3 Dividend Stocks On The TSX With Yields Up To 7.3%
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Over the last 7 days, the Canadian market has risen 2.8%, and in the last year, it has climbed 14%. With earnings forecasted to grow by 15% annually, investors may find dividend stocks particularly appealing for their potential to provide steady income and capital appreciation.
Top 10 Dividend Stocks In Canada
| Name | Dividend Yield | Dividend Rating |
| Whitecap Resources (TSX:WCP) | 7.22% | ★★★★★★ |
| Secure Energy Services (TSX:SES) | 3.40% | ★★★★★☆ |
| Labrador Iron Ore Royalty (TSX:LIF) | 8.40% | ★★★★★☆ |
| Enghouse Systems (TSX:ENGH) | 3.37% | ★★★★★☆ |
| Canadian Natural Resources (TSX:CNQ) | 4.78% | ★★★★★☆ |
| Russel Metals (TSX:RUS) | 4.34% | ★★★★★☆ |
| iA Financial (TSX:IAG) | 3.10% | ★★★★★☆ |
| Firm Capital Mortgage Investment (TSX:FC) | 8.53% | ★★★★★☆ |
| Sun Life Financial (TSX:SLF) | 4.22% | ★★★★★☆ |
| Royal Bank of Canada (TSX:RY) | 3.39% | ★★★★★☆ |
Click here to see the full list of 32 stocks from our Top TSX Dividend Stocks screener.
We'll examine a selection from our screener results.
Bank of Montreal
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Bank of Montreal provides diversified financial services primarily in North America and has a market cap of approximately CA$84.82 billion.
Operations: Bank of Montreal generates revenue through several key segments, including Canadian Personal and Commercial Banking (CA$10.20 billion), U.S. Personal and Commercial Banking (CA$8.89 billion), BMO Wealth Management (CA$7.61 billion), and BMO Capital Markets (CA$6.47 billion).
Dividend Yield: 5.3%
Bank of Montreal offers a stable dividend, currently yielding 5.26%, with a payout ratio of 69.5%, indicating dividends are well-covered by earnings. The bank's recent fixed-income offerings, including $1.1 billion in variable rate notes and multiple senior unsecured notes, reflect its robust capital management strategy. Despite trading at 42% below estimated fair value, BMO maintains reliable dividend payments and has consistently increased dividends over the past decade, making it an attractive option for income-focused investors.
Secure Energy Services
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Secure Energy Services Inc. operates in waste management and energy infrastructure across Canada and the United States, with a market cap of CA$2.79 billion.
Operations: Secure Energy Services Inc.'s revenue segments consist of CA$8.61 billion from Energy Infrastructure and CA$1.13 billion from Environmental Waste Management (EWM).