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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 Yield5Y Dividend Growth1Y Dividend Growth1Y Total ReturnS&P LT Credit RatingMoody's LT Credit RatingPayout RatioPE Ratio
AP-UN-TALLIED PROPERTIES REAL ESTAT7.452.732.89-45.08N-ABaa2 *-142.4131.37
GEI-TGIBSON ENERGY INC7.242.595.63-8.03BBB-Ba2141.4314.94
TRP-TTC ENERGY CORP7.077.193.42-20.59BBB+Baa2560.848.03
ENB-TENBRIDGE INC6.896.753.05-4.63BBB+Baa1269.0614.36
TCL-A-TTRANSCONTINENTAL INC-CL A6.672.130.00-17.91BBB-N-A55.339.60
KEY-TKEYERA CORP6.512.800.00-0.93BBB-N-A129.6614.83
SPB-TSUPERIOR PLUS CORP6.500.000.002.91BB-N-AN-A56.26
SES-TSECURE ENERGY SERVICES INC6.46-3.64616.6719.79BB120.619.26
BCE-TBCE INC6.355.095.15-6.53BBB+Baa2123.5018.22
POW-TPOWER CORP OF CANADA6.126.996.63-5.80A+N-A69.4112.31
BNS-TBANK OF NOVA SCOTIA6.085.7010.54-19.97A+N-A50.418.85
PPL-TPEMBINA PIPELINE CORP6.004.443.57-2.11BBBN-A49.5812.54
CM-TCAN IMPERIAL BK OF COMMERCE5.985.269.45-20.67A+N-A48.839.32
MFC-TMANULIFE FINANCIAL CORP5.9410.1711.07-2.49AN-A35.732.36
GWO-TGREAT-WEST LIFECO INC5.875.967.222.09A+N-A56.731.58
CIX-TCI FINANCIAL CORP5.77-12.550.00-33.76BBB-Baa245.836.80
LB-TLAURENTIAN BANK OF CANADA5.71-6.158.33-18.04BBBN-A35.906.40
IGM-TIGM FINANCIAL INC5.630.000.00-3.77AN-A61.8711.02
CPX-TCAPITAL POWER CORP5.586.856.157.34BBB-N-A265.6611.19
FCR-UN-TFIRST CAPITAL REAL ESTATE IN5.56-4.4858.33-9.67BBB-Baa3N-A97.87
CRT-UN-TCT REAL ESTATE INVESTMENT TR5.444.003.58-4.89BBBN-A135.1135.17
REI-UN-TRIOCAN REAL ESTATE INVST TR5.38-6.196.19-16.42BBBN-A131.0015.71
CHP-UN-TCHOICE PROPERTIES REIT5.240.090.11-2.63BBBN-A71.938.32
T-TTELUS CORP5.166.707.16-12.61BBBBaa2117.1920.28
POU-TPARAMOUNT RESOURCES LTD -A5.09N-A332.191.83B+Ba323.576.89
AQN-TALGONQUIN POWER & UTILITIES5.077.971.46-35.99BBBN-AN-A78.03
ALA-TALTAGAS LTD5.00-12.841.42-16.57BBB-N-A74.6914.41
SU-TSUNCOR ENERGY INC4.968.4557.147.63BBBBaa128.735.27
EMA-TEMERA INC4.944.464.04-5.45BBBBaa375.0313.10
CCA-TCOGECO COMMUNICATIONS INC4.8710.3510.11-36.06BB+N-A30.806.68
CNQ-TCANADIAN NATURAL RESOURCES4.8532.57108.562.51BBB-Baa147.747.91
BMO-TBANK OF MONTREAL4.798.9422.84-15.31A+N-A27.319.93
TD-TTORONTO-DOMINION BANK4.788.6311.35-15.53AA-N-A37.529.30
CU-TCANADIAN UTILITIES LTD-A4.773.971.002.87BBB+N-A85.8513.31
BIP-UN-TBROOKFIELD INFRASTRUCTURE PA4.634.8811.69-15.56BBB+N-A653.1359.28
SLF-TSUN LIFE FINANCIAL INC4.619.6416.53-6.31A+N-A52.8510.86
RUS-TRUSSEL METALS INC4.490.000.007.29BB+Ba125.715.77
ACO-X-TATCO LTD -CLASS I4.396.482.995.18BBB+N-A56.8811.92
BEP-UN-TBROOKFIELD RENEWABLE PARTNER4.351.1011.09-14.37BBB+N-AN-AN-A
PKI-TPARKLAND CORP4.212.616.03-8.89BBN-A70.147.17
GSY-TGOEASY LTD4.1436.9827.68-31.47BB-Ba344.609.92
RY-TROYAL BANK OF CANADA4.117.3714.41-2.91AA-N-A44.6812.29
NA-TNATIONAL BANK OF CANADA4.049.8819.624.62AN-A36.8310.15
CTC-A-TCANADIAN TIRE CORP-CLASS A3.9717.1030.05-4.37BBBN-A35.459.63
GRT-UN-TGRANITE REAL ESTATE INVESTME3.953.453.30-12.48N-A(P)Baa2129.76N-A
FTS-TFORTIS INC3.925.925.77-3.02A-Baa379.3220.47
TVE-TTAMARACK VALLEY ENERGY LTD3.79N-A418.47-17.85BN-A0.005.59
NPI-TNORTHLAND POWER INC3.561.390.00-16.33BBBN-A34.8516.80
MG-TMAGNA INTERNATIONAL INC3.559.798.91-9.65A-A386.8212.70
QSR-TRESTAURANT BRANDS INTERN3.4216.527.7725.35BBN-A65.7928.82
IAG-TIA FINANCIAL CORP INC3.1912.6619.3715.49AN-A33.902.30
AEM-TAGNICO EAGLE MINES LTD3.1331.2216.08-6.02NRBaa2108.2430.01
RCI-B-TROGERS COMMUNICATIONS INC-B3.100.820.00-5.74BBB+ *-Baa1 *-60.1217.97
SJR-B-TSHAW COMMUNICATIONS INC-B3.030.000.004.30BBB-Baa2 *-83.8526.28
NTR-TNUTRIEN LTD2.9238.6312.82-21.99BBBBaa213.505.58
H-THYDRO ONE LTD2.874.914.9919.52A-N-A63.0522.17
FTT-TFINNING INTERNATIONAL INC2.874.647.27-9.84BBB+N-A29.0410.07
IMO-TIMPERIAL OIL LTD2.5919.5135.6514.92AA-N-A12.706.13
OTEX-TOPEN TEXT CORP2.5812.8815.79-0.34BB+Ba260.3626.42
K-TKINROSS GOLD CORP2.57N-A4.87-9.74BBB-Baa30.0016.32
VET-TVERMILION ENERGY INC2.33-34.13433.33-33.66B+B13.491.47
IFC-TINTACT FINANCIAL CORP2.299.3714.856.34N-ABaa129.7112.84
EFN-TELEMENT FLEET MANAGEMENT COR2.293.4224.5647.72BBBN-A34.5018.61
ABX-TBARRICK GOLD CORP2.1540.85-13.47-14.61BBB+A3266.4721.92
YRI-TYAMANA GOLD INC2.0543.977.6915.86BBB-Baa371.05N-A
SAP-TSAPUTO INC2.052.710.7021.57N-ABaa1109.0124.48
CNR-TCANADIAN NATL RAILWAY CO2.0112.0415.91-4.41AA239.3021.06
RBA-TRITCHIE BROS AUCTIONEERS1.9426.87136.845.32BB+Ba236.0429.58
TA-TTRANSALTA CORP1.925.5910.53-9.85BB+Ba1372.63N-A
CVE-TCENOVUS ENERGY INC1.7921.70408.5714.86BBB-Baa23.407.25
WFG-TWEST FRASER TIMBER CO LTD1.7429.5849.97-6.45BBB-Baa35.223.55
MRU-TMETRO INC/CN1.6511.0510.003.42BBBN-A31.1919.45
CCL-B-TCCL INDUSTRIES INC - CL B1.6015.7013.2219.25BBBBaa227.3519.09
MX-TMETHANEX CORP1.55-10.6371.92-7.57BBBa13.4310.24
TRI-TTHOMSON REUTERS CORP1.524.0715.6030.89BBBBaa262.0573.91
FFH-TFAIRFAX FINANCIAL HLDGS LTD1.481.677.9235.87BBBBaa321.4515.31
L-TLOBLAW COMPANIES LTD1.328.4513.2910.90BBBN-A27.0821.72
TECK-B-TTECK RESOURCES LTD-CLS B1.0210.7629.03-1.04BBB-Baa36.445.91
BN-TBROOKFIELD CORP0.895.69-2.94-24.52A-A35.7621.08
FM-TFIRST QUANTUM MINERALS LTD0.8575.18N-A-28.50B+ *-N-A11.0213.61
ATD-TALIMENTATION COUCHE-TARD INC0.8322.6726.5821.01BBBBaa216.5217.98
WCN-TWASTE CONNECTIONS INC0.7413.6917.617.52BBB+Baa229.0840.78
CP-TCANADIAN PACIFIC RAILWAY LTD0.7411.050.000.34BBB+N-A20.1029.10
DOL-TDOLLARAMA INC0.358.579.9414.36BBBN-A7.9729.34
CCO-TCAMECO CORP0.34-21.4050.00-2.13BBB-N-A58.06102.37
HBM-THUDBAY MINERALS INC0.280.000.00-27.77BB1N-A9.34
SNC-TSNC-LAVALIN GROUP INC0.25-40.860.006.87BB+N-A84.4053.55
GFL-TGFL ENVIRONMENTAL INC-SUB VT0.14N-A15.5014.29B+B1N-AN-A

Source: Bloomberg