In This Article:
As we enter 2025, the Canadian market is poised with both opportunities and uncertainties, following a remarkable 18% gain in the TSX last year. In this environment of potential policy shifts and economic growth, dividend stocks stand out as attractive options for investors seeking stability and income amidst evolving market dynamics.
Top 10 Dividend Stocks In Canada
| Name | Dividend Yield | Dividend Rating |
| Whitecap Resources (TSX:WCP) | 7.01% | ★★★★★★ |
| Acadian Timber (TSX:ADN) | 6.57% | ★★★★★★ |
| Olympia Financial Group (TSX:OLY) | 6.64% | ★★★★★☆ |
| Russel Metals (TSX:RUS) | 4.06% | ★★★★★☆ |
| Power Corporation of Canada (TSX:POW) | 5.11% | ★★★★★☆ |
| Royal Bank of Canada (TSX:RY) | 3.40% | ★★★★★☆ |
| Canadian Natural Resources (TSX:CNQ) | 4.54% | ★★★★★☆ |
| Firm Capital Mortgage Investment (TSX:FC) | 8.22% | ★★★★★☆ |
| IGM Financial (TSX:IGM) | 4.92% | ★★★★★☆ |
| Sun Life Financial (TSX:SLF) | 3.98% | ★★★★★☆ |
Click here to see the full list of 28 stocks from our Top TSX Dividend Stocks screener.
We'll examine a selection from our screener results.
Acadian Timber
Simply Wall St Dividend Rating: ★★★★★★
Overview: Acadian Timber Corp. is a supplier of primary forest products operating in Eastern Canada and the Northeastern United States, with a market cap of CA$313.74 million.
Operations: Acadian Timber Corp.'s revenue is primarily derived from its New Brunswick Timberlands segment at CA$76.88 million and Maine Timberlands segment at CA$18.31 million.
Dividend Yield: 6.6%
Acadian Timber offers a high and reliable dividend yield of 6.57%, ranking in the top 25% among Canadian dividend payers. The company has maintained stable dividends over the past decade, with payments covered by both earnings (72.8% payout ratio) and cash flows (84.5% cash payout ratio). Despite a recent decline in profit margins to 23.2%, Acadian continues to affirm its $0.29 per share dividend, demonstrating commitment to shareholder returns amidst fluctuating earnings performance.
Leon's Furniture
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Leon's Furniture Limited, with a market cap of CA$1.80 billion, operates as a retailer of home furnishings, mattresses, appliances, and electronics across Canada through its subsidiaries.
Operations: The company's revenue primarily comes from the sale of home furnishings, mattresses, appliances, and electronics, totaling CA$2.52 billion.
Dividend Yield: 3.1%
Leon's Furniture's dividend yield of 3.07% is modest compared to top Canadian payers, but its dividends are well covered by earnings (38.2% payout ratio) and cash flows (23.7% cash payout ratio). Despite an unstable dividend history over the past decade, recent affirmations indicate continued payouts with a declared $0.20 CAD per share for January 2025. The stock trades at a significant discount to estimated fair value, suggesting potential value opportunities despite recent earnings declines.