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As trade tensions ease with new agreements and the Federal Reserve maintains steady interest rates, the Canadian market is navigating a complex economic landscape. In this environment, dividend stocks can offer a reliable income stream and potential stability for investors seeking to bolster their portfolios amidst these shifting dynamics.
Top 10 Dividend Stocks In Canada
| Name | Dividend Yield | Dividend Rating |
| Whitecap Resources (TSX:WCP) | 9.07% | ★★★★★☆ |
| Canadian Imperial Bank of Commerce (TSX:CM) | 4.39% | ★★★★★☆ |
| Russel Metals (TSX:RUS) | 4.36% | ★★★★★☆ |
| Royal Bank of Canada (TSX:RY) | 3.53% | ★★★★★☆ |
| IGM Financial (TSX:IGM) | 5.15% | ★★★★★☆ |
| Power Corporation of Canada (TSX:POW) | 4.45% | ★★★★★☆ |
| SECURE Waste Infrastructure (TSX:SES) | 3.08% | ★★★★★☆ |
| Richards Packaging Income Fund (TSX:RPI.UN) | 6.11% | ★★★★★☆ |
| Acadian Timber (TSX:ADN) | 6.64% | ★★★★★☆ |
| Sun Life Financial (TSX:SLF) | 4.07% | ★★★★★☆ |
Click here to see the full list of 27 stocks from our Top TSX Dividend Stocks screener.
Here's a peek at a few of the choices from the screener.
Evertz Technologies
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Evertz Technologies Limited designs, manufactures, and distributes video and audio infrastructure solutions for production, post-production, broadcast, and telecommunications markets globally with a market cap of CA$872.85 million.
Operations: Evertz Technologies Limited generates revenue primarily from the Television Broadcast Equipment Market, amounting to CA$496.59 million.
Dividend Yield: 6.8%
Evertz Technologies offers a dividend yield of 6.78%, placing it in the top 25% of Canadian dividend payers. Its dividends are well covered by earnings with a low payout ratio of 24.7%, and cash flows support the payments with a cash payout ratio of 64.6%. However, Evertz has an unstable dividend track record over the past decade despite recent increases. The stock trades at a favorable value, with its P/E ratio slightly below the market average.
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Get an in-depth perspective on Evertz Technologies' performance by reading our dividend report here.
Sun Life Financial
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Sun Life Financial Inc. is a financial services company offering asset management, wealth, insurance, and health solutions to individual and institutional customers across multiple countries including Canada, the U.S., and several Asian markets, with a market cap of CA$48.93 billion.
Operations: Sun Life Financial Inc.'s revenue is primarily derived from its operations in Canada (CA$17.19 billion), the United States (CA$14.80 billion), Asia (CA$3.04 billion), and Asset Management services (CA$6.82 billion).