The Best Dividend Stock Screeners For Canadian (2024)

Everybody wants to get rich. Right?

To achieve wealth, one can construct an investment portfolio suited to their financial needs. But as a regular DIY investor, it is difficult to decide on which specific stock amongst the thousands of stocks you should start with, buy, or sell.

A stock screener is a tool which helps you in narrowing down to the right stock. It is used to filter the market for stocks that meet a given set of parameters.

Why Use A Stock Screener?

The purpose of a stock screener is to find stocks matching our criteria to build a watch list of stocks that are of interest to your portfolio. It’s very time consuming to go through a stock screener to pick a stock to buy every time.

The best approach is to use a stock screener to find stocks worth watching and you put them on your portfolio watch list. While you can start your stock watch list by using the , Canadian Dividend Aristocrats, or Canadian Dividend Achievers, you may not want them all on your list and narrow down the companies that work for your strategy.

How To Use a Stock Screener

Using a good stock screener is a very useful aid in constructing a stock watch list to build a successful investment portfolio. An ideal stock screener provides features such as:

  • Ease of Use
  • Quality of Data

A good stock screener will guide you towards the stocks based on your requirements and investment needs. One first pass on screening stocks is to focus on finding dividend growth blue chip stocks.

I use the following criteria to build my short list and evaluate the screeners.

  • Screener Criteria 1: Stock Market is the TSE (Toronto Stock Exchange)
  • Screener Criteria 2: Market Capitalization above $2B
  • Screener Criteria 3: Dividend Yield above 0.5%
  • Screener Criteria 4: 5 Year Dividend Growth rate above 5%

You will notice the criteria are not strict and it’s to avoid filtering out hidden opportunities. If you go too high with the dividend yield, you lose on stocks like Canadian National Railway or Alimentation Couche-Tard.

Being strict comes when it’s time to pick a stock from your short list and reviewing the finer details of the financials.

Stock Screeners Available

This list might not be exhaustive and was compiled keeping in mind most commonly used parameters. There might be more stock screeners available for Canadian stocks.

Selecting a stock screener is just taking a first step towards creating your portfolio. Once that is done, research about the company’s fundamentals and future plans is required.

Hope this list was helpful to you. Good luck and happy investing!

1Dividend Snapshot ScreenersNoYes
2Stock RoverNoYes
4TMX ScreenerYesNo
5Globe & Mail Stock ScreenerYesYes
8MSN MoneyYesNo
9Yahoo FinanceYesNo

What I have found in my years of investing is that none of the free screeners are good enough for serious investors! Go with the mindset that you will have to pay to get access to serious data.

Stock Screeners Review

Dividend Snapshot Screeners

The Dividend Snapshot Screeners are very specific for dividend investors looking for dividend growth or dividend income.

Due to the sheer amount of metrics available, the screeners are using Excel as it is significantly harder to use a website or your phone to screen stocks. Screen real-estate is important.

The unique part of these screeners are the propriatery dividend data metrics for classifying stocks into dividend growth or dividend income or both (the holy grail of stocks).

The usability is simple since you are using Excel and you can filter at the top. A user interface most other web based screeners have difficulty with.

Stock Rover

While I tried to screen stocks with a free screener for the longest time, it’s just not possible to get the data you need in the long run. The free data just isn’t enough. I have personally settled on Stock Rover as the best screener.

Below you can see how easy it is to use and above all, you get access to hundreds of metrics. Not only that, you can make your own metrics from existing metrics and screen using your own custom metrics.

The Chowder Score is even included along with the Graham number or the Piotroski F-score.

As for the user experience, it’s like using a very large spreadsheet.

The Best Dividend Stock Screeners For Canadian (1) helps you to narrow down your search based on markets, exchanges, sectors, industries, types of equities etc.

You can further filter the Canadian stocks using a range of filters such as ratios, price, volume, fundamentals, and dividends. Other than these, a host of technical indicators such as ADX, ATR, Bull/ bear power, CCI, MACD, RSI etc are also available.

Each of these filters further have a number of headers to choose from. Once sorted, you can save your screen by signing up for free. Another feature of this screener is its “top screens” – a feature very useful for a new investor.

A few of the top screens are “dividend payers with cheap stocks, fast growing companies, or stocks on the verge of a breakout or heading for a fall” etc.

With 62 data points to create a screener, you have plenty of data to get started.

The Best Dividend Stock Screeners For Canadian (2)

When it comes to earnings calendar, has the best filter and navigation. It’s not part of stock screening but I wanted to pass along this information.

The user interface is by far one of the best and most intuitive.

TMX Stock screener

TMX Stock screener is one of the most sophisticated Canadian stock screeners with a clear and comprehensive layout. And the good news is that it is free! Offered by TMX Group which owns the Toronto Stock Exchange, you can run a preset screener or a previously saved screener.

There are fundamental, technical, and descriptive metrics available to screen from. Other than the set seven basic criteria, you can add few other filters related to dividends, share performance, financials, technicals etc. It is very user-friendly.

You can also access the charts, financial statements and news related to the stocks. TMX stock screener is a valuable tool for day traders as well, who can set and save stock price movements.

TMX is also a good tool for screening dividend stocks as it gives a wide range of filters to choose from such as dividend yield, payout ratio and dividend rate.

Over 76 metrics can be used to search and based on the criteria above 42 stocks were filtered.

The Best Dividend Stock Screeners For Canadian (3)

Globe & Mail Stock Screener

The Globe & Mail stock screener is maintained by the leading Canadian Daily, Globe & Mail. You can choose from a number of filters like the price quote, fundamentals, per share info, ratios and financials.

The 5-year dividend growth (%), a popular metric amongst dividend growth investors can be found here. All these features come for free while the advanced version has more parameters and filters to choose from.

66 metrics are available for filtering stocks. Using the same criteria as above, 37 stocks were filtered. Much of it can be attributed to the source of data based on my experience with different data providers and calculations.

The Best Dividend Stock Screeners For Canadian (4)


Barchart provides screener results for a number of countries like USA, Canada, UK and Australia. In the Canadian market, TSX, Toronto Venture, CSE and NEO exchanges are available. You can save your screen to be run on a later date. One can choose between a number of parameters such as prices, fundamentals, growth rates, per share info, financial ratios etc. It is pretty much same as the Globe & Mail stock screener.

If you are familiar with the Globe & Mail screener, you will notice the familiarities. That’s due to the Globe & Mail using barchart’s technology to provide the service. Barchart is the official source of data and tools for the Globe & Mail for screening.

The biggest difference between the Globe & Mail and barchart is the account requirements. I did not need an account with the Globe & Mail but I needed an account with barchart. I am giving barchart the nudge over the Globe&Mail simply because it’s focused on data and they have good visualization on sector movement and other data points.

The Best Dividend Stock Screeners For Canadian (5)


Finviz gives a lot of details in one screener and is useful for creating financial visualizations. You can choose between descriptive (eg. market cap, sector, dividend yield, average volume etc.), fundamental (P/E, ROE, EPS, growth etc.), and technical (moving average, volatility, performance etc.) filters.

Popular among both professional traders and investors alike, Finviz also gives details related to a stock’s ownership, valuation, financial, snapshot, news, stats etc. It also has a paid version.

An investor can look at the stock movement in his portfolio by day, week, month, quarter, year etc. This one of the coolest features of Finviz screener.

In addition to the above parameters, this stock screener also offers unique filters such as analyst recommendations, insider and institutional transactions, EPS growth this year, quarter-on-quarter, next year, next five years etc.

Finviz unfortunately disappoints for dividend investors. It’s more of a trader’s screener and it doesn’t support stock exchanges outside of the US.

The Best Dividend Stock Screeners For Canadian (6)

MSN Money

MSN Money makes available preset screens like “high dividend yields, bargain stocks, blue chips, 52-week highs and lows, tech giants” etc. If an investor is looking for a particular selection, he can simply click and get a list of stocks and their corresponding market capitalization values, dividend yield, ROE and sectors.

Alternatively, an investor can create his own portfolio using filters such as key stats, price, growth, financial health, profitability, ratios, estimates etc. You can also use analyst ratings and Morningstar grades to further narrow down your search.

No dividend growth present in the filter even with 66 data points available for users to screen stocks.

The Best Dividend Stock Screeners For Canadian (7)

Yahoo Screener

Yahoo Finance also offers Canadian stock screener with a huge choice of filters ranging from share statistics, income, valuation measures, cash flow statement, earnings, sector and other financial highlights. Yahoo Finance screener also lists out ESG scores for the environment lovers.

However, this screener does not have dividend filters, so it might not be useful for dividend growth investors. You can also save the filters for future use view results in a list form or a heatmap view.

The Best Dividend Stock Screeners For Canadian (8)

Reuters Stock Screener

The Reuters screener gives an option of choosing from few saved quick screeners such as “growth at a reasonable price, large cap and small cap growth, near price highs” etc.

These screeners come with a preset screen criteria suitable for the particular screener. You can define the range and play within the saved screeners, but cannot choose a new screener.

The Best Dividend Stock Screeners For Canadian (9)

As a seasoned investor with years of experience in the financial markets, I understand the challenges that DIY investors face when constructing an investment portfolio. The key to achieving wealth through investments lies in making informed decisions, and one powerful tool that can assist in this process is a stock screener.

A stock screener is indispensable for narrowing down the vast array of stocks available in the market to those that align with your specific criteria. It helps in building a watchlist of stocks that are of interest to your portfolio. In this context, let's delve into the concepts mentioned in the article and provide insights into each.

Why Use A Stock Screener? The primary purpose of a stock screener is to find stocks that match predefined criteria, saving time for investors. Rather than going through the exhaustive process of manually picking stocks, a stock screener efficiently filters the market for stocks that meet specific parameters.

How To Use a Stock Screener Using a stock screener effectively involves considering key features such as ease of use and the quality of data. An ideal stock screener guides investors toward stocks based on their requirements and investment needs. The article outlines specific criteria for screening stocks, including focusing on dividend growth blue-chip stocks with criteria like stock market (TSE), market capitalization, dividend yield, and 5-year dividend growth rate.

Stock Screeners Available The article provides a list of stock screeners, both free and paid, for Canadian stocks. It emphasizes the importance of considering paid options for serious investors, highlighting that free screeners may not provide sufficient data for informed decision-making.

Let's review some of the mentioned stock screeners:

  1. Dividend Snapshot Screeners

    • Excel-based screeners specifically designed for dividend investors.
    • Proprietary dividend data metrics classify stocks into dividend growth or income categories.
    • User-friendly interface using Excel for efficient screening.
  2. Stock Rover

    • Recommended as one of the best screeners.
    • Offers access to hundreds of metrics, allowing customization and creation of custom metrics.
    • User experience resembles using a large spreadsheet.

    • Helps narrow down searches based on various parameters such as markets, sectors, and technical indicators.
    • Intuitive user interface with 62 data points for creating screeners.
    • Notable for its excellent earnings calendar filter.
  4. TMX Stock Screener

    • Sophisticated Canadian stock screener offered by TMX Group (Toronto Stock Exchange).
    • Free with a clear and comprehensive layout.
    • Provides fundamental, technical, and descriptive metrics for screening.
  5. Globe & Mail Stock Screener

    • Maintained by the Globe & Mail, offering various filters for price, fundamentals, and financials.
    • Free version with 66 metrics available for filtering stocks.
  6. Barchart

    • Provides screener results for multiple countries, including Canada.
    • Similar to the Globe & Mail screener, utilizing Barchart's technology.
    • Requires an account but focuses on data and offers good visualization.
  7. Finviz

    • Comprehensive screener for creating financial visualizations.
    • Offers filters for descriptive, fundamental, and technical parameters.
    • Popular among traders but lacks support for non-U.S. stock exchanges and disappoints for dividend investors.
  8. MSN Money

    • Provides preset screens and the ability to create custom portfolios.
    • Lists key stats, price, growth, financial health, and more.
    • Lacks dividend growth filters despite offering 66 data points.
  9. Yahoo Finance

    • Offers a Canadian stock screener with a wide range of filters.
    • Includes ESG scores but lacks dividend filters.
  10. Reuters Stock Screener

    • Provides preset quick screeners with specific criteria.
    • Allows defining ranges within saved screeners but lacks the option to create new ones.

In conclusion, utilizing a stock screener is a crucial step in constructing a successful investment portfolio. Each mentioned screener has its strengths and weaknesses, and the choice depends on individual preferences and investment strategies. As an investor, it's essential to explore and understand the features of different screeners to make informed decisions in wealth-building endeavors.

The Best Dividend Stock Screeners For Canadian (2024)


Top Articles
Latest Posts
Article information

Author: Domingo Moore

Last Updated:

Views: 5610

Rating: 4.2 / 5 (73 voted)

Reviews: 88% of readers found this page helpful

Author information

Name: Domingo Moore

Birthday: 1997-05-20

Address: 6485 Kohler Route, Antonioton, VT 77375-0299

Phone: +3213869077934

Job: Sales Analyst

Hobby: Kayaking, Roller skating, Cabaret, Rugby, Homebrewing, Creative writing, amateur radio

Introduction: My name is Domingo Moore, I am a attractive, gorgeous, funny, jolly, spotless, nice, fantastic person who loves writing and wants to share my knowledge and understanding with you.