The table below ranks all S&P/TSX Composite Index 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’s 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 CORUS ENTERTAINMENT INC-B SH 11.37 -26.77 0.00 -52.07 BB N/A N/A 4.20 ALGONQUIN POWER & UTILITIES 10.93 9.35 11.30 -47.86 BBB N/A 165.34 8.71 ALLIED PROPERTIES REAL ESTAT 6.76 2.69 2.89 -38.50 N/A Baa2 48.86 27.58 ENBRIDGE INC 6.70 7.35 2.99 14.68 BBB+ Baa1 116.18 18.06 TC ENERGY CORP 6.53 7.57 3.45 -3.28 BBB+ Baa2 187.82 12.30 SUPERIOR PLUS CORP 6.48 0.00 0.00 -7.26 BB- N/A N/A 110.10 KEYERA CORP 6.45 3.08 0.00 10.22 BBB- N/A 130.89 12.57 GIBSON ENERGY INC 6.30 2.31 5.71 11.94 BBB- Ba2 141.43 18.26 GREAT-WEST LIFECO INC 6.21 5.95 8.65 -11.91 A+ N/A 53.58 1.43 CAN IMPERIAL BK OF COMMERCE 6.19 5.22 10.68 -21.44 A+ N/A 48.83 8.09 POWER CORP OF CANADA 6.17 7.02 7.76 -19.27 A+ N/A 42.63 13.33 BCE INC 6.17 5.10 5.14 -3.88 BBB+ Baa2 117.09 17.55 BANK OF NOVA SCOTIA 6.15 5.54 12.78 -22.52 A+ N/A 50.41 7.88 IGM FINANCIAL INC 5.92 0.00 0.00 -11.56 A N/A 54.89 10.01 TRANSCONTINENTAL INC-CL A 5.84 2.77 0.00 -19.99 BBB- N/A 55.33 10.15 CT REAL ESTATE INVESTMENT TR 5.78 4.04 3.85 -5.45 BBB N/A 91.62 28.47 PEMBINA PIPELINE CORP 5.71 4.56 1.19 26.68 BBB N/A 126.23 12.74 CASCADES INC 5.59 24.57 20.00 -35.84 BB- Ba2 N/A 78.10 LAURENTIAN BANK OF CANADA 5.53 -6.21 9.76 -13.27 BBB N/A 35.90 6.50 MANULIFE FINANCIAL CORP 5.44 9.99 12.82 6.56 A N/A 32.98 2.75 RUSSEL METALS INC 5.41 0.00 0.00 -9.95 BB+ Ba1 22.07 4.37 TELUS CORP 5.34 6.60 6.66 -7.28 BBB Baa1 103.37 19.48 EMERA INC 5.21 4.66 3.98 -13.33 BBB Baa3 128.82 13.00 CI FINANCIAL CORP 5.20 -12.45 0.00 -45.21 BBB- Baa2 35.78 5.84 CHOICE PROPERTIES REIT 5.07 0.27 0.00 2.39 BBB N/A 2325.65 7.79 BROOKFIELD RENEWABLE PARTNER 5.04 0.60 9.78 -20.92 BBB+ N/A N/A N/A CAPITAL POWER CORP 4.97 6.90 6.37 24.25 BBB- N/A 505.52 14.59 SUNCOR ENERGY INC 4.94 7.99 79.05 40.25 BBB Baa1 37.96 6.13 BROOKFIELD INFRASTRUCTURE PA 4.83 4.49 10.30 -14.44 BBB+ N/A 108.86 182.82 RIOCAN REAL ESTATE INVST TR 4.83 -6.36 5.73 -3.87 BBB N/A 50.83 15.62 ALTAGAS LTD 4.81 -12.90 6.04 -9.97 BBB- N/A 122.17 46.83 CANADIAN TIRE CORP-CLASS A 4.76 17.61 24.47 -18.75 BBB N/A 26.67 8.21 CANADIAN UTILITIES LTD-A 4.74 4.44 1.00 5.56 BBB+ N/A 144.73 13.12 SUN LIFE FINANCIAL INC 4.65 9.60 19.48 -5.93 A+ N/A 34.41 11.24 BANK OF MONTREAL 4.64 8.85 28.30 -5.58 A+ N/A 27.31 9.33 GRANITE REAL ESTATE INVESTME 4.58 3.52 3.31 -32.11 N/A (P)Baa2 14.71 17.11 CANADIAN NATURAL RESOURCES 4.56 33.13 130.29 50.22 BBB- Baa1 30.79 7.37 TORONTO-DOMINION BANK 4.36 8.66 12.66 -5.04 AA- N/A 37.52 10.08 ATCO LTD -CLASS I 4.33 7.11 2.99 4.19 BBB+ N/A 83.22 11.69 NATIONAL BANK OF CANADA 4.25 9.67 22.67 -0.93 A N/A 36.83 9.52 FORTIS INC 4.13 5.95 5.85 -6.97 A- Baa3 79.85 20.38 ROYAL BANK OF CANADA 4.13 7.34 14.81 -0.44 AA- N/A 44.68 11.70 COGECO COMMUNICATIONS INC 4.10 10.37 10.13 -22.34 BB+ N/A 30.80 7.88 BARRICK GOLD CORP 3.47 40.38 -13.14 0.68 BBB+ A3 32.55 19.16 IA FINANCIAL CORP INC 3.46 12.70 25.00 14.36 A N/A 26.99 3.30 RESTAURANT BRANDS INTERN 3.38 22.84 5.60 19.20 BB N/A 78.42 24.07 GOEASY LTD 3.34 38.28 37.88 -38.12 BB- Ba3 24.90 11.15 ROGERS COMMUNICATIONS INC-B 3.27 0.82 0.00 4.61 BBB+ *- Baa1 *- 64.83 16.64 OPEN TEXT CORP 3.21 12.50 13.83 -30.62 BB+ Ba2 60.36 38.06 MAGNA INTERNATIONAL INC 3.09 10.21 8.49 -22.04 A- A3 33.95 12.14 HYDRO ONE LTD 3.06 4.90 5.00 14.38 A- N/A 65.18 21.20 FINNING INTERNATIONAL INC 3.05 4.60 8.49 8.68 BBB+ N/A 38.94 11.38 AGNICO EAGLE MINES LTD 3.03 31.25 18.31 8.52 NR Baa2 62.61 31.53 SHAW COMMUNICATIONS INC-B 3.02 0.00 0.00 -3.69 BBB- Baa2 *- 83.85 23.58 KINROSS GOLD CORP 2.92 N/A 3.72 -21.52 BBB- Baa3 0.00 23.91 IMPERIAL OIL LTD 2.71 18.30 41.75 47.18 AA- N/A 29.41 6.99 NUTRIEN LTD 2.62 N/A 8.55 6.85 BBB Baa2 33.24 5.57 ELEMENT FLEET MANAGEMENT COR 2.16 2.08 22.02 46.89 BBB N/A 35.21 20.33 YAMANA GOLD INC 2.15 43.70 10.90 45.90 BBB- Baa3 71.05 20.73 SAPUTO INC 2.14 3.04 1.41 20.73 N/A Baa1 109.01 27.14 INTACT FINANCIAL CORP 2.02 9.34 17.65 22.83 N/A Baa1 27.42 14.52 RITCHIE BROS AUCTIONEERS 1.93 8.74 14.45 3.28 BB+ Ba2 *- 70.46 34.52 METHANEX CORP 1.89 -11.63 99.23 2.59 BB Ba1 5.11 5.84 TRANSALTA CORP 1.83 5.08 10.81 -11.86 BB+ Ba1 N/A 37.50 CANADIAN NATL RAILWAY CO 1.80 12.17 19.11 6.91 A A2 35.63 23.05 CENOVUS ENERGY INC 1.61 18.33 430.29 71.51 BBB- Baa2 29.98 9.81 CCL INDUSTRIES INC - CL B 1.60 15.85 14.29 -12.29 BBB Baa2 25.20 17.08 WEST FRASER TIMBER CO LTD 1.59 33.24 58.13 -15.56 BBB- Baa3 2.88 3.16 FAIRFAX FINANCIAL HLDGS LTD 1.55 -0.88 -1.30 31.67 BBB Baa3 7.73 21.48 THOMSON REUTERS CORP 1.53 3.02 13.87 4.04 BBB Baa2 14.06 75.56 METRO INC/CN 1.47 11.10 10.00 13.37 BBB N/A 31.19 20.59 LOBLAW COMPANIES LTD 1.34 8.11 12.86 17.58 BBB N/A 25.34 19.16 FIRST QUANTUM MINERALS LTD 1.10 75.18 N/A -2.09 B+ *- N/A 0.83 11.62 TECK RESOURCES LTD-CLS B 0.97 10.76 400.00 44.41 BBB- Baa3 3.71 5.28 ALIMENTATION COUCHE-TARD -B 0.89 -9.38 -70.47 N/A BBB Baa2 16.52 N/A CANADIAN PACIFIC RAILWAY LTD 0.74 11.68 0.00 13.15 BBB+ N/A 18.11 28.40 WASTE CONNECTIONS INC 0.72 13.30 16.23 5.63 BBB+ Baa2 35.63 40.06 CAMECO CORP 0.39 -21.40 50.00 11.33 BBB- N/A N/A 105.35 SNC-LAVALIN GROUP INC 0.34 -40.71 0.00 -23.25 BB+ N/A 14.02 33.13 HUDBAY MINERALS INC 0.29 0.00 0.00 -22.16 B B1 N/A 7.99 DOLLARAMA INC 0.28 8.57 9.25 26.64 BBB N/A 9.16 30.94 GFL ENVIRONMENTAL INC-SUB VT 0.16 N/A 13.37 -16.32 B+ B1 N/A N/A
SOURCE: BLOOMBERG