The table below ranks all S&P/TSX Composite Index companies by indicated dividend yield, according to Bloomberg data.
Yield-paying index stocks where no credit rating is available from either Standard & Poor’s and Moody’s are excluded from the table. It is intended as a starting point for further research.
We hope the data provided are helpful and credible, but recognize they are not sufficient grounds for actual market transactions on their own.
Investors should verify the data provided and investigate all cases where “N/As” appear in the table before making buy and sell decisions.
As for methodology, we are relying heavily on long-term credit ratings from Standard & Poor’s and Moody’s. Credit rating, payout ratio and trailing price-to-earnings ratios are included so that investors can begin to assess the sustainability of current dividend income and the potential for dividend growth over time.
Data as of Thursday close.
Indicated Dividend Yield 5Y Dividend Growth 1Y Dividend Growth 1Y Total Return S&P LT Credit Rating Moody's LT Credit Rating Payout Ratio PE Ratio AP-UN-T ALLIED PROPERTIES REAL ESTAT 10.51 7.76 29.69 -31.22 N-A Baa3 N-A N-A BCE-T BCE INC 7.93 5.09 5.16 -10.63 BBB+ Baa2 170.05 15.04 ENB-T ENBRIDGE INC 7.82 5.39 3.17 -2.42 BBB+ Baa1 125.00 18.42 SPB-T SUPERIOR PLUS CORP 7.55 0.00 0.00 -8.76 BB- N-A 319.53 81.00 GEI-T GIBSON ENERGY INC 7.30 3.40 5.41 4.12 BBB- N-A 110.60 16.23 AQN-T ALGONQUIN POWER & UTILITIES 7.22 -2.59 -38.05 -17.77 BBB N-A N-A 40.76 TRP-T TC ENERGY CORP 7.14 6.15 3.33 5.34 BBB+ Baa3 135.70 11.99 LB-T LAURENTIAN BANK OF CANADA 7.07 -6.09 3.89 -17.82 BBB N-A 47.73 6.54 CRT-UN-T CT REAL ESTATE INVESTMENT TR 6.44 3.91 3.48 -9.87 BBB N-A 197.89 26.22 CPX-T CAPITAL POWER CORP 6.41 6.68 5.99 -2.71 BBB- N-A 265.66 6.32 BNS-T BANK OF NOVA SCOTIA 6.41 4.74 2.93 3.22 A+ N-A 71.57 10.67 T-T TELUS CORP 6.37 6.73 7.28 -7.33 BBB Baa2 250.93 22.45 BEP-UN-T BROOKFIELD RENEWABLE PARTNER 6.34 1.42 8.06 -9.97 BBB+ N-A N-A N-A TCL-A-T TRANSCONTINENTAL INC-CL A 6.31 1.39 0.00 -4.11 BBB- N-A 90.84 9.53 IGM-T IGM FINANCIAL INC 6.27 0.00 0.00 -9.23 A N-A 57.85 11.48 REI-UN-T RIOCAN REAL ESTATE INVST TR 6.17 -5.55 5.61 -11.63 BBB N-A 832.24 11.07 EMA-T EMERA INC 5.99 4.08 4.07 -5.05 BBB Baa3 77.61 16.19 KEY-T KEYERA CORP 5.96 2.43 2.78 17.02 BBB N-A 105.92 14.47 CCA-T COGECO COMMUNICATIONS INC 5.70 10.26 10.06 -7.84 BB+ N-A N-A N-A BIP-UN-T BROOKFIELD INFRASTRUCTURE PA 5.64 4.81 8.83 -8.95 BBB+ N-A 689.10 70.65 PPL-T PEMBINA PIPELINE CORP 5.63 3.27 13.46 11.07 BBB N-A 88.53 17.48 CHP-UN-T CHOICE PROPERTIES REIT 5.58 0.27 1.35 -3.41 BBB N-A 68.03 15.98 CM-T CAN IMPERIAL BK OF COMMERCE 5.48 5.35 5.28 11.83 A+ N-A 66.60 10.15 POW-T POWER CORP OF CANADA 5.34 6.90 6.06 13.97 A+ N-A 69.41 9.76 GWO-T GREAT-WEST LIFECO INC 5.29 6.01 7.91 19.46 A+ N-A 67.71 N-A NPI-T NORTHLAND POWER INC 5.17 0.00 0.00 -25.47 BBB N-A N-A 36.24 CTC-A-T CANADIAN TIRE CORP-CLASS A 5.08 13.13 10.36 -14.62 BBB N-A 182.55 36.19 TD-T TORONTO-DOMINION BANK 5.03 7.79 7.44 -6.04 AA- N-A 68.32 10.68 POU-T PARAMOUNT RESOURCES LTD -A 5.00 N-A -33.63 3.60 BB- Ba3 23.57 8.25 MFC-T MANULIFE FINANCIAL CORP 4.94 9.72 10.33 25.91 A N-A 55.60 12.41 BMO-T BANK OF MONTREAL 4.90 8.84 6.14 -0.71 A+ N-A 102.83 13.00 CIX-T CI FINANCIAL CORP 4.71 0.55 2.78 17.71 NR Baa2 45.83 7.82 SU-T SUNCOR ENERGY INC 4.67 7.26 13.30 5.95 BBB Baa1 33.27 10.49 GRT-UN-T GRANITE REAL ESTATE INVESTME 4.55 1.18 3.22 -7.92 N-A (P)Baa2 0.00 16.63 FTS-T FORTIS INC 4.53 5.71 5.00 1.60 A- Baa3 74.83 16.73 TVE-T TAMARACK VALLEY ENERGY LTD 4.40 N-A 20.10 -20.59 B N-A 1.67 10.23 CNQ-T CANADIAN NATURAL RESOURCES 4.40 22.52 -19.57 27.10 BBB- Baa1 47.74 12.83 SLF-T SUN LIFE FINANCIAL INC 4.31 9.43 8.51 14.07 A+ N-A 57.10 12.05 RY-T ROYAL BANK OF CANADA 4.18 7.06 6.30 3.20 AA- N-A 50.90 11.87 ALA-T ALTAGAS LTD 4.08 -9.86 5.66 30.26 BBB- N-A 74.69 17.19 NTR-T NUTRIEN LTD 4.07 5.65 12.39 -30.37 BBB Baa2 83.65 12.56 NA-T NATIONAL BANK OF CANADA 4.00 10.33 10.60 8.64 A N-A 42.05 10.86 IAG-T IA FINANCIAL CORP INC 3.90 13.90 17.55 -4.58 A N-A 39.39 11.50 RUS-T RUSSEL METALS INC 3.60 1.03 5.26 28.88 BB+ Ba1 36.45 10.29 SES-T SECURE ENERGY SERVICES INC 3.52 8.18 226.53 39.38 B+ Ba3 15.17 18.43 MG-T MAGNA INTERNATIONAL INC 3.42 7.96 5.62 1.67 A- A3 43.03 10.03 RCI-B-T ROGERS COMMUNICATIONS INC-B 3.33 0.82 0.00 -4.13 BBB- Baa3 123.46 21.42 AEM-T AGNICO EAGLE MINES LTD 3.32 29.53 2.71 5.88 NR Baa2 40.28 24.11 PAAS-T PAN AMERICAN SILVER CORP 3.24 24.19 -7.19 -17.01 BBB- Baa3 N-A N-A PKI-T PARKLAND CORP 3.20 2.99 4.62 52.25 BB N-A 51.13 16.03 QSR-T RESTAURANT BRANDS INTERN 2.99 4.64 4.17 25.18 BB N-A 60.83 29.58 H-T HYDRO ONE LTD 2.93 5.13 5.76 18.48 A- N-A 64.52 22.51 IMO-T IMPERIAL OIL LTD 2.82 22.54 43.84 28.11 AA- N-A 22.81 10.14 FTT-T FINNING INTERNATIONAL INC 2.80 4.83 5.93 6.25 BBB+ N-A 27.80 11.40 GSY-T GOEASY LTD 2.77 33.67 5.49 40.11 BB- Ba3 31.84 11.73 ABX-T BARRICK GOLD CORP 2.70 20.59 -36.69 -7.23 BBB+ A3 55.19 17.13 SAP-T SAPUTO INC 2.68 2.35 1.39 -22.65 N-A Baa1 48.46 18.55 VET-T VERMILION ENERGY INC 2.63 -31.97 42.86 -16.57 B+ B1 3.49 2.26 TA-T TRANSALTA CORP 2.59 7.06 7.14 -14.58 BB+ Ba1 372.63 4.18 OTEX-T OPEN TEXT CORP 2.59 11.07 11.68 16.34 BB+ Ba2 170.56 30.29 K-T KINROSS GOLD CORP 2.44 N-A 4.74 34.08 BBB- Baa3 35.37 13.03 CVE-T CENOVUS ENERGY INC 2.33 21.29 13.15 -2.99 BBB- Baa2 24.22 10.77 PRMW-T PRIMO WATER CORP 2.21 6.90 20.16 9.66 B+ N-A 79.98 31.07 IFC-T INTACT FINANCIAL CORP 2.14 9.46 10.00 17.59 N-A Baa1 62.93 25.53 EFN-T ELEMENT FLEET MANAGEMENT COR 2.11 9.24 26.32 19.74 BBB N-A 38.82 20.54 BTE-T BAYTEX ENERGY CORP 2.04 N-A N-A -17.43 B+ Ba3 0.00 69.55 CNR-T CANADIAN NATL RAILWAY CO 1.92 11.67 7.85 14.17 A- A2 36.95 24.14 MRU-T METRO INC/CN 1.83 10.92 10.20 5.75 BBB N-A 27.09 16.76 CCL-B-T CCL INDUSTRIES INC - CL B 1.67 15.31 10.42 7.54 BBB Baa2 35.50 19.18 MX-T METHANEX CORP 1.63 -10.72 20.25 -11.79 BB Ba1 28.36 18.26 NVEI-T NUVEI CORP-SUBORDINATE VTG 1.51 N-A N-A -12.36 BB- N-A 0.00 123.98 WFG-T WEST FRASER TIMBER CO LTD 1.49 18.14 6.54 7.97 BBB- Baa3 N-A 158.45 FFH-T FAIRFAX FINANCIAL HLDGS LTD 1.41 8.82 50.56 54.28 BBB *+ Baa2 5.29 10.51 TRI-T THOMSON REUTERS CORP 1.36 -20.80 10.36 31.90 BBB Baa1 37.81 29.27 L-T LOBLAW COMPANIES LTD 1.24 8.58 10.32 25.00 BBB N-A 26.34 21.69 TECK-B-T TECK RESOURCES LTD-CLS B 0.95 27.23 0.00 -5.29 BBB- Baa3 31.90 11.14 ATD-T ALIMENTATION COUCHE-TARD INC 0.83 25.00 26.60 33.93 BBB+ Baa1 12.18 21.24 BN-T BROOKFIELD CORP 0.76 -6.49 -41.17 27.05 A- A3 45.03 33.23 WCN-T WASTE CONNECTIONS INC 0.69 13.30 14.53 24.81 BBB+ Baa1 35.45 44.18 CP-T CANADIAN PACIFIC KANSAS CITY 0.66 8.63 0.00 11.55 BBB+ N-A 18.00 31.30 DOL-T DOLLARAMA INC 0.27 12.10 28.03 34.15 BBB N-A 7.97 31.41 HBM-T HUDBAY MINERALS INC 0.25 0.00 0.00 13.17 B B1 9.37 26.39 CCO-T CAMECO CORP 0.22 8.45 0.00 47.34 BBB- N-A 14.43 85.41 ATRL-T SNC-LAVALIN GROUP INC 0.16 -41.30 0.00 73.15 BB+ N-A 84.40 32.93 GFL-T GFL ENVIRONMENTAL INC-SUB VT 0.15 N-A 10.00 15.52 B+ B1 42.34 N-A
Source: Bloomberg
Scott Barlow