Market capitalization is a measure of the size of a company and is calculated by multiplying the current stock price by the number of outstanding shares of the company. A high market capitalization indicates that the company is large and has a significant presence in the market. The stocks listed in this context have a high market capitalization, which means they are large companies that are well-established and have a strong presence in their respective industries.
Dividends are payments made by a company to its shareholders as a way of sharing a portion of its profits with them. These payments are usually made on a regular basis, such as quarterly or annually, and are determined by the company’s board of directors. Dividend-paying stocks are attractive to investors who are looking for a steady income stream from their investments, in addition to any potential capital appreciation.
The stocks listed in this context are known for paying dividends to their shareholders, which indicates that they have a history of being profitable and generating income for their investors. These stocks have been selected based on their market capitalization, which is an indication of their size and stability, and their history of paying dividends, which is an indication of their profitability and consistency.
Largest dividend paying stocks by market capitalization on the Toronto Stock Exchange (TSX).
| Name | Ticker | Market Cap (CAD) | Brief Description | Link to Investor Relations Page |
|---|---|---|---|---|
| Royal Bank of Canada | RY | 184.81 billion | One of the largest banks in Canada offering diversified financial services. | https://www.rbc.com/investor-relations |
| Toronto-Dominion Bank | TD | 151.91 billion | A leading bank in North America with a range of financial products and services. | https://www.td.com/ca/en/investors/ |
| Enbridge Inc. | ENB | 96.54 billion | One of the largest energy infrastructure companies in North America. | https://www.enbridge.com/investment-center/investor-relations |
| Canadian National Railway Company | CNR | 86.57 billion | One of the largest railway companies in North America, providing transportation of goods. | https://www.cn.ca/en/investors/ |
| Brookfield Asset Management Inc. | BAM.A | 83.89 billion | A global alternative asset manager with investments in real estate, infrastructure, and renewable energy. | https://www.brookfield.com/investor-relations |
| Bank of Nova Scotia | BNS | 83.31 billion | One of the leading banks in Canada with operations in over 40 countries worldwide. | https://www.scotiabank.com/ca/en/about/investor-relations.html |
| TC Energy Corporation | TRP | 79.29 billion | A North American energy infrastructure company with pipelines, power generation, and energy storage facilities. | https://www.tcenergy.com/investors/ |
| Canadian Natural Resources Limited | CNQ | 73.70 billion | A leading producer of crude oil, natural gas, and natural gas liquids in Canada. | https://www.cnrl.com/investor-centre/ |
| Suncor Energy Inc. | SU | 67.47 billion | A Canadian integrated energy company with operations in oil sands, exploration and production, and refining and marketing. | https://www.suncor.com/en/investor-centre |
| The Bank of Montreal | BMO | 66.75 billion | One of the largest banks in Canada with operations in North America and internationally. | https://www.bmo.com/global/investor-relations |
| Brookfield Infrastructure Partners | BIP.UN | 60.46 billion | A global infrastructure company with assets in utilities, transport, energy, and data infrastructure. | https://bip.brookfield.com/en/investor-relations |
| Canadian Pacific Railway Limited | CP | 58.31 billion | A transcontinental railway in Canada and the United States, providing transportation of goods. | https://investor.cpr.ca/home/default.aspx |
| Pembina Pipeline Corporation | PPL | 53.22 billion | A leading transportation and midstream service provider in North America’s energy industry. | https://www.pembina.com/ |
| Canadian Utilities Limited | CU | 52.76 billion | A diversified company with businesses in electricity, pipelines, and retail energy services. | https://www.canadianutilities |
| Name | Ticker | Market Cap (CAD) | Brief Description | Link to Investor Relations Page |
|---|---|---|---|---|
| Canadian Imperial Bank of Commerce | CM | 50.43 billion | A global financial institution providing banking and financial services. | https://www.cibc.com/en/about-cibc/investor-relations.html |
| Fortis Inc. | FTS | 49.38 billion | A utility company that distributes electricity and natural gas in Canada, the US, and the Caribbean. | https://www.fortisinc.com/investors |
| Telus Corporation | T | 45.99 billion | A Canadian telecommunications company providing wireless and wireline voice and data services. | https://www.telus.com/en/about/investors |
| Manulife Financial Corporation | MFC | 44.97 billion | A Canadian insurance and financial services company with operations in Asia, Canada, and the US. | https://www.manulife.com/en/investors.html |
| The Toronto-Dominion Bank | NA | 43.85 billion | A diversified financial services provider, offering personal and commercial banking, wealth management, and more. | https://www.td.com/ca/en/investors/ |
| Canadian Pacific Railway Limited | CP | 41.22 billion | A transcontinental railway in Canada and the United States, providing transportation of goods. | https://investor.cpr.ca/home/default.aspx |
| The Bank of Nova Scotia | BNS | 40.20 billion | One of the leading banks in Canada with operations in over 40 countries worldwide. | https://www.scotiabank.com/ca/en/about/investor-relations.html |
| Rogers Communications Inc. | RCI.B | 39.08 billion | A Canadian communications and media company providing wireless and wireline voice and data services, TV, and media. | https://investors.rogers.com/home/default.aspx |
| Waste Connections, Inc. | WCN | 38.57 billion | A solid waste services company providing collection, transfer, and disposal of non-hazardous waste. | https://www.wasteconnections.com/investor-relations/ |
| Canadian Apartment Properties REIT | CAR.UN | 38.15 billion | A real estate investment trust (REIT) that owns and operates multi-unit residential properties in Canada and Europe. | https://www.caprent.com/Investor-Relations/ |
| Brookfield Renewable Partners | BEP.UN | 37.81 billion | A global renewable energy company that owns and operates a portfolio of renewable power generation facilities. | https://bep.brookfield.com/en/investor-relations |
| Power Corporation of Canada | POW | 35.24 billion | A diversified international management and holding company with interests in financial services, renewable energy, and more. | https://www.powercorporation.com/investor-relations/ |
| Brookfield Property Partners LP | BPY.UN | 34.68 billion | A global commercial real estate company that owns, operates, and develops a diversified portfolio of properties. | https://www.brookfieldproperties.com/en/investors |
| Emera Incorporated | EMA | 33.78 billion | A North American energy company that generates, transmits, and distributes electricity and gas |
| Name | Ticker | Market Cap (CAD) | Brief Description | Link to Investor Relations Page |
|---|---|---|---|---|
| BCE Inc. | BCE | 33.65 billion | A Canadian telecommunications and media company offering wireless and wireline voice and data services, TV, and more. | https://www.bce.ca/investors |
| Canadian National Railway Company | CNR | 32.64 billion | One of the largest railway companies in North America, providing transportation of goods. | https://www.cn.ca/en/investors/ |
| Keyera Corp. | KEY | 32.50 billion | A Canadian-based midstream energy company that provides services to oil and gas producers. | https://www.keyera.com/investors/ |
| Intact Financial Corporation | IFC | 30.34 billion | A Canadian property and casualty insurance company providing personal and commercial insurance solutions. | https://www.intactfc.com/investor-relations/ |
| National Bank of Canada | NA | 29.58 billion | A leading bank in Canada with operations in commercial and personal banking, as well as wealth management. | https://www.nbc.ca/investor-relations.html |
| Brookfield Business Partners L.P. | BBU.UN | 28.28 billion | A global business services and industrials company that owns and operates a diversified portfolio of businesses. | https://bbu.brookfield.com/en/investor-relations |
| Manulife Financial Corporation | MFC | 27.88 billion | A Canadian insurance and financial services company with operations in Asia, Canada, and the US. | https://www.manulife.com/en/investors.html |
| Cenovus Energy Inc. | CVE | 27.33 billion | A Canadian integrated oil and natural gas company with operations in Alberta and Saskatchewan. | https://www.cenovus.com/investors.html |
| Sun Life Financial Inc. | SLF | 27.30 billion | A leading international financial services organization offering a range of insurance and wealth management products. | https://www.sunlife.com/ca/Investor+relations?vgnLocale=en_CA |
| Agnico Eagle Mines Limited | AEM | 26.87 billion | A Canadian-based gold producer with operations in Canada, Finland, and Mexico. | https://www.agnicoeagle.com/English/investor-relations/default.aspx |
| Telus Corporation | T | 26.25 billion | A Canadian telecommunications company providing wireless and wireline voice and data services. | https://www.telus.com/en/about/investors |
| Great-West Lifeco Inc. | GWO | 24.73 billion | A Canadian financial services holding company that operates in Canada, the US, and Europe. | https://www.greatwestlifeco.com/en/investors.html |
| Nutrien Ltd. | NTR | 24.63 billion | A Canadian fertilizer company producing and distributing potash, nitrogen, and phosphate products. | https://www.nutrien.com/investors/ |
| Imperial Oil Limited | IMO | 24.28 billion | A Canadian petroleum company engaged in exploration, production, and sale of crude oil and natural gas. | https://www.imperialoil.ca/en-ca/company |