As trade uncertainties and newly announced tariffs continue to stir volatility in the Canadian market, investors are seeking stability amid fluctuating conditions. In such an environment, dividend stocks can offer a reliable income stream and potential for long-term growth, making them an attractive option for those looking to balance their portfolios against economic headwinds.

Top 10 Dividend Stocks In Canada

Click here to see the full list of 24 stocks from our Top TSX Dividend Stocks screener.

Here we highlight a subset of our preferred stocks from the screener.

Centerra Gold

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

Overview: Centerra Gold Inc. is involved in the acquisition, exploration, development, and operation of gold and copper properties across North America, Turkey, and internationally with a market cap of CA$1.89 billion.

Operations: Centerra Gold Inc.'s revenue comes from its operations at Öksüt ($465.69 million), Molybdenum ($253.01 million), and Mount Milligan ($495.80 million).

Dividend Yield: 3.1%

Centerra Gold's dividend yield is below the top tier of Canadian dividend payers, and its history of payments has been volatile over the past decade. However, dividends are well-covered by earnings and cash flows, with a payout ratio of 51.7% and a cash payout ratio of 29.1%. Recent financial improvements include returning to profitability with net income reaching US$80.39 million in 2024, supporting its CAD0.07 per share quarterly dividend approved for March 2025 distribution.

• Unlock comprehensive insights into our analysis of Centerra Gold stock in this dividend report.
• In light of our recent valuation report, it seems possible that Centerra Gold is trading behind its estimated value.

Richards Packaging Income Fund

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

Overview: Richards Packaging Income Fund, with a market cap of CA$296 million, operates in North America by designing, manufacturing, and distributing packaging containers and healthcare supplies.

Operations: Richards Packaging Income Fund generates revenue primarily through its Wholesale - Miscellaneous segment, which accounted for CA$407.78 million.

Dividend Yield: 6.2%

Richards Packaging Income Fund offers a stable dividend yield of 6.25%, although it is slightly below the top tier in Canada. The dividends are well-supported by earnings and cash flows, with payout ratios of 40.3% and 37.4% respectively, indicating sustainability. Recent financials show a decline in sales to C$407.78 million for 2024, but dividends have remained reliable and growing over the past decade, providing consistent monthly payouts of C$0.11 per unit despite leadership changes following Gerry Glynn's passing.

• Get an in-depth perspective on Richards Packaging Income Fund's performance by reading our dividend report here.
• Our expertly prepared valuation report Richards Packaging Income Fund implies its share price may be lower than expected.

Whitecap Resources

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

Overview: Whitecap Resources Inc. operates in the acquisition, development, and production of petroleum and natural gas properties in Western Canada, with a market cap of CA$5.43 billion.

Operations: Whitecap Resources Inc. generates revenue primarily from its oil and gas exploration and production segment, amounting to CA$3.34 billion.

Dividend Yield: 7.9%

Whitecap Resources offers an attractive dividend yield of 7.86%, ranking it among the top 25% of Canadian dividend payers. The dividend is well-covered by earnings and cash flows, with payout ratios of 53.4% and 61%, respectively, ensuring sustainability. Recent strategic moves include a C$15 billion merger with Veren Inc., enhancing its scale in the Montney and Duvernay regions, potentially improving profitability and shareholder returns despite forecasted earnings declines over the next three years.

• Click here and access our complete dividend analysis report to understand the dynamics of Whitecap Resources.
• The valuation report we've compiled suggests that Whitecap Resources' current price could be quite moderate.

Summing It All Up

• Click here to access our complete index of 24 Top TSX Dividend Stocks.
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Looking For Alternative Opportunities?

• 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:CG TSX:RPI.UN and TSX:WCP.

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