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

Scott BarlowMarket Strategist

Published June 11, 2021

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This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer

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 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.

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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 is as of market close Thursday.

		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	6.95	10.58	6.27	25.12	BBB+	Baa1	219.40	20.27
PPL-T	PEMBINA PIPELINE CORP	6.32	6.43	2.86	30.07	BBB	N-A	N-A	17.78
BCE-T	BCE INC	5.70	5.08	5.06	12.60	BBB+	Baa2	132.54	20.41
KEY-T	KEYERA CORP	5.46	5.34	1.05	89.21	BBB-	N-A	682.71	28.99
TRP-T	TC ENERGY CORP	5.42	9.20	7.84	16.97	BBB+	Baa2	68.32	15.21
GEI-T	GIBSON ENERGY INC	5.33	1.21	3.01	37.48	BBB-	Ba2	163.77	34.94
CPX-T	CAPITAL POWER CORP	5.13	7.05	6.89	57.62	BBB-	N-A	250.00	25.75
IGM-T	IGM FINANCIAL INC	5.07	0.00	0.00	45.39	A	N-A	70.14	13.42
CHP-UN-T	CHOICE PROPERTIES REIT	5.07	2.37	0.00	22.21	BBB	N-A	116.18	108.57
CRT-UN-T	CT REAL ESTATE INVESTMENT TR	5.00	3.58	3.65	33.94	BBB	N-A	216.91	55.71
CU-T	CANADIAN UTILITIES LTD-A	4.91	7.14	1.99	24.59	A-	N-A	131.95	19.33
GWO-T	GREAT-WEST LIFECO INC	4.80	5.45	2.94	65.49	A+	N-A	55.23	41.58
SPB-T	SUPERIOR PLUS CORP	4.63	0.00	0.00	59.94	BB-	N-A	168.31	184.43
T-T	TELUS CORP	4.61	6.92	6.48	24.83	BBB+	Baa1	125.93	26.73
MFC-T	MANULIFE FINANCIAL CORP	4.55	9.54	5.66	38.24	A	N-A	38.05	9.07
POW-T	POWER CORP OF CANADA	4.53	7.13	7.67	76.81	A+	N-A	58.13	11.09
RUS-T	RUSSEL METALS INC	4.48	0.00	0.00	133.34	BB	Ba3	385.71	27.65
EMA-T	EMERA INC	4.46	6.71	4.12	14.17	BBB	Baa3	64.93	20.04
BNS-T	BANK OF NOVA SCOTIA	4.45	5.15	0.84	49.11	A+	N-A	66.29	12.90
REI-UN-T	RIOCAN REAL ESTATE INVST TR	4.39	-2.54	-13.89	46.53	BBB	N-A	N-A	N-A
AQN-T	ALGONQUIN POWER & UTILITIES	4.28	9.95	7.75	10.12	BBB	N-A	44.49	34.60
CNQ-T	CANADIAN NATURAL RESOURCES	4.20	13.66	9.06	92.69	BBB-	Baa2	N-A	33.01
CM-T	CAN IMPERIAL BK OF COMMERCE	4.05	5.17	1.74	64.70	A+	N-A	70.67	11.51
ALA-T	ALTAGAS LTD	3.98	-12.95	2.06	81.61	BBB-	N-A	55.14	18.73
ACO-X-T	ATCO LTD -CLASS I	3.96	10.66	5.18	34.26	A-	N-A	79.02	25.12
CJR-B-T	CORUS ENTERTAINMENT INC-B SH	3.80	-26.77	0.00	79.82	BB	N-A	N-A	7.82
AP-UN-T	ALLIED PROPERTIES REAL ESTAT	3.70	2.46	3.24	17.38	N-A	Baa2	41.02	23.08
BIP-UN-T	BROOKFIELD INFRASTRUCTURE PA	3.70	5.32	-7.33	27.49	BBB+	N-A	410.70	52.27
LB-T	LAURENTIAN BANK OF CANADA	3.67	-6.84	-39.85	52.06	BBB	N-A	90.17	10.34
GRT-UN-T	GRANITE REAL ESTATE INVESTME	3.64	4.78	3.58	31.45	N-A	(P)Baa2	38.32	35.90
TD-T	TORONTO-DOMINION BANK	3.63	8.72	4.98	49.92	AA-	N-A	48.28	11.11
FTS-T	FORTIS INC	3.59	6.34	5.84	15.87	A-	Baa3	75.68	20.98
TCL-A-T	TRANSCONTINENTAL INC-CL A	3.50	5.31	1.69	98.70	BBB-	N-A	59.19	12.47
H-T	HYDRO ONE LTD	3.48	13.31	5.01	28.50	A-	N-A	33.84	10.11
RY-T	ROYAL BANK OF CANADA	3.46	6.45	2.86	44.67	AA-	N-A	54.74	12.66
SLF-T	SUN LIFE FINANCIAL INC	3.44	7.05	1.15	34.54	A+	Baa1 (hyb)	53.54	13.43
INE-T	INNERGEX RENEWABLE ENERGY	3.41	2.87	2.13	16.84	BB+	N-A	N-A	N-A
BMO-T	BANK OF MONTREAL	3.34	5.01	1.44	83.68	A+	N-A	56.14	12.68
CIX-T	CI FINANCIAL CORP	3.28	-11.48	0.00	37.99	BBB	N-A	32.63	8.40
SJR-B-T	SHAW COMMUNICATIONS INC-B	3.28	0.00	0.00	67.85	BBB-	Baa2 *-	89.88	24.87
RCI-B-T	ROGERS COMMUNICATIONS INC-B	3.21	0.82	0.00	10.40	BBB+ *-	Baa1 *-	63.44	18.14
QSR-T	RESTAURANT BRANDS INTERN	3.12	30.68	0.30	12.92	BB	N-A	129.25	36.51
NA-T	NATIONAL BANK OF CANADA	3.10	6.02	2.16	58.70	A	N-A	49.55	11.69
BEP-UN-T	BROOKFIELD RENEWABLE PARTNER	3.06	-0.25	-20.64	48.66	BBB+	N-A	N-A	N-A
PKI-T	PARKLAND CORP	2.98	2.21	1.70	27.65	BB	Ba2	224.39	24.54
NPI-T	NORTHLAND POWER INC	2.90	2.13	0.00	35.91	BBB	N-A	62.34	42.13
NTR-T	NUTRIEN LTD	2.85	N-A	-0.44	68.39	BBB	Baa2	223.39	35.31
IAG-T	IA FINANCIAL CORP INC	2.81	9.72	3.74	60.06	A	N-A	33.99	N-A
SU-T	SUNCOR ENERGY INC	2.79	-6.25	-44.55	28.96	BBB+	Baa1	N-A	71.95
ITP-T	INTERTAPE POLYMER GROUP INC	2.65	3.47	0.44	156.93	BB-	Ba2	48.69	18.12
FTT-T	FINNING INTERNATIONAL INC	2.59	2.35	0.00	72.10	BBB+	N-A	57.01	25.30
IMO-T	IMPERIAL OIL LTD	2.58	10.29	5.68	91.36	AA-	N-A	N-A	N-A
IPL-T	INTER PIPELINE LTD	2.38	-20.62	-68.11	73.09	BBB-	N-A	93.51	23.49
FCR-UN-T	FIRST CAPITAL REAL ESTATE IN	2.38	-4.54	-20.74	31.96	BBB-	Baa3	7017.98	23.52
CAS-T	CASCADES INC	2.35	14.87	0.00	4.21	BB-	Ba2	15.50	6.46
CTC-A-T	CANADIAN TIRE CORP-CLASS A	2.33	16.02	6.32	77.63	BBB	N-A	9.52	12.98
FFH-T	FAIRFAX FINANCIAL HLDGS LTD	2.26	-2.74	-2.99	40.60	BBB-	Baa3	151.65	58.33
CCA-T	COGECO COMMUNICATIONS INC	2.16	10.46	10.38	25.50	BB+	N-A	29.99	14.46
YRI-T	YAMANA GOLD INC	2.01	11.40	120.53	-4.52	BB+	Baa3	26.03	20.19
IFC-T	INTACT FINANCIAL CORP	1.97	8.88	6.75	32.79	N-A	Baa1	46.12	18.58
EFN-T	ELEMENT FLEET MANAGEMENT COR	1.93	34.49	22.22	42.11	BBB	N-A	35.79	18.39
AEM-T	AGNICO EAGLE MINES LTD	1.93	30.11	68.29	9.58	NR	Baa2	44.72	27.76
SAP-T	SAPUTO INC	1.92	5.37	2.96	16.35	N-A	Baa1	45.54	23.48
WN-T	WESTON (GEORGE) LTD	1.86	4.81	2.38	27.12	BBB	N-A	35.47	20.15
CNR-T	CANADIAN NATL RAILWAY CO	1.85	11.60	6.97	14.88	A *-	A2 *-	45.93	24.21
L-T	LOBLAW COMPANIES LTD	1.76	5.39	3.17	18.46	BBB	N-A	41.33	21.61
MG-T	MAGNA INTERNATIONAL INC	1.75	11.18	2.30	106.94	A-	A3	61.69	19.52
GSY-T	GOEASY LTD	1.74	36.45	45.65	198.31	BB-	Ba3	17.51	11.29
MRU-T	METRO INC/CN	1.71	13.10	11.76	5.60	BBB	N-A	27.74	17.84
TRI-T	THOMSON REUTERS CORP	1.65	0.25	0.12	32.03	BBB	Baa2	65.83	8.39
OTEX-T	OPEN TEXT CORP	1.62	12.34	5.03	8.62	BB+	Ba1	80.76	61.76
TA-T	TRANSALTA CORP	1.53	-16.84	6.06	53.36	BB+	Ba1	N-A	N-A
RBA-T	RITCHIE BROS AUCTIONEERS	1.52	5.50	4.61	31.41	BB+	Ba2	54.12	34.37
ABX-T	BARRICK GOLD CORP	1.52	42.08	98.55	-11.28	BBB	Baa1	25.25	18.14
K-T	KINROSS GOLD CORP	1.50	N-A	N-A	15.79	BBB-	Baa3	0.00	11.39
PRMW-T	PRIMO WATER CORP	1.36	-0.81	-5.24	26.73	B	B1	N-A	99.53
CCL-B-T	CCL INDUSTRIES INC - CL B	1.24	18.20	8.70	53.47	BBB	Baa2	24.29	21.37
WFG-T	WEST FRASER TIMBER CO LTD	1.15	23.36	0.00	119.97	BBB-	Baa3	7.09	4.67
BAM-A-T	BROOKFIELD ASSET MANAGE-CL A	1.04	7.44	3.97	34.20	A-	Baa1	N-A	156.04
CP-T	CANADIAN PACIFIC RAILWAY LTD	0.79	21.32	10.84	45.01	BBB+	N-A	19.60	27.28
ATD-B-T	ALIMENTATION COUCHE-TARD -B	0.78	20.79	22.33	6.87	BBB	Baa2	12.48	15.61
TECK-B-T	TECK RESOURCES LTD-CLS B	0.71	0.00	0.00	111.16	BBB-	Baa3	N-A	38.90
WCN-T	WASTE CONNECTIONS INC	0.68	3.53	5.95	20.87	BBB+	Baa2	97.66	52.09
CVE-T	CENOVUS ENERGY INC	0.58	-51.26	-92.22	99.19	BBB-	Baa3	N-A	N-A
MX-T	METHANEX CORP	0.42	-33.04	-89.92	63.37	BB	Ba1	N-A	N-A
DOL-T	DOLLARAMA INC	0.37	8.48	5.28	16.14	BBB	N-A	9.85	28.87
CCO-T	CAMECO CORP	0.31	-27.52	0.00	96.48	BBB-	N-A	N-A	N-A
SNC-T	SNC-LAVALIN GROUP INC	0.25	-39.90	0.00	49.70	BB+	N-A	N-A	N-A
HBM-T	HUDBAY MINERALS INC	0.23	0.00	0.00	127.86	B	B2	N-A	N-A
GFL-T	GFL ENVIRONMENTAL INC-SUB VT	0.14	N-A	279.49	65.38	B+	B1	N-A	N-A
FM-T	FIRST QUANTUM MINERALS LTD	0.04	-25.30	0.00	230.25	B	N-A	N-A	N-A

Source: Bloomberg

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