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Amidst ongoing tariff uncertainties and political shifts, the Canadian market has shown a cautious yet resilient stance, with the TSX slightly up despite broader global challenges. In such a climate, dividend stocks can offer stability and income potential for investors seeking to navigate volatility; here are three top TSX dividend stocks currently yielding up to 8.4%.
Top 10 Dividend Stocks In Canada
| Name | Dividend Yield | Dividend Rating |
| Whitecap Resources (TSX:WCP) | 7.80% | ★★★★★★ |
| Canadian Imperial Bank of Commerce (TSX:CM) | 4.76% | ★★★★★☆ |
| Russel Metals (TSX:RUS) | 4.12% | ★★★★★☆ |
| National Bank of Canada (TSX:NA) | 3.88% | ★★★★★☆ |
| Savaria (TSX:SIS) | 3.12% | ★★★★★☆ |
| Royal Bank of Canada (TSX:RY) | 3.58% | ★★★★★☆ |
| IGM Financial (TSX:IGM) | 5.02% | ★★★★★☆ |
| Power Corporation of Canada (TSX:POW) | 4.48% | ★★★★★☆ |
| Firm Capital Mortgage Investment (TSX:FC) | 8.35% | ★★★★★☆ |
| Acadian Timber (TSX:ADN) | 6.74% | ★★★★★☆ |
Click here to see the full list of 28 stocks from our Top TSX Dividend Stocks screener.
Let's explore several standout options from the results in the screener.
High Liner Foods
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: High Liner Foods Incorporated processes and markets frozen seafood products in North America with a market cap of CA$479.97 million.
Operations: High Liner Foods Incorporated generates revenue of $959.22 million from the manufacturing and marketing of prepared and packaged frozen seafood.
Dividend Yield: 4.1%
High Liner Foods shows a mixed dividend profile. While its dividends are well covered by earnings and cash flows, with low payout ratios of 22.7% and 20.7% respectively, the dividend history is volatile and unreliable over the past decade. The company trades at a significant discount to its estimated fair value but carries high debt levels. Recent earnings growth is strong, yet revenue declined year-over-year to US$959.22 million from US$1.08 billion previously, impacting overall stability for dividend investors in Canada’s market.
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Click here to discover the nuances of High Liner Foods with our detailed analytical dividend report.
Peyto Exploration & Development
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Peyto Exploration & Development Corp. is an energy company focused on the exploration, development, and production of natural gas, oil, and natural gas liquids in Alberta's Deep Basin, with a market cap of CA$3.10 billion.
Operations: Peyto Exploration & Development Corp. generates its revenue from the exploration, development, and production of oil and gas, amounting to CA$900.94 million.