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 10.36 2.82 2.88 -31.52 N-A Baa3 142.41 N-A ENB-T ENBRIDGE INC 8.16 6.07 3.15 -8.95 BBB+ Baa1 269.06 12.45 GEI-T GIBSON ENERGY INC 8.11 3.13 5.48 -6.64 BBB- N-A 96.51 10.23 TRP-T TC ENERGY CORP 8.11 6.49 3.36 -11.93 BBB+ Baa3 560.84 6.90 TCL-A-T TRANSCONTINENTAL INC-CL A 7.99 1.63 0.00 -26.38 BBB- N-A 55.33 8.46 BCE-T BCE INC 7.55 5.09 5.16 -6.28 BBB+ Baa2 123.50 16.24 AQN-T ALGONQUIN POWER & UTILITIES 7.51 1.48 -25.07 -43.76 BBB N-A N-A 38.21 SPB-T SUPERIOR PLUS CORP 7.15 0.00 0.00 6.86 BB- N-A N-A 113.80 BNS-T BANK OF NOVA SCOTIA 7.10 4.97 2.96 -2.57 A+ N-A 50.41 8.75 CM-T CAN IMPERIAL BK OF COMMERCE 6.80 5.28 5.20 -8.75 A+ N-A 48.83 8.76 LB-T LAURENTIAN BANK OF CANADA 6.78 -6.04 4.49 -0.77 BBB N-A 35.90 5.79 PPL-T PEMBINA PIPELINE CORP 6.77 3.70 4.85 -3.58 BBB N-A 49.53 11.83 IGM-T IGM FINANCIAL INC 6.75 0.00 0.00 -1.34 A N-A 62.69 10.31 CRT-UN-T CT REAL ESTATE INVESTMENT TR 6.72 3.95 3.44 -3.68 BBB N-A 135.11 29.33 FCR-UN-T FIRST CAPITAL REAL ESTATE IN 6.64 0.09 84.62 -9.24 BBB- N-A N-A 47.52 CPX-T CAPITAL POWER CORP 6.52 6.74 5.96 -10.45 BBB- N-A 265.66 7.21 KEY-T KEYERA CORP 6.44 2.89 2.08 15.30 BBB N-A 129.66 16.45 T-T TELUS CORP 6.43 6.77 7.31 -13.18 BBB Baa2 117.19 19.00 BEP-UN-T BROOKFIELD RENEWABLE PARTNER 6.29 1.72 11.63 -28.45 BBB+ N-A N-A N-A POW-T POWER CORP OF CANADA 6.12 6.93 4.55 13.41 A+ N-A 69.41 10.41 CU-T CANADIAN UTILITIES LTD-A 6.11 3.09 0.99 -10.87 NR N-A 85.85 11.13 REI-UN-T RIOCAN REAL ESTATE INVST TR 6.09 -5.85 6.00 -0.80 BBB N-A 131.00 10.97 CHP-UN-T CHOICE PROPERTIES REIT 6.00 0.16 0.79 6.31 BBB N-A 71.93 7.77 MFC-T MANULIFE FINANCIAL CORP 5.93 10.50 7.95 16.94 A N-A 35.73 8.72 EMA-T EMERA INC 5.83 4.08 4.15 -6.96 BBB Baa3 75.03 10.86 SES-T SECURE ENERGY SERVICES INC 5.60 8.38 N-A 16.40 B B1 20.61 11.14 ACO-X-T ATCO LTD -CLASS I 5.53 5.32 3.01 -12.07 NR N-A 56.88 8.79 NPI-T NORTHLAND POWER INC 5.52 0.34 0.00 -43.45 BBB N-A 34.85 13.24 GWO-T GREAT-WEST LIFECO INC 5.48 5.97 4.59 30.49 A+ N-A 56.73 6.17 BIP-UN-T BROOKFIELD INFRASTRUCTURE PA 5.39 5.28 12.39 -17.72 BBB+ N-A 653.13 N-A BMO-T BANK OF MONTREAL 5.31 8.99 11.94 -4.31 A+ N-A 27.31 10.78 CIX-T CI FINANCIAL CORP 5.30 0.00 0.00 19.54 NR Baa2 45.83 6.40 CCA-T COGECO COMMUNICATIONS INC 5.14 10.31 10.07 -11.01 BB N-A 30.80 6.20 POU-T PARAMOUNT RESOURCES LTD -A 5.04 N-A 169.02 12.20 BB- Ba3 23.57 6.81 CTC-A-T CANADIAN TIRE CORP-CLASS A 4.89 15.21 25.93 -2.96 BBB N-A 35.45 9.76 TD-T TORONTO-DOMINION BANK 4.84 8.62 7.87 -0.27 AA- N-A 37.52 9.39 SU-T SUNCOR ENERGY INC 4.75 8.24 16.85 1.88 BBB Baa1 28.73 8.59 RY-T ROYAL BANK OF CANADA 4.69 7.33 10.71 -3.82 AA- N-A 44.68 11.11 NA-T NATIONAL BANK OF CANADA 4.62 10.28 11.17 5.09 A N-A 36.83 9.49 SLF-T SUN LIFE FINANCIAL INC 4.58 9.59 8.89 21.84 A+ N-A 52.85 11.40 GRT-UN-T GRANITE REAL ESTATE INVESTME 4.44 3.32 3.26 14.84 N-A (P)Baa2 129.76 11.67 FTS-T FORTIS INC 4.43 5.86 5.61 8.93 A- Baa3 79.32 17.73 RUS-T RUSSEL METALS INC 4.42 0.52 2.63 47.51 BB+ Ba1 25.71 7.34 CNQ-T CANADIAN NATURAL RESOURCES 4.34 22.63 -18.16 16.99 BBB- Baa1 47.74 12.45 ALA-T ALTAGAS LTD 4.31 -12.73 4.25 3.62 BBB- N-A 74.69 18.08 TVE-T TAMARACK VALLEY ENERGY LTD 4.21 N-A 80.98 -14.48 B N-A 1.67 10.82 RCI-B-T ROGERS COMMUNICATIONS INC-B 3.84 0.82 0.00 4.11 BBB- Baa3 60.12 12.93 AEM-T AGNICO EAGLE MINES LTD 3.61 30.76 9.32 1.17 NR Baa2 108.24 21.98 IAG-T IA FINANCIAL CORP INC 3.59 13.12 12.94 17.60 A N-A 33.90 7.32 GSY-T GOEASY LTD 3.57 34.69 11.80 0.99 BB- Ba3 44.60 9.18 NTR-T NUTRIEN LTD 3.55 12.19 13.20 -29.39 BBB Baa2 13.50 7.16 PKI-T PARKLAND CORP 3.49 2.90 3.46 34.03 BB N-A 70.14 32.92 MG-T MAGNA INTERNATIONAL INC 3.47 8.64 8.25 5.89 A- A3 86.82 11.01 H-T HYDRO ONE LTD 3.41 5.06 5.51 9.55 A- N-A 63.05 20.22 QSR-T RESTAURANT BRANDS INTERN 3.35 7.91 6.16 23.73 BB N-A 65.79 27.47 OTEX-T OPEN TEXT CORP 2.82 12.48 13.91 32.04 BB+ Ba2 170.56 28.15 ABX-T BARRICK GOLD CORP 2.75 31.68 -34.99 -8.72 BBB+ A3 266.47 20.75 K-T KINROSS GOLD CORP 2.66 N-A 6.10 17.04 BBB- Baa3 494.10 11.15 SAP-T SAPUTO INC 2.62 2.37 0.69 -4.68 N-A Baa1 48.46 17.25 IMO-T IMPERIAL OIL LTD 2.57 21.85 45.74 21.06 AA- N-A 12.70 8.65 FTT-T FINNING INTERNATIONAL INC 2.55 4.50 5.42 57.04 BBB+ N-A 29.04 10.41 VET-T VERMILION ENERGY INC 2.23 -32.29 90.00 -42.77 B+ B1 3.49 2.12 IFC-T INTACT FINANCIAL CORP 2.21 9.43 9.97 2.43 N-A Baa1 29.71 17.12 CNR-T CANADIAN NATL RAILWAY CO 2.16 11.78 10.31 -3.37 A- A2 39.30 18.72 CVE-T CENOVUS ENERGY INC 2.13 24.74 115.71 5.16 BBB- Baa2 3.40 15.17 YRI-T YAMANA GOLD INC 2.06 25.81 -47.49 N-A BBB- Baa3 N-A N-A EFN-T ELEMENT FLEET MANAGEMENT COR 2.03 5.92 29.03 18.86 BBB N-A 34.50 19.31 CCL-B-T CCL INDUSTRIES INC - CL B 1.88 15.43 11.29 -11.19 BBB Baa2 27.35 15.98 TA-T TRANSALTA CORP 1.86 6.58 10.00 3.01 BB+ Ba1 372.63 12.91 MX-T METHANEX CORP 1.76 -10.27 31.98 21.85 BB Ba1 3.43 13.57 WFG-T WEST FRASER TIMBER CO LTD 1.73 21.58 19.04 -2.74 BBB- Baa3 5.22 77.63 MRU-T METRO INC/CN 1.69 10.98 10.00 7.23 BBB N-A 31.19 16.86 RBA-T RB GLOBAL INC 1.67 27.16 125.51 7.21 BB+ Ba2 36.04 32.25 TRI-T THOMSON REUTERS CORP 1.56 5.53 15.00 19.69 BBB Baa2 62.05 29.31 L-T LOBLAW COMPANIES LTD 1.52 8.54 10.52 11.31 BBB N-A 27.08 18.76 FFH-T FAIRFAX FINANCIAL HLDGS LTD 1.16 1.67 7.92 80.50 BBB Baa2 21.45 9.00 BN-T BROOKFIELD CORP 0.92 -1.24 -32.61 -11.50 A- A3 46.05 27.02 TECK-B-T TECK RESOURCES LTD-CLS B 0.91 10.76 8.11 26.02 BBB- Baa3 6.44 9.26 ATD-T ALIMENTATION COUCHE-TARD INC 0.78 24.13 27.27 27.23 BBB+ Baa1 17.28 17.37 CP-T CANADIAN PACIFIC KANSAS CITY 0.76 9.40 0.00 4.81 BBB+ N-A 17.00 25.90 WCN-T WASTE CONNECTIONS INC 0.74 13.78 17.06 1.00 BBB+ Baa1 29.08 39.37 FM-T FIRST QUANTUM MINERALS LTD 0.54 83.84 27.27 25.05 B+ N-A 11.02 34.47 HBM-T HUDBAY MINERALS INC 0.33 0.00 0.00 3.20 B B1 7.44 N-A DOL-T DOLLARAMA INC 0.30 11.31 23.82 15.94 BBB N-A 7.97 30.47 ATRL-T SNC-LAVALIN GROUP INC 0.19 -41.16 0.00 85.17 BB+ N-A 84.40 51.72 GFL-T GFL ENVIRONMENTAL INC-SUB VT 0.16 N-A 15.69 21.68 B+ B1 N-A N-A
Source: Bloomberg
Scott Barlow