As the Canadian economy navigates through inflationary pressures and fluctuating oil prices, investors are keeping a close eye on how these factors influence market dynamics and consumer spending. In this environment, dividend stocks can offer a measure of stability and income potential, making them an attractive option for those looking to weather economic uncertainties while benefiting from regular payouts.
Top 10 Dividend Stocks In Canada
| Name |
Dividend Yield |
Dividend Rating |
| Wajax (TSX:WJX) |
4.45% |
★★★★★☆ |
| Toronto-Dominion Bank (TSX:TD) |
3.41% |
★★★★★☆ |
| Rogers Sugar (TSX:RSI) |
5.41% |
★★★★☆☆ |
| Pulse Seismic (TSX:PSD) |
11.58% |
★★★★★☆ |
| Pizza Pizza Royalty (TSX:PZA) |
6.15% |
★★★★☆☆ |
| Manulife Financial (TSX:MFC) |
4.15% |
★★★★★☆ |
| IGM Financial (TSX:IGM) |
3.89% |
★★★★★☆ |
| Firm Capital Mortgage Investment (TSX:FC) |
8.70% |
★★★★★☆ |
| Canadian Natural Resources (TSX:CNQ) |
3.60% |
★★★★★☆ |
| Canadian Imperial Bank of Commerce (TSX:CM) |
3.32% |
★★★★★☆ |
Click here to see the full list of 14 stocks from our Top TSX Dividend Stocks screener.
Let's explore several standout options from the results in the screener.
Canadian Natural Resources
Simply Wall St Dividend Rating:★★★★★☆
Overview:Canadian Natural Resources Limited is involved in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas, and NGLs across Western Canada, the United Kingdom's North Sea sector, and Offshore Africa with a market cap of approximately CA$144.95 billion.
Operations:Canadian Natural Resources Limited generates revenue from several segments, including CA$17.45 billion from Oil Sands Mining and Upgrading, CA$18.95 billion from Exploration and Production in North America, CA$0.34 billion from the North Sea, CA$0.19 billion Offshore Africa, and CA$0.76 billion from Midstream and Refining activities.
Dividend Yield:3.6%
Canadian Natural Resources recently increased its quarterly dividend by 6.4% to $0.625 per share, marking the 26th consecutive year of increases, supported by a strong balance sheet and diverse asset base. Despite significant insider selling recently, dividends are well-covered with a payout ratio of 45.4%. The stock trades at an attractive value relative to peers but offers a lower yield than top-tier Canadian dividend payers. Earnings have grown substantially, though future declines are projected.
Olympia Financial Group
Simply Wall St Dividend Rating:★★★★☆☆
Overview:Olympia Financial Group Inc., with a market cap of CA$287.24 million, operates in Canada through its subsidiary Olympia Trust Company as a non-deposit taking trust company.
Operations:Olympia Financial Group Inc.'s revenue is primarily derived from its Investment Account Services (IAS) at CA$77.07 million, followed by Health services at CA$10.33 million, Currency and Global Payments (CGP) at CA$5.18 million, Corporate and Shareholder Services (CSS) at CA$4.67 million, Raisr at CA$1.58 million, and Corporate services at CA$0.04 million.
Dividend Yield:6%
Olympia Financial Group pays a monthly dividend of CAD 0.60 per share, positioning it among the top 25% of Canadian dividend payers with a yield of 6.03%. However, its dividends have been volatile over the past decade and are not well-covered by free cash flows, with a high cash payout ratio of 98.8%. Recent earnings reveal a decline in revenue to CAD 98.86 million and net income to CAD 19.86 million from the previous year.
Alphamin Resources
Simply Wall St Dividend Rating:★★★★☆☆
Overview:Alphamin Resources Corp., along with its subsidiaries, is engaged in the production and sale of tin concentrates and has a market capitalization of approximately CA$1.38 billion.
Operations:Alphamin Resources Corp.'s revenue is primarily derived from the production and sale of tin from its Bisie Tin Mine, totaling $620.89 million.
Dividend Yield:7.4%
Alphamin Resources offers a compelling dividend yield of 7.41%, ranking in the top 25% of Canadian dividend payers, though its four-year track record shows volatility. Despite this, dividends are well-covered by earnings and cash flows, with payout ratios at 69.3% and 40%, respectively. Recent results show robust financial performance with net income rising to US$147.96 million for 2025, supported by solid production figures despite some operational challenges earlier in the year.
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Unlock comprehensive insights into our analysis of Alphamin Resources stock in this dividend report.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include TSX:CNQ TSX:OLY and TSXV:AFM.
This article was originally published by Simply Wall St .
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