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.
Notes on data: The dividend yield quoted is based on annualizing the most recent payment. Payout ratio may be different than elsewhere quoted owing to differences in time frame used or method of calculation for after-tax income.
Data is as of 9:40 a.m. ET on Thursday.
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 ENB-T ENBRIDGE INC 6.52 9.14 3.06 28.79 BBB+ Baa1 116.18 18.69 KEY-T KEYERA CORP 6.28 4.44 0.00 25.14 BBB- N-A 130.89 16.89 PPL-T PEMBINA PIPELINE CORP 5.90 5.76 0.00 28.57 BBB N-A N-A 16.39 GEI-T GIBSON ENERGY INC 5.75 1.18 2.94 20.98 BBB- Ba2 163.77 28.63 BCE-T BCE INC 5.54 5.09 5.11 25.76 BBB+ Baa2 117.09 20.70 SPB-T SUPERIOR PLUS CORP 5.54 0.00 0.00 4.45 BB- N-A 168.31 N-A CPX-T CAPITAL POWER CORP 5.52 7.02 6.80 11.63 BBB- N-A 250.00 28.59 TRP-T TC ENERGY CORP 5.42 9.02 7.41 24.51 BBB+ Baa2 187.82 15.19 CU-T CANADIAN UTILITIES LTD-A 5.11 5.77 1.01 13.94 A- N-A 131.95 21.00 CHP-UN-T CHOICE PROPERTIES REIT 5.06 1.31 0.00 19.87 BBB N-A 116.18 N-A GWO-T GREAT-WEST LIFECO INC 4.99 5.44 2.97 31.71 A+ N-A 55.23 21.63 AQN-T ALGONQUIN POWER & UTILITIES 4.92 8.96 3.00 -15.67 BBB N-A 44.49 23.61 IGM-T IGM FINANCIAL INC 4.89 0.00 0.00 38.11 A N-A 54.89 11.27 CRT-UN-T CT REAL ESTATE INVESTMENT TR 4.87 3.90 4.02 16.00 BBB N-A 91.62 26.38 MFC-T MANULIFE FINANCIAL CORP 4.84 9.01 4.46 14.11 A N-A 32.98 14.26 CJR-B-T CORUS ENTERTAINMENT INC-B SH 4.61 -26.77 0.00 3.62 BB N-A 28.98 6.09 RUS-T RUSSEL METALS INC 4.55 0.00 0.00 37.28 BB+ Ba2 22.07 4.82 EMA-T EMERA INC 4.55 4.95 4.00 19.04 BBB Baa3 128.82 14.75 SU-T SUNCOR ENERGY INC 4.48 -1.97 -4.11 60.92 BBB+ Baa1 37.96 14.02 ACO-X-T ATCO LTD -CLASS I 4.44 9.48 3.01 13.68 A- N-A 79.02 46.71 TCL-A-T TRANSCONTINENTAL INC-CL A 4.39 3.99 0.00 -0.18 BBB- N-A 59.95 13.98 POW-T POWER CORP OF CANADA 4.36 6.90 2.65 39.91 A+ N-A 58.13 8.67 BNS-T BANK OF NOVA SCOTIA 4.33 4.85 2.78 36.12 A+ N-A 46.54 11.75 REI-UN-T RIOCAN REAL ESTATE INVST TR 4.13 -7.40 -31.43 43.54 BBB N-A 50.83 15.08 T-T TELUS CORP 4.13 6.68 7.26 26.09 BBB+ Baa1 103.37 29.72 LB-T LAURENTIAN BANK OF CANADA 4.05 -7.26 -12.30 41.26 BBB N-A 154.91 9.21 AP-UN-T ALLIED PROPERTIES REAL ESTAT 4.04 2.52 3.04 24.56 N-A Baa2 48.86 24.49 CM-T CAN IMPERIAL BK OF COMMERCE 3.96 4.36 2.57 48.99 A+ N-A 41.81 11.16 SLF-T SUN LIFE FINANCIAL INC 3.86 7.35 5.00 14.94 A+ WR (hyb) 34.41 10.45 ALA-T ALTAGAS LTD 3.82 -13.30 3.41 45.26 BBB- N-A 55.14 18.97 BEP-UN-T BROOKFIELD RENEWABLE PARTNER 3.77 -0.70 -12.50 -22.78 BBB+ N-A N-A N-A CAS-T CASCADES INC 3.74 20.11 25.00 -19.25 BB- Ba2 15.50 34.32 FTS-T FORTIS INC 3.73 6.06 5.85 15.63 A- Baa3 79.85 22.18 QSR-T RESTAURANT BRANDS INTERN 3.72 26.88 -3.48 1.15 BB N-A 78.42 19.97 BIP-UN-T BROOKFIELD INFRASTRUCTURE PA 3.62 4.52 -3.77 20.29 BBB+ N-A 108.86 35.94 BMO-T BANK OF MONTREAL 3.57 5.57 6.37 55.29 A+ N-A 36.56 11.88 ITP-T INTERTAPE POLYMER GROUP INC 3.51 3.15 1.72 9.85 BB- Ba2 48.69 13.07 CNQ-T CANADIAN NATURAL RESOURCES 3.44 16.27 17.50 103.08 BBB- Baa2 N-A 17.37 H-T HYDRO ONE LTD 3.39 1.65 5.01 14.23 A- N-A 33.84 19.39 NA-T NATIONAL BANK OF CANADA 3.38 6.40 5.63 43.79 A N-A 31.36 11.45 RY-T ROYAL BANK OF CANADA 3.33 6.24 2.78 39.09 AA- N-A 39.02 13.03 GRT-UN-T GRANITE REAL ESTATE INVESTME 3.31 4.22 3.31 28.24 N-A (P)Baa2 38.32 118.86 TD-T TORONTO-DOMINION BANK 3.31 8.18 3.16 47.72 AA- N-A 40.86 13.80 NPI-T NORTHLAND POWER INC 3.26 2.13 0.00 -22.23 BBB N-A 62.34 125.84 SJR-B-T SHAW COMMUNICATIONS INC-B 3.16 0.00 0.00 72.92 BBB- Baa2 *- 61.07 18.35 CIX-T CI FINANCIAL CORP 3.15 -12.01 0.00 28.32 BBB Baa2 32.63 9.25 IAG-T IA FINANCIAL CORP INC 3.13 10.54 7.22 29.11 A N-A 26.99 65.60 RCI-B-T ROGERS COMMUNICATIONS INC-B 2.99 0.82 0.00 22.22 BBB+ *- Baa1 *- 64.82 18.99 CTC-A-T CANADIAN TIRE CORP-CLASS A 2.68 15.23 5.18 13.15 BBB N-A 26.67 10.36 CCA-T COGECO COMMUNICATIONS INC 2.68 10.40 10.25 -7.11 BB+ N-A 30.22 11.91 AEM-T AGNICO EAGLE MINES LTD 2.64 29.77 39.36 -10.99 NR Baa2 44.72 20.77 YRI-T YAMANA GOLD INC 2.59 40.20 48.02 5.05 BB+ Baa3 26.03 17.73 NTR-T NUTRIEN LTD 2.47 N-A -4.38 43.61 BBB Baa2 33.61 13.31 IMO-T IMPERIAL OIL LTD 2.44 11.79 17.05 114.85 AA- N-A 29.41 16.21 EFN-T ELEMENT FLEET MANAGEMENT COR 2.39 22.20 36.25 9.02 BBB N-A 35.79 17.50 FCR-UN-T FIRST CAPITAL REAL ESTATE IN 2.37 -12.86 -47.59 24.42 BBB- Baa3 20.57 15.42 FTT-T FINNING INTERNATIONAL INC 2.37 3.33 4.88 28.97 BBB+ N-A 9.96 17.30 SAP-T SAPUTO INC 2.36 4.49 2.90 -17.75 N-A Baa1 45.54 33.57 MG-T MAGNA INTERNATIONAL INC 2.28 10.33 0.42 3.27 A- A3 34.15 14.39 GSY-T GOEASY LTD 2.26 39.48 46.67 38.84 BB- Ba3 24.07 10.85 IFC-T INTACT FINANCIAL CORP 2.17 7.94 2.41 29.41 N-A Baa1 27.42 14.99 K-T KINROSS GOLD CORP 2.07 N-A 90.58 -13.39 BBB- Baa3 0.00 18.22 OTEX-T OPEN TEXT CORP 2.02 12.49 10.03 -5.16 BB+ Ba1 68.16 23.52 FFH-T FAIRFAX FINANCIAL HLDGS LTD 1.91 -0.88 -1.30 28.03 BBB- Baa3 7.63 21.60 CNR-T CANADIAN NATL RAILWAY CO 1.82 10.40 6.96 18.44 A A2 35.63 27.18 ABX-T BARRICK GOLD CORP 1.77 55.94 137.59 13.02 BBB Baa1 32.55 20.08 TRI-T THOMSON REUTERS CORP 1.74 0.39 -0.54 26.52 BBB Baa2 14.40 9.10 RBA-T RITCHIE BROS AUCTIONEERS 1.73 6.51 7.28 2.11 BB+ *- Ba2 54.12 34.33 MRU-T METRO INC/CN 1.64 11.97 10.81 26.48 BBB N-A 29.91 19.85 PRMW-T PRIMO WATER CORP 1.52 -1.07 -6.35 -1.16 B B1 N-A 56.49 TA-T TRANSALTA CORP 1.52 2.95 8.82 11.86 BB+ Ba1 N-A N-A L-T LOBLAW COMPANIES LTD 1.48 6.33 9.38 61.27 BBB N-A 41.33 22.58 CCL-B-T CCL INDUSTRIES INC - CL B 1.31 16.00 16.67 -1.66 BBB Baa2 24.29 19.20 WFG-T WEST FRASER TIMBER CO LTD 1.02 27.84 19.51 39.97 BBB- Baa3 2.88 3.79 MX-T METHANEX CORP 1.01 -22.26 -37.04 32.37 BB Ba1 5.11 8.32 BAM-A-T BROOKFIELD ASSET MANAGE-CL A 1.00 7.19 1.80 29.74 A- Baa1 22.54 N-A ATD-B-T ALIMENTATION COUCHE-TARD -B 0.89 18.98 25.21 N-A BBB Baa2 13.58 N-A CP-T CANADIAN PACIFIC RAILWAY LTD 0.81 15.48 6.74 2.53 BBB+ N-A 18.11 18.99 WCN-T WASTE CONNECTIONS INC 0.76 9.26 3.05 24.32 BBB+ Baa2 35.71 43.01 CVE-T CENOVUS ENERGY INC 0.71 -15.24 40.00 124.96 BBB- Baa3 29.98 23.70 CCO-T CAMECO CORP 0.44 -27.52 0.00 28.62 BBB- N-A N-A N-A TECK-B-T TECK RESOURCES LTD-CLS B 0.44 14.87 0.00 75.19 BBB- Baa3 N-A 13.43 DOL-T DOLLARAMA INC 0.31 8.58 12.40 35.88 BBB N-A 9.85 32.30 SNC-T SNC-LAVALIN GROUP INC 0.27 -40.13 0.00 9.63 BB+ N-A N-A N-A HBM-T HUDBAY MINERALS INC 0.19 0.00 0.00 14.15 B B2 N-A N-A GFL-T GFL ENVIRONMENTAL INC-SUB VT 0.15 N-A 2.70 0.62 B+ B1 N-A N-A FM-T FIRST QUANTUM MINERALS LTD 0.03 -7.79 0.00 32.00 B N-A 0.83 20.69
Source: Bloomberg
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Scott Barlow