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 10:00 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 6.41 10.04 4.64 52.89 BBB+ Baa1 219.40 22.16 PPL-T PEMBINA PIPELINE CORP 6.13 6.01 0.80 57.73 BBB N-A N-A 19.18 KEY-T KEYERA CORP 6.02 4.75 0.00 80.67 BBB- N-A 682.71 23.87 GEI-T GIBSON ENERGY INC 5.63 1.19 2.96 34.92 BBB- Ba2 163.77 37.91 BCE-T BCE INC 5.50 5.09 5.09 25.98 BBB+ Baa2 132.54 20.03 CPX-T CAPITAL POWER CORP 5.40 7.02 6.79 45.71 BBB- N-A 250.00 29.23 SPB-T SUPERIOR PLUS CORP 5.29 0.00 0.00 20.96 BB- N-A 168.31 N-A TRP-T TC ENERGY CORP 5.18 9.08 7.55 35.90 BBB+ Baa2 68.32 15.18 SU-T SUNCOR ENERGY INC 5.16 -6.25 -35.63 123.91 BBB+ Baa1 N-A 16.68 CHP-UN-T CHOICE PROPERTIES REIT 4.96 1.71 0.00 30.88 BBB N-A 116.18 N-A CU-T CANADIAN UTILITIES LTD-A 4.93 6.68 1.50 20.83 A- N-A 131.95 21.55 AQN-T ALGONQUIN POWER & UTILITIES 4.84 8.85 2.28 -7.63 BBB N-A 44.49 25.72 GWO-T GREAT-WEST LIFECO INC 4.77 5.13 1.45 42.52 A+ N-A 55.23 10.20 CRT-UN-T CT REAL ESTATE INVESTMENT TR 4.71 3.81 3.72 35.83 BBB N-A 216.91 37.74 RUS-T RUSSEL METALS INC 4.69 0.00 0.00 93.03 BB Ba2 385.71 10.67 TCL-A-T TRANSCONTINENTAL INC-CL A 4.62 4.42 0.56 28.68 BBB- N-A 59.19 9.80 EMA-T EMERA INC 4.61 5.24 5.10 13.12 BBB Baa3 64.93 19.78 IGM-T IGM FINANCIAL INC 4.57 0.00 0.00 77.81 A N-A 70.14 13.96 MFC-T MANULIFE FINANCIAL CORP 4.57 9.09 2.75 42.07 A N-A 38.05 6.63 T-T TELUS CORP 4.46 6.87 7.71 30.48 BBB+ Baa1 125.93 27.13 BNS-T BANK OF NOVA SCOTIA 4.37 4.56 0.00 55.97 A+ N-A 66.29 11.42 ACO/X-T ATCO LTD -CLASS I 4.31 10.06 4.08 17.25 A- N-A 79.02 46.74 POW-T POWER CORP OF CANADA 4.30 6.73 2.43 72.53 A+ N-A 58.13 9.99 REI-UN-T RIOCAN REAL ESTATE INVST TR 4.29 -5.91 -27.78 63.97 BBB N-A N-A 14.22 CJR-B-T CORUS ENTERTAINMENT INC-B SH 4.27 -26.77 0.00 66.83 BB N-A 28.99 6.43 AP-UN-T ALLIED PROPERTIES REAL ESTAT 3.95 2.48 3.11 38.64 N-A Baa2 41.02 15.03 FTS-T FORTIS INC 3.89 6.13 5.76 8.36 A- Baa3 75.68 20.89 CM-T CAN IMPERIAL BK OF COMMERCE 3.87 4.22 0.34 58.63 A+ N-A 70.67 10.97 ALA-T ALTAGAS LTD 3.84 -13.10 3.78 60.99 BBB- N-A 55.14 17.82 LB-T LAURENTIAN BANK OF CANADA 3.79 -7.48 -25.23 67.72 BBB N-A 90.17 9.23 QSR-T RESTAURANT BRANDS INTERN 3.73 28.37 -3.95 4.99 BB N-A 129.25 19.27 H-T HYDRO ONE LTD 3.60 6.47 5.01 5.23 A- N-A 33.84 18.61 CNQ-T CANADIAN NATURAL RESOURCES 3.58 14.81 11.21 159.49 BBB- Baa2 N-A 19.00 TD-T TORONTO-DOMINION BANK 3.51 7.91 1.61 59.05 AA- N-A 48.28 10.52 INE-T INNERGEX RENEWABLE ENERGY 3.51 2.54 0.70 -11.90 NR N-A N-A N-A BIP-UN-T BROOKFIELD INFRASTRUCTURE PA 3.48 4.89 -5.92 34.67 BBB+ N-A 410.70 33.35 RCI-B-T ROGERS COMMUNICATIONS INC-B 3.47 0.82 0.00 9.98 BBB+ *- Baa1 *- 63.44 16.22 PKI-T PARKLAND CORP 3.39 1.93 1.69 15.48 BB Ba2 224.39 27.57 SJR-B-T SHAW COMMUNICATIONS INC-B 3.31 0.00 0.00 69.86 BBB- Baa2 *- 89.88 16.75 RY-T ROYAL BANK OF CANADA 3.30 5.92 0.70 45.68 AA- N-A 54.74 12.33 CAS-T CASCADES INC 3.30 17.61 12.50 5.10 BB- Ba2 15.50 10.35 SLF-T SUN LIFE FINANCIAL INC 3.11 6.71 0.00 38.16 A+ WR (hyb) 53.54 13.12 BEP-UN-T BROOKFIELD RENEWABLE PARTNER 3.10 -0.47 -17.03 5.60 BBB+ N-A N-A N-A BMO-T BANK OF MONTREAL 3.08 4.51 0.71 79.75 A+ N-A 56.14 11.84 ITP-T INTERTAPE POLYMER GROUP INC 3.05 2.87 0.34 91.52 BB- Ba2 48.69 15.09 GRT-UN-T GRANITE REAL ESTATE INVESTME 3.02 4.58 3.35 37.87 N-A (P)Baa2 38.32 58.58 NPI-T NORTHLAND POWER INC 2.99 2.13 0.00 -4.19 BBB N-A 62.34 50.40 YRI-T YAMANA GOLD INC 2.98 28.02 81.68 -31.13 BB+ Baa3 26.03 13.23 NA-T NATIONAL BANK OF CANADA 2.77 5.43 0.00 65.84 A N-A 49.55 12.03 NTR-T NUTRIEN LTD 2.70 N-A -5.45 65.37 BBB Baa2 223.39 28.12 CTC-A-T CANADIAN TIRE CORP-CLASS A 2.66 15.36 3.30 22.06 BBB N-A 9.52 9.08 IAG-T IA FINANCIAL CORP INC 2.61 9.36 1.84 64.97 A N-A 33.99 N-A AEM-T AGNICO EAGLE MINES LTD 2.60 31.42 70.08 -35.51 NR Baa2 44.72 20.83 IMO-T IMPERIAL OIL LTD 2.53 11.06 11.36 148.42 AA- N-A N-A 60.52 CIX-T CI FINANCIAL CORP 2.53 -11.81 0.00 90.27 BBB Baa2 32.63 10.09 FFH-T FAIRFAX FINANCIAL HLDGS LTD 2.51 -2.74 -2.99 47.79 BBB- Baa3 151.65 23.42 FCR-UN-T FIRST CAPITAL REAL ESTATE IN 2.43 -10.16 -41.47 54.96 BBB- Baa3 7017.98 7.89 FTT-T FINNING INTERNATIONAL INC 2.43 2.85 2.44 88.39 BBB+ N-A 57.01 21.04 SAP-T SAPUTO INC 2.37 4.90 2.92 -4.65 N-A Baa1 45.54 23.26 CCA-T COGECO COMMUNICATIONS INC 2.37 10.41 10.34 19.08 BB+ N-A 29.99 12.89 MG-T MAGNA INTERNATIONAL INC 2.17 10.89 1.35 52.12 A- A3 61.69 10.04 K-T KINROSS GOLD CORP 2.02 N-A 279.15 -28.02 BBB- Baa3 0.00 8.64 ABX-T BARRICK GOLD CORP 1.98 49.88 121.63 -33.71 BBB Baa1 25.25 13.85 IFC-T INTACT FINANCIAL CORP 1.98 7.90 2.15 24.70 N-A Baa1 46.12 15.03 EFN-T ELEMENT FLEET MANAGEMENT COR 1.92 21.06 44.44 9.99 BBB N-A 35.79 18.31 WN-T WESTON (GEORGE) LTD 1.79 5.40 7.14 46.59 N-A N-A 35.47 18.94 OTEX-T OPEN TEXT CORP 1.78 12.78 10.50 29.29 BB+ Ba1 68.16 43.81 MRU-T METRO INC/CN 1.60 12.30 11.11 2.17 BBB N-A 27.74 19.17 L-T LOBLAW COMPANIES LTD 1.56 6.08 8.73 43.51 BBB N-A 41.33 22.87 PRMW-T PRIMO WATER CORP 1.52 -0.86 -5.99 21.05 B B1 #N-A N-A 51.37 CNR-T CANADIAN NATL RAILWAY CO 1.50 10.98 6.96 26.41 A A2 45.93 29.10 RBA-T RITCHIE BROS AUCTIONEERS 1.49 5.69 4.48 6.05 BB+ *- Ba2 54.12 38.66 TA-T TRANSALTA CORP 1.45 -9.96 5.97 78.10 BB+ Ba1 N-A N-A TRI-T THOMSON REUTERS CORP 1.38 0.37 -0.47 45.37 BBB Baa2 65.83 8.82 GSY-T GOEASY LTD 1.35 38.61 46.39 188.26 BB- Ba3 17.51 15.40 CCL-B-T CCL INDUSTRIES INC - CL B 1.25 16.65 14.08 33.96 BBB Baa2 24.29 19.38 MX-T METHANEX CORP 1.10 -27.21 -72.30 46.22 BB Ba1 N-A 15.06 WFG-T WEST FRASER TIMBER CO LTD 1.00 26.30 12.50 63.07 BBB- Baa3 7.09 2.92 BAM-A-T BROOKFIELD ASSET MANAGE-CL A 0.86 7.31 2.48 97.24 A- Baa1 N-A 158.23 CP-T CANADIAN PACIFIC RAILWAY LTD 0.79 17.45 10.47 21.09 BBB+ N-A 19.60 19.83 ATD-B-T ALIMENTATION COUCHE-TARD -B 0.74 19.27 28.44 15.55 BBB Baa2 13.58 15.70 WCN-T WASTE CONNECTIONS INC 0.68 6.58 3.18 26.70 BBB+ Baa2 97.66 50.05 TECK-B-T TECK RESOURCES LTD-CLS B 0.57 14.87 0.00 102.07 BBB- Baa3 N-A 10.31 CVE-T CENOVUS ENERGY INC 0.48 -29.89 -70.00 233.68 BBB- N-A N-A 44.57 DOL-T DOLLARAMA INC 0.36 8.77 12.44 22.49 BBB N-A 9.85 29.27 HBM-T HUDBAY MINERALS INC 0.23 0.00 0.00 43.61 B B2 N-A N-A GFL-T GFL ENVIRONMENTAL INC-SUB VT 0.11 N-A 32.36 97.63 B+ B1 N-A N-A
Source: Bloomberg
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Scott Barlow