The table below ranks all S&P/TSX 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.
Notes on data: The dividend yield quoted is based on annualizing the most recent payment. Payout ratio may be different than elsewhere quoted owing to differences in time frame used or method of calculation for after-tax income.
Data is as market close Thursday.
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
IGM-T IGM FINANCIAL INC 6.00 0.00 0.00 -11.16 A N/A 54.89 9.05
GWO-T GREAT-WEST LIFECO INC 5.89 6.00 8.90 -3.97 A+ N/A 53.58 4.48
SPB-T SUPERIOR PLUS CORP 5.89 0.00 0.00 -17.01 BB- N/A N/A 64.19
ENB-T ENBRIDGE INC 5.87 8.51 3.04 30.19 BBB+ Baa1 116.18 20.41
MFC-T MANULIFE FINANCIAL CORP 5.66 10.24 13.39 -0.30 A N/A 32.98 7.83
TCL-A-T TRANSCONTINENTAL INC-CL A 5.61 3.58 0.00 -34.86 BBB- N/A 59.95 12.37
CJR-B-T CORUS ENTERTAINMENT INC-B SH 5.56 -26.77 0.00 -28.49 BB N/A 28.98 5.71
KEY-T KEYERA CORP 5.55 3.94 0.00 4.82 BBB- N/A 130.89 17.78
POW-T POWER CORP OF CANADA 5.45 6.69 5.31 -3.71 A+ N/A 42.63 9.70
BCE-T BCE INC 5.44 5.10 5.11 16.39 BBB+ Baa2 117.09 19.94
GEI-T GIBSON ENERGY INC 5.37 1.47 3.65 11.29 BBB- Ba2 141.43 26.13
CHP-UN-T CHOICE PROPERTIES REIT 5.08 0.85 0.00 4.75 BBB N/A 2325.65 N/A
AQN-T ALGONQUIN POWER & UTILITIES 5.05 8.24 5.51 -1.31 BBB N/A 165.34 28.39
TRP-T TC ENERGY CORP 4.95 8.63 6.36 19.76 BBB+ Baa2 187.82 16.63
BNS-T BANK OF NOVA SCOTIA 4.94 5.12 5.56 7.83 A+ N/A 46.54 9.92
RUS-T RUSSEL METALS INC 4.94 0.00 0.00 -5.15 BB+ Ba2 22.07 4.27
CRT-UN-T CT REAL ESTATE INVESTMENT TR 4.94 3.99 4.84 6.09 BBB N/A 91.62 24.89
CM-T CAN IMPERIAL BK OF COMMERCE 4.84 4.49 5.14 -0.95 A+ N/A 41.81 10.44
PPL-T PEMBINA PIPELINE CORP 4.81 5.37 0.00 39.51 BBB N/A 126.23 18.15
AP-UN-T ALLIED PROPERTIES REAL ESTAT 4.74 2.58 2.99 -16.34 N/A Baa2 48.86 49.02
CPX-T CAPITAL POWER CORP 4.73 7.02 6.82 22.16 BBB- N/A 505.52 23.38
REI-UN-T RIOCAN REAL ESTATE INVST TR 4.68 -7.02 -20.97 4.02 BBB N/A 50.83 12.60
CIX-T CI FINANCIAL CORP 4.67 -12.23 0.00 -27.59 BBB- Baa2 35.78 5.54
CAS-T CASCADES INC 4.66 24.57 50.00 -21.59 BB- Ba2 N/A N/A
CU-T CANADIAN UTILITIES LTD-A 4.48 5.31 1.01 16.17 BBB+ N/A 144.73 17.62
T-T TELUS CORP 4.41 6.49 6.48 16.84 BBB+ Baa1 103.37 27.72
SLF-T SUN LIFE FINANCIAL INC 4.40 8.79 16.36 1.99 A+ N/A 34.41 9.93
EMA-T EMERA INC 4.28 4.66 3.96 13.11 BBB Baa3 128.82 15.96
LB-T LAURENTIAN BANK OF CANADA 4.21 -7.04 5.00 1.93 BBB N/A 154.91 8.78
QSR-T RESTAURANT BRANDS INTERN 4.20 23.60 -0.78 -17.57 BB N/A 78.42 15.72
BMO-T BANK OF MONTREAL 4.13 6.55 12.74 9.86 A+ N/A 36.56 9.73
ACO-X-T ATCO LTD -CLASS I 4.04 8.24 3.00 5.16 BBB+ N/A 83.22 20.49
ABX-T BARRICK GOLD CORP 4.01 48.86 57.62 -7.54 BBB+ Baa1 32.55 18.45
RY-T ROYAL BANK OF CANADA 3.91 6.43 5.56 8.64 AA- N/A 39.02 11.43
NA-T NATIONAL BANK OF CANADA 3.88 7.32 11.27 6.97 A N/A 31.36 9.68
IAG-T IA FINANCIAL CORP INC 3.82 11.99 21.65 -1.99 A N/A 26.99 N/A
TD-T TORONTO-DOMINION BANK 3.82 8.35 6.33 11.10 AA- N/A 40.86 11.64
CTC-A-T CANADIAN TIRE CORP-CLASS A 3.81 15.10 7.03 -13.13 BBB N/A 26.67 8.85
GRT-UN-T GRANITE REAL ESTATE INVESTME 3.60 3.89 3.31 7.85 N/A (P)Baa2 14.71 N/A
SU-T SUNCOR ENERGY INC 3.54 4.50 80.95 83.47 BBB+ Baa1 37.96 13.02
CNQ-T CANADIAN NATURAL RESOURCES 3.54 18.25 30.52 97.49 BBB- Baa1 30.79 11.80
ALA-T ALTAGAS LTD 3.53 -12.61 8.19 23.20 BBB- N/A 122.17 38.29
BEP-UN-T BROOKFIELD RENEWABLE PARTNER 3.49 -0.34 5.41 0.21 BBB+ N/A N/A N/A
BIP-UN-T BROOKFIELD INFRASTRUCTURE PA 3.49 4.02 5.74 22.01 BBB+ N/A 108.86 35.96
FTS-T FORTIS INC 3.47 6.02 5.90 13.45 A- Baa3 79.85 23.80
SJR-B-T SHAW COMMUNICATIONS INC-B 3.36 0.00 0.00 0.64 BBB- Baa2 *- 61.07 17.57
H-T HYDRO ONE LTD 3.26 4.88 5.00 15.80 A- N/A 65.18 20.43
RCI-B-T ROGERS COMMUNICATIONS INC-B 3.24 0.82 0.00 2.32 BBB+ *- Baa1 *- 64.83 16.45
GSY-T GOEASY LTD 3.21 39.10 43.78 -23.98 BB- Ba3 24.90 12.24
AEM-T AGNICO EAGLE MINES LTD 3.12 29.12 20.17 -23.50 NR Baa2 62.61 28.51
CCA-T COGECO COMMUNICATIONS INC 2.88 10.40 10.20 -15.18 BB+ N/A 30.22 10.82
MG-T MAGNA INTERNATIONAL INC 2.86 10.00 6.82 -29.29 A- A3 33.95 12.14
FTT-T FINNING INTERNATIONAL INC 2.77 4.53 11.10 10.25 BBB+ N/A 38.94 14.44
K-T KINROSS GOLD CORP 2.77 N/A 0.06 -41.83 BBB- Baa3 0.00 17.38
SAP-T SAPUTO INC 2.74 4.10 2.88 -26.42 N/A Baa1 109.01 30.20
EFN-T ELEMENT FLEET MANAGEMENT COR 2.25 13.70 29.55 4.66 BBB N/A 35.21 17.92
YRI-T YAMANA GOLD INC 2.23 40.80 31.27 11.29 BBB- Baa3 71.05 21.52
OTEX-T OPEN TEXT CORP 2.21 12.02 13.54 -14.50 BB+ Ba1 68.16 21.66
ITP-T INTERTAPE POLYMER GROUP INC 2.18 3.08 5.88 41.82 BB- *- Ba2 *- 56.98 34.65
IFC-T INTACT FINANCIAL CORP 2.16 8.45 7.53 11.83 N/A Baa1 27.42 15.41
NTR-T NUTRIEN LTD 2.15 N/A -1.42 48.79 BBB Baa2 33.24 10.94
CNR-T CANADIAN NATL RAILWAY CO 2.05 11.34 13.24 9.27 A A2 35.63 23.78
IMO-T IMPERIAL OIL LTD 1.91 14.87 31.18 75.06 AA- N/A 29.41 15.39
FFH-T FAIRFAX FINANCIAL HLDGS LTD 1.82 -0.88 -1.30 24.85 BBB Baa3 7.73 35.45
TRI-T THOMSON REUTERS CORP 1.81 1.53 8.08 8.29 BBB Baa2 14.06 31.79
RBA-T RITCHIE BROS AUCTIONEERS 1.66 6.94 13.16 12.11 BB+ Ba2 70.46 35.69
MRU-T METRO INC/CN 1.59 11.66 10.53 20.01 BBB N/A 29.91 20.09
CCL-B-T CCL INDUSTRIES INC - CL B 1.57 15.96 16.00 -8.83 BBB Baa2 25.20 18.24
L-T LOBLAW COMPANIES LTD 1.42 6.58 10.00 52.57 BBB N/A 25.34 19.68
TA-T TRANSALTA CORP 1.38 4.04 11.43 25.07 BB+ Ba1 N/A 424.05
CVE-T CENOVUS ENERGY INC 1.37 -12.09 500.00 154.08 BBB- N/A 29.98 16.72
WFG-T WEST FRASER TIMBER CO LTD 1.35 30.80 34.00 30.51 BBB- Baa3 2.88 2.95
BAM-A-T BROOKFIELD ASSET MANAGE-CL A 1.14 7.54 8.30 4.56 A- Baa1 22.69 N/A
MX-T METHANEX CORP 1.10 -18.44 168.13 55.71 BB Ba1 5.11 8.30
TECK-B-T TECK RESOURCES LTD-CLS B 0.90 50.61 287.50 99.63 BBB- Baa3 3.71 7.38
ATD-B-T ALIMENTATION COUCHE-TARD -B 0.89 11.22 -9.52 N/A BBB Baa2 13.58 N/A
CP-T CANADIAN PACIFIC RAILWAY LTD 0.82 13.70 3.26 -3.36 BBB+ N/A 18.11 20.03
WCN-T WASTE CONNECTIONS INC 0.75 13.06 11.04 9.04 BBB+ Baa2 35.63 42.57
CCO-T CAMECO CORP 0.36 -27.52 0.00 27.18 BBB- N/A N/A N/A
SNC-T SNC-LAVALIN GROUP INC 0.33 -40.42 0.00 -24.32 BB+ N/A 14.02 60.19
DOL-T DOLLARAMA INC 0.30 8.57 11.28 34.29 BBB N/A 9.16 31.48
HBM-T HUDBAY MINERALS INC 0.28 0.00 0.00 -15.30 B B2 N/A N/A
GFL-T GFL ENVIRONMENTAL INC-SUB VT 0.16 N/A 5.86 -6.30 B+ B1 N/A N/A
FM-T FIRST QUANTUM MINERALS LTD 0.03 0.00 0.00 20.98 B+ N/A 0.83 16.67
Source: Bloomberg
Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. Sign up today .