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 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 TCL-A-T TRANSCONTINENTAL INC-CL A 7.05 2.38 0.00 -26.38 BBB- N-A 55.33 9.07 TRP-T TC ENERGY CORP 6.80 7.57 3.45 -19.09 BBB+ Baa2 560.84 8.36 ENB-T ENBRIDGE INC 6.75 6.75 3.05 -1.33 BBB+ Baa1 269.06 14.66 GEI-T GIBSON ENERGY INC 6.72 2.31 5.71 -2.41 BBB- Ba2 141.43 16.08 AP-UN-T ALLIED PROPERTIES REAL ESTAT 6.69 2.72 2.89 -39.68 N-A Baa2 *- 142.41 34.93 BCE-T BCE INC 6.45 5.10 5.14 -8.31 BBB+ Baa2 123.50 17.94 SPB-T SUPERIOR PLUS CORP 6.35 0.00 0.00 3.94 BB- N-A N-A 57.58 KEY-T KEYERA CORP 6.19 2.89 0.00 9.75 BBB- N-A 129.66 15.61 BNS-T BANK OF NOVA SCOTIA 6.12 5.70 10.54 -22.73 A+ N-A 50.41 8.79 CM-T CAN IMPERIAL BK OF COMMERCE 5.78 5.22 10.68 -22.16 A+ N-A 48.83 9.64 GWO-T GREAT-WEST LIFECO INC 5.76 5.96 7.22 5.45 A+ N-A 56.73 1.61 AQN-T ALGONQUIN POWER & UTILITIES 5.75 9.35 11.30 -42.14 BBB N-A 165.34 10.01 SES-T SECURE ENERGY SERVICES INC 5.75 -13.72 308.33 27.95 B B1 20.61 10.41 PPL-T PEMBINA PIPELINE CORP 5.67 2.38 -7.14 2.54 BBB N-A 49.58 13.29 CPX-T CAPITAL POWER CORP 5.58 6.90 6.37 7.96 BBB- N-A 265.66 11.19 MFC-T MANULIFE FINANCIAL CORP 5.52 10.17 11.07 11.90 A N-A 35.73 2.54 LB-T LAURENTIAN BANK OF CANADA 5.48 -6.21 9.76 -17.02 BBB N-A 35.90 6.66 CRT-UN-T CT REAL ESTATE INVESTMENT TR 5.36 4.01 3.67 -1.34 BBB N-A 135.11 35.68 POW-T POWER CORP OF CANADA 5.35 6.67 7.76 1.49 A+ N-A 42.63 15.49 T-T TELUS CORP 5.27 6.70 7.16 -15.81 BBB Baa2 117.19 19.88 IGM-T IGM FINANCIAL INC 5.26 0.00 0.00 0.79 A N-A 61.87 11.78 FCR-UN-T FIRST CAPITAL REAL ESTATE IN 5.21 -5.50 50.00 -5.67 BBB- Baa3 N-A 104.35 EMA-T EMERA INC 5.13 4.46 4.04 -6.56 BBB Baa3 75.03 12.61 CHP-UN-T CHOICE PROPERTIES REIT 5.09 0.14 0.00 -1.87 BBB N-A 71.93 8.45 CU-T CANADIAN UTILITIES LTD-A 5.04 3.97 1.00 2.45 BBB+ N-A 85.85 12.59 REI-UN-T RIOCAN REAL ESTATE INVST TR 5.04 -6.25 6.22 -10.80 BBB N-A 131.00 16.77 POU-T PARAMOUNT RESOURCES LTD -A 5.01 N-A 370.83 7.56 B+ Ba3 23.57 7.00 CIX-T CI FINANCIAL CORP 4.93 -12.52 0.00 -23.82 BBB- Baa2 35.78 7.30 CCA-T COGECO COMMUNICATIONS INC 4.86 10.35 10.11 -35.96 BB+ N-A 30.80 6.69 BEP-UN-T BROOKFIELD RENEWABLE PARTNER 4.71 1.10 11.09 -22.53 BBB+ N-A N-A N-A ALA-T ALTAGAS LTD 4.68 -13.03 15.68 -13.31 BBB- N-A 74.69 15.41 BIP-UN-T BROOKFIELD INFRASTRUCTURE PA 4.59 4.88 11.69 -8.61 BBB+ N-A 693.95 384.08 ACO-X-T ATCO LTD -CLASS I 4.57 6.48 2.99 3.64 BBB+ N-A 56.88 11.46 BMO-T BANK OF MONTREAL 4.56 8.94 22.84 -10.80 A+ N-A 27.31 10.43 PKI-T PARKLAND CORP 4.55 2.40 5.28 -5.06 BB N-A 195.88 5.60 CNQ-T CANADIAN NATURAL RESOURCES 4.54 33.13 130.29 9.80 BBB- Baa1 19.04 8.44 TD-T TORONTO-DOMINION BANK 4.48 8.63 11.35 -9.26 AA- N-A 37.52 9.91 SU-T SUNCOR ENERGY INC 4.46 8.45 57.14 20.40 BBB Baa1 28.73 6.95 SLF-T SUN LIFE FINANCIAL INC 4.40 9.64 16.53 1.93 A+ N-A 52.85 11.37 RUS-T RUSSEL METALS INC 4.26 0.00 0.00 18.75 BB+ Ba1 25.71 6.08 FTS-T FORTIS INC 4.20 5.92 5.77 -7.32 A- Baa3 79.32 19.09 CTC-A-T CANADIAN TIRE CORP-CLASS A 4.07 17.10 30.05 -1.37 BBB N-A 35.45 9.39 GRT-UN-T GRANITE REAL ESTATE INVESTME 3.91 3.48 3.30 -6.55 N-A (P)Baa2 129.76 N-A RY-T ROYAL BANK OF CANADA 3.90 7.37 14.41 1.83 AA- N-A 44.68 12.95 NA-T NATIONAL BANK OF CANADA 3.79 9.67 22.67 8.86 A N-A 36.83 10.82 TVE-T TAMARACK VALLEY ENERGY LTD 3.70 N-A 652.41 -22.66 B N-A 0.00 5.72 QSR-T RESTAURANT BRANDS INTERN 3.61 22.84 5.60 19.40 BB N-A 65.79 27.03 NPI-T NORTHLAND POWER INC 3.53 1.57 0.00 -15.94 BBB N-A 34.85 16.96 AEM-T AGNICO EAGLE MINES LTD 3.50 31.22 16.08 -18.87 NR Baa2 94.69 23.16 K-T KINROSS GOLD CORP 3.48 N-A 4.87 -32.95 BBB- Baa3 0.00 11.78 MG-T MAGNA INTERNATIONAL INC 3.33 9.79 8.91 1.52 A- A3 86.82 13.24 RCI-B-T ROGERS COMMUNICATIONS INC-B 3.27 0.82 0.00 -7.92 BBB+ *- Baa1 *- 60.12 16.50 GSY-T GOEASY LTD 3.27 38.28 37.88 -4.95 BB- Ba3 44.60 12.58 IAG-T IA FINANCIAL CORP INC 3.10 12.66 19.37 22.51 A N-A 33.90 2.37 H-T HYDRO ONE LTD 3.10 4.90 5.00 13.54 A- N-A 63.05 20.48 SJR-B-T SHAW COMMUNICATIONS INC-B 3.02 0.00 0.00 5.03 BBB- Baa2 *- 83.85 26.32 OTEX-T OPEN TEXT CORP 2.71 12.88 15.79 -8.06 BB+ Ba2 60.36 24.61 FTT-T FINNING INTERNATIONAL INC 2.71 4.64 7.27 -4.76 BBB+ N-A 29.04 10.67 NTR-T NUTRIEN LTD 2.69 N-A 8.55 -14.37 BBB Baa2 13.50 6.06 ABX-T BARRICK GOLD CORP 2.52 40.85 -13.47 -28.52 BBB+ A3 266.47 18.34 IMO-T IMPERIAL OIL LTD 2.51 19.51 35.65 26.43 AA- N-A 12.70 6.32 IFC-T INTACT FINANCIAL CORP 2.29 9.34 17.65 5.36 N-A Baa1 29.71 12.86 YRI-T YAMANA GOLD INC 2.28 43.70 10.90 3.86 BBB- Baa3 71.05 19.11 VET-T VERMILION ENERGY INC 2.16 -35.86 N-A -35.67 B+ B1 3.49 1.59 EFN-T ELEMENT FLEET MANAGEMENT COR 2.14 2.08 22.02 54.39 BBB N-A 34.50 19.85 SAP-T SAPUTO INC 2.04 2.71 0.70 13.84 N-A Baa1 109.01 24.55 CNR-T CANADIAN NATL RAILWAY CO 1.97 12.04 15.91 0.34 A A2 39.30 21.50 TA-T TRANSALTA CORP 1.92 5.59 10.53 -7.96 BB+ Ba1 372.63 N-A RBA-T RITCHIE BROS AUCTIONEERS 1.81 9.76 14.76 10.97 BB+ Ba2 36.04 31.11 MRU-T METRO INC/CN 1.74 11.05 10.00 -2.11 BBB N-A 31.19 18.51 CCL-B-T CCL INDUSTRIES INC - CL B 1.64 15.85 14.29 11.72 BBB Baa2 27.35 18.59 CVE-T CENOVUS ENERGY INC 1.63 18.33 430.29 28.27 BBB- Baa2 3.40 7.94 WFG-T WEST FRASER TIMBER CO LTD 1.61 33.24 58.13 -13.89 BBB- Baa3 5.22 3.78 TRI-T THOMSON REUTERS CORP 1.58 4.07 15.60 29.53 BBB Baa2 62.05 50.94 FFH-T FAIRFAX FINANCIAL HLDGS LTD 1.47 1.67 7.92 58.18 BBB Baa3 20.60 13.20 MX-T METHANEX CORP 1.43 -11.63 99.23 3.93 BB Ba1 3.43 11.01 L-T LOBLAW COMPANIES LTD 1.39 8.11 12.86 3.12 BBB N-A 27.08 20.69 TECK-B-T TECK RESOURCES LTD-CLS B 0.96 10.76 400.00 -1.03 BBB- Baa3 6.44 6.40 FM-T FIRST QUANTUM MINERALS LTD 0.95 75.18 N-A -28.97 B+ *- N-A 11.02 11.91 BN-T BROOKFIELD CORP 0.87 5.69 -2.94 -20.97 A- A3 5.76 21.06 ATD-T ALIMENTATION COUCHE-TARD INC 0.87 21.16 26.17 32.43 BBB Baa2 16.52 17.12 WCN-T WASTE CONNECTIONS INC 0.76 13.69 17.61 8.14 BBB+ Baa2 29.08 39.21 CP-T CANADIAN PACIFIC RAILWAY LTD 0.74 11.68 0.00 3.70 BBB+ N-A 20.10 28.99 CCO-T CAMECO CORP 0.33 -21.40 50.00 3.81 BBB- N-A 58.06 104.76 HBM-T HUDBAY MINERALS INC 0.31 0.00 0.00 -42.08 B B1 N-A 8.31 DOL-T DOLLARAMA INC 0.29 8.57 9.94 11.86 BBB N-A 9.16 29.84 SNC-T SNC-LAVALIN GROUP INC 0.25 -40.86 0.00 -2.18 BB+ N-A 84.40 52.55 GFL-T GFL ENVIRONMENTAL INC-SUB VT 0.14 N-A 15.50 23.08 B+ B1 N-A N-A
Source: Bloomberg