Five Strong TSX Dividend Stocks Under $100 Worth Considering

For Canadian investors seeking reliable income without breaking the bank, there are several dividend-paying stocks on the Toronto Stock Exchange (TSX) trading under $100 that offer attractive yields, solid fundamentals, and potential long-term growth. These picks can help build a diversified income portfolio while keeping individual share prices accessible, making them suitable options for both new and seasoned investors focused on dividend-oriented strategies.

1. A Canadian Bank with a History of Dividend Growth
One of Canada’s major banks remains under $100 per share and boasts a long record of consistent dividend increases. Banks of this size typically benefit from diversified revenue streams — including retail banking, wealth management, and corporate lending — which help sustain payouts even through economic downturns. A strong capital position and disciplined risk management also support dividend reliability.

2. A Utility Firm With Stable Cash Flows
Utilities often generate predictable earnings because they provide essential services with regulated or contracted rates. This stability allows for steady dividend distributions, often at above-average yields compared with broader market stocks. For long-term income investors, utilities under $100 offer a defensive complement to more cyclical sectors.

3. A Pipeline and Energy Infrastructure Company
Energy infrastructure businesses that transport and store oil and gas can deliver dependable dividends because they earn fees regardless of commodity price swings. These companies often operate under long-term contracts that support cash flow visibility. For income-focused investors, engaging with energy pipelines can add yield while diversifying beyond financial and utility sectors.

4. A Real Estate Investment Trust (REIT)
REITs pool property assets to generate rent and lease income, which they distribute to shareholders as dividends. A well-managed Canadian REIT trading under $100 may provide higher yield potential and exposure to real estate sectors such as commercial, industrial, or residential property markets. These trusts can be especially appealing for tax-advantaged accounts like TFSAs.

5. A Consumer Staples Company With a Solid Dividend Record
Consumer staples firms — those producing everyday goods — tend to have resilient demand, even during economic slowdowns. When one such stock trades below $100 with an established history of dividend payments, it can be an appealing choice for investors seeking both defensive characteristics and regular income.

Also Read: Dividend paying stocks Canada

Key Considerations Before You Buy
Dividend yield is just one part of the picture. Look for companies with strong balance sheets, sustainable payout ratios, and a history of dividend consistency or growth. Diversifying across sectors — such as financials, utilities, energy infrastructure, REITs, and consumer staples — can help reduce risk, especially when markets fluctuate.

Also Read: Long term investing in Canada

In summary, the TSX offers several dividend stocks under $100 that combine accessible share prices with attractive income potential. With careful research and long-term planning, these names can help build a resilient, income-focused portfolio.