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 6.69 10.58 6.27 33.99 BBB+ Baa1 219.40 21.06 PPL-T PEMBINA PIPELINE CORP 6.46 6.35 2.44 31.75 BBB N/A N/A 17.38 GEI-T GIBSON ENERGY INC 6.07 1.20 2.99 17.94 BBB- Ba2 163.77 30.68 KEY-T KEYERA CORP 5.88 5.20 0.52 73.87 BBB- N/A 682.71 26.90 BCE-T BCE INC 5.65 5.08 5.08 19.92 BBB+ Baa2 132.54 20.61 TRP-T TC ENERGY CORP 5.62 9.14 7.69 17.35 BBB+ Baa2 68.32 14.68 IGM-T IGM FINANCIAL INC 5.19 0.00 0.00 43.21 A N/A 70.14 13.13 CU-T CANADIAN UTILITIES LTD-A 5.05 7.14 1.99 11.51 A- N/A 131.95 18.81 CHP-UN-T CHOICE PROPERTIES REIT 5.03 2.31 0.00 21.71 BBB N/A 116.18 109.38 CRT-UN-T CT REAL ESTATE INVESTMENT TR 5.00 3.65 3.87 31.01 BBB N/A 216.91 55.68 CPX-T CAPITAL POWER CORP 4.93 7.02 6.77 64.28 BBB- N/A 250.00 26.83 GWO-T GREAT-WEST LIFECO INC 4.81 5.45 2.94 65.66 A+ N/A 55.23 41.53 MFC-T MANULIFE FINANCIAL CORP 4.73 9.54 5.66 38.82 A N/A 38.05 8.72 SPB-T SUPERIOR PLUS CORP 4.66 0.00 0.00 49.52 BB- N/A 168.31 183.24 RUS-T RUSSEL METALS INC 4.64 0.00 0.00 99.96 BB Ba2 385.71 26.70 POW-T POWER CORP OF CANADA 4.64 7.13 4.99 75.00 A+ N/A 58.13 10.84 BNS-T BANK OF NOVA SCOTIA 4.62 4.86 0.00 51.62 A+ N/A 66.29 12.43 T-T TELUS CORP 4.55 6.92 6.48 30.39 BBB+ Baa1 125.93 27.07 AQN-T ALGONQUIN POWER & UTILITIES 4.53 9.09 3.90 14.11 BBB N/A 44.49 32.49 EMA-T EMERA INC 4.45 6.71 4.12 13.35 BBB Baa3 64.93 20.05 REI-UN-T RIOCAN REAL ESTATE INVST TR 4.27 -3.17 -16.67 63.51 BBB N/A N/A N/A CNQ-T CANADIAN NATURAL RESOURCES 4.26 14.24 11.88 111.68 BBB- Baa2 N/A 32.57 CM-T CAN IMPERIAL BK OF COMMERCE 4.16 4.62 0.69 63.73 A+ N/A 70.67 11.21 ACO-X-T ATCO LTD -CLASS I 4.09 10.66 5.18 14.47 A- N/A 79.02 24.31 CJR-B-T CORUS ENTERTAINMENT INC-B SH 4.06 -26.77 0.00 146.32 BB N/A N/A 6.36 TCL-A-T TRANSCONTINENTAL INC-CL A 3.89 4.86 1.12 63.20 BBB- N/A 59.19 11.21 LB-T LAURENTIAN BANK OF CANADA 3.78 -7.16 -33.33 61.01 BBB N/A 90.17 10.02 ALA-T ALTAGAS LTD 3.78 -12.93 2.41 78.49 BBB- N/A 55.14 19.73 AP-UN-T ALLIED PROPERTIES REAL ESTAT 3.77 2.47 3.22 14.39 N/A Baa2 41.02 22.66 TD-T TORONTO-DOMINION BANK 3.77 8.31 3.27 48.70 AA- N/A 48.28 10.68 FTS-T FORTIS INC 3.61 6.34 5.84 13.13 A- Baa3 75.68 20.82 BIP-UN-T BROOKFIELD INFRASTRUCTURE PA 3.54 5.32 -7.33 34.69 BBB+ N/A 410.70 52.90 SLF-T SUN LIFE FINANCIAL INC 3.53 7.05 1.15 32.18 A+ Baa1 (hyb) 53.54 13.10 GRT-UN-T GRANITE REAL ESTATE INVESTME 3.51 4.74 3.53 24.16 N/A (P)Baa2 38.32 37.20 H-T HYDRO ONE LTD 3.50 13.31 5.01 20.94 A- N/A 33.84 10.05 RY-T ROYAL BANK OF CANADA 3.43 6.45 2.86 43.72 AA- N/A 54.74 12.77 BMO-T BANK OF MONTREAL 3.39 5.01 1.44 84.96 A+ N/A 56.14 12.49 SJR-B-T SHAW COMMUNICATIONS INC-B 3.30 0.00 0.00 71.12 BBB- Baa2 *- 89.88 19.84 QSR-T RESTAURANT BRANDS INTERN 3.27 30.18 -2.88 11.63 BB N/A 129.25 34.42 CIX-T CI FINANCIAL CORP 3.21 -11.55 0.00 30.81 BBB N/A 32.63 8.60 INE-T INNERGEX RENEWABLE ENERGY 3.20 2.71 1.41 20.53 BB+ N/A N/A N/A PKI-T PARKLAND CORP 3.20 2.15 1.70 21.77 BB Ba2 224.39 22.84 NA-T NATIONAL BANK OF CANADA 3.09 5.72 1.07 58.66 A N/A 49.55 11.74 BEP-UN-T BROOKFIELD RENEWABLE PARTNER 3.07 -0.25 -20.64 37.04 BBB+ N/A N/A N/A NTR-T NUTRIEN LTD 3.06 N/A -4.42 82.14 BBB Baa2 223.39 32.64 IMO-T IMPERIAL OIL LTD 3.03 10.29 5.68 81.12 AA- N/A N/A N/A RCI-B-T ROGERS COMMUNICATIONS INC-B 2.99 0.82 0.00 30.51 BBB+ *- Baa1 *- 63.44 19.45 IAG-T IA FINANCIAL CORP INC 2.94 9.72 3.74 60.56 A N/A 33.99 N/A SU-T SUNCOR ENERGY INC 2.91 -6.25 -44.55 39.79 BBB+ Baa1 N/A 68.85 NPI-T NORTHLAND POWER INC 2.79 2.13 0.00 29.24 BBB N/A 62.34 43.68 ITP-T INTERTAPE POLYMER GROUP INC 2.73 2.70 -2.40 142.64 BB- Ba2 48.69 17.16 FTT-T FINNING INTERNATIONAL INC 2.55 2.35 0.00 77.58 BBB+ N/A 57.01 25.71 YRI-T YAMANA GOLD INC 2.53 18.19 87.62 -30.87 BB+ Baa3 26.03 15.96 CTC-A-T CANADIAN TIRE CORP-CLASS A 2.45 16.02 6.32 70.22 BBB N/A 9.52 12.33 FCR-UN-T FIRST CAPITAL REAL ESTATE IN 2.41 -5.56 -24.88 41.66 BBB- Baa3 7017.98 23.22 IPL-T INTER PIPELINE LTD 2.39 -20.69 -65.78 75.80 BBB- N/A 93.51 23.43 FFH-T FAIRFAX FINANCIAL HLDGS LTD 2.31 -2.74 -2.99 40.02 BBB- Baa3 151.65 55.30 AEM-T AGNICO EAGLE MINES LTD 2.23 30.11 68.29 -14.10 NR Baa2 44.72 23.30 CCA-T COGECO COMMUNICATIONS INC 2.15 10.46 10.38 27.14 BB+ N/A 29.99 14.48 CAS-T CASCADES INC 2.05 14.87 0.00 6.74 BB- Ba2 15.50 7.39 IFC-T INTACT FINANCIAL CORP 1.95 8.38 4.40 33.42 N/A Baa1 46.12 18.80 SAP-T SAPUTO INC 1.87 5.33 2.94 21.46 N/A Baa1 45.54 24.08 MG-T MAGNA INTERNATIONAL INC 1.87 11.18 2.30 87.86 A- A3 61.69 17.67 CNR-T CANADIAN NATL RAILWAY CO 1.86 11.60 6.97 11.24 A *- A2 *- 45.93 23.98 K-T KINROSS GOLD CORP 1.86 N/A N/A -24.10 BBB- Baa3 0.00 8.91 WN-T WESTON (GEORGE) LTD 1.85 4.87 3.57 21.31 BBB N/A 35.47 20.21 EFN-T ELEMENT FLEET MANAGEMENT COR 1.81 26.19 33.33 52.70 BBB N/A 35.79 19.62 L-T LOBLAW COMPANIES LTD 1.71 5.50 4.76 19.52 BBB N/A 41.33 22.26 ABX-T BARRICK GOLD CORP 1.67 42.08 98.55 -29.26 BBB Baa1 25.25 15.92 GSY-T GOEASY LTD 1.66 37.60 46.05 208.62 BB- Ba3 17.51 11.81 MRU-T METRO INC/CN 1.65 13.10 11.76 8.84 BBB N/A 27.74 18.39 TRI-T THOMSON REUTERS CORP 1.56 0.25 0.12 38.50 BBB Baa2 65.83 8.61 OTEX-T OPEN TEXT CORP 1.52 12.34 5.03 10.97 BB+ Ba1 80.76 63.73 TA-T TRANSALTA CORP 1.47 -16.84 6.06 56.41 BB+ Ba1 N/A N/A PRMW-T PRIMO WATER CORP 1.44 -0.81 -5.24 12.53 B B1 N/A 91.57 RBA-T RITCHIE BROS AUCTIONEERS 1.43 5.50 4.61 33.96 BB+ Ba2 54.12 35.33 CCL-B-T CCL INDUSTRIES INC - CL B 1.23 17.38 11.43 60.32 BBB Baa2 24.29 21.44 WFG-T WEST FRASER TIMBER CO LTD 1.06 24.87 6.25 87.89 BBB- Baa3 7.09 4.89 BAM-A-T BROOKFIELD ASSET MANAGE-CL A 1.00 7.44 3.97 45.74 A- Baa1 N/A 157.99 CP-T CANADIAN PACIFIC RAILWAY LTD 0.83 19.64 14.46 32.41 BBB+ N/A 19.60 25.72 ATD-B-T ALIMENTATION COUCHE-TARD -B 0.77 22.10 25.47 1.33 BBB Baa2 13.58 15.04 TECK-B-T TECK RESOURCES LTD-CLS B 0.72 14.87 0.00 92.22 BBB- Baa3 N/A 38.35 WCN-T WASTE CONNECTIONS INC 0.65 3.53 5.95 17.02 BBB+ Baa2 97.66 52.35 CVE-T CENOVUS ENERGY INC 0.62 -39.16 -80.00 91.59 BBB- Baa3 N/A N/A MX-T METHANEX CORP 0.46 -33.53 -87.39 65.19 BB Ba1 N/A N/A DOL-T DOLLARAMA INC 0.35 8.63 8.86 24.18 BBB N/A 9.85 30.16 CCO-T CAMECO CORP 0.35 -27.52 0.00 58.37 BBB- N/A N/A N/A SNC-T SNC-LAVALIN GROUP INC 0.25 -39.90 0.00 47.46 BB+ N/A N/A N/A HBM-T HUDBAY MINERALS INC 0.24 0.00 0.00 84.91 B B2 N/A N/A GFL-T GFL ENVIRONMENTAL INC-SUB VT 0.14 N/A 279.49 55.86 B+ B1 N/A N/A FM-T FIRST QUANTUM MINERALS LTD 0.04 -25.30 0.00 123.50 B N/A N/A N/A
Source: Bloomberg
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Scott Barlow