In This Article:
As we move into February 2025, the Canadian market is navigating a complex landscape marked by persistent inflation and solid corporate earnings, while European markets quietly outperform expectations. In this environment of crosscurrents, dividend stocks stand out as attractive options for investors seeking stability and income, offering potential resilience amid shifting economic conditions.
Top 10 Dividend Stocks In Canada
| Name | Dividend Yield | Dividend Rating |
| Whitecap Resources (TSX:WCP) | 7.51% | ★★★★★★ |
| Russel Metals (TSX:RUS) | 3.92% | ★★★★★☆ |
| Canadian Imperial Bank of Commerce (TSX:CM) | 4.41% | ★★★★★☆ |
| Savaria (TSX:SIS) | 3.01% | ★★★★★☆ |
| Royal Bank of Canada (TSX:RY) | 3.51% | ★★★★★☆ |
| IGM Financial (TSX:IGM) | 5.01% | ★★★★★☆ |
| Canadian Natural Resources (TSX:CNQ) | 4.92% | ★★★★★☆ |
| Power Corporation of Canada (TSX:POW) | 4.72% | ★★★★★☆ |
| Firm Capital Mortgage Investment (TSX:FC) | 8.26% | ★★★★★☆ |
| Acadian Timber (TSX:ADN) | 6.65% | ★★★★★☆ |
Click here to see the full list of 29 stocks from our Top TSX Dividend Stocks screener.
Here we highlight a subset of our preferred stocks from the screener.
Amerigo Resources
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Amerigo Resources Ltd., operating through its subsidiary Minera Valle Central S.A., focuses on producing and selling copper and molybdenum concentrates from Codelco’s El Teniente underground mine in Chile, with a market cap of CA$301.10 million.
Operations: Amerigo Resources Ltd. generates revenue primarily from the production of copper concentrates under a tolling agreement with DET, amounting to $184.41 million.
Dividend Yield: 6.4%
Amerigo Resources offers a dividend yield of 6.38%, placing it among the top 25% of Canadian dividend payers. The company has a reasonable payout ratio of 72.7%, indicating dividends are covered by earnings, and a cash payout ratio of 35.3%, ensuring coverage by cash flows. However, its dividend history is brief and volatile, having been paid for only three years with periods of significant drops in payments, raising concerns about reliability despite recent production growth and share buyback initiatives.
Savaria
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Savaria Corporation offers accessibility solutions for the elderly and physically challenged across Canada, the United States, Europe, and internationally, with a market cap of CA$1.28 billion.
Operations: Savaria Corporation's revenue segments include Patient Care, generating CA$184.01 million, with a Segment Adjustment of CA$677.25 million.