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 Thursday market 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 SPB-T SUPERIOR PLUS CORP 6.06 0.00 0.00 -14.11 BB- N-A N-A N-A ENB-T ENBRIDGE INC 5.92 9.14 3.06 33.31 BBB+ Baa1 116.18 20.59 GEI-T GIBSON ENERGY INC 5.91 1.47 3.65 18.47 BBB- Ba2 141.43 25.57 KEY-T KEYERA CORP 5.84 4.24 0.00 33.11 BBB- N-A 130.89 18.18 GWO-T GREAT-WEST LIFECO INC 5.36 5.73 5.94 11.76 A+ N-A 55.23 20.16 IGM-T IGM FINANCIAL INC 5.33 0.00 0.00 12.30 A N-A 54.89 10.36 PPL-T PEMBINA PIPELINE CORP 5.22 5.59 0.00 39.61 BBB N-A 126.23 18.25 TCL-A-T TRANSCONTINENTAL INC-CL A 5.21 3.58 0.00 -23.62 BBB- N-A 59.95 N-A CPX-T CAPITAL POWER CORP 5.19 7.02 6.82 18.11 BBB- N-A 505.52 24.86 POW-T POWER CORP OF CANADA 5.14 7.06 5.31 19.49 A+ N-A 42.63 9.08 CJR-B-T CORUS ENTERTAINMENT INC-B SH 5.06 -26.77 0.00 -15.23 BB N-A 28.98 6.25 BCE-T BCE INC 5.05 5.10 5.11 33.27 BBB+ Baa2 117.09 22.72 MFC-T MANULIFE FINANCIAL CORP 4.98 9.93 8.93 2.82 A N-A 32.98 13.86 TRP-T TC ENERGY CORP 4.88 8.63 6.36 31.72 BBB+ Baa2 187.82 16.85 RUS-T RUSSEL METALS INC 4.85 0.00 0.00 21.14 BB+ Ba2 22.07 4.52 CRT-UN-T CT REAL ESTATE INVESTMENT TR 4.78 3.95 4.43 12.41 BBB N-A 91.62 26.88 CHP-UN-T CHOICE PROPERTIES REIT 4.67 1.12 0.00 19.92 BBB N-A 2325.65 N-A BNS-T BANK OF NOVA SCOTIA 4.57 5.12 5.56 16.89 A+ N-A 46.54 10.75 CU-T CANADIAN UTILITIES LTD-A 4.53 5.77 1.01 21.15 BBB+ N-A 144.73 24.79 CM-T CAN IMPERIAL BK OF COMMERCE 4.41 4.49 5.14 22.89 A+ N-A 41.81 9.70 LB-T LAURENTIAN BANK OF CANADA 4.29 -7.04 5.00 5.36 BBB N-A 154.91 8.56 AQN-T ALGONQUIN POWER & UTILITIES 4.24 8.24 5.51 1.82 BBB N-A 165.34 36.63 ACO-X-T ATCO LTD -CLASS I 4.16 8.85 3.00 10.29 BBB+ N-A 83.22 29.16 REI-UN-T RIOCAN REAL ESTATE INVST TR 4.12 -7.21 -26.52 28.94 BBB N-A 50.83 15.13 EMA-T EMERA INC 4.09 4.95 4.00 19.52 BBB Baa3 128.82 16.41 SU-T SUNCOR ENERGY INC 4.09 1.15 50.00 61.97 BBB+ Baa1 37.96 15.37 AP-UN-T ALLIED PROPERTIES REAL ESTAT 3.90 2.55 3.01 9.52 N-A Baa2 48.86 77.57 SLF-T SUN LIFE FINANCIAL INC 3.85 7.96 10.00 10.54 A+ WR (hyb) 34.41 10.48 T-T TELUS CORP 3.82 6.49 6.83 39.21 BBB+ Baa1 103.37 32.09 CNQ-T CANADIAN NATURAL RESOURCES 3.78 18.25 30.52 112.96 BBB- Baa2 11.56 13.98 CIX-T CI FINANCIAL CORP 3.75 -12.14 0.00 3.02 BBB Baa2 35.78 7.50 NA-T NATIONAL BANK OF CANADA 3.73 7.32 11.27 12.00 A N-A 31.36 9.83 CAS-T CASCADES INC 3.71 22.42 37.50 -8.47 BB- Ba2 N-A N-A BMO-T BANK OF MONTREAL 3.70 5.57 6.37 30.35 A+ N-A 36.56 10.75 TD-T TORONTO-DOMINION BANK 3.69 8.35 6.33 20.98 AA- N-A 40.86 12.00 QSR-T RESTAURANT BRANDS INTERN 3.65 25.47 -0.78 -7.60 BB N-A 78.42 18.26 ALA-T ALTAGAS LTD 3.58 -12.44 8.92 44.29 BBB- N-A 122.17 34.17 RY-T ROYAL BANK OF CANADA 3.54 6.24 2.78 20.14 AA- N-A 39.02 12.05 IAG-T IA FINANCIAL CORP INC 3.41 11.13 14.43 7.97 A N-A 26.99 N-A FTS-T FORTIS INC 3.30 6.06 5.85 22.63 A- Baa3 79.85 25.13 GRT-UN-T GRANITE REAL ESTATE INVESTME 3.29 4.01 3.31 24.47 N-A (P)Baa2 14.71 453.08 BIP-UN-T BROOKFIELD INFRASTRUCTURE PA 3.27 4.37 1.06 26.25 BBB+ N-A 108.86 40.25 BEP-UN-T BROOKFIELD RENEWABLE PARTNER 3.25 -0.42 -5.37 -3.58 BBB+ N-A N-A N-A SJR-B-T SHAW COMMUNICATIONS INC-B 3.01 0.00 0.00 21.23 BBB- Baa2 *- 61.07 19.28 H-T HYDRO ONE LTD 3.01 4.86 5.01 22.61 A- N-A 65.18 22.01 MG-T MAGNA INTERNATIONAL INC 2.99 10.01 1.69 -30.04 A- A3 33.95 11.17 GSY-T GOEASY LTD 2.91 39.10 43.78 -1.22 BB- Ba3 24.90 8.42 NPI-T NORTHLAND POWER INC 2.84 2.13 0.00 -6.17 BBB N-A 147.81 62.65 CTC-A-T CANADIAN TIRE CORP-CLASS A 2.76 15.23 5.18 4.57 BBB N-A 26.67 10.03 RCI-B-T ROGERS COMMUNICATIONS INC-B 2.73 0.82 0.00 25.42 BBB+ *- N-A 64.83 20.25 CCA-T COGECO COMMUNICATIONS INC 2.64 10.40 10.25 -9.24 BB+ N-A 30.22 12.06 EFN-T ELEMENT FLEET MANAGEMENT COR 2.58 13.70 29.55 -13.67 BBB N-A 35.21 15.79 AEM-T AGNICO EAGLE MINES LTD 2.54 29.49 26.62 6.34 NR Baa2 62.61 28.44 FCR-UN-T FIRST CAPITAL REAL ESTATE IN 2.46 -12.86 -42.63 3.43 BBB- Baa3 20.57 14.90 FTT-T FINNING INTERNATIONAL INC 2.45 3.81 7.32 16.69 BBB+ N-A 9.96 16.70 SAP-T SAPUTO INC 2.38 4.10 2.88 -21.81 N-A Baa1 45.54 33.24 IMO-T IMPERIAL OIL LTD 2.18 13.90 30.68 103.14 AA- N-A 29.41 18.16 ITP-T INTERTAPE POLYMER GROUP INC 2.16 3.08 5.88 42.44 BB- *- Ba2 *- 56.98 22.01 IFC-T INTACT FINANCIAL CORP 2.14 8.45 7.53 21.41 N-A Baa1 27.42 15.22 OTEX-T OPEN TEXT CORP 2.09 12.30 10.38 -11.88 BB+ Ba1 68.16 22.90 K-T KINROSS GOLD CORP 2.06 N-A 29.47 -18.43 BBB- Baa3 0.00 18.66 YRI-T YAMANA GOLD INC 2.06 40.80 31.27 26.50 BB+ Baa3 71.05 24.34 PRMW-T PRIMO WATER CORP 1.97 -0.23 0.03 -13.02 B B1 N-A 62.50 CNR-T CANADIAN NATL RAILWAY CO 1.83 10.89 10.15 11.35 A A2 35.63 26.97 NTR-T NUTRIEN LTD 1.82 N-A -1.42 96.18 BBB Baa2 33.24 17.80 FFH-T FAIRFAX FINANCIAL HLDGS LTD 1.82 -0.88 -1.30 23.12 BBB- Baa3 7.73 25.41 RBA-T RITCHIE BROS AUCTIONEERS 1.72 6.51 7.28 -3.41 BB+ *- Ba2 70.46 36.30 TRI-T THOMSON REUTERS CORP 1.65 1.09 2.01 22.14 BBB Baa2 14.06 9.68 CCL-B-T CCL INDUSTRIES INC - CL B 1.65 15.96 16.00 -16.02 BBB Baa2 25.20 17.52 ABX-T BARRICK GOLD CORP 1.63 53.00 129.16 22.41 BBB+ Baa1 32.55 22.09 MRU-T METRO INC/CN 1.50 11.97 10.81 27.36 BBB N-A 29.91 21.68 TA-T TRANSALTA CORP 1.47 3.50 10.14 11.50 BB+ Ba1 N-A N-A WFG-T WEST FRASER TIMBER CO LTD 1.38 30.80 34.00 -9.81 BBB- Baa3 2.88 2.75 L-T LOBLAW COMPANIES LTD 1.25 6.58 10.00 69.99 BBB N-A 25.34 21.47 BAM-A-T BROOKFIELD ASSET MANAGE-CL A 1.01 7.47 3.77 26.82 A- Baa1 22.69 N-A TECK-B-T TECK RESOURCES LTD-CLS B 1.01 50.61 287.50 103.51 BBB- Baa3 3.71 9.16 MX-T METHANEX CORP 0.92 -18.44 168.13 49.48 BB Ba1 5.11 9.28 ATD-B-T ALIMENTATION COUCHE-TARD -B 0.89 17.33 18.25 N-A BBB Baa2 13.58 N-A CP-T CANADIAN PACIFIC RAILWAY LTD 0.79 13.70 3.26 2.69 BBB+ N-A 18.11 19.60 CVE-T CENOVUS ENERGY INC 0.66 -12.09 31.25 117.73 BBB- N-A 29.98 25.43 WCN-T WASTE CONNECTIONS INC 0.64 12.56 5.12 28.15 BBB+ Baa2 35.63 51.16 CCO-T CAMECO CORP 0.31 -27.52 0.00 74.26 BBB- N-A N-A N-A DOL-T DOLLARAMA INC 0.29 8.58 12.40 35.38 BBB N-A 9.16 34.65 SNC-T SNC-LAVALIN GROUP INC 0.27 -40.28 0.00 7.22 BB+ N-A 14.02 47.46 HBM-T HUDBAY MINERALS INC 0.21 0.00 0.00 -6.31 B B2 N-A N-A GFL-T GFL ENVIRONMENTAL INC-SUB VT 0.14 N-A 2.70 -6.44 B+ B1 N-A N-A FM-T FIRST QUANTUM MINERALS LTD 0.02 -7.79 0.00 47.66 B+ N-A 0.83 25.30
Source: Bloomberg
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Scott Barlow