Best Dividend Stocks this March 2026 in Canada

National Bank of Canada (NA.TO) stands out as a financially healthy institution, delivering a solid one-year return of 60.99% and a five-year return of 132.59%. With a consistent dividend yield of 2.705%, it’s an attractive option for investors seeking reliable income. Analysts from TD Securities maintain a "Hold" rating, suggesting a stable outlook as the stock is projected to rise 3.71% over the next three months.

The stock is projected to rise 3.71% over the next three months, with a 90% probability of trading between $170.81 and $199.91 by the end of that period.

National Bank of Canada (TSX:NA) has delivered a solid one-year total return of 41.6%, supported by multi-year gains and double-digit annual revenue growth.

The average twelve-month price target for NA stock is C$191.10, with a forecasted upside of 0.38% from the current price of C$190.37.

With a history of 52 years of dividend growth, Fortis (FTS.TO) remains an attractive choice for investors seeking reliable income, currently offering a dividend yield of 3.23%. Recently, the stock has demonstrated strong performance, boasting a one-year return of 22.47% and a remarkable five-year return of 57.67%, reflecting solid growth momentum. Analyst ratings are mixed, with RBC Capital maintaining a "Sector Perform" and Credit Suisse holding a "Neutral" stance, indicating a stable outlook amid ongoing market fluctuations.

FTS has shown strong momentum with a 1-year total shareholder return of 29.18% and a 5-year return of 90.71%, supported by recent earnings updates and dividends.

FTS shares have decreased by $0.56, or 0.98%, since the last market close, opening at $56.96.

Fortis has shown strong performance in the healthcare sector, benefiting from structural growth momentum.

Enbridge (ENB.TO) stands out as a strong energy infrastructure player, boasting a robust dividend yield of 5.41% backed by stable, contract-supported assets. With a remarkable 20.09% return over the past year and a solid 67.12% over five years, it remains a compelling choice for investors seeking reliable income and growth potential. Analysts at RBC Capital continue to endorse the stock with an "Outperform" rating, indicating confidence in its ongoing performance.

ENB is currently trading near its 52-week high and has risen 1.39% recently, indicating potential for growth.

Enbridge projects EBITDA of $20.2 billion to $20.8 billion for 2026, with a DCF per share of $5.70 to $6.10, and a dividend payout ratio of approximately 66%.

Warren Buffett has not added Enbridge to Berkshire Hathaway's portfolio, but NEAM holds a small stake in the company.

Lundin Gold stands out as a top-performing gold miner, offering reliable dividends and impressive returns, including a remarkable 197.87% increase over the past year. With a solid dividend yield of 3.54%, this stock is an attractive choice for investors looking for steady income from financially robust companies. Analysts maintain a positive outlook, with price targets averaging C$93.25, underscoring its potential for further growth.

Lundin Gold (LUG) has an average price target of C$93.25 from six analysts, indicating a potential downside of 27.47% from its current price of C$128.57.

The 7% rule suggests selling a stock if its price drops 7% or more below your purchase price.

Financial analysts have set a price target of $3.75 for GoldMining Inc (GLDG), indicating no expected increase from the current stock price.

It's advisable to avoid selling quality investments during market declines, as jumping in and out of the market can lead to poor decisions.