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 Person using calculator next to charts and graphs
Dividend Stocks

Got $500? Buy 2 Cheap (Under-$20) Dividend Stocks With +5% Yields

| Sneha Nahata

Grab these cheap TSX stocks now to earn reliable yields of more than 5% amid volatility.

Read more »

Woman has an idea
Dividend Stocks

2 Blue-Chip Stocks Every New Canadian Investor Should Own

| Aditya Raghunath

Canadian blue-chip stocks such as Toronto-Dominion Bank have the ability to deliver market-beating returns to investors in 2022 and beyond.

Read more »

Businessman holding tablet and showing a growing virtual hologram of statistics, graph and chart with arrow up on dark background. Stock market. Business growth, planning and strategy concept
Dividend Stocks

3 Canadian Dividend Stocks to Buy Hand Over Fist

| Daniel Da Costa

These three Canadian dividend stocks each offer a unique opportunity, making them some of the best investments to buy at…

Read more »

A person builds a rock tower on a beach.
Dividend Stocks

Retirement Wealth: 2 Oversold Canadian Stocks to Buy Now and Own for Decades

| Andrew Walker

These industry-leading dividend stocks look cheap right now and have increased their distributions annually for decades.

Read more »

Tired or stressed businessman sitting on the walkway in panic digital stock market financial background
Dividend Stocks

2 of the Safest TSX Stocks Right Now

| Puja Tayal

The stock market is heading towards a crash. Investors are seeking the safety of dividends, and these two stocks provide…

Read more »

Payday ringed on a calendar
Dividend Stocks

Want Monthly Passive Income? Try These TSX Dividend Payers

| Amy Legate-Wolfe

In need of extra cash? These dividend stocks offer passive income each month, and you can pick them up cheap…

Read more »

Various Canadian dollars in gray pants pocket
Dividend Stocks

Want Safe Passive Income? Here Are 2 TSX Dividend Aristocrats for New Investors

| Robin Brown

Need some safe passive income? TSX Dividend Aristocrats like Fortis (TSX:FTS) are ideal stocks for new investors to hold in…

Read more »

grow dividends
Dividend Stocks

2 Cheap TSX Dividend Stocks to Buy Now

| Andrew Walker

These top TSX dividend stocks now offer 6% yields.

Read more »

Piggy bank next to a financial report
Bank Stocks

Got $500? Create Passive Income of $500 in Just 33 Years

| Amy Legate-Wolfe

Only have a bit of cash to invest? By investing in the right stock, you could make $500 in annual…

Read more »

calculate and analyze stock
Dividend Stocks

2 Top TSX Dividend Stocks to Buy Now for a Self-Directed TFSA or RRSP

| Andrew Walker

Top TSX dividend stocks are now trading at attractive prices for TFSA and RRSP investors.

Read more »

Gas pipelines
Dividend Stocks

Top Crude Oil Stocks to Buy Amid the Recent Correction

| Vineet Kulkarni

The correction in TSX energy stocks seems overdone and they could soon bounce back. Here are two to consider that…

Read more »

Dividend Stocks

Property Investors: Re-Enter the Market Through 3 REITs for Durable Cash Flows

| Christopher Liew, CFA

Despite the unstable conditions today, property investors can re-enter the real estate market through REITs to receive recurring, durable cash…

Read more »

Hand arranging wood block stacking as step stair with arrow up.
Dividend Stocks

Bet on This Top Canadian Stock’s Post-Recession Recovery

| Joey Frenette

In murky market waters, TD Bank is a great long-term buy for its stable and growing dividend.

Read more »

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

Market Correction: 2 Top Dividend Stocks to Buy for TFSA Passive Income

| Andrew Walker

TFSA investors can buy top TSX dividend stocks at cheap prices today for portfolios targeting passive income.

Read more »

Growth from coins
Dividend Stocks

3 Canadian Dividend Stocks That Are Dirt Cheap Right Now

| Rajiv Nanjapla

These three Canadian dividend stocks look attractive with their above 6% yields and cheaper valuations.

Read more »

Money growing in soil , Business success concept.
Dividend Stocks

3 TSX Stocks That Could Make You a Millionaire

| Daniel Da Costa

These three TSX stocks each have outstanding potential while trading undervalued today, creating significant opportunities for investors.

Read more »

Retirees sip their morning coffee outside.
Dividend Stocks

TFSA Investors: 3 Dividend Stocks You Haven’t Bought Yet, But Should

| Amy Legate-Wolfe

I get it, these dividend stocks aren't doing so hot these days. But investors should buy now and think long…

Read more »

telehealth stocks
Dividend Stocks

Retirees: 2 Dividend Stocks (With +6% Yields) for Worry-Free Passive Income

| Sneha Nahata

These TSX stocks offer attractive yields and have solid dividend payment histories, implying retirees can easily rely on them.

Read more »

Target. Stand out from the crowd
Dividend Stocks

2 Canadian Dividend Stocks to Buy Amid a Market Correction for Years of Passive Income

| Jitendra Parashar

Here are two of the best Canadian dividend stocks long-term investors can buy right now to earn stable passive income…

Read more »

Caution, careful
Dividend Stocks

Top Investor-Favourite TSX Stocks to Avoid This Year

| Vineet Kulkarni

Here are two TSX stocks that could continue to underperform.

Read more »

Businessperson's Hand Putting Coin In Piggybank
Dividend Stocks

New Investors: How to Safely Make $150 in Monthly Passive Income

| Amy Legate-Wolfe

In this current market environment, we’re all craving safety and security. New investors looking for stable and growing passive income…

Read more »

A golden egg in a nest
Dividend Stocks

3 Stocks to Turn Five-Digit Savings Into a Six-Digit Nest Egg

| Adam Othman

If you have enough time, you can achieve decent growth goals with safe and modest growth stocks in your portfolio.

Read more »

Retirement plan
Dividend Stocks

RRSP Investors: 2 Top Oversold TSX Stocks to Buy Now and Own to Retirement

| Andrew Walker

RRSP investors can now buy top TSX dividend stocks at discounted prices.

Read more »

Retirement plan
Dividend Stocks

Retiring Canadians: How is Your Readiness in 2022?

| Christopher Liew, CFA

Even in a volatile market environment, Canadians can improve retirement readiness in 2022 or beyond by sacrificing some of their…

Read more »

Various Canadian dollars in gray pants pocket
Dividend Stocks

Tax-Free Passive Income: 2 Top TSX Dividend Stocks for TFSA Investors to Buy Now

| Andrew Walker

Top TSX dividend stocks are now on sale and offer attractive yields for a TFSA focused on passive income.

Read more »

Dividend Stocks

1 Oversold TSX Dividend Stock to Buy Now

| Andrew Walker

TFSA and RRSP investors can now find top TSX dividend stocks trading at attractive prices.

Read more »

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

1 REIT That Pays a Monthly Distribution (With 6% Yield and 3.2% CAGR) 

| Puja Tayal

It's a good time to buy REITs at a hefty discount to lock in higher passive income. This REIT pays…

Read more »

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

Want Easy Passive Income? Go With These 3 Canadian Dividend All-Stars

| Jed Lloren

Are you looking for easy passive income? Here are three Canadian dividend all-stars.

Read more »

green energy
Dividend Stocks

These Monthly Dividend Payers Could Carry Your Portfolio for Years

| Puja Tayal

Building a portfolio takes years. Without further ado, invest in these monthly dividend payers and start earning.

Read more »

grow money, wealth build
Dividend Stocks

3 TSX Stocks to Make the Perfect Passive Income Portfolio

| Amy Legate-Wolfe

If you're an investor who wants to set it and forget it, these three TSX stocks are ideal for your…

Read more »

Man making notes on graphs and charts
Dividend Stocks

TFSA Investors: Where to Invest $6,000 This Year

| Vineet Kulkarni

Here are two top TSX stocks that could outperform broader markets in the long term.

Read more »

Golden crown on a red velvet background
Dividend Stocks

A Canadian Dividend Aristocrat That’ll Pay Passive Income Investors Through a 2023 Recession

| Joey Frenette

CIBC (TSX:CM)(NYSE:CM) stock looks like a dividend bargain to pick up right now.

Read more »

hand using ATM
Dividend Stocks

Should You Buy Royal Bank Stock at Current Levels?

| Vineet Kulkarni

RY stock has dropped 20% since January, underperforming broader markets. Is Canada's biggest bank still a buy?

Read more »

edit Safety First illustration
Dividend Stocks

2 Safe Stocks to Own and Keep Receiving Passive Income

| Christopher Liew, CFA

Canadian investors will likely keep receiving rock-steady passive income from two Dividend Aristocrats, notwithstanding the intensifying market pressure.

Read more »

Increasing yield
Dividend Stocks

3 TSX Stocks With High Dividend Yields

| Rajiv Nanjapla

Due to their stable cash flows and high dividend yields, these three stocks are excellent buys in this volatile environment.

Read more »

Upwards momentum
Dividend Stocks

3 Strong Buys Right Now With Growth Prospects Intact

| Christopher Liew, CFA

Three TSX stocks are strong buys right now because the companies' growth prospects are intact despite the shaky market environment.

Read more »

Profit dial turned up to maximum
Dividend Stocks

Get More Income From This REIT Selloff

| Kay Ng

Income investors can build their Canadian REIT positions slowly over this downturn to lock in high yields.

Read more »

calculate and analyze stock
Dividend Stocks

RRSP Investors: 2 Oversold TSX Stocks to Buy Now and Hold for Decades

| Andrew Walker

RRSP investors can now buy top TSX dividend stocks at cheap prices.

Read more »

Cogs turning against each other
Dividend Stocks

Beginners: 1 Safe Canadian Stock to Buy and Hold Forever

| Adam Othman

Are you new to investing? This might be one of the safest buy-and-hold investments to own right now.

Read more »

A stock price graph showing growth over time
Dividend Stocks

2 Safe TSX Stocks to Add to Your TFSA Amid Rising Volatility

| Rajiv Nanjapla

Given their stable underlying businesses and healthy growth prospects, I'm bullish on these two low-volatility TSX stocks.

Read more »