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 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 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 10 a.m. ET on Friday.
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 6.32 10.04 4.64 47.32 BBB+ Baa1 219.40 22.46 PPL-T PEMBINA PIPELINE CORP 5.90 6.09 1.20 57.68 BBB N-A N-A 19.94 GEI-T GIBSON ENERGY INC 5.89 1.19 2.96 15.70 BBB- Ba2 163.77 36.19 KEY-T KEYERA CORP 5.82 4.85 0.00 66.96 BBB- N-A 682.71 24.69 BCE-T BCE INC 5.47 5.09 5.09 19.50 BBB+ Baa2 132.54 20.11 TRP-T TC ENERGY CORP 5.31 9.08 7.55 20.18 BBB+ Baa2 68.32 14.81 SPB-T SUPERIOR PLUS CORP 5.19 0.00 0.00 19.62 BB- N-A 168.31 N-A CPX-T CAPITAL POWER CORP 5.06 7.02 6.79 50.63 BBB- N-A 250.00 26.33 CU-T CANADIAN UTILITIES LTD-A 5.03 6.68 1.50 8.68 A- N-A 131.95 22.17 CHP-UN-T CHOICE PROPERTIES REIT 4.98 1.86 0.00 23.62 BBB N-A 116.18 N-A IGM-T IGM FINANCIAL INC 4.86 0.00 0.00 51.05 A N-A 70.14 13.13 CRT-UN-T CT REAL ESTATE INVESTMENT TR 4.80 3.78 3.84 29.66 BBB N-A 216.91 37.06 RUS-T RUSSEL METALS INC 4.64 0.00 0.00 81.33 BB Ba2 385.71 10.79 AQN-T ALGONQUIN POWER & UTILITIES 4.63 8.85 2.28 -5.42 BBB N-A 44.49 26.92 TCL-A-T TRANSCONTINENTAL INC-CL A 4.56 4.42 0.56 26.08 BBB- N-A 59.19 9.93 GWO-T GREAT-WEST LIFECO INC 4.55 5.13 1.45 46.94 A+ N-A 55.23 10.69 BNS-T BANK OF NOVA SCOTIA 4.52 4.56 0.00 48.68 A+ N-A 66.29 11.03 T-T TELUS CORP 4.52 6.87 7.71 21.34 BBB+ Baa1 125.93 26.75 EMA-T EMERA INC 4.51 5.54 4.08 9.77 BBB Baa3 64.93 20.22 MFC-T MANULIFE FINANCIAL CORP 4.46 9.09 2.75 40.55 A N-A 38.05 6.79 ACO-X-T ATCO LTD -CLASS I 4.36 10.06 4.08 9.97 A- N-A 79.02 55.08 REI-UN-T RIOCAN REAL ESTATE INVST TR 4.24 -5.19 -25.00 62.73 BBB N-A N-A 14.38 POW-T POWER CORP OF CANADA 4.20 6.73 2.43 66.53 A+ N-A 58.13 10.23 CJR-B-T CORUS ENTERTAINMENT INC-B SH 4.19 -26.77 0.00 103.66 BB N-A N-A 6.16 AP-UN-T ALLIED PROPERTIES REAL ESTAT 4.13 2.48 3.13 22.97 N-A Baa2 41.02 19.97 CM-T CAN IMPERIAL BK OF COMMERCE 3.97 4.22 0.34 53.17 A+ N-A 70.67 10.72 LB-T LAURENTIAN BANK OF CANADA 3.93 -7.48 -25.23 59.19 BBB N-A 90.17 8.91 ALA-T ALTAGAS LTD 3.83 -13.07 3.44 66.33 BBB- N-A 55.14 18.06 FTS-T FORTIS INC 3.78 6.13 5.76 8.01 A- Baa3 75.68 21.39 TD-T TORONTO-DOMINION BANK 3.65 7.91 1.61 48.42 AA- N-A 48.28 10.11 BIP-UN-T BROOKFIELD INFRASTRUCTURE PA 3.62 4.89 -5.92 20.60 BBB+ N-A 410.70 32.07 CNQ-T CANADIAN NATURAL RESOURCES 3.60 14.81 11.21 130.92 BBB- Baa2 N-A 18.91 QSR-T RESTAURANT BRANDS INTERN 3.57 28.37 -3.95 1.81 BB N-A 129.25 26.14 H-T HYDRO ONE LTD 3.49 6.47 5.01 6.06 A- N-A 33.84 19.17 INE-T INNERGEX RENEWABLE ENERGY 3.41 2.54 0.70 -16.50 BB+ N-A N-A N-A RCI-B-T ROGERS COMMUNICATIONS INC-B 3.33 0.82 0.00 14.72 BBB+ *- Baa1 *- 63.44 16.68 RY-T ROYAL BANK OF CANADA 3.31 6.19 1.41 39.98 AA- N-A 54.74 12.30 BEP-UN-T BROOKFIELD RENEWABLE PARTNER 3.27 -0.47 -17.03 1.62 BBB+ N-A N-A N-A PKI-T PARKLAND CORP 3.26 1.99 1.69 5.53 BB Ba2 224.39 28.73 SJR-B-T SHAW COMMUNICATIONS INC-B 3.25 0.00 0.00 63.41 BBB- Baa2 *- 89.88 20.13 BMO-T BANK OF MONTREAL 3.22 4.76 0.71 69.61 A+ N-A 56.14 11.35 SLF-T SUN LIFE FINANCIAL INC 3.18 6.71 0.00 31.03 A+ WR (hyb) 53.54 12.82 GRT-UN-T GRANITE REAL ESTATE INVESTME 3.17 4.62 3.40 28.75 N-A (P)Baa2 38.32 55.90 CAS-T CASCADES INC 3.06 17.61 12.50 0.20 BB- Ba2 15.50 11.16 ITP-T INTERTAPE POLYMER GROUP INC 3.03 2.87 0.34 90.23 BB- Ba2 48.69 15.20 NPI-T NORTHLAND POWER INC 2.95 2.13 0.00 -3.86 BBB N-A 62.34 51.16 YRI-T YAMANA GOLD INC 2.85 28.02 81.68 -31.19 BB+ Baa3 26.03 14.08 SU-T SUNCOR ENERGY INC 2.85 -6.25 -35.63 89.97 BBB+ Baa1 N-A 21.11 NA-T NATIONAL BANK OF CANADA 2.80 5.43 0.00 57.05 A N-A 49.55 11.87 FTT-T FINNING INTERNATIONAL INC 2.70 2.85 2.44 53.05 BBB+ N-A 57.01 18.88 CIX-T CI FINANCIAL CORP 2.70 -11.75 0.00 56.22 BBB Baa2 32.63 9.45 IAG-T IA FINANCIAL CORP INC 2.65 9.36 1.84 64.48 A N-A 33.99 N-A NTR-T NUTRIEN LTD 2.63 N-A -5.45 72.39 BBB Baa2 223.39 28.79 CTC-A-T CANADIAN TIRE CORP-CLASS A 2.58 15.69 4.78 30.12 BBB N-A 9.52 9.35 AEM-T AGNICO EAGLE MINES LTD 2.51 31.42 70.08 -34.28 NR Baa2 44.72 19.33 IMO-T IMPERIAL OIL LTD 2.50 11.06 11.36 169.89 AA- N-A N-A N-A FFH-T FAIRFAX FINANCIAL HLDGS LTD 2.44 -2.74 -2.99 38.39 BBB- Baa3 151.65 24.16 FCR-UN-T FIRST CAPITAL REAL ESTATE IN 2.39 -8.92 -37.33 43.93 BBB- Baa3 7017.98 8.04 CCA-T COGECO COMMUNICATIONS INC 2.38 10.41 10.34 4.95 BB+ N-A 29.99 12.87 SAP-T SAPUTO INC 2.32 4.90 2.92 -10.15 N-A Baa1 45.54 23.79 MG-T MAGNA INTERNATIONAL INC 2.07 10.89 1.35 56.67 A- A3 61.69 10.58 K-T KINROSS GOLD CORP 2.02 N-A 279.15 -37.18 BBB- Baa3 0.00 8.67 IFC-T INTACT FINANCIAL CORP 1.99 7.90 2.15 18.43 N-A Baa1 46.12 14.89 EFN-T ELEMENT FLEET MANAGEMENT COR 1.92 21.06 44.44 19.19 BBB N-A 35.79 18.28 ABX-T BARRICK GOLD CORP 1.92 49.88 121.63 -33.66 BBB Baa1 25.25 14.29 OTEX-T OPEN TEXT CORP 1.79 12.78 10.50 15.01 BB+ Ba1 68.16 43.78 WN-T WESTON (GEORGE) LTD 1.76 5.40 7.14 42.92 N-A N-A 35.47 19.26 CNR-T CANADIAN NATL RAILWAY CO 1.63 10.98 6.96 4.19 A A2 45.93 27.46 MRU-T METRO INC/CN 1.62 12.68 11.43 -1.76 BBB N-A 27.74 18.92 L-T LOBLAW COMPANIES LTD 1.60 6.08 8.73 34.00 BBB N-A 41.33 22.37 RBA-T RITCHIE BROS AUCTIONEERS 1.53 5.69 4.48 -0.76 BB+ *- Ba2 54.12 37.66 PRMW-T PRIMO WATER CORP 1.51 -0.86 -5.99 9.55 B B1 N-A 51.89 TA-T TRANSALTA CORP 1.44 -9.96 5.97 63.55 BB+ Ba1 N-A N-A TRI-T THOMSON REUTERS CORP 1.42 0.37 -0.47 34.17 BBB Baa2 65.83 8.62 GSY-T GOEASY LTD 1.41 38.61 46.39 169.53 BB- Ba3 17.51 14.71 CCL-B-T CCL INDUSTRIES INC - CL B 1.25 16.65 14.08 30.99 BBB Baa2 24.29 19.33 MX-T METHANEX CORP 1.02 -27.21 -72.30 68.46 BB Ba1 N-A 50.15 BAM-A-T BROOKFIELD ASSET MANAGE-CL A 0.90 7.31 2.48 65.82 A- Baa1 N-A 149.96 WFG-T WEST FRASER TIMBER CO LTD 0.89 26.30 12.50 85.65 BBB- Baa3 7.09 3.35 CP-T CANADIAN PACIFIC RAILWAY LTD 0.85 17.45 10.47 4.47 BBB+ N-A 19.60 18.68 ATD-B-T ALIMENTATION COUCHE-TARD -B 0.74 19.27 28.44 7.76 BBB Baa2 13.58 15.90 WCN-T WASTE CONNECTIONS INC 0.64 6.58 3.18 18.68 BBB+ Baa2 97.66 52.37 TECK-B-T TECK RESOURCES LTD-CLS B 0.56 14.87 0.00 100.24 BBB- Baa3 N-A 23.66 CVE-T CENOVUS ENERGY INC 0.47 -29.89 -70.00 193.09 BBB- N-A N-A 45.53 DOL-T DOLLARAMA INC 0.36 8.77 12.44 9.32 BBB N-A 9.85 29.57 HBM-T HUDBAY MINERALS INC 0.22 0.00 0.00 50.78 B B2 N-A N-A GFL-T GFL ENVIRONMENTAL INC-SUB VT 0.11 N-A 95.38 64.52 B+ B1 N-A N-A
Source: Bloomberg
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Scott Barlow