Top 150+ Dividend Stocks In Canada – Complete List With Dividend Percentages (2020)

In this article, let’s take a look at the list of over 100+ Canadian Dividend Stocks List for 2020. I’ve first tabulated the list of stocks and then detailed 14 of the best for your investments. 

Every portfolio needs to have a couple of high paying but stable dividend stocks. Especially if you plan on investing in the blue chip companies, your dividends will increase over time. That’s the usual norm. 

Also, note that – Dividend stocks are ranked by dividend yield (percentage) from high to low to complete the list.

Why Invest In Dividend Stocks? 

There are two main categories what you can look for when investing in the Stock Market

1. Investing In Growth Stocks

2. or Invest In Dividend Stocks

What If we want a combination of both Growth + Good Dividend?

That’s the power combo I want to talk about here. 

Look now don’t get me wrong here – Growth stocks are great as well. 

Simply put, Investing in good growth stocks with 0 Dividend is good as well. But that’s not what I want to discuss here.

There are some of the best and amazing companies in the Toronto Stock Market which do not pay any dividend but with the profits and share price growth, you may not need dividends at all. 

Also remember, always invest in dividend stocks in your TFSA’s an RRSP. Your dividends are tax-free here. 

First, max those two accounts and then think of the regular investment accounts, where you need to pay tax even on the dividend income you make. 

Why Dividend Stocks? 

Instead, let me put it this way – Why not invest in Dividend Stocks?

You get that extra monthly, quarterly or annual dividend payments – which you may re-invest to buy more stocks in the same company or others and thus grow your investment value over time. 

If not, enjoy with the dividends you get or use it for your monthly expenses, saving a part of your salary towards bills. Its win-win either ways. 

Any TSX stock with descent YOY growth and good dividends (cash flow and reserves), is the best pick. 

Also, having a mixed bag of growth + dividend stocks + ETFs is the best portfolio you can possibly think of. 

Here’s The Parameters Considered For Selecting Dividend Stocks:

  • Market capitalization: is greater than $500 Million

  • Yield is more than  0%

100+ Dividend Stocks List On The Toronto Stock Exchange (TSX)

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Sagar Sridhar

Sagar Sridhar Is a Personal Finance Blogger from Toronto, Canada.He is a Computer Science Engineer by profession and works in IT Industry. What started as a hobby, quickly turned into serious blogging and income.In this blog, Sagar passionately writes articles about Personal Finance, DIY Investing, Retirement, Stocks & ETFs, Frugal Living and much more. Do visit about page to know more about him.If you would like to get in touch, you can do so by emailing him at [email protected] and he'll get back to you at the earliest.

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Catherine Matt
Catherine Matt

Wow! Tahoe Resources Inc.? I knew it will be on the top section of the list. I have been having a wonderful experience with them so far. This is an up-to-date post. Thanks for sharing!

Sophia Madison
Sophia Madison

Thank you so much for bringing this; you wouldn’t know how much it’s impacting my decision right now. Thanks again!