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
AP-UN-T ALLIED PROPERTIES REAL ESTAT 8.33 2.78 2.89 -30.36 N/A Baa3 *- 142.41 N/A
SPB-T SUPERIOR PLUS CORP 7.56 0.00 0.00 -10.16 BB- N/A N/A 154.46
GEI-T GIBSON ENERGY INC 7.52 2.86 5.56 -6.79 BBB- Ba2 *+ 96.51 11.64
ENB-T ENBRIDGE INC 7.24 6.41 3.10 -3.77 BBB+ Baa1 269.06 14.40
TRP-T TC ENERGY CORP 7.04 6.83 3.39 -15.30 BBB+ Baa2 560.84 7.83
BNS-T BANK OF NOVA SCOTIA 6.47 5.05 8.42 -8.64 A+ N/A 50.41 9.12
PPL-T PEMBINA PIPELINE CORP 6.49 4.19 4.76 -4.12 BBB N/A 49.53 12.29
SES-T SECURE ENERGY SERVICES INC 6.50 3.12 925.00 7.52 B B1 20.61 8.64
BCE-T BCE INC 6.47 5.09 5.15 0.55 BBB+ Baa2 123.50 18.54
KEY-T KEYERA CORP 6.33 2.71 0.00 9.86 BBB- N/A 129.66 14.79
TCL-A-T TRANSCONTINENTAL INC-CL A 6.21 1.88 0.00 0.55 BBB- N/A 55.33 11.02
CRT-UN-T CT REAL ESTATE INVESTMENT TR 6.04 3.97 3.41 -5.19 BBB N/A 135.11 35.58
CM-T CAN IMPERIAL BK OF COMMERCE 6.18 5.27 7.26 -4.42 A+ N/A 48.83 9.16
FCR-UN-T FIRST CAPITAL REAL ESTATE IN 6.06 -1.63 83.33 0.02 BBB- N/A N/A 63.59
MFC-T MANULIFE FINANCIAL CORP 5.90 10.34 9.45 17.18 A N/A 35.73 2.57
POW-T POWER CORP OF CANADA 5.95 6.96 5.56 13.22 A+ N/A 69.41 13.19
LB-T LAURENTIAN BANK OF CANADA 5.62 -6.10 6.36 -8.48 BBB N/A 35.90 6.96
REI-UN-T RIOCAN REAL ESTATE INVST TR 5.68 -6.01 6.09 -0.13 BBB N/A 131.00 14.36
T-T TELUS CORP 5.68 6.74 7.24 -6.00 BBB Baa2 117.19 19.08
CHP-UN-T CHOICE PROPERTIES REIT 5.58 0.09 0.45 0.92 BBB N/A 71.93 7.18
IGM-T IGM FINANCIAL INC 5.64 0.00 0.00 22.65 A N/A 61.87 11.22
GWO-T GREAT-WEST LIFECO INC 5.48 5.96 5.87 28.13 A+ N/A 56.73 2.96
SU-T SUNCOR ENERGY INC 5.38 8.34 33.55 -10.30 BBB Baa1 28.73 5.43
CPX-T CAPITAL POWER CORP 5.46 6.80 5.94 -0.57 BBB- N/A 265.66 8.22
AQN-T ALGONQUIN POWER & UTILITIES 5.22 5.04 -11.16 -31.81 BBB N/A N/A 31.34
POU-T PARAMOUNT RESOURCES LTD -A 5.29 N/A 252.94 -0.12 B+ Ba3 23.57 5.82
CU-T CANADIAN UTILITIES LTD-A 5.21 3.53 1.00 -5.93 BBB+ N/A 85.85 11.50
EMA-T EMERA INC 5.15 4.27 4.10 -6.59 BBB Baa3 75.03 12.30
CNQ-T CANADIAN NATURAL RESOURCES 4.88 32.06 91.59 14.05 BBB- Baa1 47.74 8.72
BMO-T BANK OF MONTREAL 4.96 9.03 17.99 0.18 A+ N/A 27.31 10.92
CIX-T CI FINANCIAL CORP 4.84 -12.58 0.00 14.72 NR Baa2 45.83 8.24
TD-T TORONTO-DOMINION BANK 4.71 8.42 10.12 0.89 AA- N/A 37.52 9.52
TVE-T TAMARACK VALLEY ENERGY LTD 4.70 N/A 171.84 -23.77 B N/A 0.00 5.76
ALA-T ALTAGAS LTD 4.76 -12.78 2.83 -9.34 BBB- N/A 74.69 14.99
ACO-X-T ATCO LTD -CLASS I 4.85 5.89 3.00 -7.05 BBB+ N/A 56.88 9.86
BEP-UN-T BROOKFIELD RENEWABLE PARTNER 4.75 1.71 11.81 -9.72 BBB+ N/A N/A N/A
CCA-T COGECO COMMUNICATIONS INC 4.50 10.33 10.09 -17.30 BB+ N/A 30.80 7.31
SLF-T SUN LIFE FINANCIAL INC 4.40 9.61 12.50 21.00 A+ N/A 52.85 12.04
RUS-T RUSSEL METALS INC 4.45 0.26 1.32 44.82 BB+ Ba1 25.71 6.54
BIP-UN-T BROOKFIELD INFRASTRUCTURE PA 4.42 5.39 12.51 -0.43 BBB+ N/A 653.13 72.57
NPI-T NORTHLAND POWER INC 4.40 0.85 0.00 -26.46 BBB N/A 34.85 14.02
RY-T ROYAL BANK OF CANADA 4.30 7.45 14.04 4.84 AA- N/A 44.68 12.40
GRT-UN-T GRANITE REAL ESTATE INVESTME 4.17 3.39 3.28 1.37 N/A (P)Baa2 129.76 11.06
NA-T NATIONAL BANK OF CANADA 4.17 10.08 15.13 20.98 A N/A 36.83 10.53
PKI-T PARKLAND CORP 4.16 2.76 2.31 -2.42 BB N/A 70.14 14.35
FTS-T FORTIS INC 4.02 5.89 5.69 -3.85 A- Baa3 79.32 19.08
CTC-A-T CANADIAN TIRE CORP-CLASS A 3.89 16.67 35.35 13.82 BBB N/A 35.45 11.70
TRI-T THOMSON REUTERS CORP 3.47 34.18 290.33 34.18 BBB Baa2 62.05 87.13
NTR-T NUTRIEN LTD 3.60 21.10 14.03 -21.64 BBB Baa2 13.50 5.05
GSY-T GOEASY LTD 3.52 35.79 19.11 15.39 BB- Ba3 44.60 10.14
MG-T MAGNA INTERNATIONAL INC 3.36 9.32 7.18 8.03 A- A3 86.82 14.29
RCI-B-T ROGERS COMMUNICATIONS INC-B 3.30 0.82 0.00 1.57 BBB- Baa3 60.12 15.98
IAG-T IA FINANCIAL CORP INC 3.43 13.37 18.22 44.29 A N/A 33.90 2.38
AEM-T AGNICO EAGLE MINES LTD 3.34 31.32 13.07 14.48 NR Baa2 108.24 23.87
H-T HYDRO ONE LTD 3.18 4.99 5.26 10.98 A- N/A 63.05 21.78
IMO-T IMPERIAL OIL LTD 2.96 20.75 40.98 14.11 AA- N/A 12.70 5.88
QSR-T RESTAURANT BRANDS INTERN 2.84 11.96 7.03 63.25 BB N/A 65.79 32.58
K-T KINROSS GOLD CORP 2.58 N/A 5.48 42.57 BBB- Baa3 494.10 15.91
CVE-T CENOVUS ENERGY INC 2.53 23.26 195.58 -7.39 BBB- Baa2 3.40 9.60
VET-T VERMILION ENERGY INC 2.43 -32.79 200.00 -31.73 B+ B1 3.49 1.35
ABX-T BARRICK GOLD CORP 2.47 36.98 -23.83 0.13 BBB+ A3 266.47 22.65
FTT-T FINNING INTERNATIONAL INC 2.50 4.47 5.16 52.28 BBB+ N/A 29.04 11.22
OTEX-T OPEN TEXT CORP 2.42 13.12 16.59 14.21 BB+ Ba2 60.36 24.12
SAP-T SAPUTO INC 2.44 2.38 0.00 7.33 N/A Baa1 48.46 17.87
IFC-T INTACT FINANCIAL CORP 2.19 9.40 12.30 13.20 N/A Baa1 29.71 13.59
YRI-T YAMANA GOLD INC 2.06 36.27 -21.17 N/A BBB- Baa3 N/A N/A
CNR-T CANADIAN NATL RAILWAY CO 1.99 11.91 12.99 11.69 A- A2 39.30 19.91
RBA-T RB GLOBAL INC 1.87 27.57 130.36 -2.66 BB+ Ba2 36.04 29.59
EFN-T ELEMENT FLEET MANAGEMENT COR 2.00 4.70 26.89 52.32 BBB N/A 34.50 20.43
MX-T METHANEX CORP 1.81 -9.93 43.64 11.82 BB Ba1 3.43 10.89
TA-T TRANSALTA CORP 1.80 6.09 10.26 -15.48 BB+ Ba1 372.63 30.92
CCL-B-T CCL INDUSTRIES INC - CL B 1.64 15.56 12.22 7.68 BBB Baa2 27.35 18.11
MRU-T METRO INC/CN 1.63 11.01 10.00 8.98 BBB N/A 31.19 19.09
L-T LOBLAW COMPANIES LTD 1.50 8.49 10.73 4.18 BBB N/A 27.08 20.86
WFG-T WEST FRASER TIMBER CO LTD 1.42 25.48 33.72 15.18 BBB- Baa3 5.22 9.47
FFH-T FAIRFAX FINANCIAL HLDGS LTD 1.36 1.67 7.92 47.19 BBB Baa3 21.45 10.53
TECK-B-T TECK RESOURCES LTD-CLS B 0.92 10.76 17.65 40.44 BBB- Baa3 6.44 6.93
BN-T BROOKFIELD CORP 0.88 2.73 -17.76 -5.95 A- A3 46.05 20.64
ATD-T ALIMENTATION COUCHE-TARD INC 0.82 22.67 26.58 36.44 BBB Baa1 17.28 16.99
FM-T FIRST QUANTUM MINERALS LTD 0.85 96.10 N/A 26.31 B+ N/A 11.02 18.88
WCN-T WASTE CONNECTIONS INC 0.74 13.99 16.84 17.26 BBB+ Baa1 29.08 40.63
CP-T CANADIAN PACIFIC KANSAS CITY 0.72 10.21 0.00 17.78 BBB+ N/A 17.00 26.27
DOL-T DOLLARAMA INC 0.32 9.55 14.79 19.17 BBB N/A 7.97 30.39
HBM-T HUDBAY MINERALS INC 0.33 0.00 0.00 17.33 B B1 7.44 15.32
SNC-T SNC-LAVALIN GROUP INC 0.23 -41.01 0.00 56.76 BB+ N/A 84.40 51.76
GFL-T GFL ENVIRONMENTAL INC-SUB VT 0.14 N/A 16.65 52.77 B+ B1 N/A N/A
Source: Bloomberg