Before you go any further through this high dividend Canadian stock list, I must warn you:
You only get high dividend stocks in this list.
This means that you must be very careful before picking any of those stocks. Chasing high yield only is not the best idea, especially for a dividend investor. You are better off looking for a decent dividend instead of chasing double digit dividend stocks.
Most of the time, high dividend Canadian stocks are hiding other problems. Since there are no free lunches in finance, if a stock pays a high dividend, it’s because the market doesn’t believe in it anymore. Anyone remember Yellow Pages (YLO)?
A quick look at the dividend payout ratio will already give you an indication as to know if the stock can continue to pay such high dividend or not. As you can see, many double digit dividend payers show a 100%+ dividend payout ratio. This should be a big warning on your screen.
Please also note that I have included Canadian Dividend ETFs in this list as I thought it would be interesting for investor to see that some ETFs offer high dividend too.
I suggest you go through this list by looking also at the dividend payout ratio and the 5 year dividend growth. This will give you further indication on the company’s financial health.
High Dividend Canadian Stocks
Ticker Name Price Dividend Yield Payout Ratio 5 year DVD growth
FZP-U Fidelity Partnership 1996 0.77 55.81 N/A -14.47729
MKZ-U Mackenzie Master LP 1.07 36.7 136.91 -17.86368
HEP Horizons Enhanced Income Gold Producers ETF 8.37 25.77 N/A N/A
AFP-U AGF Master LP 0.56 25.6 N/A -26.69145
CIP-U CI Master LP 0.38 23.68 0 -27.52203
HEE Horizons Enhanced Income Energy ETF 7.09 22.4 N/A N/A
CWX CanWel Building Materials Group Ltd 2.02 19.8 150.68 -13.79276
DGI-U Data Group Income Fund/The 3.47 18.74 1263.7 -7.670147
HEX Horizons Enhanced Income Equity ETF 7.93 17.18 N/A N/A
HEF Horizons Enhanced Income Financials ETF 8.56 16.97 N/A N/A
CHR/B Chorus Aviation Inc 3.91 15.35 58.64 0.6595185
MMN-U Multi-Manager-LP 0.55 14.55 N/A -20.74009
MXF Can-Materials Income ETF 8.36 14.16 N/A N/A
OXF Can-Energy Income ETF 7.48 14.3 N/A N/A
SRQ-U Scott's Real Estate Investment Trust 6.2 13.71 N/A -1.457864
SPB Superior Plus Corp 8.49 14.13 N/A -7.586697
NFI-U New Flyer Industries Inc 6.35 13.54 480.74 -0.1372823
WFC Wall Financial Corp 16.54 12.09 140.46 46.14426
CWA Coast Wholesale Appliances Inc 3.22 13.04 89.11 -19.53411
AIF Altus Group Ltd/Canada 4.43 13.54 760.25 -5.053488
FP FP Newspapers Inc 4.43 13.54 69.33 -13.35367
EXE-U Extendicare Real Estate Investment Trust 7.11 11.81 130.31 33.24467
PBN PetroBakken Energy Ltd 6.42 14.95 369.29 N/A
GDI General Donlee Canada Inc 2.81 11.74 189.38 2.534858
CFX Canfor Pulp Products Inc 13.26 12.07 103.31 33.2735
SEQ Shoreline Energy Corp 6.74 11.87 N/A N/A
SRV-U SIR Royalty Income Fund 8.5 11.72 100.13 -1.625785
JE Just Energy Group Inc 10.48 11.83 29.45 5.842305
GCL Colabor Group Inc 9.38 11.48 147.86 5.332498
INN-U InnVest Real Estate Investment Trust 4.29 11.66 30.19 -14.9581
AM Automodular Corp 1.63 12.2 N/A N/A
AVF AvenEx Energy Corp 4.55 11.87 N/A -14.86656
RPI-U Richards Packaging Income Fund 7.1 11.07 90.5 -6.870786
VIC Vicwest Inc 9.89 10.92 198.39 -10.41741
LXF Can-60 Income ETF 8.29 11.29 N/A N/A
DAY Daylight Energy Ltd 5.25 11.43 N/A -24.91179
HEA/U Horizons Enhanced Income US Equity USD ETF 9.83 10.91 N/A N/A
TR-U Temple Real Estate Investment Trust 4.56 10.53 N/A N/A
EAT Prime Restaurants Inc 4.4 10.91 N/A -15.70798
PKI Parkland Fuel Corp 9.27 11 216.72 9.179973
NAE NAL Energy Corp 7.89 10.65 480.64 -16.96493
SCU Second Cup Ltd/The 5.66 10.6 97.57 -9.81459
WEQ-U WesternOne Equity Income Fund 5.66 10.6 N/A 56.85084
PVT-U Proventure Income Fund 1.9 10.53 N/A 50.54743
EGL-U Eagle Energy Trust 9.72 10.8 N/A N/A
ZWB BMO Covered Call Canadian Banks ETF 13.9 10.36 N/A N/A
DR Medical Facilities Corp 10.25 10.74 N/A 0
CSE Capstone Infrastructure Corp 6.36 10.38 286.29 -7.835335
FRU Freehold Royalties Ltd 16.26 10.33 270.49 -5.758942
FMD Futuremed Healthcare Products Corp 6.38 10.58 166.46 1.593312
BTB-U BTB Real Estate Investment Trust 0.8 10.05 N/A N/A
PLT-U Parallel Energy Trust 8.9 10.11 N/A N/A
TPK Ten Peaks Coffee Co Inc 2.54 10.08 N/A -21.39969
RMM-U Retrocom Mid-Market Real Estate Investment Trust 4.64 9.7 N/A -12.02257
ACQ AutoCanada Inc 4.31 9.28 27.52 -10.0043
NIF-U Noranda Income Fund 5.03 9.94 85.12 -47.2473
PAR-U Partners Real Estate Investment Trust 1.72 9.3 N/A N/A
WB Whistler Blackcomb Holdings Inc 10.47 9.31 N/A N/A
CHE-U Chemtrade Logistics Income Fund 12.58 9.54 105.32 -4.782559
CPA-U Capital Power Income LP 19.13 9.2 317.45 -6.927274
CHW Chesswood Group Ltd 6.55 9.15 338.9 5.602629
FXF Can-Financials Income ETF 8.61 9.17 N/A N/A
WRK-U Whiterock Real Estate Investment Trust 12 9.35 642.72 0.02497617
BRE Brookfield Real Estate Services Inc 12.36 8.93 216.09 3.920219
MPI Metals Plus Income Corp 6.36 9.43 N/A N/A
CUS Canexus Corp 5.96 9.18 4649.17 -8.95681
HEJ Horizons Enhanced Income International Equity ETF 9.96 9.2 N/A N/A
CFL-U Canadian Equipment Rental Fund LP 2.65 9.06 214.31 -1.205171
STB Student Transportation Inc 6.03 9.23 2031.88 N/A
PGF Pengrowth Energy Corp 9.54 8.81 101.01 -22.37304
ZAR Zargon Oil & Gas Ltd 13.1 9.16 568.93 -7.373828
IBG IBI Group Inc 11.78 9.37 200.5 0.7989928
ECI EnerCare Inc 7.4 8.76 9675.82 -11.16556
ZHY BMO High Yield US Corporate Bond Hedged to CAD Index ETF 14.45 8.64 N/A N/A
BPF-U Boston Pizza Royalties Income Fund 12.98 8.51 735.97 -1.624992
AX-U Artis Real Estate Investment Trust 12.55 8.61 N/A 0.5688408
ERF Enerplus Corp 25.76 8.39 302.2 -15.41942
PZA-U Pizza Pizza Royalty Income Fund 8.16 8.59 105.57 -1.831343
GH Gamehost Inc 10.64 8.27 39.5 3.610277
CHB Claymore Advantaged High Yield Bond ETF 18.92 8.18 N/A N/A
EIF Exchange Income Corp 19.4 8.35 157.76 5.440496
LW Leisureworld Senior Care Corp 10.34 8.22 N/A N/A
PMT Perpetual Energy Inc 2.07 8.7 N/A -35.63079
DI-U Dundee International Real Estate Investment Trust 9.82 8.15 0 N/A
CLC CML HealthCare Inc 9.4 8.03 305.91 -2.95721
MSI Morneau Shepell Inc 9.7 8.04 211.99 -0.1493666
ADN Acadian Timber Corp 10.2 8.09 40.91 3.90241
AAR-U Pure Industrial Real Estate Trust 3.74 8.02 214.23 N/A
KEG-U Keg Royalties Income Fund/The 12.2 7.87 104.01 -0.893014
IF IFL Investment Foundation Canada Ltd #N/A N/A 7.87 35.93 -0.5531979
FN First National Financial Corp 15.94 7.84 N/A 43.94683
XHY iShares US High Yield Bond Index Fund CAD-Hedged 19.4 7.81 N/A N/A
BCI New Look Eyewear Inc 7.62 7.86 96.36 2.895455
SKL Skope Energy Inc 9 7.78 N/A N/A
FIE/A Claymore Canadian Financial Monthly Income ETF 6.27 7.66 N/A -4.364756
HCR-U Homburg Canada Real Estate Investment Trust 12.25 7.76 N/A N/A
CTU/A Le Chateau Inc 3.91 8.18 90.53 24.13289
LIQ Liquor Stores N.A. Ltd 14.09 7.67 161.79 0.7793776
FC Firm Capital Mortgage Investment Corp 12.48 7.5 100 1.490887
PBH Premium Brands Holdings Corp 15.39 7.64 129.35 0
SXP Supremex Inc 1.61 7.27 39.09 -30.98474
CJT Cargojet Inc 7.25 7.45 45.83 -13.94362
MKP MCAN Mortgage Corp 14.47 7.46 67.51 12.06299
ATP Atlantic Power Corp 14.97 7.31 N/A 1.155599
SIS Savaria Corp 1.4 7.39 75.52 35.90502
CPG Crescent Point Energy Corp 39.11 7.06 3284.15 2.920579
AW-U A&W Revenue Royalties Income Fund 19.3 7.27 102.38 3.904738
WJX Wajax Corp 33.34 7.2 93.61 -2.515115
DH Davis & Henderson Corp 17.38 7.13 116.09 -3.856581
AGF/B AGF Management Ltd 15.17 7.12 78.61 9.730934
CUP/U Caribbean Utilities Co Ltd 9.46 6.98 103.9 0.1024339
CSH-U Chartwell Seniors Housing Real Estate Investment Trust 7.77 6.95 N/A -12.70109
NWH-U NorthWest Healthcare Properties Real Estate Investment Trust 11.39 7.02 1694.72 N/A
BA Bell Aliant Inc 27.6 6.88 N/A 27.91269
D-U Dundee Real Estate Investment Trust 31.97 6.87 314.59 0
DCI DirectCash Payments Inc 19.93 6.92 89.91 6.228268
MTA Matrix Asset Management Inc 0.8 7.5 214.06 -36.90427
IAM Integrated Asset Management Corp 0.73 6.85 0 8.447177
VNR Valener Inc 14.51 6.89 83.59 -5.111993
TGA-U Transglobe Apartment Real Estate Investment Trust 11 6.82 1798.32 N/A
CRR-U Crombie Real Estate Investment Trust 13.06 6.82 202.26 16.23352
VSN Veresen Inc 14.6 6.85 182.04 1.291033
PWT Penn West Petroleum Ltd 15.72 6.87 303.54 -22.88378
NPI Northland Power Inc 16.43 6.57 N/A 4.76837E-06
OBF-U O'Leary BRIC-Plus Income & Growth Fund 8.97 6.69 N/A N/A
IPD International Parkside Products Inc 0.15 6.67 N/A N/A
SPS/A Sportscene Group Inc 9 6.67 59.37 3.71373
TCI Target Capital Inc 1.2 6.67 N/A N/A
BNE Bonterra Energy Corp 45.75 6.82 93.99 1.20688
BR Big Rock Brewery Inc 12.22 6.55 118.67 -7.373827
RSI Rogers Sugar Inc 5.08 6.69 88.88 -1.399324
PFH PowerShares Fundamental High Yield Corporate Bond CAD Hedged Index ETF 19.01 6.63 N/A N/A
BDT Bird Construction Inc 9.7 6.8 53.45 23.25623
CUF-U Cominar Real Estate Investment Trust 21.51 6.69 237.32 3.303777
OLY Olympia Financial Group Inc 40 6.54 N/A 89.59776
GNV Genivar Inc 21.77 6.89 120.34 42.23863
PLC Park Lawn Corp 7 6.46 N/A N/A
AD Alaris Royalty Corp 15.85 6.44 126.46 N/A
PM Prism Medical Ltd 4.73 6.38 35.13 N/A
CWP/A Comwest Enterprise Corp 1.25 6.4 N/A N/A
LNV Longview Oil Corp 9.39 6.39 N/A N/A
GEI Gibson Energy Inc 17.8 6.29 N/A N/A
PVE Provident Energy Ltd 8.55 6.32 185.06 -16.48612
INE Innergex Renewable Energy Inc 9.41 6.16 N/A N/A
ENF Enbridge Income Fund Holdings Inc 18.16 6.34 316.67 4.672659
AFN AG Growth International Inc 38.27 6.27 74.27 4.192924
BNP Bonavista Energy Corp 23.53 6.12 125.16 -16.99851
MRT-U Morguard Real Estate Investment Trust 14.55 6.19 176.33 0
PPL Pembina Pipeline Corp 25.72 6.07 136.66 6.709136
TMA Trimac Transportation Ltd 4.13 6.05 143.14 -19.40351
XTR iShares Diversified Monthly Income Fund Unit 11.88 6.06 N/A -4.258134
GWO Great-West Lifeco Inc 20.63 5.96 70.37 6.506015
IPL-U Inter Pipeline Fund 16.24 5.91 99.08 4.022141
CWT-U Calloway Real Estate Investment Trust 25.65 6.04 1425.69 1.258973
CFN-U Carfinco Income Fund 6.02 5.98 68.99 4.489298
UVI Unilens Vision Inc 2.99 5.96 N/A -1.04251
PMZ-U Primaris Retail Real Estate Investment Trust 20.46 5.96 123.09 1.352397
TS/B Torstar Corp 8.12 6.16 48.04 -10.08099
KBL K-Bro Linen Inc 18.75 5.87 98.99 0.2290131
PBL Pollard Banknote Ltd 2 6 216.59 -33.89186
COS Canadian Oil Sands Ltd 20.67 5.81 101.13 5.387394
SLF Sun Life Financial Inc 25.1 5.74 50.94 5.438701
XUT iShares S&P/TSX Capped Utilities Index Fund 20.94 5.79 N/A N/A
CSS Contrans Group Inc 6.9 5.8 46.04 -24.6324
BEK/B Becker Milk Co Ltd 10.5 5.71 90.33 -12.94494
ZRE BMO Equal Weight REITs Index ETF 17.47 5.7 N/A N/A
HAF Horizons Tactical Bond ETF 7.95 5.66 N/A N/A
RUS Russel Metals Inc 20.95 5.73 85.65 -4.013141
ARG Amerigo Resources Ltd 0.71 5.63 0 -25.97857
PYC Primary Corp 5.77 5.63 0 N/A
PWF Power Financial Corp 25.53 5.48 66.64 7.725903
TCN Tricon Capital Group Inc 4.19 5.73 N/A N/A
CTY Calian Technologies Ltd 18 5.56 47.87 24.06565
BTE Baytex Energy Corp 43.8 5.48 137.02 2.656945
ZEF BMO Emerging Markets Bond Hedged to CAD Index ETF 15.79 5.47 N/A N/A
CSF Cash Store Financial Services Inc/The 8.61 5.57 39.47 N/A
AP-U Allied Properties Real Estate Investment Trust 23.45 5.63 284.77 1.867842
IDG Indigo Books & Music Inc 7.79 5.65 96.49 N/A
BAD Badger Daylighting Ltd 18.5 5.51 73.37 -2.263696
XHB iShares DEX HYBrid Bond Index Fund 20.44 5.48 N/A N/A
ARX ARC Resources Ltd 22.66 5.3 120.21 -12.94494
BCE BCE Inc 38.88 5.32 62.45 7.050124
KMP Killam Properties Inc 10.58 5.48 N/A N/A
NPR-U Northern Property Real Estate Investment Trust 28.3 5.41 57.54 3.273628
VET Vermilion Energy Inc 44.03 5.18 170.54 2.249444
REI-U RioCan Real Estate Investment Trust 25.79 5.35 112.21 1.357964
CVD Claymore Advantaged Convertible Bond ETF 19.1 5.34 N/A N/A
GMP GMP Capital Inc 7.41 5.4 78.53 -27.48788
HSE Husky Energy Inc 23.32 5.15 86.96 1.299138
MBT Manitoba Telecom Services Inc 32.76 5.19 136.43 -8.146625
ACC Amica Mature Lifestyles Inc 7.25 5.24 53.35 46.29011
CXF Canadian Convertible Liquid Universe ETF 9.55 5.24 N/A N/A
CSD Claymore Advantaged Short Duration High Income ETF 19.06 5.23 N/A N/A
FSZ Fiera Sceptre Inc 6.15 5.2 143.16 -2.472192
POW Power Corp of Canada 22.9 5.07 61.32 9.630165
ZUT BMO Equal Weight Utilities Index ETF 16.04 5.16 N/A N/A
MIC Genworth MI Canada Inc 20.19 5.15 29.98 N/A
RET/A Reitmans Canada Ltd 15.49 5.16 59.85 8.997699
AER Groupe Aeroplan Inc 11.82 5.08 N/A -5.0375
ZMI BMO Monthly Income ETF 14.77 5.12 N/A N/A
ZXD BMO 2025 Corporate Bond Target Maturity ETF 15.66 5.13 N/A N/A
CAR-U Canadian Apartment Properties REIT 21.19 5.1 149.94 0
TA TransAlta Corp 23.13 5.02 146.33 3.012896
WTE-U Westshore Terminals Investment Corp 22.48 5.18 155.84 0.5966005
MTL Mullen Group Ltd 18.86 5.3 50.2 -12.9946
AAH Aastra Technologies Ltd 14.98 5.34 46.74 N/A
PHX PHX Energy Services Corp 9.38 5.12 71.55 -7.268215
ZLC BMO Long Corporate Bond Index ETF 16.7 5.03 N/A N/A
PLZ Plazacorp Retail Properties Ltd 4.2 5 545.62 10.96353
XRE iShares S&P/TSX Capped REIT Index Fund 14.72 5.08 N/A -0.4816185
NWC North West Co Inc/The 19.01 5.05 91.59 9.316411
IGM IGM Financial Inc 44.3 4.85 73.99 6.955884
PPS PowerShares Canadian Preferred Share Index ETF 19.15 5.02 N/A N/A
CM Canadian Imperial Bank of Commerce/Canada 73.55 4.9 59.13 4.92515
BRC-U Brookfield Renewable Power Fund 25.81 5.04 391.07 1.027416
CPX Capital Power Corp 25.78 4.89 254.16 N/A
AQN Algonquin Power & Utilities Corp 5.66 4.95 115.92 -22.31939
HR-U H&R Real Estate Investment Trust 21.22 4.95 59.19 -6.861565
BOX-U Brookfield Office Properties Canada 22.35 4.83 20.68 N/A
CGX Cineplex Inc 26.34 4.9 113.04 2.052166
ZCM BMO Mid Corporate Bond Index ETF 15.56 4.86 N/A N/A
ZXC BMO 2020 Corporate Bond Target Maturity ETF 15.52 4.87 N/A N/A
ALA AltaGas Ltd 27.62 4.78 55.68 -7.648854
CHL/A Canadian Helicopters Group Inc 22.07 5 51.53 -1.932434
CPD Claymore S&P/TSX CDN Preferred Share ETF 17.09 4.84 N/A N/A
BMO Bank of Montreal 58.94 4.75 58.75 5.622314
CVL Cervus Equipment Corp 14.7 4.9 57.81 7.280807
WFI WaterFurnace Renewable Energy Inc 18 4.82 77.4 11.68005
FCR First Capital Realty Inc 16.75 4.78 309.08 0.9648101
MOB-U GT Canada Medical Properties Real Estate Investment Trust 1.39 4.4 N/A N/A
MCS Mcchip Resources 2.1 4.76 N/A -6.508012
HPR Horizons AlphaPro Preferred Share ETF 10.02 4.71 N/A N/A
EH easyhome Ltd 7.25 4.69 51.91 9.096609
TCL/A Transcontinental Inc 11.06 4.88 20.33 15.34452
CLK ClubLink Enterprises Ltd 6.43 4.67 70.88 4.563957
GDS Gendis Inc 2.16 4.44 0 N/A
CBO Claymore 1-5 Year Laddered Corporate Bond ETF 20.49 4.6 N/A N/A
PFB PFB Corp 5.25 4.57 84.47 0
JFC Jaguar Financial Corp 0.045 5.56 0 N/A
RY Royal Bank of Canada 48.41 4.46 57.26 8.447179
CYH Claymore Global Monthly Advantaged Dividend ETF 14.1 4.51 N/A N/A
ZXB BMO 2015 Corporate Bond Target Maturity ETF 15.18 4.51 N/A N/A
CJR/B Corus Entertainment Inc 19.95 4.36 38.23 26.64613
HEQ HOMEQ Corp 6.26 4.47 3261.43 -23.44709
CLF Claymore 1-5 Year Laddered Government Bond ETF 20.38 4.45 N/A N/A
ACD Accord Financial Corp 6.75 4.44 31.91 9.565425
PSB PowerShares 1-5 Year Laddered Investment Grade Corporate Bond Index ETF 20.24 4.44 N/A N/A
MFC Manulife Financial Corp 12.3 4.23 N/A -5.083892
CIX CI Financial Corp 20.68 4.35 74.14 -5.427628
TRI Thomson Reuters Corp 28.74 4.45 106.62 4.262191
XST iShares S&P/TSX Capped Consumer Staples Index Fund 20.19 4.43 N/A N/A
CEU Canadian Energy Services & Technology Corp 10.53 4.56 53.47 18.94608
NDN Nordion Inc 9.25 4.33 N/A 17.91828
SJR/B Shaw Communications Inc 20.94 4.39 69.85 29.77435
TFI TransForce Inc 10.43 4.41 36.44 -22.38184
XCB iShares DEX All Corporate Bond Index Fund 21.01 4.33 N/A N/A
PNG Pacific Northern Gas Ltd 27.89 4.3 60.85 55.18456
XPF iShares S&P/TSX North American Preferred Stock Index Fund 19.15 4.29 N/A N/A
IIP-U InterRent Real Estate Investment Trust 2.6 4.62 N/A N/A
T TELUS Corp 51.81 4.25 62.09 14.34289
BYD-U Boyd Group Income Fund 9.6 4.38 29.01 28.11898
KEY Keyera Corp 45.6 4.21 98.25 5.838304
EMA Emera Inc 32.34 4.17 69.07 7.872482
XIG iShares US IG Corporate Bond Index Fund CAD-Hedged 21.43 4.11 N/A N/A
XEB iShares J.P. Morgan USD Emerging Markets Bond Index Fund CAD-Hedged 19.98 4.07 N/A N/A
ZCS BMO Short Corporate Bond Index ETF 15 4.08 N/A N/A
NA National Bank of Canada 69.91 4.06 41.4 6.929834
HAB Horizons AlphaPro Corporate Bond ETF 10.43 4.07 N/A N/A
ZPS BMO Short Provincial Bond Index ETF 15.02 4.07 N/A N/A
ADW/A Andrew Peller Ltd 9.01 4 43.12 8.997701
CAS Cascades Inc 3.86 4.15 88.89 0
RCI/B Rogers Communications Inc 35.39 4.01 48.3 79.17512
REF-U Canadian Real Estate Investment Trust 35.3 4.08 59.09 2.025383
XLB iShares DEX Long Term Bond Index Fund 22.2 4 N/A N/A
PGL PowerShares Ultra DLUX Long Term Government Bond Index ETF 21.42 4.03 N/A N/A
BDI Black Diamond Group Ltd 13.94 4.09 92.48 151.8639
CF Canaccord Financial Inc 9.98 4.01 19.58 1.613739
HNL Horizon North Logistics Inc 3.99 4.01 0 N/A
