Top TSX Dividend Stocks To Watch In June 2025

As the Canadian market navigates through a complex landscape of trade developments and central bank meetings, investors are keeping a close eye on potential volatility sparked by tariff negotiations and fiscal debates. Despite these challenges, the market's solid fundamentals provide a supportive backdrop for dividend stocks, which can offer stability and income in uncertain times.

Top 10 Dividend Stocks In Canada

Click here to see the full list of 28 stocks from our Top TSX Dividend Stocks screener.

Here's a peek at a few of the choices from the screener.

High Liner Foods (TSX:HLF)

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: High Liner Foods Incorporated processes and markets prepared and packaged frozen seafood products in North America, with a market cap of CA$552.75 million.

Operations: High Liner Foods' revenue is primarily derived from its manufacturing and marketing of prepared and packaged frozen seafood, amounting to $950.68 million.

Dividend Yield: 3.4%

High Liner Foods offers a dividend yield of 3.39%, which is lower than the top Canadian dividend payers. Its dividends are well-covered by earnings (payout ratio: 23%) and cash flows (cash payout ratio: 36%), though they have been volatile over the past decade. Recent earnings showed slight declines in sales and net income, but EPS improved slightly year-over-year. The company affirmed its quarterly CAD$0.17 per share dividend, payable June 15, 2025.

• Delve into the full analysis dividend report here for a deeper understanding of High Liner Foods.
• According our valuation report, there's an indication that High Liner Foods' share price might be on the cheaper side.

Pulse Seismic (TSX:PSD)

Simply Wall St Dividend Rating: ★★★★★☆

Overview: Pulse Seismic Inc. acquires, markets, and licenses 2D and 3D seismic data for the energy sector in Canada, with a market cap of CA$143.13 million.

Operations: Pulse Seismic Inc.'s revenue is primarily generated from its Oil Well Equipment & Services segment, which amounts to CA$37.36 million.

Dividend Yield: 9.6%

Pulse Seismic's dividend yield is among the top 25% in Canada at 9.57%, though its history of payments has been volatile over the past decade. The recent 17% increase in dividends to CAD$0.0175 per share reflects improved financial performance, with Q1 net income rising significantly to CAD$13.38 million from CAD$2.68 million a year ago. Dividends are well-covered by earnings (21.8% payout ratio) and cash flows (67.5% cash payout ratio).

• Click to explore a detailed breakdown of our findings in Pulse Seismic's dividend report.
• The analysis detailed in our Pulse Seismic valuation report hints at an deflated share price compared to its estimated value.

Whitecap Resources (TSX:WCP)

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Whitecap Resources Inc. is involved in the acquisition, development, and production of petroleum and natural gas properties in Western Canada, with a market cap of CA$10.70 billion.

Operations: Whitecap Resources Inc. generates revenue primarily from its oil and gas exploration and production segment, amounting to CA$3.41 billion.

Dividend Yield: 8.4%

Whitecap Resources' dividend yield is notable within the Canadian market at 8.4%, though it has seen declines over the past decade. Recent affirmations of a CAD$0.0608 per share dividend underscore its commitment, despite dividends not being well-covered by cash flows (140.4% cash payout ratio). The company recently announced a significant buyback program to enhance shareholder value and completed a strategic merger with Veren Inc., potentially bolstering future profitability and dividend sustainability.

• Navigate through the intricacies of Whitecap Resources with our comprehensive dividend report here.
• In light of our recent valuation report, it seems possible that Whitecap Resources is trading behind its estimated value.

Taking Advantage

• Unlock more gems! Our Top TSX Dividend Stocks screener has unearthed 25 more companies for you to explore.Click here to unveil our expertly curated list of 28 Top TSX Dividend Stocks.
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Contemplating Other Strategies?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
• Find companies with promising cash flow potential yet trading below their fair value.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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