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See how our 2025 Dividend All-stars performed, delivering strong total returns and reliable dividends that beat Canadian market benchmarks.
As I write this in early January of 2026, there’s no telling how our 2026 Dividend All-stars are going to perform over the year ahead. That’s the nature of investing. But we’ve been building a track record since 2008 of returns we can be proud of with our Best Dividend Stocks picks, using essentially the same methodology.
The performance of our 2025 Dividend All-stars continued the pattern. If you bought all 10 members of the A team in equal amounts at the end of November 2024, you’d be sitting on a total return (including dividends) of 31.39% as of November 30, 2025, our cutoff date. That handily beat the benchmark S&P/TSX Composite Index’s 25.81% total return for the same period.
If you exclude Enghouse Systems, which got dropped from the Composite over the course of 2025 (and hence is no longer eligible for inclusion in our sample), group A’s average return rises to 33.99%.
Perhaps not surprisingly in a year when the price of gold rose more than 50%, the 2025 A team’s top performers turned out to be precious metals miners, Barrick Gold Corp. and Alamos Gold. Integrated petroleum producer Imperial Oil came a distant third. In addition to Enghouse, Tourmaline Oil and Canadian Natural Resources experienced negative price returns, but their dividends pushed their total returns above zero—illustrating, in an otherwise fantastic year for equity investing, how dividends can soften the blow of capital losses when they happen.
As has occurred a few times in the history of our Best Dividends survey, the B list ended up outperforming group A in the 12 months to November 30, 2025, with a total return of 38.13%. That took place despite the fact three B team members—West Fraser Timber, Teck Resources and Richilieu Hardware—posted negative total returns. Once again the standouts were metals and mining firms: Agnico Eagle Mines, Lundin Mining and Wheaton Precious Metals Corp.
Together, the A and B teams recorded an equal-weighted total return of 34.76% which significantly improved on the S&P/TSX Composite’s return for the period—one could say with lower risk. And they did even better compared to the more comparable S&P/TSX Composite Dividend Index, which only includes dividend payers. That index returned 22.55% in the year to November 30, 2025.
So we’re not afraid to confront detractors who wonder why our Dividend All-stars lists aren’t full of the usual banks, REITs, and utilities that tend to populate dividend funds and watchlists. We trust the process.
How to use the charts: To view the tables in their entirety, slide the columns right or left using your fingers or mouse. You can also filter or rearrange the rankings by using the search tool or clicking o
| 2025 rank | Ticker | Company | Price Nov. 30, 2024 | Price Nov. 30, 2025 | Trailing yield Nov. 30, 2025 | 12-month price return | 12-month total return |
|---|---|---|---|---|---|---|---|
| 1 | LIF-T | Labrador Iron Ore Royalty Corp. | $29.66 | $29.84 | 6.39% | 0.61% | 7.18% |
| 2 | TOU-T | Tourmaline Oil Corp. | $66.08 | $64.32 | 2.93% | -2.66% | 0.14% |
| 3 | IMO-T | Imperial Oil | $103.69 | $139.77 | 2.06% | 34.80% | 37.46% |
| 4 | AGI-T | Alamos Gold Inc. Class A | $26.61 | $52.76 | 0.27% | 98.27% | 98.65% |
| 5 | ENGH-T | Enghouse Systems Ltd. | $29.17 | $20.43 | 5.87% | -29.96% | -25.99% |
| 6 | WCP-T | Whitecap Resources Inc. | $10.23 | $11.69 | 6.27% | 14.27% | 21.41% |
| 7 | CNQ-T | Canadian Natural Resources Ltd. | $47.52 | $47.29 | 5.03% | -0.48% | 4.42% |
| 8 | ABX-T | Barrick Gold Corp. | $24.52 | $58.43 | 1.71% | 138.30% | 140.13% |
| 9 | CVE-T | Cenovus Energy Inc. | $22.18 | $24.93 | 3.23% | 12.40% | 15.83% |
| 10 | FRU-T | Freehold Royalties Ltd. | $13.93 | $14.90 | 7.22% | 6.96% | 14.72% |
| Group A average | 31.39% |
| 2025 rank | Ticker | Company | Price Nov. 30, 2024 | Price Nov. 30, 2025 | Trailing yield Nov. 30, 2025 | 12-month price return | 12-month total return |
|---|---|---|---|---|---|---|---|
| 11 | LNR-T | Linamar Corp. | $61.47 | $79.08 | 1.46% | 28.65% | 30.41% |
| 12 | AEM-T | Agnico Eagle Mines Ltd. | $118.06 | $243.79 | 0.92% | 106.50% | 107.85% |
| 13 | RCH-T | Richelieu Hardware Ltd. | $41.08 | $39.28 | 1.58% | -4.38% | -2.90% |
| 14 | IAG-T | iA Financial Corp Inc. | $133.83 | $165.06 | 2.21% | 23.34% | 26.09% |
| 15 | BIR-T | Birchcliff Energy Ltd. | $5.29 | $7.86 | 1.59% | 48.58% | 52.17% |
| 16 | LUN-T | Lundin Mining Corp. | $13.74 | $26.11 | 0.43% | 90.03% | 91.27% |
| 17 | TECK-B-T | Teck Resources Ltd. Class B | $65.37 | $59.49 | 0.83% | -8.99% | -8.23% |
| 18 | TIH-T | Toromont Industries | $115.00 | $163.41 | 1.26% | 42.10% | 43.87% |
| 19 | WPM-T | Wheaton Precious Metals Corp. | $87.12 | $153.47 | 0.62% | 76.16% | 76.91% |
| 20 | WFG-T | West Fraser Timber Co. Ltd. | $137.52 | $86.61 | 2.18% | -37.02% | -36.09% |
| Group B average | 38.13% |
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