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 CJR-B-T CORUS ENTERTAINMENT INC-B SH 7.02 -26.77 0.00 -39.36 BB N/A 28.98 4.94 GWO-T GREAT-WEST LIFECO INC 6.53 6.00 8.90 -14.56 A+ N/A 53.58 4.04 IGM-T IGM FINANCIAL INC 6.50 0.00 0.00 -16.85 A N/A 54.89 8.36 KEY-T KEYERA CORP 6.50 3.75 0.00 -4.83 BBB- N/A 130.89 15.18 SPB-T SUPERIOR PLUS CORP 6.43 0.00 0.00 -24.24 BB- N/A N/A 58.78 ENB-T ENBRIDGE INC 6.39 8.51 3.04 16.27 BBB+ Baa1 116.18 18.74 RUS-T RUSSEL METALS INC 6.27 0.00 0.00 -25.15 BB+ Ba1 22.07 3.37 TCL-A-T TRANSCONTINENTAL INC-CL A 6.09 3.17 0.00 -33.90 BBB- N/A 59.95 11.42 MFC-T MANULIFE FINANCIAL CORP 6.02 10.24 13.39 -4.43 A N/A 32.98 7.36 POW-T POWER CORP OF CANADA 5.99 7.22 7.96 -11.21 A+ N/A 42.63 8.83 GEI-T GIBSON ENERGY INC 5.98 1.76 4.35 12.08 BBB- Ba2 141.43 23.49 BCE-T BCE INC 5.75 5.10 5.12 8.57 BBB+ Baa2 117.09 18.86 BNS-T BANK OF NOVA SCOTIA 5.75 5.55 9.17 -5.08 A+ N/A 46.54 8.53 CM-T CAN IMPERIAL BK OF COMMERCE 5.60 4.91 8.56 -13.80 A+ N/A 41.81 8.03 CRT-UN-T CT REAL ESTATE INVESTMENT TR 5.56 4.00 4.57 -3.61 BBB N/A 91.62 22.87 PPL-T PEMBINA PIPELINE CORP 5.55 5.26 0.00 22.91 BBB N/A 126.23 15.74 CHP-UN-T CHOICE PROPERTIES REIT 5.45 0.69 0.00 -3.09 BBB N/A 2325.65 N/A TRP-T TC ENERGY CORP 5.43 8.26 5.36 13.26 BBB+ Baa2 187.82 15.16 AP-UN-T ALLIED PROPERTIES REAL ESTAT 5.41 2.60 2.97 -26.82 N/A Baa2 48.86 42.95 CIX-T CI FINANCIAL CORP 5.35 -12.26 0.00 -38.53 BBB- Baa2 35.78 4.83 AQN-T ALGONQUIN POWER & UTILITIES 5.35 8.28 8.25 -3.33 BBB N/A 165.34 26.58 REI-UN-T RIOCAN REAL ESTATE INVST TR 5.21 -6.92 -17.92 -10.58 BBB N/A 50.83 11.31 CAS-T CASCADES INC 4.96 24.57 50.00 -37.55 BB- Ba2 N/A N/A ABX-T BARRICK GOLD CORP 4.95 48.86 57.62 -19.97 BBB+ Baa1 32.55 14.58 CNQ-T CANADIAN NATURAL RESOURCES 4.91 19.95 42.88 49.76 BBB- Baa1 30.79 8.52 SLF-T SUN LIFE FINANCIAL INC 4.88 8.79 16.36 -8.29 A+ N/A 34.41 8.91 SU-T SUNCOR ENERGY INC 4.86 4.50 80.95 48.05 BBB+ Baa1 37.96 9.50 CPX-T CAPITAL POWER CORP 4.73 7.02 6.83 19.45 BBB- N/A 505.52 23.40 T-T TELUS CORP 4.70 6.49 6.48 7.49 BBB+ Baa1 103.37 25.99 LB-T LAURENTIAN BANK OF CANADA 4.67 -6.65 8.12 -6.26 BBB N/A 154.91 7.93 BMO-T BANK OF MONTREAL 4.66 6.55 12.74 -2.14 A+ N/A 36.56 8.63 TD-T TORONTO-DOMINION BANK 4.55 8.51 9.49 -4.08 AA- N/A 40.86 9.76 CU-T CANADIAN UTILITIES LTD-A 4.42 5.31 1.01 20.42 BBB+ N/A 144.73 19.46 NA-T NATIONAL BANK OF CANADA 4.42 8.42 18.66 -8.92 A N/A 31.36 8.51 RY-T ROYAL BANK OF CANADA 4.29 6.43 5.56 -4.58 AA- N/A 39.02 10.41 EMA-T EMERA INC 4.28 4.66 3.96 12.04 BBB Baa3 128.82 15.94 GRT-UN-T GRANITE REAL ESTATE INVESTME 4.17 3.83 3.31 -11.96 N/A (P)Baa2 14.71 N/A QSR-T RESTAURANT BRANDS INTERN 4.16 23.99 2.79 -13.37 BB N/A 78.42 15.75 IAG-T IA FINANCIAL CORP INC 4.05 11.99 21.65 -4.30 A N/A 26.99 N/A ACO-X-T ATCO LTD -CLASS I 4.05 8.24 3.00 8.04 BBB+ N/A 83.22 20.46 CTC-A-T CANADIAN TIRE CORP-CLASS A 3.90 15.10 7.03 -9.13 BBB N/A 26.67 8.65 ALA-T ALTAGAS LTD 3.84 -12.70 7.82 8.99 BBB- N/A 122.17 35.23 FTT-T FINNING INTERNATIONAL INC 3.82 4.53 11.10 -19.84 BBB+ N/A 38.94 10.49 GSY-T GOEASY LTD 3.76 38.78 41.44 -37.80 BB- Ba3 24.90 10.45 AEM-T AGNICO EAGLE MINES LTD 3.72 29.12 20.17 -26.56 NR Baa2 62.61 24.06 K-T KINROSS GOLD CORP 3.71 N/A 0.06 -48.62 BBB- Baa3 0.00 12.63 BIP-UN-T BROOKFIELD INFRASTRUCTURE PA 3.67 4.02 5.74 12.37 BBB+ N/A 108.86 33.37 BEP-UN-T BROOKFIELD RENEWABLE PARTNER 3.57 -0.34 5.41 0.89 BBB+ N/A N/A N/A SJR-B-T SHAW COMMUNICATIONS INC-B 3.50 0.00 0.00 -3.03 BBB- Baa2 *- 61.07 19.95 FTS-T FORTIS INC 3.47 6.02 5.90 14.42 A- Baa3 79.85 23.85 RCI-B-T ROGERS COMMUNICATIONS INC-B 3.37 0.82 0.00 -7.99 BBB+ *- Baa1 *- 64.83 15.80 MG-T MAGNA INTERNATIONAL INC 3.30 10.00 6.82 -33.75 A- A3 33.95 10.79 CCA-T COGECO COMMUNICATIONS INC 3.29 10.40 10.20 -26.84 BB+ N/A 30.22 9.29 H-T HYDRO ONE LTD 3.16 4.88 5.00 19.31 A- N/A 65.18 21.09 NTR-T NUTRIEN LTD 2.63 N/A 2.58 25.13 BBB Baa2 33.24 8.88 YRI-T YAMANA GOLD INC 2.58 41.88 24.32 11.98 BBB- Baa3 71.05 18.43 IMO-T IMPERIAL OIL LTD 2.55 14.87 31.18 55.53 AA- N/A 29.41 11.48 SAP-T SAPUTO INC 2.37 3.71 2.86 -14.99 N/A Baa1 109.01 34.91 EFN-T ELEMENT FLEET MANAGEMENT COR 2.27 8.27 23.96 -0.96 BBB N/A 35.21 17.77 OTEX-T OPEN TEXT CORP 2.26 12.02 13.54 -21.21 BB+ Ba1 68.16 20.66 IFC-T INTACT FINANCIAL CORP 2.20 8.92 12.65 9.57 N/A Baa1 27.42 15.17 ITP-T INTERTAPE POLYMER GROUP INC 2.18 3.21 10.61 N/A NR WR 56.98 34.52 MX-T METHANEX CORP 2.05 -14.91 250.54 10.24 BB Ba1 5.11 5.41 CVE-T CENOVUS ENERGY INC 2.02 -0.76 450.00 96.50 BBB- N/A 29.98 11.32 CNR-T CANADIAN NATL RAILWAY CO 2.02 11.34 13.24 11.72 A A2 35.63 24.11 FFH-T FAIRFAX FINANCIAL HLDGS LTD 1.83 -0.88 -1.30 28.86 BBB Baa3 7.73 34.40 TRI-T THOMSON REUTERS CORP 1.66 1.53 8.08 9.84 BBB Baa2 14.06 33.85 CCL-B-T CCL INDUSTRIES INC - CL B 1.58 15.92 15.38 -9.30 BBB Baa2 25.20 18.16 MRU-T METRO INC/CN 1.54 11.66 10.53 17.61 BBB N/A 29.91 20.65 TECK-B-T TECK RESOURCES LTD-CLS B 1.48 41.47 325.00 21.58 BBB- Baa3 3.71 4.48 RBA-T RITCHIE BROS AUCTIONEERS 1.46 6.94 13.16 20.18 BB+ Ba2 70.46 39.64 WFG-T WEST FRASER TIMBER CO LTD 1.45 34.00 42.30 21.74 BBB- Baa3 2.88 2.74 L-T LOBLAW COMPANIES LTD 1.35 7.39 13.64 53.50 BBB N/A 25.34 20.68 TA-T TRANSALTA CORP 1.33 4.04 11.43 22.95 BB+ Ba1 N/A 439.57 BAM-A-T BROOKFIELD ASSET MANAGE-CL A 1.25 7.54 8.30 -9.96 A- Baa1 22.69 N/A ATD-B-T ALIMENTATION COUCHE-TARD -B 0.89 11.22 -14.29 N/A BBB Baa2 16.52 N/A CP-T CANADIAN PACIFIC RAILWAY LTD 0.83 13.00 0.00 1.17 BBB+ N/A 18.11 19.79 WCN-T WASTE CONNECTIONS INC 0.73 13.06 11.04 6.50 BBB+ Baa2 35.63 42.74 HBM-T HUDBAY MINERALS INC 0.48 0.00 0.00 -52.16 B B1 N/A N/A CCO-T CAMECO CORP 0.41 -27.52 0.00 32.75 BBB- N/A N/A N/A SNC-T SNC-LAVALIN GROUP INC 0.35 -40.42 0.00 -27.97 BB+ N/A 14.02 55.44 DOL-T DOLLARAMA INC 0.29 8.57 10.23 34.27 BBB N/A 9.16 33.16 GFL-T GFL ENVIRONMENTAL INC-SUB VT 0.19 N/A 9.41 -19.22 B+ B1 N/A N/A FM-T FIRST QUANTUM MINERALS LTD 0.05 0.00 0.00 -26.97 B+ N/A 0.83 9.38
Source: Bloomberg
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Scott Barlow