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 are helpful and credible, but recognize they are not sufficient grounds for actual market transactions on their own.
Investors should verify the data provided and investigate all cases where “N/As” 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 owing to differences in time frame used or method of calculation for after-tax income.
Data is as of 12:35 p.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 KEY-T KEYERA CORP 6.37 4.34 0.00 16.89 BBB- N-A 130.89 16.64 SPB-T SUPERIOR PLUS CORP 6.24 0.00 0.00 -13.64 BB- N-A N-A N-A ENB-T ENBRIDGE INC 6.07 9.14 3.06 33.14 BBB+ Baa1 116.18 20.07 GEI-T GIBSON ENERGY INC 5.87 1.18 2.94 18.12 BBB- Ba2 141.43 25.74 CPX-T CAPITAL POWER CORP 5.40 7.02 6.80 20.05 BBB- N-A 505.52 23.90 PPL-T PEMBINA PIPELINE CORP 5.37 5.67 0.00 30.96 BBB N-A 126.23 17.75 GWO-T GREAT-WEST LIFECO INC 5.33 5.73 5.94 16.98 A+ N-A 55.23 20.25 BCE-T BCE INC 5.24 5.09 5.11 29.20 BBB+ Baa2 117.09 21.89 MFC-T MANULIFE FINANCIAL CORP 5.20 9.93 8.93 -1.67 A N-A 32.98 13.28 TRP-T TC ENERGY CORP 5.09 9.02 7.41 28.25 BBB+ Baa2 187.82 16.17 TCL-A-T TRANSCONTINENTAL INC-CL A 4.98 3.99 0.00 -23.40 BBB- N-A 59.95 N-A IGM-T IGM FINANCIAL INC 4.96 0.00 0.00 22.71 A N-A 54.89 11.12 CU-T CANADIAN UTILITIES LTD-A 4.85 5.77 1.01 20.04 BBB+ N-A 144.73 23.14 RUS-T RUSSEL METALS INC 4.81 0.00 0.00 27.02 BB+ Ba2 22.07 4.56 CRT-UN-T CT REAL ESTATE INVESTMENT TR 4.81 3.92 4.22 13.69 BBB N-A 91.62 26.74 CJR-B-T CORUS ENTERTAINMENT INC-B SH 4.72 -26.77 0.00 -9.33 BB N-A 28.98 5.94 CHP-UN-T CHOICE PROPERTIES REIT 4.69 1.21 0.00 24.56 BBB N-A 2325.65 N-A POW-T POWER CORP OF CANADA 4.59 6.52 2.65 25.90 A+ N-A 58.13 8.24 AQN-T ALGONQUIN POWER & UTILITIES 4.52 8.96 3.00 1.24 BBB N-A 165.34 34.84 ACO-X-T ATCO LTD -CLASS I 4.37 8.85 3.00 10.92 BBB+ N-A 83.22 27.76 EMA-T EMERA INC 4.36 4.95 4.00 20.29 BBB Baa3 128.82 15.42 BNS-T BANK OF NOVA SCOTIA 4.34 4.85 2.78 21.64 A+ N-A 46.54 11.31 LB-T LAURENTIAN BANK OF CANADA 4.12 -7.26 -12.30 10.95 BBB N-A 154.91 8.75 SU-T SUNCOR ENERGY INC 4.11 1.15 50.00 47.38 BBB+ Baa1 37.96 15.26 CM-T CAN IMPERIAL BK OF COMMERCE 4.04 4.36 2.57 34.24 A+ N-A 41.81 10.59 REI-UN-T RIOCAN REAL ESTATE INVST TR 4.00 -7.30 -29.04 38.59 BBB N-A 50.83 15.60 T-T TELUS CORP 3.92 6.49 6.83 31.50 BBB+ Baa1 103.37 31.26 CNQ-T CANADIAN NATURAL RESOURCES 3.89 16.27 17.50 100.34 BBB- Baa2 11.56 13.58 SLF-T SUN LIFE FINANCIAL INC 3.88 7.96 10.00 9.14 A+ WR (hyb) 34.41 10.39 QSR-T RESTAURANT BRANDS INTERN 3.78 25.32 -3.48 -5.45 BB N-A 78.42 17.71 AP-UN-T ALLIED PROPERTIES REAL ESTAT 3.72 2.54 3.03 19.90 N-A Baa2 48.86 26.60 CAS-T CASCADES INC 3.70 22.42 37.50 -25.21 BB- Ba2 N-A N-A ALA-T ALTAGAS LTD 3.67 -14.88 -5.53 43.85 BBB- N-A 122.17 33.32 TD-T TORONTO-DOMINION BANK 3.62 8.18 3.16 25.69 AA- N-A 40.86 12.25 BMO-T BANK OF MONTREAL 3.61 5.57 6.37 39.15 A+ N-A 36.56 11.01 CIX-T CI FINANCIAL CORP 3.58 -12.07 0.00 10.95 BBB Baa2 32.63 8.25 BIP-UN-T BROOKFIELD INFRASTRUCTURE PA 3.58 4.37 1.06 20.90 BBB+ N-A 108.86 36.46 NA-T NATIONAL BANK OF CANADA 3.55 6.40 5.63 17.07 A N-A 31.36 10.33 FTS-T FORTIS INC 3.54 6.06 5.85 20.37 A- Baa3 79.85 23.37 RY-T ROYAL BANK OF CANADA 3.45 6.24 2.78 24.05 AA- N-A 39.02 12.38 IAG-T IA FINANCIAL CORP INC 3.37 11.13 14.43 11.31 A N-A 26.99 N-A H-T HYDRO ONE LTD 3.26 4.61 5.01 17.45 A- N-A 65.18 20.29 GRT-UN-T GRANITE REAL ESTATE INVESTME 3.22 4.07 3.31 30.90 N-A (P)Baa2 14.71 462.16 BEP-UN-T BROOKFIELD RENEWABLE PARTNER 3.10 -0.42 -5.37 5.55 BBB+ N-A N-A N-A MG-T MAGNA INTERNATIONAL INC 3.10 10.01 1.69 -33.65 A- A3 33.95 10.68 SJR-B-T SHAW COMMUNICATIONS INC-B 3.07 0.00 0.00 67.34 BBB- Baa2 *- 61.07 18.88 RCI-B-T ROGERS COMMUNICATIONS INC-B 2.92 0.82 0.00 19.74 BBB+ *- N-A 64.83 19.42 CTC-A-T CANADIAN TIRE CORP-CLASS A 2.91 15.23 5.18 5.40 BBB N-A 26.67 9.50 NPI-T NORTHLAND POWER INC 2.89 2.13 0.00 -1.84 BBB N-A 147.81 61.42 GSY-T GOEASY LTD 2.83 39.48 46.67 1.81 BB- Ba3 24.90 8.66 CCA-T COGECO COMMUNICATIONS INC 2.73 10.40 10.25 -9.35 BB+ N-A 30.22 11.66 AEM-T AGNICO EAGLE MINES LTD 2.63 29.49 26.62 7.95 NR Baa2 65.08 27.36 EFN-T ELEMENT FLEET MANAGEMENT COR 2.51 22.20 36.25 -9.97 BBB N-A 35.21 16.25 FTT-T FINNING INTERNATIONAL INC 2.39 3.81 7.32 15.45 BBB+ N-A 9.96 17.17 IMO-T IMPERIAL OIL LTD 2.37 13.90 30.68 83.85 AA- N-A 29.41 16.68 FCR-UN-T FIRST CAPITAL REAL ESTATE IN 2.34 -12.86 -45.22 15.32 BBB- Baa3 20.57 15.63 SAP-T SAPUTO INC 2.30 4.10 3.62 -16.30 N-A Baa1 45.54 34.41 ITP-T INTERTAPE POLYMER GROUP INC 2.21 3.15 1.72 53.16 BB- *- Ba2 *- 56.98 21.55 YRI-T YAMANA GOLD INC 2.17 40.20 48.02 29.95 BB+ Baa3 71.05 23.42 IFC-T INTACT FINANCIAL CORP 2.16 7.94 2.41 22.70 N-A Baa1 27.42 15.05 K-T KINROSS GOLD CORP 2.14 N-A 29.47 -13.51 BBB- Baa3 0.00 17.80 FFH-T FAIRFAX FINANCIAL HLDGS LTD 2.10 -0.88 -1.30 14.23 BBB- Baa3 7.73 19.97 OTEX-T OPEN TEXT CORP 2.07 12.30 10.38 -8.21 BB+ Ba1 68.16 22.84 PRMW-T PRIMO WATER CORP 2.05 -0.23 0.03 -15.51 B B1 N-A 57.75 NTR-T NUTRIEN LTD 1.91 N-A -4.38 80.83 BBB Baa2 33.24 17.26 CNR-T CANADIAN NATL RAILWAY CO 1.80 10.89 10.15 14.31 A A2 35.63 27.39 RBA-T RITCHIE BROS AUCTIONEERS 1.73 6.51 7.28 3.70 BB+ *- Ba2 70.46 35.67 TRI-T THOMSON REUTERS CORP 1.70 1.09 2.01 23.64 BBB Baa2 14.06 9.31 CCL-B-T CCL INDUSTRIES INC - CL B 1.66 16.00 16.67 -16.67 BBB Baa2 25.20 17.47 ABX-T BARRICK GOLD CORP 1.64 53.00 129.16 27.01 BBB Baa1 32.55 21.73 TA-T TRANSALTA CORP 1.59 3.50 10.14 14.81 BB+ Ba1 N-A N-A MRU-T METRO INC/CN 1.53 11.97 10.81 32.28 BBB N-A 29.91 21.18 L-T LOBLAW COMPANIES LTD 1.28 6.33 9.38 76.15 BBB N-A 25.34 20.96 WFG-T WEST FRASER TIMBER CO LTD 1.06 27.84 19.51 46.80 BBB- Baa3 2.88 3.56 BAM-A-T BROOKFIELD ASSET MANAGE-CL A 1.04 7.47 3.77 29.47 A- Baa1 22.54 N-A MX-T METHANEX CORP 0.96 -22.26 -37.04 23.93 BB Ba1 5.11 8.82 TECK-B-T TECK RESOURCES LTD-CLS B 0.94 14.87 0.00 88.64 BBB- Baa3 3.71 9.85 ATD-B-T ALIMENTATION COUCHE-TARD -B 0.89 18.98 25.21 N-A BBB Baa2 13.58 N-A CP-T CANADIAN PACIFIC RAILWAY LTD 0.76 15.48 6.74 6.93 BBB+ N-A 18.11 20.29 WCN-T WASTE CONNECTIONS INC 0.68 12.56 5.12 34.43 BBB+ Baa2 35.63 47.70 CVE-T CENOVUS ENERGY INC 0.68 -15.24 40.00 95.69 BBB- N-A 29.98 24.73 CCO-T CAMECO CORP 0.34 -27.52 0.00 68.52 BBB- N-A N-A N-A DOL-T DOLLARAMA INC 0.29 8.58 12.40 39.28 BBB N-A 9.85 34.65 SNC-T SNC-LAVALIN GROUP INC 0.24 -40.13 0.00 23.77 BB+ N-A 14.02 45.44 HBM-T HUDBAY MINERALS INC 0.18 0.00 0.00 13.57 B B2 N-A N-A GFL-T GFL ENVIRONMENTAL INC-SUB VT 0.15 N-A 2.70 -13.38 B+ B1 N-A N-A FM-T FIRST QUANTUM MINERALS LTD 0.03 -7.79 0.00 37.40 B+ N-A 0.83 23.48
Source: Bloomberg
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Scott Barlow