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 10.30 2.82 2.88 -31.32 N-A Baa3 142.41 N-A TCL-A-T TRANSCONTINENTAL INC-CL A 8.27 1.63 0.00 -32.13 BBB- N-A 55.33 8.17 ENB-T ENBRIDGE INC 7.97 6.07 3.15 -6.70 BBB+ Baa1 269.06 12.75 TRP-T TC ENERGY CORP 7.81 6.49 3.36 -10.27 BBB+ Baa3 560.84 7.15 GEI-T GIBSON ENERGY INC 7.78 3.13 5.48 -2.80 BBB- N-A 96.51 10.65 BCE-T BCE INC 7.47 5.09 5.16 -6.12 BBB+ Baa2 123.50 16.43 AQN-T ALGONQUIN POWER & UTILITIES 7.44 1.48 -25.07 -41.37 BBB N-A N-A 38.76 BNS-T BANK OF NOVA SCOTIA 7.08 4.97 2.96 -3.03 A+ N-A 50.41 8.79 SPB-T SUPERIOR PLUS CORP 7.01 0.00 0.00 10.07 BB- N-A N-A 116.06 LB-T LAURENTIAN BANK OF CANADA 6.83 -6.04 4.49 -0.71 BBB N-A 35.90 5.75 CM-T CAN IMPERIAL BK OF COMMERCE 6.75 5.28 5.20 -5.28 A+ N-A 48.83 8.83 IGM-T IGM FINANCIAL INC 6.66 0.00 0.00 1.64 A N-A 62.69 10.45 CRT-UN-T CT REAL ESTATE INVESTMENT TR 6.63 3.95 3.44 -3.63 BBB N-A 135.11 29.72 FCR-UN-T FIRST CAPITAL REAL ESTATE IN 6.45 0.09 84.62 -8.52 BBB- N-A N-A 48.94 CPX-T CAPITAL POWER CORP 6.44 6.74 5.96 -5.24 BBB- N-A 265.66 7.30 PPL-T PEMBINA PIPELINE CORP 6.43 3.70 4.85 1.84 BBB N-A 49.53 12.45 T-T TELUS CORP 6.37 6.77 7.31 -11.95 BBB Baa2 117.19 19.19 BEP-UN-T BROOKFIELD RENEWABLE PARTNER 6.14 1.72 11.63 -19.91 BBB+ N-A N-A N-A KEY-T KEYERA CORP 6.11 2.89 2.08 23.84 BBB N-A 129.66 17.33 EMA-T EMERA INC 6.09 4.08 4.15 -7.46 BBB Baa3 75.03 10.80 CU-T CANADIAN UTILITIES LTD-A 6.08 3.09 0.99 -9.75 NR N-A 85.85 11.19 POW-T POWER CORP OF CANADA 6.03 6.93 4.55 19.58 A+ N-A 69.41 10.57 REI-UN-T RIOCAN REAL ESTATE INVST TR 5.96 -5.85 6.00 1.87 BBB N-A 131.00 11.21 CHP-UN-T CHOICE PROPERTIES REIT 5.85 0.16 0.79 7.39 BBB N-A 71.93 7.97 MFC-T MANULIFE FINANCIAL CORP 5.78 10.50 7.95 22.39 A N-A 35.73 8.95 BIP-UN-T BROOKFIELD INFRASTRUCTURE PA 5.50 5.28 12.39 -14.73 BBB+ N-A 653.13 N-A SES-T SECURE ENERGY SERVICES INC 5.48 8.38 N-A 20.11 B B1 20.61 11.39 ACO-X-T ATCO LTD -CLASS I 5.45 5.32 3.01 -10.99 NR N-A 56.88 8.92 NPI-T NORTHLAND POWER INC 5.45 0.34 0.00 -40.00 BBB N-A 34.85 13.41 GWO-T GREAT-WEST LIFECO INC 5.35 5.97 4.59 40.38 A+ N-A 56.73 6.32 BMO-T BANK OF MONTREAL 5.28 8.99 11.94 -2.62 A+ N-A 27.31 10.83 CIX-T CI FINANCIAL CORP 5.23 0.00 0.00 28.06 NR Baa2 45.83 6.49 CCA-T COGECO COMMUNICATIONS INC 5.02 10.31 10.07 -1.05 BB N-A 30.80 6.34 POU-T PARAMOUNT RESOURCES LTD -A 5.01 N-A 171.74 19.29 BB- Ba3 23.57 6.85 CTC-A-T CANADIAN TIRE CORP-CLASS A 4.91 15.21 25.93 -1.55 BBB N-A 35.45 9.72 TD-T TORONTO-DOMINION BANK 4.75 8.03 7.87 0.51 AA- N-A 37.52 9.56 RY-T ROYAL BANK OF CANADA 4.67 7.33 10.71 -1.41 AA- N-A 44.68 11.16 NA-T NATIONAL BANK OF CANADA 4.61 10.28 11.17 6.71 A N-A 36.83 9.50 RUS-T RUSSEL METALS INC 4.51 0.52 2.63 46.30 BB+ Ba1 25.71 7.20 GRT-UN-T GRANITE REAL ESTATE INVESTME 4.49 3.32 3.26 11.51 N-A (P)Baa2 129.76 11.54 SU-T SUNCOR ENERGY INC 4.48 8.24 16.85 9.57 BBB Baa1 28.73 9.10 SLF-T SUN LIFE FINANCIAL INC 4.48 9.59 8.89 26.75 A+ N-A 52.85 11.67 FTS-T FORTIS INC 4.30 5.86 5.61 12.18 A- Baa3 79.32 18.25 ALA-T ALTAGAS LTD 4.20 -12.73 4.25 8.10 BBB- N-A 74.69 18.56 TVE-T TAMARACK VALLEY ENERGY LTD 4.11 N-A 80.98 -11.09 B N-A 1.67 11.10 CNQ-T CANADIAN NATURAL RESOURCES 4.02 22.63 -18.16 24.73 BBB- Baa1 47.74 13.43 RCI-B-T ROGERS COMMUNICATIONS INC-B 3.77 0.82 0.00 5.36 BBB- Baa3 60.12 13.19 IAG-T IA FINANCIAL CORP INC 3.61 13.12 12.94 19.97 A N-A 33.90 7.28 NTR-T NUTRIEN LTD 3.49 12.19 13.20 -28.94 BBB Baa2 13.50 7.32 MG-T MAGNA INTERNATIONAL INC 3.44 8.64 8.25 11.12 A- A3 86.82 11.15 QSR-T RESTAURANT BRANDS INTERN 3.43 7.91 6.16 19.94 BB N-A 65.79 26.93 AEM-T AGNICO EAGLE MINES LTD 3.42 30.76 9.32 14.88 NR Baa2 108.24 23.22 PKI-T PARKLAND CORP 3.42 2.90 3.46 42.74 BB N-A 70.14 33.62 GSY-T GOEASY LTD 3.38 34.69 11.80 9.57 BB- Ba3 44.60 9.69 H-T HYDRO ONE LTD 3.30 5.06 5.51 16.03 A- N-A 63.05 20.90 OTEX-T OPEN TEXT CORP 2.83 12.48 13.91 37.52 BB+ Ba2 170.56 28.18 SAP-T SAPUTO INC 2.66 2.37 0.69 -12.01 N-A Baa1 48.46 16.98 ABX-T BARRICK GOLD CORP 2.61 31.68 -34.99 5.45 BBB+ A3 266.47 21.89 FTT-T FINNING INTERNATIONAL INC 2.48 4.50 5.42 62.96 BBB+ N-A 29.04 10.70 K-T KINROSS GOLD CORP 2.44 N-A 6.10 39.89 BBB- Baa3 494.10 12.18 IMO-T IMPERIAL OIL LTD 2.41 21.85 45.74 28.62 AA- N-A 12.70 9.24 IFC-T INTACT FINANCIAL CORP 2.20 9.43 9.97 6.27 N-A Baa1 29.71 17.17 CNR-T CANADIAN NATL RAILWAY CO 2.14 11.78 10.31 -0.42 A- A2 39.30 18.89 YRI-T YAMANA GOLD INC 2.06 25.81 -47.49 N-A BBB- Baa3 N-A N-A EFN-T ELEMENT FLEET MANAGEMENT COR 2.05 5.92 29.03 13.19 BBB N-A 34.50 19.09 VET-T VERMILION ENERGY INC 2.01 -32.29 90.00 -32.12 B+ B1 3.49 2.35 CVE-T CENOVUS ENERGY INC 1.99 24.74 115.71 17.74 BBB- Baa2 3.40 16.22 TA-T TRANSALTA CORP 1.92 6.58 10.00 7.41 BB+ Ba1 372.63 12.52 CCL-B-T CCL INDUSTRIES INC - CL B 1.89 15.43 11.29 -12.07 BBB Baa2 27.35 15.92 WFG-T WEST FRASER TIMBER CO LTD 1.78 21.58 19.04 -9.13 BBB- Baa3 5.22 75.83 MRU-T METRO INC/CN 1.67 10.98 10.00 5.30 BBB N-A 31.19 17.00 MX-T METHANEX CORP 1.66 -10.27 31.98 25.28 BB Ba1 3.43 14.40 RBA-T RB GLOBAL INC 1.59 27.16 125.51 13.62 BB+ Ba2 36.04 34.06 L-T LOBLAW COMPANIES LTD 1.53 8.54 10.52 8.14 BBB N-A 27.08 18.66 TRI-T THOMSON REUTERS CORP 1.53 5.53 15.00 24.92 BBB Baa2 62.05 29.96 FFH-T FAIRFAX FINANCIAL HLDGS LTD 1.18 1.67 7.92 85.18 BBB Baa2 21.45 8.87 TECK-B-T TECK RESOURCES LTD-CLS B 0.93 10.76 8.11 19.34 BBB- Baa3 6.44 9.09 BN-T BROOKFIELD CORP 0.85 -1.24 -32.61 2.98 A- A3 46.05 29.35 CP-T CANADIAN PACIFIC KANSAS CITY 0.77 9.40 0.00 4.94 BBB+ N-A 17.00 25.73 ATD-T ALIMENTATION COUCHE-TARD INC 0.75 24.13 27.27 29.70 BBB+ Baa1 17.28 18.09 WCN-T WASTE CONNECTIONS INC 0.73 13.78 17.06 6.71 BBB+ Baa1 29.08 39.95 FM-T FIRST QUANTUM MINERALS LTD 0.52 83.84 27.27 26.19 B+ N-A 11.02 35.89 HBM-T HUDBAY MINERALS INC 0.32 0.00 0.00 12.91 B B1 7.44 N-A DOL-T DOLLARAMA INC 0.30 11.31 23.82 17.38 BBB N-A 7.97 30.68 ATRL CN Equity SNC-LAVALIN GROUP INC 0.19 -41.16 0.00 92.56 BB+ N-A 84.40 52.60 GFL-T GFL ENVIRONMENTAL INC-SUB VT 0.17 N-A 17.64 26.23 B+ B1 N-A N-A
Source: Bloomberg