Top Canadian Dividend Stocks for Your TFSA in 2025
Maximize your Tax-Free Savings Account (TFSA) with these four Canadian dividend-paying stocks, chosen for their strong fundamentals, long-term stability, and history of rewarding shareholders:
1. Power Corporation of Canada (TSX:POW): This financial giant offers a diverse portfolio of insurance, wealth management, and investment businesses across North America, Europe, and Asia. With a current dividend yield of 4.8% and a recent 9% dividend hike, POW is a reliable long-term pick for TFSA investors.
2. Suncor Energy (TSX:SU): As a leading integrated oil and gas company in Canada, Suncor boasts a strong upstream production and refining performance. With a dividend yield of 4.1% and a focus on increasing free cash flow and shareholder returns, SU is an ideal choice for income-focused TFSA portfolios.
3. Enbridge (TSX:ENB): This Calgary-based company operates a vast network of oil and gas pipelines, along with utilities and renewable power assets. Enbridge has a solid dividend yield of 5.9% and a 30-year track record of increasing dividends, making it a dependable addition to any TFSA.
4. Nutrien (TSX:NTR): As a global leader in crop inputs and services, Nutrien plays a crucial role in supporting the agricultural industry. With a dividend yield of 4.3% and a focus on efficiency and long-term growth in global food demand, NTR presents an attractive opportunity for TFSA investors.
These four Canadian dividend stocks offer a blend of stability, growth potential, and consistent income, making them well-suited for building a robust and rewarding TFSA portfolio in 2025. Remember to conduct thorough research and consider your individual investment goals before making any decisions.
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