The table below ranks all S&P/TSX Composite Index 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.
Data as of Thursday close.
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 AP-UN-T ALLIED PROPERTIES REAL ESTAT 8.02 2.78 2.89 -27.31 N-A Baa3 *- 142.41 N-A GEI-T GIBSON ENERGY INC 7.43 2.86 5.56 -10.83 BBB- Ba2 *+ 96.51 11.78 SPB-T SUPERIOR PLUS CORP 7.34 0.00 0.00 -7.03 BB- N-A N-A 159.00 ENB-T ENBRIDGE INC 7.23 6.41 3.10 -5.25 BBB+ Baa1 269.06 14.43 TRP-T TC ENERGY CORP 7.17 6.83 3.39 -18.35 BBB+ Baa2 560.84 7.69 TCL-A-T TRANSCONTINENTAL INC-CL A 6.77 1.88 0.00 -11.64 BBB- N-A 55.33 10.11 BCE-T BCE INC 6.65 5.09 5.15 -1.88 BBB+ Baa2 123.50 18.03 PPL-T PEMBINA PIPELINE CORP 6.50 4.19 4.76 -7.24 BBB N-A 49.53 12.26 BNS-T BANK OF NOVA SCOTIA 6.31 5.21 5.60 -5.05 A+ N-A 50.41 9.35 SES-T SECURE ENERGY SERVICES INC 6.13 3.12 925.00 18.32 B B1 20.61 9.16 KEY-T KEYERA CORP 6.01 2.71 0.00 8.15 BBB- N-A 129.66 15.59 CM-T CAN IMPERIAL BK OF COMMERCE 6.00 5.27 7.26 -1.88 A+ N-A 48.83 9.43 T-T TELUS CORP 5.98 6.74 7.24 -11.13 BBB Baa2 117.19 18.13 FCR-UN-T FIRST CAPITAL REAL ESTATE IN 5.92 -1.63 83.33 1.52 BBB- N-A N-A 65.06 CRT-UN-T CT REAL ESTATE INVESTMENT TR 5.79 3.97 3.41 1.65 BBB N-A 135.11 37.11 MFC-T MANULIFE FINANCIAL CORP 5.70 10.34 9.45 19.90 A N-A 35.73 2.66 POW-T POWER CORP OF CANADA 5.60 6.96 5.56 16.95 A+ N-A 69.41 14.03 CPX-T CAPITAL POWER CORP 5.59 6.80 5.94 -7.81 BBB- N-A 265.66 8.03 CHP-UN-T CHOICE PROPERTIES REIT 5.54 0.09 0.45 1.31 BBB N-A 71.93 7.69 SU-T SUNCOR ENERGY INC 5.42 8.34 33.55 -0.38 BBB Baa1 28.73 5.39 REI-UN-T RIOCAN REAL ESTATE INVST TR 5.42 -6.01 6.09 3.98 BBB N-A 131.00 15.06 IGM-T IGM FINANCIAL INC 5.40 0.00 0.00 21.86 A N-A 61.87 11.73 GWO-T GREAT-WEST LIFECO INC 5.23 5.96 5.87 37.46 A+ N-A 56.73 3.10 AQN-T ALGONQUIN POWER & UTILITIES 5.21 5.04 -11.16 -31.05 BBB N-A N-A 31.55 POU-T PARAMOUNT RESOURCES LTD -A 5.10 N-A 219.08 15.55 B+ Ba3 23.57 6.03 EMA-T EMERA INC 5.02 4.27 4.10 -2.51 BBB Baa3 75.03 12.60 BMO-T BANK OF MONTREAL 4.76 9.03 17.99 3.02 A+ N-A 27.31 11.38 BEP-UN-T BROOKFIELD RENEWABLE PARTNER 4.72 1.71 11.81 -14.31 BBB+ N-A N-A N-A CNQ-T CANADIAN NATURAL RESOURCES 4.72 32.06 91.59 25.61 BBB- Baa1 47.74 9.02 CCA-T COGECO COMMUNICATIONS INC 4.66 10.33 10.09 -18.93 BB+ N-A 30.80 6.83 ALA-T ALTAGAS LTD 4.53 -12.78 2.83 -5.74 BBB- N-A 74.69 15.72 TD-T TORONTO-DOMINION BANK 4.48 8.22 8.96 9.09 AA- N-A 37.52 10.01 BIP-UN-T BROOKFIELD INFRASTRUCTURE PA 4.43 5.39 12.51 -2.67 BBB+ N-A 653.13 72.85 NPI-T NORTHLAND POWER INC 4.41 0.85 0.00 -30.34 BBB N-A 34.85 14.00 LB-T LAURENTIAN BANK OF CANADA 4.40 -6.10 6.36 9.47 BBB N-A 35.90 8.88 CIX-T CI FINANCIAL CORP 4.36 -12.58 0.00 17.73 NR Baa2 45.83 9.14 SLF-T SUN LIFE FINANCIAL INC 4.35 9.61 12.50 25.99 A+ N-A 52.85 12.17 RUS-T RUSSEL METALS INC 4.24 0.26 1.32 46.62 BB+ Ba1 25.71 6.86 TVE-T TAMARACK VALLEY ENERGY LTD 4.14 N-A 171.84 -8.65 B N-A 0.00 6.54 RY-T ROYAL BANK OF CANADA 4.14 7.45 14.04 9.44 AA- N-A 44.68 12.89 GRT-UN-T GRANITE REAL ESTATE INVESTME 4.14 3.39 3.28 4.07 N-A (P)Baa2 129.76 11.14 NA-T NATIONAL BANK OF CANADA 4.04 10.08 15.13 18.12 A N-A 36.83 10.85 FTS-T FORTIS INC 3.93 5.89 5.69 1.37 A- Baa3 79.32 19.49 PKI-T PARKLAND CORP 3.86 2.73 2.31 5.35 BB N-A 70.14 15.46 CTC-A-T CANADIAN TIRE CORP-CLASS A 3.75 16.67 35.35 11.81 BBB N-A 35.45 12.14 TRI-T THOMSON REUTERS CORP 3.54 34.18 290.33 25.77 BBB Baa2 62.05 85.78 RCI-B-T ROGERS COMMUNICATIONS INC-B 3.39 0.82 0.00 1.65 BBB- Baa3 60.12 15.68 NTR-T NUTRIEN LTD 3.32 21.10 14.03 -14.60 BBB Baa2 13.50 5.50 IAG-T IA FINANCIAL CORP INC 3.29 13.37 18.22 50.35 A N-A 33.90 2.48 AEM-T AGNICO EAGLE MINES LTD 3.18 31.32 13.07 32.88 NR Baa2 108.24 25.16 GSY-T GOEASY LTD 3.12 35.79 19.11 15.78 BB- Ba3 44.60 11.44 H-T HYDRO ONE LTD 3.10 4.99 5.26 14.07 A- N-A 63.05 22.34 IMO-T IMPERIAL OIL LTD 3.07 20.75 40.98 18.00 AA- N-A 12.70 5.68 MG-T MAGNA INTERNATIONAL INC 3.06 9.32 7.18 5.63 A- A3 86.82 15.80 QSR-T RESTAURANT BRANDS INTERN 2.84 11.96 7.03 54.92 BB N-A 65.79 32.77 SAP-T SAPUTO INC 2.57 2.38 0.00 -8.99 N-A Baa1 48.46 17.01 CVE-T CENOVUS ENERGY INC 2.48 23.26 195.58 3.63 BBB- Baa2 3.40 9.74 K-T KINROSS GOLD CORP 2.47 N-A 5.48 62.59 BBB- Baa3 494.10 16.72 OTEX-T OPEN TEXT CORP 2.39 13.12 16.59 6.93 BB+ Ba2 60.36 24.52 ABX-T BARRICK GOLD CORP 2.39 36.98 -23.83 17.96 BBB+ A3 266.47 23.52 FTT-T FINNING INTERNATIONAL INC 2.33 4.47 5.16 65.14 BBB+ N-A 29.04 12.02 VET-T VERMILION ENERGY INC 2.31 -32.79 200.00 -39.43 B+ B1 3.49 1.43 IFC-T INTACT FINANCIAL CORP 2.23 9.40 12.30 12.81 N-A Baa1 29.71 13.33 YRI-T YAMANA GOLD INC 2.06 36.27 -21.17 N-A BBB- Baa3 N-A N-A CNR-T CANADIAN NATL RAILWAY CO 2.04 11.91 12.99 5.80 A- A2 39.30 19.45 EFN-T ELEMENT FLEET MANAGEMENT COR 1.91 4.70 26.89 50.03 BBB N-A 34.50 21.34 RBA-T RB GLOBAL INC 1.75 27.57 130.36 -0.78 BB+ Ba2 36.04 31.53 MX-T METHANEX CORP 1.73 -9.93 43.64 14.69 BB Ba1 3.43 11.41 TA-T TRANSALTA CORP 1.67 6.09 10.26 -8.92 BB+ Ba1 372.63 33.45 MRU-T METRO INC/CN 1.65 11.01 10.00 6.68 BBB N-A 31.19 18.86 CCL-B-T CCL INDUSTRIES INC - CL B 1.63 15.56 12.22 3.25 BBB Baa2 27.35 18.28 L-T LOBLAW COMPANIES LTD 1.49 8.49 10.73 2.04 BBB N-A 27.08 20.88 WFG-T WEST FRASER TIMBER CO LTD 1.39 25.48 33.72 -7.92 BBB- Baa3 5.22 9.70 FFH-T FAIRFAX FINANCIAL HLDGS LTD 1.34 1.67 7.92 46.08 BBB Baa3 21.45 10.75 TECK-B-T TECK RESOURCES LTD-CLS B 0.90 10.76 17.65 65.60 BBB- Baa3 6.44 7.11 ATD-T ALIMENTATION COUCHE-TARD INC 0.83 23.43 26.95 28.59 BBB Baa1 17.28 16.87 BN-T BROOKFIELD CORP 0.82 2.73 -17.76 -6.18 A- A3 46.05 22.34 FM-T FIRST QUANTUM MINERALS LTD 0.74 96.10 N-A 79.83 B+ N-A 11.02 21.97 WCN-T WASTE CONNECTIONS INC 0.72 13.99 16.84 16.06 BBB+ Baa1 29.08 41.59 CP-T CANADIAN PACIFIC KANSAS CITY 0.72 10.21 0.00 12.13 BBB+ N-A 17.00 26.52 DOL-T DOLLARAMA INC 0.32 10.46 19.41 15.38 BBB N-A 7.97 30.50 HBM-T HUDBAY MINERALS INC 0.28 0.00 0.00 59.21 B B1 7.44 17.62 SNC-T SNC-LAVALIN GROUP INC 0.21 -41.01 0.00 57.20 BB+ N-A 84.40 57.25 GFL-T GFL ENVIRONMENTAL INC-SUB VT 0.14 N-A 15.69 42.81 B+ B1 N-A N-A
Source: Bloomberg
Scott Barlow