High Dividend Stocks Showing Strong Growth on TSX

July 06, 2025 02:54 PM EDT | By Team Kalkine Media
 High Dividend Stocks Showing Strong Growth on TSX
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Highlights

  • Multiple TSX-listed firms have raised dividends significantly amid favourable margin conditions.
  • Sectors including infrastructure, technology, and services show consistent distribution growth trends.
  • Broader economic signals such as softening employment support the dividend growth landscape.

A shifting economic environment with moderated wage inflation and softer employment data has influenced dividend strategies across sectors on the Toronto Stock Exchange (TSX). Indexes such as the S&P/TSX Composite Index and S&P/TSX Dividend Index provide insight into trends among dividend-yielding firms, particularly in essential services, financial infrastructure, and information technology.

Visa Canada (TSX:V)

Visa Canada (TSX:V) has maintained a steady pattern of dividend increases supported by its robust digital payments infrastructure. Despite operating with a relatively modest dividend yield, the company consistently demonstrates earnings strength and free cash flow efficiency. This discipline allows for ongoing shareholder returns and a sustainable capital allocation framework, reinforcing its payout reliability through varying economic cycles.

Waste Connections (TSX:WCN)

Waste Connections (TSX:WCN) operates in the non-discretionary waste management space, where it has achieved scalable revenue and disciplined expense management. Its services span municipal, commercial, and industrial segments across North America, giving it operational stability. The company’s dividend trajectory has shown upward revisions, reflecting dependable cash flows and a long-term approach to shareholder returns.

Canadian National Railway (TSX:CNR)

Canadian National Railway (TSX:CNR) continues to support dividend increases through efficiency gains and capital investment optimization. As one of Canada’s core freight transport providers, the firm benefits from a wide logistical footprint and infrastructure improvements. Its steady operating margin and focus on route automation have contributed to free cash generation, which supports consistent dividend policies.

High dividend stocks have gained visibility through names such as Brookfield Infrastructure Partners (TSX:BIP.UN), which offers distributions backed by diversified global infrastructure assets. The company’s portfolio includes utilities, transportation, and digital services, all underpinned by long-term contracts. Recent dividend increases reflect strong revenue visibility and ongoing asset rotation strategies aligned with stable earnings profiles.

Open Text Corporation (TSX:OTEX)

Open Text Corporation (TSX:OTEX) delivers consistent shareholder distributions anchored in a recurring-revenue software model. The firm’s acquisition-led growth strategy has bolstered its financial flexibility and operating leverage. With a strong international presence and expanding suite of cloud solutions, the company continues to revise dividends in alignment with increased profitability and integration success.


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