Printed on September sixteenth, 2025 by Bob Ciura
Buyers within the US shouldn’t overlook Canadian shares, a lot of which have excessive dividend yields than their U.S. counterparts.
The TSX 60 Index is a inventory market index of the 60 largest firms that commerce on the Toronto Inventory Change.
As a result of the Canadian inventory market is closely weighted in the direction of massive monetary establishments and vitality firms, the TSX is an inexpensive benchmark for Canadian equities efficiency. Additionally it is an important place to search for funding concepts.
You possibly can obtain a database of the businesses throughout the TSX 60 (together with related monetary metrics resembling dividend yields and price-to-earnings ratios) by clicking on the hyperlink under:
The TSX 60 Shares Record accessible for obtain above accommodates the next info for each safety throughout the index:
- Inventory Value
- Dividend Yield
- Market Capitalization
- Value-to-Earnings Ratio
All the monetary knowledge within the database are listed in Canadian {dollars}.
Notice: Canada imposes a 15% dividend withholding tax on U.S. traders. In lots of instances, investing in Canadian shares by a U.S. retirement account waives the dividend withholding tax from Canada, however verify along with your tax preparer or accountant for extra on this situation.
This text will rank the ten highest yielding Canadian dividend shares within the Positive Evaluation Analysis Database.
Desk of Contents
Highest Yielding Canadian Dividend Inventory #10: Atrium Mortgage Funding Company (AMIVF)
Atrium Mortgage Funding Company was based in 2001 and was listed on the Toronto Inventory Change in 2012. AMIVF gives several types of mortgage loans to prospects, together with residential mortgages, land and improvement financing, industrial time period and bridge financing companies, and building and mezzanine financing.
The corporate’s loans vary from 300,000 to 30 million CAD and are backed by actual property in main Canadian city facilities. As of June thirtieth, 2025, AMIVF had 921.2 million CAD in mortgages excellent throughout 326 loans.
By whole mortgage quantity, most of those mortgages have been residential properties (73.2%), with the rest being industrial (26.8%).
Many of the whole mortgages excellent have been concentrated within the Larger Toronto Space (88.5%), with the remainder in non GTA Ontario (5.8%) and British Columbia (5.7%).
General, these mortgages have been comparatively safe, with 94.8% of the portfolio having a loan-to-value ratio under 75%. That explains the weighted common loan-to-value ratio of 61.3% throughout the portfolio.
On August seventh, AMIVF shared its monetary outcomes for the second quarter ended June thirtieth, 2025. The corporate’s income dropped by 15% year-over-year to 21.2 million CAD within the quarter.
Adjusting for unfavorable foreign money translation, income declined by 16.5% over the year-ago interval to $15.2 million in the course of the quarter.
Fee cuts from the Financial institution of Canada led AMIVF’s weighted common rate of interest to fall to 9.3% for the quarter. The corporate’s diluted EPS grew by 3.8% year-over-year to 0.27 CAD within the quarter.
Click on right here to obtain our most up-to-date Positive Evaluation report on AMIVF (preview of web page 1 of three proven under):
Highest Yielding Canadian Dividend Inventory #9: Freehold Royalties Ltd. (FRHLF)
Freehold Royalties is a Canadian vitality firm. Shares are dual-listed in Canada underneath the ticker “FRU” and the U.S. with the over-the-counter ticker “FRHLF”. The corporate’s base reporting foreign money is Canadian {Dollars}, however this report will use U.S. Greenback figures besides when in any other case famous.
Freehold Royalties doesn’t personal upstream oil manufacturing services instantly. Somewhat it companions with operators, offering upfront money in return for a minimize of future oil and gasoline manufacturing volumes. Freehold at present has about 360 royalty companions and has publicity to greater than 7 million gross acres of land throughout the U.S. and Canada.
The corporate’s prime three manufacturing areas are the Midland and Eagle Ford basins within the U.S. together with Canadian heavy oil manufacturing within the province of Alberta.
On July thirtieth , 2025, Freehold Royalties reported its Q2 2025 outcomes. The corporate’s top-line revenues slumped 7% to C$78 million in the identical quarter of 2024. This was a very disappointing end result as the corporate had spent considerably on M&A over the previous 12 months, which helped trigger the corporate’s web debt to leap from C$101 million on the finish of 2023 to C$282 million on the finish of 2024.
Regardless of share dilution and better curiosity prices, revenues have dropped and earnings declined even quicker, falling to simply 4 cents per share CAD in Q2 2025 in comparison with 26 cents in the identical interval of final yr. The corporate made a large acquisition of Midland basin royalties in December that was supposed to assist bolster 2025 earnings, however falling oil costs greater than offset that energy.
The one silver lining is that the corporate’s money movement per share got here in at 35 cents CAD, which declined by a extra modest 5 cents versus the prior yr. Regardless, profitability is down and the corporate’s already tenuous dividend protection is now even weaker.
Click on right here to obtain our most up-to-date Positive Evaluation report on FRHLF (preview of web page 1 of three proven under):
Highest Yielding Canadian Dividend Inventory #9: SIR Royalty Earnings Fund (SIRZF)
SIR Royalty Earnings Fund is a Canadian entity which collects and distributes a dividend stream primarily based on royalties earned from the Jack Astor’s, Scaddabush, Reds Sq. One, and Unfastened Moose Faucet & Grill restaurant manufacturers.
The dad or mum SIR Corp. retains about 16% possession of the royalty earnings fund, serving to align its pursuits with shareholders.
SIR Royalty has claims on the royalties of 52 eating places areas as of Jan. 1st, 2025. 45 of those eating places are discovered throughout the province of Ontario; the corporate is closely reliant on the Larger Toronto Metro space for its enterprise.
Nearly all of the corporate’s whole areas are for Jack Astor’s, which is a bar and grill idea. Scaddabush, an Italian chain, is the opposite important driver of SIR’s revenues.
On August eighth, the royalty fund reported its Q2 outcomes. Revenues rose 8.1% to $72.9 million Canadian {Dollars} year-over-year. Most of that development was from new restaurant openings, as same-store gross sales elevated a extra modest 1.1%.
Scaddabush led the best way with a 7% same-store gross sales development determine this era, although the corporate’s bigger Jack Astor’s model noticed gross sales slide 0.8%.
Click on right here to obtain our most up-to-date Positive Evaluation report on SIRZF (preview of web page 1 of three proven under):
Highest Yielding Canadian Dividend Inventory #8: Slate Grocery REIT (SRRTF)
Slate Grocery REIT is a Toronto-based, but U.S.-focused actual property funding belief targeted on grocery-anchored retail facilities.
It owns 116 properties, totaling 15.3 million sq. ft and valued at about $2.4 billion. Its portfolio is deeply rooted in necessity-based retail. A few of its prime tenants together with Kroger, Walmart, and Ahold Delhaize, whereas it boasts anchor occupancy price of 98.8%.
On August sixth, 2025, Slate Grocery REIT posted its Q2 outcomes for the interval ending June thirtieth, 2025. Whole income grew 2.1% year-over-year to $53.4 million.
The expansion was primarily pushed by rental price will increase, robust leasing spreads, and contractual lease escalations, notably on renewed leases that proceed to replicate resilient demand for grocery anchored retail.
Regardless of the income uplift, profitability was modestly pressured by greater normal and administrative bills in addition to curiosity and finance prices.
FFO totaled $15.0 million, or $0.25 per unit, unchanged from a yr in the past. Leasing exercise remained wholesome, supporting a steady occupancy price and reinforcing the REIT’s place in necessity-based retail.
Click on right here to obtain our most up-to-date Positive Evaluation report on SRRTF (preview of web page 1 of three proven under):
Highest Yielding Canadian Dividend Inventory #7: Petrus Assets Ltd. (PTRUF)
Petrus Assets is a Canadian junior oil and gasoline producer primarily based in Calgary, Alberta, targeted on the event of low-cost, liquids-rich pure gasoline and light-weight oil belongings in Western Canada.
The corporate’s operations are concentrated in its core Ferrier space, situated within the Alberta Deep Basin, the place it targets the Cardium formation utilizing horizontal drilling and multi-stage fracturing. Petrus maintains full operatorship and excessive working pursuits in its belongings, enabling tight price management and capital effectivity.
On Could 14th, 2025, Petrus Assets introduced its Q1 outcomes for the interval ending March thirty first, 2025. Petrus reported income of roughly $21.8 million earlier than hedging, with realized pure gasoline and oil costs down in comparison with final yr.
The corporate additionally achieved about $9.7 million in adjusted funds movement, translating to $0.09 per diluted share, primarily based on the quarter-end change price.
This marked a lower from $11.9 million or $0.11 per diluted share final yr, reflecting a decline of about 18% yr over yr. Whole manufacturing averaged 6,639 boe/d, down barely from the prior yr, whereas pure gasoline accounted for 60% of the product combine.
Click on right here to obtain our most up-to-date Positive Evaluation report on PTRUF (preview of web page 1 of three proven under):
Highest Yielding Canadian Dividend Inventory #6: Agency Capital Property Belief (FRMUF)
Agency Capital Property Belief is a Canadian REIT that owns and co-owns a diversified portfolio of income-producing actual property throughout three core segments: industrial, multi-residential/manufactured house communities (MHCs), and grocery anchored and service-based retail.
The Belief emphasizes capital preservation and disciplined investing, usually partnering with institutional-grade operators by joint ventures.
As of its newest report, its portfolio has over 2.5 million sq. ft of business area, alongside almost 600 residence items and 537 MHC websites, with properties situated in necessity primarily based markets throughout Ontario, Quebec, Alberta, and the Maritimes.
On August fifth, 2025, Agency Capital posted its Q2 outcomes for the interval ending June thirtieth, 2025. Rental income totaled about $11.18 million, powered by robust occupancy throughout its diversified portfolio of commercial, residential, and retail properties.
General portfolio occupancy remained excessive, with residential and manufactured house communities working close to or at full capability, and retail and industrial belongings sustaining strong leasing ranges.
Web working earnings (NOI) got here in at about $7.00 million, reflecting the Belief’s disciplined working price administration and regular rental efficiency.
Funds from Operations (FFO) have been about $3.46 million, or $0.128 per unit. For this yr, we venture FFO per share of $0.38.
Click on right here to obtain our most up-to-date Positive Evaluation report on FRMUF (preview of web page 1 of three proven under):
Highest Yielding Canadian Dividend Inventory #5: InPlay Oil Corp. (IPOOF)
InPlay Oil is a Calgary-based oil and gasoline exploration and manufacturing firm targeted on creating mild oil and pure gasoline belongings in Alberta, primarily focusing on the Cardium and Stomach River formations. InPlay Oil combines horizontal drilling, enhanced oil restoration, and infrastructure optimization to maximise effectivity and returns.
Final yr, it averaged 8,712 boe/d in manufacturing, with 58% attributed to crude oil and NGLs, and generated C$68.5 million in adjusted funds movement.
On Could 14th, 2025, InPlay Oil reported its Q1 outcomes for the interval ending March thirty first, 2025. The corporate posted whole income of about $23.9 million, a 25% year-over-year decline. This drop was as a result of decrease commodity costs, particularly pure gasoline, and a dip in manufacturing volumes and oil weighting.
Common manufacturing for the quarter was 8,027 boe/d, down 8% from 8,723 boe/d final yr. Adjusted funds movement was $9.2 million, down 30% from the prior yr, with diluted AFF/share at $0.09, in comparison with $0.13 final yr. For this yr, we anticipate AFF/share $0.75.
Click on right here to obtain our most up-to-date Positive Evaluation report on IPOOF (preview of web page 1 of three proven under):
Highest Yielding Canadian Dividend Inventory #4: Bridgemarq Actual Property Providers (BREUF)
Bridgemarq Actual Property Providers is a number one Canadian actual property companies firm that gives branding, expertise, and assist to actual property brokers and over 21,000 realtors throughout Canada. Its portfolio contains nationally acknowledged manufacturers resembling Royal LePage, Through Capitale, Proprio Direct, and Johnston & Daniel.
The corporate earns income primarily from fastened and variable franchise charges, producing money movement stability that’s much less delicate to fluctuations within the housing market.
On August thirteenth, 2025, Bridgemarq Actual Property Providers reported its Q2 outcomes. Whole income got here in at $78.8 million, down from $80.7 million in Q2 2024, reflecting softer Canadian actual property market circumstances.
Bridgemarq additionally recorded a web lack of $0.42 per share primarily as a result of a $3.6 million loss on the truthful valuation of exchangeable items.
Adjusted EPS was $0.10, down from $0.12 final yr as a result of decrease revenues and better compensation and promoting bills that have been partially offset by decrease curiosity and depreciation prices.
Click on right here to obtain our most up-to-date Positive Evaluation report on BREUF (preview of web page 1 of three proven under):
Highest Yielding Canadian Dividend Inventory #3: Timbercreek Monetary Corp. (TBCRF)
Timbercreek Monetary is a Canadian non-bank lender specializing in shorter-duration, structured financing options for industrial actual property traders.
The corporate gives primarily first-mortgage loans for income-producing properties, together with multi-residential, retail, industrial, and workplace belongings. Its loans are usually used for acquisition, redevelopment, or transitional financing, and are sometimes repaid by time period financing or asset gross sales.
Timbercreek’s portfolio is 100% industrial actual estate-focused and extremely city, with about 92% of capital invested in Ontario, British Columbia, Quebec, and Alberta.
On July thirtieth, 2025, Timbercreek Monetary reported its Q2 outcomes. Distributable earnings for the quarter was $10.7 million, or $0.13 per share, in comparison with $11.9 million, or $0.15 per share, in Q2 2024.
This mirrored a barely decrease common portfolio yield and a modest improve in anticipated credit score loss, offset by greater common portfolio balances.
Web funding earnings was $18.4 million, down from $19.3 million in Q2 2024. Web earnings fell to $9.0 million, or $0.11 per share, from $11.2 million, or $0.14 per share, primarily as a result of greater anticipated credit score loss provisions regardless of a bigger mortgage portfolio and diminished financing prices.
Click on right here to obtain our most up-to-date Positive Evaluation report on TBCRF (preview of web page 1 of three proven under):
Highest Yielding Canadian Dividend Inventory #1: Cardinal Vitality Ltd. (CRLFF)
Cardinal Vitality is a Canadian oil and gasoline producer working primarily in Alberta and Saskatchewan, with a robust concentrate on standard mild and medium oil.
Its operations are centered on mature, low-decline fields the place enhanced oil restoration strategies, like waterflooding and CO₂ injection, are actively used to keep up steady manufacturing.
The corporate manages a big stock of vertical and horizontal wells tied into company-owned infrastructure, which helps environment friendly area operations and value management.
With over 90% of manufacturing weighted to grease and NGLs, Cardinal’s day-to-day operations are closely oil-driven, with ongoing upkeep, recompletions, and focused infill drilling forming the spine of its improvement exercise.
On Could eighth, 2025, Cardinal Vitality reported its Q1 2025 outcomes for the interval ending March thirty first, 2025. Whole income for the quarter was about $64.8 million, down 16% from the identical interval in 2024, primarily as a result of decrease commodity costs, notably for pure gasoline and heavy oil.
Manufacturing averaged 20,888 boe/d, comparatively flat year-over-year, with oil and NGLs persevering with to make up over 90% of the combo. Working earnings got here in at $33.9 million, as a result of a margin compression from greater prices and weaker pricing.
Click on right here to obtain our most up-to-date Positive Evaluation report on CRLFF (preview of web page 1 of three proven under):
Extra Studying
In case you are all in favour of discovering high-quality dividend development shares and/or different high-yield securities and earnings securities, the next Positive Dividend sources shall be helpful:
Canadian Dividend Shares
Different Positive Dividend Assets
Thanks for studying this text. Please ship any suggestions, corrections, or inquiries to [email protected].
