As the Canadian market navigates a landscape shaped by evolving economic trends, investors are increasingly focused on strategies that align with their long-term financial goals. In this environment, dividend stocks can offer stability and income potential, making them an attractive option for those seeking to balance growth with reliable returns.

Top 10 Dividend Stocks In Canada

Click here to see the full list of 29 stocks from our Top TSX Dividend Stocks screener.

Here's a peek at a few of the choices from the screener.

Alaris Equity Partners Income Trust

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

Overview: Alaris Equity Partners Income Trust is a private equity firm that focuses on management buyouts, growth capital, and mature investments in the lower and middle market sectors, with a market cap of CA$869.47 million.

Operations: Alaris Equity Partners Income Trust generates its revenue primarily from unclassified services, amounting to CA$198.46 million.

Dividend Yield: 7.2%

Alaris Equity Partners Income Trust offers a high dividend yield, ranking in the top 25% of Canadian dividend payers. Its dividends are well covered by earnings with a payout ratio of 31.4%, though cash flow coverage is tighter at 83.8%. Despite recent earnings growth, Alaris has an unstable dividend track record over the past decade. Recent financials show declining quarterly revenue and net income year-over-year, but strong nine-month results with increased net income to C$156.48 million.

• Navigate through the intricacies of Alaris Equity Partners Income Trust with our comprehensive dividend report here.
• Upon reviewing our latest valuation report, Alaris Equity Partners Income Trust's share price might be too pessimistic.

Amerigo Resources

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

Overview: Amerigo Resources Ltd., operating through its subsidiary Minera Valle Central S.A., focuses on producing and selling copper and molybdenum concentrates from Codelco’s El Teniente underground mine in Chile, with a market cap of CA$263.25 million.

Operations: Amerigo Resources Ltd. generates revenue primarily from the production of copper concentrates under a tolling agreement with DET, amounting to $184.41 million.

Dividend Yield: 7.4%

Amerigo Resources shows a high dividend yield, placing it in the top 25% of Canadian dividend payers. Despite its relatively short three-year history of paying dividends, which have been volatile, the dividends are supported by earnings with a payout ratio of 72.7% and cash flows with a cash payout ratio of 35.9%. The company has returned to profitability this year, reporting US$16.82 million in net income for the first nine months. Recent share buyback plans may enhance shareholder value further.

• Dive into the specifics of Amerigo Resources here with our thorough dividend report.
• In light of our recent valuation report, it seems possible that Amerigo Resources is trading behind its estimated value.

Royal Bank of Canada

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

Overview: Royal Bank of Canada operates as a diversified financial services company worldwide with a market cap of approximately CA$251.01 billion.

Operations: Royal Bank of Canada's revenue is primarily generated from its Wealth Management segment (CA$19.60 billion), followed by Personal Banking (CA$15.54 billion), Capital Markets (CA$11.59 billion), Commercial Banking (CA$6.41 billion), and Insurance (CA$1.22 billion).

Dividend Yield: 3.3%

Royal Bank of Canada offers a stable dividend profile with consistent growth over the past decade. Recently, it increased its quarterly dividend to C$1.48 per share, reflecting a 4% rise. The bank's dividends are well-covered by earnings, with a current payout ratio of 49.7%, projected to improve to 45.7% in three years. Despite trading below estimated fair value and having reliable payouts, its yield is modest compared to top Canadian dividend payers.

• Get an in-depth perspective on Royal Bank of Canada's performance by reading our dividend report here.
• The analysis detailed in our Royal Bank of Canada valuation report hints at an inflated share price compared to its estimated value.

Taking Advantage

• Navigate through the entire inventory of 29 Top TSX Dividend Stocks here.
• Already own these companies? Bring clarity to your investment decisions by linking up your portfolio with Simply Wall St, where you can monitor all the vital signs of your stocks effortlessly.
• Unlock the power of informed investing with Simply Wall St, your free guide to navigating stock markets worldwide.

Ready For A Different Approach?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
• 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:AD.UN TSX:ARG and TSX:RY.

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