Dividend investing by no means must be an either-or alternative between security and development. Many high quality Canadian shares handle to supply each, due to their diversified operations, strong development fundamentals, and disciplined monetary methods. When earnings rise and money flows keep wholesome, dividends turn out to be extra sustainable, and share costs typically comply with. This strategy fits buyers who need earnings at the moment with out sacrificing future returns.
On this article, I’ll highlight two high Canadian dividend shares to purchase that stability passive earnings with capital development.
Energy Company inventory
To generate dependable earnings paired with long-term upside, Energy Company of Canada (TSX:POW) presents an fascinating place to begin. This Montréal-based holding firm has main pursuits in insurance coverage, wealth administration, and various investments. Its core holdings embrace Nice-West Lifeco and IGM Monetary, which give it publicity to retirement, asset administration, and advisory companies.
After leaping by 63% during the last yr, POW inventory trades round $73 per share, giving it a market capitalization of roughly $43 billion. On the present market worth, it additionally presents an annualized dividend yield of about 5.6%.
Energy Company’s latest inventory efficiency has been backed by bettering earnings throughout its working firms. Within the third quarter, the group’s web revenue from persevering with operations rose to $703 million, practically double the extent reported a yr earlier. Stronger contributions from its insurance coverage and wealth platforms additionally drove its adjusted web earnings larger within the newest quarter.
In the meantime, Energy Company’s adjusted web asset worth climbed 19.5% within the first 9 months of 2025 to $72.24 per share with the assistance of beneficial properties in its publicly traded holdings.
Over the long run, the corporate’s diversified mixture of insurance coverage, asset administration, and various investments positions it nicely to learn from getting older demographics in Canada and rising demand for wealth options. That mixture makes it a strong dividend inventory with room for capital development in the long term.
Scotiabank inventory
Financial institution of Nova Scotia (TSX:BNS), or Scotiabank, is one other high Canadian dividend inventory that may add a layer of earnings stability and development potential to your portfolio. As certainly one of Canada’s largest banks, its operations embrace Canadian banking, worldwide markets, wealth administration, and capital markets.
Following a 30% rally within the final 12 months, BNS shares presently commerce close to $100 apiece, giving it a market cap of about $124 billion. The financial institution pays a quarterly dividend with an annualized yield of roughly 5.6%, which stays enticing for income-focused buyers.
Within the fourth quarter of its fiscal yr 2026 (led to October), Scotiabank’s web earnings climbed practically 31% YoY (year-over-year) to $2.2 billion. This robust profitability development was primarily supported by larger web curiosity earnings and stronger non-interest income. Improved margins, helped by decrease funding prices, additionally performed a task in boosting its earnings.
Trying forward, Scotiabank’s give attention to stability sheet energy, disciplined expense administration, and continued development momentum in its wealth and capital markets segments helps its dividend sustainability and future capital development potential. That’s why, for buyers in search of earnings with long-term upside, it stays one of many high Canadian dividend shares to purchase now and maintain for years to come back.
