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

Silver coins fall into a piggy bank.
Dividend Stocks

3 Dividend Stocks to Build Wealth in the New Year

| Amy Legate-Wolfe

These dividend stocks have proven they're set up for a strong future and have dividends you'll want to lock up…

Read more »

protect, safe, trust
Dividend Stocks

Retirees: These Dividend Stocks Come With Recession Protection

| Amy Legate-Wolfe

Retirees may be freaking out right now, but don't! Consider these high yielding dividend stocks for passive income while the…

Read more »

Dad and son having fun outdoor. Healthy living concept
Dividend Stocks

Parents: Max Out Your RESP Before the Dec. 31 Deadline!

| Amy Legate-Wolfe

Parents, make sure you're maxing out the RESP to get in on a government grant! Now is the time to…

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 »

Target. Stand out from the crowd
Dividend Stocks

Here’s the Next TSX Stock I’m Going to Buy

| Aditya Raghunath

Innergex is a TSX stock that is growing its revenue and earnings at an enviable pace. It also pays investors…

Read more »

A worker uses a laptop inside a restaurant.
Dividend Stocks

Got $500? 2 Stocks to Buy and Hold for at Least 5 Years

| Rajiv Nanjapla

Given their multi-year growth potential and attractive valuations, I am bullish on these two TSX stocks.

Read more »

A bull and bear face off.
Dividend Stocks

5 Dividend Stocks With Reliable Income in a Bearish Market

| Ambrose O'Callaghan

Canadian investors sweating out a potential bear market may want to target dividend stocks like Capital Power Corp. (TSX:CPX) and…

Read more »

A family watches tv using Roku at home.
Dividend Stocks

2 Streaming Stocks to Buy and 1 to Avoid Like the Plague

| Christopher Liew, CFA

Two streaming stocks are good investment options, although the cheaper, high-yield Canadian dividend stock is a better buy than its…

Read more »

analyze data
Dividend Stocks

Telus Stock Rose 1% in November: Is it a Buy Today?

| Daniel Da Costa

After a mostly flat November, is Telus one of the best stocks to buy in December, as we head into…

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 »

Dividend Stocks

2 of the Best Stocks to Buy for Fast-Growing Passive Income 

| Puja Tayal

In this economy, you need a passive income that grows fast enough to beat inflation in any situation. These two…

Read more »

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

2 Top TSX Stocks to Buy Now for Passive Income

| Andrew Walker

These top TSX stocks are industry leaders and have good track records of dividend growth.

Read more »

clock time
Dividend Stocks

2 Dividend Stocks to Set and Forget

| Amy Legate-Wolfe

I guarantee you haven't considered these dividend stocks as ones you can set and forget for decades, for a massive…

Read more »

Target. Stand out from the crowd
Dividend Stocks

1 Oversold Dividend Stock (With a 10% Yield) I’d Buy This December

| Aditya Raghunath

Fiera Capital is a quality TSX stock that pays investors a handsome dividend yield. Here's why this TSX dividend stock…

Read more »

data analyze research
Dividend Stocks

3 Unstoppable Canadian Dividend Stocks to Buy Before 2023

| Robin Brown

These three dividend stocks have soundly beaten the TSX in 2022. Here's why they could continue to outperform in 2023.

Read more »

Golden crown on a red velvet background
Dividend Stocks

3 Underrated Dividend Stocks That Are Aristocrats in the Making

| Amy Legate-Wolfe

These three dividend stocks may not be Dividend Aristocrats yet, but it is highly likely they will be given their…

Read more »

stock research, analyze data
Dividend Stocks

Opinion: The Top Stock in the TSX Right Now

| Chris MacDonald

Here's why Restaurant Brands (TSX:QSR) could be the top stock on the TSX worth buying for its total returns over…

Read more »

Canadian Dollars
Dividend Stocks

How I’d invest $1,000 in December to Make Easy Passive Income

| Tony Dong

These BMO covered call ETFs are great for generating passive income.

Read more »

golden sunset in crude oil refinery with pipeline system
Dividend Stocks

Advisor Commentary: Should You Buy Algonquin Power Stock? [PREMIUM]

| Iain Butler

Declines of this magnitude aren’t generally found in utility-land, and it behooves us to have a peek.

Read more »

TFSA and coins
Dividend Stocks

TFSA: 3 Buy-and-Hold Dividend Stocks With Massive Long-Term Potential

| Amy Legate-Wolfe

These dividend stocks could more than double your TFSA, all from reinvesting solid passive income for years to come.

Read more »

Dollar symbol and Canadian flag on keyboard
Dividend Stocks

These 4 Canadian Dividend Stocks Are a Retiree’s Best Friend

| Amy Legate-Wolfe

Dividend stocks are a retiree's best friend. But what about during a recession? Buy these four dividend stocks for solid…

Read more »

top TSX stocks to buy
Dividend Stocks

3 High-Yield Dividend Stocks to Earn a Truckload of Passive Income in 2023

| Aditya Raghunath

High-yield dividend stocks such as Keyera and Fiera Capital are well poised to deliver consistent returns to shareholders in 2023.

Read more »

Senior Couple Walking With Pet Bulldog In Countryside
Dividend Stocks

Retirees: Supplement CPP With 3 Stocks That Pay You Every Month

| Aditya Raghunath

Equity investors can supplement CPP payouts by creating a portfolio of monthly paying dividend stocks such as Savaria.

Read more »

Profit dial turned up to maximum
Dividend Stocks

Beat the Market With 2 Growing Companies

| Aditya Raghunath

Dividend-paying TSX stocks such as Restaurant Brands International and Brookfield Asset Management are top long-term bets.

Read more »

Electricity high voltage pole and sky
Dividend Stocks

Should You Buy Algonquin Stock Now or Wait?

| Robin Brown

Algonquin Power stock has a massive 9.8% dividend yield today! Is now the time to buy or should income investors…

Read more »

A meter measures energy use.
Dividend Stocks

TFSA Investors: 3 Safe Utility Stocks to Buy and Hold for Decades

| Robin Brown

Here are three top utilities to spend some fresh TFSA cash on in the new year.

Read more »

money cash dividends
Dividend Stocks

TFSA Investors: An Easy Way to Boost Your Payouts to $350 Per Month

| Daniel Da Costa

Because of the tax-free nature of the TFSA, investors have several advantages, especially when buying high-quality dividend stocks.

Read more »

STACKED COINS DEPICTING MONEY GROWTH
Dividend Stocks

TFSA Passive Income: Earn $126/Month Tax Free for Decades

| Sneha Nahata

Do you seek passive income? Leverage your TFSA to earn a solid tax-free passive income through these stocks.

Read more »

lab worker inspects test tubes
Dividend Stocks

Warren Buffett’s Buying This Passive Income Stock

| Motley Fool Staff

Berkshire began buying this chemical company earlier this year and hasn't stopped.

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 »

Silver coins fall into a piggy bank.
Dividend Stocks

A TFSA Contribution Room of $88,000 and 1 Dividend Aristocrat Can Make You $172,330 Richer

| Christopher Liew, CFA

A high-yield Dividend Aristocrat in the energy sector is a suitable holding for Canadians with $88,000 available contribution rooms in…

Read more »

Dollar symbol and Canadian flag on keyboard
Dividend Stocks

2 Dividend Stocks to Buy Now Under $50

| Jitendra Parashar

Here are two of the best under-$50 dividend stocks you can buy in Canada right now.

Read more »

TELECOM TOWERS
Dividend Stocks

If I Could Only Buy 1 Stock Before 2023, This Would be it!

| Demetris Afxentiou

If you could buy 1 stock before 2023, what would it be? Here’s the stock I’m considering, and I think…

Read more »

Beautiful holiday decorated background with christmas gift boxes ,fir. christmas holiday concept
Dividend Stocks

3 Dividend Stocks to Help Offset Holiday Spending

| Amy Legate-Wolfe

The holidays are here, and so is the seasonal spending. Offset some of those costs by putting your investment cash…

Read more »

edit Businessman using calculator next to laptop
Dividend Stocks

The 3 Passive-Income Stocks I’m Buying Next and Never Selling

| Amy Legate-Wolfe

These passive-income stocks have a proven track record of growth and a solid sector that will guarantee income for decades.

Read more »

oil and gas pipeline
Dividend Stocks

Enbridge Stock Rose More Than 4.5% in November: Is it a Buy Today?

| Andrew Walker

Enbridge is having a good year. Are more gains on the way for the stock?

Read more »

worry concern
Dividend Stocks

3 Budget Mistakes Almost Everyone Makes

| Amy Legate-Wolfe

Leave these budget mistakes in 2022 and enter 2023 with more cash on hand and a better way of spending.

Read more »

Target. Stand out from the crowd
Dividend Stocks

Got $1,000? Buy These Up-and-Coming Stocks Before They Take Off

| Kay Ng

These growth stocks beat the long-term market returns and could continue delivering above-average growth in the coming years.

Read more »

Canadian Dollars
Dividend Stocks

Lazy Income: Earn $550 Per Month in 2023

| Demetris Afxentiou

Lazy income investors looking to establish or grow a monthly income stream should consider these options to bring in $555…

Read more »

Simple life style relaxation with Asian working business woman healthy lifestyle take it easy resting in comfort hotel or home living room having free time with peace of mind and self health balance
Dividend Stocks

Got $2,500? 2 Top Stocks That You Can Buy and Hold for a Lifetime

| Demetris Afxentiou

The market is full of opportunities, including these two stocks you can buy and hold forever.

Read more »