The table below ranks all S&P/TSX companies by indicated dividend yield as reported by Bloomberg.
Yield-paying index stocks where no credit rating is available from either rating agency are excluded from the table. It is intended as a starting point for further research.
We hope the data provided is helpful and credible, but recognize it is not sufficient grounds for actual market transactions on its own.
Investors should verify the data provided and investigate all cases where ‘NAs’ 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 due to differences in time frame used or method of calculation for after tax income.
Data as of Thursday market 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 7.66 11.15 7.97 -15.02 BBB+ Baa2 219.40 20.44 BPY-UN-T BROOKFIELD PROPERTY PARTNERS 7.54 5.36 0.73 1.60 BBB N-A N-A 54.14 KEY-T KEYERA CORP 7.37 5.78 3.23 -20.77 BBB- N-A 682.71 16.52 PPL-T PEMBINA PIPELINE CORP 7.26 6.87 5.88 -29.30 BBB N-A 89.13 13.91 IGM-T IGM FINANCIAL INC 6.45 0.00 0.00 -5.09 A N-A 70.14 11.11 BCE-T BCE INC 6.25 5.07 5.05 -9.19 BBB+ Baa2 132.54 18.08 GEI-T GIBSON ENERGY INC 6.22 1.22 3.03 -19.16 BBB- Ba2 108.88 20.16 TRP-T TC ENERGY CORP 6.15 9.27 8.00 -20.12 BBB+ Baa2 68.32 13.39 RUS-T RUSSEL METALS INC 6.08 0.00 0.00 21.90 BB Ba3 385.71 166.63 CHP-UN-T CHOICE PROPERTIES REIT 5.80 2.57 0.00 -10.17 BBB N-A 116.18 13.05 POW-T POWER CORP OF CANADA 5.77 7.90 10.49 -3.62 A+ N-A 79.05 10.90 GWO-T GREAT-WEST LIFECO INC 5.56 6.08 6.05 -3.15 A+ N-A 55.23 N-A CPX-T CAPITAL POWER CORP 5.54 7.08 7.01 4.50 BBB- N-A 250.00 31.27 CU-T CANADIAN UTILITIES LTD-A 5.49 7.61 2.49 -19.85 A- N-A 52.15 18.40 REI-UN-T RIOCAN REAL ESTATE INVST TR 5.42 -0.14 -2.78 -29.35 BBB N-A N-A N-A SJR-B-T SHAW COMMUNICATIONS INC-B 5.30 0.00 0.00 -9.00 BBB- Baa2 89.88 16.54 SPB-T SUPERIOR PLUS CORP 5.26 0.00 0.00 26.54 BB- N-A 88.29 41.78 CRT-UN-T CT REAL ESTATE INVESTMENT TR 5.18 3.62 4.34 -4.12 BBB N-A 216.91 61.33 CM-T CAN IMPERIAL BK OF COMMERCE 5.10 5.73 2.82 11.40 A+ N-A 70.67 12.09 BNS-T BANK OF NOVA SCOTIA 5.07 5.46 1.69 1.26 A+ N-A 66.29 13.74 ALA-T ALTAGAS LTD 5.03 -12.67 0.69 -6.64 BBB- N-A 34.93 N-A CNQ-T CANADIAN NATURAL RESOURCES 5.03 13.07 13.33 -5.43 BBB- Baa2 32.98 N-A LB-T LAURENTIAN BANK OF CANADA 5.02 -3.55 -29.17 -22.13 BBB N-A 90.17 11.16 EMA-T EMERA INC 5.01 7.39 4.17 -11.10 BBB Baa3 64.93 16.89 MIC-T SAGEN MI CANADA INC 4.99 5.92 -74.85 -18.09 BBB+ N-A 133.07 8.58 AP-UN-T ALLIED PROPERTIES REAL ESTAT 4.76 2.45 3.36 -37.20 N-A Baa2 41.02 20.31 T-T TELUS CORP 4.74 7.12 5.21 2.89 BBB+ Baa1 125.93 24.07 ACO-X-T ATCO LTD -CLASS I 4.70 11.95 7.51 -26.57 A- N-A 36.19 17.42 CJR-B-T CORUS ENTERTAINMENT INC-B SH 4.62 -26.77 0.00 12.96 BB N-A N-A 6.93 MFC-T MANULIFE FINANCIAL CORP 4.48 10.99 12.00 0.43 A N-A 38.05 8.56 BMO-T BANK OF MONTREAL 4.28 5.27 2.91 4.02 A+ N-A 56.14 13.18 OSB-T NORBORD INC 4.21 10.44 -17.86 N-A BBB- Ba1 *+ 27.67 7.14 TD-T TORONTO-DOMINION BANK 4.20 9.15 6.76 4.94 AA- N-A 48.28 11.67 TCL-A-T TRANSCONTINENTAL INC-CL A 4.11 5.77 2.27 30.29 BBB- N-A 59.19 10.42 CIX-T CI FINANCIAL CORP 4.01 -11.21 0.00 -25.12 BBB N-A 31.71 7.41 RY-T ROYAL BANK OF CANADA 3.99 6.72 4.35 5.98 AA- N-A 54.74 13.93 GRT-UN-T GRANITE REAL ESTATE INVESTME 3.98 4.85 3.77 5.77 N-A (P)Baa2 36.04 23.63 BIP-UN-T BROOKFIELD INFRASTRUCTURE PA 3.97 7.85 -0.89 2.22 BBB+ N-A 410.70 97.75 FTS-T FORTIS INC 3.95 6.56 5.93 -8.75 A- Baa3 75.68 19.86 NA-T NATIONAL BANK OF CANADA 3.82 6.43 4.41 4.42 A N-A 49.55 12.09 AQN-T ALGONQUIN POWER & UTILITIES 3.61 10.76 12.30 4.76 BBB N-A 53.18 26.60 SLF-T SUN LIFE FINANCIAL INC 3.58 7.82 4.76 -1.63 A+ Baa1 (hyb) 53.53 15.84 H-T HYDRO ONE LTD 3.56 N-A 5.01 1.73 A- N-A 73.26 8.64 SU-T SUNCOR ENERGY INC 3.56 -0.80 -34.82 -38.53 BBB+ Baa1 90.35 N-A RCI-B-T ROGERS COMMUNICATIONS INC-B 3.52 0.82 0.00 -12.37 BBB+ Baa1 253.77 16.87 QSR-T RESTAURANT BRANDS INTERN 3.51 37.25 4.67 -8.52 BB N-A 129.25 34.22 IMO-T IMPERIAL OIL LTD 3.43 10.26 3.53 -15.49 AA- N-A 29.36 N-A ITP-T INTERTAPE POLYMER GROUP INC 3.41 4.36 5.68 51.99 BB- Ba3 82.47 15.51 NTR-T NUTRIEN LTD 3.32 N-A 4.50 33.10 BBB Baa2 224.64 36.24 PKI-T PARKLAND CORP 3.21 2.37 1.85 -17.79 BB Ba2 42.75 23.92 IAG-T IA FINANCIAL CORP INC 2.98 10.83 9.92 -3.50 A N-A 33.98 N-A FCR-UN-T FIRST CAPITAL REAL ESTATE IN 2.90 -0.84 -4.15 -27.96 BBB- Baa3 7017.98 17.55 BEI-UN-T BOARDWALK REAL ESTATE INVEST 2.84 -19.93 0.00 -28.32 N-A N-A 133.58 N-A INE-T INNERGEX RENEWABLE ENERGY 2.77 3.04 2.86 22.20 BB+ N-A N-A N-A BEP-UN-T BROOKFIELD RENEWABLE PARTNER 2.74 4.06 -5.02 49.19 BBB+ N-A N-A N-A IPL-T INTER PIPELINE LTD 2.74 -14.51 -59.94 -15.54 BBB- N-A 131.06 20.07 FTT-T FINNING INTERNATIONAL INC 2.72 2.49 0.61 47.02 BBB+ N-A 57.01 26.64 CTC-A-T CANADIAN TIRE CORP-CLASS A 2.63 16.37 7.94 20.53 BBB N-A 9.52 14.21 FFH-T FAIRFAX FINANCIAL HLDGS LTD 2.46 -2.74 -2.99 -15.69 BBB- Baa3 121.09 N-A NPI-T NORTHLAND POWER INC 2.44 2.13 0.00 56.33 BBB N-A 70.02 24.05 YRI-T YAMANA GOLD INC 2.38 4.47 142.57 -1.62 BB+ Baa3 26.03 17.65 WN-T WESTON (GEORGE) LTD 2.32 4.63 1.67 -12.60 BBB N-A 162.12 17.30 IFC-T INTACT FINANCIAL CORP 2.28 9.39 9.21 -2.54 N-A Baa1 46.12 21.24 CCA-T COGECO COMMUNICATIONS INC 2.20 10.52 10.41 11.60 BB+ N-A 29.99 14.60 EFN-T ELEMENT FLEET MANAGEMENT COR 2.17 51.57 11.11 -8.36 BBB N-A 146.09 39.87 L-T LOBLAW COMPANIES LTD 2.15 5.17 3.23 -10.83 BBB N-A 42.38 19.89 MG-T MAGNA INTERNATIONAL INC 2.13 13.46 9.92 43.77 A- A3 63.34 21.15 CAS-T CASCADES INC 1.97 14.87 33.33 41.09 BB- Ba2 32.69 8.42 TRI-T THOMSON REUTERS CORP 1.90 0.95 5.73 -1.85 BBB Baa2 48.58 78.25 SAP-T SAPUTO INC 1.86 5.42 2.99 -7.54 N-A Baa1 46.28 23.88 MRU-T METRO INC/CN 1.83 13.55 12.12 0.10 BBB N-A 27.74 16.99 CNR-T CANADIAN NATL RAILWAY CO 1.81 12.97 6.98 13.25 A A2 45.93 25.78 ABX-T BARRICK GOLD CORP 1.76 18.30 137.05 -6.27 BBB Baa1 8.86 18.31 OTEX-T OPEN TEXT CORP 1.74 13.97 6.84 -3.81 BB+ Ba1 80.76 80.25 LUN-T LUNDIN MINING CORP 1.69 N-A 33.33 99.33 NR N-A 52.76 1.40 PRMW-T PRIMO WATER CORP 1.58 0.63 -0.29 -2.76 B B1 N-A 77.69 RBA-T RITCHIE BROS AUCTIONEERS 1.54 6.58 8.94 28.28 BB+ Ba2 54.12 35.77 TA-T TRANSALTA CORP 1.51 -25.08 6.25 10.44 BB+ Ba1 65.31 N-A BAM-A-T BROOKFIELD ASSET MANAGE-CL A 1.20 9.49 12.46 -5.99 A- Baa1 N-A 78.42 CCL-B-T CCL INDUSTRIES INC - CL B 1.09 19.14 5.88 17.64 BBB Baa2 25.37 22.66 ATD-B-T ALIMENTATION COUCHE-TARD -B 0.91 21.74 19.00 -11.75 BBB Baa2 12.48 13.30 CP-T CANADIAN PACIFIC RAILWAY LTD 0.83 20.52 13.38 28.79 BBB+ N-A 19.60 25.79 WCN-T WASTE CONNECTIONS INC 0.81 2.25 15.75 -6.40 BBB+ Baa2 97.66 44.42 HSE-T HUSKY ENERGY INC 0.74 -28.69 -67.50 N-A BBB- Baa3 N-A N-A TECK-B-T TECK RESOURCES LTD-CLS B 0.73 0.00 0.00 55.55 BBB- Baa3 N-A 122.52 MX-T METHANEX CORP 0.41 -14.18 -65.16 6.99 BB Ba1 N-A N-A CCO-T CAMECO CORP 0.40 -27.52 0.00 66.99 BBB- N-A N-A N-A DOL-T DOLLARAMA INC 0.38 8.33 1.70 16.86 BBB N-A 9.80 26.85 SNC-T SNC-LAVALIN GROUP INC 0.30 -39.66 -66.67 -19.21 BB+ N-A 12.84 N-A HBM-T HUDBAY MINERALS INC 0.21 0.00 0.00 125.10 B B2 N-A N-A FM-T FIRST QUANTUM MINERALS LTD 0.04 -34.30 0.00 119.85 CCC+ Caa2 N-A N-A
Source: Bloomberg
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Scott Barlow