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 7.85 2.76 2.89 -33.72 N/A Baa2 *- 142.41 N/A SPB-T SUPERIOR PLUS CORP 7.12 -1.73 -8.33 -12.59 BB- N/A N/A 163.86 GEI-T GIBSON ENERGY INC 6.96 2.59 5.63 -13.19 BBB- Ba2 96.51 12.57 ENB-T ENBRIDGE INC 6.96 6.41 3.10 -7.17 BBB+ Baa1 269.06 14.99 TRP-T TC ENERGY CORP 6.68 7.19 3.42 -18.44 BBB+ Baa2 560.84 8.25 BNS-T BANK OF NOVA SCOTIA 6.39 5.45 8.42 -15.49 A+ N/A 50.41 9.23 SES-T SECURE ENERGY SERVICES INC 6.36 -3.91 616.67 -10.34 B B1 20.61 8.83 BCE-T BCE INC 6.30 5.09 5.15 -3.61 BBB+ Baa2 123.50 19.03 PPL-T PEMBINA PIPELINE CORP 6.16 4.15 3.57 -13.23 BBB N/A 49.53 12.95 KEY-T KEYERA CORP 6.10 0.93 -8.33 -4.07 BBB- N/A 129.66 15.37 CM-T CAN IMPERIAL BK OF COMMERCE 6.07 5.26 9.45 -11.41 A+ N/A 48.83 9.33 TCL-A-T TRANSCONTINENTAL INC-CL A 6.04 2.13 0.00 -1.25 BBB- N/A 55.33 11.34 POW-T POWER CORP OF CANADA 6.02 6.64 6.63 2.04 A+ N/A 69.41 13.04 CRT-UN-T CT REAL ESTATE INVESTMENT TR 5.94 3.98 3.40 -5.93 BBB N/A 135.11 36.20 T-T TELUS CORP 5.74 6.74 7.24 -13.04 BBB Baa2 117.19 18.90 LB-T LAURENTIAN BANK OF CANADA 5.69 -6.15 8.33 -18.33 BBB N/A 35.90 6.87 IGM-T IGM FINANCIAL INC 5.68 0.00 0.00 12.35 A N/A 61.87 11.14 MFC-T MANULIFE FINANCIAL CORP 5.67 10.34 9.45 16.74 A N/A 35.73 2.67 FCR-UN-T FIRST CAPITAL REAL ESTATE IN 5.65 -2.54 75.00 4.59 BBB- N/A N/A 71.06 CHP-UN-T CHOICE PROPERTIES REIT 5.55 0.07 0.34 -2.20 BBB N/A 71.93 7.21 GWO-T GREAT-WEST LIFECO INC 5.43 5.96 5.87 22.10 A+ N/A 56.73 2.98 REI-UN-T RIOCAN REAL ESTATE INVST TR 5.29 -6.07 6.12 -1.48 BBB N/A 131.00 15.43 SU-T SUNCOR ENERGY INC 5.15 8.34 33.55 -20.10 BBB Baa1 28.73 5.68 CPX-T CAPITAL POWER CORP 5.08 6.85 6.15 3.80 BBB- N/A 265.66 8.84 POU-T PARAMOUNT RESOURCES LTD -A 5.07 N/A 275.36 -19.29 B+ Ba3 23.57 6.06 BMO-T BANK OF MONTREAL 5.02 9.03 17.99 -9.02 A+ N/A 27.31 10.78 CIX-T CI FINANCIAL CORP 5.02 -12.58 0.00 -1.83 NR Baa2 45.83 7.95 AQN-T ALGONQUIN POWER & UTILITIES 5.00 7.97 1.46 -31.63 BBB N/A N/A 32.86 EMA-T EMERA INC 4.97 4.27 4.10 -5.77 BBB Baa3 75.03 12.75 CU-T CANADIAN UTILITIES LTD-A 4.96 3.53 1.00 -4.33 BBB+ N/A 85.85 12.08 TD-T TORONTO-DOMINION BANK 4.86 8.42 10.12 -11.46 AA- N/A 37.52 9.23 CNQ-T CANADIAN NATURAL RESOURCES 4.80 32.57 108.56 -5.43 BBB- Baa1 47.74 8.87 CCA-T COGECO COMMUNICATIONS INC 4.71 10.33 10.09 -29.89 BB+ N/A 30.80 6.98 ACO-X-T ATCO LTD -CLASS I 4.61 5.89 3.00 -5.63 BBB+ N/A 56.88 10.36 ALA-T ALTAGAS LTD 4.52 -12.97 1.42 -13.72 BBB- N/A 74.69 15.78 SLF-T SUN LIFE FINANCIAL INC 4.45 9.61 12.50 12.36 A+ N/A 52.85 11.89 RUS-T RUSSEL METALS INC 4.42 0.26 1.32 23.39 BB+ Ba1 25.71 6.58 RY-T ROYAL BANK OF CANADA 4.38 7.45 14.04 -1.95 AA- N/A 44.68 12.18 TVE-T TAMARACK VALLEY ENERGY LTD 4.35 N/A 231.33 -43.79 B N/A 0.00 6.23 BEP-UN-T BROOKFIELD RENEWABLE PARTNER 4.31 1.71 11.81 -4.34 BBB+ N/A N/A N/A NA-T NATIONAL BANK OF CANADA 4.26 9.88 19.62 5.42 A N/A 36.83 10.30 BIP-UN-T BROOKFIELD INFRASTRUCTURE PA 4.23 5.39 12.51 -1.95 BBB+ N/A 653.13 75.63 NPI-T NORTHLAND POWER INC 4.12 1.03 0.00 -24.77 BBB N/A 34.85 14.98 CTC-A-T CANADIAN TIRE CORP-CLASS A 4.09 16.67 35.35 3.01 BBB N/A 35.45 11.13 PKI-T PARKLAND CORP 4.00 2.55 15.62 -9.03 BB N/A 70.14 14.94 FTS-T FORTIS INC 3.94 5.89 5.69 -3.26 A- Baa3 79.32 19.45 GRT-UN-T GRANITE REAL ESTATE INVESTME 3.86 3.41 3.29 0.35 N/A (P)Baa2 129.76 N/A NTR-T NUTRIEN LTD 3.60 38.63 12.82 -28.78 BBB Baa2 13.50 5.07 GSY-T GOEASY LTD 3.53 36.98 27.68 -0.51 BB- Ba3 44.60 10.11 MG-T MAGNA INTERNATIONAL INC 3.52 9.32 7.18 -10.99 A- A3 86.82 13.61 IAG-T IA FINANCIAL CORP INC 3.46 13.37 18.22 39.83 A N/A 33.90 2.36 RCI-B-T ROGERS COMMUNICATIONS INC-B 3.44 0.82 0.00 -2.72 BBB- Baa3 60.12 15.33 H-T HYDRO ONE LTD 3.17 5.22 5.26 12.49 A- N/A 63.05 21.89 AEM-T AGNICO EAGLE MINES LTD 3.16 31.32 13.07 9.21 NR Baa2 108.24 25.09 IMO-T IMPERIAL OIL LTD 3.02 20.75 40.98 -4.75 AA- N/A 12.70 5.77 QSR-T RESTAURANT BRANDS INTERN 2.96 11.75 7.77 58.06 BB N/A 65.79 31.66 FTT-T FINNING INTERNATIONAL INC 2.54 4.47 5.16 19.17 BBB+ N/A 29.04 11.03 K-T KINROSS GOLD CORP 2.53 N/A 5.48 21.19 BBB- Baa3 494.10 16.15 VET-T VERMILION ENERGY INC 2.47 -34.28 433.33 -46.54 B+ B1 3.49 1.33 CVE-T CENOVUS ENERGY INC 2.42 21.70 408.57 -23.13 BBB- Baa2 3.40 10.02 ABX-T BARRICK GOLD CORP 2.38 36.98 -23.83 -7.24 BBB+ A3 266.47 23.44 OTEX-T OPEN TEXT CORP 2.35 13.12 16.59 13.65 BB+ Ba2 60.36 24.72 IFC-T INTACT FINANCIAL CORP 2.23 9.37 14.85 9.33 N/A Baa1 29.71 13.36 SAP-T SAPUTO INC 2.07 2.71 0.70 35.60 N/A Baa1 109.01 21.11 YRI-T YAMANA GOLD INC 2.06 36.37 -17.87 N/A BBB- Baa3 N/A N/A CNR-T CANADIAN NATL RAILWAY CO 2.06 11.91 12.99 9.36 A- A2 39.30 19.27 EFN-T ELEMENT FLEET MANAGEMENT COR 1.99 3.42 24.56 48.77 BBB N/A 34.50 20.50 RBA-T RB GLOBAL INC 1.98 27.57 130.36 -0.13 BB+ Ba2 36.04 27.79 MRU-T METRO INC/CN 1.73 11.01 10.00 2.86 BBB N/A 31.19 18.06 MX-T METHANEX CORP 1.69 -10.63 71.92 -11.35 BB Ba1 3.43 11.77 CCL-B-T CCL INDUSTRIES INC - CL B 1.68 15.70 13.22 4.87 BBB Baa2 27.35 17.70 TA-T TRANSALTA CORP 1.66 6.09 10.26 -6.59 BB+ Ba1 372.63 33.68 TRI-T THOMSON REUTERS CORP 1.60 5.14 15.26 32.29 BBB Baa2 62.05 83.26 WFG-T WEST FRASER TIMBER CO LTD 1.59 29.58 49.97 -8.71 BBB- Baa3 5.22 8.51 L-T LOBLAW COMPANIES LTD 1.55 8.45 13.29 2.36 BBB N/A 27.08 20.19 FFH-T FAIRFAX FINANCIAL HLDGS LTD 1.36 1.67 7.92 47.07 BBB Baa3 21.45 10.52 BN-T BROOKFIELD CORP 0.90 2.73 -17.76 -15.18 A- A3 46.05 20.08 TECK-B-T TECK RESOURCES LTD-CLS B 0.88 10.76 29.03 4.66 BBB- Baa3 6.44 7.30 ATD-T ALIMENTATION COUCHE-TARD INC 0.86 22.67 26.58 16.03 BBB Baa1 16.52 17.63 FM-T FIRST QUANTUM MINERALS LTD 0.85 96.10 N/A -10.58 B+ N/A 11.02 18.83 WCN-T WASTE CONNECTIONS INC 0.75 13.99 16.84 15.61 BBB+ Baa1 29.08 39.55 CP-T CANADIAN PACIFIC KANSAS CITY 0.73 11.05 0.00 13.04 BBB+ N/A 17.00 26.29 DOL-T DOLLARAMA INC 0.34 9.55 14.79 14.22 BBB N/A 7.97 28.59 HBM-T HUDBAY MINERALS INC 0.32 0.00 0.00 -12.22 B B1 7.44 15.66 SNC-T SNC-LAVALIN GROUP INC 0.24 -41.01 0.00 37.56 BB+ N/A 84.40 50.22 GFL-T GFL ENVIRONMENTAL INC-SUB VT 0.14 N/A 16.65 31.54 B+ B1 N/A N/A
Source: Bloomberg
Scott Barlow