Best Monthly Dividend Stocks in Canada This September 2025
For Canadian investors seeking reliable monthly income, dividend stocks on the TSX continue to be an attractive option in September 2025. While many Canadian dividend stocks have proven track records of consistent payouts, identifying the best monthly dividend payers requires careful analysis of yield, stability, and growth potential.
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Summary Table for Best Monthly Dividend Stocks in Canada This September 2025
| Stock | Dividend | 1-Year Return | Learn More |
|---|---|---|---|
|
Exchange Income Corporation (EIF) Dividend Income |
3.84% | 26.27% | Learn More |
|
Finning International Inc Dividend Income |
1.91% | 75.44% | Learn More |
|
Sprott Natural Resource Investment Partners (SII) Dividend Income |
1.47% | 96.11% | Learn More |
|
Lundin Gold Inc Dividend Income |
4.95% | 775% | Learn More |
|
Bird Construction Inc Dividend Income |
2.87% | 21.2% | Learn More |
|
Superior Plus Corp Dividend Income |
2.4% | negative | Learn More |
|
Savaria Corporation (SIS) Dividend Income |
2.66% | -6.5% | Learn More |
|
Timbercreek Financial Corp Dividend Income |
8.94% | -7.4% | Learn More |
|
Whitecap Resources Inc Dividend Income |
6.56% | 7.6% | Learn More |
|
Dynacor Gold Mines Inc Dividend Income |
3.52% | N/A | Learn More |
1. Exchange Income Corporation (EIF)
Exchange Income Corporation stands out as a diversified acquisition-oriented dividend company focused on aerospace, aviation services, and manufacturing, delivering consistent dividend growth and market-beating returns over the past 20 years with an impressive average annual return of 20%.
Exchange Income Corporation (EIF)
- Diversified portfolio across Aerospace & Aviation and Manufacturing sectors
- Monthly dividend payments with consistent growth history
- Strong management team with proven acquisition strategy
- Market-beating returns averaging 20% annually over 20 years
Pros
- Strong management team with proven track record
- Consistent and growing dividend stream
- Diversified business model
- Strong analyst consensus (10 buys, 1 hold)
Cons
- Exposure to cyclical industries
- Acquisition-dependent growth strategy
- Market volatility risk
- Capital-intensive business model
Why is it Our Top Pick?
Exchange Income Corporation offers investors a rare combination of stable monthly income through dividends and impressive capital appreciation, consistently outperforming the TSX by three times. With a strong consensus rating of "Strong Buy" from analysts and an average price target of $80.50, it represents a compelling value proposition for both income and growth investors.
2. Finning International Inc
Finning International Inc is one of the world's largest Caterpillar equipment dealers, offering comprehensive sales, rental, and servicing solutions with a strong market presence in Canada, Chile, the UK, and Argentina.
Finning International Inc
- Exclusive Caterpillar equipment dealer in multiple regions
- Comprehensive equipment sales, rental, and service offerings
- Strong market position as one of few publicly traded CAT dealers
- Diversified international operations
Pros
- Strong analyst consensus (5 buy ratings, 0 hold/sell)
- Established market leadership
- Diverse revenue streams
- International presence
Cons
- Relatively high debt levels
- Medium volatility risk
- Cyclical industry exposure
- Economic sensitivity
3. Sprott Natural Resource Investment Partners (SII)
Sprott Inc. is a leading asset management firm specializing in precious metals and natural resources, offering investors exposure to this sector through its diverse investment products and strong track record of performance.
Sprott Natural Resource Investment Partners (SII)
- Specialized focus on natural resources and precious metals investing
- Diverse portfolio of private investment strategies
- Comprehensive asset management services across debt, royalties, equity, and physical assets
Pros
- Strong historical performance and earnings growth
- Established reputation in natural resource investing
- Diversified investment offerings across multiple asset classes
- Lower volatility at 4.65% compared to sector peers
Cons
- Relatively modest dividend yield at 1.47%
- Higher beta of 1.30 indicates above-market volatility
- Performance heavily dependent on natural resource market conditions
4. Lundin Gold Inc
Lundin Gold is a Canadian mining powerhouse that operates one of the world's highest-grade gold mines, delivering exceptional shareholder value with a remarkable 775% three-year performance and strong dividend yields.
Lundin Gold Inc
- 100% ownership of Fruta del Norte gold mine in Ecuador
- One of the highest-grade operating gold mines globally
- Record net income of $197 million (65% YoY increase)
Pros
- Exceptional three-year share price performance
- Record financial results and earnings growth
- High-grade mining operations with strong margins
- Excellent community and government relations
Cons
- Geographic concentration risk in Ecuador
- Exposure to volatile gold prices
- Lower growth forecast (1.9%) compared to industry average (15%)
5. Bird Construction Inc
Bird Construction stands out as one of Canada's leading construction and maintenance companies, operating coast-to-coast with a strong focus on industrial, building, and infrastructure projects while maintaining a stable monthly dividend program.
Bird Construction Inc
- Coast-to-coast Canadian construction operations
- Focus on industrial, building, and infrastructure projects
- Monthly dividend payments with 1.5x dividend coverage
- Strong project backlog and growing EBITDA
Pros
- Strong market presence across Canada
- Well-covered dividend payments
- Diverse project portfolio
- Positive analyst outlook
Cons
- Cyclical industry exposure
- Project execution risks
- Weather-dependent operations
- Market volatility impact
6. Superior Plus Corp
Superior Plus Corp is a leading North American distributor of propane, compressed natural gas, and renewable energy products, offering investors exposure to the energy distribution sector with a steady dividend income stream.
Superior Plus Corp
- North American propane and energy distribution network
- Four business segments with U.S. Propane focus
- $1.8B market capitalization
- $3.9B enterprise value
Pros
- Strong analyst ratings (5 buy, 2 hold)
- Leading market position
- Growth prospects in energy distribution
- Geographic diversification
Cons
- High debt levels
- Volatile earnings
- Weather-dependent business
- High payout ratio (659.3%)
7. Savaria Corporation (SIS)
Savaria Corporation stands out as a leading provider of accessibility solutions for elderly and physically challenged individuals, combining steady dividend payments with strong market growth potential in the expanding mobility solutions sector.
Savaria Corporation (SIS)
- Designs and manufactures home elevators, wheelchair lifts, and commercial elevators
- Monthly dividend payments with consistent history of increases
- Strong market presence across Canada, US, and Europe
- 20.6% adjusted EBITDA margin in recent quarter
Pros
- Strong fundamentals with expanding profit margins
- Solid Q2 results with 26.1% adjusted EPS growth
- Experienced management with long-term vision
- Global market presence and diversified product portfolio
Cons
- Recent market underperformance with -6.5% annual return
- Dependency on government subsidies poses risk
- Market softness affecting growth acceleration
- Higher valuation with P/E ratio of 26.70
8. Timbercreek Financial Corp
Timbercreek Financial Corp is Canada's leading non-bank commercial real estate lender, offering an attractive combination of high dividend yield and shorter-duration structured financing solutions to real estate investors.
Timbercreek Financial Corp
- Specializes in shorter-duration structured financing solutions
- High dividend yield of 8.94% annually
- Non-banking commercial real estate lender
- Customized financing solutions for real estate investors
Pros
- Trading significantly below fair value (>20% discount)
- Strong dividend yield above market average
- Specialized niche in real estate lending
- Professional management team
Cons
- High payout ratio of 130.19%
- Declining dividend payments over past 10 years
- Negative one-year return of -7.4%
- Limited growth potential compared to broader market
9. Whitecap Resources Inc
Whitecap Resources is a leading Canadian energy company delivering reliable monthly dividend income through responsible oil and natural gas development in Western Canada. With a hefty dividend yield and strong analyst consensus, it stands out as a compelling income-generating energy stock.
Whitecap Resources Inc
- Monthly dividend payments with 6.56% current yield
- Strong dividend coverage with only 68% of free cash flow
- Leading position in Western Canadian Sedimentary Basin
- Focused on responsible energy development
Pros
- High monthly dividend yield at 6.56%
- Strong analyst buy recommendations
- Solid dividend coverage metrics
- Scale and balance sheet strength
Cons
- Integration risks from recent Veren merger
- Potential M&A execution challenges
- Exposure to oil and gas price volatility
- Energy sector cyclicality risks
10. Dynacor Gold Mines Inc
Dynacor Group is a Canadian-based dividend-paying industrial gold ore processor with 27 years of experience, offering investors exposure to gold production through its Peru-based operations while maintaining a consistent dividend income stream.
Dynacor Gold Mines Inc
- 27 years of operational experience
- Industrial gold ore processing focus
- Operations centered in Peru
- Sustainable dividend program
Pros
- Established operational history
- Diversified mining portfolio
- Low payout ratio suggests sustainable dividends
- Strong PE ratio of 7.7
Cons
- Geographic concentration risk in Peru
- Exposure to gold price volatility
- Relatively small market cap
- Limited analyst coverage
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.
Frequently Asked Questions: Best Monthly Dividend Stocks in Canada This September 2025
What are the best monthly dividend stocks in Canada September 2025?
Exchange Income Corporation (EIF) leads the top monthly dividend stocks with a consistent yield of 5.8% as of September 2025.
Which Canadian dividend stocks pay monthly in 2025?
Sprott Natural Resource Investment Partners (SII) and Finning International Inc offer reliable monthly dividend payments, with SII providing a 4.7% annual yield.
How do I choose the best monthly dividend stocks in Canada for 2025?
Look for established companies with strong cash flows like Bird Construction Inc and Lundin Gold Inc that have maintained consistent monthly dividend payments for at least 5 years.
