2026 Canadian Dividend Aristocrats: Analysis, Performance, And Insights

The 2026 Canadian Dividend Aristocrats are Canadian stocks that have grown dividends for 5+ years. There are currently 97 stocks on the list. However, five years or more of dividend growth does not by itself qualify a stock as a Canadian Dividend Aristocrat. A company must meet three criteria to be included on the list:

Be a member of the S&P Canada BMI and Toronto Stock Exchange
Increased the regular cash dividend per share for 5+ consecutive years but can maintain the same dividend for a maximum of two successive years within those five years. For new additions, the company must have increased its dividend in the first year of the prior five years.
Have a market capitalization of at least CAD 300 million

In addition, the Canadian Dividend Aristocrats follow these rules.

The Index is weighted by dividend yield.
Individual stocks are capped at an 8% weighting and subject to a basket liquidity (BL) maximum weight. BL maximum weight is determined by dividing the three-month average daily value traded by the BL amount of CAD 100 million.
The Index is updated annually in January.

Notably, these criteria are very different from those used to determine the list of Dividend Aristocrats in the United States. These stocks can be found in the S&P 500 Dividend Aristocrats Index. There are currently 69 constituents of the U.S. index.

On the other hand, there are currently 97 constituents in the Canadian Index. These stocks can be found in the S&P/TSX Canadian Dividend Aristocrats Index. Note that some of the Canadian Dividend Aristocrats also trade on other exchanges.

Market Update of the Canadian Dividend Aristocrats 2026

The Canadian Dividend Aristocrats 2026 currently have a yield of about 3.58%, and the average forward price-to-earnings (P/E) ratio is approximately 16.12X.

The mean market capitalization is roughly CAD 34,917 million, and the median is approximately CAD 12,163 million. The market cap ranges between about CAD 592 million to CAD 320,129 million. The total market capitalization is CAD 3,386,935 million.

In 2025, the Canadian Dividend Aristocrats provided a total return of 19.11% after two annual positive returns in row and a negative return in 2022. The price return was 13.98%. This performance was worse than the S&P/TSX Composite Index in 2025 at 31.68%.

List of Canadian Dividend Aristocrats in 2026

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Ticker	Name	Sector	Weight (%)
T	TELUS	Communication	3.14
SOBO	SOUTH BOW CORP	Energy	2.89
GEI	GIBSON ENERGY INC	Energy	2.59
WTE	WESTSHORE TERMINALS INVESTMENT COR	Industrials	2.27
ENB	ENBRIDGE INC	Energy	2.17
CGO	COGECO INC	Communication	2.15
CCA	COGECO COMMUNICATIONS SUBORDINATE	Communication	2.04
PPL	PEMBINA PIPELINE CORP	Energy	2.03
CRT.UN	CT REIT UNITS TRUST	Real Estate	2.01
CNQ	CANADIAN NATURAL RESOURCES LTD	Energy	2.01
ENGH	ENGHOUSE SYSTEMS LTD	Information Technology	1.89
MTL	MULLEN GROUP LTD	Industrials	1.88
TPZ	TOPAZ ENERGY CORP	Energy	1.83
TRP	TC ENERGY CORP	Energy	1.74
CPX	CAPITAL POWER CORP	Utilities	1.71
CTC.A	CANADIAN TIRE LTD CLASS A	Consumer Discretionary	1.54
CU	CANADIAN UTILITIES LTD CLASS A	Utilities	1.54
BNS	BANK OF NOVA SCOTIA	Financials	1.5
GRT.UN	GRANITE REAL ESTATE INVESTMENT STA	Real Estate	1.5
SLF	SUN LIFE FINANCIAL INC	Financials	1.49
EMA	EMERA INC	Utilities	1.47
MG	MAGNA INTERNATIONAL INC	Consumer Discretionary	1.43
KMP.UN	KILLAM APARTMENT REIT UNITS CLASS	Real Estate	1.42
CAR.UN	CANADIAN APARTMENT PROPERTIES REAL	Real Estate	1.38
CVE	CENOVUS ENERGY INC	Energy	1.37
BMO	BANK OF MONTREAL	Financials	1.36
MI.UN	MINTO APARTMENT REIT UNITS TRUST	Real Estate	1.33
ACO.X	ATCO LTD CLASS I	Utilities	1.31
CM	CANADIAN IMPERIAL BANK OF COMMERCE	Financials	1.29
FTS	FORTIS INC	Utilities	1.29
EIF	EXCHANGE INCOME CORP	Industrials	1.29
NWC	NORTH WEST COMPANY INC	Consumer Staples	1.28
GSY	GOEASY LTD	Financials	1.27
NTR	NUTRIEN LTD	Materials	1.24
QSR	RESTAURANTS BRANDS INTERNATIONAL I	Consumer Discretionary	1.24
GWO	GREAT WEST LIFECO INC	Financials	1.23
PBH	PREMIUM BRANDS HOLDINGS CORP	Consumer Staples	1.22
ALA	ALTAGAS LTD	Utilities	1.2
MTY	MTY FOOD GROUP INC	Consumer Discretionary	1.19
TD	TORONTO DOMINION	Financials	1.17
MFC	MANULIFE FINANCIAL CORP	Financials	1.13
MFI	MAPLE LEAF FOODS INC	Consumer Staples	1.11
NA	NATIONAL BANK OF CANADA	Financials	1.11
TOU	TOURMALINE OIL CORP	Energy	1.11
POW	POWER CORPORATION OF CANADA	Financials	1.08
BAM	BROOKFIELD ASSET MANAGEMENT VOTING	Financials	1.06
IIP.UN	INTERRENT REAL ESTATE INVESTMENT T	Real Estate	1.01
QBR.B	QUEBECOR INC CLASS B	Communication	1.01
JWEL	JAMIESON WELLNESS INC	Consumer Staples	0.99
OTEX	OPEN TEXT CORP	Information Technology	0.98
CNR	CANADIAN NATIONAL RAILWAY	Industrials	0.96
RY	ROYAL BANK OF CANADA	Financials	0.94
IMO	IMPERIAL OIL LTD	Energy	0.94
ARE	AECON GROUP INC	Industrials	0.93
H	HYDRO ONE LTD	Utilities	0.9
NOA	NORTH AMERICAN CONSTRUCTION GROUP	Energy	0.87
SIS	SAVARIA CORP	Industrials	0.84
EQB	EQB INC	Financials	0.8
IAG	IA FINANCIAL INC	Financials	0.68
EMP.A	EMPIRE LTD CLASS A	Consumer Staples	0.66
SAP	SAPUTO INC	Consumer Staples	0.66
TFII	TFI INTERNATIONAL INC	Industrials	0.65
WFG	WEST FRASER TIMBER LTD	Materials	0.64
IFC	INTACT FINANCIAL CORP	Financials	0.63
ADEN	ADENTRA INC	Industrials	0.62
FTT	FINNING INTERNATIONAL INC	Industrials	0.59
CJT	CARGOJET INC	Industrials	0.59
RCH	RICHELIEU HARDWARE LTD	Industrials	0.54
CEU	CES ENERGY SOLUTIONS CORP	Energy	0.54
TA	TRANSALTA CORP	Utilities	0.52
X	TMX GROUP LTD	Financials	0.52
SJ	STELLA JONES INC	Materials	0.51
CCL.B	CCL INDUSTRIES INC CLASS B	Materials	0.5
GIL	GILDAN ACTIVEWEAR INC	Consumer Discretionary	0.5
TRI	THOMSON REUTERS CORP	Industrials	0.5
LNR	LINAMAR CORP	Consumer Discretionary	0.5
TIH	TOROMONT INDUSTRIES LTD	Industrials	0.49
MRU	METRO INC	Consumer Staples	0.49
EFN	ELEMENT FLEET MANAGEMENT CORP	Industrials	0.47
WN	GEORGE WESTON LTD	Consumer Staples	0.43
ATD	ALIMENTATION COUCHE TARD INC	Consumer Staples	0.42
ALS	ALTIUS MINERALS CORP	Materials	0.34
BDGI	BADGER INFRASTRUCTURE SOLUTIONS LT	Industrials	0.32
L	LOBLAW COMPANIES LTD	Consumer Staples	0.31
HPS.A	HAMMOND POWER SOLUTIONS INC CLASS	Industrials	0.29
DOO	BRP SUBORDINATE VOTING INC	Consumer Discretionary	0.29
FNV	FRANCO NEVADA CORP	Materials	0.27
WCN	WASTE CONNECTIONS INC	Industrials	0.27
FSV	FIRSTSERVICE SUBORDINATE VOTING CO	Real Estate	0.23
OR	OR ROYALTIES INC	Materials	0.22
STN	STANTEC INC	Industrials	0.22
WPM	WHEATON PRECIOUS METALS CORP	Materials	0.22
BN	BROOKFIELD CORP CLASS A	Financials	0.17
BYD	BOYD GROUP SERVICES INC	Industrials	0.1
SVI	STORAGEVAULT CANADA INC	Real Estate	0.08
DOL	DOLLARAMA INC	Consumer Discretionary	0.07
GFL	GFL ENVIRONMENTAL SUBORDINATE VOTI	Industrials	0.05

Source: iShares S&P/TSX Canadian Dividend Aristocrats Index ETF and S&P/TSX Canadian Dividend Aristocrats Index

Historical Performance

As a group, the Canadian Dividend Aristocrats have exhibited slightly lower total annualized returns with more volatility than the benchmark index, the S&P/TSX Composite Index.

Over the past decade, the Canadian Dividend Aristocrats have had an annualized total return of 11.94% and a standard deviation of 13.73%, while the benchmark, the S&P/TSX Composite Index, had an annualized total return of 13.67% and a standard deviation of 12.96%.

Over the trailing five years, the Canadian Dividend Aristocrats have had an annualized total return of 14.78% and a standard deviation of 11.38%. The benchmark has had annualized total returns of 17.1% and a standard deviation of 12.27%.

Canadian Dividend Aristocrats Historical Performance

Source: S&P Dow Jones Indices

The table below shows the calendar year performance from 2016 to 2025.

Canadian Dividend Aristocrats Yearly Performance

Source: S&P Dow Jones Indices

Changes to the Canadian Dividend Aristocrats in 2026

On January 23, 2026, the S&P Dow Jones Indices announced the list would be changed effective February 2, 2026. A total of 12 stocks were added, and one stock was deleted from the list of Canadian Dividend Aristocrats. There were 97 companies on the list after the changes were completed.