Canada’s best dividend stocks for 2023 + MORE Apr 28th

How to go about securing the best return for your investment in Canada.
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From RRSP to RRIF—managing your investments in retirement Nov 14th

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The best GIC rates in Canada for 2024 + MORE Aug 19th

GIC comparison tool Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance. Why trust us MoneySense is an award-winning magazine, helping Canadians navigat.... More »

What kids and teens will learn from Ontario’s expanded financial literacy education Jul 23rd

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Poilievre, Singh call on Carney to publicly disclose assets, possible conflicts - National Post + MORE Mar 20th

Poilievre, Singh call on Carney to publicly disclose assets, possible conflicts  National PostI want a successful, well-travelled, well connected prime minister  Toronto StarOpinion: The modern kings of politics need not be questioned  The Globe and MailNew PM Carney an.... More »
Top 100 dividend stocks of 2023

Overview
Top 100 Dividend Stocks
Past Performance
Methodology

Top 100 dividend stocks in Canada

To view all the data in the table, slide the columns right or left using your fingers or mouse. You can filter or rearrange the rankings by using the search tool or clicking on column headings. You can also download the data to your device in Excel, CSV and PDF formats.

2023’s best dividend stocks ranked

wdt_ID Rank Symbol Company Stability score Dividend score Valuation score Total score

1
1
CNQ-T
Canadian Natural Resources Ltd.
1…

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Canada’s best dividend stocks for 2023

Overview
Top 100 Dividend Stocks
Past Performance
Methodology

The year 2023 couldn’t have arrived fast enough for Canadian investors, as 2022 was downright nasty for investing. There was nowhere to hide. No safe havens. We know stocks have ups and downs, but bonds are supposed to be reliable and offer stability, especially during rough times. But last year, they behaved almost stock-like, posting once-in-a-generation double-digit losses in 2022. Many Canadian investors expected cryptocurrencies to have their moment in the spotlight. Unfortunately, they were still not ready for prime time. We’ve witnessed how the response to a global pandemic can affect inflation and interest rates, and what it can do to asset prices. What does that mean for Canadian investors looking for stocks that pay?

The best dividend stocks for 2023: Can we look to last year’s best-paying stocks? 

After coming through what felt like the Red Wedding of 2022, to liken it to a Game of Thrones plot, this year many investors would be inclined to patiently cash out of the markets, but inflation is eroding purchasing power for Canadians, and putting their savings in a basic savings account will put them even further behind…

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Canada’s best dividends 2023: How we chose the winners

Overview
Top 100 Dividend Stocks
Past Performance
Methodology

Our evaluation encompassed all of the dividend-paying stocks within the S&P/TSX Composite Index. We recognize that limiting our focus to this group means not capturing some other great Canadian companies, but we wanted to ensure we’re targeting the comparatively larger and more liquid stocks. To make the cut for our list of best dividend stocks, we believe a company must possess three important characteristics: It has to offer an attractive and growing dividend yield, generate a meaningful stream of cash flow (so it can pay out the dividends) and be reasonably priced.

Researching Canada’s best dividend stocks for 2023

Our process to find stocks with these three ingredients sounds simple, but there was a fair bit of data to go through…

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