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The Canadian market, much like its global counterparts, has been navigating the implications of a decisive U.S. election outcome that removed a significant source of uncertainty and spurred an impressive post-election rally. In this environment, dividend stocks on the TSX can offer stability and income potential, making them an attractive option for investors looking to balance growth with reliable returns amidst shifting economic policies.
Top 10 Dividend Stocks In Canada
| Name | Dividend Yield | Dividend Rating |
| Whitecap Resources (TSX:WCP) | 7.08% | ★★★★★★ |
| Acadian Timber (TSX:ADN) | 6.54% | ★★★★★★ |
| Power Corporation of Canada (TSX:POW) | 4.83% | ★★★★★☆ |
| Enghouse Systems (TSX:ENGH) | 3.41% | ★★★★★☆ |
| Firm Capital Mortgage Investment (TSX:FC) | 8.72% | ★★★★★☆ |
| Canadian Natural Resources (TSX:CNQ) | 4.40% | ★★★★★☆ |
| IGM Financial (TSX:IGM) | 5.07% | ★★★★★☆ |
| Russel Metals (TSX:RUS) | 3.89% | ★★★★★☆ |
| Royal Bank of Canada (TSX:RY) | 3.29% | ★★★★★☆ |
| Sun Life Financial (TSX:SLF) | 4.05% | ★★★★★☆ |
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.
Centerra Gold
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Centerra Gold Inc. is a gold mining company involved in the acquisition, exploration, development, and operation of gold and copper properties across North America, Turkey, and internationally with a market cap of CA$1.90 billion.
Operations: Centerra Gold Inc.'s revenue is primarily derived from its Öksüt segment ($559.44 million), Molybdenum operations ($232.42 million), and Mount Milligan mine ($460.21 million).
Dividend Yield: 3.2%
Centerra Gold's dividend payments have been volatile over the last decade, though they have increased overall. The current dividend yield is lower compared to top-tier Canadian payers. Despite this, the payout ratio remains sustainable at 43.7% of earnings and 20.9% of cash flows, indicating solid coverage. Recent financial results show a return to profitability with net income for nine months at US$132.89 million, supported by a share buyback plan enhancing shareholder value further.
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Unlock comprehensive insights into our analysis of Centerra Gold stock in this dividend report.
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Our valuation report unveils the possibility Centerra Gold's shares may be trading at a discount.
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$100.37 billion.
Operations: Canadian Natural Resources Limited generates revenue from several segments, including Oil Sands Mining and Upgrading (CA$16.30 billion), Exploration and Production - North America (CA$17.21 billion), Exploration and Production - North Sea (CA$537 million), Exploration and Production - Offshore Africa (CA$557 million), and Midstream and Refining (CA$937 million).