Top 150+ Dividend Stocks In Canada – Complete List (2021)

In this article, let’s take a look at the top 150+ Canadian dividend stocks in 2020.

If you ask me, I’ll recommend every investor/investment portfolio to have a couple of high paying but stable dividend stocks (blue chips of course).

Especially if you plan on investing in the blue-chip companies for the long term, your dividends will increase over time. That’s the usual norm. 

In this list I have mentioned below, the dividend stocks are ranked by the dividend yield (percentage/s) from high to low.

Also, remember to always invest in dividend stocks in your TFSA’s and RRSP. Your dividends are tax-free and there is no annual cap or capital gains you need to pay tax on 

Why Invest In Canadian Dividend Stocks? 

Dividend income is free money at the end of the month or quarterly right? Who doesn’t want that? 

Even the best companies in the world such as Apple and Microsoft payout regular increasing dividends every quarter. 

With dividend income, you’ll get that extra monthly, quarterly or annual payments – which you can re-invest to buy more stocks of the same company or others and thus grow your investment value over time. 

If not, enjoy the dividends you get or use them for your monthly expenses, saving a part of your salary towards bills. It’s a win-win either way. 

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

  • Dividend Yield is more than 0% (I’m considering all the stocks with market cap>$500M)

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

Top 150 Dividend Stocks In Canada

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Value For Money

5.0/5

Benefits

5.0/5

Rewards

5.0/5