Top Canadian Stocks Boost Dividends Again
Investors looking for reliable income often turn to Canadian stocks known for their consistent dividend growth. These large-cap companies typically exhibit robust business models and sustainable earnings, allowing them to maintain and increase dividends even during challenging economic conditions. Here are three top Canadian stocks that have recently boosted their dividends, providing solid options for income-focused investors.
Top Canadian Stocks Boost Dividends
Canadian National Railway
Canadian National Railway (TSX:CNR) is a standout within this category. On January 30, 2026, the company announced a 3% increase in its quarterly dividend. This marks the 30th consecutive year of dividend growth, underscoring its strong business resilience.
The company plays a critical role in North America’s supply chain, transporting essential goods ranging from natural resources to consumer products. Its extensive rail network provides a significant competitive advantage, stabilizing revenue throughout various economic cycles. The company’s diversified freight categories contribute to consistent cash flows, supporting reliable dividend payouts.
Enbridge
Another top pick is Enbridge (TSX:ENB), a leader in energy infrastructure. This company raised its quarterly dividend by 3% on December 1, 2025, bringing it to $0.97 per share, or $3.88 annually, effective March 1, 2026. Enbridge has a dividend growth record of 31 consecutive years and has been distributing dividends for over 70 years.
With a current yield of approximately 5.7%, Enbridge’s diversified revenue, regulated assets, and long-term contracts provide solid cash flow. About 80% of its EBITDA is protected from inflation, positioning the company well to continue increasing its dividends in the years ahead.
Royal Bank of Canada
The Royal Bank of Canada (TSX:RY) rounds out this list. On December 3, 2025, Canada’s largest bank increased its quarterly dividend by 3% to $1.64 per share. This institution has raised its dividend by about 7% annually over the last decade.
Royal Bank benefits from a growing loan portfolio and a stable deposit base. Its diverse revenue streams and sound asset quality contribute to the bank’s financial stability. With a conservative payout ratio of 40% to 50% and effective risk management, Royal Bank remains a reliable option for investors seeking consistent income.
Conclusion
These top Canadian stocks not only offer increased dividends but also come from sectors resilient to economic fluctuations. Investors focusing on long-term, worry-free income may find these companies appealing choices.
