Best Dividend Stocks in Canada This November 2025
Canadian investors are increasingly seeking stable income streams in a volatile market. According to Global Affairs Canada, dividend investments have grown by 22% in portfolio allocations over the past year. With economic uncertainty continuing to challenge traditional investment strategies, savvy investors are turning to monthly dividend investments as a reliable source of consistent returns. This comprehensive guide will unveil the top dividend stocks that offer Canadian investors both financial stability and potential growth in November 2025.
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Summary Table for Best Dividend Stocks in Canada This November 2025
| Stock | Dividend | 1-Year Return | Learn More |
|---|---|---|---|
|
Enbridge Inc Dividend Income |
5.84% | 500% | Learn More |
|
BCE Inc Dividend Income |
5.40% | -22.87% | Learn More |
|
TC Energy Corporation (TRP) Dividend Income |
4.84% | 14.14% | Learn More |
|
Canadian Natural Resources Limited (CNQ) Dividend Income |
5.24% | 0.15% | Learn More |
|
Bank of Nova Scotia (BNS) Dividend Income |
4.79% | 25.71% | Learn More |
|
Telus Corporation (T) Dividend Income |
8.12% | 12% | Learn More |
|
Pembina Pipeline Corporation (PPL) Dividend Income |
5.13% | 12.8% | Learn More |
|
Emera Incorporated (EMA) Dividend Income |
4.2% | 34.73% | Learn More |
|
Toronto-Dominion Bank (TD) Dividend Income |
3.64% | 56.72% | Learn More |
|
Power Corporation of Canada (POW) Dividend Income |
3.85% | 56.39% | Learn More |
|
Waste Connections Inc Dividend Income |
0.75% | 20% | Learn More |
|
Sun Life Financial Inc Dividend Income |
4.12% | 15.16% | Learn More |
1. Enbridge Inc
Enbridge is a multinational pipeline and energy company that transports crude oil, natural gas, and generates renewable energy across North America. With a robust portfolio of midstream assets and a strong dividend history, Enbridge offers investors a defensive and growing investment opportunity in the energy sector.
Enbridge Inc
- Transports 30% of North America's crude oil
- Moves 20% of North America's natural gas
- Multi-billion-dollar project backlog
- Extensive midstream infrastructure across U.S. and Canada
Pros
- Recurring, defensive revenue stream
- Strong dividend history
- Extensive energy infrastructure
- Multi-billion-dollar project pipeline
Cons
- Exposure to energy market volatility
- Dependence on fossil fuel infrastructure
- Potential regulatory challenges
Why is it Our Top Pick?
Enbridge stands out as a top investment due to its defensive business model, consistent dividend growth of 9% annually over 20 years, and strategic positioning in North American energy infrastructure. The company's diversified assets and essential service provision make it a resilient long-term investment.
2. BCE Inc
BCE is a leading Canadian communications company providing comprehensive wireless, wireline, internet, and television services across Canada. With a resilient business model and essential service offerings, BCE presents a reliable investment opportunity in the telecommunications sector.
- Wireless and internet service provider
- Offers broadband and television services
- Nationwide telecommunications coverage
- Diversified communication solutions
Pros
- Recession-resistant business model
- Essential service offerings
- Nationwide infrastructure
- Consistent revenue streams
Cons
- Recent stock price underperformance
- Potential dividend reduction
- Competitive telecommunications market
- Technology sector volatility
3. TC Energy Corporation (TRP)
TC Energy is a leading North American energy infrastructure company with a robust history of consistent dividend growth. With operations spanning natural gas, oil, and power industries, the company offers investors a stable, high-yield dividend stock with over 25 years of consecutive dividend increases.
TC Energy Corporation (TRP)
- North American energy infrastructure company
- Operations in natural gas, oil, and power industries
- Traded on Toronto Stock Exchange and New York Stock Exchange
- Recently separated South Bow Corporation as an independent entity
Pros
- Stable energy infrastructure business
- Strong dividend track record
- Diversified energy sector operations
- Investment-grade publicly listed company
Cons
- Currency exchange rate risks
- Potential default risks in bond investments
- Sensitive to energy market fluctuations
- Potential regulatory challenges in energy sector
4. Canadian Natural Resources Limited (CNQ)
Canadian Natural Resources is a leading independent crude oil and natural gas producer with exceptional long-term performance and a robust cash flow strategy. With a significant market presence and a history of delivering strong returns, the company offers investors an attractive dividend yield and proven resilience in the energy sector.
Canadian Natural Resources Limited (CNQ)
- Independent crude oil and natural gas producer
- Acquisition, exploration, and production expertise
- Strong market capitalization of $93.356B
- Quarterly dividend policy since 2001
Pros
- Proven reserves and cost advantages
- High return on investment (ROIC 11.28%)
- Competitive leadership in energy sector
- Resilient business model
Cons
- Sensitivity to oil market volatility
- Potential geopolitical risks
- Dependence on global energy prices
- Cyclical nature of energy industry
5. Bank of Nova Scotia (BNS)
Bank of Nova Scotia is a leading Canadian banking institution offering robust dividend potential, with a consistently strong market presence and a moderate buy consensus from financial analysts. The stock provides investors with steady income through its attractive dividend yield and relatively stable performance.
Bank of Nova Scotia (BNS)
- Blue-chip Canadian banking stock
- Consensus rating of Moderate Buy
- Average price target of $87.53
- Return on Equity (ROE) of 8.59%
Pros
- Strong market capitalization
- Diversified banking services
- Attractive dividend yield
- Relatively low volatility
Cons
- Company-specific investment risks
- Potential impact from banking sector competition
- Limited near-term growth prospects
6. Telus Corporation (T)
Telus Corporation is a leading Canadian telecommunications company offering an exceptionally high dividend yield and consistent income generation potential. Despite challenges in the telecom sector, Telus remains a reliable stock with a strong commitment to shareholder returns.
Telus Corporation (T)
- High dividend yield of 8.12%
- Quarterly dividend payments
- Consistent free cash flow
- Moderate Buy consensus rating
Pros
- Strong dividend commitment
- Stable telecom infrastructure
- Growing health business segment
- Consistent cash flow
Cons
- Limited near-term earnings growth
- Ongoing telecom sector competition
- Volatile stock performance
- Potential pressure from market challenges
7. Pembina Pipeline Corporation (PPL)
Pembina Pipeline Corporation is a leading Canadian energy infrastructure company that provides essential transportation and midstream services across North America. The company stands out for its robust dividend yield and consistent quarterly payouts, making it an attractive option for income-focused investors.
Pembina Pipeline Corporation (PPL)
- Energy transportation and midstream services
- Operations across Pipelines, Facilities, Marketing & New Ventures
- Extensive infrastructure in Canadian energy sector
- Geographically diverse energy portfolio
Pros
- Stable energy infrastructure business
- Regular and reliable dividend income
- Positive analyst recommendations
- Diversified energy services portfolio
Cons
- Sensitivity to oil and gas market fluctuations
- Potential regulatory challenges
- Dependent on North American energy market conditions
8. Emera Incorporated (EMA)
Emera Incorporated is a geographically diverse energy and services company investing in electricity generation, transmission, and distribution across multiple markets. With a strong dividend yield and consistent performance, the company offers investors a stable opportunity in the utility sector.
Emera Incorporated (EMA)
- Electricity generation and distribution
- Operations in United States, Canada, and Barbados
- Diverse energy infrastructure investments
- Quarterly dividend payments
Pros
- Geographically diverse energy portfolio
- Stable utility sector performance
- Reliable dividend income
- Positive earnings growth
Cons
- Potential regulatory risks
- Dependence on energy market conditions
- Potential infrastructure investment challenges
- Sensitivity to economic fluctuations
9. Toronto-Dominion Bank (TD)
Toronto-Dominion Bank is a leading Canadian financial institution offering robust dividend returns and strong market performance. With a consistent dividend yield and impressive year-to-date returns, TD provides investors with a reliable and potentially lucrative investment opportunity in the banking sector.
Toronto-Dominion Bank (TD)
- Leading Canadian banking institution
- Strong presence in North American financial markets
- Consistent dividend payment history
- Diversified financial services portfolio
Pros
- Consistently growing dividend payments
- Strong financial performance
- Solid market reputation
- Diversified financial services
Cons
- Potential market volatility
- Sensitivity to economic changes
- Regulatory challenges in banking sector
- Competitive banking landscape
10. Power Corporation of Canada (POW)
Power Corporation of Canada is a dynamic management and holding company specializing in financial services across North America, Europe, and Asia. With a strong dividend track record and impressive returns, the company offers investors a comprehensive exposure to international financial markets.
Power Corporation of Canada (POW)
- International financial services holding company
- Diversified investment portfolio
- Strong presence in insurance and wealth management
- Alternative investment platforms
Pros
- Resilient through economic challenges
- Diversified investment strategy
- Attractive dividend yield
- Long-term growth potential
Cons
- Complexity of holding company structure
- Potential international market risks
- Dependency on financial services sector
- Sensitivity to economic fluctuations
11. Waste Connections Inc
Waste Connections is a leading North American waste management company that provides comprehensive non-hazardous waste collection, transfer, and disposal services across the United States and Canada. With strong market positioning and a consistent dividend, the company offers investors a stable opportunity in the essential waste management sector.
Waste Connections Inc
- Third-largest integrated waste management provider in North America
- Comprehensive waste collection, transfer, and recycling services
- Strong presence in United States and Canada
- Consistent dividend growth
Pros
- Essential service with stable demand
- Long-term consistent performance
- Diverse waste management services
- Positive analyst recommendations
Cons
- Low current dividend yield
- Underperformed S&P/TSX Composite Index recently
- Negative year-to-date performance
- Modest recent stock price movements
12. Sun Life Financial Inc
Sun Life Financial is a robust insurance and financial services company offering strong stability and growth potential for investors. With consistent earnings growth and a solid dividend yield, the company provides an attractive investment opportunity in the financial sector.
Sun Life Financial Inc
- Strong financial stability
- Well-capitalized insurance enterprise
- Consistent earnings growth
- Quarterly dividend payments
Pros
- Undervalued stock potential
- Reliable dividend income
- Strong long-term performance
- Established financial services provider
Cons
- Underperformed Canadian Insurance industry
- Growth Score of D
- Market volatility risks
- Potential Medicaid funding uncertainties
Final Words
Selecting the ideal financial product ultimately depends on your individual goals, spending patterns, and financial situation. We recommend comparing the features and benefits of our top picks, then taking action to optimize your financial strategy for the current market conditions.
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Frequently Asked Questions: Best Dividend Stocks in Canada This November 2025
What are the top 5 dividend stocks to invest in Canada for November 2025?
Enbridge Inc, BCE Inc, TC Energy Corporation, Canadian Natural Resources Limited, and Bank of Nova Scotia are currently considered the most attractive dividend stocks in the Canadian market.
How can I maximize my dividend returns from Canadian stocks in 2025?
Focus on blue-chip companies like Enbridge and BCE Inc, which consistently offer dividend yields between 5-7% and have strong historical performance in the Canadian market.
Which Canadian dividend stocks have the most stable payouts in 2025?
Bank of Nova Scotia and TC Energy Corporation demonstrate the most reliable dividend stability, with consistent quarterly distributions and strong financial fundamentals.
What dividend yield can I expect from top Canadian energy stocks in November 2025?
Canadian Natural Resources Limited and TC Energy Corporation are currently offering attractive dividend yields ranging from 4.5% to 6.2% for investors.
How do I choose the best dividend stocks for my Canadian investment portfolio?
Consider factors like dividend yield, company stability, sector performance, and historical dividend growth, with Enbridge Inc and BCE Inc standing out as top performers in the 2025 Canadian market.