8 High-Dividend Stocks in Canada in 2026

Looking to earn investment income with high-dividend stocks? We’ve rounded up a list of Canadian stocks with high-yield dividends to help you narrow down your choices. While the outcome of investing in dividend stocks is never guaranteed, these companies have a history of paying and regularly increasing their payouts to investors.

Summary: 8 High-dividend stocks in Canada

Here’s a quick view of some of the best Canadian dividend stocks, but you can get more details below.

Stock name	Dividend yield (indicated)	Market cap	YTD performance	Buy on Questrade
Enbridge (ENB.TO)	5.61%	C$153.4 billion	62.64%	Buy now
Brookfield Renewable Partners L-P (BEP-UN.TO)	5.06%	C$30.0 billion	-22.1%	Buy now
Gibson Energy (GEI.TO)	5.73%	C$5.4 billion	52.6%	Buy now
Emera (EMA.TO)	4.12%	C$22.1 billion	26.28%	Buy now
Pembina Pipeline (PPL.TO)	4.31%	C$39.6 billion	133.36%	Buy now
Capital Power Corporation (CPX.TO)	4.37%	C$10.0 billion	82.03%	Buy now
Keyera (KEY.TO)	4.11%	C$16.3 billion	124.18%	Buy now
TC Energy (TRP.TO)	3.94%	C$92.8 billion	68.47%	Buy now

These table values are accurate as of the market close on November 5, 2026, or the most recent data available.

Breakdown of each Canadian high-yield dividend stock

We’ve outlined company and performance details for each dividend stock below. Keep reading to decide if any of these companies are the right investment for you.

When choosing high-yield dividend stocks, we looked for companies listed on the TSX for at least 10 years with dividend yields of 4% or higher and market capitalizations of at least $5 billion CAD. This filters out small-cap and startup stocks. We prioritized companies that have shown a consistent history of increasing, rather than cutting or flatlining, dividends in recent years.

Bear in mind that this is not a “best” list or a recommendation. It highlights some dividend stocks for informational purposes only and is not intended to be used as investment advice. We do not guarantee any past or future investment performance.

What you should know before buying the best dividend stocks in Canada

There’s no single winning strategy to finding what experts might call the best Canadian dividend stocks, because the most important considerations are your own goals and circumstances.

Whether you care more about short-term capital gains or long-term dividend growth, it’s important to know what risk you’re comfortable with and whether a stock is performing well, making a profit, paying dividends or losing value. Past performance does not guarantee future results.

Investments can increase and decrease in value. Do your own research, and speak with an investment professional if in doubt.

How to choose the best dividend stocks

Finding the best Canadian dividend stocks isn’t simply about finding stocks with the highest dividend yield.

The dividend yield is a company’s annual dividends as a percentage of its current share price. So, if Company X pays $3.00 per share annually in dividends and its current share price is $100, its yield is 3%.

Changing the payout or share price will impact the yield, and a particularly high yield may indicate a drop in share price because of an unfavourable event. For example, if the share price drops to $90, the yield would rise to 3.33%.

Beyond the dividend yield, you should also consider:

• A history of increases. Ideally, your investment income should keep pace with (or get ahead of) inflation, so look for companies with a track record of increasing their payouts to investors. Cutting payouts could mean a company is under financial strain or entering a period of change.
• Dividend tax credit eligibility. Federal and provincial dividend tax credits may be available for Canadian dividends reported on your tax return. Foreign dividends and most REIT payouts are not eligible, so speak with a tax professional to find out how the rules apply to your situation.
• Overall stock performance. Stocks with growing dividends and rising share prices may present better prospects than stocks with high, but flat, dividends. Look at the bigger picture when comparing investments, rather than hyper-focusing on one or two metrics.

FAQs about the best Canadian dividend stocks

• Where do I buy the best dividend stocks in Canada?

  To buy the best Canadian dividend stocks, you'll need to open an investment account with a broker. Canada's Big Banks offer online investment platforms such as CIBC Investor's Edge and Scotia iTRADE. But you can also open an account with other online brokers like Wealthsimple, Qtrade and Interactive Brokers.

  Best online stock trading platforms in Canada

• What indices track the best dividend stocks in Canada?

  Popular indices for tracking Canadian dividend stocks include the following:

  • S&P/TSX Composite High Dividend Index. Tracks 50-75 dividend stocks from the S&P/TSX Composite Index.
  • S&P/TSX Canadian Dividend Aristocrats Index. Tracks stocks in the S&P Canada BMI that have shown stable or increased annual dividends for at least five years.
  • Morningstar Canada Dividend Yield Focus Index. Tracks a subset of high-quality, dividend-paying stocks from the Morningstar Canada Index.

• How do I find the best Canadian dividend ETF?

  One way to find and invest in the best Canadian dividend ETF is to buy shares of exchange traded funds (ETFs) that hold high-performing Canadian dividend stocks. Popular ETFs that track dividend stocks in Canada include the following:

  • VDY Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY)
  • iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ)
  • CI Canadian Dividend Index ETF (PDC)
  • BMO Canadian Dividend ETF (ZDV)

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