In This Article:
With the Canadian market facing uncertainties due to potential tariffs and political shifts, investors are increasingly adopting a defensive stance. In this environment, dividend stocks can offer a measure of stability and income, making them an attractive option for those looking to navigate these turbulent times.
Top 10 Dividend Stocks In Canada
| Name | Dividend Yield | Dividend Rating |
| Whitecap Resources (TSX:WCP) | 8.64% | ★★★★★★ |
| Russel Metals (TSX:RUS) | 4.34% | ★★★★★☆ |
| Savaria (TSX:SIS) | 3.29% | ★★★★★☆ |
| Olympia Financial Group (TSX:OLY) | 6.83% | ★★★★★☆ |
| Royal Bank of Canada (TSX:RY) | 3.77% | ★★★★★☆ |
| IGM Financial (TSX:IGM) | 5.15% | ★★★★★☆ |
| Power Corporation of Canada (TSX:POW) | 4.67% | ★★★★★☆ |
| Firm Capital Mortgage Investment (TSX:FC) | 8.57% | ★★★★★☆ |
| Richards Packaging Income Fund (TSX:RPI.UN) | 6.00% | ★★★★★☆ |
| Acadian Timber (TSX:ADN) | 6.67% | ★★★★★☆ |
Click here to see the full list of 26 stocks from our Top TSX Dividend Stocks screener.
Let's dive into some prime choices out of 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$1.17 billion.
Operations: Bird Construction Inc. generates revenue primarily from its General Contracting Sector of the construction industry, amounting to CA$3.40 billion.
Dividend Yield: 4.1%
Bird Construction's dividend payments are well-covered by earnings and cash flows, with payout ratios of 31.9% and 57.8%, respectively. However, its dividend history has been volatile over the past decade, despite recent growth in payments. The company reported strong financial performance for 2024, with sales reaching C$3.40 billion and net income at C$100.1 million, supporting its current dividend policy of C$0.07 per share for March and April 2025 amidst significant project wins across Canada.
IGM Financial
Simply Wall St Dividend Rating: ★★★★★☆
Overview: IGM Financial Inc. operates in the asset management sector in Canada with a market cap of approximately CA$10.32 billion.
Operations: IGM Financial Inc.'s revenue is primarily derived from its Wealth Management segment, contributing CA$2.45 billion, and its Asset Management segment, generating CA$1.26 billion.
Dividend Yield: 5.2%
IGM Financial's dividends are well-covered by earnings and cash flows, with payout ratios of 57.2% and 51.6%, respectively, ensuring sustainability. Despite a decline in net income to C$933.51 million for 2024, dividends remain stable and have grown over the past decade. The company declared a dividend of C$0.5625 per share payable in April 2025. Trading at a discount to its estimated fair value, IGM offers an attractive yield of 5.15%.