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Amid heightened market volatility and trade uncertainties, the Canadian stock market has experienced significant fluctuations, with the TSX seeing a notable decline. However, in such turbulent times, dividend stocks can offer a measure of stability and income potential for investors seeking to navigate these choppy waters.
Top 10 Dividend Stocks In Canada
| Name | Dividend Yield | Dividend Rating |
| Whitecap Resources (TSX:WCP) | 9.48% | ★★★★★★ |
| SECURE Waste Infrastructure (TSX:SES) | 3.19% | ★★★★★☆ |
| Canadian Imperial Bank of Commerce (TSX:CM) | 4.89% | ★★★★★☆ |
| Russel Metals (TSX:RUS) | 4.43% | ★★★★★☆ |
| Savaria (TSX:SIS) | 3.43% | ★★★★★☆ |
| Olympia Financial Group (TSX:OLY) | 6.99% | ★★★★★☆ |
| Royal Bank of Canada (TSX:RY) | 3.76% | ★★★★★☆ |
| Power Corporation of Canada (TSX:POW) | 4.74% | ★★★★★☆ |
| Acadian Timber (TSX:ADN) | 6.97% | ★★★★★☆ |
| Richards Packaging Income Fund (TSX:RPI.UN) | 6.22% | ★★★★★☆ |
Click here to see the full list of 25 stocks from our Top TSX Dividend Stocks screener.
Underneath we present a selection of stocks filtered out by our screen.
IGM Financial
Simply Wall St Dividend Rating: ★★★★★☆
Overview: IGM Financial Inc. operates in the asset management sector in Canada with a market cap of CA$9.76 billion.
Operations: IGM Financial Inc. generates revenue primarily through its Asset Management segment, which accounts for CA$1.26 billion, and its Wealth Management segment, contributing CA$2.45 billion.
Dividend Yield: 5.5%
IGM Financial Inc. maintains a stable and reliable dividend history with payments covered by both earnings (payout ratio of 57.2%) and cash flows (cash payout ratio of 51.6%). Despite a recent decline in net income to C$933.51 million, dividends have been affirmed at C$0.5625 per share, payable on April 30, 2025. The company's dividend yield is attractive at 5.47%, though below the top quartile in Canada, while trading significantly below its estimated fair value enhances its appeal for value-focused investors.
National Bank of Canada
Simply Wall St Dividend Rating: ★★★★★☆
Overview: National Bank of Canada offers a range of financial services to individuals, businesses, institutional clients, and governments both in Canada and internationally, with a market cap of CA$44.36 billion.
Operations: National Bank of Canada's revenue segments include Wealth Management at CA$2.90 billion, Personal and Commercial at CA$4.30 billion, Financial Markets (excluding USSF&I) at CA$3.22 billion, and U.S. Specialty Finance and International (USSF&I) at CA$1.30 billion.