As the Canadian market navigates through a complex landscape of trade developments and central bank meetings, investors are keeping a close eye on potential volatility sparked by tariff negotiations and fiscal debates. Despite these challenges, the market’s solid fundamentals provide a supportive backdrop for dividend stocks, which can offer stability and income in uncertain times.
|
Name |
Dividend Yield |
Dividend Rating |
|
Sun Life Financial (TSX:SLF) |
3.94% |
★★★★★☆ |
|
Russel Metals (TSX:RUS) |
3.96% |
★★★★★☆ |
|
Royal Bank of Canada (TSX:RY) |
3.53% |
★★★★★☆ |
|
Pulse Seismic (TSX:PSD) |
9.57% |
★★★★★☆ |
|
Power Corporation of Canada (TSX:POW) |
4.70% |
★★★★★☆ |
|
National Bank of Canada (TSX:NA) |
3.53% |
★★★★★☆ |
|
IGM Financial (TSX:IGM) |
5.13% |
★★★★★☆ |
|
Canadian Imperial Bank of Commerce (TSX:CM) |
4.12% |
★★★★★☆ |
|
Atrium Mortgage Investment (TSX:AI) |
9.71% |
★★★★★☆ |
|
Acadian Timber (TSX:ADN) |
6.38% |
★★★★★☆ |
Click here to see the full list of 28 stocks from our Top TSX Dividend Stocks screener.
Here’s a peek at a few of the choices from the screener.
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: High Liner Foods Incorporated processes and markets prepared and packaged frozen seafood products in North America, with a market cap of CA$552.75 million.
Operations: High Liner Foods’ revenue is primarily derived from its manufacturing and marketing of prepared and packaged frozen seafood, amounting to $950.68 million.
Dividend Yield: 3.4%
High Liner Foods offers a dividend yield of 3.39%, which is lower than the top Canadian dividend payers. Its dividends are well-covered by earnings (payout ratio: 23%) and cash flows (cash payout ratio: 36%), though they have been volatile over the past decade. Recent earnings showed slight declines in sales and net income, but EPS improved slightly year-over-year. The company affirmed its quarterly CAD$0.17 per share dividend, payable June 15, 2025.
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Pulse Seismic Inc. acquires, markets, and licenses 2D and 3D seismic data for the energy sector in Canada, with a market cap of CA$143.13 million.
Operations: Pulse Seismic Inc.’s revenue is primarily generated from its Oil Well Equipment & Services segment, which amounts to CA$37.36 million.
Dividend Yield: 9.6%
Pulse Seismic’s dividend yield is among the top 25% in Canada at 9.57%, though its history of payments has been volatile over the past decade. The recent 17% increase in dividends to CAD$0.0175 per share reflects improved financial performance, with Q1 net income rising significantly to CAD$13.38 million from CAD$2.68 million a year ago. Dividends are well-covered by earnings (21.8% payout ratio) and cash flows (67.5% cash payout ratio).