In This Article:
As the Canadian market navigates a period of anticipation following the U.S. Federal Reserve's annual symposium in Jackson Hole, investors are keenly watching for cues on potential rate cuts and their implications. In this environment of cautious optimism, dividend stocks offer a compelling option for those seeking stable income and resilience amid market fluctuations.
Top 10 Dividend Stocks In Canada
Name | Dividend Yield | Dividend Rating |
Bank of Nova Scotia (TSX:BNS) | 6.31% | ★★★★★★ |
Whitecap Resources (TSX:WCP) | 6.99% | ★★★★★★ |
Secure Energy Services (TSX:SES) | 3.28% | ★★★★★☆ |
Labrador Iron Ore Royalty (TSX:LIF) | 8.38% | ★★★★★☆ |
Enghouse Systems (TSX:ENGH) | 3.49% | ★★★★★☆ |
Russel Metals (TSX:RUS) | 4.45% | ★★★★★☆ |
iA Financial (TSX:IAG) | 3.22% | ★★★★★☆ |
Firm Capital Mortgage Investment (TSX:FC) | 8.57% | ★★★★★☆ |
Royal Bank of Canada (TSX:RY) | 3.63% | ★★★★★☆ |
Canadian Natural Resources (TSX:CNQ) | 4.23% | ★★★★★☆ |
Click here to see the full list of 34 stocks from our Top TSX Dividend Stocks screener.
We're going to check out a few of the best picks from our screener tool.
Alaris Equity Partners Income Trust
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Alaris Equity Partners Income Trust is a private equity firm that focuses on management buyouts, growth capital, lower and middle market investments, later stage ventures, industry consolidation, and mature investments with a market cap of CA$757.54 million.
Operations: Alaris Equity Partners Income Trust generates revenue from unclassified services amounting to CA$215.71 million.
Dividend Yield: 8.3%
Alaris Equity Partners Income Trust offers a high dividend yield of 8.29%, placing it in the top 25% of Canadian dividend payers. Despite this, its dividend history has been volatile and unreliable over the past decade, with payments falling significantly at times. Recent earnings reports show mixed results: while net income rose to CAD 31.68 million in Q2 2024 from CAD 28.39 million a year ago, revenue declined from CAD 46.84 million to CAD 28.5 million over the same period.
Toronto-Dominion Bank
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: The Toronto-Dominion Bank, along with its subsidiaries, offers a range of financial products and services in Canada, the United States, and internationally, with a market cap of CA$139.53 billion.
Operations: Toronto-Dominion Bank generates revenue from several segments, including CA$17.77 billion from Canadian Personal and Commercial Banking, CA$12.75 billion from U.S. Retail, CA$12.20 billion from Wealth Management and Insurance, CA$6.76 billion from Wholesale Banking, and CA$1.19 billion from Corporate operations.