The Canadian market has been flat over the last week but has seen a significant 23% increase over the past year, with earnings forecasted to grow by 16% annually. In this context, dividend stocks that offer stable returns and attractive yields can be appealing for investors seeking income and potential growth in a thriving market environment.
|
Name |
Dividend Yield |
Dividend Rating |
|
Whitecap Resources (TSX:WCP) |
7.36% |
★★★★★★ |
|
Acadian Timber (TSX:ADN) |
6.44% |
★★★★★★ |
|
Canadian Imperial Bank of Commerce (TSX:CM) |
4.11% |
★★★★★☆ |
|
Canadian Natural Resources (TSX:CNQ) |
4.60% |
★★★★★☆ |
|
Royal Bank of Canada (TSX:RY) |
3.32% |
★★★★★☆ |
|
Power Corporation of Canada (TSX:POW) |
4.75% |
★★★★★☆ |
|
Russel Metals (TSX:RUS) |
3.70% |
★★★★★☆ |
|
Enghouse Systems (TSX:ENGH) |
3.32% |
★★★★★☆ |
|
Firm Capital Mortgage Investment (TSX:FC) |
8.67% |
★★★★★☆ |
|
Sun Life Financial (TSX:SLF) |
3.82% |
★★★★★☆ |
Click here to see the full list of 28 stocks from our Top TSX Dividend Stocks screener.
Let’s uncover some gems from our specialized screener.
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Enghouse Systems Limited, along with its subsidiaries, develops enterprise software solutions globally and has a market cap of CA$1.73 billion.
Operations: Enghouse Systems Limited generates revenue through its Asset Management Group, which contributed CA$187.17 million, and its Interactive Management Group, which added CA$312.77 million.
Dividend Yield: 3.3%
Enghouse Systems offers a reliable dividend yield of 3.32%, which, while lower than the top 25% in Canada, remains stable and well-covered by both earnings (payout ratio: 66%) and cash flows (cash payout ratio: 45.4%). The company has consistently increased its dividends over the past decade with minimal volatility. Recent executive changes include President Vince Mifsud’s resignation, with responsibilities transitioning to CEO Steve Sadler by December 2024.
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Leon’s Furniture Limited, along with its subsidiaries, operates as a retailer of home furnishings, mattresses, appliances, and electronics in Canada with a market cap of CA$1.79 billion.
Operations: Leon’s Furniture Limited generates revenue of CA$2.52 billion from the sale of home furnishings, mattresses, appliances, and electronics in Canada.
Dividend Yield: 3.1%
Leon’s Furniture’s dividend, currently at C$0.20 per share with a yield of 3.05%, is lower than the top Canadian dividend payers but remains well-covered by earnings and cash flows, with payout ratios of 38.2% and 23.7% respectively. Despite past volatility, dividends have grown over the last decade. Recent earnings showed a decrease in net income to C$36.86 million for Q3 2024 compared to the previous year, reflecting potential challenges ahead.
