As we head into the second half of 2025, the Canadian market is navigating a complex landscape shaped by ongoing tariff and trade negotiations, particularly between major global economies like the U.S. and China. With potential increases in tariff rates expected to influence inflation and economic growth, investors are increasingly turning to dividend stocks as a means of generating stable income amidst market uncertainty.
Top 10 Dividend Stocks In Canada
| Name | Dividend Yield | Dividend Rating |
| Sun Life Financial (TSX:SLF) | 4.03% | ★★★★★☆ |
| Russel Metals (TSX:RUS) | 3.97% | ★★★★★☆ |
| Royal Bank of Canada (TSX:RY) | 3.55% | ★★★★★☆ |
| Pulse Seismic (TSX:PSD) | 8.97% | ★★★★★☆ |
| Power Corporation of Canada (TSX:POW) | 4.69% | ★★★★★☆ |
| Olympia Financial Group (TSX:OLY) | 6.18% | ★★★★★☆ |
| IGM Financial (TSX:IGM) | 5.22% | ★★★★★☆ |
| Canadian Imperial Bank of Commerce (TSX:CM) | 4.19% | ★★★★★☆ |
| Atrium Mortgage Investment (TSX:AI) | 9.63% | ★★★★★☆ |
| Acadian Timber (TSX:ADN) | 6.50% | ★★★★★☆ |
Click here to see the full list of 28 stocks from our Top TSX Dividend Stocks screener.
We're going to check out a few of the best picks from our screener tool.
Rogers Sugar (TSX:RSI)
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Rogers Sugar Inc. is involved in refining, packaging, marketing, and distributing sugar and maple products across Canada, the United States, Europe, and internationally with a market cap of CA$721.02 million.
Operations: Rogers Sugar Inc.'s revenue is primarily derived from its Sugar segment, which generated CA$1.04 billion, and its Maple Products segment, contributing CA$248.86 million.
Dividend Yield: 6.4%
Rogers Sugar's dividend yield of 6.39% ranks among the top 25% in Canada, yet the dividends aren't covered by free cash flows and have been unreliable over the last decade. Despite a reasonable payout ratio of 74.3%, earnings growth of 18.9% annually over five years hasn't translated into consistent dividend increases or stability. Recent earnings showed improved sales and net income, with a quarterly dividend reaffirmed at $0.09 per share for July 2025 payment.
- Click here and access our complete dividend analysis report to understand the dynamics of Rogers Sugar.
- The analysis detailed in our Rogers Sugar valuation report hints at an deflated share price compared to its estimated value.
Royal Bank of Canada (TSX:RY)
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Royal Bank of Canada operates as a diversified financial services company worldwide with a market cap of CA$244.81 billion.
Operations: Royal Bank of Canada's revenue segments include Insurance at CA$1.31 billion, Capital Markets at CA$12.56 billion, Personal Banking at CA$16.75 billion, Wealth Management at CA$20.96 billion, and Commercial Banking at CA$6.91 billion.
Dividend Yield: 3.5%
Royal Bank of Canada offers a stable dividend history with consistent growth over the past decade, currently yielding 3.55%. Its payout ratio of 46.1% suggests dividends are well-covered by earnings, and future projections indicate continued sustainability. Recent strategic moves include a share buyback program for up to 35 million shares, enhancing shareholder value. However, insider selling has been significant recently, which may warrant attention from potential investors focused on dividend reliability and corporate governance.
- Dive into the specifics of Royal Bank of Canada here with our thorough dividend report.
- According our valuation report, there's an indication that Royal Bank of Canada's share price might be on the expensive side.
Total Energy Services (TSX:TOT)
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Total Energy Services Inc. is an energy services company operating primarily in Canada, the United States, Australia, and internationally with a market cap of CA$411.81 million.
Operations: Total Energy Services Inc. generates revenue through four main segments: Well Servicing (CA$102.65 million), Contract Drilling Services (CA$329.49 million), Compression and Process Services (CA$442.63 million), and Rentals and Transportation Services (CA$79.23 million).
Dividend Yield: 3.6%
Total Energy Services recently declared a quarterly dividend of C$0.10 per share, payable in July 2025. Despite past volatility and an unreliable dividend history, the current payout is well-covered by both earnings (22.2% payout ratio) and cash flows (16.7% cash payout ratio). The company's recent earnings growth and share buyback activity indicate financial stability, although its 3.64% yield is below the top tier of Canadian dividend payers at 6.04%.
- Navigate through the intricacies of Total Energy Services with our comprehensive dividend report here.
- Upon reviewing our latest valuation report, Total Energy Services' share price might be too pessimistic.
Make It Happen
- Investigate our full lineup of 28 Top TSX Dividend Stocks right here.
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Want To Explore Some Alternatives?
- 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.
Valuation is complex, but we're here to simplify it.
Discover if Total Energy Services might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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