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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.

Indicated Dividend Yield5Y Dividend Growth1Y Dividend Growth1Y Total ReturnS&P LT Credit RatingMoody's LT Credit RatingPayout RatioPE Ratio
CJR/B CT EquityCORUS ENTERTAINMENT INC-B SH9.88-26.770.00-54.95BBN/A28.983.51
SPB CT EquitySUPERIOR PLUS CORP7.130.000.00-21.12BB-N/AN/A30.51
ENB CT EquityENBRIDGE INC6.737.923.026.42BBB+Baa1116.1818.12
KEY CT EquityKEYERA CORP6.693.360.00-3.83BBB-N/A130.8912.58
GEI CT EquityGIBSON ENERGY INC6.682.045.041.61BBB-Ba2141.4321.21
AQN CT EquityALGONQUIN POWER & UTILITIES6.628.8210.75-14.28BBBN/A165.3421.63
TRP CT EquityTC ENERGY CORP6.437.914.39-4.03BBB+Baa2187.8213.21
AP-U CT EquityALLIED PROPERTIES REAL ESTAT6.402.642.93-29.89N/ABaa248.8634.72
GWO CT EquityGREAT-WEST LIFECO INC6.376.2611.87-16.15A+N/A53.581.67
BCE CT EquityBCE INC6.315.105.13-2.88BBB+Baa2117.0916.72
BNS CT EquityBANK OF NOVA SCOTIA6.315.8912.78-11.48A+N/A46.547.70
IGM CT EquityIGM FINANCIAL INC6.280.000.00-16.13AN/A54.898.91
POW CT EquityPOWER CORP OF CANADA6.167.3810.61-20.01A+N/A42.6310.79
LB CT EquityLAURENTIAN BANK OF CANADA6.08-6.2711.25-23.28BBBN/A154.916.11
PPL CT EquityPEMBINA PIPELINE CORP6.005.000.3014.09BBBN/A126.2314.43
CHP-U CT EquityCHOICE PROPERTIES REIT5.960.480.00-10.85BBBN/A2325.6514.38
RUS CT EquityRUSSEL METALS INC5.930.000.00-16.52BB+Ba122.073.54
MFC CT EquityMANULIFE FINANCIAL CORP5.9210.5317.86-3.55AN/A32.982.49
CRT-U CT EquityCT REAL ESTATE INVESTMENT TR5.914.034.12-11.00BBBN/A91.6227.22
CAS CT EquityCASCADES INC5.6324.5733.33-43.46BB-Ba2N/AN/A
CM CT EquityCAN IMPERIAL BK OF COMMERCE5.565.1811.99-13.71A+N/A41.818.20
TCL/A CT EquityTRANSCONTINENTAL INC-CL A5.502.770.00-12.52BBB-N/A59.9511.82
REI-U CT EquityRIOCAN REAL ESTATE INVST TR5.42-6.64-7.41-10.81BBBN/A50.8314.33
CIX CT EquityCI FINANCIAL CORP5.42-12.360.00-46.21BBB-Baa235.785.69
CPX CT EquityCAPITAL POWER CORP5.216.966.5910.93BBB-N/A505.5218.29
CU CT EquityCANADIAN UTILITIES LTD-A5.134.871.003.88BBB+N/A144.7312.80
EMA CT EquityEMERA INC4.944.863.92-3.86BBBBaa3128.8213.60
T CT EquityTELUS CORP4.926.496.153.90BBB+Baa1103.3722.85
SLF CT EquitySUN LIFE FINANCIAL INC4.919.5722.73-14.11A+N/A34.418.89
GRT-U CT EquityGRANITE REAL ESTATE INVESTME4.743.663.32-26.87N/A(P)Baa214.7136.43
ABX CT EquityBARRICK GOLD CORP4.7245.5217.43-0.98BBB+Baa132.5515.01
BMO CT EquityBANK OF MONTREAL4.597.7420.52-3.18A+N/A36.568.97
ACO/X CT EquityATCO LTD -CLASS I4.517.662.992.93BBB+N/A83.2211.72
FTS CT EquityFORTIS INC4.445.995.94-6.33A-Baa379.8519.57
CTC/A CT EquityCANADIAN TIRE CORP-CLASS A4.3016.4215.82-14.38BBBN/A26.678.37
TD CT EquityTORONTO-DOMINION BANK4.278.6612.661.59AA-N/A40.8610.26
NA CT EquityNATIONAL BANK OF CANADA4.209.4426.06-8.84AN/A31.368.96
SU CT EquitySUNCOR ENERGY INC4.177.33111.9068.48BBBBaa137.967.45
RY CT EquityROYAL BANK OF CANADA4.116.9610.190.97AA-N/A39.0211.33
CNQ CT EquityCANADIAN NATURAL RESOURCES4.0432.18136.3861.84BBB-Baa130.798.02
ALA CT EquityALTAGAS LTD4.04-12.786.758.46BBB-N/A122.1737.42
CCA CT EquityCOGECO COMMUNICATIONS INC3.9710.3910.16-35.27BB+N/A30.227.69
QSR CT EquityRESTAURANT BRANDS INTERN3.9123.464.53-1.20BBN/A78.4216.86
RCI/B CT EquityROGERS COMMUNICATIONS INC-B3.870.820.00-9.53BBB+ *-Baa1 *-64.8313.41
BIP-U CT EquityBROOKFIELD INFRASTRUCTURE PA3.874.217.976.84BBB+N/A108.8643.15
FTT CT EquityFINNING INTERNATIONAL INC3.684.579.76-18.21BBB+N/A38.949.89
IAG CT EquityIA FINANCIAL CORP INC3.6013.2331.447.96AN/A26.992.87
AEM CT EquityAGNICO EAGLE MINES LTD3.5430.4412.57-4.94N/ABaa262.6126.18
SJR/B CT EquitySHAW COMMUNICATIONS INC-B3.480.00200.00-4.91BBB-Baa2 *-61.0720.05
OTEX CT EquityOPEN TEXT CORP3.4212.2312.40-38.04BB+Ba1 *-60.3616.44
H CT EquityHYDRO ONE LTD3.414.895.0012.31A-N/A65.1819.15
GSY CT EquityGOEASY LTD3.3038.5139.51-40.95BB-Ba324.9010.59
MG CT EquityMAGNA INTERNATIONAL INC3.289.856.73-30.17A-A333.9511.37
K CT EquityKINROSS GOLD CORP2.89N/A1.87-22.27BBB-Baa30.0026.57
YRI CT EquityYAMANA GOLD INC2.3842.7413.1337.92BBB-Baa371.0518.98
SAP CT EquitySAPUTO INC2.383.372.13-2.56N/ABaa1109.0127.97
NTR CT EquityNUTRIEN LTD2.23N/A6.4937.93BBBBaa233.247.14
IMO CT EquityIMPERIAL OIL LTD2.0615.7831.6361.33AA-N/A29.418.46
IFC CT EquityINTACT FINANCIAL CORP2.019.3617.7722.33N/ABaa127.4214.62
MX CT EquityMETHANEX CORP1.95-13.16147.32-22.92BBBa15.115.36
FFH CT EquityFAIRFAX FINANCIAL HLDGS LTD1.91-0.88-1.3029.65BBBBaa37.7326.60
CNR CT EquityCANADIAN NATL RAILWAY CO1.9011.7716.227.11AA235.6323.76
EFN CT EquityELEMENT FLEET MANAGEMENT COR1.834.4019.2332.85BBBN/A35.2119.92
TA CT EquityTRANSALTA CORP1.714.5612.68-14.49BB+Ba1N/AN/A
RBA CT EquityRITCHIE BROS AUCTIONEERS1.657.7413.756.70BB+Ba270.4638.01
CVE CT EquityCENOVUS ENERGY INC1.646.96433.3389.16BBB-N/A29.9810.49
WFG CT EquityWEST FRASER TIMBER CO LTD1.6433.5951.28-7.70BBB-Baa32.882.83
MRU CT EquityMETRO INC/CN1.6211.3710.2611.77BBBN/A29.9119.16
TRI CT EquityTHOMSON REUTERS CORP1.602.0810.612.65BBBBaa214.06303.11
L CT EquityLOBLAW COMPANIES LTD1.527.7612.4119.20BBBN/A25.3418.18
CCL/B CT EquityCCL INDUSTRIES INC - CL B1.4915.8814.810.28BBBBaa225.2019.03
FM CT EquityFIRST QUANTUM MINERALS LTD1.3475.18N/A-4.25B+N/A0.838.20
BAM/A CT EquityBROOKFIELD ASSET MANAGE-CL A1.277.9610.21-16.49A-Baa122.69189.82
TECK/B CT EquityTECK RESOURCES LTD-CLS B1.1335.84362.5038.52BBB-Baa33.714.44
CP CT EquityCANADIAN PACIFIC RAILWAY LTD0.7912.330.0012.93BBB+N/A18.1127.35
WCN CT EquityWASTE CONNECTIONS INC0.6412.9513.5116.25BBB+Baa235.6343.12
SNC CT EquitySNC-LAVALIN GROUP INC0.34-40.570.00-29.30BB+N/A14.0238.00
HBM CT EquityHUDBAY MINERALS INC0.340.000.00-26.54BB1N/A37.08
CCO CT EquityCAMECO CORP0.33-27.520.0031.60BBB-N/AN/A297.78
DOL CT EquityDOLLARAMA INC0.278.579.2548.49BBBN/A9.1632.79


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

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