The highest-yielding stocks on the TSX, plus risk data

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.

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
CJR/B CT Equity	CORUS ENTERTAINMENT INC-B SH	10.00	-26.77	0.00	-52.44	BB	N/A	N/A	4.77
AQN CT Equity	ALGONQUIN POWER & UTILITIES	9.44	8.82	10.75	-38.96	BBB	N/A	165.34	10.11
SPB CT Equity	SUPERIOR PLUS CORP	7.10	0.00	0.00	-23.57	BB-	N/A	N/A	98.71
AP-U CT Equity	ALLIED PROPERTIES REAL ESTAT	6.50	2.66	2.92	-36.06	N/A	Baa2	48.86	28.91
KEY CT Equity	KEYERA CORP	6.42	3.17	0.00	8.06	BBB-	N/A	130.89	12.73
ENB CT Equity	ENBRIDGE INC	6.20	7.35	2.99	16.66	BBB+	Baa1	116.18	18.84
GWO CT Equity	GREAT-WEST LIFECO INC	6.09	6.26	11.87	-10.69	A+	N/A	53.58	1.46
GEI CT Equity	GIBSON ENERGY INC	6.00	2.04	5.04	9.40	BBB-	Ba2	141.43	19.08
POW CT Equity	POWER CORP OF CANADA	5.88	7.38	10.61	-16.12	A+	N/A	42.63	14.10
BNS CT Equity	BANK OF NOVA SCOTIA	5.80	5.89	12.78	-10.84	A+	N/A	46.54	8.37
IGM CT Equity	IGM FINANCIAL INC	5.78	0.00	0.00	-17.01	A	N/A	54.89	10.25
BCE CT Equity	BCE INC	5.76	5.10	5.13	3.42	BBB+	Baa2	117.09	18.76
CAS CT Equity	CASCADES INC	5.72	24.57	20.00	-38.70	BB-	Ba2	N/A	76.63
CRT-U CT Equity	CT REAL ESTATE INVESTMENT TR	5.53	4.04	4.03	-6.75	BBB	N/A	91.62	28.73
TCL/A CT Equity	TRANSCONTINENTAL INC-CL A	5.52	2.77	0.00	-10.93	BBB-	N/A	59.95	11.79
TRP CT Equity	TC ENERGY CORP	5.52	7.91	4.39	11.80	BBB+	Baa2	187.82	14.94
MFC CT Equity	MANULIFE FINANCIAL CORP	5.51	10.81	22.32	3.04	A	N/A	32.98	2.71
PPL CT Equity	PEMBINA PIPELINE CORP	5.50	4.71	0.89	27.29	BBB	N/A	126.23	13.15
LB CT Equity	LAURENTIAN BANK OF CANADA	5.37	-6.27	11.25	-10.34	BBB	N/A	154.91	6.92
EMA CT Equity	EMERA INC	5.35	4.66	3.98	-8.81	BBB	Baa3	128.82	12.82
CPX CT Equity	CAPITAL POWER CORP	5.17	6.96	6.59	18.21	BBB-	N/A	505.52	14.04
CM CT Equity	CAN IMPERIAL BK OF COMMERCE	5.13	5.18	11.99	-9.17	A+	N/A	41.81	8.89
CHP-U CT Equity	CHOICE PROPERTIES REIT	5.13	0.41	0.00	1.23	BBB	N/A	2325.65	7.61
RUS CT Equity	RUSSEL METALS INC	5.12	0.00	0.00	-10.98	BB+	Ba1	22.07	4.51
CIX CT Equity	CI FINANCIAL CORP	5.01	-12.39	0.00	-50.41	BBB-	Baa2	35.78	6.07
CU CT Equity	CANADIAN UTILITIES LTD-A	4.86	4.44	1.00	8.19	BBB+	N/A	144.73	12.99
T CT Equity	TELUS CORP	4.85	6.49	6.15	2.07	BBB	Baa1	103.37	21.37
REI-U CT Equity	RIOCAN REAL ESTATE INVST TR	4.77	-6.55	-3.37	-2.23	BBB	N/A	50.83	15.89
ALA CT Equity	ALTAGAS LTD	4.70	-12.84	6.04	-8.19	BBB-	N/A	122.17	44.65
SLF CT Equity	SUN LIFE FINANCIAL INC	4.65	10.05	19.48	-7.14	A+	N/A	34.41	10.99
CTC/A CT Equity	CANADIAN TIRE CORP-CLASS A	4.59	17.61	24.47	-10.60	BBB	N/A	26.67	8.68
BEP-U CT Equity	BROOKFIELD RENEWABLE PARTNER	4.37	0.06	7.54	-12.03	BBB+	N/A	N/A	N/A
SU CT Equity	SUNCOR ENERGY INC	4.35	7.33	111.90	46.97	BBB	Baa1	37.96	6.90
ACO/X CT Equity	ATCO LTD -CLASS I	4.31	7.66	2.99	6.63	BBB+	N/A	83.22	11.75
CNQ CT Equity	CANADIAN NATURAL RESOURCES	4.23	32.18	136.38	54.18	BBB-	Baa1	30.79	7.85
FTS CT Equity	FORTIS INC	4.23	5.95	5.85	-1.07	A-	Baa3	79.85	19.92
BMO CT Equity	BANK OF MONTREAL	4.20	8.85	28.30	-2.12	A+	N/A	36.56	9.80
CCA CT Equity	COGECO COMMUNICATIONS INC	4.19	10.37	10.13	-24.21	BB+	N/A	30.80	7.71
TD CT Equity	TORONTO-DOMINION BANK	3.91	8.66	12.66	-1.56	AA-	N/A	40.86	11.18
GRT-U CT Equity	GRANITE REAL ESTATE INVESTME	3.89	3.60	3.32	-18.69	N/A	(P)Baa2	14.71	19.78
BIP-U CT Equity	BROOKFIELD INFRASTRUCTURE PA	3.80	4.21	7.97	8.55	BBB+	N/A	108.86	220.55
RY CT Equity	ROYAL BANK OF CANADA	3.80	7.34	14.81	5.48	AA-	N/A	39.02	12.26
NA CT Equity	NATIONAL BANK OF CANADA	3.72	9.44	26.06	-1.01	A	N/A	31.36	10.12
IAG CT Equity	IA FINANCIAL CORP INC	3.65	12.70	25.00	5.95	A	N/A	26.99	3.06
ABX CT Equity	BARRICK GOLD CORP	3.64	45.52	17.43	-6.66	BBB+	Baa1	32.55	18.24
RCI/B CT Equity	ROGERS COMMUNICATIONS INC-B	3.33	0.82	0.00	4.10	BBB+ *-	Baa1 *-	64.83	16.38
OTEX CT Equity	OPEN TEXT CORP	3.26	12.23	12.40	-35.72	BB+	Ba2	60.36	37.79
QSR CT Equity	RESTAURANT BRANDS INTERN	3.24	23.46	4.53	23.04	BB	N/A	78.42	24.60
SJR/B CT Equity	SHAW COMMUNICATIONS INC-B	3.23	0.00	0.00	3.02	BBB-	Baa2 *-	61.07	21.62
AEM CT Equity	AGNICO EAGLE MINES LTD	3.16	30.44	12.57	6.50	NR	Baa2	62.61	30.50
H CT Equity	HYDRO ONE LTD	3.08	4.89	5.00	21.08	A-	N/A	65.18	21.09
GSY CT Equity	GOEASY LTD	2.97	38.51	39.51	-32.95	BB-	Ba3	24.90	12.72
MG CT Equity	MAGNA INTERNATIONAL INC	2.94	10.21	8.49	-19.98	A-	A3	33.95	12.92
FTT CT Equity	FINNING INTERNATIONAL INC	2.91	4.60	8.49	-3.63	BBB+	N/A	38.94	10.97
K CT Equity	KINROSS GOLD CORP	2.80	N/A	1.87	-25.16	BBB-	Baa3	0.00	24.68
NTR CT Equity	NUTRIEN LTD	2.35	N/A	6.49	25.42	BBB	Baa2	33.24	6.18
IMO CT Equity	IMPERIAL OIL LTD	2.30	15.78	31.63	75.54	AA-	N/A	29.41	8.14
YRI CT Equity	YAMANA GOLD INC	2.24	42.74	13.13	42.70	BBB-	Baa3	71.05	19.81
EFN CT Equity	ELEMENT FLEET MANAGEMENT COR	2.11	4.40	19.23	49.58	BBB	N/A	35.21	20.84
SAP CT Equity	SAPUTO INC	2.09	3.37	2.13	17.44	N/A	Baa1	109.01	27.75
IFC CT Equity	INTACT FINANCIAL CORP	2.05	9.36	17.77	21.20	N/A	Baa1	27.42	14.29
RBA CT Equity	RITCHIE BROS AUCTIONEERS	2.00	8.46	14.45	-17.17	BB+	Ba2 *-	70.46	32.23
TA CT Equity	TRANSALTA CORP	1.75	4.56	12.68	-3.08	BB+	Ba1	N/A	38.73
MX CT Equity	METHANEX CORP	1.74	-13.16	147.32	-2.92	BB	Ba1	5.11	6.28
CNR CT Equity	CANADIAN NATL RAILWAY CO	1.73	11.77	16.22	4.07	A	A2	35.63	23.91
FFH CT Equity	FAIRFAX FINANCIAL HLDGS LTD	1.64	-0.88	-1.30	32.97	BBB	Baa3	7.73	20.58
CVE CT Equity	CENOVUS ENERGY INC	1.56	14.52	650.48	65.95	BBB-	Baa2	29.98	10.13
TRI CT Equity	THOMSON REUTERS CORP	1.53	3.02	13.87	2.22	BBB	Baa2	14.06	76.83
CCL/B CT Equity	CCL INDUSTRIES INC - CL B	1.50	15.88	14.81	0.54	BBB	Baa2	25.20	18.71
WFG CT Equity	WEST FRASER TIMBER CO LTD	1.46	33.59	51.28	2.02	BBB-	Baa3	2.88	3.50
MRU CT Equity	METRO INC/CN	1.42	11.10	10.00	25.43	BBB	N/A	31.19	21.17
L CT Equity	LOBLAW COMPANIES LTD	1.38	7.76	12.41	21.91	BBB	N/A	25.34	18.67
BAM/A CT Equity	BROOKFIELD ASSET MANAGE-CL A	1.21	7.96	10.21	-17.13	A-	Baa1	22.69	71.50
TECK/B CT Equity	TECK RESOURCES LTD-CLS B	1.10	35.84	362.50	36.87	BBB-	Baa3	3.71	4.67
FM CT Equity	FIRST QUANTUM MINERALS LTD	1.03	75.18	N/A	9.57	B+	N/A	0.83	12.39
ATD/B CT Equity	ALIMENTATION COUCHE-TARD -B	0.89	-9.38	-68.57	N/A	BBB	Baa2	16.52	N/A
WCN CT Equity	WASTE CONNECTIONS INC	0.71	13.30	16.23	10.01	BBB+	Baa2	35.63	42.75
CP CT Equity	CANADIAN PACIFIC RAILWAY LTD	0.71	12.33	0.00	14.34	BBB+	N/A	18.11	29.87
CCO CT Equity	CAMECO CORP	0.37	-27.52	0.00	1.22	BBB-	N/A	N/A	111.83
SNC CT Equity	SNC-LAVALIN GROUP INC	0.32	-40.71	0.00	-24.92	BB+	N/A	14.02	34.87
DOL CT Equity	DOLLARAMA INC	0.28	8.57	9.25	40.32	BBB	N/A	9.16	32.23
HBM CT Equity	HUDBAY MINERALS INC	0.27	0.00	0.00	-17.93	B	B1	N/A	8.51
GFL CT Equity	GFL ENVIRONMENTAL INC-SUB VT	0.17	N/A	13.37	-23.62	B+	B1	N/A	N/A

SOURCE: BLOOMBERG

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