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The table below represents a test drive for a new weekly report providing details on the highest yielding stocks in the S&P/TSX Composite. We welcome any feedback from readers.

Importantly, the information 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. We urge investors to 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 S&P long-term credit ratings. Index stocks where no credit rating is available are excluded from the table. 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.

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Data provided is from Friday’s market close.

SymbolCompanyIndicated Dividend YieldAvg. Annual 5Y Div Growth rate1Y Div Growth rateTotal Return 12MS&P LT Credit RatingPayout Ratio %PE Ratio TTM
MIC-TGENWORTH MI CANADA INC17.7935.08338.2738.98BBB+126.8910.17
VET-TVERMILION ENERGY INC20.131.360.55-54.22BB-140.54N-A
FEC-TFRONTERA ENERGY CORP10.85N-A310.61-33.42BB-N-A2.21
IPL-TINTER PIPELINE LTD8.654.841.18-1.50BBB+131.0615.36
BPY-UN-TBROOKFIELD PROPERTY PARTNERS8.068.886.06-7.12BBB74.8728.83
RUS-TRUSSEL METALS INC7.770.400.00-11.92BB+123.3716.03
HSE-THUSKY ENERGY INC7.87-15.7025.00-54.72BBBN-AN-A
LB-TLAURENTIAN BANK OF CANADA7.034.783.13-1.50BBB69.329.50
SPB-TSUPERIOR PLUS CORP7.132.380.00-7.63BB88.2911.75
IGM-TIGM FINANCIAL INC6.340.680.009.65A72.0511.12
ENB-TENBRIDGE INC6.4214.829.928.39BBB+111.8019.20
KEY-TKEYERA CORP5.947.966.864.24BBB89.4612.92
CPX-TCAPITAL POWER CORP5.647.207.2320.10BBB-250.008.72
CM-TCAN IMPERIAL BK OF COMMERCE5.767.215.58-4.40A+49.918.34
GWO-TGREAT-WEST LIFECO INC5.646.086.148.83A+66.2561.06
REI-UN-TRIOCAN REAL ESTATE INVST TR5.680.420.007.07BBB57.299.54
TCL-A-TTRANSCONTINENTAL INC-CL A5.546.584.76-10.90BBB-46.2510.12
BCE-TBCE INC5.575.124.978.64BBB+93.9316.97
ITP-TINTERTAPE POLYMER GROUP INC5.5111.363.96-18.64BB-70.4510.97
POW-TPOWER CORP OF CANADA5.436.917.6812.95A+54.4110.16
CJR-B-TCORUS ENTERTAINMENT INC-B SH5.73-26.170.00-28.17BB32.604.69
BNS-TBANK OF NOVA SCOTIA5.156.375.991.02A+51.909.92
PPL-TPEMBINA PIPELINE CORP5.246.776.193.34BBB89.1313.59
CRT-UN-TCT REAL ESTATE INVESTMENT TR5.053.204.0019.91BBB+123.2835.70
CHP-UN-TCHOICE PROPERTIES REIT5.412.630.006.13BBBN-AN-A
SJR-B-TSHAW COMMUNICATIONS INC-B5.071.500.00-9.43BBB-83.8717.29
MFC-TMANULIFE FINANCIAL CORP4.9811.609.574.32A36.198.12
SU-TSUNCOR ENERGY INC5.039.4412.00-16.16A-90.3510.21
T-TTELUS CORP4.778.187.268.53BBB+77.7817.01
ALA-TALTAGAS LTD4.76-11.11-49.0019.34BBB-34.93N-A
TRP-TTC ENERGY CORP4.619.348.7023.92BBB+70.2716.19
BMO-TBANK OF MONTREAL4.685.727.01-8.57A+46.769.72
MX-TMETHANEX CORP5.0112.027.98-48.27BB+122.9131.21
TD-TTORONTO-DOMINION BANK4.629.5010.45-5.35AA-46.0910.18
BEP-UN-TBROOKFIELD RENEWABLE PARTNER4.289.227.5378.40BBB+N-AN-A
CU-TCANADIAN UTILITIES LTD-A4.399.196.3017.17A-52.1514.96
EMA-TEMERA INC4.339.864.1225.82BBB+85.2222.19
RY-TROYAL BANK OF CANADA4.357.237.81-0.19AA-45.4110.98
CNQ-TCANADIAN NATURAL RESOURCES4.3510.7611.94-5.43BBB+64.9115.13
BIP-UN-TBROOKFIELD INFRASTRUCTURE PA4.2212.819.3333.60BBB+1103.952404.32
NTR-TNUTRIEN LTD4.38#N-A Field Not Applicable7.99-21.87BBB103.3121.07
NA-TNATIONAL BANK OF CANADA4.107.219.2416.28A41.6810.57
FTT-TFINNING INTERNATIONAL INC4.153.663.80-17.07BBB+55.3812.10
FCR-UN-TFIRST CAPITAL REAL ESTATE IN4.210.230.002.11BBB-36.8613.67
NPI-TNORTHLAND POWER INC3.962.130.0027.95BBB70.0221.25
SLF-TSUN LIFE FINANCIAL INC3.798.3510.2619.63A+47.2113.31
INE-TINNERGEX RENEWABLE ENERGY3.633.132.9445.61BBB-337.25N-A
AQN-TALGONQUIN POWER & UTILITIES3.7014.529.9945.02BBB133.0531.36
H-THYDRO ONE LTD3.56#N-A Field Not Applicable4.8938.47A-73.2617.68
FTS-TFORTIS INC3.497.376.0019.97A-49.6121.55
QSR-TRESTAURANT BRANDS INTERN3.5488.1712.90-3.70BB83.3619.68
MG-TMAGNA INTERNATIONAL INC3.5118.4213.71-10.32A-26.037.61
ACO-X-TATCO LTD -CLASS I3.4613.497.4914.88A-36.198.38
CTC-A-TCANADIAN TIRE CORP-CLASS A3.4716.7113.71-8.57BBB+33.7410.68
RCI-B-TROGERS COMMUNICATIONS INC-B3.231.794.17-9.20BBB+50.1214.91
IAG-TIA FINANCIAL CORP INC3.0511.1812.9228.21A27.3710.51
CIX-TCI FINANCIAL CORP3.24-9.860.0022.37BBB+31.719.58
CAS-TCASCADES INC2.978.4550.0027.01BB-49.0412.36
PKI-TPARKLAND FUEL CORP2.862.421.747.23BB77.1816.25
IMO-TIMPERIAL OIL LTD2.9710.3311.84-14.81AA+29.3610.54
CVE-TCENOVUS ENERGY INC2.53-27.556.25-17.14BBB11.854.90
FFH-TFAIRFAX FINANCIAL HLDGS LTD2.281.71-1.93-9.72BBB-13.7416.93
CCA-TCOGECO COMMUNICATIONS INC2.1911.2010.5027.93BB+30.4914.62
OSB-TNORBORD INC2.23-10.16-80.337.83BBN-AN-A
TRI-TTHOMSON REUTERS CORP2.012.93-77.3843.03BBB48.4997.83
CNR-TCANADIAN NATL RAILWAY CO2.0316.5418.131.53A36.6219.81
RBA-TRITCHIE BROS AUCTIONEERS1.9810.4911.4111.24BB+55.3829.57
WN-TWESTON (GEORGE) LTD2.094.537.1810.36BBB162.1216.39
L-TLOBLAW COMPANIES LTD1.904.937.364.16BBB42.3820.99
TA-TTRANSALTA CORP1.69-25.751.5626.96BB+N-AN-A
MRU-TMETRO INC/CN1.7414.6411.496.27BBB27.9418.61
BCB-TCOTT CORPORATION1.684.372.86-2.68BN-A73.88
OTEX-TOPEN TEXT CORP1.6518.7717.3213.37BB+59.3133.87
CCL-B-TCCL INDUSTRIES INC - CL B1.6225.3230.77-17.08BBB25.3716.16
WFT-TWEST FRASER TIMBER CO LTD1.6123.3614.29-22.48BBB-N-AN-A
ABX-TBARRICK GOLD CORP1.443.2925.5161.23BBB8.8682.35
TECK-B-TTECK RESOURCES LTD-CLS B1.50-25.98-33.33-53.93BBB-N-A4.82
EFN-TELEMENT FLEET MANAGEMENT COR1.41#N-A Field Not Applicable-33.3369.61BBB146.0947.50
YRI-TYAMANA GOLD INC1.25-22.2249.9262.87BB+10.5144.20
BAM-A-TBROOKFIELD ASSET MANAGE-CL A1.1912.3310.6335.59A-27.0216.53
CP-TCANADIAN PACIFIC RAILWAY LTD1.0017.5324.9823.00BBB+17.7920.10
WCN-TWASTE CONNECTIONS INC0.761.3617.1418.06BBB+30.9541.56
CCO-TCAMECO CORP0.70-27.520.00-24.56BBB-42.72114.53
ATD-B-TALIMENTATION COUCHE-TARD -B0.6225.0828.217.24BBB13.8516.88
HBM-THUDBAY MINERALS INC0.620.000.00-64.09BN-A4.73
DOL-TDOLLARAMA INC0.4410.5310.0011.45BBB9.4622.71
SNC-TSNC-LAVALIN GROUP INC0.26-24.21-79.09-14.37BB+12.84N-A
FM-TFIRST QUANTUM MINERALS LTD0.10-41.290.00-34.63B-N-A27.58

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