10 Highest Yielding Canadian Stocks Now

Published on September 16th, 2025 by Bob Ciura

Investors in the US should not overlook Canadian stocks, many of which have high dividend yields than their U.S. counterparts.

The TSX 60 Index is a stock market index of the 60 largest companies that trade on the Toronto Stock Exchange.

Because the Canadian stock market is heavily weighted towards large financial institutions and energy companies, the TSX is a reasonable benchmark for Canadian equities performance. It is also a great place to look for investment ideas.

You can download a database of the companies within the TSX 60 (along with relevant financial metrics such as dividend yields and price-to-earnings ratios) by clicking on the link below:

The TSX 60 Stocks List available for download above contains the following information for every security within the index:

Stock Price
Dividend Yield
Market Capitalization
Price-to-Earnings Ratio

All of the financial data in the database are listed in Canadian dollars.

Note: Canada imposes a 15% dividend withholding tax on U.S. investors. In many cases, investing in Canadian stocks through a U.S. retirement account waives the dividend withholding tax from Canada, but check with your tax preparer or accountant for more on this issue.

This article will rank the 10 highest yielding Canadian dividend stocks in the Sure Analysis Research Database.

Table of Contents

Highest Yielding Canadian Dividend Stock #10: Atrium Mortgage Investment Corporation (AMIVF)

Atrium Mortgage Investment Corporation was founded in 2001 and was listed on the Toronto Stock Exchange in 2012. AMIVF provides different types of mortgage loans to customers, including residential mortgages, land and development financing, commercial term and bridge financing services, and construction and mezzanine financing.

The company’s loans range from 300,000 to 30 million CAD and are backed by real estate in major Canadian urban centers. As of June 30th, 2025, AMIVF had 921.2 million CAD in mortgages outstanding across 326 loans.

By total loan amount, most of these mortgages were residential properties (73.2%), with the remainder being commercial (26.8%).

Most of the total mortgages outstanding were concentrated in the Greater Toronto Area (88.5%), with the rest in non GTA Ontario (5.8%) and British Columbia (5.7%).

Overall, these mortgages were relatively secure, with 94.8% of the portfolio having a loan-to-value ratio below 75%. That explains the weighted average loan-to-value ratio of 61.3% across the portfolio.

On August 7th, AMIVF shared its financial results for the second quarter ended June 30th, 2025. The company’s revenue dropped by 15% year-over-year to 21.2 million CAD in the quarter.

Adjusting for unfavorable currency translation, revenue declined by 16.5% over the year-ago period to $15.2 million during the quarter.

Rate cuts from the Bank of Canada led AMIVF’s weighted average interest rate to fall to 9.3% for the quarter. The company’s diluted EPS grew by 3.8% year-over-year to 0.27 CAD in the quarter.

Click here to download our most recent Sure Analysis report on AMIVF (preview of page 1 of 3 shown below):

Highest Yielding Canadian Dividend Stock #9: Freehold Royalties Ltd. (FRHLF)

Freehold Royalties is a Canadian energy company. Shares are dual-listed in Canada under the ticker “FRU” and the U.S. with the over-the-counter ticker “FRHLF”. The company’s base reporting currency is Canadian Dollars, but this report will use U.S. Dollar figures except when otherwise noted.

Freehold Royalties does not own upstream oil production facilities directly. Rather it partners with operators, providing upfront cash in return for a cut of future oil and gas production volumes. Freehold currently has about 360 royalty partners and has exposure to more than 7 million gross acres of land across the U.S. and Canada.

The company’s top three production areas are the Midland and Eagle Ford basins in the U.S. along with Canadian heavy oil production in the province of Alberta.

On July 30th , 2025, Freehold Royalties reported its Q2 2025 results. The company’s top-line revenues slumped 7% to C$78 million in the same quarter of 2024. This was a particularly disappointing result as the company had spent significantly on M&A over the past 12 months, which helped cause the company’s net debt to jump from C$101 million at the end of 2023 to C$282 million at the end of 2024.

Despite share dilution and higher interest costs, revenues have dropped and earnings declined even faster, falling to just 4 cents per share CAD in Q2 2025 compared to 26 cents in the same period of last year. The company made a sizable acquisition of Midland basin royalties in December that was supposed to help bolster 2025 earnings, but falling oil prices more than offset that strength.

The one silver lining is that the company’s cash flow per share came in at 35 cents CAD, which declined by a more modest 5 cents versus the prior year. Regardless, profitability is down and the company’s already tenuous dividend coverage is now even weaker.

Click here to download our most recent Sure Analysis report on FRHLF (preview of page 1 of 3 shown below):

Highest Yielding Canadian Dividend Stock #9: SIR Royalty Income Fund (SIRZF)

SIR Royalty Income Fund is a Canadian entity which collects and distributes a dividend stream based on royalties earned from the Jack Astor’s, Scaddabush, Reds Square One, and Loose Moose Tap & Grill restaurant brands.

The parent SIR Corp. retains about 16% ownership of the royalty income fund, helping align its interests with shareholders.

SIR Royalty has claims on the royalties of 52 restaurants locations as of Jan. 1st, 2025. 45 of these restaurants are found within the province of Ontario; the company is heavily reliant on the Greater Toronto Metro area for its business.

The majority of the company’s total locations are for Jack Astor’s, which is a bar and grill concept. Scaddabush, an Italian chain, is the other significant driver of SIR’s revenues.

On August 8th, the royalty fund reported its Q2 results. Revenues rose 8.1% to $72.9 million Canadian Dollars year-over-year. Most of that growth was from new restaurant openings, as same-store sales increased a more modest 1.1%.

Scaddabush led the way with a 7% same-store sales growth figure this period, though the company’s larger Jack Astor’s brand saw sales slide 0.8%.

Click here to download our most recent Sure Analysis report on SIRZF (preview of page 1 of 3 shown below):

Highest Yielding Canadian Dividend Stock #8: Slate Grocery REIT (SRRTF)

Slate Grocery REIT is a Toronto-based, yet U.S.-focused real estate investment trust focused on grocery-anchored retail centers.

It owns 116 properties, totaling 15.3 million square feet and valued at about $2.4 billion. Its portfolio is deeply rooted in necessity-based retail. Some of its top tenants including Kroger, Walmart, and Ahold Delhaize, while it boasts anchor occupancy rate of 98.8%.

On August 6th, 2025, Slate Grocery REIT posted its Q2 results for the period ending June 30th, 2025. Total revenue grew 2.1% year-over-year to $53.4 million.

The growth was primarily driven by rental rate increases, strong leasing spreads, and contractual rent escalations, particularly on renewed leases that continue to reflect resilient demand for grocery anchored retail.

Despite the revenue uplift, profitability was modestly pressured by higher general and administrative expenses as well as interest and finance costs.

FFO totaled $15.0 million, or $0.25 per unit, unchanged from a year ago. Leasing activity remained healthy, supporting a stable occupancy rate and reinforcing the REIT’s position in necessity-based retail.

Click here to download our most recent Sure Analysis report on SRRTF (preview of page 1 of 3 shown below):

Highest Yielding Canadian Dividend Stock #7: Petrus Resources Ltd. (PTRUF)

Petrus Resources is a Canadian junior oil and gas producer based in Calgary, Alberta, focused on the development of low-cost, liquids-rich natural gas and light oil assets in Western Canada.

The company’s operations are concentrated in its core Ferrier area, located in the Alberta Deep Basin, where it targets the Cardium formation using horizontal drilling and multi-stage fracturing. Petrus maintains full operatorship and high working interests in its assets, enabling tight cost control and capital efficiency.

On May 14th, 2025, Petrus Resources announced its Q1 results for the period ending March 31st, 2025. Petrus reported revenue of roughly $21.8 million before hedging, with realized natural gas and oil prices down compared to last year.

The company also achieved about $9.7 million in adjusted funds flow, translating to $0.09 per diluted share, based on the quarter-end exchange rate.

This marked a decrease from $11.9 million or $0.11 per diluted share last year, reflecting a decline of about 18% year over year. Total production averaged 6,639 boe/d, down slightly from the prior year, while natural gas accounted for 60% of the product mix.

Click here to download our most recent Sure Analysis report on PTRUF (preview of page 1 of 3 shown below):

Highest Yielding Canadian Dividend Stock #6: Firm Capital Property Trust (FRMUF)

Firm Capital Property Trust is a Canadian REIT that owns and co-owns a diversified portfolio of income-producing real estate across three core segments: industrial, multi-residential/manufactured home communities (MHCs), and grocery anchored and service-based retail.

The Trust emphasizes capital preservation and disciplined investing, often partnering with institutional-grade operators through joint ventures.

As of its latest report, its portfolio has over 2.5 million square feet of commercial space, alongside nearly 600 apartment units and 537 MHC sites, with properties located in necessity based markets across Ontario, Quebec, Alberta, and the Maritimes.

On August 5th, 2025, Firm Capital posted its Q2 results for the period ending June 30th, 2025. Rental revenue totaled about $11.18 million, powered by strong occupancy across its diversified portfolio of industrial, residential, and retail properties.

Overall portfolio occupancy remained high, with residential and manufactured home communities operating near or at full capacity, and retail and industrial assets maintaining solid leasing levels.

Net operating income (NOI) came in at about $7.00 million, reflecting the Trust’s disciplined operating cost management and steady rental performance.

Funds from Operations (FFO) were about $3.46 million, or $0.128 per unit. For this year, we project FFO per share of $0.38.

Click here to download our most recent Sure Analysis report on FRMUF (preview of page 1 of 3 shown below):

Highest Yielding Canadian Dividend Stock #5: InPlay Oil Corp. (IPOOF)

InPlay Oil is a Calgary-based oil and gas exploration and production company focused on developing light oil and natural gas assets in Alberta, primarily targeting the Cardium and Belly River formations. InPlay Oil combines horizontal drilling, enhanced oil recovery, and infrastructure optimization to maximize efficiency and returns.

Last year, it averaged 8,712 boe/d in production, with 58% attributed to crude oil and NGLs, and generated C$68.5 million in adjusted funds flow.

On May 14th, 2025, InPlay Oil reported its Q1 results for the period ending March 31st, 2025. The company posted total revenue of about $23.9 million, a 25% year-over-year decline. This drop was due to lower commodity prices, especially natural gas, and a dip in production volumes and oil weighting.

Average production for the quarter was 8,027 boe/d, down 8% from 8,723 boe/d last year. Adjusted funds flow was $9.2 million, down 30% from the prior year, with diluted AFF/share at $0.09, compared to $0.13 last year. For this year, we expect AFF/share $0.75.

Click here to download our most recent Sure Analysis report on IPOOF (preview of page 1 of 3 shown below):

Highest Yielding Canadian Dividend Stock #4: Bridgemarq Real Estate Services (BREUF)

Bridgemarq Real Estate Services is a leading Canadian real estate services company that provides branding, technology, and support to real estate brokers and over 21,000 realtors across Canada. Its portfolio includes nationally recognized brands such as Royal LePage, Via Capitale, Proprio Direct, and Johnston & Daniel.

The company earns revenue primarily from fixed and variable franchise fees, generating cash flow stability that is less sensitive to fluctuations in the housing market.

On August 13th, 2025, Bridgemarq Real Estate Services reported its Q2 results. Total revenue came in at $78.8 million, down from $80.7 million in Q2 2024, reflecting softer Canadian real estate market conditions.

Bridgemarq also recorded a net loss of $0.42 per share primarily due to a $3.6 million loss on the fair valuation of exchangeable units.

Adjusted EPS was $0.10, down from $0.12 last year due to lower revenues and higher compensation and advertising expenses that were partially offset by lower interest and depreciation costs.

Click here to download our most recent Sure Analysis report on BREUF (preview of page 1 of 3 shown below):

Highest Yielding Canadian Dividend Stock #3: Timbercreek Financial Corp. (TBCRF)

Timbercreek Financial is a Canadian non-bank lender specializing in shorter-duration, structured financing solutions for commercial real estate investors.

The company provides primarily first-mortgage loans for income-producing properties, including multi-residential, retail, industrial, and office assets. Its loans are typically used for acquisition, redevelopment, or transitional financing, and are often repaid through term financing or asset sales.

Timbercreek’s portfolio is 100% commercial real estate-focused and highly urban, with about 92% of capital invested in Ontario, British Columbia, Quebec, and Alberta.

On July 30th, 2025, Timbercreek Financial reported its Q2 results. Distributable income for the quarter was $10.7 million, or $0.13 per share, compared to $11.9 million, or $0.15 per share, in Q2 2024.

This reflected a slightly lower average portfolio yield and a modest increase in expected credit loss, offset by higher average portfolio balances.

Net investment income was $18.4 million, down from $19.3 million in Q2 2024. Net income fell to $9.0 million, or $0.11 per share, from $11.2 million, or $0.14 per share, mainly due to higher expected credit loss provisions despite a larger mortgage portfolio and reduced financing costs.

Click here to download our most recent Sure Analysis report on TBCRF (preview of page 1 of 3 shown below):

Highest Yielding Canadian Dividend Stock #1: Cardinal Energy Ltd. (CRLFF)

Cardinal Energy is a Canadian oil and gas producer operating primarily in Alberta and Saskatchewan, with a strong focus on conventional light and medium oil.

Its operations are centered on mature, low-decline fields where enhanced oil recovery methods, like waterflooding and CO₂ injection, are actively used to maintain stable production.

The company manages a large inventory of vertical and horizontal wells tied into company-owned infrastructure, which supports efficient field operations and cost control.

With over 90% of production weighted to oil and NGLs, Cardinal’s day-to-day operations are heavily oil-driven, with ongoing maintenance, recompletions, and targeted infill drilling forming the backbone of its development activity.

On May 8th, 2025, Cardinal Energy reported its Q1 2025 results for the period ending March 31st, 2025. Total revenue for the quarter was about $64.8 million, down 16% from the same period in 2024, primarily due to lower commodity prices, particularly for natural gas and heavy oil.

Production averaged 20,888 boe/d, relatively flat year-over-year, with oil and NGLs continuing to make up over 90% of the mix. Operating income came in at $33.9 million, due to a margin compression from higher costs and weaker pricing.

Click here to download our most recent Sure Analysis report on CRLFF (preview of page 1 of 3 shown below):

Additional Reading

If you are interested in finding high-quality dividend growth stocks and/or other high-yield securities and income securities, the following Sure Dividend resources will be useful:

Canadian Dividend Stocks

Other Sure Dividend Resources