Are you searching for top quality dividend shares with yields over 5%?

Sadly, there aren’t too many such alternatives today. The TSX Composite Index has carried out brilliantly this 12 months, rising 21% and outperforming the S&P 500 by 7%. In consequence, many shares that yielded north of 5% final 12 months have a lot decrease yields in the present day. For instance, TD Financial institution, my private favorite excessive yield title of 2024, had a 5.5% yield that 12 months, however yields solely 3.8% in the present day. That’s the draw back of shares going up: their yields go down!

However, I’ve been capable of determine 5 fairly top quality high-yield alternatives on the TSX in September of 2025. On this article, I discover 5 TSX shares with dividend yields over 5%.

Enbridge

Enbridge Inc (TSX:ENB) is a Canadian pipeline firm whose shares yield 5.5%. That is truly a traditionally low yield for Enbridge: for many of the final decade, ENB shares yielded round 7%. You can even snap up shares at a 12% yield briefly in the course of the COVID-19 market crash!

As we speak, Enbridge’s yield is far decrease than it was up to now, but it surely’s nonetheless comparatively excessive. There may nonetheless be a chance right here.

Financial institution of Nova Scotia

The Financial institution of Nova Scotia (TSX:BNS), higher often known as ‘Scotiabank,’ is a Canadian financial institution inventory whose shares yield nearly precisely 5% (okay, about 0.06% lower than 5% – minimize me some slack right here). Scotiabank has traditionally been the best yielding of Canada’s Large Six Banks. At occasions it has yielded as a lot as 7%! This 12 months, the inventory received caught up in an enormous rally in Canadian financials, very like its friends did. You may nonetheless snap up BNS shares at a near-5% yield and luxuriate in potential dividend development as effectively.

Brookfield Renewable

Brookfield Renewable Companions (TSX:BEP.UN)(TSX:BEPC) is a Canadian renewable vitality firm/fund. You should buy Brookfield Renewable in each a company kind and a restricted partnership.

Brookfield Renewable has been making large waves on this planet of vitality these days. It not too long ago inked offers to provide renewable energy to Microsoft and Google, each offers being valued within the billions of {dollars}. Additionally it is supplying energy to utilities and different conventional prospects throughout each Canada and america. There could also be some worth right here.

Canadian Pure Assets

Canadian Pure Assets (TSX:CNQ) is a Canadian built-in vitality firm that extracts, sells, and refines crude oil. The corporate’s inventory has not been performing exceptionally effectively this 12 months, being up solely 0.5% for the 12 months whereas the TSX is up 21%. Because of the underperformance, CNQ has a 5.3% dividend yield.

You’d must assume there’s at the least some logic for buyers promoting CNQ inventory this 12 months, however as certainly one of Canada’s most necessary vitality firms, it should in all probability survive.

Telus

Telus (TSX:T) is a Canadian telco inventory with a 7.6% dividend yield. The inventory received its excessive yield by way of a mix of dividend hikes and a falling inventory value. Canadian telcos have been getting hit exhausting within the markets this 12 months attributable to their sluggish high line development and shrinking margins. The trade simply hasn’t been an awesome place to be. Nonetheless, T does have a dependable buyer base and a wholesome steadiness sheet. At in the present day’s all-time low value, it’d simply be well worth the funding.

Silly backside line

The TSX inventory market has been purple scorching this previous 12 months and exhibits no indicators of coming down. Dividend yields are naturally going decrease. Nonetheless, because the 5 shares above display, it’s potential to search out 5% yielders if you understand the place to look.