/TSX 60 Index Fund (TSX:XIU).

Read more »

Profit dial turned up to maximum
Dividend Stocks

TFSA Investors: This Dividend Stock Pays 9% and Could Be the Best Deal Out There Right Now

| David Jagielski

Corus Enteratinment Inc. (TSX:CJR.B) stock could provide your portfolio with lots of recurring cash flow.

Read more »

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

Millennial Couples: How to Make $11,000 in Tax-Free Dividends Every Year

| Aditya Raghunath

Here's how you can generate an alternative tax-free income stream by investing in Enbridge (TSX:ENB)(NYSE:ENB) stock.

Read more »

woman data analyze
Dividend Stocks

Forget the Recession: These 2 TSX Stocks Win No Matter What

| Kay Ng

There are too many losing businesses in this pandemic-triggered recession. Thankfully, there are also winners, like these TSX stocks.

Read more »

FREIGHT TRAIN
Dividend Stocks

Update: CN Rail (TSX:CNR) Stock Does Little to Impress in Q2

| Mat Litalien, MBA

CN Rail (TSX:CNR)(NYSE:CNI) posted mixed quarterly results in which it beat on earnings but missed on revenue. Is this top…

Read more »

TELECOM TOWERS
Dividend Stocks

3 Top Reasons to Buy BCE (TSX:BCE) Now

| Demetris Afxentiou

Few long-term investments can offer what BCE (TSX:BCE)(NYSE:BCE) can. Whether your goal is growth or income, here's why you should…

Read more »

Chalk outline of two arrows pointing in opposite directions
Dividend Stocks

CRA Aid Not Enough? Do This to Increase Your Income

| Kay Ng

Are you getting CRA benefits, but they’re not enough? Increase your income in a flash by doing this!

Read more »

Man making notes on graphs and charts
Bank Stocks

Your GST/HST Credit Comes With an Expiry: Here’s How to Maximize its Benefits

| Sneha Nahata

Even a small investment of $400 GST credit can go a long way.

Read more »

Target. Stand out from the crowd
Dividend Stocks

Here’s a Solid Investment Your Portfolio Needs

| Demetris Afxentiou

Fortis (TSX:FTS)(NYSE:FTS) is a solid investment option for any portfolio. Here's why investors looking for both income and growth will…

Read more »

House Key And Keychain On Wooden Table
Dividend Stocks

Housing Market Update: Canadian Home Prices Jumped 6.5% in June!

| Andrew Button

With the housing market heating up, it could be a good time to invest in REITs like RioCan Real Estate…

Read more »

Oil pipes in an oil field
Dividend Stocks

Enbridge (TSX:ENB) Versus Inter Pipeline (TSX:IPL): Only Buy 1 Stock

| Ryan Vanzo

Enbridge (TSX:ENB)(NYSE:ENB) and Inter Pipeline Ltd (TSX:IPL) are both promising pipeline stocks, but you only want to own one of…

Read more »

Freight Train
Dividend Stocks

CRA Savers: Is CN Rail a Good Stock to Buy?

| Victoria Hetherington

Canadians in receipt of tax credits should consider building positions in strong businesses. Here’s why names like CN Rail (TSX:CNR)(NYSE:CNI)…

Read more »

Bank sign on traditional europe building facade
Dividend Stocks

CPP & OAS Retirees: Boost Your Income Today

| Debra Ray

Supplement your CPP and OAS payments with dividends from owning the Bank of Nova Scotia (TSX:BNS)(NYSE:BNS) stock on the Toronto…

Read more »

Businessman looking at a red arrow crashing through the floor
Dividend Stocks

Yes, Another Market Crash Is Right Around the Corner

| Adam Othman

Another market crash is almost a certainty at this point. What most analysts are concerned with now is the "when"…

Read more »

oil tank at night
Dividend Stocks

Is Suncor (TSX:SU) Stock a Buy Before Earnings?

| Mat Litalien, MBA

Suncor (TSX:SU)(NYSE:SU) is down by 45% in 2020 and is scheduled to report second quarter results on Wednesday. Is the…

Read more »

Bank sign on traditional europe building facade
Dividend Stocks

Should You Buy Royal Bank of Canada (TSX:RY) Stock After BoA’s Earnings?

| Andrew Button

An American bank's earnings release could tell us what's in store for Royal Bank of Canada (TSX:RY)(NYSE:RY) in Q2.

Read more »

Volatile market, stock volatility
Dividend Stocks

Alberta Woes Continue: Pension Fund Loses $2.1 Billion

| Christopher Liew, CFA

AIMCo, the pension fund manager in Alberta, lost $2.1 billion in the 2020 pandemic because its VOLT strategy was not…

Read more »

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

Got Kids? You Might Get $300 From the CRA for Each One

| Christopher Liew, CFA

The one-time CCB boost and its enhancements for the benefit year 2020-21 should alleviate the financial stress of parents. Investing…

Read more »

office buildings
Dividend Stocks

2 in 3 Canadians Are on the Brink of Financial Ruin

| Christopher Liew, CFA

Canadians experiencing financial hardships can apply for various coronavirus-related emergency programs. Investors wanting exposure to news and business information sector…

Read more »

Volatile market, stock volatility
Dividend Stocks

Market Crash 2020: 3 Dividend All-Star Stocks to Buy Today

| Ambrose O'Callaghan

Dividend all-star stocks like Power Corporation (TSX:POW) can provide protection in the event of a second market crash this year.

Read more »

Pixelated acronym REIT made from cubes, mosaic pattern
Dividend Stocks

Retirees: Supplement Your CPP Payments With These 2 Income-Producing REITs

| Aditya Raghunath

Here's how you can supplement your CPP pension payments.

Read more »

edit Real Estate Investment Trust REIT on double exsposure business background.
Dividend Stocks

COVID-19: Here’s Where the Biggest Opportunities Still Lie on the TSX Index

| Joey Frenette

H&R REIT (TSX:HR.UN) is one of many battered opportunities on the TSX Index that contrarian investors should capitalize on today,…

Read more »

IMAGE OF A NOTEBOOK WITH TFSA WRITTEN ON IT
Dividend Stocks

$1,000 Invested in These 2 Beaten-Down TSX Stocks Could Supercharge Your TFSA

| Sneha Nahata

$1,000 investment in these beaten-down stocks could go a long way.

Read more »