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.
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 CJR-B-T CORUS ENTERTAINMENT INC-B SH 10.96 -26.77 0.00 -52.41 BB N-A N-A 4.29 AQN-T ALGONQUIN POWER & UTILITIES 9.93 8.82 10.75 -41.48 BBB N-A 165.34 9.52 SPB-T SUPERIOR PLUS CORP 7.19 0.00 0.00 -23.58 BB- N-A N-A 95.89 ENB-T ENBRIDGE INC 6.66 7.35 2.99 18.17 BBB+ Baa1 116.18 18.10 GWO-T GREAT-WEST LIFECO INC 6.49 5.95 8.65 -15.55 A+ N-A 53.58 1.37 AP-UN-T ALLIED PROPERTIES REAL ESTAT 6.39 2.67 2.91 -34.58 N-A Baa2 48.86 29.16 KEY-T KEYERA CORP 6.37 3.17 0.00 12.62 BBB- N-A 130.89 12.86 TRP-T TC ENERGY CORP 6.21 7.91 4.39 5.62 BBB+ Baa2 187.82 13.28 GEI-T GIBSON ENERGY INC 6.18 2.04 5.04 13.49 BBB- Ba2 141.43 18.55 POW-T POWER CORP OF CANADA 6.04 7.02 10.61 -17.10 A+ N-A 42.63 13.82 BNS-T BANK OF NOVA SCOTIA 5.97 5.89 12.78 -16.38 A+ N-A 50.41 8.06 CAS-T CASCADES INC 5.87 24.57 20.00 -38.57 BB- Ba2 N-A 74.72 CM-T CAN IMPERIAL BK OF COMMERCE 5.86 5.18 11.99 -13.88 A+ N-A 48.83 8.56 BCE-T BCE INC 5.81 5.10 5.13 2.31 BBB+ Baa2 117.09 18.62 LB-T LAURENTIAN BANK OF CANADA 5.80 -6.27 11.25 -13.26 BBB N-A 154.91 6.25 CRT-UN-T CT REAL ESTATE INVESTMENT TR 5.69 4.05 3.94 -4.93 BBB N-A 91.62 28.03 IGM-T IGM FINANCIAL INC 5.63 0.00 0.00 -11.95 A N-A 54.89 10.21 PPL-T PEMBINA PIPELINE CORP 5.63 4.71 0.89 31.08 BBB N-A 126.23 12.94 MFC-T MANULIFE FINANCIAL CORP 5.52 9.99 12.82 6.53 A N-A 32.98 2.72 RUS-T RUSSEL METALS INC 5.41 0.00 0.00 -11.70 BB+ Ba1 22.07 4.32 TCL-A-T TRANSCONTINENTAL INC-CL A 5.29 2.77 0.00 -12.59 BBB- N-A 59.95 11.94 CIX-T CI FINANCIAL CORP 5.14 -12.42 0.00 -49.28 BBB- Baa2 35.78 5.80 EMA-T EMERA INC 5.13 4.66 3.98 -7.46 BBB Baa3 128.82 13.12 SU-T SUNCOR ENERGY INC 5.07 7.99 79.05 36.30 BBB Baa1 37.96 5.86 CHP-UN-T CHOICE PROPERTIES REIT 5.03 0.34 0.00 6.60 BBB N-A 2325.65 7.75 T-T TELUS CORP 5.00 6.60 6.66 1.24 BBB Baa1 103.37 20.75 REI-UN-T RIOCAN REAL ESTATE INVST TR 4.93 -6.46 1.00 -0.96 BBB N-A 50.83 15.43 CPX-T CAPITAL POWER CORP 4.77 6.96 6.59 31.11 BBB- N-A 505.52 15.22 CU-T CANADIAN UTILITIES LTD-A 4.76 4.44 1.00 11.15 BBB+ N-A 144.73 13.15 BEP-UN-T BROOKFIELD RENEWABLE PARTNER 4.73 0.60 9.78 -10.20 BBB+ N-A N-A N-A SLF-T SUN LIFE FINANCIAL INC 4.64 9.60 19.48 -5.59 A+ N-A 34.41 11.12 CTC-A-T CANADIAN TIRE CORP-CLASS A 4.60 17.61 24.47 -13.14 BBB N-A 26.67 8.70 CNQ-T CANADIAN NATURAL RESOURCES 4.59 32.18 117.15 48.60 BBB- Baa1 30.79 7.29 BMO-T BANK OF MONTREAL 4.54 8.85 28.30 -4.99 A+ N-A 27.31 9.50 ALA-T ALTAGAS LTD 4.53 -12.84 6.04 2.09 BBB- N-A 122.17 48.55 ACO-X-T ATCO LTD -CLASS I 4.31 7.11 2.99 8.63 BBB+ N-A 83.22 11.80 BIP-UN-T BROOKFIELD INFRASTRUCTURE PA 4.29 4.49 10.30 1.13 BBB+ N-A 108.86 203.80 TD-T TORONTO-DOMINION BANK 4.25 8.66 12.66 -2.03 AA- N-A 37.52 10.23 NA-T NATIONAL BANK OF CANADA 4.15 9.44 26.06 0.79 A N-A 36.83 9.73 FTS-T FORTIS INC 4.13 5.95 5.85 -1.87 A- Baa3 79.85 20.34 RY-T ROYAL BANK OF CANADA 4.06 7.34 14.81 5.13 AA- N-A 44.68 11.94 CCA-T COGECO COMMUNICATIONS INC 4.03 10.37 10.13 -20.91 BB+ N-A 30.80 7.91 GRT-UN-T GRANITE REAL ESTATE INVESTME 4.03 3.55 3.32 -22.56 N-A (P)Baa2 14.71 18.90 IAG-T IA FINANCIAL CORP INC 3.58 12.70 25.00 10.30 A N-A 26.99 3.12 ABX-T BARRICK GOLD CORP 3.53 40.38 -13.14 2.53 BBB+ Baa1 32.55 18.58 RCI-B-T ROGERS COMMUNICATIONS INC-B 3.32 0.82 0.00 9.45 BBB+ *- Baa1 *- 64.83 16.66 OTEX-T OPEN TEXT CORP 3.29 12.50 13.83 -35.46 BB+ Ba2 60.36 35.39 QSR-T RESTAURANT BRANDS INTERN 3.26 23.46 4.53 25.51 BB N-A 78.42 24.74 SJR-B-T SHAW COMMUNICATIONS INC-B 3.24 0.00 0.00 1.45 BBB- Baa2 *- 83.85 24.20 GSY-T GOEASY LTD 3.14 38.51 39.51 -32.37 BB- Ba3 24.90 11.90 H-T HYDRO ONE LTD 3.04 4.89 3.73 23.11 A- N-A 65.18 21.69 MG-T MAGNA INTERNATIONAL INC 3.04 10.21 8.49 -18.97 A- A3 33.95 12.33 AEM-T AGNICO EAGLE MINES LTD 3.03 31.25 18.31 18.16 NR Baa2 62.61 31.14 K-T KINROSS GOLD CORP 2.86 N-A 3.72 -11.28 BBB- Baa3 0.00 24.44 FTT-T FINNING INTERNATIONAL INC 2.77 4.60 8.49 7.53 BBB+ N-A 38.94 11.54 NTR-T NUTRIEN LTD 2.46 N-A 6.49 20.19 BBB Baa2 33.24 5.77 IMO-T IMPERIAL OIL LTD 2.41 18.30 41.75 62.90 AA- N-A 29.41 7.50 YRI-T YAMANA GOLD INC 2.14 42.74 13.13 56.77 BBB- Baa3 71.05 20.57 SAP-T SAPUTO INC 2.09 3.04 1.41 21.92 N-A Baa1 109.01 27.75 EFN-T ELEMENT FLEET MANAGEMENT COR 2.04 4.40 19.23 53.41 BBB N-A 35.21 21.25 MX-T METHANEX CORP 2.02 -13.16 147.32 1.38 BB Ba1 5.11 5.70 IFC-T INTACT FINANCIAL CORP 1.95 9.36 17.77 29.12 N-A Baa1 27.42 14.96 RBA-T RITCHIE BROS AUCTIONEERS 1.86 8.74 14.45 -8.87 BB+ Ba2 *- 70.46 33.83 TA-T TRANSALTA CORP 1.76 5.08 10.81 -6.26 BB+ Ba1 N-A 38.61 CVE-T CENOVUS ENERGY INC 1.71 14.52 650.48 59.18 BBB- Baa2 29.98 9.20 CNR-T CANADIAN NATL RAILWAY CO 1.70 12.17 19.11 6.55 A A2 35.63 24.19 FFH-T FAIRFAX FINANCIAL HLDGS LTD 1.58 -0.88 -1.30 38.33 BBB Baa3 7.73 20.94 CCL-B-T CCL INDUSTRIES INC - CL B 1.57 15.12 14.81 -4.12 BBB Baa2 25.20 17.83 TRI-T THOMSON REUTERS CORP 1.55 3.02 13.87 3.86 BBB Baa2 14.06 75.77 WFG-T WEST FRASER TIMBER CO LTD 1.54 33.59 51.28 -6.34 BBB- Baa3 2.88 3.26 MRU-T METRO INC/CN 1.38 11.10 10.00 25.76 BBB N-A 31.19 21.31 L-T LOBLAW COMPANIES LTD 1.33 7.76 12.41 28.51 BBB N-A 25.34 19.89 BAM-A-T BROOKFIELD ASSET MANAGE-CL A 1.29 8.52 12.22 -18.65 A- Baa1 22.69 67.24 TECK-B-T TECK RESOURCES LTD-CLS B 1.00 35.84 362.50 46.46 BBB- Baa3 3.71 5.18 FM-T FIRST QUANTUM MINERALS LTD 1.00 75.18 N-A 8.97 B+ N-A 0.83 12.80 ATD-B-T ALIMENTATION COUCHE-TARD -B 0.89 -9.38 -70.47 N-A BBB Baa2 16.52 N-A WCN-T WASTE CONNECTIONS INC 0.71 13.30 16.23 13.89 BBB+ Baa2 35.63 41.96 CP-T CANADIAN PACIFIC RAILWAY LTD 0.70 12.33 0.00 19.99 BBB+ N-A 18.11 30.32 CCO-T CAMECO CORP 0.40 -21.40 50.00 3.73 BBB- N-A N-A 102.22 SNC-T SNC-LAVALIN GROUP INC 0.32 -40.71 0.00 -21.04 BB+ N-A 14.02 34.77 HBM-T HUDBAY MINERALS INC 0.27 0.00 0.00 -19.24 B B1 N-A 8.11 DOL-T DOLLARAMA INC 0.26 8.57 9.25 46.62 BBB N-A 9.16 33.09 GFL-T GFL ENVIRONMENTAL INC-SUB VT 0.17 N-A 13.37 -18.85 B+ B1 N-A N-A
Source: Bloomberg
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Scott Barlow