Finder’s list of the best dividend stocks in Canada was updated based on the results of our proprietary ranking system. These 10 best Canadian dividend stocks are starting points for your own research and should not be taken as advice to buy any particular stock.
The best dividend stocks in Canada
Over the past 12 months, the energy and healthcare sectors have risen solidly in Canada, while the communications and technology sectors have dropped. Overall the S&P/TSX Composite High Dividend Index has yielded negative total returns of -4.34% over the past year and positive total returns of 2.65% over the past 5 years.
Here’s a quick view of the best Canadian dividend stocks. Get more details below.
52 week change | Industry | ||
---|---|---|---|
ARC Resources (ARX) | +51.84% | Oil & Gas E&P | |
CES Energy Solutions (CEU) | +111.36% | Oil & Gas Equipment & Services | |
Computer Modelling Group (CMG) | +47.79% | Software—Application | |
Fairfax Financial Holdings (FFH) | +60.67% | Insurance—Property & Casualty | |
Stantec (STN) | +38.30% | Engineering & Construction |
52-week performance was updated on April 16, 2024
Our top picks for where to buy the best Canadian dividend stocks
More info on the best dividend stocks in Canada
ARC Resources Ltd. (ARX.TO)
ARC Resources Ltd. engages in the acquiring and developing crude oil, natural gas, condensate, and natural gas liquids in Canada.- Market cap: C$18.02 billion
- YTD performance: 389.63%
- 1 Year performance: 37.09%
- 5 Year performance: 557.53%
- P/E Ratio: 13.6283
- Headquarters: Canada
CES Energy Solutions Corp (CEU.TO)
CES Energy Solutions Corp., together with its subsidiaries, engages in the design, implementation, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada. The company provides solutions for drill-bit, point of completion and stimulation, wellhead and pump-jack, and pipeline and midstream markets.- Market cap: C$1.51 billion
- YTD performance: 410.86%
- 1 Year performance: 15.42%
- 5 Year performance: 898.49%
- P/E Ratio: 8.8442
- Headquarters: Canada
Computer Modelling Group Ltd. (CMG.TO)
Computer Modelling Group Ltd., a software and consulting technology company, engages in the development and licensing of reservoir simulation and seismic interpretation software and related services. The company offers CMOST-AI, an optimization and analysis tool that offers solution for reservoir by combining statistical analysis, machine learning, and impartial data interpretation; IMEX, a black oil reservoir simulator that is used to model primary, secondary, and tertiary oil recovery processes in conventional and unconventional reservoirs; and GEM, an equation-of-state reservoir simulator for compositional, chemical, and unconventional reservoir modelling.- Market cap: C$595.114 million
- YTD performance: 49.16%
- 1 Year performance: 5.55%
- 5 Year performance: 77.78%
- P/E Ratio: 26.7037
- Headquarters: Canada
Fairfax Financial Holdings Ltd (FFH.TO)
Fairfax Financial Holdings Limited, through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in the United States, Canada, the Middle East, Asia, and internationally. It operates through Property and Casualty Insurance and Reinsurance; Life insurance and Run-off; and Non-Insurance Companies segments.- Market cap: C$54.072 billion
- YTD performance: 466.22%
- 1 Year performance: 70.99%
- 5 Year performance: 600.82%
- P/E Ratio: 10.3209
- Headquarters: Canada
Stantec Inc (STN.TO)
Stantec Inc. provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally.- Market cap: C$16.492 billion
- YTD performance: 256.24%
- 1 Year performance: 40.4%
- 5 Year performance: 286%
- P/E Ratio: 42.7751
- Headquarters: Canada
Constellation Software Inc. (CSU.TO)
Constellation Software Inc., together with its subsidiaries, acquires, builds, and manages vertical market software businesses to develop mission-critical software solutions for public and private sector markets. It is involved in the software licensing; and sale of hardware activities.- Market cap: C$102.316 billion
- YTD performance: 200.05%
- 1 Year performance: 24.92%
- 5 Year performance: 5166.45%
- P/E Ratio: 101.2611
- Headquarters: Canada
goeasy Ltd (GSY.TO)
goeasy Ltd. provides non-prime leasing and lending services under the easyhome, easyfinancial, and LendCare brands to consumers in Canada.- Market cap: C$2.627 billion
- YTD performance: 68.06%
- 1 Year performance: 20.31%
- 5 Year performance: 222.08%
- P/E Ratio: 10.7411
- Headquarters: Canada
Enerplus Corporation (ERF.TO)
Enerplus Corporation, together with its subsidiaries, explores and develops crude oil and natural gas in the United States. Its oil and natural gas properties are located primarily in North Dakota, Colorado, and Pennsylvania.- Market cap: C$5.66 billion
- P/E Ratio: 10.9306
- Headquarters: Canada
Mainstreet Equity Corp. (MEQ.TO)
Mainstreet Equity Corp. engages in the acquisition, redevelopment, repositioning, and management of mid-market residential rental apartment buildings in Western Canada.- Market cap: C$1.753 billion
- YTD performance: 139.53%
- 1 Year performance: 12.48%
- 5 Year performance: 195.6%
- P/E Ratio: 7.1362
- Headquarters: Canada
Terravest Capital Inc (TVK.TO)
TerraVest Industries Inc. manufactures and sells goods and services to agriculture, mining, energy production and distribution, chemical, utilities, transportation and construction, and other markets in Canada, the United States, and internationally.- Market cap: C$3.715 billion
- YTD performance: 958.94%
- 1 Year performance: 140.16%
- 5 Year performance: 1136.72%
- P/E Ratio: 43.4836
- Headquarters: Canada
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.
Our list of the best dividend stocks in Canada is not personal financial advice; we have not considered your personal objectives and financial situation. Do your own research, and speak with an investment professional if in doubt.
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.
This list and data was compiled April 16, 2024. The algorithm was last updated January 27, 2021.
FAQs about the best Canadian dividend stocks
More on investing

What are the best stocks for beginners with little money to invest?
Want to dive into investing but don’t have much to spend? Take a look at these types of stocks.
Read more…
Meme stocks: What they are and examples of popular stocks
Meme stocks can produce large gains in short periods, but the stocks are volatile.
Read more…
How do ETFs work?
Your guide to how ETFs work and whether this type of investment is right for you.
Read more…More guides on Finder
-
Best day trading platforms in Canada
Compare six brokerage platforms to find the best platform for day trading in Canada.
-
Best renewable energy stocks
These are the best renewable energy stocks to buy now in Canada.
-
Best stocks to buy right now in Canada
Finder’s unique algorithm found the 20 best TSX stocks to buy right now.
-
10 best trading platforms and apps in Canada for 2025
Whether you’re a new or experienced investor, these are the best stock trading platforms and apps in Canada.
-
How to buy US stocks in Canada
Buying US stocks in Canada is easier than you think. Find out how to buy US stocks in 4 simple steps.
-
How to buy international stocks in Canada
Find out how to buy international stocks in Canada in three easy steps.
-
How to invest in the S&P 500 in Canada
Find out how to invest in the S&P 500 in Canada—one of the world’s most popular stock indices—to diversify your portfolio.
-
How to trade options in Canada
What is options trading, and are options better than stocks? We break down how to trade options in Canada.
-
Qtrade review
Qtrade offers free trades for 100+ ETFs and discounts for active and young investors. But the platform has some drawbacks.
-
Questrade review
Questrade is a leader among Canadian discount brokerages, but is it right for you? Compare fees, features and alternatives here.