{"id":938569,"date":"2021-08-16T20:53:14","date_gmt":"2021-08-17T00:53:14","guid":{"rendered":"https:\/\/www.finder.com\/ca\/?p=938569"},"modified":"2026-10-09T15:45:18","modified_gmt":"2026-10-09T19:45:18","slug":"canadian-dividend-stocks","status":"publish","type":"post","link":"https:\/\/www.finder.com\/ca\/stock-trading\/canadian-dividend-stocks","title":{"rendered":"8 High-Dividend Stocks in Canada in 2026"},"content":{"rendered":"

Looking to earn investment income with high-dividend stocks? We\u2019ve 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.<\/p>

Summary: 8 High-dividend stocks in Canada<\/h3>

Here\u2019s a quick view of some of the best Canadian dividend stocks, but you can get more details below<\/a>.\n\n \n\n\n<\/p>\n \n \n \n\n\n\n\n\n \n \n \n\n \n \n \n \n \n \n \n
Stock name<\/th>\n Dividend yield (indicated)<\/th>\n Market cap<\/th>\n YTD performance<\/th>\n Buy on Questrade<\/th>\n <\/tr>\n <\/thead>\n
Enbridge<\/b> (ENB.TO)<\/td>\n 5.61%<\/td>\n C$153.4 billion<\/td>\n 62.64%<\/td>\n Buy now<\/a><\/td>\n <\/tr>\n\n\n\n\n\n\n\n \n \n
Brookfield Renewable Partners L-P<\/b> (BEP-UN.TO)<\/td>\n 5.06%<\/td>\n C$30.0 billion<\/td>\n -22.1%<\/td>\n Buy now<\/a><\/td>\n <\/tr>\n\n\n\n\n\n\n\n \n \n
Gibson Energy<\/b> (GEI.TO)<\/td>\n 5.73%<\/td>\n C$5.4 billion<\/td>\n 52.6%<\/td>\n Buy now<\/a><\/td>\n <\/tr>\n\n\n\n\n\n\n\n \n \n
Emera<\/b> (EMA.TO)<\/td>\n 4.12%<\/td>\n C$22.1 billion<\/td>\n 26.28%<\/td>\n Buy now<\/a><\/td>\n <\/tr>\n\n\n\n\n\n\n\n \n \n
Pembina Pipeline<\/b> (PPL.TO)<\/td>\n 4.31%<\/td>\n C$39.6 billion<\/td>\n 133.36%<\/td>\n Buy now<\/a><\/td>\n <\/tr>\n\n\n\n\n\n\n\n \n \n
Capital Power Corporation<\/b> (CPX.TO)<\/td>\n 4.37%<\/td>\n C$10.0 billion<\/td>\n 82.03%<\/td>\n Buy now<\/a><\/td>\n <\/tr>\n\n\n\n\n\n\n\n \n \n
Keyera<\/b> (KEY.TO)<\/td>\n 4.11%<\/td>\n C$16.3 billion<\/td>\n 124.18%<\/td>\n Buy now<\/a><\/td>\n <\/tr>\n\n\n\n\n\n\n\n \n \n
TC Energy<\/b> (TRP.TO)<\/td>\n 3.94%<\/td>\n C$92.8 billion<\/td>\n 68.47%<\/td>\n Buy now<\/a><\/td>\n <\/tr>\n\n\n\n <\/tbody>\n<\/table>\nThese table values are accurate as of the market close on November 5, 2026, or the most recent data available.<\/small>\n

Breakdown of each Canadian high-yield dividend stock<\/h3>

We\u2019ve 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.<\/p>

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.<\/p>

Bear in mind that this is not a \u201cbest\u201d 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.\n\n \n\n\n\n\n\n\n\n \n \n \n\n\n\n\n <\/a>\n<\/p>

\n
\n \"Enbridge\n <\/div>\n
\n

Enbridge (ENB.TO)<\/h3>\n\n

Enbridge Inc., together with its subsidiaries, operates as an energy infrastructure company. The company operates through four segments: Liquids Pipelines, Gas Transmission, Gas Distribution and Storage, and Renewable Power Generation.<\/p>\n \n

\n Enbridge is headquartered in Canada and is traded under the ticker symbol ENB.\n At the last market close, its share price was C$66.14<\/strong>.\n <\/p>\n\n\n \n \n \n \n \n \n \n \n
Stock price<\/td>\n C$66.14<\/td>\n <\/tr>\n \n
Market cap<\/td>\n C$153.4 billion<\/td>\n <\/tr>\n \n
YTD performance<\/td>\n 62.64%<\/td>\n <\/tr>\n \n
Net profit margin<\/td>\n 7.34%<\/td>\n <\/tr>\n \n
Indicated dividend yield<\/td>\n 5.61%<\/td>\n <\/tr>\n \n
Dividend payout ratio<\/td>\n 2%<\/td>\n <\/tr>\n \n
Dividend payout per share (last 12 months)<\/td>\n C$3.83<\/td>\n <\/tr>\n \n <\/tbody>\n<\/table>\n\n\nNet profit margin and dividend payout per share are based on the trailing twelve months (TTM). All values are accurate as of the market close on November 5, 2026.\n<\/small>\n
<\/div>\n
\n\n\nBuy on Questrade<\/a>\n\n<\/div>\n\n<\/div>\n<\/div>\n\n\n\n\n\n\n \n \n \n\n\n\n\n <\/a>\n
\n
\n \"Brookfield\n <\/div>\n
\n

Brookfield Renewable Partners L-P (BEP-UN.TO)<\/h3>\n\n

Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities in the North America, Colombia, and Brazil.<\/p>\n \n

\n Brookfield Renewable Partners L-P is headquartered in Canada and is traded under the ticker symbol BEP-UN.\n At the last market close, its share price was C$43.93<\/strong>.\n <\/p>\n\n\n \n \n \n \n \n \n \n \n
Stock price<\/td>\n C$43.93<\/td>\n <\/tr>\n \n
Market cap<\/td>\n C$30.0 billion<\/td>\n <\/tr>\n \n
YTD performance<\/td>\n -22.1%<\/td>\n <\/tr>\n \n
Net profit margin<\/td>\n -4.19%<\/td>\n <\/tr>\n \n
Indicated dividend yield<\/td>\n 5.06%<\/td>\n <\/tr>\n \n
Dividend payout ratio<\/td>\n 1427%<\/td>\n <\/tr>\n \n
Dividend payout per share (last 12 months)<\/td>\n C$1.55<\/td>\n <\/tr>\n \n <\/tbody>\n<\/table>\n\n\nNet profit margin and dividend payout per share are based on the trailing twelve months (TTM). All values are accurate as of the market close on November 5, 2026.\n<\/small>\n
<\/div>\n
\n\n\nBuy on Questrade<\/a>\n\n<\/div>\n\n<\/div>\n<\/div>\n\n\n\n\n\n\n \n \n \n\n\n\n\n <\/a>\n
\n
\n \"Gibson\n <\/div>\n
\n

Gibson Energy (GEI.TO)<\/h3>\n\n

Gibson Energy Inc., together with its subsidiaries, engages in the gathering, storing, optimizing, and processing of liquids and refined products in Canada and the United States. It operates through Infrastructure and Marketing segments.<\/p>\n \n

\n Gibson Energy is headquartered in Canada and is traded under the ticker symbol GEI.\n At the last market close, its share price was C$31.44<\/strong>.\n <\/p>\n\n\n \n \n \n \n \n \n \n \n
Stock price<\/td>\n C$31.44<\/td>\n <\/tr>\n \n
Market cap<\/td>\n C$5.4 billion<\/td>\n <\/tr>\n \n
YTD performance<\/td>\n 52.6%<\/td>\n <\/tr>\n \n
Net profit margin<\/td>\n 1.47%<\/td>\n <\/tr>\n \n
Indicated dividend yield<\/td>\n 5.73%<\/td>\n <\/tr>\n \n
Dividend payout ratio<\/td>\n 125%<\/td>\n <\/tr>\n \n
Dividend payout per share (last 12 months)<\/td>\n C$1.78<\/td>\n <\/tr>\n \n <\/tbody>\n<\/table>\n\n\nNet profit margin and dividend payout per share are based on the trailing twelve months (TTM). All values are accurate as of the market close on November 5, 2026.\n<\/small>\n
<\/div>\n
\n\n\nBuy on Questrade<\/a>\n\n<\/div>\n\n<\/div>\n<\/div>\n\n\n\n\n\n\n \n \n \n\n\n\n\n <\/a>\n
\n
\n \"Emera\n <\/div>\n
\n

Emera (EMA.TO)<\/h3>\n\n

Emera Incorporated, an energy and services company, invests in generation, transmission, and distribution of electricity in the United States, Canada, Barbados, and the Bahamas. The company operates through Florida Electric Utility, Canadian Electric Utilities, Gas Utilities and Infrastructure, Other Electric Utilities, and Other segments.<\/p>\n \n

\n Emera is headquartered in Canada and is traded under the ticker symbol EMA.\n At the last market close, its share price was C$68.89<\/strong>.\n <\/p>\n\n\n \n \n \n \n \n \n \n \n \n
Stock price<\/td>\n C$68.89<\/td>\n <\/tr>\n \n
Market cap<\/td>\n C$22.1 billion<\/td>\n <\/tr>\n \n
YTD performance<\/td>\n 26.28%<\/td>\n <\/tr>\n \n
Net profit margin<\/td>\n 11.64%<\/td>\n <\/tr>\n \n
Indicated dividend yield<\/td>\n 4.12%<\/td>\n <\/tr>\n \n
Dividend payout ratio<\/td>\n 113%<\/td>\n <\/tr>\n \n
Dividend payout per share (last 12 months)<\/td>\n C$2.92<\/td>\n <\/tr>\n \n
Next expected dividend payout<\/td>\n \n November 13, 2026\n <\/td>\n <\/tr>\n <\/tbody>\n<\/table>\n\n\nNet profit margin and dividend payout per share are based on the trailing twelve months (TTM). All values are accurate as of the market close on October 29, 2026.\n<\/small>\n
<\/div>\n
\n\n\nBuy on Questrade<\/a>\n\n<\/div>\n\n<\/div>\n<\/div>\n\n\n\n\n\n\n \n \n \n\n\n\n\n <\/a>\n
\n
\n \"Pembina\n <\/div>\n
\n

Pembina Pipeline (PPL.TO)<\/h3>\n\n

Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures.<\/p>\n \n

\n Pembina Pipeline is headquartered in Canada and is traded under the ticker symbol PPL.\n At the last market close, its share price was C$71.71<\/strong>.\n <\/p>\n\n\n \n \n \n \n \n \n \n \n
Stock price<\/td>\n C$71.71<\/td>\n <\/tr>\n \n
Market cap<\/td>\n C$39.6 billion<\/td>\n <\/tr>\n \n
YTD performance<\/td>\n 133.36%<\/td>\n <\/tr>\n \n
Net profit margin<\/td>\n 24.78%<\/td>\n <\/tr>\n \n
Indicated dividend yield<\/td>\n 4.31%<\/td>\n <\/tr>\n \n
Dividend payout ratio<\/td>\n 96%<\/td>\n <\/tr>\n \n
Dividend payout per share (last 12 months)<\/td>\n C$2.92<\/td>\n <\/tr>\n \n <\/tbody>\n<\/table>\n\n\nNet profit margin and dividend payout per share are based on the trailing twelve months (TTM). All values are accurate as of the market close on October 29, 2026.\n<\/small>\n
<\/div>\n
\n\n\nBuy on Questrade<\/a>\n\n<\/div>\n\n<\/div>\n<\/div>\n\n\n\n\n\n\n \n \n \n\n\n\n\n <\/a>\n
\n
\n \"Capital\n <\/div>\n
\n

Capital Power Corporation (CPX.TO)<\/h3>\n\n

Capital Power Corporation develops, acquires, owns, and operates utility-scale renewable and flexible generation facilities in Canada and the United States. The company generates electricity from various energy sources, including wind, waste heat, solar, landfill gas, gas, and battery storage.<\/p>\n \n

\n Capital Power Corporation is headquartered in Canada and is traded under the ticker symbol CPX.\n At the last market close, its share price was C$63.61<\/strong>.\n <\/p>\n\n\n \n \n \n \n \n \n \n \n
Stock price<\/td>\n C$63.61<\/td>\n <\/tr>\n \n
Market cap<\/td>\n C$10.0 billion<\/td>\n <\/tr>\n \n
YTD performance<\/td>\n 82.03%<\/td>\n <\/tr>\n \n
Net profit margin<\/td>\n 0.67%<\/td>\n <\/tr>\n \n
Indicated dividend yield<\/td>\n 4.37%<\/td>\n <\/tr>\n \n
Dividend payout ratio<\/td>\n 95%<\/td>\n <\/tr>\n \n
Dividend payout per share (last 12 months)<\/td>\n C$2.78<\/td>\n <\/tr>\n \n <\/tbody>\n<\/table>\n\n\nNet profit margin and dividend payout per share are based on the trailing twelve months (TTM). All values are accurate as of the market close on November 5, 2026.\n<\/small>\n
<\/div>\n
\n\n\nBuy on Questrade<\/a>\n\n<\/div>\n\n<\/div>\n<\/div>\n\n\n\n\n\n\n \n \n \n\n\n\n\n <\/a>\n
\n
\n \"Keyera\n <\/div>\n
\n

Keyera (KEY.TO)<\/h3>\n\n

Keyera Corp. together with its subsidiaries, engages in the gathering and processing of natural gas; and the transportation, storage, and marketing of natural gas liquids and iso-octane in Canada and the United States. It operates through three segments: Gathering and Processing, Liquids Infrastructure, and Marketing.<\/p>\n \n

\n Keyera is headquartered in Canada and is traded under the ticker symbol KEY.\n At the last market close, its share price was C$50.69<\/strong>.\n <\/p>\n\n\n \n \n \n \n \n \n \n \n
Stock price<\/td>\n C$50.69<\/td>\n <\/tr>\n \n
Market cap<\/td>\n C$16.3 billion<\/td>\n <\/tr>\n \n
YTD performance<\/td>\n 124.18%<\/td>\n <\/tr>\n \n
Net profit margin<\/td>\n 5.03%<\/td>\n <\/tr>\n \n
Indicated dividend yield<\/td>\n 4.11%<\/td>\n <\/tr>\n \n
Dividend payout ratio<\/td>\n 2%<\/td>\n <\/tr>\n \n
Dividend payout per share (last 12 months)<\/td>\n C$2.16<\/td>\n <\/tr>\n \n <\/tbody>\n<\/table>\n\n\nNet profit margin and dividend payout per share are based on the trailing twelve months (TTM). All values are accurate as of the market close on November 5, 2026.\n<\/small>\n
<\/div>\n
\n\n\nBuy on Questrade<\/a>\n\n<\/div>\n\n<\/div>\n<\/div>\n\n\n\n\n\n\n \n \n \n\n\n\n\n <\/a>\n
\n
\n \"TC\n <\/div>\n
\n

TC Energy (TRP.TO)<\/h3>\n\n

TC Energy Corporation operates as an energy infrastructure company in Canada, the United States, and Mexico. It operates through four segments: Canadian Natural Gas Pipelines; U.S. Natural Gas Pipelines; Mexico Natural Gas Pipelines; and Power and Energy Solutions.<\/p>\n \n

\n TC Energy is headquartered in Canada and is traded under the ticker symbol TRP.\n At the last market close, its share price was C$87.52<\/strong>.\n <\/p>\n\n\n \n \n \n \n \n \n \n \n
Stock price<\/td>\n C$87.52<\/td>\n <\/tr>\n \n
Market cap<\/td>\n C$92.8 billion<\/td>\n <\/tr>\n \n
YTD performance<\/td>\n 68.47%<\/td>\n <\/tr>\n \n
Net profit margin<\/td>\n 22.91%<\/td>\n <\/tr>\n \n
Indicated dividend yield<\/td>\n 3.94%<\/td>\n <\/tr>\n \n
Dividend payout ratio<\/td>\n 120%<\/td>\n <\/tr>\n \n
Dividend payout per share (last 12 months)<\/td>\n C$3.46<\/td>\n <\/tr>\n \n <\/tbody>\n<\/table>\n\n\nNet profit margin and dividend payout per share are based on the trailing twelve months (TTM). All values are accurate as of the market close on November 5, 2026.\n<\/small>\n
<\/div>\n
\n\n\nBuy on Questrade<\/a>\n\n<\/div>\n\n<\/div>\n<\/div>\n\n\n\n

What you should know before buying the best dividend stocks in Canada<\/h3>

There\u2019s 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.<\/p>

Whether you care more about short-term capital gains or long-term dividend growth, it\u2019s important to know what risk you\u2019re comfortable with and whether a stock is performing well, making a profit, paying dividends or losing value. Past performance does not guarantee future results.<\/p>

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

How to choose the best dividend stocks<\/h3>

Finding the best Canadian dividend stocks isn\u2019t simply about finding stocks with the highest dividend yield.<\/p>

The dividend yield is a company\u2019s 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%.<\/p>

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%.<\/p>

Beyond the dividend yield, you should also consider:<\/p>