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

edit Balloon shaped as a heart
Dividend Stocks

Warren Buffett Would Love These 3 Canadian Companies

| Chris MacDonald

Iconic investor Warren Buffett would approve of these three picks: Canadian National Railway (TSX:CNR)(NYSE:CNI), Suncor Energy (TSX:SU)(NYSE:SU), and Manulife Financial…

Read more »

Happy diverse people together in the park
Dividend Stocks

CRA Tip: Ignore the Deadline Change and Do This

| Kay Ng

The Canada Revenue Agency extended the tax-filing deadline to June, but you should ignore the change and do this for…

Read more »

Community homes
Bank Stocks

Is a Huge Housing Market Crash Likely in 2020?

| Christopher Liew, CFA

Every time there is talk about a housing market crash, CIBC stock comes into focus. The bank with the highest…

Read more »

FREIGHT TRAIN
Dividend Stocks

Retire Rich: Should TFSA Investors Buy CN (TSX:CNR) Stock Today?

| Andrew Walker

Long-term investors in CN (TSX:CNR)(NYSE:CNI) stock have become quite wealthy. Is this the right time to add CN to your…

Read more »

close-up photo of investor Warren Buffett
Dividend Stocks

Have $2,000 to Invest? Bet on Canada’s Warren Buffett for the Next 20 Years

| Joey Frenette

Fairfax Financial Holdings Ltd. (TSX:FFH) is a bet on the return of Prem Watsa, a.k.a. Canada's Warren Buffett, after his…

Read more »

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

Oil Crash 2020: Canadian Natural Resources (TSX:CNQ) Stock Remains a Top Pick

| Karen Thomas, MSc, CFA

Canadian Natural Resources earnings release show that Canadian Natural Resources stock is the stock to own in an oil crash.

Read more »

IMAGE OF A NOTEBOOK WITH TFSA WRITTEN ON IT
Dividend Stocks

TFSA Investors: Avoid These Dividend Stocks!

| David Jagielski

Cenovus Energy Inc (TSX:CVE)(NYSE:CVE) is one of many stocks this year that's either cut or suspended its dividend payments.

Read more »

IMAGE OF A NOTEBOOK WITH TFSA WRITTEN ON IT
Dividend Stocks

CRA: 1/3rd of Canadians Are Making This Big TFSA Mistake

| Adam Othman

Learn about this critical TFSA mistake that 33% of Canadians are making and invest in a stock like Suncor.

Read more »

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

Here’s What $5,000 Invested in This TSX Stock Will Make in 5 Years

| Victoria Hetherington

Northland Power Inc. (TSX:NPI) is a top stock to buy for a high-returning portfolio. Here’s what potential shareholders need to…

Read more »

Happy retirement
Dividend Stocks

TFSA 101: How Retired Couples Can Maximize Tax-Free Income

| Andrew Walker

Here's how retirees can generate income without paying additional tax.

Read more »

office buildings
Dividend Stocks

Income Investing: Should You Trust These TSX REITs?

| Jared Seguin

For Canadians looking to get value out of income investing, TSX REITs are a great choice. Find out if these…

Read more »

FREIGHT TRAIN
Dividend Stocks

CN Rail (TSX:CNR): A Top Canadian Stock to Buy in May

| Haris Anwar

Canadian National Railway Co. (TSX:CNR)(NYSE:CNI) is a top stock to buy as the railroad company is in a great position…

Read more »

Happy couple being attended by office worker at office
Dividend Stocks

Why the Sun Life Stock Price Soared Over 6.5% Yesterday

| Karen Thomas, MSc, CFA

Sun Life's earnings result beats expectations on strong results in Asia and at MFS, sending the stock price soaring higher.

Read more »

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

Ditch Canadian Tire (TSX:CTC.A) Stock: Buy This Instead

| Ryan Vanzo

Value investors are flocking to Canadian Tire Corporation (TSX:CTC.A) stock, but you should be buying the company's landlord instead.

Read more »

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

Wise Warren Buffett Words to Follow Right Now

| Adam Othman

Many investors are waiting for Warren Buffett to make a move so that they can follow his lead. I believe…

Read more »

close-up photo of investor Warren Buffett
Dividend Stocks

Warren Buffett Got Rich From This Theme: Here Is How You Can, Too!

| Robin Brown

Warren Buffett built his wealth by betting on American progress. Why not build your wealth like Buffett and own these…

Read more »

Businessperson's Hand Putting Coin In Piggybank
Dividend Stocks

1 High-Yield Dividend Stock to Buy and Hold Forever

| Adam Othman

The BCE stock is a high-yield, dividend-paying stock that you can consider buying and forgetting to grow your wealth substantially…

Read more »

Arrow descending on a graph
Dividend Stocks

Nervous About a Market Crash? Buy This All-Weather TSX Stock

| Sneha Nahata

Want to protect your portfolio and earn consistent income? Consider buying this all-weather TSX stock.

Read more »

Pixelated acronym REIT made from cubes, mosaic pattern
Dividend Stocks

Market Crash: How Much Will Canadian REITs Cut Their Dividends?

| Kay Ng

There's lots to watch out for when it comes to REIT investment safety, including industries of investment, dividend safety, and…

Read more »

Senior Man Sitting On Sofa At Home With Pet Labrador Dog
Dividend Stocks

Retirement Income: 2 Stable Income Stocks to Buy Today

| Kris Knutson

With GICs paying paltry sums these days, retirees are forced to look at the stock market. Generate income with solid…

Read more »

Clean energy
Dividend Stocks

Have $1,000? 1 Top Canadian Energy Stock to Buy Today

| Matt Smith

Canadian energy stock Canacol Energy Ltd. (TSX:CNE) is trading at a deep discount making now the time to buy and…

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

7 Million CRA CERB Applicants: Can You Get $2,000/Month?

| Christopher Liew, CFA

The Transcontinental stock might slash dividends as operations during the pandemic are limited to essential services. About 1,600 laid-off workers…

Read more »

Hand writing Time for Action concept with red marker on transparent wipe board.
Dividend Stocks

TFSA Investors: Invest $6,000 in This TSX Dividend Stock Right Now!

| Aditya Raghunath

A look at Capital Power's impressive Q1 performance.

Read more »

Cogs turning against each other
Dividend Stocks

Where to Invest $5,000 Right Now

| David Jagielski

Dollarama (TSX:DOL) and this other stock are some of the safer investments to have in your portfolio right now.

Read more »

Upwards momentum
Dividend Stocks

TFSA Users: 3 Strong Signals That a Market Rally Is Moments Away

| Christopher Liew, CFA

Signals are emerging that momentum is starting to build in the TSX. TFSA users thinking of investing again should consider…

Read more »

Knowledge concept with quote written on wooden blocks
Dividend Stocks

CIBC (TSX:CM) Stock: Is This 7% Dividend Yield the Deal of the Decade?

| Andrew Walker

CIBC (TSX:CM)(NYSE:CM) stock offers a 7% dividend yield. Is the distribution safe?

Read more »

Early retirement handwritten in a note
Dividend Stocks

Why Today Is the Perfect Time to Pursue Your Early Retirement Dreams

| Nelson Smith

Stop giving your employer all the power! Here's why an early retirement (or at least a proper mindset) makes loads…

Read more »

Modern buildings in business district
Dividend Stocks

Generate $1,000 of Income in the Market Rally

| Mat Litalien, MBA

Investing in high quality dividend stocks is an easy way to generate $1,000 in income annually. These stocks are likely…

Read more »

Pixelated acronym REIT made from cubes, mosaic pattern
Dividend Stocks

Should You Buy REITs if the Housing Market Crashes?

| Adam Othman

Northwest Healthcare Properties could be an ideal asset to consider in the event of a housing market crash.

Read more »

oil tank at night
Dividend Stocks

Enbridge Stock Is Yielding 8%, But Is it Safe to Buy?

| Haris Anwar

Enbridge stock is offering one of the best dividend yields these days. But volatile energy prices have kept investors on…

Read more »

hand using ATM
Dividend Stocks

Is TD Bank Stock a Buy Right Now?

| Aditya Raghunath

Toronto-Dominion Bank (TSX:TD)(NYSE:TD) is a bargain today and investors could miss out on an amazing opportunity if they don't buy…

Read more »

Illustration of bull and bear
Dividend Stocks

3 Stocks to Buy and Hold During the Coronavirus Pandemic

| David Jagielski

Jamieson Wellness (TSX:JWEL) and these two other stocks have outperformed the TSX in 2020, and they could still go higher.

Read more »

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

Covid-19 Rebound: #1 Defense Stock to Buy

| Debra Ray

Top stock market movers of 2020 report profitable Covid-19 defence contracts and innovative, high return technology like Airboss of America…

Read more »

Volatile market, stock volatility
Dividend Stocks

Don’t Trust the Market Rally? Buy This Stock

| Ryan Vanzo

The market rally has pushed prices higher, but if you're nervous about another downturn, load up on Hydro One Limited…

Read more »

Gas pipelines
Dividend Stocks

Suncor (TSX:SU) Stock: Time to Sell?

| Mat Litalien, MBA

Suncor's (TSX:SU)(NYSE:SU) is no longer a reliable dividend stock. It slashed the dividend by 55%, and the outlook remains bearish.

Read more »

Canadian Dollars
Bank Stocks

Income Investors: With a 5.5% Yield, TD Bank (TSX:TD) Is a Buy Today

| Kris Knutson

If there is a prolonged economic slowdown, you will need to pick the right bank. Holding a diversified bank like…

Read more »

Various Canadian dollars in gray pants pocket
Dividend Stocks

2 Super Dividend Stocks Too Cheap to Ignore

| Ambrose O'Callaghan

Manulife Financial Inc. (TSX:MFC)(NYSE:MFC) and Sun Life Financial (TSX:SLF)(NYSE:SLF) are two dividend stocks that can be had for cheap in…

Read more »

railroad
Dividend Stocks

Is This Canada’s Most Defensive Dividend Stock?

| Victoria Hetherington

Canadian National Railway Co. (TSX:CNR)(NYSE:CNI) is one of the most strongly diversified dividend stocks on the TSX. Here’s why else…

Read more »

Young adult woman walking up the stairs with sun sport background
Coronavirus

Stock Market Rally in May? 3 Metrics to Watch

| Victoria Hetherington

Stocks like Canadian Imperial Bank of Commerce (TSX:CM)(NYSE:CM) track the economy. Here’s what else to look out for.

Read more »

edit Four girl friends withdrawing money from credit card at ATM
Dividend Stocks

TFSA Investing: Should You Buy TD (TSX:TD) Stock Today?

| Andrew Walker

The share price of TD (TSX:TD) (NYSE:TD) appears cheap right now, but market risks remain. Is this the right time…

Read more »