With the Canadian economy experiencing mixed signals, including a modest rise in retail sales largely driven by increased gas spending and steady interest rates from the Bank of Canada, investors are navigating a landscape filled with both challenges and opportunities. In this environment, dividend stocks on the TSX can offer stability and income potential, making them an attractive option for those looking to balance risk while capitalizing on resilient economic fundamentals.
Top 10 Dividend Stocks In Canada
| Name |
Dividend Yield |
Dividend Rating |
| Wajax (TSX:WJX) |
4.35% |
★★★★★☆ |
| Toronto-Dominion Bank (TSX:TD) |
3.01% |
★★★★★☆ |
| Rogers Sugar (TSX:RSI) |
5.59% |
★★★★★☆ |
| Pulse Seismic (TSX:PSD) |
11.19% |
★★★★★☆ |
| Pizza Pizza Royalty (TSX:PZA) |
5.86% |
★★★★☆☆ |
| Manulife Financial (TSX:MFC) |
3.67% |
★★★★★☆ |
| IGM Financial (TSX:IGM) |
3.33% |
★★★★★☆ |
| Firm Capital Mortgage Investment (TSX:FC) |
8.31% |
★★★★★☆ |
| Canadian Natural Resources (TSX:CNQ) |
4.12% |
★★★★★☆ |
| AGF Management (TSX:AGF.B) |
3.43% |
★★★★★☆ |
Click here to see the full list of 15 stocks from our Top TSX Dividend Stocks screener.
Let's take a closer look at a couple of our picks from the screened companies.
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$1.01 billion.
Operations:AGF Management Limited generates revenue primarily from its Asset Management segment, which accounted for CA$573.67 million.
Dividend Yield:3.4%
AGF Management recently declared a dividend of CAD 0.135 per share, maintaining a stable dividend history over the past decade. Despite recent declines in revenue and net income for Q1 2026, AGF's dividends remain well-covered by earnings and cash flows with payout ratios of 28.5% and 32.8%, respectively. Although its yield of 3.43% is below top-tier Canadian payers, its consistent growth and coverage make it a reliable option for dividend investors in Canada.
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$189.14 million.
Operations:Genesis Land Development Corp. generates revenue through its Home Building segment, which accounts for CA$274.93 million, and its Land Development - Genesis segment, contributing CA$159.10 million, while the Land Development - LP segment adds CA$5.57 million.
Dividend Yield:6.4%
Genesis Land Development offers a dividend yield of 6.4%, ranking it among the top 25% of Canadian dividend payers, although its track record is unstable and payments have been volatile over the past decade. The cash payout ratio stands at 75.6%, suggesting dividends are covered by cash flows, but insufficient data exists to confirm coverage by earnings. With a low price-to-earnings ratio of 4.8x, Genesis presents good value despite recent modest earnings growth and share repurchase activities.
Wajax
Simply Wall St Dividend Rating:★★★★★☆
Overview:Wajax Corporation offers industrial products and services across Canada with a market capitalization of CA$702.29 million.
Operations:Wajax Corporation generates revenue from its wholesale segment, specifically in machinery and industrial equipment, totaling CA$2.15 billion.
Dividend Yield:4.3%
Wajax Corporation's dividend yield of 4.35% is reliable and has shown stability over the past decade, though it falls short compared to Canada's top dividend payers. The company's dividends are well-supported by a reasonable payout ratio of 53% and a low cash payout ratio of 16.5%, indicating strong coverage by earnings and cash flows. Recent financial results show growth in earnings, with net income rising to C$57.47 million for 2025, enhancing its dividend sustainability profile.
Key Takeaways
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Investigate our full lineup of 15 Top TSX Dividend Stocks right here.
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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:GDC and TSX:WJX.
This article was originally published by Simply Wall St .
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