1.Dynacor Group
DNG.TO (TSX)
Dynacor Group has declared a monthly dividend of C$0.01333 per share, translating to an annual payout of C$0.16, which is payable on February 17, 2026, to shareholders on record by February 9. With a solid dividend yield of 2.53% and impressive 5-year returns of 262.43%, this stock presents a compelling opportunity for investors seeking reliable income and growth. Analysts rate DNG highly, indicating a positive long-term outlook, supported by a general buy signal as the stock's short-term average outperforms its long-term average.
Pros:
- Strong long-term return performance
- Monthly dividend distribution
Cons:
- Market volatility risk
- Dependence on commodity prices
2.Canadian Utilities
CU-X.TO (TSX)
Canadian Utilities continues to showcase its commitment to consistent returns, marking its 54th consecutive dividend increase with a 1% rise to $0.4623 quarterly, translating to a solid yield of 5.53%. Despite a 1-year return of -9.71%, the company is projected to achieve CA$4.6 billion in revenue by 2028, suggesting a promising growth trajectory fueled by a necessary 7.4% annual revenue increase. This makes it an appealing choice for investors seeking reliable income from financially robust companies.
Pros:
- 54th consecutive dividend increase
- Stable dividend distribution
Cons:
- Negative 1-year return
- Market volatility risk
3.Manulife Financial
MFC-PM.TO (TSX)
Manulife Financial stands out as an attractive option for investors seeking reliable income, offering a robust dividend yield of 5.71% backed by its diversified insurance and wealth management earnings. With a solid one-year return of 6.63% and an impressive five-year return of 21.67%, the company demonstrates strong financial health, reflected in its A+ financial strength rating. However, it's worth noting that the stock's price-to-earnings ratio of 15.7x suggests it may be slightly overvalued, indicating the need for careful consideration.
Pros:
- Strong dividend yield
- Diverse earnings from insurance and wealth management
Cons:
- Overvalued based on Price-to-Earnings ratio
- Market volatility risk
4.MTY Food Group
MTY.TO (TSX)
MTY Food Group recently increased its quarterly dividend by 12% to $0.37 per share, offering a dividend yield of 3.19%. Despite facing a 1-year return of -16.73%, the stock holds buy signals from both short and long-term Moving Averages, suggesting a positive outlook. Analysts maintain an "Outperform" rating, indicating potential for recovery in the consumer cyclical sector.
Pros:
- Recent dividend increase
- Positive short-term stock signals
Cons:
- Negative 1-year and 5-year returns
- Lower consensus rating compared to peers
Final Words
As you consider the best dividend stocks for February 2026 in Canada, remember to evaluate your investment options carefully. Take time to compare these opportunities and conduct your own research to make informed decisions that align with your financial goals.
Frequently Asked Questions
Canadian Utilities has a dividend yield of 5.53% for 2026, following its 54th consecutive dividend increase to $0.4623 quarterly.
Over the past year, Canadian Utilities has experienced a return of -9.71%. However, its 3-month return stands at 17.09%, indicating a recent recovery.
Canadian Utilities operates in the utilities sector, specifically focusing on electricity transmission and distribution, natural gas services, and energy infrastructure development across multiple regions.
Canadian Utilities distributes dividends quarterly, providing investors with regular income throughout the year.
When investing in dividend stocks, consider factors such as the company's dividend history, yield, payout ratio, and overall financial health. It's also important to assess how market conditions could impact the stock's performance.
The ticker symbol for Canadian Utilities is CU-X.TO, and it is listed on the TSX.
Canadian Utilities has a market cap of $8.73 billion, which is an important factor to consider when comparing it with other dividend stocks in the same sector.
