3 TSX Dividend Stocks Yielding Up To 6.8%

The Canadian market has shown resilience, with earnings growth projections for 2026 being revised upward despite global uncertainties such as the Iran crisis. This positive outlook is supported by robust performance in sectors like energy and materials, even amid potential challenges like elevated oil prices and inflation pressures. In this context, dividend stocks can be an attractive option for investors seeking stability and income, especially when interest rates are expected to remain steady in the near term.

Top 10 Dividend Stocks In Canada

Click here to see the full list of 15 stocks from our Top TSX Dividend Stocks screener.

Let’s explore several standout options from the results in the screener.

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

Overview: Corby Spirit and Wine Limited, along with its subsidiaries, is engaged in the manufacturing, marketing, and importing of spirits, wines, and ready-to-drink cocktails across Canada, the United States, the United Kingdom, and internationally with a market cap of CA$428.03 million.

Operations: Corby Spirit and Wine Limited generates revenue through the production, promotion, and importation of spirits, wines, and ready-to-drink cocktails across various international markets.

Dividend Yield: 6.5%

Corby Spirit and Wine’s dividend yield of 6.49% ranks in the top quartile among Canadian dividend stocks, supported by a low payout ratio of 19.8% and a reasonable cash payout ratio of 70.3%. However, its dividend history has been volatile with past instability, raising concerns about reliability despite recent earnings growth and strong financial results for Q3 2026. The stock trades at a discount to estimated fair value, offering potential investment appeal amidst mixed dividend stability signals.

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

Overview: PHX Energy Services Corp. offers horizontal and directional drilling services, rents performance drilling motors, and sells motor equipment and parts to oil and natural gas exploration and development companies across Canada, the United States, the Middle East regions, and internationally with a market cap of CA$540.06 million.

Operations: PHX Energy Services Corp.’s revenue primarily comes from its horizontal oil and natural gas well drilling services, totaling CA$699.78 million.

Dividend Yield: 6.9%

PHX Energy Services offers a dividend yield of 6.88%, placing it in the top quartile among Canadian dividend stocks, yet its history of volatile payments raises concerns about reliability. The payout ratio stands at 82.9%, indicating coverage by earnings, though not by free cash flows, which questions sustainability. Recent earnings show a decline with Q1 2026 net income at C$8.94 million compared to C$20.16 million the previous year, highlighting financial challenges amidst attractive valuation metrics.

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

Overview: Pulse Seismic Inc. specializes in acquiring and licensing 2D and 3D seismic data for the energy sector in western Canada, with a market cap of CA$174.46 million.

Operations: Pulse Seismic Inc. generates revenue of CA$30.18 million from its Oil Well Equipment & Services segment, focusing on the energy sector in western Canada.

Dividend Yield: 5.1%

Pulse Seismic’s dividend track record is mixed, with recent increases yet historically volatile payments. The company declared a 7% dividend increase to CAD 0.01875 per share, but Q1 2026 results showed a net loss of CAD 1.36 million, contrasting with the previous year’s profit. Despite this, dividends are well covered by earnings and cash flows, with payout ratios of 42.4% and 49.7%, respectively, suggesting some level of sustainability amidst financial fluctuations.

Seize The Opportunity

• Investigate our full lineup of 15 Top TSX Dividend Stocks right here.
• Are you invested in these stocks already? Keep abreast of every twist and turn by setting up a portfolio with Simply Wall St, where we make it simple for investors like you to stay informed and proactive.
• Discover a world of investment opportunities with Simply Wall St’s free app and access unparalleled stock analysis across all markets.

Want To Explore Some Alternatives?

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