As the Canadian market navigates a period of rising yields and robust equity performance, investors are keenly observing how these dynamics might influence portfolio strategies. In this environment, dividend stocks can offer appealing opportunities by providing steady income streams and potential stability amid fluctuating valuations.
Top 10 Dividend Stocks In Canada
| Name |
Dividend Yield |
Dividend Rating |
| Rogers Sugar (TSX:RSI) |
5.32% |
★★★★☆☆ |
| Power Corporation of Canada (TSX:POW) |
3.26% |
★★★★★☆ |
| Pizza Pizza Royalty (TSX:PZA) |
7.35% |
★★★★☆☆ |
| Manulife Financial (TSX:MFC) |
3.65% |
★★★★★☆ |
| IGM Financial (TSX:IGM) |
3.14% |
★★★★★☆ |
| Great-West Lifeco (TSX:GWO) |
3.37% |
★★★★★☆ |
| Firm Capital Mortgage Investment (TSX:FC) |
8.49% |
★★★★★☆ |
| Corby Spirit and Wine (TSX:CSW.A) |
6.27% |
★★★★★☆ |
| Canadian Natural Resources (TSX:CNQ) |
3.86% |
★★★★★☆ |
| AGF Management (TSX:AGF.B) |
3.12% |
★★★★★☆ |
Click here to see the full list of 15 stocks from our Top TSX Dividend Stocks screener.
Underneath we present a selection of stocks filtered out by our screen.
AGF Management
Simply Wall St Dividend Rating:★★★★★☆
Overview:AGF Management Limited is a leading Canadian investment management company with a global presence, and it has a market cap of CA$1.10 billion.
Operations:AGF Management Limited generates revenue primarily from its Asset Management segment, which accounts for CA$573.67 million.
Dividend Yield:3.1%
AGF Management recently declared a dividend of CAD 0.135 per share, maintaining its stable and reliable dividend history over the past decade. Despite a decline in Q1 2026 earnings to CAD 18.04 million from CAD 30.95 million a year ago, dividends remain well-covered by earnings and cash flows with payout ratios of 28.5% and 32.8%, respectively. However, its yield of 3.12% is below the top tier in Canada, reflecting modest growth potential amidst declining revenue expectations.
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 natural gas liquids primarily in Western Canada as well as the United Kingdom's North Sea and Offshore Africa regions with a market cap of approximately CA$134.81 billion.
Operations:Canadian Natural Resources Limited's revenue segments include Oil Sands Mining and Upgrading at CA$17.39 billion, Exploration and Production - North America at CA$19.13 billion, Midstream and Refining at CA$818 million, and Exploration and Production - North Sea at CA$217 million.
Dividend Yield:3.9%
Canadian Natural Resources has a robust dividend history, with a recent increase to CAD 0.625 per share, marking its 26th consecutive annual rise. The dividend is well-covered by earnings, with a payout ratio of 51.3%, though the cash payout ratio stands higher at 80.8%. Despite stable past dividends and trading below fair value estimates, insider selling raises concerns. Its yield of 3.86% falls short compared to top Canadian payers but remains attractive for consistent income seekers.
Genesis Land Development
Simply Wall St Dividend Rating:★★★★☆☆
Overview:Genesis Land Development Corp. is an integrated land developer and residential home builder that owns and develops residential lands and serviced lots in the Calgary Metropolitan Area, with a market cap of CA$198.14 million.
Operations:Genesis Land Development Corp. generates revenue from the ownership and development of residential lands and serviced lots in the Calgary Metropolitan Area.
Dividend Yield:6.3%
Genesis Land Development recently declared a special cash dividend of C$0.12 per share, payable in June 2026, highlighting its commitment to shareholder returns. However, the company's dividend history is marked by volatility and an unstable track record over the past decade. Despite trading significantly below fair value estimates and maintaining a low cash payout ratio of 44.1%, insufficient data prevents a clear assessment of dividend sustainability through earnings or cash flows.
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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:AGF.B TSX:CNQ and TSX:GDC.
This article was originally published by Simply Wall St .
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