In This Article:
In the current Canadian market landscape, concerns over tariffs and their potential impact on economic growth have been prominent, yet the overall economic backdrop remains supportive with above-trend growth and low unemployment. Amidst this environment of potential volatility and uncertainty, dividend stocks can offer investors a measure of stability and income, making them an attractive option for those looking to diversify their portfolios while navigating these complex market conditions.
Top 10 Dividend Stocks In Canada
| Name | Dividend Yield | Dividend Rating |
| Whitecap Resources (TSX:WCP) | 7.37% | ★★★★★★ |
| Acadian Timber (TSX:ADN) | 6.59% | ★★★★★★ |
| Olympia Financial Group (TSX:OLY) | 6.55% | ★★★★★☆ |
| Russel Metals (TSX:RUS) | 4.03% | ★★★★★☆ |
| Royal Bank of Canada (TSX:RY) | 3.50% | ★★★★★☆ |
| IGM Financial (TSX:IGM) | 5.08% | ★★★★★☆ |
| Power Corporation of Canada (TSX:POW) | 4.84% | ★★★★★☆ |
| Canadian Natural Resources (TSX:CNQ) | 4.75% | ★★★★★☆ |
| Firm Capital Mortgage Investment (TSX:FC) | 8.38% | ★★★★★☆ |
| Sun Life Financial (TSX:SLF) | 4.02% | ★★★★★☆ |
Click here to see the full list of 28 stocks from our Top TSX Dividend Stocks screener.
Let's uncover some gems from our specialized screener.
Bank of Montreal
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Bank of Montreal offers diversified financial services mainly in North America and has a market cap of CA$103.78 billion.
Operations: Bank of Montreal's revenue segments include BMO Capital Markets with CA$6.15 billion, BMO Wealth Management at CA$5.62 billion, U.S. Personal and Commercial Banking generating CA$8.10 billion, and Canadian Personal and Commercial Banking contributing CA$9.78 billion.
Dividend Yield: 4.5%
Bank of Montreal offers a stable dividend yield of 4.47%, supported by a payout ratio of 64.2%, indicating dividends are well-covered by earnings. Recent increases in dividends and consistent growth over the past decade reflect reliability, though the yield is lower than Canada's top dividend payers. The bank's strategic fixed-income offerings, such as recent senior unsecured notes, enhance capital management but may impact future cash flows available for dividends if not managed prudently.
Evertz Technologies
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Evertz Technologies Limited designs, manufactures, and distributes video and audio infrastructure solutions for production, post-production, broadcast, and telecommunications markets globally with a market cap of CA$899.09 million.