Regarding their stock, the current market value is $48.49, and their yearly range is $25.79-$48.60. The market capitalization of this stock is $10.39 billion, and the average volume is $473.80K. The P\/E ratio is 13.95, and the dividend yield is 2.47%.<\/p>\n\n\n\n
Brookfield Asset Management (BEPC)<\/h3>\n\n\n\n
Brookfield Asset Management<\/a> specializes in alternative asset management and is headquartered in New York. They currently have over $1 trillion in assets under management and focus on infrastructure, renewable energy, transition, private equity, real estate and credit. <\/p>\n\n\n\n In terms of the stock, on the Toronto Stock Exchange, it has a current market value of $36.32, with a yearly range of $27.72\u2013$45.18. The market cap is $6.624 billion, and the average volume is 1,495,158. This stock has no P\/E ratio but has a forward dividend and yield of 4.29%. <\/p>\n\n\n\n Located in Vancouver, Canada, Finning International. <\/a>Inc. is an industrial equipment dealer specializing in Caterpillar heavy equipment. They are involved in the sale, rental, and parts and service of the equipment. <\/p>\n\n\n\n In terms of their stock, the current market value is $102.24, and the yearly range is $47.38 \u2013 $106.15. The market cap is $13.35 billion, and the average volume is $382.63K. It has a P\/E ratio of 20.12 and a dividend yield of 1.27%.<\/p>\n\n\n\n As one of the largest communications companies in the world, it\u2019s no surprise that Rogers Communications<\/a> is on this list. Since they recently acquired Shaw, they have gotten even larger. They offer cell services, home internet, cable, and more. <\/p>\n\n\n\n In terms of their stock, their current market value on the Toronto Stock Exchange is $48.58, and their yearly range is $35.40 \u2013 $56.27. The market cap is $26.30 billion, and the average volume is $2.15 million. The P\/E ratio is 3.74, and the dividend yield is 4.12%. <\/p>\n\n\n\n Headquartered in Calgary, Alberta, Birchcliff Energy<\/a> is an intermediate oil and gas company. They not only explore for oil and gas but are also involved in the development and production processes. Not only can you purchase their stock, but they\u2019re also involved in the S&P\/TSX Composite Index. <\/p>\n\n\n\n Currently, the market value is $6.59, and the yearly range is $5.68 \u2013 $8.19. The market capitalization of this stock is $1.82 billion, and the average volume is $1.72 million. The P\/E ratio is 26.53, and the dividend yield is 1.82%. <\/p>\n\n\n\n Peyto Exploration & Development Corporation<\/a> is based in Alberta, Canada, and is known as an explorer and producer of unconventional natural gas in Alberta\u2019s deep basin. They focus on cost structure and profitability, which separates them from other companies in the same industry. They\u2019ve also been around for a while, since they were founded in 1997.<\/p>\n\n\n\n Currently, the market value of this stock is $26.79, and the year range is $17.92 \u2013 $29.22. The market cap of this stock is $5.49 billion, and the average volume is $878.48K. The P\/E ratio is 11.48, and the dividend yield is 5.38%. <\/p>\n\n\n\n Another great dividend stock is Richelieu Hardware<\/a>. This company operates in both Canada and the US and sells a wide variety of hardware. They also see their own name-brand products, which are available in other stores as well. They were founded in 1968 and have 104 distribution centers throughout Canada and the US. <\/p>\n\n\n\n In terms of their stock, the current market value is $38.82, and the year range is $38.37 – $39.22. The market cap is $2.13 billion, and the average volume is $90.79k. The P\/E ratio is 2,4.87, and the dividend yield is 1.61%.<\/p>\n\n\n\n Northland Power<\/a> Corporation is a Canadian power producer. It was founded in 1987 and is headquartered in Toronto. They develop, own and operate a wide range of different energy infrastructure assets. <\/p>\n\n\n\n In terms of their stock, the current market value is $22.98, and the year range is $22.51 \u2013 $22.99. The market cap is $6.01 billion, and the average volume is $1.10 million. The dividend yield is 3.13%.<\/p>\n\n\n\n Another company on this list, also involved in the mining industry, is Centerra Gold<\/a>. They currently operate two different gold mining operations, one of which is located in Canada. They were founded in 2002 and employ over 1,400 people. <\/p>\n\n\n\n In terms of their stock, the current market value is $23.50, and the year range is $8.88 \u2013 $28.97. The market cap is $4.69 billion, and the average volume is 780.25K. The P\/E ratio is 5.51, and the dividend yield is 1.19%. <\/p>\n\n\n\n While we have gone over some of the top Canadian dividend stocks, certain quality stocks fall into certain categories. Let\u2019s take a look at some of these stocks and which are some of the best stock picks in each category. <\/p>\n\n\n\n While it isn\u2019t listed here, one of the best monthly dividend stocks and overall top dividend stocks is Exchange Income Corp (EIF). Their current market value is $106.74, and the yearly range is $55.98 \u2013 $111.oo. The market cap is $6.01 billion, and the average volume is $145.44 K. The P\/E ratio is 31.78, and the dividend yield is 2.59%.<\/p>\n\n\n\n Because market conditions are always changing, stocks that were once 7.9 are no longer 7.9. The Canadian stock that hovers around 7.9 is Atrium Mortgage Investment Corp. They have a current dividend yield of 7.95%. The current market value of their stock is $11.70, and the year range is $10.99 to $12.36. The market cap is $535.20 million, and the average volume is $ 110.14 K. The P\/E ratio is 11.37.<\/p>\n\n\n\n Highest Paying Dividend Stock<\/p>\n\n\n\n One of the current highest-paying dividend stocks that is popular among Canadian investors is Centerra Gold, which we\u2019ve already covered. This is one of the best stocks for investors to earn income without selling. <\/p>\n\n\n\n One of the many ways investors invest in dividend stocks is through Tax-Free Savings Accounts. Two of the most popular right now are Alaris Equity Partners Income Trust (AD.UN<\/a>) and Granite REIT (GRT.UN<\/a>). Both have decent dividends and are relatively affordable. <\/p>\n\n\n\n One of the best long-term Canadian dividend stocks is the Royal Bank of Canada. However, with that in mind, there are plenty of other options available for long-term stocks. Here are just a few:<\/p>\n\n\n\n While a good number of stocks that we\u2019ve gone over are under $20, not all of them are. Also, we haven\u2019t gone over all the good dividend stocks trading under $20. Here are a few more we can add to the list that are affordable and have a proven track record. <\/p>\n\n\n\n Telus is a large company based in Vancouver,, BC. The dividend yield is 9.97%, which is considered a high yield, and they have a market cap of $26.22 Billion. The average volume is 7.30 million. The current price of their stock is $16.79.<\/p>\n\n\n\n BCE Inc., more commonly known as Bell Communications Inc., is a telecommunications and media company. With the BCE preferred series shar,e R, the dividend yield is 8.09% with a share price of $21.62. This company has a market capitalization of 30.51 billion and an average volume of 5.46K. <\/p>\n\n\n\n A Dividend Reinvestment Plan, also known as a DRIP, is an automated program that uses either cash dividends or distributions that you get from your stocks or ETFs to purchase shares in the same company or fund. The idea is to build wealth through compound interest and dollar-cost averaging, without paying any trading commissions. <\/p>\n\n\n\n Depending on the type of dividend that you receive, you\u2019re going to be taxed differently. This has a lot to do with the source of these dividends. Eligible dividends come from large public companies and private businesses, meaning that you get a higher dividend tax credit. Non-eligible dividends are paid by small Canadian-controlled private corporations. <\/p>\n\n\n\n With eligible dividends, the income is taxed at the general corporate rates and with non-eligible dividends, the income benefits from small business deductions. The gross-up rate for eligible dividends is 28%, while it\u2019s only 15% for non-eligible dividends. <\/p>\n\n\n\n When it comes to dividend payout ratios, the safe range is between 30-60% of the company\u2019s net income or cash flow. This is considered the safe range because it can both return cash to shareholders and fund future growth. It can also handle economic downturns and maintain the dividend even when times are difficult. <\/p>\n\n\n\n The danger zone for payout ratios is 80% or higher. This ratio leaves very little room for error. Any earnings drops can force dividend cuts. <\/p>\n\n\n\n When it comes to dividends, there are 3 key dates you need to know about. These are ex-dividend dates, record dates and payment dates. Here\u2019s how they work.<\/p>\n\n\n\n Ex-Dividend Date: <\/strong>The cut-off date used to determine who will receive dividend shares. If you purchase dividend-paying Canadian stocks on or after their ex-dividend date, then you won\u2019t receive any. <\/p>\n\n\n\n Record Date:<\/strong> The day the company prepares the official list of shareholders on its books. If you\u2019re officially on the books by the end of the business day, then you\u2019ll be able to receive dividends from Canadian dividend payers. <\/p>\n\n\n\n Payment Date: <\/strong>The day dividend funds are paid. These are either deposited into brokerage accounts or mailed out via cheque. <\/p>\n\n\n\n When stock prices fall, the dividend yields automatically increase. The reason is that the dividend yield is calculated by dividing the annual dividend per share by the current stock price. When you\u2019re purchasing a stock, it\u2019s important to pay attention to this relationship. <\/p>\n\n\n\n A high dividend yield can be appealing to investors, but when the stock is usually plummeting, it can actually signal that the company is in financial trouble. When this happens, the company can be forced to reduce their dividends, which can cause the dividend yield to drop. <\/p>\n\n\n\n While the CRA doesn\u2019t tax anything earned in a TFSA, the US doesn\u2019t have the same policy. In the US, a TFSA isn\u2019t recognized as a retirement account, so dividends from US stocks and ETFs are subject to a 15% non-recoverable US withholding tax. This amount is automatically deducted before the funds even hit your account. <\/p>\n\n\n\n While you normally could claim a foreign tax credit on your Canadian income tax return to recover the 15%, you can\u2019t because the funds were held in a tax-sheltered account. However, if you do sell a US stock that was being held in a TFSA, then you won\u2019t have to pay anything because the US doesn\u2019t tax capital gains from non-resident investors. <\/p>\n\n\n\n Covered call ETFs and dividend stocks work differently, making them ideal options for diversification and income stability in your portfolio. Covered call ETFs are designed to potentially produce monster returns quickly, while dividends focus on compounding long-term growth. <\/p>\n\n\n\n Some other things to mention are that covered call funds generate income by selling option premiums, and ETFs have slower capital growth than dividend stocks. In terms of taxes, you usually get a mix of regular dividends, capital gains or Return of Capital, making them more tax efficient. <\/p>\n\n\n\n Whether you receive your dividend stocks monthly or quarterly, the total amount you\u2019re going to receive will be the same. The only difference is when they\u2019re paid. With a quarterly dividend stock, you receive funds 4 times per year, while a monthly dividend stock pays 12 times per year. <\/p>\n\n\n\n As we mentioned before, high dividend yields can be tricky, especially if they’re above 5-7%. This can be a red flag that the company is in trouble. This is because a plummet in stock prices can show a yield spike. It\u2019s commonly referred to as a sucker yield and doesn\u2019t indicate that the stock will pay out well. <\/p>\n\n\n\n The reason that some of the top dividend ETFs are popular is that they provide dividend sustainability and free cash flow. The performance is also better because there is already diversification within the ETF. You don\u2019t have to worry about trading to increase your total returns, because the fund already contains strong fundamentals.\u00a0<\/p>\n\n\n\n When you have individual stocks, instead, you may have higher potential revenue and total portfolio control, but it is much riskier. Research on how these dividend stocks performed and forward dividend yields is important, since more of your capital is going to be concentrated. Ultimately, individual stocks carry a much higher risk. <\/p>\n\n\n\n The top Canadian dividend aristocrats are companies that are listed on the S&P\/TSX and have raised their dividend payouts (dividend increases) for at least 5 years in a row. Some of the most well-known on this list include:<\/p>\n\n\n\n <\/p>\n","protected":false},"excerpt":{"rendered":" For those who choose to invest in the stock market, whether that\u2019s just in Canada or all over the world, there are plenty of different types of stocks to choose from. However, many of those who do choose to diversify their portfolio and increase their cash flow with dividend stocks. These types of stocks distribute funds to shareholders on a monthly, quarterly, or semi-annual basis.<\/p>\n","protected":false},"author":23,"featured_media":4859,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[57],"tags":[],"class_list":["post-15625","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-save-invest"],"acf":[],"yoast_head":"\nFinning International (FTT)<\/h3>\n\n\n\n
Rogers Communications (RCI.B)<\/h3>\n\n\n\n
Birchcliff Energy (BIR)<\/h3>\n\n\n\n
Peyto Exploration & Development (PEY)<\/h3>\n\n\n\n
Richelieu Hardware (RCH)<\/h3>\n\n\n\n
Northland Power (NPI)<\/h3>\n\n\n\n
Centerra Gold (CG)<\/h3>\n\n\n\n
Breakdown of Best Dividend Stocks<\/h2>\n\n\n\n
Best Monthly Dividend Stock<\/h3>\n\n\n\n
7.9 Dividend Stock<\/h3>\n\n\n\n
![](\"https:\/\/springfinancial.ca\/wp-content\/uploads\/2026\/03\/BlogBanner.png\")
<\/a><\/p>\n\n\n\nBest TFSA Stock<\/h3>\n\n\n\n
Best Long-Term Canadian Stock<\/h3>\n\n\n\n
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Best Canadian Dividend Stocks Under $20<\/h3>\n\n\n\n
Telus Corp TSE: T<\/h4>\n\n\n\n
BCE Inc (BCE.R)<\/h4>\n\n\n\n
Dividend Reinvestment Plans in Canada Explained<\/h2>\n\n\n\n
The Tax Differences Between Eligible and Non-Eligible Dividends<\/h2>\n\n\n\n
Safe Dividend Payout Ratios<\/h2>\n\n\n\n
Ex-Dividend Dates, Record Dates and Payment Dates<\/h2>\n\n\n\n
How Dividend Yields Change When Stock Prices Fall<\/h2>\n\n\n\n
Tax Implications of Holding US Dividend Stocks in a TFSA<\/h2>\n\n\n\n
Covered Call ETFs Vs Dividend Stocks<\/h2>\n\n\n\n
Dividend Stock: Monthly Vs Quarterly<\/h2>\n\n\n\n
High Yields in Dividend Stocks That Signal Trouble<\/h2>\n\n\n\n
Top Dividend ETFs Vs Picking Individual Stocks<\/h2>\n\n\n\n
Best Canadian Dividend Aristocrats List for 2026<\/h2>\n\n\n\n
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