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 9.93 2.82 2.88 -28.58 N-A Baa3 142.41 N-A GEI-T GIBSON ENERGY INC 8.08 3.13 5.48 -5.53 BBB- N-A 96.51 10.26 TRP-T TC ENERGY CORP 7.96 6.49 3.36 -9.84 BBB+ Baa3 560.84 7.02 ENB-T ENBRIDGE INC 7.84 6.07 3.15 -5.42 BBB+ Baa1 269.06 12.95 TCL-A-T TRANSCONTINENTAL INC-CL A 7.75 1.63 0.00 -22.85 BBB- N-A 55.33 8.73 BCE-T BCE INC 7.51 5.09 5.16 -5.08 BBB+ Baa2 123.50 16.34 AQN-T ALGONQUIN POWER & UTILITIES 7.18 1.48 -25.07 -41.94 BBB N-A N-A 40.84 SPB-T SUPERIOR PLUS CORP 6.99 0.00 0.00 10.17 BB- N-A N-A 116.40 BNS-T BANK OF NOVA SCOTIA 6.84 5.36 6.36 2.18 A+ N-A 50.41 9.09 CM-T CAN IMPERIAL BK OF COMMERCE 6.60 5.28 5.20 -7.15 A+ N-A 48.83 9.04 T-T TELUS CORP 6.57 6.77 7.31 -14.72 BBB Baa2 117.19 18.59 PPL-T PEMBINA PIPELINE CORP 6.55 3.70 4.85 3.24 BBB N-A 49.53 12.23 CRT-UN-T CT REAL ESTATE INVESTMENT TR 6.52 3.95 3.44 -2.91 BBB N-A 135.11 30.20 FCR-UN-T FIRST CAPITAL REAL ESTATE IN 6.49 0.09 84.62 -6.97 BBB- N-A N-A 48.61 CPX-T CAPITAL POWER CORP 6.43 6.74 5.96 -13.75 BBB- N-A 265.66 7.31 IGM-T IGM FINANCIAL INC 6.42 0.00 0.00 7.94 A N-A 61.87 10.84 KEY-T KEYERA CORP 6.24 2.89 2.08 20.09 BBB N-A 129.66 16.98 LB-T LAURENTIAN BANK OF CANADA 6.16 -6.04 4.49 9.11 BBB N-A 35.90 6.37 POW-T POWER CORP OF CANADA 6.06 6.93 4.55 18.24 A+ N-A 69.41 10.52 REI-UN-T RIOCAN REAL ESTATE INVST TR 6.00 -5.85 6.00 1.91 BBB N-A 131.00 11.15 BEP-UN-T BROOKFIELD RENEWABLE PARTNER 5.94 1.72 11.63 -25.28 BBB+ N-A N-A N-A CHP-UN-T CHOICE PROPERTIES REIT 5.90 0.16 0.79 6.55 BBB N-A 71.93 7.90 MFC-T MANULIFE FINANCIAL CORP 5.85 10.50 7.95 21.79 A N-A 35.73 8.83 EMA-T EMERA INC 5.74 4.08 4.15 -9.38 BBB Baa3 75.03 11.04 NPI-T NORTHLAND POWER INC 5.44 0.34 0.00 -43.35 BBB N-A 34.85 13.43 GWO-T GREAT-WEST LIFECO INC 5.29 5.97 4.59 39.41 A+ N-A 56.73 6.39 SES-T SECURE ENERGY SERVICES INC 5.23 8.38 N-A 40.70 B B1 20.61 11.94 CIX-T CI FINANCIAL CORP 5.14 0.00 0.00 23.65 NR Baa2 45.83 6.60 BIP-UN-T BROOKFIELD INFRASTRUCTURE PA 5.13 5.28 12.39 -15.00 BBB+ N-A 653.13 N-A BMO-T BANK OF MONTREAL 5.13 8.99 11.94 -0.88 A+ N-A 27.31 11.16 CCA-T COGECO COMMUNICATIONS INC 5.03 10.31 10.07 -10.39 BB N-A 30.80 6.34 CTC-A-T CANADIAN TIRE CORP-CLASS A 4.74 15.21 25.93 2.98 BBB N-A 35.45 10.06 TD-T TORONTO-DOMINION BANK 4.69 8.22 8.96 1.24 AA- N-A 37.52 9.69 POU-T PARAMOUNT RESOURCES LTD -A 4.61 N-A 169.02 44.54 BB- Ba3 23.57 7.45 FTS-T FORTIS INC 4.56 5.86 5.61 2.62 A- Baa3 79.32 17.20 RY-T ROYAL BANK OF CANADA 4.55 7.33 10.71 -0.58 AA- N-A 44.68 11.47 SLF-T SUN LIFE FINANCIAL INC 4.54 9.59 8.89 25.83 A+ N-A 52.85 11.50 NA-T NATIONAL BANK OF CANADA 4.49 10.28 11.17 9.55 A N-A 36.83 9.76 GRT-UN-T GRANITE REAL ESTATE INVESTME 4.44 3.32 3.26 12.64 N-A (P)Baa2 129.76 11.67 SU-T SUNCOR ENERGY INC 4.38 8.24 16.85 28.09 BBB Baa1 28.73 9.32 ALA-T ALTAGAS LTD 4.24 -12.73 4.25 4.50 BBB- N-A 74.69 18.37 RUS-T RUSSEL METALS INC 4.21 0.52 2.63 54.59 BB+ Ba1 25.71 7.71 CNQ-T CANADIAN NATURAL RESOURCES 4.03 22.63 -18.16 45.44 BBB- Baa1 47.74 13.40 TVE-T TAMARACK VALLEY ENERGY LTD 3.85 N-A 80.98 6.78 B N-A 1.67 11.86 RCI-B-T ROGERS COMMUNICATIONS INC-B 3.83 0.82 0.00 1.54 BBB- N-A 60.12 12.98 GSY-T GOEASY LTD 3.59 34.69 11.80 3.20 BB- Ba3 44.60 9.13 IAG-T IA FINANCIAL CORP INC 3.58 13.12 12.94 26.03 A N-A 33.90 7.34 AEM-T AGNICO EAGLE MINES LTD 3.51 30.76 9.32 8.91 NR Baa2 108.24 22.72 MG-T MAGNA INTERNATIONAL INC 3.44 8.64 8.25 14.16 A- A3 86.82 11.36 H-T HYDRO ONE LTD 3.41 5.06 5.51 6.15 A- N-A 63.05 20.20 PKI-T PARKLAND CORP 3.40 2.90 3.46 40.84 BB N-A 70.14 33.79 NTR-T NUTRIEN LTD 3.37 12.19 13.20 -23.96 BBB Baa2 13.50 7.71 QSR-T RESTAURANT BRANDS INTERN 3.29 7.91 6.16 26.51 BB N-A 65.79 28.63 OTEX-T OPEN TEXT CORP 2.88 12.48 13.91 32.55 BB+ Ba2 170.56 28.19 ABX-T BARRICK GOLD CORP 2.75 31.68 -34.99 -5.60 BBB+ A3 266.47 21.14 K-T KINROSS GOLD CORP 2.61 N-A 6.10 22.85 BBB- Baa3 494.10 11.57 SAP-T SAPUTO INC 2.61 2.37 0.69 -11.79 N-A Baa1 48.46 17.37 FTT-T FINNING INTERNATIONAL INC 2.48 4.50 5.42 70.37 BBB+ N-A 29.04 10.68 IMO-T IMPERIAL OIL LTD 2.38 21.85 45.74 44.19 AA- N-A 12.70 9.34 IFC-T INTACT FINANCIAL CORP 2.22 9.43 9.97 3.64 N-A Baa1 29.71 17.04 CNR-T CANADIAN NATL RAILWAY CO 2.14 11.78 10.31 1.15 A- A2 39.30 18.94 EFN-T ELEMENT FLEET MANAGEMENT COR 2.08 5.92 29.03 20.64 BBB N-A 34.50 18.87 YRI-T YAMANA GOLD INC 2.06 25.81 -47.49 N-A BBB- Baa3 N-A N-A VET-T VERMILION ENERGY INC 2.01 -32.29 90.00 -31.36 B+ B1 3.49 2.35 CVE-T CENOVUS ENERGY INC 1.97 24.74 115.71 37.39 BBB- Baa2 3.40 16.43 TA-T TRANSALTA CORP 1.86 6.58 10.00 -1.29 BB+ Ba1 372.63 12.92 CCL-B-T CCL INDUSTRIES INC - CL B 1.85 15.43 11.29 -13.03 BBB Baa2 27.35 16.26 RBA-T RB GLOBAL INC 1.73 27.16 125.51 1.90 BB+ Ba2 36.04 31.89 MRU-T METRO INC/CN 1.70 10.98 10.00 4.31 BBB N-A 31.19 16.67 WFG-T WEST FRASER TIMBER CO LTD 1.64 21.58 19.04 0.32 BBB- Baa3 5.22 83.43 MX-T METHANEX CORP 1.62 -10.27 31.98 42.92 BB Ba1 3.43 15.06 TRI-T THOMSON REUTERS CORP 1.59 5.53 15.00 19.18 BBB Baa2 62.05 29.38 L-T LOBLAW COMPANIES LTD 1.55 8.54 10.52 6.92 BBB N-A 27.08 18.47 FFH-T FAIRFAX FINANCIAL HLDGS LTD 1.19 1.67 7.92 82.69 BBB Baa3 21.45 8.97 BN-T BROOKFIELD CORP 0.88 -1.24 -32.61 -4.61 A- A3 46.05 29.05 TECK-B-T TECK RESOURCES LTD-CLS B 0.87 10.76 8.11 39.11 BBB- Baa3 6.44 9.69 ATD-T ALIMENTATION COUCHE-TARD INC 0.79 24.13 27.27 29.34 BBB+ Baa1 17.28 17.58 CP-T CANADIAN PACIFIC KANSAS CITY 0.75 9.40 0.00 10.06 BBB+ N-A 17.00 26.17 WCN-T WASTE CONNECTIONS INC 0.75 13.78 17.06 -0.66 BBB+ Baa1 29.08 39.87 FM-T FIRST QUANTUM MINERALS LTD 0.52 83.84 27.27 32.50 B+ N-A 11.02 36.56 HBM-T HUDBAY MINERALS INC 0.31 0.00 0.00 14.90 B B1 7.44 N-A DOL-T DOLLARAMA INC 0.30 10.46 19.41 19.44 BBB N-A 7.97 30.47 GFL-T GFL ENVIRONMENTAL INC-SUB VT 0.16 N-A 15.69 23.57 B+ B1 N-A N-A
Source: Bloomberg
Scott Barlow