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 11.88 -26.77 0.00 -52.00 BB N-A N-A 4.02 AQN-T ALGONQUIN POWER & UTILITIES 9.94 8.82 10.75 -40.92 BBB N-A 165.34 9.61 SPB-T SUPERIOR PLUS CORP 7.16 0.00 0.00 -18.26 BB- N-A N-A 97.94 ENB-T ENBRIDGE INC 6.68 7.35 2.99 18.62 BBB+ Baa1 116.18 18.05 KEY-T KEYERA CORP 6.65 3.17 0.00 10.29 BBB- N-A 130.89 12.29 AP-UN-T ALLIED PROPERTIES REAL ESTAT 6.57 2.67 2.91 -35.64 N-A Baa2 48.86 28.63 GWO-T GREAT-WEST LIFECO INC 6.53 5.95 8.65 -16.31 A+ N-A 53.58 1.36 TRP-T TC ENERGY CORP 6.36 7.91 4.39 2.10 BBB+ Baa2 187.82 12.95 BNS-T BANK OF NOVA SCOTIA 6.29 5.89 12.78 -20.78 A+ N-A 50.41 7.75 GEI-T GIBSON ENERGY INC 6.28 2.04 5.04 14.91 BBB- Ba2 141.43 18.25 CAS-T CASCADES INC 6.18 24.57 20.00 -40.23 BB- Ba2 N-A 70.97 CM-T CAN IMPERIAL BK OF COMMERCE 6.11 5.18 11.99 -19.88 A+ N-A 48.83 8.19 BCE-T BCE INC 6.06 5.10 5.14 -1.30 BBB+ Baa2 117.09 17.83 POW-T POWER CORP OF CANADA 6.06 7.02 10.61 -19.93 A+ N-A 42.63 13.69 IGM-T IGM FINANCIAL INC 5.95 0.00 0.00 -13.45 A N-A 54.89 9.94 TCL-A-T TRANSCONTINENTAL INC-CL A 5.81 2.77 0.00 -18.19 BBB- N-A 55.33 10.21 PPL-T PEMBINA PIPELINE CORP 5.73 4.77 1.19 28.15 BBB N-A 126.23 12.62 CRT-UN-T CT REAL ESTATE INVESTMENT TR 5.61 4.05 3.94 -3.08 BBB N-A 91.62 28.31 LB-T LAURENTIAN BANK OF CANADA 5.58 -6.27 11.25 -14.03 BBB N-A 35.90 6.47 MFC-T MANULIFE FINANCIAL CORP 5.52 9.99 12.82 7.44 A N-A 32.98 2.71 RUS-T RUSSEL METALS INC 5.35 0.00 0.00 -8.67 BB+ Ba1 22.07 4.31 CIX-T CI FINANCIAL CORP 5.28 -12.42 0.00 -46.62 BBB- Baa2 35.78 5.76 EMA-T EMERA INC 5.18 4.66 3.98 -10.16 BBB Baa3 128.82 13.23 T-T TELUS CORP 5.14 6.60 6.66 -2.64 BBB Baa1 103.37 20.16 SU-T SUNCOR ENERGY INC 4.98 7.99 79.05 43.91 BBB Baa1 37.96 6.02 CHP-UN-T CHOICE PROPERTIES REIT 4.89 0.34 0.00 9.49 BBB N-A 2325.65 7.99 REI-UN-T RIOCAN REAL ESTATE INVST TR 4.88 -6.46 1.00 -1.15 BBB N-A 50.83 15.53 CPX-T CAPITAL POWER CORP 4.76 6.96 6.59 31.93 BBB- N-A 505.52 15.25 BMO-T BANK OF MONTREAL 4.74 8.85 28.30 -7.99 A+ N-A 27.31 9.13 ALA-T ALTAGAS LTD 4.74 -12.84 6.04 -7.24 BBB- N-A 122.17 46.85 CU-T CANADIAN UTILITIES LTD-A 4.72 4.44 1.00 9.62 BBB+ N-A 144.73 13.37 CTC-A-T CANADIAN TIRE CORP-CLASS A 4.71 17.61 24.47 -14.02 BBB N-A 26.67 8.45 BEP-UN-T BROOKFIELD RENEWABLE PARTNER 4.71 0.60 9.78 -12.30 BBB+ N-A N-A N-A SLF-T SUN LIFE FINANCIAL INC 4.61 9.60 19.48 -6.22 A+ N-A 34.41 11.07 CNQ-T CANADIAN NATURAL RESOURCES 4.58 33.13 130.29 55.07 BBB- Baa1 30.79 7.26 TD-T TORONTO-DOMINION BANK 4.42 8.66 12.66 -5.41 AA- N-A 37.52 9.89 BIP-UN-T BROOKFIELD INFRASTRUCTURE PA 4.34 4.49 10.30 -4.58 BBB+ N-A 108.86 192.98 ACO-X-T ATCO LTD -CLASS I 4.25 7.11 2.99 5.92 BBB+ N-A 83.22 11.89 NA-T NATIONAL BANK OF CANADA 4.17 9.44 26.06 -0.10 A N-A 36.83 9.66 CCA-T COGECO COMMUNICATIONS INC 4.15 10.37 10.13 -20.23 BB+ N-A 30.80 7.79 GRT-UN-T GRANITE REAL ESTATE INVESTME 4.12 3.55 3.32 -23.41 N-A (P)Baa2 14.71 18.70 RY-T ROYAL BANK OF CANADA 4.12 7.34 14.81 1.31 AA- N-A 44.68 11.66 FTS-T FORTIS INC 4.06 5.95 5.85 -3.97 A- Baa3 79.85 20.74 ABX-T BARRICK GOLD CORP 3.58 40.38 -13.14 0.18 BBB+ A3 32.55 18.51 IAG-T IA FINANCIAL CORP INC 3.52 12.70 25.00 10.40 A N-A 26.99 3.17 OTEX-T OPEN TEXT CORP 3.31 12.50 13.83 -31.79 BB+ Ba2 60.36 36.59 GSY-T GOEASY LTD 3.30 38.51 39.51 -34.61 BB- Ba3 24.90 11.46 RCI-B-T ROGERS COMMUNICATIONS INC-B 3.27 0.82 0.00 10.36 BBB+ *- Baa1 *- 64.83 16.69 SJR-B-T SHAW COMMUNICATIONS INC-B 3.24 0.00 0.00 1.45 BBB- Baa2 *- 83.85 24.12 QSR-T RESTAURANT BRANDS INTERN 3.19 22.40 4.53 29.85 BB N-A 78.42 24.97 AEM-T AGNICO EAGLE MINES LTD 3.14 31.25 18.31 8.91 NR Baa2 62.61 30.51 MG-T MAGNA INTERNATIONAL INC 3.02 10.21 8.49 -17.68 A- A3 33.95 12.30 H-T HYDRO ONE LTD 3.01 4.90 5.00 19.27 A- N-A 65.18 21.59 K-T KINROSS GOLD CORP 2.91 N-A 3.72 -16.82 BBB- Baa3 0.00 23.60 FTT-T FINNING INTERNATIONAL INC 2.81 4.60 8.49 10.73 BBB+ N-A 38.94 11.38 IMO-T IMPERIAL OIL LTD 2.72 18.30 41.75 54.36 AA- N-A 29.41 6.89 NTR-T NUTRIEN LTD 2.56 N-A 6.49 14.54 BBB Baa2 33.24 5.67 YRI-T YAMANA GOLD INC 2.21 42.74 13.13 48.36 BBB- Baa3 71.05 20.03 SAP-T SAPUTO INC 2.13 3.04 1.41 23.28 N-A Baa1 109.01 27.28 EFN-T ELEMENT FLEET MANAGEMENT COR 2.13 4.40 19.23 51.44 BBB N-A 35.21 20.67 IFC-T INTACT FINANCIAL CORP 2.02 9.34 17.65 24.52 N-A Baa1 27.42 14.54 RBA-T RITCHIE BROS AUCTIONEERS 1.91 8.74 14.45 -5.15 BB+ Ba2 *- 70.46 32.87 MX-T METHANEX CORP 1.90 -11.63 99.23 -1.49 BB Ba1 5.11 5.76 CNR-T CANADIAN NATL RAILWAY CO 1.74 12.17 19.11 4.12 A A2 35.63 23.78 TA-T TRANSALTA CORP 1.72 5.08 10.81 -3.17 BB+ Ba1 N-A 39.44 CVE-T CENOVUS ENERGY INC 1.69 18.33 430.29 68.05 BBB- Baa2 29.98 9.34 CCL-B-T CCL INDUSTRIES INC - CL B 1.63 15.85 14.29 -8.49 BBB Baa2 25.20 17.18 WFG-T WEST FRASER TIMBER CO LTD 1.62 33.59 51.28 -9.77 BBB- Baa3 2.88 3.15 FFH-T FAIRFAX FINANCIAL HLDGS LTD 1.55 -0.88 -1.30 38.36 BBB Baa3 7.73 21.32 TRI-T THOMSON REUTERS CORP 1.52 3.02 13.87 5.95 BBB Baa2 14.06 75.34 MRU-T METRO INC/CN 1.43 11.10 10.00 17.98 BBB N-A 31.19 21.05 L-T LOBLAW COMPANIES LTD 1.33 8.11 12.86 19.63 BBB N-A 25.34 19.37 FM-T FIRST QUANTUM MINERALS LTD 1.16 75.18 N-A 0.78 B+ N-A 0.83 10.96 TECK-B-T TECK RESOURCES LTD-CLS B 0.99 10.76 400.00 49.10 BBB- Baa3 3.71 5.18 ATD-B-T ALIMENTATION COUCHE-TARD -B 0.89 -9.38 -70.47 N-A BBB Baa2 16.52 N-A CP-T CANADIAN PACIFIC RAILWAY LTD 0.73 12.33 0.00 11.49 BBB+ N-A 18.11 29.01 WCN-T WASTE CONNECTIONS INC 0.72 13.30 16.23 11.76 BBB+ Baa2 35.63 41.18 CCO-T CAMECO CORP 0.40 -21.40 50.00 7.18 BBB- N-A N-A 102.08 SNC-T SNC-LAVALIN GROUP INC 0.34 -40.71 0.00 -22.95 BB+ N-A 14.02 32.67 HBM-T HUDBAY MINERALS INC 0.29 0.00 0.00 -17.50 B B1 N-A 7.74 DOL-T DOLLARAMA INC 0.28 8.57 9.25 32.28 BBB N-A 9.16 31.12 GFL-T GFL ENVIRONMENTAL INC-SUB VT 0.17 N-A 13.37 -13.61 B+ B1 N-A N-A
Source: Bloomberg
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