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 11.08 2.84 2.88 -31.81 N-A Baa3 142.41 N-A TCL-A-T TRANSCONTINENTAL INC-CL A 8.53 1.63 0.00 -25.09 BBB- N-A 55.33 8.03 AQN-T ALGONQUIN POWER & UTILITIES 7.74 1.48 -25.07 -45.79 BBB N-A N-A 377.17 SPB-T SUPERIOR PLUS CORP 7.70 0.00 0.00 4.19 BB- N-A N-A 62.86 ENB-T ENBRIDGE INC 7.63 6.07 3.15 -9.47 BBB+ Baa1 269.06 15.60 TRP-T TC ENERGY CORP 7.52 6.49 3.36 -15.47 BBB+ Baa3 560.84 7.69 GEI-T GIBSON ENERGY INC 7.49 3.13 5.48 -7.15 BBB- N-A 96.51 13.63 BCE-T BCE INC 7.25 5.09 5.16 -8.89 BBB+ Baa2 123.50 16.55 BNS-T BANK OF NOVA SCOTIA 7.25 4.97 2.96 -8.91 A+ N-A 50.41 8.65 LB-T LAURENTIAN BANK OF CANADA 7.19 -6.04 4.49 -14.59 BBB N-A 35.90 5.38 CRT-UN-T CT REAL ESTATE INVESTMENT TR 7.18 3.94 3.44 -11.30 BBB N-A 135.11 29.74 IGM-T IGM FINANCIAL INC 6.91 0.00 0.00 -11.01 A N-A 62.69 10.16 CM-T CAN IMPERIAL BK OF COMMERCE 6.80 5.28 5.20 -13.73 A+ N-A 48.83 8.88 CPX-T CAPITAL POWER CORP 6.45 6.74 5.96 -9.30 BBB- N-A 265.66 5.99 CCA-T COGECO COMMUNICATIONS INC 6.36 10.31 7.37 -22.13 BB N-A N-A 5.66 T-T TELUS CORP 6.32 6.77 7.31 -12.97 BBB Baa2 117.19 23.89 REI-UN-T RIOCAN REAL ESTATE INVST TR 6.30 -5.79 5.97 -13.32 BBB N-A 131.00 10.57 KEY-T KEYERA CORP 6.27 2.77 2.08 20.55 BBB N-A 129.66 16.52 POW-T POWER CORP OF CANADA 6.18 6.93 4.55 10.36 A+ N-A 69.41 10.30 BEP-UN-T BROOKFIELD RENEWABLE PARTNER 6.16 1.72 11.63 -22.52 BBB+ N-A N-A N-A PPL-T PEMBINA PIPELINE CORP 6.13 3.60 4.54 1.39 BBB N-A 49.53 18.14 CHP-UN-T CHOICE PROPERTIES REIT 6.00 0.18 0.90 -4.01 BBB N-A 71.93 13.23 EMA-T EMERA INC 5.98 4.08 4.11 -0.78 BBB Baa3 75.03 11.06 BIP-UN-T BROOKFIELD INFRASTRUCTURE PA 5.82 5.28 12.39 -25.23 BBB+ N-A 653.13 185.83 MFC-T MANULIFE FINANCIAL CORP 5.73 10.50 7.95 17.91 A N-A 35.73 9.64 CIX-T CI FINANCIAL CORP 5.71 0.00 0.00 -0.31 NR Baa2 45.83 6.52 BMO-T BANK OF MONTREAL 5.56 8.94 6.62 -14.57 A+ N-A 27.31 10.41 NPI-T NORTHLAND POWER INC 5.53 0.17 0.00 -44.05 BBB N-A 34.85 14.81 GWO-T GREAT-WEST LIFECO INC 5.40 5.97 4.59 36.92 A+ N-A 56.73 20.75 POU-T PARAMOUNT RESOURCES LTD -A 5.17 N-A 150.00 2.13 BB- Ba3 23.57 7.81 SES-T SECURE ENERGY SERVICES INC 5.08 8.28 N-A 9.02 B B1 20.61 12.89 CTC-A-T CANADIAN TIRE CORP-CLASS A 5.07 13.90 17.95 -0.66 BBB N-A 35.45 14.18 GRT-UN-T GRANITE REAL ESTATE INVESTME 4.94 3.30 3.26 -12.01 N-A (P)Baa2 129.76 12.34 TD-T TORONTO-DOMINION BANK 4.71 8.03 7.87 -4.41 AA- N-A 37.52 9.63 SU-T SUNCOR ENERGY INC 4.68 8.24 16.85 -1.33 BBB Baa1 28.73 8.96 RY-T ROYAL BANK OF CANADA 4.66 7.21 7.66 -7.35 AA- N-A 44.68 11.23 SLF-T SUN LIFE FINANCIAL INC 4.65 9.59 8.89 12.24 A+ N-A 52.85 11.40 NA-T NATIONAL BANK OF CANADA 4.64 10.28 11.17 -3.65 A N-A 36.83 9.56 CNQ-T CANADIAN NATURAL RESOURCES 4.52 22.63 -18.16 13.26 BBB- Baa1 47.74 13.89 RUS-T RUSSEL METALS INC 4.42 0.52 2.63 33.37 BB+ Ba1 25.71 8.46 ALA-T ALTAGAS LTD 4.17 -12.79 4.25 19.31 BBB- N-A 74.69 15.54 FTS-T FORTIS INC 4.16 5.86 5.61 8.85 A- Baa3 79.32 17.93 TVE-T TAMARACK VALLEY ENERGY LTD 3.98 N-A 63.93 -23.33 B N-A 1.67 15.81 NTR-T NUTRIEN LTD 3.89 12.19 13.20 -26.69 BBB Baa2 13.50 9.20 IAG-T IA FINANCIAL CORP INC 3.63 13.12 12.94 23.58 A N-A 33.90 9.37 MG-T MAGNA INTERNATIONAL INC 3.54 8.64 8.25 -5.98 A- A3 86.82 10.37 RCI-B-T ROGERS COMMUNICATIONS INC-B 3.44 0.82 0.00 2.79 BBB- Baa3 60.12 18.07 AEM-T AGNICO EAGLE MINES LTD 3.42 30.76 9.32 6.35 NR Baa2 108.24 24.57 PKI-T PARKLAND CORP 3.37 2.88 3.46 80.71 BB N-A 70.14 14.23 H-T HYDRO ONE LTD 3.31 5.06 5.51 13.19 A- N-A 63.05 20.93 QSR-T RESTAURANT BRANDS INTERN 3.20 7.91 6.16 18.73 BB N-A 65.79 25.96 GSY-T GOEASY LTD 3.01 34.69 11.80 3.82 BB- Ba3 44.60 10.07 OTEX-T OPEN TEXT CORP 2.87 12.48 13.91 31.63 BB+ Ba2 170.56 18.13 FTT-T FINNING INTERNATIONAL INC 2.84 4.50 5.42 9.83 BBB+ N-A 29.04 9.08 SAP-T SAPUTO INC 2.65 2.37 0.69 -11.38 N-A Baa1 48.46 17.75 ABX-T BARRICK GOLD CORP 2.65 31.68 -34.99 -0.76 BBB+ A3 266.47 18.59 IMO-T IMPERIAL OIL LTD 2.62 21.85 45.74 2.24 AA- N-A 12.70 8.53 EFN-T ELEMENT FLEET MANAGEMENT COR 2.33 5.92 29.03 15.24 BBB N-A 34.50 18.57 CVE-T CENOVUS ENERGY INC 2.25 24.74 115.71 -10.86 BBB- Baa2 3.40 11.13 K-T KINROSS GOLD CORP 2.23 N-A 6.10 35.76 BBB- Baa3 494.10 12.13 VET-T VERMILION ENERGY INC 2.21 -32.37 90.00 -33.83 B+ B1 3.49 2.63 IFC-T INTACT FINANCIAL CORP 2.18 9.43 9.97 5.62 N-A Baa1 29.71 19.68 YRI-T YAMANA GOLD INC 2.06 9.45 -73.84 N-A BBB- Baa3 N-A N-A CNR-T CANADIAN NATL RAILWAY CO 2.05 11.78 10.31 -5.44 A- A2 39.30 20.68 TA-T TRANSALTA CORP 1.97 6.58 10.00 -8.84 BB+ Ba1 372.63 6.41 CCL-B-T CCL INDUSTRIES INC - CL B 1.97 15.43 11.29 -8.80 BBB Baa2 27.35 15.05 MX-T METHANEX CORP 1.75 -10.27 31.98 12.30 BB Ba1 3.43 16.01 MRU-T METRO INC/CN 1.66 10.94 10.00 3.29 BBB N-A 31.19 17.48 WFG-T WEST FRASER TIMBER CO LTD 1.64 21.58 19.04 -8.14 BBB- Baa3 5.22 237.38 RBA-T RB GLOBAL INC 1.61 27.16 125.51 35.74 BB+ Ba2 36.04 36.02 L-T LOBLAW COMPANIES LTD 1.52 8.54 10.52 9.08 BBB N-A 27.08 19.28 TRI-T THOMSON REUTERS CORP 1.51 5.53 15.00 25.38 BBB Baa2 62.05 27.81 FFH-T FAIRFAX FINANCIAL HLDGS LTD 1.09 1.67 7.92 72.88 BBB Baa2 21.45 7.32 TECK-B-T TECK RESOURCES LTD-CLS B 1.05 10.76 8.11 5.99 BBB- Baa3 6.44 9.49 FM-T FIRST QUANTUM MINERALS LTD 0.91 83.84 27.27 -47.23 B+ N-A 11.02 12.97 BN-T BROOKFIELD CORP 0.87 -1.24 -32.61 -6.88 A- A3 46.05 32.46 WCN-T WASTE CONNECTIONS INC 0.86 13.65 21.69 -2.24 BBB+ Baa1 29.08 37.12 CP-T CANADIAN PACIFIC KANSAS CITY 0.75 9.40 0.00 -2.61 BBB+ N-A 17.00 27.32 ATD-T ALIMENTATION COUCHE-TARD INC 0.71 24.13 27.27 26.14 BBB+ Baa1 17.28 18.81 HBM-T HUDBAY MINERALS INC 0.36 0.00 0.00 -19.71 B B1 7.44 62.00 DOL-T DOLLARAMA INC 0.29 11.31 23.82 21.60 BBB N-A 7.97 31.81 ATRL-T SNC-LAVALIN GROUP INC 0.20 -41.16 0.00 68.30 BB+ N-A 84.40 63.96 GFL-T GFL ENVIRONMENTAL INC-SUB VT 0.18 N-A 11.76 9.31 B+ B1 N-A N-A
Source: Bloomberg