2 Canadian Dividend Stars That Are Still A Good Price

Investors seeking reliable income stocks could consider adding dividend stars to their portfolios. These companies have a long track record of paying and steadily increasing dividends. Thanks to the broader equity market rally, Canadian dividend stars have gained in value. However, a few are still trading at a good price or reasonable valuations, offering income and value.

Against this background, here are two Canadian dividend stars to consider now. These companies have strong fundamentals, have consistently rewarded shareholders, and maintain a steady earnings base, which will enable them sustain their payouts year after year.

Dividend star #1: Enbridge

Speaking of dividend stars, investors could consider Enbridge (TSX:ENB) stock. Shares of this energy infrastructure company have gained over 16% in 12 months. Even after this run, Enbridge remains attractively valued, considering its high yield, long track record of dependable dividends, and growth prospects.

It has paid dividends for more than 70 years and increased its payout for 31 consecutive years. In addition, Enbridge stock offers an attractive yield of about 5.6%.

Looking ahead, Enbridge is well-positioned to sustain its payouts. Its revenues are diversified across multiple segments, supported by regulated assets and long-term contracts that provide predictable cash flows. Importantly, about 80% of the company’s EBITDA is inflation-protected. This resilience supports steady growth in distributable cash flow (DCF) per share, the key metric behind its dividend.

Enbridge continues to benefit from an extensive pipeline network with high asset utilization, complemented by a growing portfolio of utility and renewable energy assets. These businesses provide a solid foundation for steady dividend growth. At the same time, its payout ratios of 60% and 70% of DCF remain sustainable.

Dividend star #2: goeasy

After a tough year that has seen its share price fall more than 20%, goeasy (TSX: GSY) is looking like an appealing opportunity for income-focused investors. At current levels, the stock offers a mix of attractive yield, a long dividend track record, and a business model that has proven resilient through multiple economic cycles.

The company has been returning capital to shareholders for more than two decades and earned a spot in the S&P/TSX Canadian Dividend Aristocrats Index in 2020, reflecting its consistent dividend growth. That momentum has continued in recent years. In 2025, goeasy raised its dividend by 24.8%, and based on its recent closing price of $128.34, the stock now offers a dividend yield of roughly 4.6%.

goeasy appears well-positioned to maintain and grow its dividend. Demand for consumer loans in the subprime market remains strong, supporting the continued expansion of its loan portfolio and revenue. At the same time, the company benefits from diversified funding sources, an omnichannel distribution strategy, disciplined underwriting, and efficient operations, all of which help protect profitability and support shareholder payouts.

Looking ahead, management expects gross consumer loan receivables to reach between $7.35 billion and $7.75 billion by 2027, along with improving operating margins. This outlook points to steady earnings growth, giving goeasy ample capacity to cover its dividend and raise it further in the years to come.

The post 2 Canadian Dividend Stars That Are Still A Good Price appeared first on The Motley Fool Canada.

Should you invest $1,000 in Enbridge Inc. right now?

Before you buy stock in Enbridge Inc., consider this:

The Motley Fool Canada team has identified what they believe are the top 10 TSX stocks for 2026… and Enbridge Inc. wasn’t one of them. The 10 stocks that made the cut could potentially produce monster returns in the coming years.

Consider MercadoLibre, which we first recommended on January 8, 2014 … if you invested $1,000 in the “eBay of Latin America” at the time of our recommendation, you’d have $21,827.88!*

Now, it’s worth noting Stock Advisor Canada’s total average return is 102%* – a market-crushing outperformance compared to 81%* for the S&P/TSX Composite Index. Don’t miss out on our top 10 stocks, available when you join our mailing list!

Get the 10 stocks instantly #start_btn6 { background: #0e6d04 none repeat scroll 0 0; color: #fff; font-size: 1.2em; font-family: 'Montserrat', sans-serif; font-weight: 600; height: auto; line-height: 1.2em; margin: 30px 0; max-width: 350px; text-align: center; width: auto; box-shadow: 0 1px 0 rgba(0, 0, 0, 0.5), 0 1px 0 #fff inset, 0 0 2px rgba(0, 0, 0, 0.2); border-radius: 5px; } #start_btn6 a { color: #fff; display: block; padding: 20px; padding-right:1em; padding-left:1em; } #start_btn6 a:hover { background: #FFE300 none repeat scroll 0 0; color: #000; } @media (max-width: 480px) { div#start_btn6 { font-size:1.1em; max-width: 320px;} } margin_bottom_5 { margin-bottom:5px; } margin_top_10 { margin-top:10px; }

* Returns as of January 15th, 2026

More reading

• Undervalued Canadian Stocks to Buy Now
• Best Stock to Buy Right Now: Enbridge or TC Energy?
• This Simple TFSA Move Could Protect You in 2026
• 3 Dividend Stocks to Double Up on Right Now
• Transform Your TFSA Into a Cash-Gushing Machine With Just $20,000

Fool contributor Sneha Nahata has no position in any of the stocks mentioned. The Motley Fool recommends Enbridge. The Motley Fool has a disclosure policy.