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

growing plant shoots on stacked coins
Dividend Stocks

5 Dividend Stocks to Buy With Yields Upwards of 5%

| Daniel Da Costa

These five companies all earn tonnes of cash flow, making them some of the best long-term dividend stocks you can…

Read more »

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 »

Recent Dividend Stocks News

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

3 Cheap Stocks That Pay Dividends — What More Do You Need?

| Andrew Button

This year, I'm earning passive income from stocks like Toronto-Dominion Bank (TSX:TD) and Apple (NASDAQ:AAPL).

Read more »

Canadian Dollars
Dividend Stocks

Have $5,000 to Invest? Here’s Where I’d Put it Right Now

| Amy Legate-Wolfe

These stocks don't just have value, but are a defensive option during a potential recession, which is why I would…

Read more »

A meter measures energy use.
Dividend Stocks

What’s Next for Algonquin Power Stock as it Falls to New Lows?

| Vineet Kulkarni

Forget Algonquin Power. Canadian investors have a plenty of other safe options of dividend stocks.

Read more »

data analyze research
Dividend Stocks

TFSA Investors: 2 Unstoppable Dividend Stocks I’ll Buy Over and Over

| Amy Legate-Wolfe

Not only are these dividend stocks a great buy for passive income, but they're each a steal in terms of…

Read more »

Increasing yield
Dividend Stocks

2 High-Yield Dividend Stocks You Could Hold for Years

| Nicholas Dobroruka

Now could be a wise time to think about building a stream of passive income. Here are two top dividend…

Read more »

Young woman sat at laptop by a window
Dividend Stocks

Beginner Investors: 4 Top Canadian Dividend Stocks for 2023

| Robin Brown

New to investing and want to start earning passive income in 2023? Here's a four-stock starter portfolio to buy and…

Read more »

woman data analyze
Dividend Stocks

Want $100 in Monthly Dividend Income? Invest $6,154 in These 3 Stocks

| Aditya Raghunath

Monthly dividend stocks on the TSX, such as Keyera, provide investors the opportunity to create a passive-income stream.

Read more »

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

2 Canadian Consumer Stocks to Own, Especially if There’s a Recession

| Christopher Liew, CFA

Investors can seek safety first and own two Canadian consumer stocks, especially during a recession.

Read more »

TFSA and coins
Dividend Stocks

2 Steady-as-She-Goes Stocks Everyone Needs in Their TFSA

| Kay Ng

Do you want to be a passive investor and grow your wealth for the long haul? These are the types…

Read more »

Canadian Dollars
Dividend Stocks

Want $1,375 Per Quarter in Passive Income? 3 TSX Stocks That Do the Job

| Aditya Raghunath

Top TSX dividend stocks such as Bank of Nova Scotia can help investors create a recurring stream of dividend income…

Read more »

Airport and plane
Dividend Stocks

2 Travel-Trend Stocks Ready to Be Set in Motion

| Adam Othman

Identifying the right stocks at the peak of a bear market and buying them just ahead of a long-term bullish…

Read more »

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

3 Rising Growth Stocks I’d Still Buy Before 2023

| Amy Legate-Wolfe

These growth stocks have climbed double digits in the last few months -- way more than we can say for…

Read more »

Profit dial turned up to maximum
Dividend Stocks

This TSX Stock Is Super Cheap and Pays a Monster Dividend 

| Puja Tayal

The stock market pulled some dividend stocks closer to their 52-week lows. Now is a good time to lock in…

Read more »

money cash dividends
Dividend Stocks

For Income of $500 a Year, Invest $4,869 in This Dividend Stock Today

| Amy Legate-Wolfe

This dividend stock yields a whopping 10.11% as of writing, and it would only take under $5K to create $500…

Read more »

Payday ringed on a calendar
Dividend Stocks

Get Passive Income of $450/Month With This TSX Stock

| Jitendra Parashar

Here’s how this TSX dividend stock could help you earn $450 in monthly passive income in Canada.

Read more »

sale discount best price
Dividend Stocks

3 Dividend Stocks to Buy on Sale

| Nicholas Dobroruka

Are you looking to fight inflation? Here are three high-yielding dividend stocks that you can buy at a discount right…

Read more »

edit Women wearing red sweater shopping online and using credit card at home office
Dividend Stocks

3 Tricks to Paying Off That Holiday Credit Card

| Amy Legate-Wolfe

These tricks can help you not just get your credit card paid off now, but provide you with income to…

Read more »

Financial technology concept.
Dividend Stocks

My Favourite Investing Ideas on the TSX Today 

| Puja Tayal

Today’s TSX is an opportune time for investing ideas to flourish. Buy the dip, sell the rally is the universal…

Read more »

Dividend Stocks

How to Create $333 in Passive Income Every Month

| Amy Legate-Wolfe

Depending on how much time and money you have to invest, NorthWest stock could create immense wealth for investors today,…

Read more »

A close up image of Canadian $20 Dollar bills
Dividend Stocks

How to Generate $500 in Passive Income Each Month

| Kay Ng

If you have a long-term investment horizon, you can park your money in these three dividend stocks for nice passive…

Read more »

Senior couple at the lake having a picnic
Dividend Stocks

TFSA: How to Make $1,500 in Easy Passive Income in 2023

| Robin Brown

If you want to earn $1,500 in tax-free passive income in 2023, here's an easy portfolio of top Canadian stocks…

Read more »

A lake in the shape of a solar, wind and energy storage system in the middle of a lush forest as a metaphor for the concept of clean and organic renewable energy.
Dividend Stocks

1 Oversold Dividend Stock (Yielding 8.5%) to Buy Before the New Year

| Amy Legate-Wolfe

This oversold dividend stock doesn't deserve the share price it has today, which is why now is the best time…

Read more »

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

The Thing Investors Routinely Forget About Passive-Income Stocks

| Amy Legate-Wolfe

Passive income from dividends is great, but investors continue to forget about this one thing that can demonstrate wealth far…

Read more »

grow dividends
Dividend Stocks

2 High-Yield Dividend Stocks That Could Realistically Double In 5 Years

| Adam Othman

Buying a decent growth stock when it's discounted can be especially rewarding if it also pays dividends – and a…

Read more »

money cash dividends
Dividend Stocks

Need Passive Income? Turn $5,000 Into $32 Every Single Month

| Amy Legate-Wolfe

If you want just a bit of extra cash each month, you can start right now with $32 from this…

Read more »

edit Real Estate Investment Trust REIT on double exsposure business background.
Dividend Stocks

Want $200 in Monthly Passive Income? Buy 3,429 Shares of This TSX Stock

| Jitendra Parashar

Here’s one of the best TSX dividend stocks to buy and easily earn $200 in monthly passive income for years.

Read more »

grow money, wealth build
Dividend Stocks

3 Buy-and-Hold Dividend Stocks With Enormous Long-term Potential

| Karen Thomas, MSc, CFA

Dividend stocks like Nutrien are good long-term holdings, as they benefit from strong secular growth trends.

Read more »

Various Canadian dollars in gray pants pocket
Dividend Stocks

Should You Buy Enbridge Stock or Royal Bank Stock for Passive Income and Total Returns?

| Andrew Walker

Enbridge and Royal Bank are leaders in their respective industries. Is one a better bet today?

Read more »

falling red arrow and lifting
Dividend Stocks

2 of the Best Dividend Stocks to Buy Before They Recover

| Amy Legate-Wolfe

Don't give up on these dividend stocks that are set up for massive gains in the future while still providing…

Read more »

protect, safe, trust
Dividend Stocks

How to Invest $5000 in 2023 for Safe Passive Income

| Robin Brown

Got $5,000 to invest in 2023? Here are some ideas on how to build an investment portfolio that generates tonnes…

Read more »

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

Retirees: 3 Reliable Canadian Dividend Stocks to Buy Now for Passive Income

| Andrew Walker

Top TSX dividends stocks are now on sale for retirees seeking quality passive income.

Read more »

A plant grows from coins.
Dividend Stocks

How to Create $500 in Monthly Passive Income by 2030

| Amy Legate-Wolfe

These two dividend stocks pay out monthly income, and you could certainly achieve $500 per month by investing in them…

Read more »

Payday ringed on a calendar
Dividend Stocks

Looking for Monthly Passive Income? These 2 REITs Are for You

| Kay Ng

Canadian REITs had a substantial selloff from rising interest rates this year. If you need current income, you can explore…

Read more »

Various Canadian dollars in gray pants pocket
Dividend Stocks

Passive Income: 2 Top TSX Dividend Stocks to Buy for 2023

| Andrew Walker

Top TSX dividend stocks now appear oversold for portfolios targeting passive income.

Read more »

Woman has an idea
Dividend Stocks

2 No-Brainer Stocks to Buy Right Now for Less Than $30

| Christopher Liew, CFA

Two dividend stocks with solid business fundamentals are no-brainer buys at their current share prices.

Read more »

Dividend Stocks

TFSA: Invest $1,000 and Get $7,200/Year in Passive Income 

| Puja Tayal

You can earn the passive income you desire by doing a reverse calculation. What you need is regularly investing for…

Read more »

protect, safe, trust
Dividend Stocks

2 Safe Dividend Stocks to Beat Inflation

| Kay Ng

Looking for safe and defensive stocks to beat inflation? Dig deeper into this bank stock and telecom stock now!

Read more »

data analytics, chart and graph icons with female hands typing on laptop in background
Dividend Stocks

3 TSX Stocks to Buy Today and Hold Forever

| Andrew Walker

Top TSX dividend stocks now appear oversold.

Read more »

A close up image of Canadian $20 Dollar bills
Dividend Stocks

Income Investors: 3 Cheap Dividend Stocks With 7.8% Yields

| Christopher Liew, CFA

Three cheap dividend stocks with yields of nearly 8% are attractive options for income investors looking for moneymakers in 2023.

Read more »

data analyze research
Dividend Stocks

2 Ultra-Safe Passive-Income Stocks to Buy Right Now

| Kay Ng

If the GIC income of about 5% doesn't satisfy you, you can consider parking long-term capital in ENB and BNS…

Read more »