In This Article:
The Canadian market has been navigating a period of heightened volatility and uncertainty, largely driven by global trade tensions and fluctuating tariff policies. Amidst this backdrop, dividend stocks on the TSX can offer investors a measure of stability and income, as they tend to be less volatile and provide regular payouts even when market conditions are challenging.
Top 10 Dividend Stocks In Canada
| Name | Dividend Yield | Dividend Rating |
| Whitecap Resources (TSX:WCP) | 9.44% | ★★★★★★ |
| SECURE Waste Infrastructure (TSX:SES) | 3.20% | ★★★★★☆ |
| Russel Metals (TSX:RUS) | 4.42% | ★★★★★☆ |
| Savaria (TSX:SIS) | 3.42% | ★★★★★☆ |
| Olympia Financial Group (TSX:OLY) | 6.88% | ★★★★★☆ |
| Royal Bank of Canada (TSX:RY) | 3.70% | ★★★★★☆ |
| IGM Financial (TSX:IGM) | 5.40% | ★★★★★☆ |
| Power Corporation of Canada (TSX:POW) | 4.64% | ★★★★★☆ |
| Acadian Timber (TSX:ADN) | 6.85% | ★★★★★☆ |
| Richards Packaging Income Fund (TSX:RPI.UN) | 6.04% | ★★★★★☆ |
Click here to see the full list of 22 stocks from our Top TSX Dividend Stocks screener.
Let's explore several standout options from the results in the screener.
Bird Construction
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Bird Construction Inc. is a Canadian company that offers construction services, with a market cap of CA$1.08 billion.
Operations: Bird Construction Inc. generates revenue of CA$3.40 billion from its operations in the general contracting sector of the construction industry in Canada.
Dividend Yield: 4.2%
Bird Construction's dividends are well-covered by earnings, with a payout ratio of 31.9%, and cash flows, with a cash payout ratio of 57.8%. While its dividend yield is lower than the top Canadian payers, recent earnings growth and strategic project wins signal potential stability. The company announced regular dividends of C$0.07 for March and April 2025. Despite past volatility in dividend payments, Bird's current financial health supports its dividend sustainability.
Bank of Montreal
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Bank of Montreal provides diversified financial services primarily in North America and has a market cap of CA$92.07 billion.
Operations: Bank of Montreal's revenue is generated through several key segments, including BMO Capital Markets (CA$6.56 billion), BMO Wealth Management (CA$5.89 billion), U.S. Personal and Commercial Banking (CA$8.20 billion), and Canadian Personal and Commercial Banking (CA$9.82 billion).
Dividend Yield: 5%
Bank of Montreal's dividend payments are well-covered with a payout ratio of 58.3%, indicating sustainability. Despite not being among the top Canadian dividend payers, its yield remains attractive at C$1.59 per share for Q2 2025. The bank's earnings have shown significant growth, enhancing its ability to maintain stable dividends over the past decade. Recent fixed-income offerings and strategic appointments reflect ongoing efforts to strengthen financial positioning and market presence, supporting long-term dividend reliability.