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 market close 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 SPB-T SUPERIOR PLUS CORP 6.25 0.00 0.00 -21.01 BB- N-A N-A N-A ENB-T ENBRIDGE INC 6.01 9.14 3.06 26.40 BBB+ Baa1 116.18 19.25 KEY-T KEYERA CORP 6.03 4.14 0.00 17.88 BBB- N-A 130.89 17.59 GEI-T GIBSON ENERGY INC 5.77 1.47 3.65 16.67 BBB- Ba2 141.43 24.33 CJR-B-T CORUS ENTERTAINMENT INC-B SH 5.65 -26.77 0.00 -25.14 BB N-A 28.98 5.62 TCL-A-T TRANSCONTINENTAL INC-CL A 5.80 3.58 0.00 -30.30 BBB- N-A 59.95 11.92 GWO-T GREAT-WEST LIFECO INC 5.72 5.73 5.94 -0.48 A+ N-A 53.58 4.61 IGM-T IGM FINANCIAL INC 5.63 0.00 0.00 -5.77 A N-A 54.89 9.65 BCE-T BCE INC 5.33 5.10 5.11 23.72 BBB+ Baa2 117.09 20.34 POW-T POWER CORP OF CANADA 5.33 7.06 5.31 6.82 A+ N-A 42.63 8.76 MFC-T MANULIFE FINANCIAL CORP 5.30 9.93 8.93 -0.52 A N-A 32.98 13.01 CPX-T CAPITAL POWER CORP 4.94 7.02 6.82 17.92 BBB- N-A 505.52 22.37 PPL-T PEMBINA PIPELINE CORP 5.14 5.48 0.00 33.22 BBB N-A 126.23 16.84 TRP-T TC ENERGY CORP 5.11 8.63 6.36 20.52 BBB+ Baa2 187.82 16.12 BNS-T BANK OF NOVA SCOTIA 4.85 5.12 5.56 8.86 A+ N-A 46.54 10.13 CHP-UN-T CHOICE PROPERTIES REIT 4.93 1.02 0.00 11.91 BBB N-A 2325.65 N-A CRT-UN-T CT REAL ESTATE INVESTMENT TR 4.80 3.97 4.63 10.79 BBB N-A 91.62 26.79 CU-T CANADIAN UTILITIES LTD-A 4.61 5.31 1.01 17.30 BBB+ N-A 144.73 17.14 AQN-T ALGONQUIN POWER & UTILITIES 4.79 8.24 5.51 -3.04 BBB N-A 165.34 31.71 CM-T CAN IMPERIAL BK OF COMMERCE 4.60 4.49 5.14 12.13 A+ N-A 41.81 9.30 LB-T LAURENTIAN BANK OF CANADA 4.56 -7.04 5.00 -6.20 BBB N-A 154.91 8.07 RUS-T RUSSEL METALS INC 4.56 0.00 0.00 9.49 BB+ Ba2 22.07 4.63 CIX-T CI FINANCIAL CORP 4.40 -12.20 0.00 -17.81 BBB- Baa2 35.78 6.39 EMA-T EMERA INC 4.34 4.66 3.96 14.09 BBB Baa3 128.82 15.48 REI-UN-T RIOCAN REAL ESTATE INVST TR 4.42 -7.11 -23.83 14.81 BBB N-A 50.83 14.10 SLF-T SUN LIFE FINANCIAL INC 4.13 7.96 10.00 0.30 A+ N-A 34.41 9.77 AP-UN-T ALLIED PROPERTIES REAL ESTAT 4.32 2.57 3.00 -2.58 N-A Baa2 48.86 53.81 T-T TELUS CORP 4.28 6.49 6.83 26.43 BBB+ Baa1 103.37 29.35 ACO-X-T ATCO LTD -CLASS I 4.05 8.85 3.00 13.64 BBB+ N-A 83.22 20.47 BMO-T BANK OF MONTREAL 3.94 6.55 12.74 19.37 A+ N-A 36.56 10.09 NA-T NATIONAL BANK OF CANADA 3.78 7.32 11.27 5.65 A N-A 31.36 9.70 TD-T TORONTO-DOMINION BANK 3.81 8.35 6.33 12.71 AA- N-A 40.86 11.62 CNQ-T CANADIAN NATURAL RESOURCES 3.66 18.25 30.52 111.56 BBB- Baa1 11.56 14.43 CAS-T CASCADES INC 3.88 22.42 37.50 -8.23 BB- Ba2 N-A N-A IAG-T IA FINANCIAL CORP INC 3.75 11.13 14.43 -1.91 A N-A 26.99 N-A RY-T ROYAL BANK OF CANADA 3.68 6.43 5.56 12.78 AA- N-A 39.02 11.58 QSR-T RESTAURANT BRANDS INTERN 4.06 25.47 -0.78 -15.24 BB N-A 78.42 16.31 BEP-UN-T BROOKFIELD RENEWABLE PARTNER 3.63 -0.42 -5.37 4.51 BBB+ N-A N-A N-A SU-T SUNCOR ENERGY INC 3.55 1.15 50.00 76.35 BBB+ Baa1 37.96 17.71 ALA-T ALTAGAS LTD 3.68 -12.53 8.55 26.70 BBB- N-A 122.17 36.76 BIP-UN-T BROOKFIELD INFRASTRUCTURE PA 3.53 4.37 1.06 26.51 BBB+ N-A 108.86 35.72 FTS-T FORTIS INC 3.47 6.06 5.85 16.41 A- Baa3 79.85 23.81 GRT-UN-T GRANITE REAL ESTATE INVESTME 3.46 3.95 3.31 16.20 N-A (P)Baa2 14.71 429.87 SJR-B-T SHAW COMMUNICATIONS INC-B 3.20 0.00 0.00 8.03 BBB- Baa2 *- 61.07 18.47 GSY-T GOEASY LTD 3.16 39.10 43.78 -21.51 BB- Ba3 24.90 7.75 NPI-T NORTHLAND POWER INC 3.07 2.13 0.00 1.83 BBB N-A 147.81 57.87 H-T HYDRO ONE LTD 3.18 4.86 5.01 22.46 A- N-A 65.18 20.96 MG-T MAGNA INTERNATIONAL INC 3.01 10.01 1.69 -32.82 A- A3 33.95 11.29 CTC-A-T CANADIAN TIRE CORP-CLASS A 2.99 15.10 7.03 -10.00 BBB N-A 26.67 9.24 RCI-B-T ROGERS COMMUNICATIONS INC-B 2.94 0.82 0.00 15.77 BBB+ *- N-A 64.83 18.12 EFN-T ELEMENT FLEET MANAGEMENT COR 2.75 13.70 29.55 -22.85 BBB N-A 35.21 14.82 AEM-T AGNICO EAGLE MINES LTD 2.76 29.49 26.62 -8.03 NR Baa2 62.61 32.29 CCA-T COGECO COMMUNICATIONS INC 2.90 10.40 10.20 -15.44 BB+ N-A 30.22 10.72 SAP-T SAPUTO INC 2.68 4.10 2.88 -30.11 N-A Baa1 45.54 29.62 FTT-T FINNING INTERNATIONAL INC 2.43 3.81 7.32 12.98 BBB+ N-A 9.96 16.85 K-T KINROSS GOLD CORP 2.42 N-A 29.47 -29.50 BBB- Baa3 0.00 15.58 IFC-T INTACT FINANCIAL CORP 2.27 8.45 7.53 9.34 N-A Baa1 27.42 14.32 OTEX-T OPEN TEXT CORP 2.28 12.30 10.38 -10.57 BB+ Ba1 68.16 21.19 ITP-T INTERTAPE POLYMER GROUP INC 2.16 3.08 5.88 33.07 BB- *- Ba2 *- 56.98 21.51 YRI-T YAMANA GOLD INC 2.20 40.80 31.27 17.64 BBB- Baa3 71.05 21.80 IMO-T IMPERIAL OIL LTD 2.02 13.90 30.68 83.37 AA- N-A 29.41 14.52 CNR-T CANADIAN NATL RAILWAY CO 1.93 10.89 10.15 15.24 A A2 35.63 25.22 FFH-T FAIRFAX FINANCIAL HLDGS LTD 1.84 -0.88 -1.30 20.54 BBB- Baa3 7.73 33.79 NTR-T NUTRIEN LTD 1.80 N-A -1.42 88.13 BBB Baa2 33.24 12.71 RBA-T RITCHIE BROS AUCTIONEERS 1.87 6.51 7.28 -14.50 BB+ *- Ba2 70.46 32.67 ABX-T BARRICK GOLD CORP 3.55 53.00 129.16 5.01 BBB+ Baa1 32.55 20.74 TRI-T THOMSON REUTERS CORP 1.88 1.09 2.01 5.92 BBB Baa2 14.06 30.34 CVE-T CENOVUS ENERGY INC 1.62 -12.09 500.00 168.07 BBB- N-A 29.98 14.09 CCL-B-T CCL INDUSTRIES INC - CL B 1.70 15.96 16.00 -18.78 BBB Baa2 25.20 17.00 MRU-T METRO INC/CN 1.59 11.97 10.81 23.78 BBB N-A 29.91 20.05 TA-T TRANSALTA CORP 1.45 3.50 10.14 18.92 BB+ Ba1 N-A 229.59 L-T LOBLAW COMPANIES LTD 1.44 6.58 10.00 62.67 BBB N-A 25.34 19.32 MX-T METHANEX CORP 1.11 -18.44 168.13 40.72 BB Ba1 5.11 8.20 WFG-T WEST FRASER TIMBER CO LTD 1.06 30.80 34.00 14.68 BBB- Baa3 2.88 3.09 BAM-A-T BROOKFIELD ASSET MANAGE-CL A 1.13 7.47 3.77 15.56 A- Baa1 22.69 N-A TECK-B-T TECK RESOURCES LTD-CLS B 0.96 50.61 287.50 77.45 BBB- Baa3 3.71 6.95 ATD-B-T ALIMENTATION COUCHE-TARD -B 0.89 11.22 -9.52 N-A BBB Baa2 13.58 N-A CP-T CANADIAN PACIFIC RAILWAY LTD 0.81 13.70 3.26 -0.10 BBB+ N-A 18.11 20.18 WCN-T WASTE CONNECTIONS INC 0.72 12.56 5.12 9.81 BBB+ Baa2 35.63 43.61 CCO-T CAMECO CORP 0.38 -27.52 0.00 42.55 BBB- N-A N-A N-A DOL-T DOLLARAMA INC 0.31 8.57 11.28 30.80 BBB N-A 9.16 32.18 SNC-T SNC-LAVALIN GROUP INC 0.32 -40.28 0.00 -9.01 BB+ N-A 14.02 61.75 HBM-T HUDBAY MINERALS INC 0.25 0.00 0.00 -24.59 B B2 N-A N-A GFL-T GFL ENVIRONMENTAL INC-SUB VT 0.16 N-A 5.86 -6.32 B+ B1 N-A N-A FM-T FIRST QUANTUM MINERALS LTD 0.03 0.00 0.00 8.36 B+ N-A 0.83 16.07
Source: Bloomberg
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