5 Canadian Dividend Stocks with Over 3% Yield

3. First National Financial Corporation (TSX:FN.TO)

Forward Dividend Yield: 5.47%  

First National Financial Corporation (TSX:FN.TO) is a Toronto-based firm that engages in the residential and commercial mortgage business. It recently posted earnings for the third quarter, reporting earnings per share of C$0.78 and a revenue of C$353 million, down 5% compared to the revenue over the same period last year. It also declared a special dividend of $1.25 per share, in addition to a monthly dividend of $0.1958 per share. 

First National Financial Corporation (TSX:FN.TO) is different from other mortgage companies in Canada because most of the services it provides are online. The company was founded in 1988 and has a market cap of more than $2 billion. 

First National Financial Corporation (TSX:FN.TO) CEO Stephen Smith, during the earnings call, said that the demand for single-family and commercial mortgages remained strong despite changing market dynamics and the company was posting strong profits despite higher volumes.