Top 3 Canadian Dividend Stocks to Buy in February 2026

This idea comes from Passive Income Investor, a channel with nearly 30,000 subscribers that focuses on income, cash flow, and long-term positioning. 

In a recent video, the creator laid out a clear case for why Canadian dividend stocks are starting to matter more than crowded US tech names.

The argument is simple. Canadian markets trade at lower valuations, many companies are already cash flowing from the AI and energy buildout, and dividends are paying investors today. This is not about waiting for future breakthroughs. The earnings are already here.

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Why Canada Looks Different Right Now

Canadian stocks trade at lower multiples than US equities. That matters when expectations are high everywhere else. In the US, much of the AI story is still forward-looking. 

In Canada, the benefits show up now through commodities, energy, utilities, and financials that power data centers and infrastructure.

Canada also sits on large reserves of copper, uranium, gold, and silver. These materials feed directly into electrification and AI expansion. As demand rises, Canadian companies benefit without needing speculative assumptions.

Lower volatility adds another layer. Over the last five years, dividend-focused Canadian exposure delivered competitive returns with smoother price action.

TC Energy: Stable Cash Flow With Energy Exposure

TC Energy stands out as a large, stable pipeline operator with a solid dividend yield around 4%. The company plays a central role in North American energy transport and is expanding its exposure to nuclear-related infrastructure.

TC Energy is involved in projects tied to Ontario’s nuclear power expansion, including capacity additions at Bruce Power.

 It is also exploring ways to use nuclear and low-emission power across its pipeline network. This positions the company well as energy demand grows alongside AI infrastructure. The appeal here is not speed. It is predictability, scale, and steady income.

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Brookfield Renewable Partners: Powering the Buildout

Brookfield Renewable Partners offers direct exposure to renewable power generation with a dividend yield near 5%. The company operates across hydro, wind, and solar assets and remains well below its prior highs.

One key development is its partnership with Microsoft to build more than 10 gigawatts of renewable capacity between 2026 and 2030. That type of agreement brings long-term visibility and stable cash flows.

As data centers expand, reliable power becomes critical. Brookfield sits directly in that value chain.

Enbridge: Yield, Scale, and Rate Relief

Enbridge remains one of the most widely held income stocks in Canada. The company offers a dividend yield near 6% and operates essential oil and gas infrastructure across North America.

Enbridge also partners with large technology firms to support renewable power for data centers. At the same time, it benefits from easing interest rate pressure. With large amounts of debt on the balance sheet, lower rates flow straight into improved earnings and cash flow.

This is a classic income setup. High yield, essential assets, and improving financial conditions.

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Furthermore, Canadian dividend stocks are not replacing US tech. They are filling a gap. Cash flow today, lower valuations, and exposure to the physical side of AI and electrification give them a different role in a portfolio.

For February 2026, the appeal is balance. These companies pay income now, operate real infrastructure, and sit inside long-term trends that are already underway. That combination is why more investors are starting to look north again.

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