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Over the last 7 days, the Canadian market has risen by 1.0%, contributing to a remarkable 22% increase over the past year, with earnings forecasted to grow by 15% annually. In this thriving environment, dividend stocks offering attractive yields can be appealing for investors seeking both income and potential growth.
Top 10 Dividend Stocks In Canada
| Name | Dividend Yield | Dividend Rating |
| Whitecap Resources (TSX:WCP) | 6.64% | ★★★★★★ |
| Labrador Iron Ore Royalty (TSX:LIF) | 7.86% | ★★★★★☆ |
| Olympia Financial Group (TSX:OLY) | 7.17% | ★★★★★☆ |
| Power Corporation of Canada (TSX:POW) | 5.14% | ★★★★★☆ |
| Enghouse Systems (TSX:ENGH) | 3.35% | ★★★★★☆ |
| Russel Metals (TSX:RUS) | 4.13% | ★★★★★☆ |
| Firm Capital Mortgage Investment (TSX:FC) | 8.62% | ★★★★★☆ |
| Sun Life Financial (TSX:SLF) | 4.12% | ★★★★★☆ |
| Royal Bank of Canada (TSX:RY) | 3.40% | ★★★★★☆ |
| Canadian Natural Resources (TSX:CNQ) | 4.08% | ★★★★★☆ |
Click here to see the full list of 30 stocks from our Top TSX Dividend Stocks screener.
Underneath we present a selection of stocks filtered out by our screen.
Canadian Natural Resources
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Canadian Natural Resources Limited engages in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas, and natural gas liquids (NGLs), with a market cap of approximately CA$105.91 billion.
Operations: Canadian Natural Resources Limited's revenue segments include Oil Sands Mining and Upgrading at CA$16.47 billion, Exploration and Production - North America at CA$18.15 billion, Midstream and Refining at CA$983 million, Exploration and Production - North Sea at CA$522 million, and Exploration and Production - Offshore Africa at CA$492 million.
Dividend Yield: 4.1%
Canadian Natural Resources offers a dividend yield of 4.08%, which is lower than the top 25% of Canadian dividend payers, but it maintains strong coverage with a payout ratio of 56.1% and cash payout ratio of 42.5%. The company has consistently increased dividends over the past decade, recently announcing a 7% increase to $0.5625 per share payable in January 2025. Earnings have shown modest growth, supporting stable and reliable dividend payments.
North West
Simply Wall St Dividend Rating: ★★★★★☆
Overview: The North West Company Inc. operates retail stores offering food and everyday products in rural and urban communities across northern Canada, rural Alaska, the South Pacific, and the Caribbean, with a market cap of CA$2.53 billion.