Dividend
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Best Dividend Growth Canadian Stocks Right Now

Looking for dividend growth Canada? These stocks focus less on headline yield and more on the ability to steadily grow dividend payments over time.

Dividend growth Canadian stocks list

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

SymbolCompanySectorPriceMarket CapDiv %FA Rating% Chg1M %3M %
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%
IMO.CA IMPERIAL OIL LTDEnergy182.2188.11B1.97%5 / 100.87%11.50%48.97%
MRU.CA METRO INC/CNConsumer Staples95.1820.15B1.74%5 / 10-0.13%-1.85%-3.87%
CCL-B.CA CCL INDUSTRIES INC - CL BMaterials87.1615.10B1.66%6 / 101.23%-5.38%-0.58%
RCH.CA RICHELIEU HARDWARE LTDIndustrials40.842.25B1.49%5 / 100.94%-6.01%2.46%
SJ.CA STELLA-JONES INCMaterials93.345.10B1.45%6 / 10-0.17%-2.05%8.41%
EDV.CA ENDEAVOUR MINING PLCMaterials83.4120.12B1.45%7 / 107.33%-2.22%22.61%
CG.CA CENTERRA GOLD INCMaterials24.744.94B1.24%7 / 106.45%-7.13%27.39%
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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 growth matters

Dividend growth often signals financial strength, capital discipline, and confidence from management. Companies that raise dividends over time can offer a strong mix of income and compounding.

How to find dividend growth stocks

Strong dividend growth candidates typically combine a history of payout increases with solid earnings, healthy balance sheets, and enough room to keep growing distributions.

The Canadian Dividend Growth Stocks Screener

These are the rules used to build this stock list.

Methodology

We start with Canadian-listed dividend-paying companies and look for consistent dividend growth, supported by profitability, healthy payout ratios, and strong financial quality.

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 1%

A minimum dividend yield ensures the stock is already returning capital to shareholders.

5Y Dividend Growth above 5%

A solid dividend growth rate helps identify companies increasing shareholder payouts over time.

Payout Ratio below 70%

A moderate payout ratio improves the odds that future dividend growth remains sustainable.

No dividend decrease in the last 3 years

Not decreasing dividends indicates the sustainability of the dividend.

Quality Filters

Positive Earnings

Profitable businesses are better positioned to keep raising dividends.

Strong Financial Health

A strong financial profile supports long-term dividend growth.

FAQ

What are dividend growth stocks?

Dividend growth stocks are companies that have the ability and willingness to raise their dividends over time. Investors often favor them because growing payouts can signal business strength and long-term shareholder focus.


Why is dividend growth important?

A rising dividend can help offset inflation and improve total return over time. It may also point to companies with improving fundamentals, disciplined capital allocation, and stable cash generation.


How does the Dividend Growth Stocks screen work?

We start with Canadian-listed dividend-paying companies and look for consistent dividend growth, supported by profitability, healthy payout ratios, and strong financial quality.


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

Strong dividend growth candidates typically combine a history of payout increases with solid earnings, healthy balance sheets, and enough room to keep growing distributions.