Best Dividend Stocks this July 2026 in Canada

Firm Capital Mortgage Investment Corp. stands out as a compelling option for income-seeking investors, boasting a robust dividend yield of 8.41%. Despite a challenging market environment reflected in a -1.06% one-year return and a -17.60% five-year return, it holds a strong A- analyst rating, indicating confidence in its future potential. This Canadian mortgage investment company remains an attractive choice for those looking for reliable income from a financially sound entity.

Enbridge Inc. stands out as North America's largest natural gas utility, serving 7.1 million customers while boasting a robust 5.78% dividend yield. With a commendable A- analyst rating, this leading Canadian energy infrastructure company has demonstrated solid performance, offering a 6.05% return over the past year and an impressive 36.21% over five years. Ideal for investors seeking reliable income and consistent payouts, Enbridge has maintained a remarkable 25-year streak of dividend payments.

Enbridge Gas is a natural gas utility, serving 7.1 million customers across North America.

For account or billing inquiries related to Enbridge Gas, call 1-877-362-7434.

Sun Life Inc. stands out as a Canadian financial services company known for its dependable dividend history and is featured among adjusted dividend growth picks for 2026. With a solid dividend yield of 3.66%, investors can appreciate its strong performance, highlighted by a 22.35% return over the past year and an impressive 74.11% over five years. Analyst ratings, including a recent downgrade to "Sector Perform" by RBC Capital, still reflect a generally positive outlook for this financially healthy company.

Telus Corp, a prominent player in the Canadian telecommunications market, boasts a robust dividend yield of over 10%. Despite facing a significant 1-year return decline of nearly 27% and a 5-year drop of 43%, it remains a top TSX dividend pick for 2026, appealing to investors seeking reliable income from financially healthy companies. Analysts have mixed sentiments, with B of A Securities recently upgrading it to a Buy, while JP Morgan downgraded its rating to Underweight, indicating a divergence in outlook.

BCE Inc. stands out as a major player in the Canadian utility and telecom sector, recognized for its reliable monthly dividends. With a solid dividend yield of 5.67% and impressive 1-year and 5-year returns of 17.14% and 17.84% respectively, it has earned a place in the Dogs of the TSX strategy for 2026. Analysts maintain a positive outlook, with a B+ rating, indicating it’s a strong candidate for investors seeking consistent income from financially stable companies.

Emera Inc. stands out as a reliable investment with a solid 4.05% dividend yield and a commendable 17-year streak of consistent payouts. This Canadian utility company has delivered impressive one-year returns of 23.77% and five-year returns of 34.66%, making it an attractive option for investors seeking steady income from financially healthy companies. While analysts have given it a B- rating, with some maintaining a neutral stance, its performance and commitment to dividends reinforce its position in the market.

Analysts have a consensus rating of 'Neutral' for Emera Incorporated, with 5 recommending a buy, 2 suggesting a sell, and 8 advising to hold.

Canadian Natural Resources Ltd. stands out as a major player in the Canadian energy sector, boasting a robust dividend yield of 4.17%. With impressive performance metrics, including a 1-year return of nearly 30% and a remarkable 5-year return of 158.75%, it has garnered strong analyst support, with firms like Goldman Sachs and RBC Capital maintaining a "Buy" and "Outperform" rating, respectively. This combination of consistent payouts and solid revenue growth makes it an attractive option for investors seeking reliable income and capital appreciation.

Analysts have set an average 1-year price target of 72.36 CAD for CNQ, with a low estimate of 61.61 CAD and a high estimate of 94.5 CAD.

Pizza Pizza Royalty Corp. offers an appealing dividend yield of 6.90%, making it a solid choice for investors looking for reliable income from a well-regarded royalty company. Despite a 1-year return of -11.95%, the stock has demonstrated a robust 20.79% return over the past five years, reflecting the company's potential for growth. With an A- analyst rating and a projected 155% compound annual growth rate for revenue over the next three years, the firm is well-positioned for future success in the quick-service restaurant sector.

PZA has experienced a 2% compound annual growth rate (CAGR) in revenue over the past 13 years, with a projected CAGR of 155% for the next three years.

PZA, or Pizza Pizza Royalty Corp, owns and franchises quick-service restaurants under the Pizza Pizza and Pizza 73 brands.

TC Energy Corp. stands out as a top choice among Canadian natural gas pipeline companies, recognized for its steady dividend growth and inclusion in the top 2026 dividend buys. With a dividend yield of 3.50%, it has delivered impressive returns of 47.51% over the past year and 58.84% over five years, making it an attractive option for investors seeking reliable income from financially healthy enterprises. While RBC Capital maintains an "Outperform" rating, Goldman Sachs has recently upgraded its stance to "Neutral," reflecting a range of analyst perspectives on this promising investment.