TSX Dividend Stocks To Consider In August 2026
Amid a backdrop of steady economic growth and robust earnings reports from the S&P/TSX, Canadian investors are increasingly focusing on dividend stocks as a means to secure stable income streams. In light of these market conditions, selecting dividend stocks with strong fundamentals and consistent payout histories can help investors navigate potential inflationary pressures while benefiting from diversified portfolio gains.
Top 10 Dividend Stocks In Canada
| Name | Dividend Yield | Dividend Rating |
| Rogers Sugar (TSX:RSI) | 5.28% | ★★★★☆☆ |
| Pizza Pizza Royalty (TSX:PZA) | 7.31% | ★★★★☆☆ |
| PHX Energy Services (TSX:PHX) | 6.87% | ★★★★☆☆ |
| Olympia Financial Group (TSX:OLY) | 6.99% | ★★★★☆☆ |
| Manulife Financial (TSX:MFC) | 3.10% | ★★★★★☆ |
| Freehold Royalties (TSX:FRU) | 6.33% | ★★★★☆☆ |
| Firm Capital Mortgage Investment (TSX:FC) | 8.59% | ★★★★★☆ |
| Corby Spirit and Wine (TSX:CSW.A) | 5.91% | ★★★★★☆ |
| Canadian Natural Resources (TSX:CNQ) | 3.92% | ★★★★★☆ |
| Amerigo Resources (TSX:ARG) | 6.18% | ★★★★☆☆ |
Click here to see the full list of 13 stocks from our Top TSX Dividend Stocks screener.
Here we highlight a subset of our preferred stocks from the screener.
Amerigo Resources (TSX:ARG)
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Amerigo Resources Ltd., through its subsidiary Minera Valle Central S.A., produces copper and molybdenum concentrates from the El Teniente mine in Chile, with a market cap of CA$1.22 billion.
Operations: Amerigo Resources Ltd. generates revenue primarily from the production of copper concentrates under a tolling agreement with DET, amounting to $275.83 million.
Dividend Yield: 6.2%
Amerigo Resources offers a compelling dividend yield of 6.18%, placing it in the top quartile of Canadian dividend payers. Despite its high yield, the company's dividend history is marked by volatility and only five years of payments, reflecting an unstable track record. However, dividends are well-covered by earnings (payout ratio: 32.1%) and cash flows (cash payout ratio: 67.3%). Recent earnings growth and stable production metrics provide potential support for future payouts.
- Click to explore a detailed breakdown of our findings in Amerigo Resources' dividend report.
- Insights from our recent valuation report point to the potential overvaluation of Amerigo Resources shares in the market.
Freehold Royalties (TSX:FRU)
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Freehold Royalties Ltd. acquires and manages royalty interests in crude oil, natural gas, natural gas liquids, and potash properties across Canada and the United States, with a market cap of CA$2.76 billion.
Operations: Freehold Royalties Ltd.'s revenue is primarily derived from its Oil & Gas - Exploration & Production segment, which generated CA$322.23 million.
Dividend Yield: 6.3%
Freehold Royalties offers a strong dividend yield of 6.33%, ranking in the top quartile among Canadian dividend stocks, though it is not well covered by earnings or cash flows due to high payout ratios. Despite this, Freehold has maintained reliable and growing dividends over the past decade. Recent net income surged to C$56.96 million in Q2 2026 from C$6.24 million a year ago, supporting ongoing dividend affirmations at C$0.09 per share monthly.
- Dive into the specifics of Freehold Royalties here with our thorough dividend report.
- Our expertly prepared valuation report Freehold Royalties implies its share price may be lower than expected.
Alphamin Resources (TSXV:AFM)
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Alphamin Resources Corp., along with its subsidiaries, is engaged in the production and sale of tin concentrates, with a market capitalization of CA$1.93 billion.
Operations: Alphamin Resources Corp. generates revenue primarily through the production and sale of tin from its Bisie Tin Mine, amounting to $849 million.
Dividend Yield: 15%
Alphamin Resources' dividend yield of 14.96% is among the highest in Canada, supported by a payout ratio of 72%, indicating coverage by earnings. However, its dividend history is volatile and has been paid for only five years, raising concerns about reliability. Recent Q2 earnings showed significant growth with net income at US$63.28 million from US$31.75 million a year ago, yet insider selling may signal caution for potential investors.
- Get an in-depth perspective on Alphamin Resources' performance by reading our dividend report here.
- The analysis detailed in our Alphamin Resources valuation report hints at an deflated share price compared to its estimated value.
Key Takeaways
- Take a closer look at our Top TSX Dividend Stocks list of 13 companies by clicking here.
- Hold shares in these firms? Setup your portfolio in Simply Wall St to seamlessly track your investments and receive personalized updates on your portfolio's performance.
- Join a community of smart investors by using Simply Wall St. It's free and delivers expert-level analysis on worldwide markets.
Curious About Other Options?
- Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
- Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
- Find companies with promising cash flow potential yet trading below their fair value.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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