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As the Canadian market navigates potential challenges from tariffs and trade uncertainties, investors are focusing on diversification to manage risk and maintain returns. In this environment, dividend stocks can offer a reliable income stream and stability, making them an attractive option for those seeking to bolster their portfolios amidst economic fluctuations.
Top 10 Dividend Stocks In Canada
| Name | Dividend Yield | Dividend Rating |
| Whitecap Resources (TSX:WCP) | 7.49% | ★★★★★★ |
| Acadian Timber (TSX:ADN) | 6.62% | ★★★★★★ |
| Olympia Financial Group (TSX:OLY) | 6.58% | ★★★★★☆ |
| Russel Metals (TSX:RUS) | 4.05% | ★★★★★☆ |
| Royal Bank of Canada (TSX:RY) | 3.50% | ★★★★★☆ |
| IGM Financial (TSX:IGM) | 5.04% | ★★★★★☆ |
| Canadian Natural Resources (TSX:CNQ) | 4.90% | ★★★★★☆ |
| Power Corporation of Canada (TSX:POW) | 4.79% | ★★★★★☆ |
| Firm Capital Mortgage Investment (TSX:FC) | 8.31% | ★★★★★☆ |
| Sun Life Financial (TSX:SLF) | 3.97% | ★★★★★☆ |
Click here to see the full list of 27 stocks from our Top TSX Dividend Stocks screener.
We'll examine a selection from our screener results.
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 CA$93.24 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).
Dividend Yield: 4.9%
Canadian Natural Resources offers a reliable dividend yield of 4.9%, supported by a sustainable payout ratio of 58.4% from earnings and 45.6% from cash flows, indicating solid coverage. The company has consistently grown its dividend over the past decade with minimal volatility. Recent acquisitions, including Chevron's Alberta assets, are expected to enhance production and free cash flow, potentially supporting future dividends despite the yield being lower than top-tier Canadian payers at 6.51%.
Extendicare
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Extendicare Inc., with a market cap of CA$909.79 million, operates in Canada through its subsidiaries to provide care and services for seniors.