In This Article:
As we enter 2025, the Canadian market is navigating a landscape marked by political transitions and evolving central-bank policies, with higher government bond yields impacting stock valuations. Amidst this backdrop of uncertainty and potential volatility, dividend stocks on the TSX offer investors an opportunity to focus on income stability and diversification.
Top 10 Dividend Stocks In Canada
| Name | Dividend Yield | Dividend Rating |
| Whitecap Resources (TSX:WCP) | 7.14% | ★★★★★★ |
| Acadian Timber (TSX:ADN) | 6.82% | ★★★★★★ |
| Olympia Financial Group (TSX:OLY) | 6.76% | ★★★★★☆ |
| Russel Metals (TSX:RUS) | 4.25% | ★★★★★☆ |
| Power Corporation of Canada (TSX:POW) | 5.32% | ★★★★★☆ |
| Royal Bank of Canada (TSX:RY) | 3.47% | ★★★★★☆ |
| Canadian Natural Resources (TSX:CNQ) | 4.62% | ★★★★★☆ |
| Firm Capital Mortgage Investment (TSX:FC) | 8.48% | ★★★★★☆ |
| Richards Packaging Income Fund (TSX:RPI.UN) | 5.66% | ★★★★★☆ |
| Sun Life Financial (TSX:SLF) | 4.08% | ★★★★★☆ |
Click here to see the full list of 28 stocks from our Top TSX Dividend Stocks screener.
We'll examine a selection from our screener results.
Bank of Montreal
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Bank of Montreal offers diversified financial services primarily in North America and has a market capitalization of approximately CA$102.66 billion.
Operations: Bank of Montreal's revenue segments include Canadian Personal and Commercial Banking at CA$9.78 billion, U.S. Personal and Commercial Banking at CA$8.10 billion, BMO Capital Markets at CA$6.15 billion, and BMO Wealth Management at CA$5.62 billion.
Dividend Yield: 4.6%
Bank of Montreal has demonstrated a consistent dividend history, with payments increasing over the past decade and maintaining stability. The bank's current payout ratio of 64.2% indicates that dividends are well-covered by earnings, with future coverage expected to improve to 46.2%. Despite being lower than the top quartile of Canadian dividend payers, its yield remains attractive at 4.56%. Recent fixed-income offerings highlight BMO's ongoing efforts in capital management and financial stability.
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Click here to discover the nuances of Bank of Montreal with our detailed analytical dividend report.
Power Corporation of Canada
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Power Corporation of Canada is an international management and holding company providing financial services across North America, Europe, and Asia, with a market cap of CA$27.68 billion.
Operations: Power Corporation of Canada's revenue segments include Lifeco at CA$39.10 billion, Power Financial - IGM at CA$3.64 billion, and Holding Company at CA$56 million.