TSX Dividend Stocks To Consider In April 2026

The Canadian market is experiencing a complex landscape, with retail sales showing mixed signals and central banks maintaining a cautious stance on interest rates amid geopolitical tensions. In this environment, dividend stocks can offer investors potential stability and income, making them an attractive option as they navigate the uncertainties of 2026.

Top 10 Dividend Stocks In Canada

Click here to see the full list of 14 stocks from our Top TSX Dividend Stocks screener.

Let’s uncover some gems from our specialized screener.

Simply Wall St Dividend Rating: ★★★★★☆

Overview: Canadian Natural Resources Limited is involved in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas, and natural gas liquids across Western Canada, the United Kingdom sector of the North Sea, and Offshore Africa with a market cap of CA$126.65 billion.

Operations: Canadian Natural Resources Limited’s revenue segments include Oil Sands Mining and Upgrading (CA$17.45 billion), Exploration and Production – North America (CA$18.95 billion), Midstream and Refining (CA$761 million), Exploration and Production – North Sea (CA$337 million), and Exploration and Production – Offshore Africa (CA$187 million).

Dividend Yield: 4.1%

Canadian Natural Resources offers a reliable dividend yield of 4.07%, supported by a payout ratio of 45.4% and a cash payout ratio of 62.7%. The company has consistently increased its dividends over the past 26 years, recently raising its quarterly dividend to C$0.625 per share. Despite significant insider selling, CNQ’s stable earnings and recent revenue growth bolster its dividend sustainability, while ongoing share buybacks reflect management’s confidence in the company’s financial health.

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Olympia Financial Group Inc., with a market cap of CA$289.99 million, operates in Canada as a non-deposit taking trust company through its subsidiary, Olympia Trust Company.

Operations: Olympia Financial Group Inc. generates revenue through several segments, including Investment Account Services (IAS) at CA$77.07 million, Health at CA$10.33 million, Currency and Global Payments (CGP) at CA$5.18 million, Corporate and Shareholder Services (CSS) at CA$4.67 million, Raisr at CA$1.58 million, and Corporate services contributing CA$0.04 million.

Dividend Yield: 5.9%

Olympia Financial Group’s dividend yield of 5.9% ranks in the top 25% of Canadian payers, yet its sustainability is questionable due to a high cash payout ratio of 98.8%. Despite increasing dividends over the past decade, payments have been volatile and not well covered by free cash flows. Recent earnings showed a decline, with revenue at C$98.86 million and net income at C$19.86 million for 2025, impacting future dividend reliability.

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Alphamin Resources Corp., along with its subsidiaries, focuses on the production and sale of tin concentrates, with a market capitalization of CA$1.73 billion.

Operations: Alphamin Resources Corp. generates revenue of $620.89 million from the production and sale of tin from its Bisie Tin Mine.

Dividend Yield: 5.8%

Alphamin Resources offers a dividend yield of 5.8%, placing it among the top 25% in Canada. The dividends are well-covered by earnings and cash flows, with payout ratios of 69.3% and 40%, respectively. However, its dividend history is unstable, with payments being volatile over the past four years despite recent growth in earnings to US$147.96 million for 2025 from US$100.78 million previously, suggesting potential for future stability if trends continue positively.

Next Steps

• Delve into our full catalog of 14 Top TSX Dividend Stocks here.
• Already own these companies? Link your portfolio to Simply Wall St and get alerts on any new warning signs to your stocks.
• Streamline your investment strategy with Simply Wall St’s app for free and benefit from extensive research on stocks across all corners of the world.

Contemplating Other Strategies?

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com