Top 100 dividend stocks in Canada 2026

Since 2008, we’ve been ranking Canadian dividend stocks using a methodology that prizes attributes like attractive valuations, earnings growth, and balance-sheet strength. And though our top-ranked stocks are often lower-profile issues, they’ve performed consistently well against market benchmarks—including our 2025 picks.

Here, in a nutshell, is how we rank the top 100 dividend-paying stocks in Canada:

Scoring the best dividend stocks in Canada

The yield score (40% weighting) looks at the current dividend yield and the growth of the dividend over the past five years.
The stability score (40% weighting) reveals the debt-to-equity ratio, return on equity, five-year earnings growth, and ratio of earnings per share to dividends.
The valuation score (20% weighting) reflects the stock’s earnings yield (the inverse of price-to-earnings) and price-to-book value.
Learn more about our best dividends methodology here.

Ranking the best dividend stocks in Canada

Based on total scores for our three metrics (low scores are best), we assigned each stock in our 2026 survey a letter grade. The top 10 and next 10 form our A and B lists, respectively, which you can read more about on our Dividend All-Stars page. Stocks 21 through 50 get a C grade, indicating middling performance prospects using our scoring systems. D and E grades go to the last two quartiles in our Top 100; these are certainly investable and could surprise on the upside.

Stocks that fall below the cutoff essentially get an F and are not included in our list. Even some of these could come to outperform—much as we try to foresee the future, stock markets continue to be unpredictable! But as you will find on our 2025 Performance review, our track record for finding winners over the years, using the same methodology, is pretty good.

“Companies with combinations of higher debt levels, weak dividend growth, and weak valuation scored lower in the rankings,” explains Aman Raina, a Toronto-area investing coach and founder of Sage Investors who crunched the numbers for us. “This penalizes the big banks which scored lower yet EQB, the upstart, scored much better.”

One noticeable change in 2026 is the yield on our top 100. The average trailing yield for the group as of November 30 was 4.03%, a significant step up from the 2.83% we recorded last year. That dividend stream will provide income-seeking investors ample cash flow in the coming year and, in the case of a market downturn, a pretty plush cushion against the worst outcomes. And if they continue to hold these stocks for the long term, the payouts are likely to grow.

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How to use the top 100 dividend stocks ranking

Consider the 2026 top 100 dividend stocks table below as a starting point for your search for investing prospects, not the final destination. Always conduct your own due diligence using the latest data provided by corporate earnings reports, your brokerage and/or third-party data providers before clicking the ‘buy’ button.

Our screening does not account for qualitative factors such as the expertise of company management, consumer and/or technological trends, or risks peculiar to the jurisdictions in which the companies operate.

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We wish you luck in your investing this year!

Canada’s top 100 dividend stocks

To view all the data in the table, slide the columns right or left using your fingers or mouse. You can filter or rearrange the rankings by using the search tool or clicking on column headings. You can also download the data to your device in Excel, CSV, and PDF formats.

Top 100 Dividend Stocks 2026

wdt_ID	Rank	Symbol	Name	Price (Nov. 30, 2025)	Trailing Dividend Yield	Yield Weighted Score	Stability Weighted Score	Valuation Weighted Score	Total Score	Grade
1	1	POU-T	Paramount Resources Ltd.	24.07	3.19%	1.2	8	0.2	9.4	A
2	2	PXT-T	Parex Resources Inc.	18.5	8.90%	0.8	7.6	3.6	12	A
3	3	EQB-T	EQB Inc.	86.75	5.94%	15.2	6	2	23.2	A
4	4	WCP-T	Whitecap Resources Inc.	11.69	6.27%	10.8	14.4	2.8	28	A
5	5	OGC-T	Oceanagold Corp.	35.97	0.48%	14	6.8	8.2	29	A
6	6	CVE-T	Cenovus Energy Inc.	24.93	3.23%	2.8	19.2	7.2	29.2	A
7	7	PEY-T	Peyto Exploration & Devt Corp.	22.42	5.97%	2	25.6	4.4	32	A
8	8	IMO-T	Imperial Oil	139.7	2.06%	6.4	13.2	14	33.6	A
9	9	AEM-T	Agnico Eagle Mines Ltd.	243.79	0.92%	5.2	8.8	20	34	A
10	10	DPM-T	Dundee Precious Metals Inc.	39	0.56%	21.6	2.4	10.6	34.6	A
11	11	BTO-T	B2Gold Corp.	6.49	1.79%	1.6	10.8	23	35.4	B
12	12	PAAS-T	Pan American Silver Corp.	63.34	1.33%	5.6	11.2	19.6	36.4	B
13	13	CNQ-T	Canadian Natural Resources Ltd.	47.29	5.03%	6	23.2	8.8	38	B
14	14	AGI-T	Alamos Gold Inc. Class A	52.76	0.27%	8.8	9.2	22.4	40.4	B
15	15	BIR-T	Birchcliff Energy Ltd.	7.86	1.59%	3.2	18	21.8	43	B
16	16	FFH-T	Fairfax Financial Holdings Ltd.	2,406.33	0.90%	14.8	26.8	1.4	43	B
17	17	WFG-T	West Fraser Timber Co. Ltd.	86.61	2.18%	8.4	4.4	31.2	44	B
18	18	RCH-T	Richelieu Hardware Ltd.	39.28	1.58%	9.6	14	20.4	44	B
19	19	ABX-T	Barrick Mining Corp.	58.43	1.71%	12.8	14.8	16.6	44.2	B
20	20	IFC-T	Intact Financial Corp.	285.4	1.85%	16.4	17.6	12.6	46.6	B
21	21	WPM-T	Wheaton Precious Metals Corp.	153.47	0.62%	17.6	3.2	26.4	47.2	C
22	22	TECK-B-T	Teck Resources Ltd. Class B	59.49	0.83%	9.2	19.6	19.4	48.2	C
23	23	CEU-T	CES Energy Solutions Corp.	12.29	1.42%	13.6	26	9.2	48.8	C
24	24	FRU-T	Freehold Royalties Ltd.	14.9	7.22%	18	15.6	15.6	49.2	C
25	25	WPK-T	Winpak Ltd.	44.08	0.45%	36.8	6.4	6.4	49.6	C
26	26	LNR-T	Linamar Corp.	79.08	1.46%	12	22.8	16.4	51.2	C
27	27	TIH-T	Toromont Industries	163.41	1.26%	16.8	13.6	21.6	52	C
28	28	LUN-T	Lundin Mining Corp.	26.11	0.43%	4.8	20	28.2	53	C
29	29	MFC-T	Manulife Financial	49.47	3.59%	24.4	18.8	10.4	53.6	C
30	30	CCO-T	Cameco Corp.	123.95	0.19%	13.2	11.6	29.4	54.2	C
31	31	BEI-UN-T	Boardwalk Real Estate Invt Trust	64.23	2.50%	19.2	30.4	5.2	54.8	C
32	32	FCR-UN-T	First Capital REIT Units	19.64	4.74%	3.6	39.6	12	55.2	C
33	33	CG-T	Centerra Gold Inc.	18.52	1.53%	48.8	5.6	1.2	55.6	C
34	34	MX-T	Methanex Corp.	50.25	1.95%	2.4	49.6	4	56	C
35	35	FNV-T	Franco-Nevada Corp.	292.15	0.76%	28.4	2.8	25.2	56.4	C
36	36	SLF-T	Sun Life Financial Inc.	82.83	4.23%	15.6	31.6	10	57.2	C
37	37	SU-T	Suncor Energy Inc.	62.84	3.84%	33.6	17.2	7.8	58.6	C
38	38	CCL-B-T	CCL Industries Inc. Class B NV	85.45	1.49%	18.4	24.8	15.8	59	C
39	39	SJ-T	Stella Jones Inc.	87.09	1.44%	14.4	38.8	6.6	59.8	C
40	40	HWX-T	Headwater Exploration Inc.	8.92	4.65%	56	1.2	4.6	61.8	C
41	41	BDT-T	Bird Construction Inc.	26.48	3.18%	25.2	26.4	10.2	61.8	C
42	42	ATD-T	Alimentation Couche-Tard Inc.	76.33	1.13%	6.8	39.2	16.8	62.8	C
43	43	JWEL-T	Jamieson Wellness Inc.	34.75	2.67%	11.2	33.6	19.2	64	C
44	44	RUS-T	Russel Metals	40.8	4.20%	47.6	10.4	6.2	64.2	C
45	45	ARX-T	ARC Resources Ltd.	25.01	3.09%	44.4	16.8	3.2	64.4	C
46	46	TRI-T	Thomson Reuters Corp.	189.55	1.76%	27.6	12.4	24.4	64.4	C
47	47	CTC-A-T	Canadian Tire Corp. Class A NV	170.02	3.00%	19.6	41.2	4.2	65	C
48	48	PSK-T	Prairiesky Royalty Ltd.	26.83	3.89%	36.4	7.2	22.2	65.8	C
49	49	GWO-T	Great-West Lifeco Inc.	64.79	3.74%	29.6	27.6	9	66.2	C
50	50	MG-T	Magna International Inc.	68.39	3.98%	35.2	28	5.6	68.8	C
51	51	SII-T	Sprott Inc.	128.54	1.4	43.6	0.4	25.8	69.8	D
52	52	GSY-T	Goeasy Ltd.	140	4.42%	8	60	2.2	70.2	D
53	53	TFII-T	TFI International Inc.	121.87	2.13%	10.4	42.4	18.6	71.4	D
54	54	AG-T	First Majestic Silver Corp.	21.1	0.13%	30.4	12	29.2	71.6	D
55	55	MRU-T	Metro Inc.	100.26	1.48%	20.8	33.2	17.8	71.8	D
56	56	NTR-T	Nutrien Ltd.	81.3	3.81%	40.4	22	9.8	72.2	D
57	57	CCA-T	Cogeco Communications Inc.	68.3	5.85%	22.4	48.4	1.6	72.4	D
58	58	QBR-B-T	Quebecor Inc. Class B Sv	52.66	2.68%	4	60.4	8.6	73	D
59	59	X-T	TMX Group Ltd.	51.3	1.72%	26	23.6	23.4	73	D
60	60	TCL-A-T	Transcontinental Inc. Class A Sv	20.48	4.38%	50	21.6	1.8	73.4	D
61	61	SES-T	Secure Waste Infrastructure Corp.	18.13	2.23%	26.4	22.4	24.8	73.6	D
62	62	CJT-T	Cargojet Inc.	81.19	1.73%	29.2	41.6	3	73.8	D
63	63	OR-T	Osisko Gold Royalties Ltd.	48.71	0.65%	42	9.6	25.4	77	D
64	64	EMP-A-T	Empire Company Ltd.	51.45	1.70%	20	44	13.2	77.2	D
65	65	EFX-T	Enerflex Ltd.	19.43	0.73%	37.2	35.2	4.8	77.2	D
66	66	DFY-T	Definity Financial Corporation	72.15	1.02%	55.2	8.4	13.8	77.4	D
67	67	NA-T	National Bank of Canada	168.95	2.69%	18.8	47.6	11.6	78	D
68	68	BAM-T	Brookfield Asset Management Ltd.	73.59	3.32%	52	2	24.2	78.2	D
69	69	CNR-T	Canadian National Railway Co.	133.83	2.69%	22.8	40.8	14.6	78.2	D
70	70	GIL-T	Gildan Activewear Inc.	80.19	1.57%	23.6	40	15.2	78.8	D
71	71	IAG-T	iA Financial Corp Inc.	165.06	2.21%	56.4	16	6.8	79.2	D
72	72	CIGI-T	Colliers International Group Inc.	202.55	0.20%	4.4	48	27	79.4	D
73	73	LIF-T	Labrador Iron Ore Royalty Corp.	29.84	6.39%	65.2	1.6	13	79.8	D
74	74	KMP-UN-T	Killam Apartment REIT	16.72	4.41%	49.6	30	0.4	80	D
75	75	ARE-T	Aecon Group Inc.	27.28	2.81%	34	16.4	29.8	80.2	D
76	76	LUG-T	Lundin Gold Inc.	117.77	2.98%	57.2	0.8	22.8	80.8	E
77	77	CRT-UN-T	CT Real Estate Investment Trust	16.27	5.91%	42.8	35.6	2.6	81	E
78	78	PET-T	Pet Valu Holdings Ltd.	28.52	1.67%	0.4	63.6	17	81	E
79	79	MEG-T	MEG Energy Corp.	30.89	1.33%	57.6	15.2	8.4	81.2	E
80	80	FTT-T	Finning International	74.76	1.61%	32.8	34.4	14.4	81.6	E
81	81	STN-T	Stantec Inc.	134.39	0.66%	27.2	31.2	23.6	82	E
82	82	ATRL-T	Atkinsrealis Group Inc.	86.73	0.09%	51.6	29.6	1	82.2	E
83	83	IIP-UN-T	Interrent Real Estate Investment Trust	13.23	3.01%	46	4.8	31.4	82.2	E
84	84	MTL-T	Mullen Group Ltd.	14.61	5.74%	36	40.4	5.8	82.2	E
85	85	AP-UN-T	Allied Properties Real Estate Invt Trust	13	13.98%	46.4	5.2	30.8	82.4	E
86	86	MFI-T	Maple Leaf Foods	25.31	3.64%	30	42	11	83	E
87	87	CP-T	Canadian Pacific Kansas City Ltd.	101.23	0.90%	41.6	24	18.4	84	E
88	88	GRT-UN-T	Granite Real Estate Investment Trust	76.59	4.42%	44	28.8	11.2	84	E
89	89	POW-T	Power Corp. of Canada Sv	71.15	3.29%	28.8	46	9.4	84.2	E
90	90	NWC-T	The North West Company Inc.	49.21	3.28%	42.4	28.4	13.6	84.4	E
91	91	TVK-T	Terravest Capital Inc.	126.88	0.56%	25.6	36	23.8	85.4	E
92	92	GIB-A-T	CGI Group Inc. Class A Sv	124.47	0.48%	55.6	18.4	11.8	85.8	E
93	93	TOU-T	Tourmaline Oil Corp.	64.32	2.93%	62	10	14.2	86.2	E
94	94	EFN-T	Element Fleet Management Corp.	37.23	1.40%	7.2	59.6	19.8	86.6	E
95	95	CHP-UN-T	Choice Properties REIT	15.22	5.26%	49.2	32	6	87.2	E
96	96	WCN-T	Waste Connections Inc.	248.11	0.79%	17.2	42.8	27.4	87.4	E
97	97	TFPM-T	Triple Flag Precious Metals Corp.	46.88	0.66%	60	3.6	24	87.6	E
98	98	ONEX-T	Onex Corp.	111.3	0.36%	50.4	34	5	89.4	E
99	99	TD-T	Toronto-Dominion Bank	117.65	3.34%	33.2	54.4	2.4	90	E
100	100	OTEX-T	Open Text Corp.	47.05	3.19%	24.8	52.4	13.4	90.6	E
	Rank	Symbol	Name	Price (Nov. 30, 2025)	Trailing Dividend Yield	Yield Weighted Score	Stability Weighted Score	Valuation Weighted Score	Total Score	Grade

Rankings

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About Michael McCullough

Michael is a financial writer and editor in Duncan, B.C. He’s a former managing editor of Canadian Business and editorial director of Canada Wide Media. He also writes for The Globe and Mail and BCBusiness.

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About Aman Raina, MBA

Aman Raina is an Investment Coach at Sage Investors and the founder of Aging Parent Finances. He teaches and guides people how to make more successful investment decisions so that they can achieve financial freedom with confidence.

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Comments Cancel reply

terence (terry) olsen says:

February 5, 2025 at 10:13 pm

I don’t understand why your number 1 pick would have such a low stability score.

Reply
Catharine Ho says:

February 12, 2025 at 10:39 pm

Why would the number one pick get an A rating with a score of 10 and a low stability score? Your metrics are confusing .

Reply
1. MoneySense Editors says:
  
  February 21, 2025 at 11:46 am
  
  Hi Catharine,
  
  For the each factor (Dividend, Stability, and Valuation), the companies were ranked according to a set of criteria where their ranking would represent the score and was adjusted by the weighting given to each factor. The weighted scores were added up to give an overall score and were re-ranked accordingly. The logic being highest ranked companies will rank high and score high in the 3 weighted factors.
  
  The Stability factor ranked companies by lowest debt levels and other operating criteria, so higher ranked companies will have lower debt levels. In the case of Labrador’s top ranking, it had in this case ranking of 2 in Stability factor implying that it rated among the “highest” and most stable companies in the list.
  
  Reply
Jean-Louis Lamontagne says:

February 19, 2025 at 4:40 pm

I also do not understand your rating formula.
For example LIF-T you rate as an A, and as your No. 1. Stock analysis provided by Thompson Reuters and Morningstar via TD Webbroker does not rate this stock very favorably.
Could you provide more detailed explanation on your ratings.
I am looking for information I can relay on

Reply
Neil Doherty says:

February 24, 2025 at 3:14 pm

Can anyone give me there thoughts on Guardian Global Dividend Growth Fund Series WF Fund Code GCG570F please and thank you

Reply
V Reinberg says:

March 4, 2025 at 2:17 pm

Thanks for the keep your heads down and do the work research here. A bounty of data! I don’t see Enbridge. Why? I bought at CAD $51 two years ago and now in 2025 it hops, skips and jumps around $60. And the dividend is solid currently at 6.25%
I am also wondering why I see dividend percentages on your list different than what I’m actually getting? ie: Lif-T you show 9.07% and my BMO Investorline shows 10.13%. Should there be an ‘As of…” date here on top of the list?

Reply
1. MoneySense Editors says:
  
  March 7, 2025 at 9:12 am
  
  Hi, Thanks for your question. You can find details of our methodology here: https://www.moneysense.ca/save/investing/stocks/dividend-all-stars-methodology/
  The stock prices shown are as of Nov. 29, 2024 (fourth column in the table).
  
  Reply