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

Happy diverse people together in the park
Dividend Stocks

Canadians: Where to Invest $10,000 for the Next 10 Years

| Joey Frenette

Canadians need to invest wisely amid these highly uncertain times with deep-value stocks like H&R REIT (TSX:HR.UN) that have a…

Read more »

Shopping card with boxes labelled REITs, ETFs, Bonds, Stocks
Dividend Stocks

Want to Be Rich? 3 Cheap Stocks Could Get You There

| Adam Othman

The Bank of Montreal stock, SmartCentres REIT stock, and Nutrien stock can make you a wealthy investor for a bargain.

Read more »

Where to Invest?
Dividend Stocks

Dividend Investors: Should You Buy Telus (TSX:T) or Royal Bank of Canada (TSX:RY) Stock?

| Andrew Walker

Telus (TSX:T)(NYSE:TU) and Royal Bank (TSX:RY)(NYSE:RY) both provide a 5% dividend yield. Which top stock is a better dividend pick…

Read more »

Community homes
Dividend Stocks

Weak Housing Market Could Last Until 2022 Says CMHC

| Adam Othman

The Fortis stock can help you protect your capital with the possibility of a prolonged housing market crash on its…

Read more »

Gold king in chess game face with the another silver team on black background (Concept for company strategy, business victory or decision)
Dividend Stocks

TFSA Investors: Have an Extra $6,000? Then Buy This Dividend Stalwart Today

| Nelson Smith

Today is a glorious opportunity to add Capital Power (TSX:CPX) to your TFSA. And not just because it has a…

Read more »

Dollar symbol and Canadian flag on keyboard
Dividend Stocks

3 Canadian Stocks that CRUSHED Earnings Despite COVID-19!

| Andrew Button

Despite COVID-19, stocks like Shopify Inc (TSX:SHOP)(NYSE:SHOP) managed to crush earnings in Q1.

Read more »

edit Colleagues chat over ketchup chips
Dividend Stocks

Canada Revenue Agency: This RRSP Mistake Could Cost You Dearly

| Aditya Raghunath

Bank stocks such as BMO have recently plummeted, leaving in their wake an ample supply of generous dividend yields. Here's…

Read more »

Cannabis Stocks

Here’s Why Gold and Cannabis Stocks Are a Powerful Combo

| Victoria Hetherington

Stocks like Aphria Inc. (TSX:APHA)(NYSE:APHA) have outperformed their industries. Find out why gold and cannabis makes a strong combined play.

Read more »

A stock price graph showing declines
Dividend Stocks

Market Crash Alert: Canadian Tire (TSX:CTC.A) Stock Down 40% Since February

| Aditya Raghunath

Canadian Tire (TSX:CTC.A) stock has been beaten down in 2020. It is trading at a bargain, and it's a good…

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

Portfolio Protection: 2 TSX Stocks to Buy

| Jared Seguin

While markets continue to display volatility, investors are seeking portfolio protection. These 2 TSX stocks are solid choices to shield…

Read more »

Shopping card with boxes labelled REITs, ETFs, Bonds, Stocks
Dividend Stocks

Got $3,000 to Invest? Here Are 3 Cheap TSX Stocks to Buy in May

| Andrew Button

After the recent stock market crash, stocks like Fortis Inc (TSX:FTS)(NYSE:FTS) remain historically cheap.

Read more »

Shopping card with boxes labelled REITs, ETFs, Bonds, Stocks
Dividend Stocks

2 Top TSX Stocks to Buy in 2020

| Victoria Hetherington

The market is rallying, but can it last? Let’s explore two ways to play the current market, including top consumer…

Read more »

Volatile market, stock volatility
Dividend Stocks

#1 Income Stock for Unstable Markets

| Debra Ray

Algonquin Power & Utilities Corp (TSX:AQN)(NYSE:AQN) may not be a top growth or value stock to buy, but it is a…

Read more »

Man with no money. Businessman holding empty wallet
Dividend Stocks

Canada Revenue Agency: 1 TFSA Mistake That Can Cost You Big in 2020

| Ambrose O'Callaghan

The TFSA is a terrific investment vehicle, but Canada Revenue Agency penalties can bite Canadians hard if they make one…

Read more »

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

A More Severe TSX Stock Market Selloff Looms

| Christopher Liew, CFA

The TSX is picking up steam lately, although it remains unstable. A severe selloff still looms as long as COVID-19…

Read more »

Piggy bank next to a financial report
Dividend Stocks

TFSA Investors: How to Earn $420 in Monthly Income and Pay Zero Taxes to the CRA

| Aditya Raghunath

Here's why you can look to add BNS stock to your TFSA right now.

Read more »

Growth from coins
Dividend Stocks

TFSA Investors: 3 Discounted Growth Stocks Might Recover Your Losses

| Adam Othman

The market still hasn't fully recovered, and plenty of amazing stocks are still available at a discount.

Read more »

Man considering whether to sell or buy
Dividend Stocks

If You Have $6,000, Buy These 3 TSX Stocks Today!

| Robin Brown

The recent TSX volatility has created some long-term opportunities to buy stocks. Got $6,000 to invest? Here are three solid…

Read more »

Where to Invest?
Dividend Stocks

TFSA Investors: Invest $500 in This TSX Stock Right Now!

| Aditya Raghunath

High Liner Foods (TSX:HLF) stock has the potential to gain over 20% in the next year. Add it to your…

Read more »

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

Coronavirus Canada: Your TFSA Comes in Handy Now

| Kay Ng

Your TFSA can help you now if you're tight for cash. It can also help you to save substantial money…

Read more »

IMAGE OF A NOTEBOOK WITH TFSA WRITTEN ON IT
Dividend Stocks

CRA Can’t Tax This Income: 2 TFSA Top Picks for Tax-Free Dividends

| Joey Frenette

Suncor Energy Inc. (TSX:SU)(NYSE:SU) and another cheap dividend stock that investors should strongly consider adding to their TFSAs for tax-free…

Read more »

potted green plant grows up in arrow shape
Dividend Stocks

It’s Official: Shopify Is Now Canada’s Amazon

| Chris MacDonald

Shopify (TSX:SHOP)(NYSE:SHOP) is now Canada's Amazon. Read about how coronavirus has changed investors' perception of the company and the road…

Read more »

office buildings
Dividend Stocks

Which Housing Crash Will Be Worse: Vancouver or Toronto?

| Adam Othman

Two of the largest and hottest housing markets in the country are teetering on the brink of collapse. But one…

Read more »

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

3 Top Canadian Stocks to Buy With $3,000

| Mat Litalien, MBA

Investing in top Canadian stocks such as Royal Bank of Canada (TSX:RY)(NYSE:RY) is one of safest ways to build wealth…

Read more »

Business man on stock market financial trade indicator background.
Dividend Stocks

3 Stocks to Buy During a Recession

| David Jagielski

The iShares Canadian Select Dividend Index ETF (TSX:XDV) and these two other stocks are great places to invest in, even during…

Read more »

Clean energy
Dividend Stocks

Forget Oil Stocks: Buy This Instead

| Ryan Vanzo

Oil stocks are struggling following a price war. The choice is now clear: stick with stocks like Brookfield Renewable Partners…

Read more »

Bank sign on traditional europe building facade
Dividend Stocks

TD (TSX:TD) Is a Screaming Buy Today

| Joey Frenette

TD (TSX:TD)(NYSE:TD) looks like the best bank for your buck, even in the middle of one of the worst crises…

Read more »

The road to the future
Dividend Stocks

Do Your Taxes Free: CRA Virtual Free Tax Clinics in 2020

| Adam Othman

People with modest incomes can benefit from free tax clinics where volunteers file their taxes for them. Due to the…

Read more »

Various Canadian dollars in gray pants pocket
Dividend Stocks

Here’s a Better $2,000/Month Than CRA’s CERB

| Kay Ng

The $2,000 per month CERB money from the CRA is temporary. Here’s how you can generate passive income of more…

Read more »

Senior couple at the lake having a picnic
Dividend Stocks

How Canadian Retirees Can Enhance Their 1-Time COVID-19 Aid

| Vineet Kulkarni

The government recently announced a COVID-19 aid for seniors. But it is better to have more than one income stream,…

Read more »

Hands holding trophy cup on sky background
Coronavirus

This TSX Stock Is a Must-Have in Your Portfolio

| Sneha Nahata

Alimentation Couche-Tard is a special stock that should be a part of every portfolio.

Read more »

Group of industrial workers in a refinery - oil processing equipment and machinery
Dividend Stocks

Top Canadian Oil Stocks Are Rebounding: Time to Buy?

| Haris Anwar

Recovering oil demand makes a strong case for buying Canada's top oil stocks, which are better positioned to weather this…

Read more »

Gas pipelines
Dividend Stocks

Should You Rush to Buy Pembina Pipeline (TSX:PPL) Stock?

| Sneha Nahata

The decline in Pembina Pipeline stock presents an excellent opportunity to earn big yield and gain from capital appreciation along…

Read more »

Pipeline
Energy Stocks

Is Oil Set to Spike? Buy This Stock and You Could Double Your Money in 2020

| Kris Knutson

Oil stocks have been soul-crushing investments over the past several years. That does not change the fact that stocks like…

Read more »

You Should Know This
Dividend Stocks

Canada Revenue Agency: The $400 GSTC Credit Is Available Until September

| Aditya Raghunath

You can supplement federal payouts by investing in top-quality dividend stocks such as Enbridge.

Read more »

Financial technology concept.
Dividend Stocks

Market Crash Phase 2: How to Protect Your TFSA Wealth

| Joey Frenette

Fortis Inc. (TSX:FTS)(NYSE:FTS) is a top pick for cautious investors who are looking to play defence before the next vicious…

Read more »

Modern buildings in business district
Dividend Stocks

77% of Canadians Are Making This RRSP Mistake… and the CRA Is Reaping the Rewards!

| Andrew Button

Only 23% of Canadians are contributing to RRSPs, which means 77% are missing out on tax-deferred gains on ETFs like…

Read more »

Business success with growing, rising charts and businessman in background
Dividend Stocks

Coronavirus Canada: These TSX Stocks Are Set to Spike

| Kay Ng

These stocks can jump from a change in the Canadian coronavirus situation. Can you guess which stock is a safer…

Read more »

Value for money
Dividend Stocks

Cheap Stocks to Buy Below Book Value

| Mat Litalien, MBA

Cheap stocks are still easy to find and companies such as Brookfield Asset Management (TSX:BAM.A)(NYSE:BAM) are trading at a steep…

Read more »

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

Is Warren Buffett Past His Investing Prime?

| Adam Othman

Warren Buffett might be past his prime as he has missed out on investing in tech stocks like Shopify and…

Read more »