As the Bank of Canada prepares to meet, investors are closely watching for signs that current interest rates will continue to support the Canadian economy amidst cooling price pressures. In this environment, dividend stocks on the TSX can offer stability and income potential, making them an attractive option for those seeking reliable returns in a market characterized by cautious monetary policy.

Top 10 Dividend Stocks In Canada

Name	Dividend Yield	Dividend Rating
Transcontinental (TSX:TCL.A)	3.88%	★★★★★☆
Toronto-Dominion Bank (TSX:TD)	3.32%	★★★★★☆
Pulse Seismic (TSX:PSD)	12.34%	★★★★★☆
Power Corporation of Canada (TSX:POW)	3.51%	★★★★★☆
Olympia Financial Group (TSX:OLY)	6.21%	★★★★★☆
National Bank of Canada (TSX:NA)	3.00%	★★★★★☆
Great-West Lifeco (TSX:GWO)	3.79%	★★★★★☆
Firm Capital Mortgage Investment (TSX:FC)	8.39%	★★★★★☆
Canadian Imperial Bank of Commerce (TSX:CM)	3.41%	★★★★★☆
Bank of Montreal (TSX:BMO)	3.56%	★★★★★☆

Click here to see the full list of 19 stocks from our Top TSX Dividend Stocks screener.

We’ll examine a selection from our screener results.

Canadian Imperial Bank of Commerce

Simply Wall St Dividend Rating: ★★★★★☆

Overview: Canadian Imperial Bank of Commerce is a diversified financial institution offering a range of financial products and services to personal, business, public sector, and institutional clients across Canada, the United States, and internationally, with a market cap of CA$117.57 billion.

Operations: Canadian Imperial Bank of Commerce generates revenue from Canadian Personal and Business Banking (CA$10.27 billion), Capital Markets and Direct Financial Services (CA$5.94 billion), U.S. Commercial Banking and Wealth Management (CA$3.04 billion), and Canadian Commercial Banking and Wealth Management (CA$6.74 billion).

Dividend Yield: 3.4%

Canadian Imperial Bank of Commerce offers a stable dividend with a payout ratio of 45%, ensuring dividends are well covered by earnings. Although its current yield of 3.41% is lower than the top Canadian dividend payers, it remains reliable and has grown over the past decade. Recent fixed-income offerings indicate robust financial management, while earnings have shown significant growth, enhancing its capacity to sustain and potentially increase future dividends.

• Click here and access our complete dividend analysis report to understand the dynamics of Canadian Imperial Bank of Commerce.
• Our valuation report unveils the possibility Canadian Imperial Bank of Commerce’s shares may be trading at a discount.

TSX:CM Dividend History as at Jan 2026Suncor Energy

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Suncor Energy Inc. is an integrated energy company operating in Canada, the United States, and internationally with a market cap of CA$83.97 billion.

Operations: Suncor Energy Inc.’s revenue segments include Oil Sands at CA$25.06 billion, Refining and Marketing at CA$30.57 billion, and Exploration and Production at CA$2.03 billion.

Dividend Yield: 3.4%

Suncor Energy’s dividend is supported by a 53.1% payout ratio and a low cash payout ratio of 36%, indicating strong coverage from earnings and cash flows. Despite recent volatility, dividends have grown over the past decade. Trading at 14.9% below fair value suggests potential upside, though its yield of 3.42% lags behind top Canadian payers. Recent debt financing of $1 billion aims to manage existing liabilities, reflecting prudent financial management amidst fluctuating profit margins.

• Delve into the full analysis dividend report here for a deeper understanding of Suncor Energy.
• Our comprehensive valuation report raises the possibility that Suncor Energy is priced lower than what may be justified by its financials.

TSX:SU Dividend History as at Jan 2026Alphamin Resources

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Alphamin Resources Corp. and its subsidiaries focus on the production and sale of tin concentrate, with a market capitalization of approximately CA$1.79 billion.

Operations: Alphamin Resources Corp. generates revenue primarily from the production and sale of tin concentrate, amounting to $574.22 million.

Dividend Yield: 5.5%

Alphamin Resources’ dividend is covered by earnings and cash flows, with a payout ratio of 81.9% and a cash payout ratio of 46.2%. Despite being in the top 25% for yield in Canada, its dividend history is unstable due to volatility over its four-year payment period. The company’s P/E ratio of 11.1x suggests good value compared to the Canadian market average. Recent executive changes may impact future strategic direction but production guidance remains positive with an increase expected in tin output for 2026.

• Get an in-depth perspective on Alphamin Resources’ performance by reading our dividend report here.
• Insights from our recent valuation report point to the potential undervaluation of Alphamin Resources shares in the market.

TSXV:AFM Dividend History as at Jan 2026Key Takeaways

• Navigate through the entire inventory of 19 Top TSX Dividend Stocks here.
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Interested In Other Possibilities?

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• Find companies with promising cash flow potential yet trading below their fair value.

This article by Simply Wall St is general in nature. We provide commentary based on historical data
and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your
financial situation. We aim to bring you long-term focused analysis driven by fundamental data.
Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include TSX:CM TSX:SU and TSXV:AFM.

This article was originally published by Simply Wall St.

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