(Last updated Sept 11, 2025)
Your author personally maintains a dividend safety scoring system for the top dividend stocks on the Toronto Stock Exchange.
Unlike other places which may offer a similar service, mine is completely done and updated manually. Other newsletters may offer a similar dividend safety system, but many of those are automated systems that use software to analyze data on the internet. That often results in errors that can have a serious impact on the user’s investments.
We’re now up to 150+ Canadian stocks that are covered in this list, and it will be updated semi-regularly.
A few quick notes before we start. These are estimates from the author, and there’s no guarantee they’ll be accurate. Things can change quickly, or I could just be plain wrong. I do spend the time to analyze these so I feel pretty good about the rankings, but nothing is going to be perfect.
Sorry, our lawyers made us write that.
The ranking system goes as follows:
Green: Dividend is considered to be safe
Yellow: Dividend is considered to be iffy, but not in imminent danger of being cut
Red: Dividend is in serious danger of being cut and/or the company doesn’t take paying dividends particularly seriously
Anything in pink indicates stocks where we’ve recently initiated coverage.
Also, projected dividend growth is for the next 24-48 months, rather than just over the next year.
Without further adieu, let’s get started.
Banks
Communications
Consumer Discretionary
Consumer Staples
Energy
Financials
Industrials
Real Estate
Technology
Utilities
