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 ENB-T ENBRIDGE INC 6.93 6.75 3.05 2.78 BBB+ Baa1 269.06 14.29 TRP-T TC ENERGY CORP 6.70 7.57 3.45 -10.74 BBB+ Baa2 560.84 8.48 GEI-T GIBSON ENERGY INC 6.64 2.31 5.71 6.98 BBB- Ba2 141.43 16.29 SPB-T SUPERIOR PLUS CORP 6.52 0.00 0.00 5.16 BB- N-A N-A 56.10 BCE-T BCE INC 6.36 5.10 5.14 -3.47 BBB+ Baa2 123.50 18.18 AP-UN-T ALLIED PROPERTIES REAL ESTAT 6.36 2.70 2.89 -31.49 N-A Baa2 *- 142.41 36.79 KEY-T KEYERA CORP 6.34 2.89 0.00 12.16 BBB- N-A 129.66 15.24 TCL-A-T TRANSCONTINENTAL INC-CL A 5.87 2.38 0.00 -17.74 BBB- N-A 55.33 10.10 BNS-T BANK OF NOVA SCOTIA 5.78 5.70 10.54 -15.06 A+ N-A 50.41 8.44 PPL-T PEMBINA PIPELINE CORP 5.77 4.16 1.19 13.11 BBB N-A 126.23 13.34 GWO-T GREAT-WEST LIFECO INC 5.69 5.95 8.65 2.01 A+ N-A 56.73 1.62 CM-T CAN IMPERIAL BK OF COMMERCE 5.55 5.22 10.68 -16.69 A+ N-A 48.83 9.10 POW-T POWER CORP OF CANADA 5.54 7.02 7.76 -4.11 A+ N-A 42.63 14.95 AQN-T ALGONQUIN POWER & UTILITIES 5.48 9.35 11.30 -36.15 BBB N-A 165.34 10.44 MFC-T MANULIFE FINANCIAL CORP 5.46 9.59 8.20 9.63 A N-A 35.73 2.57 CPX-T CAPITAL POWER CORP 5.41 6.90 6.37 15.37 BBB- N-A 505.52 13.42 IGM-T IGM FINANCIAL INC 5.37 0.00 0.00 0.33 A N-A 61.87 11.55 LB-T LAURENTIAN BANK OF CANADA 5.34 -6.21 9.76 -13.08 BBB N-A 35.90 6.76 CRT-UN-T CT REAL ESTATE INVESTMENT TR 5.25 4.02 3.76 2.79 BBB N-A 135.11 36.45 T-T TELUS CORP 5.16 6.60 6.66 -10.96 BBB Baa1 117.19 20.28 POU-T PARAMOUNT RESOURCES LTD -A 5.07 N-A 370.83 20.27 B+ Ba3 11.28 11.18 EMA-T EMERA INC 5.03 4.46 4.04 -2.61 BBB Baa3 128.82 17.34 BEP-UN-T BROOKFIELD RENEWABLE PARTNER 5.01 0.60 9.78 -13.82 BBB+ N-A N-A N-A CHP-UN-T CHOICE PROPERTIES REIT 5.00 0.20 0.00 8.15 BBB N-A 71.93 8.59 REI-UN-T RIOCAN REAL ESTATE INVST TR 4.95 -6.30 6.25 -7.43 BBB N-A 131.00 17.09 CU-T CANADIAN UTILITIES LTD-A 4.94 3.97 1.00 8.98 BBB+ N-A 144.73 12.91 SES-T SECURE ENERGY SERVICES INC 4.86 -13.55 308.33 42.06 B B1 N-A 13.12 FCR-UN-T FIRST CAPITAL REAL ESTATE IN 4.81 -6.58 41.67 2.25 BBB- Baa3 N-A 112.97 ALA-T ALTAGAS LTD 4.72 -13.03 6.04 -10.28 BBB- N-A 122.17 47.01 CIX-T CI FINANCIAL CORP 4.71 -12.48 0.00 -21.44 BBB- Baa2 35.78 7.64 SU-T SUNCOR ENERGY INC 4.60 7.99 79.05 27.57 BBB Baa1 37.96 5.53 CNQ-T CANADIAN NATURAL RESOURCES 4.50 33.13 130.29 19.67 BBB- Baa1 30.79 7.38 BIP-UN-T BROOKFIELD INFRASTRUCTURE PA 4.46 4.49 10.30 -3.82 BBB+ N-A 693.95 400.88 ACO-X-T ATCO LTD -CLASS I 4.42 7.11 2.99 7.59 BBB+ N-A 83.22 11.80 BMO-T BANK OF MONTREAL 4.39 8.94 22.84 -4.49 A+ N-A 27.31 9.86 CCA-T COGECO COMMUNICATIONS INC 4.37 10.35 10.11 -26.99 BB+ N-A 30.80 7.44 SLF-T SUN LIFE FINANCIAL INC 4.36 9.60 19.48 3.89 A+ N-A 52.85 11.47 PKI-T PARKLAND CORP 4.30 2.40 5.28 -3.81 BB N-A 195.88 6.21 TD-T TORONTO-DOMINION BANK 4.25 8.63 11.35 -7.91 AA- N-A 37.52 10.29 RUS-T RUSSEL METALS INC 4.21 0.00 0.00 22.72 BB+ Ba1 25.71 6.16 FTS-T FORTIS INC 4.13 5.92 5.77 -1.68 A- Baa3 79.32 19.43 CTC-A-T CANADIAN TIRE CORP-CLASS A 4.07 17.10 30.05 -4.81 BBB N-A 35.45 9.40 NA-T NATIONAL BANK OF CANADA 3.93 9.67 22.67 2.06 A N-A 36.83 10.26 RY-T ROYAL BANK OF CANADA 3.89 7.37 14.41 2.71 AA- N-A 44.68 12.35 GRT-UN-T GRANITE REAL ESTATE INVESTME 3.78 3.50 3.31 -7.08 N-A (P)Baa2 14.71 21.04 NPI-T NORTHLAND POWER INC 3.62 1.76 0.00 -9.34 BBB N-A 34.85 16.66 TVE-T TAMARACK VALLEY ENERGY LTD 3.61 N-A N-A -11.47 B N-A 0.00 5.86 AEM-T AGNICO EAGLE MINES LTD 3.53 31.25 18.31 -4.64 NR Baa2 94.69 23.27 MG-T MAGNA INTERNATIONAL INC 3.37 10.64 8.91 -18.81 A- A3 88.30 13.32 QSR-T RESTAURANT BRANDS INTERN 3.35 22.84 5.60 28.63 BB N-A 65.79 29.11 K-T KINROSS GOLD CORP 3.28 N-A 3.72 -25.12 BBB- Baa3 0.00 10.96 H-T HYDRO ONE LTD 3.13 4.90 5.00 17.96 A- N-A 63.05 20.32 GSY-T GOEASY LTD 3.08 38.28 37.88 -11.11 BB- Ba3 44.60 13.32 RCI-B-T ROGERS COMMUNICATIONS INC-B 3.07 0.82 0.00 2.70 BBB+ *- Baa1 *- 60.06 17.62 IAG-T IA FINANCIAL CORP INC 3.04 13.13 27.40 21.99 A N-A 33.90 2.41 SJR-B-T SHAW COMMUNICATIONS INC-B 2.99 0.00 0.00 9.56 BBB- Baa2 *- 83.85 26.61 OTEX-T OPEN TEXT CORP 2.81 12.50 13.83 -12.45 BB+ Ba2 60.36 24.03 NTR-T NUTRIEN LTD 2.73 N-A 8.55 8.55 BBB Baa2 13.85 5.94 FTT-T FINNING INTERNATIONAL INC 2.68 4.64 7.27 -0.75 BBB+ N-A 29.04 10.78 IMO-T IMPERIAL OIL LTD 2.61 18.30 41.75 25.36 AA- N-A 12.70 6.08 ABX-T BARRICK GOLD CORP 2.49 40.38 -13.14 -21.77 BBB+ A3 266.47 18.85 YRI-T YAMANA GOLD INC 2.34 43.70 10.90 14.03 BBB- Baa3 71.05 18.95 IFC-T INTACT FINANCIAL CORP 2.22 9.34 17.65 11.58 N-A Baa1 29.71 13.25 EFN-T ELEMENT FLEET MANAGEMENT COR 2.05 2.08 22.02 63.51 BBB N-A 35.21 21.42 CNR-T CANADIAN NATL RAILWAY CO 2.01 12.17 19.11 2.63 A A2 39.30 20.97 SAP-T SAPUTO INC 1.95 3.04 1.41 21.62 N-A Baa1 109.01 25.67 TA-T TRANSALTA CORP 1.89 5.08 10.81 -8.67 BB+ Ba1 N-A N-A VET-T VERMILION ENERGY INC 1.74 -35.86 N-A -18.08 B+ B1 0.00 1.52 RBA-T RITCHIE BROS AUCTIONEERS 1.73 9.76 14.76 28.01 BB+ Ba2 *- 36.04 32.95 CVE-T CENOVUS ENERGY INC 1.72 18.33 430.29 29.14 BBB- Baa2 3.40 7.56 MRU-T METRO INC/CN 1.70 11.05 10.00 7.98 BBB N-A 31.19 18.86 CCL-B-T CCL INDUSTRIES INC - CL B 1.65 15.85 14.29 6.01 BBB Baa2 25.20 18.50 TRI-T THOMSON REUTERS CORP 1.61 4.07 15.60 30.56 BBB Baa2 60.69 50.83 WFG-T WEST FRASER TIMBER CO LTD 1.60 33.24 58.13 -14.70 BBB- Baa3 5.22 3.78 MX-T METHANEX CORP 1.47 -11.63 99.23 5.02 BB Ba1 3.43 10.63 FFH-T FAIRFAX FINANCIAL HLDGS LTD 1.46 1.67 7.92 52.17 BBB Baa3 20.60 13.47 L-T LOBLAW COMPANIES LTD 1.37 8.11 12.86 18.80 BBB N-A 25.34 21.97 FM-T FIRST QUANTUM MINERALS LTD 0.98 75.18 N-A -23.66 B+ *- N-A 11.02 11.71 TECK-B-T TECK RESOURCES LTD-CLS B 0.91 10.76 400.00 25.75 BBB- Baa3 6.44 6.73 ATD-T ALIMENTATION COUCHE-TARD INC 0.87 21.16 26.17 31.12 BBB Baa2 16.52 17.32 BN-T BROOKFIELD CORP 0.82 8.52 12.22 -15.56 A- A3 5.76 22.65 WCN-T WASTE CONNECTIONS INC 0.76 13.30 16.23 18.16 BBB+ Baa2 29.08 39.70 CP-T CANADIAN PACIFIC RAILWAY LTD 0.73 11.68 0.00 19.09 BBB+ N-A 20.10 29.49 CCO-T CAMECO CORP 0.33 -21.40 50.00 29.29 BBB- N-A 58.06 105.88 HBM-T HUDBAY MINERALS INC 0.31 0.00 0.00 -31.03 B B1 N-A 8.57 SNC-T SNC-LAVALIN GROUP INC 0.29 -40.71 0.00 -1.73 BB+ N-A 14.02 39.18 DOL-T DOLLARAMA INC 0.28 8.57 9.94 22.26 BBB N-A 9.16 30.56 GFL-T GFL ENVIRONMENTAL INC-SUB VT 0.15 N-A 15.50 14.93 B+ B1 N-A N-A
Source: Bloomberg
Scott Barlow