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As trade tensions ease and interest rates remain steady, the Canadian market has shown resilience, with stocks posting gains amid global economic developments. In this environment, dividend stocks can offer stability and income potential, making them an attractive option for investors seeking to navigate uncertain times while benefiting from regular payouts.
Top 10 Dividend Stocks In Canada
| Name | Dividend Yield | Dividend Rating |
| Canadian Imperial Bank of Commerce (TSX:CM) | 4.23% | ★★★★★☆ |
| Atrium Mortgage Investment (TSX:AI) | 9.87% | ★★★★★☆ |
| IGM Financial (TSX:IGM) | 5.09% | ★★★★★☆ |
| Russel Metals (TSX:RUS) | 4.06% | ★★★★★☆ |
| Royal Bank of Canada (TSX:RY) | 3.40% | ★★★★★☆ |
| Olympia Financial Group (TSX:OLY) | 6.74% | ★★★★★☆ |
| National Bank of Canada (TSX:NA) | 3.57% | ★★★★★☆ |
| Power Corporation of Canada (TSX:POW) | 4.91% | ★★★★★☆ |
| Acadian Timber (TSX:ADN) | 6.64% | ★★★★★☆ |
| Sun Life Financial (TSX:SLF) | 3.99% | ★★★★★☆ |
Click here to see the full list of 26 stocks from our Top TSX Dividend Stocks screener.
Let's take a closer look at a couple of our picks from the screened companies.
Rogers Sugar
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Rogers Sugar Inc. is involved in the refining, packaging, marketing, and distribution of sugar, maple, and related products across Canada, the United States, Europe, and internationally with a market cap of CA$714.61 million.
Operations: Rogers Sugar Inc. generates revenue through its operations in refining, packaging, marketing, and distributing sugar and maple products across various regions including Canada, the United States, and Europe.
Dividend Yield: 6.5%
Rogers Sugar offers a high dividend yield of 6.46%, ranking in the top 25% of Canadian dividend payers, but its dividends are not covered by free cash flow and have been unreliable over the past decade. The company maintains a reasonable payout ratio of 74.9%, yet its debt is not well-covered by operating cash flow. Recent earnings showed growth, with Q2 sales at C$326.31 million and net income rising to C$20.54 million from C$13.94 million a year ago, amidst stable production volumes and new supply agreements enhancing operational stability.
Royal Bank of Canada
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Royal Bank of Canada operates as a diversified financial services company worldwide, with a market cap of CA$241.88 billion.
Operations: Royal Bank of Canada generates revenue from several segments, including Insurance (CA$1.27 billion), Capital Markets (CA$12.42 billion), Personal Banking (CA$16.30 billion), Wealth Management (CA$20.41 billion), and Commercial Banking (CA$6.75 billion).