Top TSX Dividend Stocks To Watch In September 2024
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Over the last 7 days, the Canadian market has remained flat, but it is up 21% over the past year with earnings forecast to grow by 15% annually. In this promising environment, identifying strong dividend stocks can provide both income and potential for capital appreciation.
Top 10 Dividend Stocks In Canada
| Name | Dividend Yield | Dividend Rating |
| Whitecap Resources (TSX:WCP) | 7.32% | ★★★★★★ |
| Secure Energy Services (TSX:SES) | 3.31% | ★★★★★☆ |
| Labrador Iron Ore Royalty (TSX:LIF) | 7.84% | ★★★★★☆ |
| Power Corporation of Canada (TSX:POW) | 5.30% | ★★★★★☆ |
| Enghouse Systems (TSX:ENGH) | 3.12% | ★★★★★☆ |
| Canadian Natural Resources (TSX:CNQ) | 4.68% | ★★★★★☆ |
| Firm Capital Mortgage Investment (TSX:FC) | 8.53% | ★★★★★☆ |
| Russel Metals (TSX:RUS) | 4.10% | ★★★★★☆ |
| Royal Bank of Canada (TSX:RY) | 3.38% | ★★★★★☆ |
| Sun Life Financial (TSX:SLF) | 4.14% | ★★★★★☆ |
Click here to see the full list of 31 stocks from our Top TSX Dividend Stocks screener.
Underneath we present a selection of stocks filtered out by our screen.
National Bank of Canada
Simply Wall St Dividend Rating: ★★★★★☆
Overview: National Bank of Canada offers financial services to individuals, businesses, institutional clients, and governments both domestically and internationally, with a market cap of CA$43.15 billion.
Operations: National Bank of Canada's revenue segments include CA$2.70 billion from Wealth Management, CA$4.41 billion from Personal and Commercial services, CA$2.96 billion from Financial Markets (excluding USSF&I), and CA$1.21 billion from U.S. Specialty Finance and International operations.
Dividend Yield: 3.5%
National Bank of Canada offers a stable and reliable dividend, currently at $1.10 per common share for the quarter ending October 31, 2024. With a payout ratio of 41%, dividends are well-covered by earnings, ensuring sustainability. Despite recent fluctuations in net interest income, net income has shown growth with CAD 1.03 billion reported for Q3 2024. The bank's consistent dividend payments over the past decade further enhance its appeal to dividend investors seeking stability in their portfolios.
Power Corporation of Canada
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Power Corporation of Canada, an international management and holding company with a market cap of CA$27.24 billion, provides financial services across North America, Europe, and Asia.
Operations: Power Corporation of Canada's revenue segments include Lifeco at CA$26.23 billion, Power Financial - IGM at CA$3.65 billion, Holding Company at CA$83 million, and Alternative Asset Investment Platforms and Other at CA$1.69 billion.