5 Canadian Stocks with Highest Dividends

In his article, we will take a look at the 5 Canadian Stocks with Highest Dividends. For deeper discussion and analysis, read 10 Canadian Stocks with Highest Dividends. 

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5. Rogers Communications Inc. (NYSE:RCI)

Dividend Yield as of April 25: 4.06%

On April 23, TD Securities upgraded Rogers Communications Inc. (NYSE:RCI) to Buy from Hold. It also lifted its price target to C$60 from C$56. The call leans heavily on the company’s “much lower” capex outlook, which is expected to support stronger free cash flow and earnings. The analyst also pointed to improving confidence in wireless pricing, along with better visibility on how Rogers can monetize its sports assets.

A day earlier, on April 22, Reuters reported that Rogers now expects 2026 capital spending to come in roughly 30% below 2025 levels. The company is tightening its budget as pricing pressure across the industry remains intense. Competition in Canada’s telecom market has picked up, and against that backdrop, Rogers lowered its 2026 capex forecast to a range of C$2.5 billion to C$2.7 billion, citing softer growth expectations.

Rogers is also moving ahead with its plan to acquire the remaining 25% stake in MLSE, with the deal expected to close in the second half of the year. Once completed, the company plans to group its sports, media, and entertainment assets under a single structure valued at more than $25 billion. It also intends to bring in outside investors by selling a minority stake. In the first quarter, Rogers added 28,000 postpaid wireless subscribers.

Rogers Communications Inc. (NYSE:RCI) operates as a diversified communications and media company in Canada. Its business is split across Wireless, Cable, and Media. The wireless segment serves both consumers and businesses with telecom services.