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2874 companies · fiscal year 2025 · SEC EDGAR · September 25, 2026

Companies in Canada that pay the most in dividends

Dividends paid is the cash that actually left the company for shareholders during the year, taken from the financing section of the cash-flow statement. It is a total in dollars, not a per-share rate or a yield — a yield needs a share price, which this site does not carry. Figures are for fiscal year 2025 and are read directly from each company's SEC filings; the source column on every row links to the document.

Ranks 1–56 of 56 · Fiscal year 2025 · Data as of September 25, 2026

Enbridge (ENB) tops the list with $5.9B in dividends paid for fiscal 2025, ahead of Toronto Dominion Bank ($5.5B) and Royal Bank of Canada ($5.4B). The top 10 together report $35.6B in dividends paid; the gap between #1 and #10 is ×3.98. 56 companies in Canada report dividends paid, 3.8% of the 1474-filer universe. The last place on the list, Telesat, comes in at $7,978.

Dividends paid
#CompanyDividends paidYoY15-year trend
1EnbridgeENBCAEnergy$5.9B+2.3%
2Toronto Dominion BankTDCAFinancials$5.5B+4.9%
3Royal Bank of CanadaRYCAFinancials$5.4B+4.5%
4Bank of Nova ScotiaBNSCAFinancials$4.2B+1.6%
5Bank of MontrealBMOCAFinancials$3.6B+28.4%
6Canadian Natural ResourcesCNQCAEnergy$3.5B+7.8%
7TC EnergyTRPCAUtilities$2.5B−13.0%
8Suncor EnergySUCAEnergy$2.0B−1.8%
9Canadian National RailwayCNICAIndustrials$1.6B+1.2%
10Sun Life FinancialSLFCAFinancials$1.5B+3.1%
11Pembina PipelinePBACAEnergy$1.1B+14.6%
12TelusTUCACommunication services$1.1B+17.1%
13NutrienNTRCAMaterials$1.1B+0.1%
14Cenovus EnergyCVECAEnergy$1.0B−9.2%
15Imperial OilIMOCAEnergy$1.0B+10.9%
16Barrick MiningBCAMaterials$890M+27.9%
17Agnico Eagle MinesAEMCAMaterials$728M+8.4%
18Rogers CommunicationsRCICACommunication services$653M+21.1%
19Canadian Pacific Kansas CityCPCAIndustrials$570M+10.0%
20FortisFTSCAUtilities$564M+3.8%
21Hydro OneHRNNFCAUtilities$564M+3.9%
22Magna InternationalMGACAConsumer discretionary$544M+0.9%
23South BowSOBOCAEnergy$416M+$416M
24EmeraEMACAUtilities$412M+4.9%
25Waste ConnectionsWCNCAUtilities$334M+10.4%
26Wheaton Precious MetalsWPMCAMaterials$296M+6.2%
27Franco NevadaFNVCAMaterials$275M+13.5%
28Open TextOTEXCATechnology$272M+1.6%
29RB GlobalRBACATechnology$206M−30.9%
30Algonquin Power & UtilitiesAQNCAUtilities$201M−29.4%
31Pan American SilverPAASCAMaterials$175M+20.7%
32Tfi InternationalTFIICAIndustrials$151M+12.8%
33Gildan ActivewearGILCAConsumer discretionary$135M+1.3%
34Teck ResourcesTECKCAMaterials$133M−49.9%
35West Fraser TimberWFGCAIndustrials$101M0.0%
36CamecoCCJCAMaterials$74.8M+47.0%
37StantecSTNCAIndustrials$72.3M+5.3%
38MethanexMEOHCAMaterials$53.6M+7.4%
39Vermilion EnergyVETCAEnergy$53.3M+16.0%
40Baytex EnergyBTECAEnergy$49.5M−5.8%
41FirstserviceFSVCAReal estate$48.9M+11.5%
42Triple Flag Precious MetalsTFPMCAFinancials$45.8M+5.9%
43BRPDOOCAIndustrials$45.0M−0.4%
44Greenfire ResourcesGFRCAEnergy$44.0M—
45Alamos GoldAGICAMaterials$39.5M+12.5%
46Or RoyaltiesORCAMaterials$34.9M+13.7%
47SprottSIICAFinancials$33.5M+23.5%
48EnerflexEFXTCAIndustrials$17.0M+88.9%
49Colliers InternationalCIGICAReal estate$15.2M+3.7%
50Algoma SteelASTLCAMaterials$10.6M−48.8%
51Mercer InternationalMERCCAMaterials$10.0M−50.0%
52First Majestic SilverAGCAMaterials$9.8M+85.8%
53North American ConstructionNOACAEnergy$9.6M+23.3%
54Boyd Group ServicesBGSICAConsumer discretionary$9.4M−0.8%
55Hudbay MineralsHBMCAMaterials$5.6M+1.8%
56TelesatTSATCACommunication services$7,978+6.9%

All figures from SEC filings · FY2025 · 56

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{{cite web |title=Companies in Canada that pay the most in dividends |url=https://companiesranked.com/en/companies-in-canada-that-pay-the-most-in-dividends |website=CompaniesRanked |date=2026-09-25 |language=en}}

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@misc{companiesranked-en-companies-in-canada-that-pay-the-most-in-dividends-2026,
  author       = {{CompaniesRanked}},
  title        = {{Companies in Canada that pay the most in dividends}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/companies-in-canada-that-pay-the-most-in-dividends}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

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