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

More information about dividend stocks in Canada:

[KevelPitch/]

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

Dividend Stocks

1 Magnificent REIT Stock Down 25% to Buy and Hold Forever

| Brian Paradza, CFA

Seeking juicy monthly passive income? Buy Dream Industrial REIT at a 34% NAV discount in June and earn a 6.6%…

Read more »

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

How I’d Use $7,000 to Build a Monthly Income Fortress in My TFSA

| Robin Brown

Do you want a monthly income stream that is tax-free? Here are three stocks to add to your TFSA for…

Read more »

A red umbrella stands higher than a crowd of black umbrellas.
Dividend Stocks

This Canadian Blue-Chip Down 20% Pays a Fortress-Like Dividend

| Jitendra Parashar

Here’s why this undervalued energy giant could be a solid anchor for your portfolio in uncertain times.

Read more »

Canadian dollars in a magnifying glass
Dividend Stocks

Where I’d Invest $9,200 in The TSX Today

| Kay Ng

For long-term investors with a focus on building wealth through both income and capital appreciation, these two picks could be…

Read more »

dividend growth for passive income
Dividend Stocks

The Smartest Dividend-Growth Stock to Buy With $4,100 Right Now

| Amy Legate-Wolfe

This growing industry is one that's not going to slow down any time soon, which is what makes this dividend…

Read more »

Concept of multiple streams of income
Dividend Stocks

Where I’d Invest $5,900 in the TSX Today

| Andrew Button

I would invest money in Suncor Energy (TSX:SU) stock and two others.

Read more »

sale discount best price
Dividend Stocks

2 Cheap TSX Stocks With Great Dividend Yields

| Andrew Walker

These stocks trade at discounted prices and offer attractive dividend yields.

Read more »

Pile of Canadian dollar bills in various denominations
Dividend Stocks

Where I’d Invest $10,800 in the TSX Today

| Brian Paradza, CFA

This TSX hidden gem turned $10K into $81K in 10 years with monthly dividends. Here's why Olympia Financial Group (TSX:OLY)…

Read more »

shopper chooses vegetables at grocery store
Dividend Stocks

This Monthly Dividend Legend Yields 8.3% and Looks Absurdly Cheap

| Amy Legate-Wolfe

Cheap? Check. Income? Check. Every single month? Check and check!

Read more »

Person holding a smartphone with a stock chart on screen
Dividend Stocks

Got $5,000? How I’d Allocate it Across 5 Financial Stocks for Lasting Sector Exposure

| Brian Paradza, CFA

Scotiabank, goeasy, and three other Canadian financial sector stocks are favourite buys in a long-term investing strategy today.

Read more »

hand stacking money coins
Dividend Stocks

How I’d Build an Unstoppable Income Portfolio With $7,000

| Daniel Da Costa

Here's how to find the highest-quality dividend stocks on the TSX to build a reliable and unstoppable income portfolio.

Read more »

A plant grows from coins.
Dividend Stocks

This Hidden Gem Stock Yields 9.5% and Is Set for Explosive Growth 

| Puja Tayal

Very few high-yielding dividend stocks give both monthly dividends and capital growth. This stock is that hidden gem.

Read more »

Canadian stocks are rising
Dividend Stocks

This Financial Stock Down 9% Could Secure Your Retirement Income

| Amy Legate-Wolfe

If you want a top stock that you simply won't have to worry about, this is the one I'd pick.

Read more »

Technology
Dividend Stocks

1 Magnificent Monthly Dividend Stock Down 7% to Buy and Hold Forever

| Amy Legate-Wolfe

This monthly dividend producer is a growing winner for dividend portfolios.

Read more »

Hourglass projecting a dollar sign as shadow
Dividend Stocks

2 TSX Dividend Stocks That Could Pay You Forever

| Jitendra Parashar

These two buy-and-hold TSX stocks could reward you with attractive dividends for decades.

Read more »

Canadian Red maple leaves seamless wallpaper pattern
Dividend Stocks

The Best Canadian Stocks to Buy With $25,000 Right Now

| Aditya Raghunath

Here are the three best Canadian stocks you should consider buying right now to generate outsized gains in 2025 and…

Read more »

Person holds banknotes of Canadian dollars
Dividend Stocks

How I’d Secure $119 Monthly Dividends With a $20,000 Investment

| Jitendra Parashar

It doesn’t take a fortune to build monthly income -- here’s a top TSX dividend stock that proves it.

Read more »

grow money, wealth build
Dividend Stocks

TFSA Passive Income: 2 Dividend-Growth Stocks to Buy on Dips

| Andrew Walker

These stocks have increased their dividends for decades.

Read more »

dividends grow over time
Dividend Stocks

Recession-Resistant Portfolio: 3 Dividend Stocks to Hold During a Recession

| Jitendra Parashar

Whether you want to protect your dividend income or preserve capital, these three safe dividend stocks are worth a closer…

Read more »

senior man smiles next to a light-filled window
Dividend Stocks

How I’d Transform $7,000 Into a Growing Stream of Monthly Cash

| Amy Legate-Wolfe

There are quite a few monthly dividend stocks, but this one offers a growing stream of cash from a growing…

Read more »

ways to boost income
Dividend Stocks

I’d Invest $7,000 in This TSX Monthly Payer for Decades of Stable Income

| Brian Paradza, CFA

Investors can get monthly dividend income from this top retirement ETF, which delivers a 3.9% yield and global diversification for…

Read more »

RRSP Canadian Registered Retirement Savings Plan concept
Dividend Stocks

RRSP Wealth: 3 Top TSX Dividend-Growth Stocks to Own for Decades

| Andrew Walker

These stocks have increased their dividends annually for decades.

Read more »

A person looks at data on a screen
Dividend Stocks

This Canadian Dividend Champion Yielding 4% Is My Top Recession-Proof Pick

| Amy Legate-Wolfe

This dividend stock may sound boring, but during a recession, boring is, by far, the best.

Read more »

protect, safe, trust
Dividend Stocks

3 Safety Stocks for a Defensive Lineup

| Demetris Afxentiou

The market is full of volatility, but this trio of safety stocks can provide defensive appeal, growth and a healthy…

Read more »

An investor uses a tablet
Dividend Stocks

This Monthly Dividend Titan Paying 6.9% Looks Unbelievably Secure

| Jitendra Parashar

This dependable energy stock delivers a generous monthly payout you can actually count on.

Read more »

A red umbrella stands higher than a crowd of black umbrellas.
Dividend Stocks

If I Could Only Buy and Hold a Single Insurance Stock, This Would Be It

| Karen Thomas, MSc, CFA

Intact Financial's history of strong returns sets it up well to continue to be a consolidator, making it a top…

Read more »

Dividend Stocks

Why 2025 Demands That You Diversify Your Portfolio

| Demetris Afxentiou

Looking to diversify your portfolio? Here's a handful of picks to consider this year that can offer huge upside, if…

Read more »

Lights glow in a cityscape at night.
Dividend Stocks

1 Magnificent Utility Dividend Stock Down 23% to Buy and Hold Forever

| Puja Tayal

At a time when energy utility stocks are trading near their high, this utility stock is down 23%. Is this…

Read more »

money while you sleep
Dividend Stocks

2 of the Most Defensive Canadian Stocks to Buy Right Now

| Chris MacDonald

Investors can sleep well at night by holding onto defensive stocks throughout the market turmoil.

Read more »

shopper buys items in bulk
Dividend Stocks

3 Everyday Stocks for Any Portfolio (Including Yours)

| Demetris Afxentiou

Everyday stocks are great investments we interact with on a daily basis. Here's a trio to consider that offer growth…

Read more »

man touches brain to show a good idea
Dividend Stocks

The Smartest Financial Services Stock to Buy With $8,300 Right Now

| Amy Legate-Wolfe

This finance stock remains one of the top choices for investors, especially with long-term dividend income on deck.

Read more »

Dividend Stocks

The Smartest Monthly Income Stock to Buy With $7,000 Right Now

| Andrew Button

If you're looking for monthly income, Killam Apartment REIT (TSX:KMP.UN) is a pick worth considering.

Read more »

Dividend Stocks

I’d Put $7,000 in This Discounted Monthly Dividend Payer for Lifetime Income

| Andrew Button

BMO Monthly Income ETF (TSX:ZMI) provides consistent monthly dividend income.

Read more »

grow money, wealth build
Dividend Stocks

How I’d Turn $7,000 Into $1,400 Annual Passive Income

| Andrew Button

You can get considerable dividend income from BMO Canadian Dividend ETF (TSX:ZDV).

Read more »

A meter measures energy use.
Dividend Stocks

I’d Invest $7,000 in This Unshakeable Dividend Payer Today

| Jitendra Parashar

Backed by reliable earnings and a rising dividend, this utility stock makes a compelling case for long-term investors.

Read more »

Paper Canadian currency of various denominations
Dividend Stocks

TFSA Passive Income: 2 TSX Dividend Stocks With 6% Yields

| Andrew Walker

These top TSX dividend stock now offer great yields.

Read more »

A close up color image of a small green plant sprouting out of a pile of Canadian dollar coins "loonies."
Dividend Stocks

Forget Growth vs Income: These Stocks Have Both

| Demetris Afxentiou

Why try to answer the question of growth vs income when you can attain both from the same stock? Here…

Read more »

dividends can compound over time
Dividend Stocks

This Underappreciated Stock Yielding 6% Is a Hidden Gem

| Demetris Afxentiou

This underappreciated stock boasts insane growth appeal, a 6% yield and three decades dividend increases. Have you bought this gem…

Read more »

protect, safe, trust
Dividend Stocks

How I’d Bulletproof My Portfolio With a $7,000 Defensive Investment

| Jitendra Parashar

With markets running hot, but macroeconomic risks still looming, this top defensive stock to buy now could bring the stability…

Read more »

Dividend Stocks

If I Could Only Buy and Hold a Single REIT, This Would Be it

| Demetris Afxentiou

This one and only single REIT that your portfolio needs can be a game changer for long-term income-seekers, and it…

Read more »