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 of 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 SPB-T SUPERIOR PLUS CORP 6.37 0.00 0.00 -17.02 BB- N-A N-A 34.14 CJR-B-T CORUS ENTERTAINMENT INC-B SH 6.09 -26.77 0.00 -29.79 BB N-A 28.98 5.70 GWO-T GREAT-WEST LIFECO INC 5.94 6.00 8.90 -12.12 A+ N-A 53.58 1.79 ENB-T ENBRIDGE INC 6.14 7.92 3.02 24.71 BBB+ Baa1 116.18 19.85 KEY-T KEYERA CORP 5.98 3.46 0.00 16.59 BBB- N-A 130.89 14.08 GEI-T GIBSON ENERGY INC 5.87 1.76 4.35 23.02 BBB- Ba2 141.43 24.15 IGM-T IGM FINANCIAL INC 5.91 0.00 0.00 -11.02 A N-A 54.89 9.48 BCE-T BCE INC 5.63 5.10 5.12 6.63 BBB+ Baa2 117.09 18.76 TRP-T TC ENERGY CORP 5.59 8.26 5.36 16.00 BBB+ Baa2 187.82 15.21 POW-T POWER CORP OF CANADA 5.56 7.22 7.96 -11.61 A+ N-A 42.63 11.96 MFC-T MANULIFE FINANCIAL CORP 5.43 9.68 13.39 2.21 A N-A 32.98 2.72 TCL-A-T TRANSCONTINENTAL INC-CL A 5.17 3.17 0.00 -24.35 BBB- N-A 59.95 13.44 RUS-T RUSSEL METALS INC 5.12 0.00 0.00 -13.45 BB+ Ba1 22.07 4.09 PPL-T PEMBINA PIPELINE CORP 5.17 5.15 0.00 34.12 BBB N-A 126.23 16.17 CHP-UN-T CHOICE PROPERTIES REIT 5.16 0.62 0.00 0.92 BBB N-A 2325.65 16.63 BNS-T BANK OF NOVA SCOTIA 5.04 5.55 9.17 7.74 A+ N-A 46.54 9.73 AP-UN-T ALLIED PROPERTIES REAL ESTAT 5.26 2.61 2.96 -18.75 N-A Baa2 48.86 42.22 CRT-UN-T CT REAL ESTATE INVESTMENT TR 5.09 4.01 4.31 2.41 BBB N-A 91.62 31.58 CAS-T CASCADES INC 5.10 24.57 33.33 -33.61 BB- Ba2 N-A N-A AQN-T ALGONQUIN POWER & UTILITIES 5.04 8.28 8.25 -1.29 BBB N-A 165.34 28.60 CM-T CAN IMPERIAL BK OF COMMERCE 4.85 4.91 8.56 -2.56 A+ N-A 41.81 9.28 ABX-T BARRICK GOLD CORP 4.89 48.86 57.62 -10.15 BBB+ Baa1 32.55 15.18 REI-UN-T RIOCAN REAL ESTATE INVST TR 4.78 -6.83 -14.66 2.89 BBB N-A 50.83 16.26 CIX-T CI FINANCIAL CORP 4.58 -12.30 0.00 -32.30 BBB- Baa2 35.78 6.43 CPX-T CAPITAL POWER CORP 4.58 7.02 6.83 25.64 BBB- N-A 505.52 20.77 T-T TELUS CORP 4.48 6.49 6.48 9.80 BBB+ Baa1 103.37 25.11 SU-T SUNCOR ENERGY INC 4.40 4.50 80.95 97.64 BBB+ Baa1 37.96 7.05 SLF-T SUN LIFE FINANCIAL INC 4.43 8.79 16.36 -2.03 A+ N-A 34.41 9.85 CNQ-T CANADIAN NATURAL RESOURCES 4.14 19.95 42.88 93.56 BBB- Baa1 30.79 7.82 CU-T CANADIAN UTILITIES LTD-A 4.33 4.87 1.00 19.40 BBB+ N-A 144.73 15.15 EMA-T EMERA INC 4.24 4.86 3.92 9.38 BBB Baa3 128.82 15.86 BMO-T BANK OF MONTREAL 4.10 7.74 20.52 11.02 A+ N-A 36.56 9.80 LB-T LAURENTIAN BANK OF CANADA 4.23 -6.65 8.12 6.33 BBB N-A 154.91 8.75 TD-T TORONTO-DOMINION BANK 4.03 8.51 9.49 7.31 AA- N-A 40.86 11.03 NA-T NATIONAL BANK OF CANADA 3.92 8.42 18.66 0.02 A N-A 31.36 9.59 RY-T ROYAL BANK OF CANADA 3.95 6.96 10.19 3.06 AA- N-A 39.02 11.32 ACO-X-T ATCO LTD -CLASS I 3.84 8.24 3.00 16.95 BBB+ N-A 83.22 13.76 IAG-T IA FINANCIAL CORP INC 3.71 13.73 31.44 3.44 A N-A 26.99 2.79 GRT-UN-T GRANITE REAL ESTATE INVESTME 3.84 3.77 3.32 -6.46 N-A (P)Baa2 14.71 44.92 CTC-A-T CANADIAN TIRE CORP-CLASS A 3.84 16.42 15.82 -9.12 BBB N-A 26.67 9.37 ALA-T ALTAGAS LTD 3.62 -12.78 7.46 22.01 BBB- N-A 122.17 42.80 QSR-T RESTAURANT BRANDS INTERN 3.62 23.99 2.79 -0.13 BB N-A 78.42 18.75 AEM-T AGNICO EAGLE MINES LTD 3.63 29.12 20.17 -18.17 NR Baa2 62.61 25.50 FTS-T FORTIS INC 3.56 5.99 5.94 6.71 A- Baa3 79.85 23.06 BIP-UN-T BROOKFIELD INFRASTRUCTURE PA 3.45 4.02 5.74 17.32 BBB+ N-A 108.86 50.64 RCI-B-T ROGERS COMMUNICATIONS INC-B 3.41 0.82 0.00 -4.45 BBB+ *- Baa1 *- 64.83 15.22 K-T KINROSS GOLD CORP 3.45 N-A 1.87 -36.53 BBB- Baa3 0.00 23.52 SJR-B-T SHAW COMMUNICATIONS INC-B 3.38 0.00 0.00 -0.78 BBB- Baa2 *- 61.07 20.68 CCA-T COGECO COMMUNICATIONS INC 3.32 10.39 10.16 -24.54 BB+ N-A 30.22 9.18 FTT-T FINNING INTERNATIONAL INC 3.36 4.78 9.76 -11.78 BBB+ N-A 38.94 10.83 BEP-UN-T BROOKFIELD RENEWABLE PARTNER 3.26 -0.34 5.41 7.81 BBB+ N-A N-A N-A H-T HYDRO ONE LTD 3.12 4.88 5.00 16.83 A- N-A 65.18 20.94 GSY-T GOEASY LTD 2.65 38.78 41.44 -21.92 BB- Ba3 24.90 13.17 MG-T MAGNA INTERNATIONAL INC 2.81 10.22 6.73 -15.82 A- A3 33.95 14.06 IMO-T IMPERIAL OIL LTD 2.22 14.87 31.18 99.90 AA- N-A 29.41 7.87 YRI-T YAMANA GOLD INC 2.47 41.88 24.32 20.21 BBB- Baa3 71.05 18.43 SAP-T SAPUTO INC 2.13 3.71 2.86 -1.72 N-A Baa1 109.01 31.29 OTEX-T OPEN TEXT CORP 2.49 12.02 13.54 -23.45 BB+ Ba1 60.36 23.57 NTR-T NUTRIEN LTD 2.09 N-A 2.58 63.41 BBB Baa2 33.24 7.64 ITP-T INTERTAPE POLYMER GROUP INC 2.18 3.21 10.61 N-A NR WR 56.98 N-A IFC-T INTACT FINANCIAL CORP 2.04 8.92 12.65 13.64 N-A Baa1 27.42 14.40 EFN-T ELEMENT FLEET MANAGEMENT COR 1.78 8.27 23.96 29.26 BBB N-A 35.21 20.47 CVE-T CENOVUS ENERGY INC 1.74 -0.76 450.00 156.29 BBB- N-A 29.98 9.89 MX-T METHANEX CORP 1.83 -14.91 250.54 30.18 BB Ba1 5.11 5.93 FFH-T FAIRFAX FINANCIAL HLDGS LTD 1.85 -0.88 -1.30 21.50 BBB Baa3 7.73 29.01 CNR-T CANADIAN NATL RAILWAY CO 1.78 11.34 13.24 22.73 A A2 35.63 25.36 CCL-B-T CCL INDUSTRIES INC - CL B 1.46 15.92 15.38 -5.10 BBB Baa2 25.20 19.44 RBA-T RITCHIE BROS AUCTIONEERS 1.52 6.94 13.16 19.16 BB+ Ba2 70.46 43.67 MRU-T METRO INC/CN 1.53 11.66 10.53 14.77 BBB N-A 29.91 20.28 TRI-T THOMSON REUTERS CORP 1.53 2.08 10.61 5.39 BBB Baa2 14.06 246.17 FM-T FIRST QUANTUM MINERALS LTD 1.30 0.00 0.00 6.64 B+ N-A 0.83 8.97 TA-T TRANSALTA CORP 1.56 4.04 11.43 6.38 BB+ Ba1 N-A N-A L-T LOBLAW COMPANIES LTD 1.32 7.39 13.64 40.18 BBB N-A 25.34 20.96 TECK-B-T TECK RESOURCES LTD-CLS B 1.12 41.47 325.00 79.21 BBB- Baa3 3.71 4.48 WFG-T WEST FRASER TIMBER CO LTD 1.27 34.00 42.30 40.22 BBB- Baa3 2.88 3.73 BAM-A-T BROOKFIELD ASSET MANAGE-CL A 1.07 7.54 8.30 -2.26 A- Baa1 22.69 235.53 ATD-B-T ALIMENTATION COUCHE-TARD -B 0.89 10.40 -14.29 N-A BBB Baa2 16.52 N-A CP-T CANADIAN PACIFIC RAILWAY LTD 0.72 13.00 0.00 17.67 BBB+ N-A 18.11 30.23 WCN-T WASTE CONNECTIONS INC 0.65 12.95 13.51 14.24 BBB+ Baa2 35.63 45.42 HBM-T HUDBAY MINERALS INC 0.35 0.00 0.00 -16.94 B B1 N-A 37.93 CCO-T CAMECO CORP 0.38 -27.52 0.00 58.63 BBB- N-A N-A 255.90 SNC-T SNC-LAVALIN GROUP INC 0.30 -40.57 0.00 -19.96 BB+ N-A 14.02 45.03 DOL-T DOLLARAMA INC 0.27 8.57 10.23 36.85 BBB N-A 9.16 34.92 GFL-T GFL ENVIRONMENTAL INC-SUB VT 0.17 N-A 8.68 -11.10 B+ B1 N-A N-A
Source: Bloomberg
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Scott Barlow