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 IGM-T IGM FINANCIAL INC 6.43 0.00 0.00 -14.90 A N-A 54.89 8.69 GWO-T GREAT-WEST LIFECO INC 6.19 5.73 5.94 -7.31 A+ N-A 53.58 4.31 TCL-A-T TRANSCONTINENTAL INC-CL A 6.18 3.58 0.00 -33.65 BBB- N-A 59.95 11.30 ENB-T ENBRIDGE INC 6.15 8.51 3.04 26.97 BBB+ Baa1 116.18 19.34 GEI-T GIBSON ENERGY INC 6.06 1.47 3.65 13.21 BBB- Ba2 141.43 23.46 SPB-T SUPERIOR PLUS CORP 6.05 0.00 0.00 -15.73 BB- N-A N-A 61.88 KEY-T KEYERA CORP 5.96 4.14 0.00 15.16 BBB- N-A 130.89 16.55 MFC-T MANULIFE FINANCIAL CORP 5.89 9.36 8.93 -11.28 A N-A 32.98 7.35 CJR-B-T CORUS ENTERTAINMENT INC-B SH 5.85 -26.77 0.00 -28.82 BB N-A 28.98 5.26 POW-T POWER CORP OF CANADA 5.83 7.06 5.31 -5.29 A+ N-A 42.63 8.94 BCE-T BCE INC 5.49 5.10 5.11 21.15 BBB+ Baa2 117.09 20.00 AQN-T ALGONQUIN POWER & UTILITIES 5.28 8.24 5.51 -0.63 BBB N-A 165.34 26.75 PPL-T PEMBINA PIPELINE CORP 5.25 5.48 0.00 35.37 BBB N-A 126.23 16.80 CIX-T CI FINANCIAL CORP 5.14 -12.20 0.00 -29.58 BBB- Baa2 35.78 5.23 CPX-T CAPITAL POWER CORP 5.08 7.02 6.82 18.33 BBB- N-A 505.52 21.78 CAS-T CASCADES INC 5.05 22.42 37.50 -29.46 BB- Ba2 N-A N-A TRP-T TC ENERGY CORP 5.04 8.63 6.36 24.26 BBB+ Baa2 187.82 16.23 RUS-T RUSSEL METALS INC 5.03 0.00 0.00 -2.58 BB+ Ba2 22.07 4.21 CHP-UN-T CHOICE PROPERTIES REIT 4.95 1.02 0.00 7.26 BBB N-A 2325.65 N-A BNS-T BANK OF NOVA SCOTIA 4.94 5.12 5.56 5.95 A+ N-A 46.54 9.87 LB-T LAURENTIAN BANK OF CANADA 4.73 -7.04 5.00 -9.87 BBB N-A 154.91 7.76 CRT-UN-T CT REAL ESTATE INVESTMENT TR 4.69 3.97 4.63 7.60 BBB N-A 91.62 24.59 CM-T CAN IMPERIAL BK OF COMMERCE 4.68 4.49 5.14 6.95 A+ N-A 41.81 8.98 REI-UN-T RIOCAN REAL ESTATE INVST TR 4.67 -7.11 -23.83 6.27 BBB N-A 50.83 12.19 CU-T CANADIAN UTILITIES LTD-A 4.62 5.31 1.01 15.51 BBB+ N-A 144.73 17.21 AP-UN-T ALLIED PROPERTIES REAL ESTAT 4.58 2.57 3.00 -6.05 N-A Baa2 48.86 50.74 SLF-T SUN LIFE FINANCIAL INC 4.43 7.96 10.00 -2.51 A+ N-A 34.41 9.67 T-T TELUS CORP 4.36 6.49 6.83 23.21 BBB+ Baa1 103.37 27.98 QSR-T RESTAURANT BRANDS INTERN 4.23 23.60 -0.78 -16.82 BB N-A 78.42 15.38 EMA-T EMERA INC 4.21 4.66 3.96 16.07 BBB Baa3 128.82 16.00 IAG-T IA FINANCIAL CORP INC 4.16 11.13 14.43 -12.64 A N-A 26.99 N-A BMO-T BANK OF MONTREAL 4.06 6.55 12.74 13.42 A+ N-A 36.56 9.76 SU-T SUNCOR ENERGY INC 4.06 1.15 50.00 74.19 BBB+ Baa1 37.96 11.29 ACO-X-T ATCO LTD -CLASS I 4.00 8.85 3.00 10.00 BBB+ N-A 83.22 20.63 NA-T NATIONAL BANK OF CANADA 3.98 7.32 11.27 0.75 A N-A 31.36 9.35 CNQ-T CANADIAN NATURAL RESOURCES 3.96 18.25 30.52 94.85 BBB- Baa1 11.56 10.46 ABX-T BARRICK GOLD CORP 3.92 53.00 129.16 -4.04 BBB+ Baa1 32.55 18.78 TD-T TORONTO-DOMINION BANK 3.85 8.35 6.33 9.62 AA- N-A 40.86 11.45 RY-T ROYAL BANK OF CANADA 3.83 6.43 5.56 7.06 AA- N-A 39.02 11.14 CTC-A-T CANADIAN TIRE CORP-CLASS A 3.80 15.10 7.03 -15.73 BBB N-A 26.67 9.05 ALA-T ALTAGAS LTD 3.69 -12.53 8.55 22.87 BBB- N-A 122.17 35.89 BEP-UN-T BROOKFIELD RENEWABLE PARTNER 3.69 -0.42 -5.37 8.11 BBB+ N-A N-A N-A BIP-UN-T BROOKFIELD INFRASTRUCTURE PA 3.66 4.37 1.06 23.26 BBB+ N-A 108.86 34.32 GRT-UN-T GRANITE REAL ESTATE INVESTME 3.60 3.95 3.31 12.99 N-A (P)Baa2 14.71 N-A SJR-B-T SHAW COMMUNICATIONS INC-B 3.56 0.00 0.00 -3.05 BBB- Baa2 *- 61.07 16.84 FTS-T FORTIS INC 3.41 6.06 5.85 18.85 A- Baa3 79.85 24.39 H-T HYDRO ONE LTD 3.15 4.86 5.01 20.00 A- N-A 65.18 20.80 MG-T MAGNA INTERNATIONAL INC 3.13 10.69 4.85 -33.92 A- A3 33.95 10.74 AEM-T AGNICO EAGLE MINES LTD 3.10 29.49 26.62 -19.27 NR Baa2 62.61 28.28 GSY-T GOEASY LTD 3.02 39.10 43.78 -24.29 BB- Ba3 24.90 11.46 RCI-B-T ROGERS COMMUNICATIONS INC-B 3.01 0.82 0.00 7.01 BBB+ *- Baa1 *- 64.83 16.99 K-T KINROSS GOLD CORP 2.89 N-A 29.47 -41.05 BBB- Baa3 0.00 16.38 CCA-T COGECO COMMUNICATIONS INC 2.80 10.40 10.20 -17.20 BB+ N-A 30.22 10.59 FTT-T FINNING INTERNATIONAL INC 2.78 3.81 7.32 2.25 BBB+ N-A 38.94 13.96 SAP-T SAPUTO INC 2.73 4.10 2.88 -31.19 N-A Baa1 45.54 28.81 EFN-T ELEMENT FLEET MANAGEMENT COR 2.70 13.70 29.55 -5.20 BBB N-A 35.21 16.23 YRI-T YAMANA GOLD INC 2.51 40.80 31.27 7.74 BBB- Baa3 71.05 19.64 OTEX-T OPEN TEXT CORP 2.44 12.30 10.38 -14.39 BB+ Ba1 68.16 19.51 IMO-T IMPERIAL OIL LTD 2.32 13.90 30.68 65.54 AA- N-A 29.41 13.34 ITP-T INTERTAPE POLYMER GROUP INC 2.27 3.08 5.88 31.66 BB- *- Ba2 *- 56.98 33.36 IFC-T INTACT FINANCIAL CORP 2.19 8.45 7.53 12.02 N-A Baa1 27.42 14.68 CNR-T CANADIAN NATL RAILWAY CO 2.01 10.89 10.15 9.22 A A2 35.63 24.09 FFH-T FAIRFAX FINANCIAL HLDGS LTD 1.89 -0.88 -1.30 19.17 BBB- Baa3 7.73 33.45 NTR-T NUTRIEN LTD 1.88 N-A -1.42 77.05 BBB Baa2 33.24 11.77 TRI-T THOMSON REUTERS CORP 1.86 1.09 2.01 7.58 BBB Baa2 14.06 29.95 RBA-T RITCHIE BROS AUCTIONEERS 1.68 6.51 7.28 4.48 BB+ *- Ba2 70.46 34.92 CVE-T CENOVUS ENERGY INC 1.67 -12.09 500.00 167.48 BBB- N-A 29.98 13.57 CCL-B-T CCL INDUSTRIES INC - CL B 1.66 15.96 16.00 -15.76 BBB Baa2 25.20 16.96 MRU-T METRO INC/CN 1.57 12.51 13.51 20.95 BBB N-A 29.91 20.04 TA-T TRANSALTA CORP 1.46 3.50 10.14 25.77 BB+ Ba1 N-A 406.19 L-T LOBLAW COMPANIES LTD 1.46 6.58 10.00 60.54 BBB N-A 25.34 19.55 MX-T METHANEX CORP 1.24 -18.44 168.13 34.36 BB Ba1 5.11 7.34 WFG-T WEST FRASER TIMBER CO LTD 1.20 30.80 34.00 17.18 BBB- Baa3 2.88 2.85 BAM-A-T BROOKFIELD ASSET MANAGE-CL A 1.16 7.47 3.77 8.90 A- Baa1 22.69 N-A TECK-B-T TECK RESOURCES LTD-CLS B 1.05 50.61 287.50 58.69 BBB- Baa3 3.71 6.17 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 0.84 13.70 3.26 -8.13 BBB+ N-A 18.11 19.17 WCN-T WASTE CONNECTIONS INC 0.73 12.10 6.43 9.93 BBB+ Baa2 35.63 42.21 CCO-T CAMECO CORP 0.43 -27.52 0.00 18.32 BBB- N-A N-A N-A SNC-T SNC-LAVALIN GROUP INC 0.32 -40.28 0.00 -12.37 BB+ N-A 14.02 59.92 DOL-T DOLLARAMA INC 0.31 8.57 11.28 33.12 BBB N-A 9.16 32.21 HBM-T HUDBAY MINERALS INC 0.30 0.00 0.00 -33.78 B B2 N-A N-A GFL-T GFL ENVIRONMENTAL INC-SUB VT 0.16 N-A 5.86 -7.92 B+ B1 N-A N-A FM-T FIRST QUANTUM MINERALS LTD 0.03 0.00 0.00 7.81 B+ N-A 0.83 15.01
Source: Bloomberg
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Scott Barlow