Amid ongoing trade uncertainty and newly announced tariffs, the Canadian market faces heightened volatility, with concerns about inflation and economic stagnation at the forefront. In this environment, dividend stocks can offer a measure of stability and income for investors seeking balance, making them an attractive option to consider.
|
Name |
Dividend Yield |
Dividend Rating |
|
Whitecap Resources (TSX:WCP) |
8.47% |
★★★★★★ |
|
Canadian Imperial Bank of Commerce (TSX:CM) |
4.67% |
★★★★★☆ |
|
Russel Metals (TSX:RUS) |
4.35% |
★★★★★☆ |
|
Savaria (TSX:SIS) |
3.33% |
★★★★★☆ |
|
Olympia Financial Group (TSX:OLY) |
6.94% |
★★★★★☆ |
|
Royal Bank of Canada (TSX:RY) |
3.65% |
★★★★★☆ |
|
Power Corporation of Canada (TSX:POW) |
4.35% |
★★★★★☆ |
|
IGM Financial (TSX:IGM) |
5.20% |
★★★★★☆ |
|
Richards Packaging Income Fund (TSX:RPI.UN) |
6.25% |
★★★★★☆ |
|
Acadian Timber (TSX:ADN) |
6.72% |
★★★★★☆ |
Click here to see the full list of 25 stocks from our Top TSX Dividend Stocks screener.
Let’s explore several standout options from the results in the screener.
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Acadian Timber Corp., with a market cap of CA$307.97 million, operates in Eastern Canada and the Northeastern United States, providing forest products through its subsidiaries.
Operations: Acadian Timber’s revenue is primarily derived from its New Brunswick Timberlands at CA$74.31 million, followed by Environmental Solutions at CA$24.59 million and Maine Timberlands at CA$17.28 million.
Dividend Yield: 6.7%
Acadian Timber offers a dividend yield of 6.72%, positioning it in the top 25% of Canadian dividend payers, but its high payout ratio (93.7%) raises sustainability concerns as dividends are not well covered by earnings. Despite stable and reliable dividends over the past decade, recent financials show declining profit margins and net income, with sales increasing to C$116.19 million for 2024. A quarterly dividend of C$0.29 per share was affirmed for April 2025 payment.
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Capital Power Corporation develops, acquires, owns, and operates renewable and thermal power generation facilities in Canada and the United States, with a market cap of CA$6.89 billion.
Operations: Capital Power’s revenue primarily comes from the operation of electrical generation facilities, amounting to CA$3.68 billion.
Dividend Yield: 5.6%
Capital Power’s dividend payments have been stable and reliable over the past decade, but concerns arise from its high cash payout ratio of 490.8%, indicating dividends are not well covered by cash flows. Despite trading at a significant discount to its estimated fair value, the company’s earnings are forecast to decline significantly. Recent earnings showed a decrease in annual sales to C$3.68 billion, with net income dropping slightly year-over-year. A quarterly dividend of C$0.6519 per share was affirmed for April 2025 payment.