Best Dividend Stocks this May 2026 in Canada

Royal Bank of Canada (RY) stands out as a top-rated dividend stock on the TSX, offering reliable income through consistent payouts. With a dividend yield of 3.72% and impressive total returns of 54.44% over the past year, it is an attractive option for investors seeking solid dividend-growth opportunities from financially healthy companies. Despite mixed analyst ratings, including a 'maintain' from Barclays and an 'outperform' from Credit Suisse, RY remains a strong contender for income-focused portfolios.

The Royal Bank of Canada (RY) has a total return of 54.44% over the past year and 123.86% over the last five years, meaning a $1,000 investment five years ago would now be worth $2,238.56.

Finning International (FTT) stands out as a top-performing industrial distributor, recognized for its robust dividend performance. With a dividend yield of 1.32% and impressive returns of 153.51% over the past year and 210.18% over five years, this stock garners a consensus rating of "Buy" from analysts, with 8 out of 9 recommending an investment. Its strong dividend history and consistent payouts make it an attractive option for investors seeking reliable income from financially healthy companies.

The consensus rating for Finning International (FTT) is 'Buy', with 8 out of 9 analysts recommending it as a buy.

Toronto-Dominion Bank (TD) stands out as a major financial services stock, consistently recognized for its robust dividend payments on the TSX. With a solid dividend yield of 3.57%, investors can expect reliable income along with impressive returns—20.84% over the past year and 91.42% over the last five years. Supported by strong analyst ratings from Credit Suisse and RBC Capital, TD remains a top choice for those prioritizing dividend stability and growth potential.

Scotiabank is a strong buy for investors seeking domestic growth in Canada and long-term international growth, making it a compelling total return option.

Toronto-Dominion Bank (TD) has a 5-year total return of 91.42%, meaning a $1,000 investment five years ago is now worth $1,914.20, including price appreciation and reinvested dividends.

Lundin Gold (LUG) stands out as a top-performing Canadian dividend stock, boasting an impressive dividend yield of 4.36% and a remarkable one-year return of 81.62%. With a five-year return of 730.07%, it has captured the attention of analysts, earning a solid B+ rating, and showcasing strong growth potential with price targets averaging C$98.17. This makes Lundin Gold an attractive option for investors seeking reliable income and capital appreciation from financially healthy companies.

Lundin Gold (LUG) has an average price target of C$98.17 from four analysts, indicating a potential downside of 4.09% from its current price of C$102.35.

All analysts recommend Goro as a Strong Buy, with no recommendations for Buy, Hold, Sell, or Strong Sell.

Saputo (SAP) stands out as a top Canadian dividend stock, boasting a solid dividend yield of 1.83%. With a remarkable one-year return of 51.08%, it's an attractive choice for investors seeking reliable income from financially healthy companies. The consensus among analysts is a "Buy," with ratings from RBC Capital and National Bank Financial Inc indicating strong potential for growth.

The consensus rating for Saputo is 'Buy' based on insights from 10 analysts.

Analysts consider SAP SE a strong buy among European stocks, despite some cautious near-term outlooks.

SAP is facing challenges as customers leave due to rapid product changes, complex migrations, and difficult partner relationships.

SAP shares are viewed as undervalued, with a fair value estimate of EUR 265 (ADR USD 317), which is above the consensus on long-term growth.

Tamarack Valley Energy (TVE) stands out as a top performer in Canada's energy sector, particularly for investors seeking reliable income through dividend stocks. With a notable dividend yield of 1.57%, the company has delivered impressive returns of 215.96% over the past year and an extraordinary 428.00% over the last five years. Although the consensus rating leans towards a Moderate Buy, it is essential to consider that the average for energy companies is currently a Hold, indicating some caution in the sector.

Tamarack Valley Energy has a consensus rating of Moderate Buy, compared to a Hold rating for the average energy company.

Major shareholders of Tamarack Valley Energy include Invesco Small Cap Value Fund Class A, DFA International Small Cap Value Portfolio, and Dimensional International Small Cap Value ETF.

TC Energy has a consensus rating of Hold, with 33% of analysts recommending Buy and none suggesting Strong Buy or Sell.

B2Gold (BTO) stands out among Canadian dividend-paying stocks, currently boasting a dividend yield of 1.53% and a remarkable one-year return of 58.04%. This gold mining company is recognized for its financially healthy operations and consistent payouts, making it an attractive option for investors seeking reliable income. Recent analyst ratings reflect a consensus of "Moderate Buy," with firms like Raymond James maintaining an "Outperform" position on the stock.

B2Gold has a consensus rating of 'Hold' from two Wall Street analysts, according to Scotiabank's report.

BTO stock has a consensus rating of 'Moderate Buy' from two Wall Street analysts, with one recommending a buy and the other a hold.

44% of analysts recommend a Strong Buy for Barrick Gold, while another 44% suggest a Buy, and 11% recommend holding.

Quebecor (QBR.B) stands out as a solid investment option for those seeking reliable income, boasting a dividend yield of 2.46%. With impressive returns of nearly 50% over the past year and a five-year gain of 63.69%, this communications and media company is recognized for its strong dividend credentials. Analysts are optimistic, assigning an A- rating, and setting an average price target of C$60.38, indicating further growth potential.

The average target price for Quebecor stock is C$60.38, based on 9 analysts' forecasts, with a high of C$65.63 and a low of C$54.19.

Procore Technologies (PCOR) has a consensus rating of Buy from 15 analysts, with 40% recommending Strong Buy, 40% recommending Buy, and 20% suggesting Hold.

Quebecor aims to grow by enhancing its telecommunications services and expanding digital offerings to adapt to changing consumer needs.

Barrick Mining (ABX) stands out as a leading dividend stock in the mining sector, earning recognition as one of Canada's top dividend payers for 2025. With a solid dividend yield of 1.67% and impressive one-year and five-year returns of 112.90% and 89.88% respectively, it is an attractive option for investors seeking reliable income from financially healthy companies. Analysts maintain a positive outlook, with a median 12-month price target of $50.00 and a consensus rating of Buy, reflecting confidence in Barrick's continued performance.

B stock has a consensus rating of Buy from 9 analysts, with 44% recommending Strong Buy, 44% recommending Buy, and 11% suggesting Hold.

A $1,000 investment in Berkshire Hathaway 20 years ago would be worth approximately $8,300 today, compared to about $8,200 if invested in the S&P 500.

The average twelve-month price forecast for Barrick Mining is $54.17, with a high of $77.00 and a low of $40.00, according to 21 analysts.

Berkshire Hathaway Inc. (NYSE:BRK-B) is considered one of the best S&P 500 stocks to buy, with a diverse portfolio of subsidiaries across various industries.