Top Dividend Paying Stocks in Canada
In this article, we will discuss the top dividend paying stocks in Canada.
Dividend-paying stocks with solid financial foundations and generous yields continue to appeal to investors seeking income, stability, and long-term growth potential. These companies not only provide consistent cash flow through dividends, but many also offer strong capital appreciation, even in uncertain markets.
In April 2025, several Canadian dividend stocks stood out with impressive performances and attractive yields. Here’s a closer look at some of the top performers:
Lundin Gold (TSX: LUG)
Lundin Gold delivered a standout performance, surging 26.2% in April and skyrocketing 206.5% over the past year. Currently trading at C$56.23, the stock offers a forward dividend yield of 3.05%, translating to an annual payout of C$1.71 per share. Strong gold prices and solid operations continue to fuel investor confidence. This stock ranks 1st on our list of the top dividend paying stocks in Canada.
Nutrien (TSX: NTR)
This agricultural giant posted a 10.2% gain in April, bringing its 12-month return to 12.6%. At a share price of C$78.70, Nutrien sports a forward yield of 3.91% with an annual dividend of C$3.07. As a key player in global food production, Nutrien benefits from steady demand for crop inputs.
Hydro One (TSX: H)
A leader in regulated electricity distribution, Hydro One saw its stock climb 9.6% in April and 40.8% year-over-year. Priced at C$53.04, it offers a 2.37% yield, with annual dividends totaling C$1.26. Its defensive nature and predictable cash flows make it a go-to name for conservative income investors.
The North West Company (TSX: NWC)
North West, a retailer focused on underserved rural and remote markets, gained 9.6% in April and is up 45.8% over the past year. The stock trades at C$55.30, paying an annual dividend of C$1.60 and yielding 2.89%. Its stable business model and community-focused approach continue to win investor support.
Capital Power (TSX: CPX)
This independent power producer saw a 9.4% rise in April, with a strong 52.8% gain over the past year. Shares are priced at C$52.34 and offer a robust 4.98% yield, backed by an annual dividend of C$2.61. With a diversified portfolio and focus on clean energy, Capital Power remains a high-yield standout.
Savaria (TSX: SIS)
Specializing in accessibility and mobility solutions, Savaria posted an 8.5% gain in April and is up 8.4% year-over-year. The stock trades at C$17.36, yielding 3.11%, with an annual dividend of C$0.18. Its niche positioning in a growing demographic segment supports steady long-term growth.
Saputo (TSX: SAP)
The packaged foods company saw its stock climb 8.3% in April and is up 4.5% over the past 12 months. Saputo’s shares are priced at C$26.90, offering a 2.83% dividend yield and annual payments of C$0.76. Despite facing industry headwinds, its brand strength and market reach provide resilience.
Pet Valu (TSX: PET)
Pet Valu, a specialty pet retailer, rose 8.0% in April but remains down 6.0% over the past year. At C$28.61 per share, it offers a 1.68% yield and pays C$0.48 annually. With growing demand for pet care products, the company remains a potential recovery play in the consumer discretionary space.
These top dividend paying stocks in Canada highlight the variety of opportunities available across sectors — from gold and utilities to agriculture and consumer goods — for investors aiming to combine yield with growth.
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