Dividend
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Best Canadian Dividend Stocks Right Now

Looking for dividend income Canada? This page highlights dividend-paying stocks that combine yield with quality, financial health, and sustainability.

Best dividend Canadian stocks list

This list shows Canadian dividend stocks selected for yield, quality, and sustainability. Stocks are sorted by dividend yield, highlighting higher dividend payers first.

SymbolCompanySectorPriceMarket CapDiv %FA Rating% Chg1M %3M %
PXT.CA PAREX RESOURCES INCEnergy27.342.62B5.88%7 / 100.96%23.82%46.05%
RUS.CA RUSSEL METALS INCIndustrials482.64B3.64%7 / 101.50%-0.52%9.94%
ARG.CA AMERIGO RESOURCES LTDMaterials5.03809.38M3.40%7 / 107.02%-12.83%12.28%
NWC.CA NORTH WEST CO INC/THEConsumer Staples54.532.60B3.03%6 / 100.42%-1.45%11.15%
JWEL.CA JAMIESON WELLNESS INCConsumer Staples34.41.42B2.68%7 / 102.17%-7.15%2.63%
SU.CA SUNCOR ENERGY INCEnergy92.01109.21B2.66%6 / 100.08%17.80%46.96%
AGF-B.CA AGF MANAGEMENT LTD-CLASS BFinancials20.251.31B2.50%6 / 103.00%0.65%24.85%
SIS.CA SAVARIA CORPIndustrials26.751.92B2.16%7 / 103.44%8.39%16.00%
EXE.CA EXTENDICARE INCHealth Care26.322.49B2.08%6 / 101.86%0.38%24.86%
PRU.CA PERSEUS MINING LTDMaterials5.16.89B2.02%7 / 107.59%-7.44%0.99%
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Note: This table shows a subset of the stocks matching the screen criteria. The full list of stocks can be viewed in the Stock Screener tool.

  • Click the symbol or name to view the stock's profile.
  • Click the FA Rating to view the stock's fundamental analysis.

Why dividend stocks matter

Dividend stocks can provide steady income and often belong to mature, financially stable businesses. The best dividend opportunities combine attractive yields with reliable payout quality.

How to find the best dividend stocks

Investors should look beyond yield alone. A strong dividend screen also checks payout safety, profitability, financial health, and business stability.

The Canadian Best Dividend Stocks Screener

These are the rules used to build this stock list.

Methodology

We start with Canadian-listed dividend stocks and focus on companies with attractive yields, sustainable payout ratios, and solid financial strength. This helps identify better long-term income opportunities.

Screener Filters

Liquidity Filters

Average Volume above 50K

We require a minimum average daily volume of 50,000 shares to ensure sufficient liquidity for investors.

Market Cap above $300M

We exclude very small companies to avoid illiquid and highly speculative stocks.

Dividend Filters

Dividend Yield above 2%

A minimum dividend yield ensures the stock offers meaningful income potential.

Payout Ratio below 75%

A reasonable payout ratio improves the sustainability of the dividend.

No dividend decrease in the last 3 years

Not decreasing dividends indicates the sustainability of the dividend.

Quality Filters

Positive Earnings

Profitable companies are more likely to sustain dividend payments over time.

Strong Financial Health

A healthy balance sheet supports dividend stability, especially during weaker economic periods.

FAQ

What makes a stock one of the best dividend stocks?

The best dividend stocks typically combine a solid yield with healthy cash flow, sustainable payout ratios, and stable business performance. In practice, quality matters just as much as headline yield.


Should investors focus only on dividend yield?

No. A very high yield can sometimes signal elevated risk or an unsustainable payout. Many investors also review earnings, free cash flow, and balance-sheet quality before buying dividend stocks in Canada.


How does the Best Dividend Stocks screen work?

We start with Canadian-listed dividend stocks and focus on companies with attractive yields, sustainable payout ratios, and solid financial strength. This helps identify better long-term income opportunities.


What should investors look for when using the Best Dividend Stocks screen?

Investors should look beyond yield alone. A strong dividend screen also checks payout safety, profitability, financial health, and business stability.