After closing 2025 with a strong 28.2% achieve, the S&P/TSX Composite Index has began 2026 on a blended notice because it rose by solely 0.7% within the first month of the yr. The current market volatility might partly be attributed to renewed U.S.-Canada commerce tensions, together with Donald Trump’s warnings of a possible 100% tariff on Canadian items if commerce relations shift towards China.
In unsure moments like this, well-established dividend gamers may help you keep grounded and proceed constructing wealth — even when the inventory market quickly turns unstable. On this article, I’ll spotlight three Canadian dividend shares that would assist you brace for tariff turbulence.
Canadian Utilities inventory
When tariff turbulence threatens cross-border commerce, regulated utilities like Canadian Utilities (TSX:CU) might present a powerful base to your portfolio. It runs regulated electrical energy and pure gasoline transmission and distribution property throughout a number of areas.
Following a 29% rally over the past 12 months, CU inventory presently trades at $43.87 per share, giving it a market cap of about $9 billion. With this, it provides a sexy annualized dividend yield of roughly 4.2%.
Within the September 2025 quarter, the corporate’s adjusted earnings rose almost 6% to $108 million due primarily to its secure regulated operations fairly than export demand.
In the meantime, Canadian Utilities’s give attention to capital allocation continues to favour its long-life infrastructure. The corporate not too long ago invested $402 million, with most spending directed towards regulated utilities. Furthermore, tasks just like the $2.9 billion Yellowhead Pipeline and the CETO electrical energy transmission line add visibility to its future money flows, which ought to preserve its dividends secure even when tariffs disrupt trade-exposed sectors.
Atco inventory
Past pure utilities, companies with a number of infrastructure income streams usually deal with tariff turbulence higher, and ATCO (TSX:ACO.X) provides that broader publicity. It’s a Calgary-based diversified infrastructure enterprise spanning utilities, modular constructions, logistics, and vitality programs.
After witnessing a 27% run over the past yr, ATCO inventory now trades close to $58 per share with a market cap of roughly $5.9 billion. It presently has an annualized dividend yield of about 3.5%, paid on a quarterly foundation.
Within the third quarter of 2025, the corporate’s adjusted earnings rose to $103 million with the assistance of contract wins at ATCO Buildings and continued funding in regulated utility property. And extra importantly, these earnings are much less depending on direct export volumes.
In the long term, ATCO is more likely to profit from infrastructure tied to important companies. Modular housing contracts, defence-related logistics eligibility within the U.S., and controlled vitality tasks might restrict its draw back from tariff turbulence, making its dividend very sturdy.
Premium Manufacturers inventory
Whilst commerce dangers rise, folks nonetheless purchase meals, and that secure demand makes Premium Manufacturers Holdings (TSX: PBH) a prime dividend inventory to contemplate. It primarily produces and distributes specialty meals merchandise throughout Canada and the USA.
After rallying by round 21% within the final yr, PBH inventory trades at $95.14 per share with a market cap near $5 billion. On the present market value, it has an annualized dividend yield of about 3.6%.
Within the September quarter, the corporate’s income rose about 19% YoY to a report $2 billion. In the meantime, its profitability additionally improved regardless of greater beef prices. This development was primarily pushed by robust natural quantity positive factors in its U.S. protein, sandwich, and baked items segments.
Whereas tariffs might affect the corporate’s enter prices, Premium Manufacturers continues to handle pricing and procurement to reduce these impacts. With a payout ratio close to 55% and regular client demand, this dividend participant might proceed to thrive even amid tariff turbulence.