In This Article:
With Canada's election now behind it, the focus has shifted to addressing key economic issues such as trade and fiscal policy, amid a backdrop of potentially softening economic growth and interest rate cuts. As investors navigate this evolving landscape, dividend stocks on the TSX offer an attractive option for those seeking steady income streams in uncertain times.
Top 10 Dividend Stocks In Canada
| Name | Dividend Yield | Dividend Rating |
| Canadian Imperial Bank of Commerce (TSX:CM) | 4.41% | ★★★★★☆ |
| Royal Bank of Canada (TSX:RY) | 3.54% | ★★★★★☆ |
| Savaria (TSX:SIS) | 3.03% | ★★★★★☆ |
| Russel Metals (TSX:RUS) | 4.12% | ★★★★★☆ |
| National Bank of Canada (TSX:NA) | 3.74% | ★★★★★☆ |
| Whitecap Resources (TSX:WCP) | 9.33% | ★★★★★☆ |
| Power Corporation of Canada (TSX:POW) | 4.38% | ★★★★★☆ |
| IGM Financial (TSX:IGM) | 5.13% | ★★★★★☆ |
| Richards Packaging Income Fund (TSX:RPI.UN) | 6.00% | ★★★★★☆ |
| Acadian Timber (TSX:ADN) | 6.66% | ★★★★★☆ |
Click here to see the full list of 25 stocks from our Top TSX Dividend Stocks screener.
Below we spotlight a couple of our favorites from our exclusive screener.
Acadian Timber
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Acadian Timber Corp., along with its subsidiaries, operates in the forest products industry across Eastern Canada and the Northeastern United States, with a market cap of CA$310.65 million.
Operations: Acadian Timber Corp. generates revenue through its segments including CA$17.28 million from Maine Timberlands, CA$24.59 million from Environmental Solutions, and CA$74.31 million from New Brunswick Timberlands.
Dividend Yield: 6.7%
Acadian Timber's dividend yield ranks in the top 25% of Canadian dividend payers, but sustainability is a concern due to a high payout ratio of 93.7%, not fully covered by earnings or cash flows. Despite stable and reliable dividends over the past decade, recent financials show declining net income and profit margins. The company announced a quarterly dividend of C$0.29 per share for April 2025, maintaining its commitment to shareholders despite these challenges.
-
Dive into the specifics of Acadian Timber here with our thorough dividend report.
-
The valuation report we've compiled suggests that Acadian Timber's current price could be inflated.
Capital Power
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Capital Power Corporation develops, acquires, owns, and operates renewable and thermal power generation facilities in Canada and the United States with a market cap of CA$8.26 billion.
Operations: Capital Power Corporation's revenue segments include CA$1.45 billion from renewable power generation and CA$2.30 billion from thermal power generation facilities in Canada and the United States.