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 9.73 2.86 2.88 -25.27 N-A Baa3 142.41 N-A TCL-A-T TRANSCONTINENTAL INC-CL A 7.86 1.63 0.00 -26.39 BBB- N-A 55.33 8.55 ENB-T ENBRIDGE INC 7.74 5.75 3.20 -4.73 BBB+ Baa1 269.06 16.00 GEI-T GIBSON ENERGY INC 7.72 3.13 5.48 -8.85 BBB- N-A 96.51 13.30 SPB-T SUPERIOR PLUS CORP 7.50 0.00 0.00 2.92 BB- N-A N-A 50.13 LB-T LAURENTIAN BANK OF CANADA 7.43 -6.04 4.49 -14.79 BBB N-A 47.73 5.67 TRP-T TC ENERGY CORP 7.22 6.49 3.36 -4.18 BBB+ Baa3 560.84 8.01 AQN-T ALGONQUIN POWER & UTILITIES 7.12 1.48 -25.07 -9.60 BBB N-A N-A 42.46 BNS-T BANK OF NOVA SCOTIA 7.05 4.97 2.96 -5.89 A+ N-A 71.57 10.22 BCE-T BCE INC 7.01 5.09 5.16 -6.73 BBB+ Baa2 123.50 17.18 IGM-T IGM FINANCIAL INC 6.52 0.00 0.00 -6.05 A N-A 62.69 10.70 CRT-UN-T CT REAL ESTATE INVESTMENT TR 6.49 3.94 3.45 -3.50 BBB N-A 135.11 24.04 CPX-T CAPITAL POWER CORP 6.39 6.74 5.96 -17.55 BBB- N-A 265.66 5.96 CCA-T COGECO COMMUNICATIONS INC 6.31 10.29 10.07 -20.76 BB N-A N-A N-A CM-T CAN IMPERIAL BK OF COMMERCE 6.20 5.28 5.20 6.01 A+ N-A 66.60 9.68 REI-UN-T RIOCAN REAL ESTATE INVST TR 6.17 -5.73 5.94 -9.50 BBB N-A 131.00 10.88 T-T TELUS CORP 6.01 7.14 7.28 -3.04 BBB Baa2 117.19 25.82 KEY-T KEYERA CORP 5.97 2.65 2.08 16.59 BBB N-A 129.66 17.20 PPL-T PEMBINA PIPELINE CORP 5.95 3.51 4.23 1.84 BBB N-A 49.53 18.63 POU-T PARAMOUNT RESOURCES LTD -A 5.88 N-A 134.74 0.28 BB- Ba3 23.57 6.97 EMA-T EMERA INC 5.83 4.08 4.11 -1.15 BBB Baa3 75.03 11.39 CIX-T CI FINANCIAL CORP 5.71 0.00 0.00 11.11 N-A Baa2 45.83 5.91 POW-T POWER CORP OF CANADA 5.60 6.59 4.55 22.32 A+ N-A 69.41 9.43 CHP-UN-T CHOICE PROPERTIES REIT 5.52 0.20 1.01 -3.75 BBB N-A 71.93 13.03 MFC-T MANULIFE FINANCIAL CORP 5.45 9.92 10.61 18.87 A N-A 35.73 10.15 BIP-UN-T BROOKFIELD INFRASTRUCTURE PA 5.40 5.03 10.69 -15.78 BBB+ N-A 653.13 N-A BEP-UN-T BROOKFIELD RENEWABLE PARTNER 5.32 1.58 9.87 -1.99 BBB+ N-A N-A N-A NPI-T NORTHLAND POWER INC 5.27 0.00 0.00 -36.86 BBB N-A 34.85 15.75 BMO-T BANK OF MONTREAL 5.16 8.94 6.62 -2.31 A+ N-A 102.83 11.79 SU-T SUNCOR ENERGY INC 5.14 7.89 11.97 6.16 BBB Baa1 28.73 8.21 GWO-T GREAT-WEST LIFECO INC 5.13 5.98 6.12 52.70 A+ N-A 56.73 N-A SES-T SECURE ENERGY SERVICES INC 5.10 8.18 N-A 16.04 B B1 20.61 12.77 TD-T TORONTO-DOMINION BANK 5.06 8.03 7.87 -5.94 AA- N-A 68.32 10.71 TVE-T TAMARACK VALLEY ENERGY LTD 4.82 N-A 44.23 -28.10 B N-A 1.67 12.57 CNQ-T CANADIAN NATURAL RESOURCES 4.80 22.52 -14.70 18.40 BBB- Baa1 47.74 13.18 CTC-A-T CANADIAN TIRE CORP-CLASS A 4.79 13.90 17.95 0.14 BBB N-A 35.45 14.64 SLF-T SUN LIFE FINANCIAL INC 4.55 9.51 8.70 15.65 A+ N-A 52.85 10.94 NA-T NATIONAL BANK OF CANADA 4.54 10.28 11.17 4.80 A N-A 42.05 9.74 GRT-UN-T GRANITE REAL ESTATE INVESTME 4.46 3.28 3.25 0.39 N-A (P)Baa2 129.76 13.38 RY-T ROYAL BANK OF CANADA 4.46 7.21 7.66 -1.26 AA- N-A 50.90 11.70 FTS-T FORTIS INC 4.22 5.78 5.30 5.96 A- Baa3 79.32 17.70 ALA-T ALTAGAS LTD 4.18 -12.79 4.25 21.40 BBB- N-A 74.69 16.75 NTR-T NUTRIEN LTD 3.92 12.19 13.20 -26.68 BBB Baa2 13.50 9.20 RUS-T RUSSEL METALS INC 3.82 0.78 3.95 53.56 BB+ Ba1 25.71 9.38 MG-T MAGNA INTERNATIONAL INC 3.42 7.81 6.98 -3.08 A- A3 86.82 10.95 RCI-B-T ROGERS COMMUNICATIONS INC-B 3.36 0.82 0.00 4.92 BBB- Baa3 60.12 19.53 IAG-T IA FINANCIAL CORP INC 3.34 13.31 14.23 25.78 A N-A 33.90 10.19 PKI-T PARKLAND CORP 3.10 2.85 3.46 57.56 BB N-A 70.14 14.51 QSR-T RESTAURANT BRANDS INTERN 3.08 7.91 6.16 12.05 BB N-A 65.79 27.54 H-T HYDRO ONE LTD 3.05 5.06 5.51 7.53 A- N-A 63.05 21.60 AEM-T AGNICO EAGLE MINES LTD 3.00 30.60 4.54 4.91 N-A Baa2 108.24 27.29 FTT-T FINNING INTERNATIONAL INC 2.84 4.53 5.68 4.10 BBB+ N-A 29.04 8.96 SAP-T SAPUTO INC 2.82 2.35 1.39 -20.23 N-A Baa1 48.46 16.36 IMO-T IMPERIAL OIL LTD 2.75 21.59 32.88 6.03 AA- N-A 12.70 8.21 GSY-T GOEASY LTD 2.68 34.69 11.80 29.52 BB- Ba3 44.60 11.24 PAAS-T PAN AMERICAN SILVER CORP 2.67 24.38 -7.14 -5.92 BBB- Baa3 N-A N-A VET-T VERMILION ENERGY INC 2.61 -32.44 90.00 -34.31 B+ B1 3.49 2.25 OTEX-T OPEN TEXT CORP 2.54 11.78 10.98 45.98 BB+ Ba2 170.56 20.03 CVE-T CENOVUS ENERGY INC 2.49 19.63 24.37 -9.19 BBB- Baa2 3.40 10.03 ABX-T BARRICK GOLD CORP 2.34 28.39 -36.08 5.12 BBB+ A3 266.47 20.93 PRMW-T PRIMO WATER CORP 2.21 6.90 20.16 -3.05 B+ N-A 157.50 23.00 TA-T TRANSALTA CORP 2.20 6.58 7.32 -10.32 BB+ Ba1 372.63 6.24 EFN-T ELEMENT FLEET MANAGEMENT COR 2.16 5.92 29.03 15.83 BBB N-A 34.50 20.12 K-T KINROSS GOLD CORP 2.09 N-A 4.74 40.90 BBB- Baa3 494.10 13.44 IFC-T INTACT FINANCIAL CORP 2.08 9.43 9.97 5.12 N-A Baa1 29.71 20.01 BTE-T BAYTEX ENERGY CORP 2.05 N-A N-A -27.56 B+ Ba3 0.00 7.62 CNR-T CANADIAN NATL RAILWAY CO 1.95 11.67 7.85 -4.08 A- A2 39.30 21.83 NVEI-T NUVEI CORP-SUBORDINATE VTG 1.77 N-A N-A -16.89 BB- N-A 0.00 90.48 MX-T METHANEX CORP 1.76 -10.27 31.98 17.13 BB Ba1 3.43 16.32 MRU-T METRO INC/CN 1.75 10.94 10.00 -10.05 BBB N-A 27.72 15.86 CCL-B-T CCL INDUSTRIES INC - CL B 1.74 14.76 11.29 -1.49 BBB Baa2 27.35 16.52 FM-T FIRST QUANTUM MINERALS LTD 1.55 83.84 27.27 -67.15 B *- N-A 11.02 8.22 WFG-T WEST FRASER TIMBER CO LTD 1.52 21.58 19.04 1.31 BBB- Baa3 5.22 251.14 TRI-T THOMSON REUTERS CORP 1.49 -21.30 11.46 24.66 BBB Baa1 62.05 29.91 L-T LOBLAW COMPANIES LTD 1.46 8.54 10.52 0.30 BBB N-A 27.08 19.12 FFH-T FAIRFAX FINANCIAL HLDGS LTD 1.08 1.67 7.92 57.88 BBB *+ Baa2 21.45 7.38 TECK-B-T TECK RESOURCES LTD-CLS B 0.98 10.76 8.11 2.06 BBB- Baa3 6.44 10.10 ATD-T ALIMENTATION COUCHE-TARD INC 0.91 25.00 26.60 24.52 BBB+ Baa1 12.18 19.50 WCN-T WASTE CONNECTIONS INC 0.83 13.65 16.51 -0.65 BBB+ Baa1 29.08 39.40 BN-T BROOKFIELD CORP 0.79 -6.03 -47.91 2.37 A- A3 46.05 42.74 CP-T CANADIAN PACIFIC KANSAS CITY 0.77 9.40 0.00 -7.94 BBB+ N-A 17.00 27.07 HBM-T HUDBAY MINERALS INC 0.32 0.00 0.00 -11.56 B B1 7.44 72.01 DOL-T DOLLARAMA INC 0.28 11.31 23.82 17.84 BBB N-A 7.97 32.40 CCO-T CAMECO CORP 0.20 8.45 0.00 103.07 BBB- N-A 58.06 82.34 ATRL-T SNC-LAVALIN GROUP INC 0.20 -41.30 0.00 67.53 BB+ N-A 84.40 42.38 GFL-T GFL ENVIRONMENTAL INC-SUB VT 0.18 N-A 11.76 1.40 B+ B1 N-A N-A
Source: Bloomberg
Scott Barlow