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.
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 6.75 10.58 6.27 28.79 BBB+ Baa1 219.40 20.84 PPL-T PEMBINA PIPELINE CORP 6.23 6.35 2.44 29.38 BBB N-A N-A 17.93 KEY-T KEYERA CORP 5.84 5.20 0.52 73.76 BBB- N-A 682.71 27.45 BCE-T BCE INC 5.76 5.08 5.08 13.12 BBB+ Baa2 132.54 20.17 GEI-T GIBSON ENERGY INC 5.63 1.21 3.01 23.40 BBB- Ba2 163.77 32.93 TRP-T TC ENERGY CORP 5.51 9.20 7.84 14.09 BBB+ Baa2 68.32 14.94 CRT-UN-T CT REAL ESTATE INVESTMENT TR 5.07 3.58 3.65 27.03 BBB N-A 216.91 54.91 CHP-UN-T CHOICE PROPERTIES REIT 5.03 2.37 0.00 20.47 BBB N-A 116.18 107.53 CU-T CANADIAN UTILITIES LTD-A 5.02 7.14 1.99 13.55 A- N-A 131.95 19.02 IGM-T IGM FINANCIAL INC 4.97 0.00 0.00 46.86 A N-A 70.14 13.67 CPX-T CAPITAL POWER CORP 4.88 7.05 6.89 60.47 BBB- N-A 250.00 27.00 GWO-T GREAT-WEST LIFECO INC 4.75 5.45 2.94 63.43 A+ N-A 55.23 42.01 SPB-T SUPERIOR PLUS CORP 4.64 0.00 0.00 45.91 BB- N-A 168.31 183.95 T-T TELUS CORP 4.62 6.92 6.48 25.27 BBB+ Baa1 125.93 26.84 MFC-T MANULIFE FINANCIAL CORP 4.59 9.54 5.66 37.05 A N-A 38.05 8.90 RUS-T RUSSEL METALS INC 4.50 0.00 0.00 123.97 BB Ba2 385.71 27.77 EMA-T EMERA INC 4.49 6.71 4.12 11.28 BBB Baa3 64.93 19.84 BNS-T BANK OF NOVA SCOTIA 4.48 5.15 0.84 51.59 A+ N-A 66.29 12.80 AQN-T ALGONQUIN POWER & UTILITIES 4.45 9.95 7.75 9.97 BBB N-A 44.49 33.21 POW-T POWER CORP OF CANADA 4.43 7.13 7.67 75.70 A+ N-A 58.13 11.30 REI-UN-T RIOCAN REAL ESTATE INVST TR 4.35 -2.54 -13.89 56.57 BBB N-A N-A N-A CNQ-T CANADIAN NATURAL RESOURCES 4.23 14.24 11.88 100.92 BBB- Baa2 N-A 33.15 CJR-B-T CORUS ENTERTAINMENT INC-B SH 4.07 -26.77 0.00 76.24 BB N-A N-A 7.23 ACO/X-T ATCO LTD -CLASS I 4.06 10.66 5.18 21.35 A- N-A 79.02 24.98 CM-T CAN IMPERIAL BK OF COMMERCE 4.03 4.62 1.74 67.53 A+ N-A 70.67 11.65 ALA-T ALTAGAS LTD 3.81 -12.93 2.41 77.44 BBB- N-A 55.14 19.58 TCL-A-T TRANSCONTINENTAL INC-CL A 3.72 5.31 1.69 68.64 BBB- N-A 59.19 11.50 BIP-UN-T BROOKFIELD INFRASTRUCTURE PA 3.71 5.32 -7.33 21.69 BBB+ N-A 410.70 51.35 AP-UN-T ALLIED PROPERTIES REAL ESTAT 3.70 2.46 3.24 13.26 N-A Baa2 41.02 22.86 GRT-UN-T GRANITE REAL ESTATE INVESTME 3.66 4.78 3.58 25.64 N-A (P)Baa2 38.32 35.72 TD-T TORONTO-DOMINION BANK 3.61 8.72 4.98 49.70 AA- N-A 48.28 11.12 FTS-T FORTIS INC 3.59 6.34 5.84 13.33 A- Baa3 75.68 20.91 LB-T LAURENTIAN BANK OF CANADA 3.59 -6.84 -39.85 57.32 BBB N-A 90.17 10.55 H-T HYDRO ONE LTD 3.51 13.31 5.01 22.81 A- N-A 33.84 9.99 SLF-T SUN LIFE FINANCIAL INC 3.46 7.05 1.15 32.40 A+ Baa1 (hyb) 53.54 13.23 RY-T ROYAL BANK OF CANADA 3.40 6.45 2.86 40.71 AA- N-A 54.74 12.76 SJR-B-T SHAW COMMUNICATIONS INC-B 3.35 0.00 0.00 65.22 BBB- Baa2 *- 89.88 24.34 BMO-T BANK OF MONTREAL 3.33 5.01 1.44 81.72 A+ N-A 56.14 12.76 INE-T INNERGEX RENEWABLE ENERGY 3.29 2.87 2.13 16.10 BB+ N-A N-A N-A BEP-UN-T BROOKFIELD RENEWABLE PARTNER 3.25 -0.25 -20.64 33.76 BBB+ N-A N-A N-A QSR-T RESTAURANT BRANDS INTERN 3.25 30.18 -2.88 13.09 BB N-A 129.25 35.16 PKI-T PARKLAND CORP 3.17 2.15 1.70 21.54 BB Ba2 224.39 23.09 RCI-B-T ROGERS COMMUNICATIONS INC-B 3.13 0.82 0.00 20.69 BBB+ *- Baa1 *- 63.44 18.79 CIX-T CI FINANCIAL CORP 3.12 -11.48 0.00 40.46 BBB N-A 32.63 8.85 NA-T NATIONAL BANK OF CANADA 3.06 5.72 2.16 58.46 A N-A 49.55 11.97 NTR-T NUTRIEN LTD 2.99 N-A -0.44 70.63 BBB Baa2 223.39 33.41 NPI-T NORTHLAND POWER INC 2.93 2.13 0.00 25.63 BBB N-A 62.34 41.68 IAG-T IA FINANCIAL CORP INC 2.82 9.72 3.74 53.84 A N-A 33.99 N-A SU-T SUNCOR ENERGY INC 2.74 -6.25 -44.55 39.30 BBB+ Baa1 N-A 73.17 ITP-T INTERTAPE POLYMER GROUP INC 2.72 2.70 -2.40 152.63 BB- Ba2 48.69 17.60 IMO-T IMPERIAL OIL LTD 2.70 10.29 5.68 93.02 AA- N-A N-A N-A FTT-T FINNING INTERNATIONAL INC 2.49 2.35 0.00 80.83 BBB+ N-A 57.01 26.29 FCR-UN-T FIRST CAPITAL REAL ESTATE IN 2.43 -4.54 -20.74 34.07 BBB- Baa3 7017.98 23.06 CTC-A-T CANADIAN TIRE CORP-CLASS A 2.40 16.02 6.32 69.87 BBB N-A 9.52 12.57 YRI-T YAMANA GOLD INC 2.35 11.40 120.53 -22.69 BB+ Baa3 26.03 16.89 FFH-T FAIRFAX FINANCIAL HLDGS LTD 2.35 -2.74 -2.99 35.58 BBB- Baa3 151.65 56.53 IPL-T INTER PIPELINE LTD 2.34 -20.69 -65.78 70.26 BBB- N-A 93.51 23.98 CCA-T COGECO COMMUNICATIONS INC 2.24 10.46 10.38 18.45 BB+ N-A 29.99 13.91 AEM-T AGNICO EAGLE MINES LTD 2.14 30.11 68.29 -6.56 NR Baa2 44.72 24.07 CAS-T CASCADES INC 2.10 14.87 0.00 8.95 BB- Ba2 15.50 7.22 SAP-T SAPUTO INC 1.94 5.33 3.70 14.58 N-A Baa1 45.54 23.61 IFC-T INTACT FINANCIAL CORP 1.93 8.38 4.40 32.44 N-A Baa1 46.12 18.61 CNR-T CANADIAN NATL RAILWAY CO 1.87 11.60 6.97 11.98 A *- A2 *- 45.93 23.71 WN-T WESTON (GEORGE) LTD 1.87 4.87 3.57 21.21 BBB N-A 35.47 19.91 K-T KINROSS GOLD CORP 1.80 N-A N-A -11.28 BBB- Baa3 0.00 9.27 MG-T MAGNA INTERNATIONAL INC 1.77 11.18 2.30 100.54 A- A3 61.69 18.89 L-T LOBLAW COMPANIES LTD 1.77 5.50 4.76 16.72 BBB N-A 41.33 21.66 EFN-T ELEMENT FLEET MANAGEMENT COR 1.76 34.49 22.22 48.78 BBB N-A 35.79 19.89 MRU-T METRO INC/CN 1.70 13.10 11.76 6.83 BBB N-A 27.74 17.99 ABX-T BARRICK GOLD CORP 1.66 42.08 98.55 -24.76 BBB Baa1 25.25 16.12 TRI-T THOMSON REUTERS CORP 1.63 0.25 0.12 33.88 BBB Baa2 65.83 8.40 GSY-T GOEASY LTD 1.62 37.60 46.05 188.42 BB- Ba3 17.51 11.99 OTEX-T OPEN TEXT CORP 1.57 12.34 5.03 7.81 BB+ Ba1 80.76 63.32 TA-T TRANSALTA CORP 1.45 -16.84 6.06 61.40 BB+ Ba1 N-A N-A PRMW-T PRIMO WATER CORP 1.43 -0.81 -5.24 5.26 B B1 N-A 93.45 RBA-T RITCHIE BROS AUCTIONEERS 1.41 5.50 4.61 40.77 BB+ Ba2 54.12 36.60 CCL-B-T CCL INDUSTRIES INC - CL B 1.20 17.38 11.43 60.14 BBB Baa2 24.29 21.88 WFG-T WEST FRASER TIMBER CO LTD 1.13 24.87 6.25 99.24 BBB- Baa3 7.09 4.66 BAM-A-T BROOKFIELD ASSET MANAGE-CL A 0.99 7.44 3.97 40.59 A- Baa1 N-A 162.19 ATD-B-T ALIMENTATION COUCHE-TARD -B 0.82 20.79 22.33 2.05 BBB Baa2 12.48 14.87 CP-T CANADIAN PACIFIC RAILWAY LTD 0.81 19.64 14.46 38.70 BBB+ N-A 19.60 26.48 TECK-B-T TECK RESOURCES LTD-CLS B 0.72 14.87 0.00 98.38 BBB- Baa3 N-A 38.39 WCN-T WASTE CONNECTIONS INC 0.70 3.53 5.95 19.78 BBB+ Baa2 97.66 52.01 CVE-T CENOVUS ENERGY INC 0.58 -39.16 -80.00 91.13 BBB- Baa3 N-A N-A MX-T METHANEX CORP 0.44 -33.53 -87.39 60.16 BB Ba1 N-A N-A DOL-T DOLLARAMA INC 0.36 8.48 5.28 25.77 BBB N-A 9.85 30.19 CCO-T CAMECO CORP 0.33 -27.52 0.00 82.90 BBB- N-A N-A N-A HBM-T HUDBAY MINERALS INC 0.24 0.00 0.00 104.37 B B2 N-A N-A SNC-T SNC-LAVALIN GROUP INC 0.24 -39.90 0.00 53.13 BB+ N-A N-A N-A GFL-T GFL ENVIRONMENTAL INC-SUB VT 0.14 N-A 279.49 52.92 B+ B1 N-A N-A FM-T FIRST QUANTUM MINERALS LTD 0.04 -25.30 0.00 181.68 B N-A N-A N-A
Source: Bloomberg
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Scott Barlow