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Largest Dividend Paying Stocks in Canada

    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).

    NameTickerMarket Cap (CAD)Brief DescriptionLink to Investor Relations Page
    Royal Bank of CanadaRY184.81 billionOne of the largest banks in Canada offering diversified financial services.https://www.rbc.com/investor-relations
    Toronto-Dominion BankTD151.91 billionA leading bank in North America with a range of financial products and services.https://www.td.com/ca/en/investors/
    Enbridge Inc.ENB96.54 billionOne of the largest energy infrastructure companies in North America.https://www.enbridge.com/investment-center/investor-relations
    Canadian National Railway CompanyCNR86.57 billionOne of the largest railway companies in North America, providing transportation of goods.https://www.cn.ca/en/investors/
    Brookfield Asset Management Inc.BAM.A83.89 billionA global alternative asset manager with investments in real estate, infrastructure, and renewable energy.https://www.brookfield.com/investor-relations
    Bank of Nova ScotiaBNS83.31 billionOne 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 CorporationTRP79.29 billionA North American energy infrastructure company with pipelines, power generation, and energy storage facilities.https://www.tcenergy.com/investors/
    Canadian Natural Resources LimitedCNQ73.70 billionA leading producer of crude oil, natural gas, and natural gas liquids in Canada.https://www.cnrl.com/investor-centre/
    Suncor Energy Inc.SU67.47 billionA 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 MontrealBMO66.75 billionOne of the largest banks in Canada with operations in North America and internationally.https://www.bmo.com/global/investor-relations
    Brookfield Infrastructure PartnersBIP.UN60.46 billionA global infrastructure company with assets in utilities, transport, energy, and data infrastructure.https://bip.brookfield.com/en/investor-relations
    Canadian Pacific Railway LimitedCP58.31 billionA transcontinental railway in Canada and the United States, providing transportation of goods.https://investor.cpr.ca/home/default.aspx
    Pembina Pipeline CorporationPPL53.22 billionA leading transportation and midstream service provider in North America’s energy industry.https://www.pembina.com/
    Canadian Utilities LimitedCU52.76 billionA diversified company with businesses in electricity, pipelines, and retail energy services.https://www.canadianutilities
    NameTickerMarket Cap (CAD)Brief DescriptionLink to Investor Relations Page
    Canadian Imperial Bank of CommerceCM50.43 billionA global financial institution providing banking and financial services.https://www.cibc.com/en/about-cibc/investor-relations.html
    Fortis Inc.FTS49.38 billionA utility company that distributes electricity and natural gas in Canada, the US, and the Caribbean.https://www.fortisinc.com/investors
    Telus CorporationT45.99 billionA Canadian telecommunications company providing wireless and wireline voice and data services.https://www.telus.com/en/about/investors
    Manulife Financial CorporationMFC44.97 billionA Canadian insurance and financial services company with operations in Asia, Canada, and the US.https://www.manulife.com/en/investors.html
    The Toronto-Dominion BankNA43.85 billionA diversified financial services provider, offering personal and commercial banking, wealth management, and more.https://www.td.com/ca/en/investors/
    Canadian Pacific Railway LimitedCP41.22 billionA transcontinental railway in Canada and the United States, providing transportation of goods.https://investor.cpr.ca/home/default.aspx
    The Bank of Nova ScotiaBNS40.20 billionOne 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.B39.08 billionA 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.WCN38.57 billionA solid waste services company providing collection, transfer, and disposal of non-hazardous waste.https://www.wasteconnections.com/investor-relations/
    Canadian Apartment Properties REITCAR.UN38.15 billionA 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 PartnersBEP.UN37.81 billionA 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 CanadaPOW35.24 billionA diversified international management and holding company with interests in financial services, renewable energy, and more.https://www.powercorporation.com/investor-relations/
    Brookfield Property Partners LPBPY.UN34.68 billionA global commercial real estate company that owns, operates, and develops a diversified portfolio of properties.https://www.brookfieldproperties.com/en/investors
    Emera IncorporatedEMA33.78 billionA North American energy company that generates, transmits, and distributes electricity and gas
    NameTickerMarket Cap (CAD)Brief DescriptionLink to Investor Relations Page
    BCE Inc.BCE33.65 billionA Canadian telecommunications and media company offering wireless and wireline voice and data services, TV, and more.https://www.bce.ca/investors
    Canadian National Railway CompanyCNR32.64 billionOne of the largest railway companies in North America, providing transportation of goods.https://www.cn.ca/en/investors/
    Keyera Corp.KEY32.50 billionA Canadian-based midstream energy company that provides services to oil and gas producers.https://www.keyera.com/investors/
    Intact Financial CorporationIFC30.34 billionA Canadian property and casualty insurance company providing personal and commercial insurance solutions.https://www.intactfc.com/investor-relations/
    National Bank of CanadaNA29.58 billionA 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.UN28.28 billionA global business services and industrials company that owns and operates a diversified portfolio of businesses.https://bbu.brookfield.com/en/investor-relations
    Manulife Financial CorporationMFC27.88 billionA Canadian insurance and financial services company with operations in Asia, Canada, and the US.https://www.manulife.com/en/investors.html
    Cenovus Energy Inc.CVE27.33 billionA Canadian integrated oil and natural gas company with operations in Alberta and Saskatchewan.https://www.cenovus.com/investors.html
    Sun Life Financial Inc.SLF27.30 billionA 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 LimitedAEM26.87 billionA Canadian-based gold producer with operations in Canada, Finland, and Mexico.https://www.agnicoeagle.com/English/investor-relations/default.aspx
    Telus CorporationT26.25 billionA Canadian telecommunications company providing wireless and wireline voice and data services.https://www.telus.com/en/about/investors
    Great-West Lifeco Inc.GWO24.73 billionA Canadian financial services holding company that operates in Canada, the US, and Europe.https://www.greatwestlifeco.com/en/investors.html
    Nutrien Ltd.NTR24.63 billionA Canadian fertilizer company producing and distributing potash, nitrogen, and phosphate products.https://www.nutrien.com/investors/
    Imperial Oil LimitedIMO24.28 billionA Canadian petroleum company engaged in exploration, production, and sale of crude oil and natural gas.https://www.imperialoil.ca/en-ca/company
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    Christopher - BSc, MBA

    With over two decades of combined Big 5 Banking and Agency experience, Christopher launched Underbanked® to cut through the noise and complexity of financial information. Christopher has an MBA degree from McMaster University and BSc. from Western University in Canada.

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