Explore 3 Leading TSX Dividend Stocks to Enhance Your Portfolio

February 25, 2025 03:32 PM EST | By Team Kalkine Media

Explore 3 Leading TSX Dividend Stocks to Enhance Your Portfolio — Image source: Shutterstock

Canadian Imperial Bank of Commerce (TSX:CM)

A diversified financial institution, the Canadian Imperial Bank of Commerce offers an array of services across Canada, the U.S., and internationally with a robust market cap of CA$81.60 billion. Generating revenue from various banking sectors, the bank holds a dividend yield of 4.5%, marked by stable payments over the past decade. Its dividends are predicted to sustain, backed by low payout ratios. Recent expansions in CDR offerings highlight an effort to broaden market accessibility without currency complexities.

Headwater Exploration Inc. (TSX:HWX)

Specializing in exploration and production of petroleum and natural gas in Canada, Headwater Exploration holds a market cap of CA$1.58 billion. The company is notable for its dividend yield of 6.6%, placing it among the top 25% in Canada, with a growing dividend history supported by solid earnings. Strategic acquisitions and partnerships hint at potential growth, despite forecasts predicting declining earnings in the near term.

The North West Company Inc. (TSX:NWC)

The North West Company operates retail stores in rural and urban regions across northern Canada, Alaska, and other global locations. It showcases a dividend yield of 3.4% with a solid history of payouts. Recent sales figures show moderate growth, reinforcing the company's solid dividend sustainability with substantial earnings and cash flow coverage.

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