3 Top Dividend Stocks On The TSX To Enhance Your Portfolio

As Canadian markets navigate a landscape of cooling inflation and strong economic momentum, investors are finding renewed confidence with the TSX reaching new all-time highs. In this favorable environment, dividend stocks stand out as attractive options for those looking to enhance their portfolios through steady income and potential capital appreciation.

Top 10 Dividend Stocks In Canada

Name	Dividend Yield	Dividend Rating
Peyto Exploration & Development (TSX:PEY)	5.61%	★★★★★☆
Olympia Financial Group (TSX:OLY)	6.52%	★★★★☆☆
Manulife Financial (TSX:MFC)	3.17%	★★★★★☆
Genesis Land Development (TSX:GDC)	6.93%	★★★★☆☆
Freehold Royalties (TSX:FRU)	6.17%	★★★★☆☆
Firm Capital Mortgage Investment (TSX:FC)	7.91%	★★★★☆☆
Corby Spirit and Wine (TSX:CSW.A)	6.11%	★★★★★☆
Canadian Natural Resources (TSX:CNQ)	3.62%	★★★★★☆
Andrew Peller (TSX:ADW.A)	3.08%	★★★★★☆
Amerigo Resources (TSX:ARG)	6.61%	★★★★☆☆

Click here to see the full list of 11 stocks from our Top TSX Dividend Stocks screener.

Let's uncover some gems from our specialized screener.

Andrew Peller (TSX:ADW.A)

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

Overview: Andrew Peller Limited produces and markets wines and craft beverage alcohol products in Canada, with a market cap of CA$384.04 million.

Operations: Andrew Peller Limited generates revenue of CA$389.15 million from the production and marketing of wine, spirits, craft beer, and related products in Canada.

Dividend Yield: 3.1%

Andrew Peller Limited, recently acquired by Fairfax Financial Holdings for approximately C$400 million, is set to delist from the Toronto Stock Exchange. Despite a reliable dividend history with stable payments over the past decade and a payout ratio of 41.8%, its 3.08% yield lags behind top Canadian dividend payers. The acquisition price offered premiums on share values but faced criticism for undervaluing Class A shares and potentially impacting future dividend prospects post-delistment.

• Click here and access our complete dividend analysis report to understand the dynamics of Andrew Peller.
• Upon reviewing our latest valuation report, Andrew Peller's share price might be too pessimistic.

Canadian Natural Resources (TSX:CNQ)

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

Overview: Canadian Natural Resources Limited is involved in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas, and natural gas liquids across Western Canada, the United Kingdom sector of the North Sea, and Offshore Africa with a market cap of approximately CA$140.97 billion.

Operations: Canadian Natural Resources Limited generates revenue primarily from its Oil Sands Mining and Upgrading segment at CA$20.82 billion, Exploration and Production - North America at CA$21.31 billion, Midstream and Refining at CA$1.03 billion, Exploration and Production - North Sea at CA$243 million, and Exploration and Production - Offshore Africa at CA$88 million.

Dividend Yield: 3.6%

Canadian Natural Resources offers a stable dividend with a yield of 3.62%, covered by earnings and cash flows, supported by a payout ratio of 43% and cash payout ratio of 53.4%. The company has consistently increased dividends over the past decade. Recent financial performance shows strong revenue growth to C$14.74 billion in Q2 2026, with net income rising significantly, reinforcing its dividend reliability despite trading below estimated fair value and facing projected earnings declines.

• Get an in-depth perspective on Canadian Natural Resources' performance by reading our dividend report here.
• According our valuation report, there's an indication that Canadian Natural Resources' share price might be on the cheaper side.

Olympia Financial Group (TSX:OLY)

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

Overview: Olympia Financial Group Inc., with a market cap of CA$249.06 million, operates in Canada as a non-deposit taking trust company through its subsidiary, Olympia Trust Company.

Operations: Olympia Financial Group Inc. generates revenue through several segments, including Raisr (CA$1.65 million), Benefits (CA$10.54 million), Corporate (CA$0.04 million), Investment Account Services (IAS) (CA$72.10 million), and Corporate and Shareholder Services (CSS) (CA$4.76 million).

Dividend Yield: 6.5%

Olympia Financial Group's dividend yield of 6.52% ranks in the top 25% of Canadian payers, yet its sustainability is questionable due to a high payout ratio (109.1%) and volatile past payments. Recent earnings showed a decline, with Q2 revenue at C$21.43 million and net income at C$3.67 million, down from last year. Despite this, monthly dividends were affirmed at C$0.50 per share for August 2026, indicating continued commitment to payouts amidst financial challenges.

• Navigate through the intricacies of Olympia Financial Group with our comprehensive dividend report here.
• Upon reviewing our latest valuation report, Olympia Financial Group's share price might be too optimistic.

Seize The Opportunity

• Access the full spectrum of 11 Top TSX Dividend Stocks by clicking on this link.
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Contemplating Other Strategies?

• 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.

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