3 Top TSX Dividend Stocks Yielding Over 3.1%
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In the last week, the Canadian market has been flat, but it has risen 19% over the past 12 months with earnings expected to grow by 15% per annum in the coming years. In this promising environment, dividend stocks yielding over 3.1% can offer both income and potential for growth, making them attractive options for investors seeking stability and returns.
Top 10 Dividend Stocks In Canada
| Name | Dividend Yield | Dividend Rating |
| Whitecap Resources (TSX:WCP) | 6.97% | ★★★★★★ |
| Secure Energy Services (TSX:SES) | 3.20% | ★★★★★☆ |
| Labrador Iron Ore Royalty (TSX:LIF) | 8.20% | ★★★★★☆ |
| Power Corporation of Canada (TSX:POW) | 5.22% | ★★★★★☆ |
| Enghouse Systems (TSX:ENGH) | 3.13% | ★★★★★☆ |
| Canadian Natural Resources (TSX:CNQ) | 4.60% | ★★★★★☆ |
| iA Financial (TSX:IAG) | 3.01% | ★★★★★☆ |
| Firm Capital Mortgage Investment (TSX:FC) | 8.57% | ★★★★★☆ |
| Russel Metals (TSX:RUS) | 4.17% | ★★★★★☆ |
| Royal Bank of Canada (TSX:RY) | 3.41% | ★★★★★☆ |
Click here to see the full list of 32 stocks from our Top TSX Dividend Stocks screener.
Let's take a closer look at a couple of our picks from the screened companies.
Enghouse Systems
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Enghouse Systems Limited, with a market cap of CA$1.78 billion, develops enterprise software solutions worldwide through its subsidiaries.
Operations: Enghouse Systems Limited generates revenue through its Asset Management Group (CA$187.17 million) and Interactive Management Group (CA$312.77 million).
Dividend Yield: 3.1%
Enghouse Systems Limited reported Q3 2024 revenue of C$130.5 million and net income of C$20.58 million, showing growth from the previous year. The company declared a quarterly dividend of C$0.26 per share, covered by earnings with a payout ratio of 66% and cash flows with a cash payout ratio of 45.4%. Although its dividend yield is lower than top-tier Canadian payers, it has been stable and growing over the past decade.
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Navigate through the intricacies of Enghouse Systems with our comprehensive dividend report here.
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Our valuation report here indicates Enghouse Systems may be undervalued.
Olympia Financial Group
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Olympia Financial Group Inc., with a market cap of CA$243.04 million, operates in Canada through its subsidiary Olympia Trust Company as a non-deposit taking trust company.
Operations: Olympia Financial Group Inc. generates revenue through several segments: Health (CA$10.21 million), Corporate (CA$0.13 million), Exempt Edge (EE) (CA$1.41 million), Investment Account Services (IAS) (CA$79.02 million), Currency and Global Payments (CGP) (CA$8.43 million), and Corporate and Shareholder Services (CSS) (CA$3.98 million).