Best Dividend Aristocrats this February 2026 in Canada

Invesco S&P/TSX Canadian Dividend Aristocrats ESG Index ETF (ICAE) focuses on delivering reliable income through dividend-growth stocks from financially healthy companies. With a dividend yield of 3.04% and a solid 1-year return of 12.34%, this ETF stands out for investors prioritizing sustainability and consistent payouts. Additionally, it pays a monthly cash distribution of $0.06807 per unit, making it an appealing choice for those seeking steady income in their portfolios.

goeasy Ltd (GSY) stands out as a Dividend Aristocrat, having delivered over 20 years of consistent dividend growth and currently offering a yield of approximately 4.45%. Despite a challenging year with a 32.66% decline in returns, analysts maintain a favorable outlook, with an average price target of C$193.00, signaling potential for recovery and growth. With a low forward P/E of 6.6, GSY presents an attractive opportunity for investors seeking reliable income from financially healthy companies.

The average twelve-month price target for goeasy (GSY) is C$193.00, with a potential upside of 49.10% from the current price of C$129.44. The highest target is C$245.00, and the lowest is C$135.00.

Cenovus Energy Inc. has recently been recognized as part of the S&P/TSX Canadian Dividend Aristocrats Index, reflecting its strong track record of consistent dividend payouts. With a dividend yield of 3.21% and impressive returns of 24.76% over the past year, it positions itself as an appealing option for investors seeking reliable income from financially stable companies. Analysts maintain a generally positive outlook, with RBC Capital rating it as "Outperform," underscoring the stock's growth potential amidst a positive forecast from moving averages.

Cenovus Energy Inc. (CVE) is currently trading at $18.77, which is near the top of its 52-week range and above its 200-day moving average, reflecting a 1.84% increase.

Cenovus stock has positive buy signals from both short and long-term moving averages, indicating a favorable forecast.

Cenovus's stock performance has been impacted by its strategic focus on funding oil sands growth at the expense of near-term production and sluggish earnings from its refining operations.

Cenovus has a Momentum Style Score of B, with shares up 10.5% in the last month, and analysts have increased earnings estimates for fiscal 2025, indicating potential for long-term growth.

The iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ) is an attractive option for investors seeking reliable income through dividend-growth stocks from financially healthy companies. With a dividend yield of 3.39% and a robust 1-year return of 12.19%, this ETF emphasizes companies that have consistently increased dividends for at least five consecutive years, underscoring its focus on stability. However, investors should be mindful of the 0.60% management fee, which slightly elevates to 0.66% when considering other costs.

CDZ is a solid ETF focused on companies with a history of increasing dividends for at least five years, offering stability and dividend growth, though it has a lower yield and higher fees compared to high-yield ETFs.

The average 12-month price target for TSE:CDZ is C$45.06, with a high of C$51.01 and a low of C$40.67 based on 86 analysts' forecasts.

CDZ has a management fee of 0.60%, which increases to a 0.66% management expense ratio, resulting in approximately C$66 in fees annually on a C$10,000 investment.

CDZ has a dividend yield of 3.36% and paid C$1.41 per share over the past year, with dividends distributed monthly.