Several decisions and payment dates for four of Canada's most widely held Dividend stocks fall in the next few weeks. Enbridge (TSX:ENB) has a November 13 Record Date for its December 1 payment. Fortis (TSX:FTS) follows with a November 17 record date and also pays on December 1. Toronto-Dominion Bank (TSX:TD) reports fourth-quarter results on December 3, when it usually announces its next dividend. BCE (TSX:BCE) has a December 15 record date for its January 15, 2027 payment. Enbridge has also usually set its next year's guidance and dividend increase in early December. For income investors, the next six weeks will show whether each company's payout is rising, holding steady or under pressure.

Enbridge: A Payment Due and a Raise Possibly Coming

Enbridge declared its regular quarterly dividend of $0.97 a share on November 4, payable December 1 to shareholders of record on November 13. Under Canada's T+1 settlement cycle, the ex-dividend date and the record date are the same day, so buyers need to own the shares by the close of trading on November 12 to receive the December payment.

The bigger event is Enbridge's annual guidance update. On December 3, 2025, the company raised its quarterly dividend 3% to $0.97, from $0.9425, which it described as its 31st consecutive annual increase. It also set 2026 guidance for distributable Cash Flow (DCF) of $5.70 to $6.10 a share. The annualized dividend of $3.88 works out to roughly two-thirds of the midpoint of that range. Enbridge has not yet announced the date of its 2027 update, but the pattern suggests early December. The company has said it uses DCF to set its payout target, so its 2027 cash flow outlook will help investors judge how much room it has for another increase.

Fortis: The Increase Has Already Been Announced

Fortis announced its increase with third-quarter results on November 3. It raised the quarterly dividend 4% to $0.665 a share, payable December 1 to shareholders of record on November 17. Third-quarter Earnings were $474 million, or $0.92 a share, compared with adjusted earnings of $0.87 a year earlier.

Fortis also released a $32.2 billion Capital plan for 2027 to 2031, $3.4 billion more than its previous plan. It expects midyear rate base to grow from $45.3 billion in 2026 to $63.9 billion in 2031, a compound annual growth rate of 7.5%. Management extended its dividend growth guidance of 4% to 6% a year through 2031. Coverage of the Earnings Call described the increase as the company's 53rd consecutive annual raise. Because Fortis earns most of its income from regulated utilities, its dividend increases are tied closely to growth in the rate base on which regulators allow it to earn a return.

TD: Results and the Dividend on December 3

TD paid its latest quarterly dividend of $1.12 a share on October 31. That amount was declared on August 27 with third-quarter results. The bank is scheduled to release fourth-quarter and full-year results on December 3, and it normally declares its next common dividend at the same time.

In the third quarter, TD reported adjusted diluted earnings of $2.77 a share and a Common Equity Tier 1 (CET1) capital ratio of 14.3%, comfortably above regulatory minimums. Earnings at that level cover the $1.12 quarterly dividend well. What investors will watch on December 3 is whether TD raises the dividend, how much it spends on anti-money laundering remediation, and how fourth-quarter Credit losses look. A strong capital ratio gives the bank room to raise the payout or buy back shares, but the board decides each quarter.

BCE: A Smaller Dividend Holding Steady

BCE has taken a different path. In 2025 the company cut its quarterly dividend sharply, to $0.4375 a share, to conserve cash for Debt reduction and its fibre and U.S. expansion plans. In early November it declared another unchanged payment of $0.4375, payable January 15, 2027 to shareholders of record on December 15.

BCE has since announced a $2.45 billion sale of a stake in its tower Assets to La Caisse. Proceeds like these can help reduce leverage, which management has said is a priority. For income investors, the question is no longer whether BCE will cut again. It is whether free cash flow and asset sales can stabilize the Balance Sheet enough for dividend growth to resume eventually. The company has not set a timeline for that.

What Could Affect These Payouts

Interest rates are the most important common factor. The Bank of Canada raised its policy rate to 2.5% in October and said further increases could be needed. Higher rates raise borrowing costs for capital-intensive companies such as Enbridge, Fortis and BCE. They also make guaranteed investments like GICs and bonds more competitive with dividend stocks. The Bank's next decision is on December 9.

Each company also faces its own risks. Enbridge depends on its pipeline projects coming in on budget and on regulatory approvals. Fortis needs regulators to approve the rates that support its spending plan. TD's payout depends on credit quality and on the cost of meeting U.S. regulatory requirements. BCE's depends on competition in Canadian wireless and internet and on whether it can keep cutting debt. Dividends are never guaranteed, and past increases do not guarantee future ones.

Conclusion

Over the next six weeks, Enbridge and Fortis shareholders receive December payments, and Fortis has already announced its 4% increase. TD reports results on December 3, when it usually declares its next dividend. BCE's unchanged dividend is payable in January. Enbridge's 2027 guidance, if it follows past years' timing, is the main event still to come. Together, these announcements will show which of these four companies are positioned to keep raising their dividends in a higher-rate environment.