As the Canadian market navigates the complexities of new tariffs and shifting economic policies, investors are keenly observing how these factors might influence their portfolios. In this environment, dividend stocks can offer stability and income potential, making them an attractive option for those looking to bolster their investments amidst uncertainty.
|
Name |
Dividend Yield |
Dividend Rating |
|
Sun Life Financial (TSX:SLF) |
4.09% |
★★★★★☆ |
|
Russel Metals (TSX:RUS) |
3.84% |
★★★★★☆ |
|
Royal Bank of Canada (TSX:RY) |
3.41% |
★★★★★☆ |
|
Pulse Seismic (TSX:PSD) |
7.44% |
★★★★★☆ |
|
Power Corporation of Canada (TSX:POW) |
4.59% |
★★★★★☆ |
|
National Bank of Canada (TSX:NA) |
3.35% |
★★★★★☆ |
|
IGM Financial (TSX:IGM) |
5.26% |
★★★★★☆ |
|
Canadian Imperial Bank of Commerce (TSX:CM) |
3.92% |
★★★★★☆ |
|
Atrium Mortgage Investment (TSX:AI) |
9.41% |
★★★★★☆ |
|
Acadian Timber (TSX:ADN) |
6.47% |
★★★★★☆ |
Click here to see the full list of 28 stocks from our Top TSX Dividend Stocks screener.
We’ll examine a selection from our screener results.
Simply Wall St Dividend Rating: ★★★★★☆
Overview: IGM Financial Inc. operates in the asset management business in Canada with a market cap of approximately CA$10.01 billion.
Operations: IGM Financial Inc.’s revenue is primarily derived from its Wealth Management segment, generating CA$2.50 billion, and its Asset Management segment, contributing CA$1.28 billion.
Dividend Yield: 5.3%
IGM Financial’s dividend payments are well-supported by both earnings and cash flows, with a payout ratio of 56.5% and a cash payout ratio of 54.8%. The company has consistently increased its dividends over the past decade, maintaining stability with minimal volatility. Although its current dividend yield of 5.26% is below the top quartile in Canada, IGM trades at a good value relative to peers and recently declared a CAD 0.5625 per share dividend payable on July 31, 2025.
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Royal Bank of Canada operates as a diversified financial services company worldwide, with a market cap of approximately CA$254.43 billion.
Operations: Royal Bank of Canada’s revenue segments include Insurance at CA$1.31 billion, Capital Markets at CA$12.56 billion, Personal Banking at CA$16.75 billion, Wealth Management at CA$20.96 billion, and Commercial Banking at CA$6.91 billion.
Dividend Yield: 3.4%
Royal Bank of Canada’s dividends are well-covered by earnings, with a current payout ratio of 46.1% and forecasted to improve to 42.7% in three years. Despite a lower dividend yield of 3.41% compared to top Canadian payers, RBC has consistently increased its dividends over the past decade with stable payouts. Recent financial activities include significant fixed-income offerings and insider selling, potentially impacting capital management strategies and shareholder value considerations.