The table below ranks all S&P/TSX 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.
Notes on data: The dividend yield quoted is based on annualizing the most recent payment. Payout ratio may be different than elsewhere quoted owing to differences in time frame used or method of calculation for after-tax income.
Data is as of market close Thursday.
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 CJR-B-T CORUS ENTERTAINMENT INC-B SH 9.84 -26.77 0.00 -54.85 BB N-A 28.98 3.53 SPB-T SUPERIOR PLUS CORP 7.04 0.00 0.00 -24.19 BB- N-A N-A 30.90 ENB-T ENBRIDGE INC 6.36 7.92 3.02 13.54 BBB+ Baa1 116.18 19.14 GWO-T GREAT-WEST LIFECO INC 6.34 6.26 11.87 -14.97 A+ N-A 53.58 1.67 KEY-T KEYERA CORP 6.34 3.36 0.00 0.30 BBB- N-A 130.89 13.27 IGM-T IGM FINANCIAL INC 6.28 0.00 0.00 -18.64 A N-A 54.89 8.92 AP-UN-T ALLIED PROPERTIES REAL ESTAT 6.16 2.63 2.95 -27.92 N-A Baa2 48.86 36.08 GEI-T GIBSON ENERGY INC 6.07 1.76 4.35 11.50 BBB- Ba2 141.43 23.35 MFC-T MANULIFE FINANCIAL CORP 5.98 10.53 17.86 -4.72 A N-A 32.98 2.47 POW-T POWER CORP OF CANADA 5.94 6.86 7.96 -16.86 A+ N-A 42.63 11.18 BCE-T BCE INC 5.90 5.10 5.13 1.61 BBB+ Baa2 117.09 17.88 BNS-T BANK OF NOVA SCOTIA 5.90 5.55 9.17 -6.16 A+ N-A 46.54 8.23 PPL-T PEMBINA PIPELINE CORP 5.77 5.00 0.30 20.37 BBB N-A 126.23 15.01 TRP-T TC ENERGY CORP 5.76 8.26 5.36 6.00 BBB+ Baa2 187.82 14.76 AQN-T ALGONQUIN POWER & UTILITIES 5.70 8.28 8.25 -6.93 BBB N-A 165.34 25.27 RUS-T RUSSEL METALS INC 5.67 0.00 0.00 -11.78 BB+ Ba1 22.07 3.70 LB-T LAURENTIAN BANK OF CANADA 5.66 -6.65 8.12 -18.54 BBB N-A 154.91 6.57 CAS-T CASCADES INC 5.64 24.57 33.33 -44.40 BB- Ba2 N-A N-A CHP-UN-T CHOICE PROPERTIES REIT 5.58 0.55 0.00 -6.40 BBB N-A 2325.65 15.36 TCL-A-T TRANSCONTINENTAL INC-CL A 5.53 3.17 0.00 -17.06 BBB- N-A 59.95 11.76 CRT-UN-T CT REAL ESTATE INVESTMENT TR 5.53 4.02 4.21 -7.36 BBB N-A 91.62 29.08 CM-T CAN IMPERIAL BK OF COMMERCE 5.34 4.91 8.56 -10.92 A+ N-A 41.81 8.55 REI-UN-T RIOCAN REAL ESTATE INVST TR 5.33 -6.73 -11.16 -10.72 BBB N-A 50.83 14.56 ABX-T BARRICK GOLD CORP 5.15 45.52 17.43 -8.02 BBB+ Baa1 32.55 13.98 CIX-T CI FINANCIAL CORP 5.05 -12.33 0.00 -43.27 BBB- Baa2 35.78 6.11 SLF-T SUN LIFE FINANCIAL INC 4.90 9.57 22.73 -8.08 A+ N-A 34.41 8.89 T-T TELUS CORP 4.70 6.49 6.15 4.79 BBB+ Baa1 103.37 23.92 SU-T SUNCOR ENERGY INC 4.62 7.33 111.90 67.06 BBB Baa1 37.96 6.72 CPX-T CAPITAL POWER CORP 4.49 7.02 6.83 23.80 BBB- N-A 505.52 21.19 BMO-T BANK OF MONTREAL 4.48 7.74 20.52 0.32 A+ N-A 36.56 9.19 CU-T CANADIAN UTILITIES LTD-A 4.44 4.87 1.00 21.90 BBB+ N-A 144.73 14.79 GRT-UN-T GRANITE REAL ESTATE INVESTME 4.39 3.72 3.32 -20.82 N-A (P)Baa2 14.71 39.31 EMA-T EMERA INC 4.39 4.86 3.92 8.49 BBB Baa3 128.82 15.33 CNQ-T CANADIAN NATURAL RESOURCES 4.38 32.18 136.38 64.51 BBB- Baa1 30.79 7.40 CTC-A-T CANADIAN TIRE CORP-CLASS A 4.23 16.42 15.82 -17.38 BBB N-A 26.67 8.50 NA-T NATIONAL BANK OF CANADA 4.15 9.44 26.06 -3.89 A N-A 31.36 9.06 TD-T TORONTO-DOMINION BANK 4.13 8.51 9.49 7.65 AA- N-A 40.86 10.60 RY-T ROYAL BANK OF CANADA 4.10 6.96 10.19 1.09 AA- N-A 39.02 11.37 ACO-X-T ATCO LTD -CLASS I 4.02 7.66 2.99 17.62 BBB+ N-A 83.22 13.15 AEM-T AGNICO EAGLE MINES LTD 3.89 30.44 12.57 -11.55 NR Baa2 62.61 23.78 FTS-T FORTIS INC 3.80 5.99 5.94 2.11 A- Baa3 79.85 21.61 IAG-T IA FINANCIAL CORP INC 3.80 13.23 31.44 4.75 A N-A 26.99 2.72 QSR-T RESTAURANT BRANDS INTERN 3.79 23.46 4.53 -0.61 BB N-A 78.42 17.70 CCA-T COGECO COMMUNICATIONS INC 3.74 10.39 10.16 -31.80 BB+ N-A 30.22 8.15 FTT-T FINNING INTERNATIONAL INC 3.73 4.57 9.76 -18.07 BBB+ N-A 38.94 9.76 ALA-T ALTAGAS LTD 3.68 -12.78 7.10 18.65 BBB- N-A 122.17 41.01 RCI-B-T ROGERS COMMUNICATIONS INC-B 3.58 0.82 0.00 -2.97 BBB+ *- Baa1 *- 64.83 14.49 BEP-UN-T BROOKFIELD RENEWABLE PARTNER 3.52 0.06 7.54 0.76 BBB+ N-A N-A N-A SJR-B-T SHAW COMMUNICATIONS INC-B 3.51 0.00 200.00 -4.83 BBB- Baa2 *- 61.07 19.92 OTEX-T OPEN TEXT CORP 3.46 12.23 12.40 -42.04 BB+ Ba1 *- 60.36 16.53 BIP-UN-T BROOKFIELD INFRASTRUCTURE PA 3.42 4.21 7.97 20.98 BBB+ N-A 108.86 49.58 GSY-T GOEASY LTD 3.26 38.78 29.22 -46.62 BB- Ba3 24.90 10.71 MG-T MAGNA INTERNATIONAL INC 3.24 9.85 6.73 -26.37 A- A3 33.95 11.68 K-T KINROSS GOLD CORP 3.24 N-A 1.87 -27.00 BBB- Baa3 0.00 24.04 H-T HYDRO ONE LTD 3.18 4.89 5.00 17.76 A- N-A 65.18 20.55 YRI-T YAMANA GOLD INC 2.79 41.88 24.32 17.90 BBB- Baa3 71.05 16.29 IMO-T IMPERIAL OIL LTD 2.24 15.78 31.63 65.40 AA- N-A 29.41 7.81 MX-T METHANEX CORP 2.20 -13.16 147.32 -24.63 BB Ba1 5.11 4.82 NTR-T NUTRIEN LTD 2.18 N-A 2.58 49.05 BBB Baa2 33.24 7.34 SAP-T SAPUTO INC 2.17 3.37 2.13 5.06 N-A Baa1 109.01 30.69 IFC-T INTACT FINANCIAL CORP 2.01 9.36 17.77 18.64 N-A Baa1 27.42 14.62 FFH-T FAIRFAX FINANCIAL HLDGS LTD 1.98 -0.88 -1.30 22.23 BBB Baa3 7.73 26.08 EFN-T ELEMENT FLEET MANAGEMENT COR 1.91 8.27 23.96 27.98 BBB N-A 35.21 19.11 CNR-T CANADIAN NATL RAILWAY CO 1.91 11.77 16.22 6.29 A A2 35.63 23.64 CVE-T CENOVUS ENERGY INC 1.82 6.96 433.33 92.38 BBB- N-A 29.98 9.46 RBA-T RITCHIE BROS AUCTIONEERS 1.64 7.74 13.75 9.38 BB+ Ba2 70.46 38.85 TRI-T THOMSON REUTERS CORP 1.62 2.08 10.61 0.20 BBB Baa2 14.06 303.73 WFG-T WEST FRASER TIMBER CO LTD 1.59 37.21 51.28 -0.05 BBB- Baa3 2.88 2.97 TA-T TRANSALTA CORP 1.57 4.56 12.68 -0.42 BB+ Ba1 N-A N-A MRU-T METRO INC/CN 1.56 11.37 10.26 19.22 BBB N-A 29.91 19.79 CCL-B-T CCL INDUSTRIES INC - CL B 1.47 15.88 14.81 -4.46 BBB Baa2 25.20 19.32 L-T LOBLAW COMPANIES LTD 1.44 7.76 12.41 33.95 BBB N-A 25.34 19.18 FM-T FIRST QUANTUM MINERALS LTD 1.39 75.18 N-A 1.07 B+ N-A 0.83 8.01 BAM-A-T BROOKFIELD ASSET MANAGE-CL A 1.19 7.96 10.21 -12.65 A- Baa1 22.69 205.11 TECK-B-T TECK RESOURCES LTD-CLS B 1.18 35.84 362.50 37.86 BBB- Baa3 3.71 4.24 ATD-B-T ALIMENTATION COUCHE-TARD -B 0.89 1.87 -43.57 N-A BBB Baa2 16.52 N-A CP-T CANADIAN PACIFIC RAILWAY LTD 0.79 13.00 0.00 16.41 BBB+ N-A 18.11 27.38 WCN-T WASTE CONNECTIONS INC 0.62 12.95 13.51 15.01 BBB+ Baa2 35.63 45.04 HBM-T HUDBAY MINERALS INC 0.36 0.00 0.00 -24.69 B B1 N-A 35.90 SNC-T SNC-LAVALIN GROUP INC 0.34 -40.57 0.00 -34.80 BB+ N-A 14.02 38.42 CCO-T CAMECO CORP 0.33 -27.52 0.00 35.47 BBB- N-A N-A 293.99 DOL-T DOLLARAMA INC 0.29 8.57 10.23 32.84 BBB N-A 9.16 30.77 GFL-T GFL ENVIRONMENTAL INC-SUB VT 0.17 N-A 8.68 -23.59 B+ B1 N-A N-A
Source: Bloomberg
Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. Sign up today .
Scott Barlow