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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:

More information about dividend stocks in Canada:

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!

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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.

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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…

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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.

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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…

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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…

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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…

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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…

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Recent Dividend Stocks News

Dividend Stocks

Turn $3,000 Into $15,000 With This Utility Stock

| Ryan Vanzo

Utility stocks are a proven way to build consistent wealth. Algonquin Power & Utilities Corp (TSX:AQN)(NYSE:AQN) should top your buy…

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Bank Stocks

Will the Big 3 TSX Bank Stocks Cut Their Dividends?

| Kay Ng

Should you avoid the TSX bank stocks such as TD (TSX:TD)(NYSE:TD) stock like a plague or load them up like…

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Dividend Stocks

Yawn All the Way to The Bank With These 3 Dividend Stalwarts

| Nelson Smith

Boring dividend stalwarts like Fortis Inc. (TSX:FTS)(NYSE:FTS) and Empire Company (TSX:EMP.A) have quietly delivered some pretty exciting returns.

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Dividend Stocks

RRSP Investors: Should You Buy Nutrien (TSX:NTR) or TC Energy (TSX:TRP) Stock?

| Andrew Walker

Nutrien (TSX:NTR) (NYSE:NTR) and TC Energy (TSX:TRP) (NYSE:NTR) appear cheap today. Is one stock a better buy?

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Dividend Stocks

Dividend Investing: 2 TSX Giants to Buy

| Jared Seguin

With some TSX stocks still trading for cheap, outsized yields can be had today. Find out which two TSX telecom…

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Dividend Stocks

3 High-Yield Stocks Yielding Over 6.5%

| Karen Thomas, MSc, CFA

High-yield dividend stocks like Enbridge, Altagas, and Canadian Natural Resources are all solid income producers.

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Dividend Stocks

Canada Oil News: Saudi Bets on TSX Energy Stocks

| Debra Ray

Saudi Arabia's sovereign wealth fund purchased shares in two TSX oil stocks, including Canadian Natural Resources Ltd (TSX:CNQ)(NYSE:CNQ).

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Dividend Stocks

How to Earn Tax-Free 7.5% Dividends Forever

| Ryan Vanzo

Enbridge Inc (TSX:ENB)(NYSE:ENB) is one of the most reliable dividend stocks on the market. There's a way you can get…

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Dividend Stocks

Here’s My Top Stock to Buy in June

| Andrew Button

Posting a big earnings jump after the market crash, the Canadian National Railway (TSX:CNR)(NYSE:CNI) looks like a buy.

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Dividend Stocks

After CRA CERB: How to Make Your Passive Income Permanent

| Ambrose O'Callaghan

Many Canadians will see the CRA CERB payment run out this summer, but they can turn around and collect permanent…

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Dividend Stocks

Canada Revenue Agency: Are You Eligible for the $500/Week CERB Payment?

| Aditya Raghunath

The CERB is a government benefit that aims to help Canadians through the ongoing uncertainty.

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Dividend Stocks

Unpopular Opinion: TD (TSX:TD) Did Surprisingly Well in Q2

| Andrew Button

Despite a 50% decline in its profit, the Toronto-Dominion Bank (TSX:TD)(NYSE:TD) did surprisingly well in Q2.

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Dividend Stocks

TFSA Dividend Investors: Should You Buy BCE (TSX:BCE) or BMO (TSX:BMO) Stock?

| Andrew Walker

BCE (TSX:BCE) and Bank of Montreal (TSX:BMO) offer dividend yields near 6%. Is one a better buy today?

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Dividend Stocks

TSX Index: 3 Cheap Stocks to Buy Now

| Mat Litalien, MBA

The TSX Index is rebounding, but there are several stocks such as Manulife Financial (TSX:MFC)(USA) that still offer investors excellent…

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Bank Stocks

Should You Buy Canadian Bank Stocks for Dividends?

| Kris Knutson

Investing in Canadian banks was a great strategy for decades. A small bank has cut its dividend, so will a…

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Dividend Stocks

How to Max Your TFSA Limit With TSX Stocks

| Victoria Hetherington

Here’s how dividend stocks like Fortis Inc. (TSX:FTS)(NYSE:FTS) can help balance a Tax-Free Savings Account built around shorter-term capital gains.

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Dividend Stocks

Did Warren Buffett Make a Massive Mistake Selling His Airline Stocks?

| Adam Othman

Air Canada could be a fantastic buy if Warren Buffett's approach to airline stocks is wrong.

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Dividend Stocks

How I’d Spend $5,000 on the TSX Today

| Ambrose O'Callaghan

TSX investors with cash to spend should beware of struggling stocks like AutoCanada Inc. (TSX:ACQ), instead turning their attention to…

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Dividend Stocks

2 Beaten-Down TSX Stocks to Buy and Hold for Decades

| Sneha Nahata

Investing in these beaten-down TSX stocks could fetch you stellar long-term gains.

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Dividend Stocks

2 Unreasonably Battered Stocks Just Became Too Cheap to Ignore

| Christopher Liew, CFA

The Fiera Capital stock and Pizza Pizza Royalty stock are enticing investment options in the pandemic. Aside from trading at…

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Dividend Stocks

Canada Revenue Agency: 2 Significant Tax Breaks You Can’t Miss in 2020

| Adam Othman

Invest in the Telus stock and learn how to take advantage of these two tax breaks ahead of the June…

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Dividend Stocks

3 Top TSX Stocks to Buy in June

| Robin Brown

Check out these top three TSX stocks in June. Each in their own regard present value, momentum, and income. They…

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Dividend Stocks

Revealed: Why This Fund Manager Just Loaded Up on This Unloved Sector

| Nelson Smith

Noted real estate investor Sandpiper Group just made a big investment in Extendicare Inc. (TSX:EXE). Does this mean this unloved…

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Dividend Stocks

Better Than CRA’s CERB: How to Generate $2,000 in Monthly Income With Your TFSA Capital

| Joey Frenette

BMO High Dividend Covered Call Canadian Equity ETF (TSX:ZWC) is a super-high-yielder to hold in your TFSA for monthly income…

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Canada Revenue Agency: 33% of Canadians Are Making This TFSA Mistake

| Adam Othman

TFSA is a powerful tool that Canadians can use to grow their wealth tax-free. It can help you build a…

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Canadian Dollar Rally: 2 TSX Stocks That’ll Benefit From a Stronger Loonie

| Joey Frenette

Dollarama Inc. (TSX:DOL) and another stock to buy if you're looking to play a higher Canadian dollar as the economy…

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How to Make Sure the CRA Doesn’t Take Back Your $2,000 CERB

| Adam Othman

Fortis and Pembina Pipeline stock can be exceptional additions to your portfolio as you learn how to make sure you…

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3 Top Canadian Bank Stocks to Buy in June

| Victoria Hetherington

Big Five banks like Scotiabank (TSX:BNS)(NYSE:BNS) had a mixed end to May. Here’s why that makes them a stronger buy…

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1 Top Stock to Buy for a TFSA in June

| Victoria Hetherington

Manulife Financial Corp. (TSX:MFC)(NYSE:MFC) offers a strong mix of value and passive income in one wide-moat stock worthy of a…

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Dividend Stocks

Stop Making This Common Dividend Mistake

| Jed Lloren

Why choosing Canadian National Railway (TSX:CNR)(NYSE:CNI) and Fortis (TSX:FTS)(NYSE:FTS) can boost your dividend returns.

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close-up photo of investor Warren Buffett
Stocks for Beginners

Warren Buffett Isn’t Buying Many Stocks: Should You?

| Kris Knutson

The stock market is a confusing place. Even during the crash, Warren Buffett did not buy stocks. With companies like…

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Dividend Stocks

Canada Revenue Agency: Key COVID-19 Benefits for Individuals

| Vineet Kulkarni

The Canada Revenue Agency has declared several measures to support Canadians through the harsh times of the COVID-19. Here's a…

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ALERT: Canadian Bank Dividend Cut! Will Other Canadian Bank Stocks Follow?

| Kay Ng

Never feel complacent about your investments. Even banks can cut their dividends so always periodically review and improve your stock…

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Dividend Stocks

Boost Both Your OAS and CPP Pension in 1 Fell Swoop

| Christopher Liew, CFA

The wise move for healthy would-be retirees is to delay the OAS and CPP. If you have other income sources…

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Dividend Stocks

TFSA 101: These 2 Dirt-Cheap Financial Stocks Are Begging to Be Bought!

| Joey Frenette

Contrarian dividend investors should buy Bank of Montreal (TSX:BMO)(NYSE:BMO) and another dirt-cheap financial stock for their TFSAs.

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Dividend Stocks

A Dividend-Growth Stock for Big Monthly TFSA Income

| Joey Frenette

Shaw Communications Inc. (TSX:SJR.B)(NYSE:SJR) is one of many dividend-growth stocks that TFSA investors should seek to own in a recession.

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Dividend Stocks

Maple Leaf Foods (TSX:MFI): Buy it and Hold for Decades

| Sneha Nahata

Are you a patient investor? Consider buying Maple Leaf Foods for stellar long-term gains.

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Dividend Stocks

Canada Revenue Agency: 3 Ways to Pay ZERO Taxes in Retirement

| Nelson Smith

A few simple strategies and an emphasis on your TFSA can help any Canadian investor pay zero taxes in retirement.…

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Dividend Stocks

Forget CERB: A TFSA Could Pay $500 More … Tax-Free!

| Andrew Button

While CERB pays only $2,000 temporarily, you can earn up to $2,500 a year forever with stocks like Fortis Inc…

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Dividend Stocks

Market Crash 2020: Already Over or Just Starting?

| Adam Othman

Waste Connections could be a safe stock to buy in case another market crash happens in 2020.

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