Motley Fool Premium
  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:

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.

Recent Dividend Stocks News

Dividend Stocks

Enbridge (TSX:ENB) Stock Alert: Time to Buy the 7% Dividend?

| Ryan Vanzo

Enbridge Inc (TSX:ENB)(NYSE:ENB) stock now offers a 7.2% dividend. That's a compelling yield, but make sure you know what you're…

Read more »

Dividend Stocks

Is Energy Stock Suncor (TSX:SU) a Buy?

| Daniel Da Costa

Although the Canadian energy industry is being materially impacted by the current environment, does an attractive share price make Suncor…

Read more »

Dividend Stocks

Why the Canada Revenue Agency Might Ask You for Those CERB Payments Back

| David Jagielski

CERB payments can boost your income today, but dividend income from Bank of Montreal (TSX:BMO)(NYSE:BMO) can give you recurring income over…

Read more »

Dividend Stocks

Retire Early From the 2020 Market Crash

| Kay Ng

It doesn’t matter which stage you are in your life. You can retire early from this market crash with the…

Read more »

Dividend Stocks

Warren Buffett Silence Broken: Here’s What He Said

| Adam Othman

Warren Buffett finally broke his silence in the annual Berkshire Hathaway meeting, and shared some of his views on the…

Read more »

Dividend Stocks

Stock Market Rally: 3 Stocks Looking Bullish Right Now!

| Andrew Button

Stocks like Cargojet Inc (TSX:CJT) are looking bullish after Q1 earnings.

Read more »

Dividend Stocks

2 Stocks to Generate a Monthly Income Stream

| Demetris Afxentiou

Looking to diversify and add a monthly income stream to your portfolio? These two stocks can offer that and so…

Read more »

Dividend Stocks

Don’t Miss Out on This 8% Dividend Stock

| Amy Legate-Wolfe

If you're looking for extra cash and huge growth opportunities, seriously consider Pembina Pipeline Corp. (TSX:PPL)(NYSE:PBA) as your next dividend…

Read more »

Dividend Stocks

Why Inter Pipeline (TSX:IPL) Stock Rallied Yesterday

| Karen Thomas, MSc, CFA

Inter Pipeline (TSX:IPL) stock is a value stock that is currently yielding 4.4%, with good upside from its Heartland project.

Read more »

Dividend Stocks

Retirees: Can You Retire on Just CPP and OAS Payments?

| Aditya Raghunath

Investing in high-quality dividend stocks is an easy way to generate recurring income and supplement retirement payouts.

Read more »

Dividend Stocks

Are You a Market Pessimist? 3 ETF Options for Your Cash

| Kris Knutson

If you are a cash-rich market pessimist waiting for opportunities, you need to store your cash somewhere. ETFs like Purpose…

Read more »

Dividend Stocks

Why the Stock Market Rally Won’t Last

| Daniel Da Costa

The market rally could end soon as we'll likely see another pullback. However, this one TSX industry is still worth…

Read more »

Dividend Stocks

TFSA Investors: 2 Healthcare Stocks to Buy in May

| Ambrose O'Callaghan

It has been a wild 2020, but TFSA investors should target exciting healthcare stocks like Knight Therapeutics Inc. (TSX:GUD) to…

Read more »

Dividend Stocks

This 15% Dividend Stock Can Double Your Money

| Kay Ng

Buy this top TSX dividend stock now! Get a nice dividend income while you wait for the undervalued stock to…

Read more »

Dividend Stocks

2 Top TSX Stocks for Ethical Upside

| Victoria Hetherington

Restaurant Brands International Inc. (TSX:QSR)(NYSE:QSR) and one other Canadian stock could reward ethical investors for years to come.

Read more »

Dividend Stocks

If You’ve Got $5,000, Buy These 3 TSX Stocks Right Now

| Adam Othman

The stock market is still recovering, with many amazing stocks trading below their fair valuation. This is an opportunity for…

Read more »

Dividend Stocks

Hooray! Pay Your Taxes Later With This 2020 CRA Emergency Change

| Christopher Liew, CFA

The tax date changes by the CRA give Canadian taxpayers an ample grace period to fulfill their obligations in the…

Read more »

Dividend Stocks

Canadian Tire (TSX:CTC.A): Should You Buy After Q1 Earnings?

| Joey Frenette

Canadian Tire Corp. (TSX:CTC.A) had a rough first quarter, but the worst may be on the horizon as Canada looks…

Read more »

Dividend Stocks

Stop Hoarding Toilet Paper: Buy These 2 Toilet Paper Stocks Instead

| Joey Frenette

Cascades Inc. (TSX:CAS) and another toilet paper stock that investors should buy if they seek stable dividends through this pandemic.

Read more »

Dividend Stocks

3 Top Dividend Stocks Yielding As High As 9.6%!

| Brian Pacampara, CFA

This group of dividend-growth streakers, including Telus (TSX:T)(NYSE:TU), can help give your portfolio a much-needed raise.

Read more »

Dividend Stocks

Market Crash 2020: Brace Yourself: The Worst Is Yet to Come

| Adam Othman

Should you be optimistic about the market's recovery, or brace for another crash? There are a few reasons why you…

Read more »

Dividend Stocks

Canada Revenue Agency: How to Generate $418 in Extra Monthly Pension Income and Avoid OAS Clawbacks

| Aditya Raghunath

Here's how retirees can supplement their pension payments with a recurring stream of dividend cash flows.

Read more »

Dividend Stocks

Suncor (TSX:SU) Stands Strong as Oil Begins its Recovery

| Adam Othman

As the oil prices recover, Suncor could be in an excellent position for investors to consider adding to their portfolios.

Read more »

Dividend Stocks

Why Your 7.3% Yield Is Secure With This TSX Stock

| Sneha Nahata

Want secure long-term income? Buy this TSX stock now.

Read more »

Dividend Stocks

Enbridge (TSX:ENB): Should You Buy This High-Yield Stock Now?

| Andrew Walker

Enbridge (TSX:ENB)(NYSE:ENB) just reported Q1 2020 results that came in better than analyst expectations. Is this the best time to…

Read more »

Energy Stocks

Value Investors: 2 Pipeline Stocks That Are Worth the Risk

| Kris Knutson

Pipelines have been stable dividend-paying stocks for years, but that status has changed. Companies like Pembina Pipeline Corp. (TSX:PPL)(NYSE:PBA) are…

Read more »

Dividend Stocks

Canada Revenue Agency 2020: 1 Big Reason to File Early

| Ambrose O'Callaghan

The new tax deadline is fast approaching, but filers should look to pull the trigger early with the Canada Revenue…

Read more »

Dividend Stocks

Can This 15% Dividend Stock Double Your Money From Here?

| Aditya Raghunath

Today, you can buy a best-in-class TSX dividend stock that is yielding close to 15%. But is this dividend safe?

Read more »

Dividend Stocks

The Worst Mistake TFSA Investors Can Make Right Now

| Haris Anwar

Here is how a TFSA investor can avoid making a classic mistake when there is doom and gloom everywhere.

Read more »

Dividend Stocks

Retirees: Do THIS to Recession-Proof Your RRSP!

| Andrew Button

If you're looking to recession-proof your portfolio, consider utility stocks like Fortis Inc (TSX:FTS)(NYSE:FTS).

Read more »

Dividend Stocks

Sell in May and Go Away? Don’t.

| Mat Litalien, MBA

The sell in May strategy is based on false assumptions. Likewise, selling when most stocks have still trading near year…

Read more »

Dividend Stocks

This TSX Stock Is Vulnerable to the COVID-19 Pandemic

| Aditya Raghunath

While Finning International has lost considerable momentum in 2020, it remains vulnerable to the current uncertain environment.

Read more »

Dividend Stocks

Income Investors: 7% Dividend Yields That Are Actually Safe

| Joey Frenette

Enbridge (TSX:ENB)(NYSE:ENB) and Canadian Imperial Bank of Commerce (TSX:CM)(NYSE:CM) sport dividend yields that aren't too good to be true for…

Read more »

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 »

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 »

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 »

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 »

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 »

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 »