Top 100 dividend stocks in Canada 2025 + MORE Jan 23rd

Overview
Top 100 Dividend Stocks
Past Performance
Methodology

Best Dividends in Canada Table of Contents

Top 100 Dividend Stocks

Past Performance

Methodology

There will always be critics as well as devotees of dividend investing. So far this decade, the detractors have mostly had the upper hand. Through the COVID-19 pandemic and in its inflation-fueled aftermath, dividend payers badly trailed the performance of growth stocks, especially those in the technology sector.

Last year, though, dividend stocks returned to form. The S&P/TSX Composite Dividend Index, a cap-weighted measure of all the 170-odd dividend-paying stocks in the S&P/TSX Composite, put up a total return of 19.84% in 2024. The S&P/TSX Dividend Aristocrats Index, which holds the 92 stocks that maintained or raised their dividends in each of the past five years, posted a return of 20…

Overview
Top 100 Dividend Stocks
Past Performance
Methodology

Best Dividends in Canada Table of Contents

Overview

Top 100 Dividend Stocks

Methodology

Of course, we don’t know how our Dividend All-Stars are going to perform over the course of 2025 and beyond. Nobody does. That’s the risk of investing with stocks. But we’ve been building a track record since 2008 with returns we can be proud of with our Best Dividend Stocks, using essentially the same methodology.

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Overview
Top 100 Dividend Stocks
Past Performance
Methodology

Best Dividends in Canada Table of Contents

Overview

Top 100 Dividend Stocks

Past Performance

To compile this list of Canada’s best dividend stocks, we began with the S&P/TSX Composite Index of 221 companies. These stocks are generally the largest and most liquid in Canada. Then, we excluded the issuers that don’t pay a dividend, narrowing our list to 168 stocks. 

To each of these, we awarded three scores based on publicly available data: 

The yield score reflects both the current dividend yield and the growth of the dividend over the past five years. 

The stability score takes into account the companies’ debt-to-equity ratio, return on equity, five-year earnings growth, and ratio of earnings per share to dividends…

Overview
Top 100 Dividend Stocks
Past Performance
Methodology

Best Dividends in Canada Table of Contents

OverviewPast PerformanceMethodology

The best dividend stocks in Canada

In coming up with MoneySense’s annual list of Best Dividend Stocks, we make a few assumptions about what Canadian investors are looking for. First of all, you want dividends that are ample, sustainable and won’t get cut. A dividend increase every now and then would be nice, though we’ll look beyond the snobby dividend “aristocrats” that raise their payout every year without fail. (We prefer to cast our net across a wider and deeper pool.) To this end, we scan for stocks that have been consistently growing their earnings and raising dividends in recent years and have payout ratios with some wiggle room.

Second, you likely want stocks that are poised to rise in price…