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 SPB-T SUPERIOR PLUS CORP 6.92 0.00 0.00 -14.91 BB- N-A N-A 36.58 ENB-T ENBRIDGE INC 6.73 6.75 3.05 6.45 BBB+ Baa1 269.06 14.69 TRP-T TC ENERGY CORP 6.52 7.57 3.45 -9.24 BBB+ Baa2 560.84 8.72 BCE-T BCE INC 6.35 5.10 5.14 -3.24 BBB+ Baa2 123.50 18.22 AP-UN-T ALLIED PROPERTIES REAL ESTAT 6.28 2.70 2.89 -30.27 N-A Baa2 142.41 37.23 GEI-T GIBSON ENERGY INC 6.22 2.31 5.71 3.81 BBB- N-A 141.43 18.42 KEY-T KEYERA CORP 6.16 2.98 0.00 9.25 BBB- N-A 129.66 15.67 TCL-A-T TRANSCONTINENTAL INC-CL A 6.03 2.38 0.00 -22.33 N-A N-A 55.33 9.83 GWO-T GREAT-WEST LIFECO INC 5.76 5.95 8.65 -2.45 A+ N-A 56.73 1.61 PPL-T PEMBINA PIPELINE CORP 5.61 4.36 1.19 15.60 BBB N-A 126.23 12.89 BNS-T BANK OF NOVA SCOTIA 5.61 5.70 10.54 -15.55 A+ N-A 50.41 8.69 AQN-T ALGONQUIN POWER & UTILITIES 5.60 9.35 11.30 -37.21 BBB N-A 165.34 10.25 POW-T POWER CORP OF CANADA 5.52 7.02 7.76 -7.00 A+ N-A 42.63 15.02 CM-T CAN IMPERIAL BK OF COMMERCE 5.46 5.22 10.68 -18.42 A+ N-A 48.83 9.16 MFC-T MANULIFE FINANCIAL CORP 5.38 9.99 12.82 6.23 A N-A 35.73 2.61 CRT-UN-T CT REAL ESTATE INVESTMENT TR 5.37 4.02 3.76 -0.80 BBB N-A 91.62 25.66 CPX-T CAPITAL POWER CORP 5.37 6.90 6.37 14.07 BBB- N-A 505.52 13.52 IGM-T IGM FINANCIAL INC 5.28 0.00 0.00 -0.37 A N-A 61.87 11.75 LB-T LAURENTIAN BANK OF CANADA 5.22 -6.21 9.76 -14.24 BBB N-A 35.90 6.91 T-T TELUS CORP 5.15 6.60 6.66 -10.58 BBB Baa1 117.19 20.34 EMA-T EMERA INC 5.10 4.46 4.04 -3.31 BBB Baa3 128.82 13.44 CHP-UN-T CHOICE PROPERTIES REIT 5.06 0.20 0.00 6.75 BBB N-A N-A 12.33 CU-T CANADIAN UTILITIES LTD-A 4.94 3.97 1.00 8.52 BBB+ N-A N-A N-A BEP-UN-T BROOKFIELD RENEWABLE PARTNER 4.90 0.60 9.78 -11.25 BBB+ N-A N-A N-A REI-UN-T RIOCAN REAL ESTATE INVST TR 4.87 -6.30 6.25 -6.15 BBB N-A 131.00 16.45 POU-T PARAMOUNT RESOURCES LTD -A 4.85 N-A 370.83 31.70 B+ Ba3 11.28 11.68 FCR-UN-T FIRST CAPITAL REAL ESTATE IN 4.83 -6.58 41.67 -1.34 BBB- N-A N-A N-A SES-T SECURE ENERGY SERVICES INC 4.83 N-A 308.33 39.32 B B1 N-A 13.22 ALA-T ALTAGAS LTD 4.60 -12.97 6.04 -8.79 BBB- N-A 122.17 48.26 SU-T SUNCOR ENERGY INC 4.55 7.99 79.05 26.56 BBB N-A 37.96 5.58 INE-T INNERGEX RENEWABLE ENERGY 4.53 1.76 0.00 -6.06 NR N-A N-A N-A BIP-UN-T BROOKFIELD INFRASTRUCTURE PA 4.46 4.49 10.30 -5.13 BBB+ N-A 693.95 401.82 CIX-T CI FINANCIAL CORP 4.44 -12.48 0.00 -24.06 BBB- Baa2 35.78 6.86 ACO-X-T ATCO LTD -CLASS I 4.42 7.11 2.99 7.18 BBB+ N-A 83.22 11.80 CNQ-T CANADIAN NATURAL RESOURCES 4.32 33.13 130.29 22.30 BBB- N-A 30.79 7.69 CCA-T COGECO COMMUNICATIONS INC 4.27 10.35 10.11 -28.10 BB+ N-A 30.80 7.61 PKI-T PARKLAND CORP 4.27 2.43 5.43 -7.28 BB N-A 195.88 6.26 BMO-T BANK OF MONTREAL 4.23 8.94 22.84 -4.09 A+ N-A 27.31 10.21 SLF-T SUN LIFE FINANCIAL INC 4.22 9.60 19.48 4.38 A+ N-A 52.85 11.85 TD-T TORONTO-DOMINION BANK 4.14 8.63 11.35 -9.39 AA- N-A 37.52 10.54 RUS-T RUSSEL METALS INC 4.14 0.00 0.00 16.59 BB+ N-A 25.71 6.25 FTS-T FORTIS INC 4.11 5.92 5.77 -1.29 A- N-A 79.32 19.49 CTC-A-T CANADIAN TIRE CORP-CLASS A 3.99 17.10 30.05 -4.69 BBB N-A 26.67 9.16 NA-T NATIONAL BANK OF CANADA 3.86 9.67 22.67 4.03 A N-A 36.83 10.44 RY-T ROYAL BANK OF CANADA 3.81 7.37 14.41 1.88 N-A N-A 44.68 12.60 GRT-UN-T GRANITE REAL ESTATE INVESTME 3.81 3.50 3.31 -4.62 N-A N-A 14.71 20.87 NPI-T NORTHLAND POWER INC 3.60 1.76 0.00 -7.86 BBB N-A 147.81 18.58 TVE-T TAMARACK VALLEY ENERGY LTD 3.45 N-A N-A -8.91 B N-A 0.00 6.14 QSR-T RESTAURANT BRANDS INTERN 3.32 22.84 5.60 28.27 BB N-A 65.79 29.49 MG-T MAGNA INTERNATIONAL INC 3.27 10.21 8.49 -21.41 A- N-A 88.30 13.73 AEM-T AGNICO EAGLE MINES LTD 3.25 31.25 18.31 -3.97 NR N-A 62.61 26.48 H-T HYDRO ONE LTD 3.13 N-A N-A 17.26 A- N-A 63.05 20.30 K-T KINROSS GOLD CORP 3.06 N-A 3.72 -26.27 BBB- Baa3 0.00 N-A RCI-B-T ROGERS COMMUNICATIONS INC-B 3.05 0.82 0.00 0.68 BBB+ *- N-A 60.06 17.70 SJR-B-T SHAW COMMUNICATIONS INC-B 3.02 0.00 0.00 8.49 BBB- Baa2 *- 83.85 26.34 IAG-T IA FINANCIAL CORP INC 3.01 12.70 25.00 15.35 A N-A 33.90 2.44 GSY-T GOEASY LTD 2.88 N-A 37.88 -8.21 BB- Ba3 44.60 14.27 OTEX-T OPEN TEXT CORP 2.76 12.50 13.83 -11.20 BB+ Ba2 60.36 24.47 NTR-T NUTRIEN LTD 2.73 N-A 8.55 9.43 BBB N-A 13.85 5.96 FTT-T FINNING INTERNATIONAL INC 2.62 4.60 8.49 -4.30 BBB+ N-A 29.04 11.01 IMO-T IMPERIAL OIL LTD 2.54 18.30 41.75 26.14 AA- N-A 12.70 6.24 ABX-T BARRICK GOLD CORP 2.37 N-A -13.14 -19.90 BBB+ A3 266.47 28.15 YRI-T YAMANA GOLD INC 2.21 43.70 10.90 22.98 BBB- Baa3 71.05 20.14 IFC-T INTACT FINANCIAL CORP 2.19 9.34 17.65 11.62 N-A Baa1 29.71 13.39 EFN-T ELEMENT FLEET MANAGEMENT COR 2.06 2.08 22.02 57.92 BBB N-A 35.21 21.30 CNR-T CANADIAN NATL RAILWAY CO 2.00 12.17 19.11 0.42 N-A A2 39.30 21.15 SAP-T SAPUTO INC 1.98 3.04 1.41 20.41 N-A Baa1 109.01 25.26 TA-T TRANSALTA CORP 1.81 5.08 10.81 -6.12 BB+ Ba1 N-A 37.47 RBA-T RITCHIE BROS AUCTIONEERS 1.72 9.76 14.76 17.69 BB+ Ba2 *- N-A 37.10 VET-T VERMILION ENERGY INC 1.69 -35.86 N-A -14.16 B+ B1 0.00 1.56 MRU-T METRO INC/CN 1.69 11.05 10.00 7.89 BBB N-A 31.19 19.00 CVE-T CENOVUS ENERGY INC 1.69 18.33 N-A 25.55 BBB- Baa2 29.98 9.80 TRI-T THOMSON REUTERS CORP 1.59 3.02 13.87 32.51 BBB Baa2 60.69 51.65 CCL-B-T CCL INDUSTRIES INC - CL B 1.58 15.85 14.29 -3.36 BBB Baa2 25.20 17.75 FFH-T FAIRFAX FINANCIAL HLDGS LTD 1.55 1.67 7.92 36.26 BBB Baa3 7.73 14.62 WFG-T WEST FRASER TIMBER CO LTD 1.48 33.24 58.13 -10.21 BBB- Baa3 5.22 4.10 MX-T METHANEX CORP 1.41 -11.63 99.23 9.34 BB N-A 3.43 11.09 L-T LOBLAW COMPANIES LTD 1.37 8.11 12.86 21.48 BBB N-A 25.34 18.88 FM-T FIRST QUANTUM MINERALS LTD 0.97 75.18 N-A -21.66 B+ *- N-A 11.02 11.87 ATD-T ALIMENTATION COUCHE-TARD INC 0.86 21.16 26.17 28.70 BBB Baa2 16.52 17.57 TECK-B-T TECK RESOURCES LTD-CLS B 0.85 10.76 400.00 31.84 BBB- Baa3 3.71 6.05 BN-T BROOKFIELD CORP 0.78 8.52 12.22 -12.81 A- A3 5.76 23.91 WCN-T WASTE CONNECTIONS INC 0.75 13.30 16.23 20.63 BBB+ Baa2 29.08 40.13 CP-T CANADIAN PACIFIC RAILWAY LTD 0.72 11.68 0.00 14.02 BBB+ N-A 20.10 29.88 CCO-T CAMECO CORP 0.31 -21.40 50.00 45.39 BBB- N-A 58.06 111.68 HBM-T HUDBAY MINERALS INC 0.29 0.00 0.00 -31.33 B B1 N-A 7.80 DOL-T DOLLARAMA INC 0.28 8.57 9.94 23.85 BBB N-A 9.16 30.67 SNC-T SNC-LAVALIN GROUP INC 0.28 -40.71 0.00 -0.49 BB+ N-A 14.02 40.37 GFL-T GFL ENVIRONMENTAL INC-SUB VT 0.15 N-A 15.50 15.22 B+ B1 N-A N-A
Source: Bloomberg
Scott Barlow