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 Friday 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 10.15 2.84 2.88 -26.29 N-A Baa3 142.41 N-A TCL-A-T TRANSCONTINENTAL INC-CL A 8.17 1.63 0.00 -21.96 BBB- N-A 55.33 8.28 ENB-T ENBRIDGE INC 7.67 6.07 3.15 -8.61 BBB+ Baa1 269.06 15.64 GEI-T GIBSON ENERGY INC 7.47 3.13 5.48 -5.66 BBB- N-A 96.51 13.68 AQN-T ALGONQUIN POWER & UTILITIES 7.46 1.48 -25.07 -43.40 BBB N-A N-A 38.62 TRP-T TC ENERGY CORP 7.45 6.49 3.36 -10.74 BBB+ Baa3 560.84 7.50 LB-T LAURENTIAN BANK OF CANADA 7.17 -6.04 4.49 -8.67 BBB N-A 35.90 5.47 BNS-T BANK OF NOVA SCOTIA 7.17 4.97 2.96 -4.19 A+ N-A 50.41 8.68 SPB-T SUPERIOR PLUS CORP 7.15 0.00 0.00 4.69 BB- N-A N-A 113.80 BCE-T BCE INC 7.10 5.09 5.16 -5.85 BBB+ Baa2 123.50 16.90 CM-T CAN IMPERIAL BK OF COMMERCE 6.72 5.28 5.20 -11.66 A+ N-A 48.83 8.88 IGM-T IGM FINANCIAL INC 6.60 0.00 0.00 -3.91 A N-A 62.69 10.62 CRT-UN-T CT REAL ESTATE INVESTMENT TR 6.49 3.94 3.44 -5.19 BBB N-A 135.11 30.38 CPX-T CAPITAL POWER CORP 6.31 6.74 5.96 -3.64 BBB- N-A 265.66 6.12 T-T TELUS CORP 6.20 6.77 7.31 -10.69 BBB Baa2 117.19 24.32 CCA-T COGECO COMMUNICATIONS INC 6.15 10.31 10.07 -16.90 BB N-A N-A 5.86 KEY-T KEYERA CORP 6.08 2.77 2.08 19.24 BBB N-A 129.66 17.42 PPL-T PEMBINA PIPELINE CORP 6.07 3.60 4.54 1.30 BBB N-A 49.53 18.14 FCR-UN-T FIRST CAPITAL REAL ESTATE IN 6.02 0.09 71.43 -4.26 BBB- N-A N-A 30.76 POW-T POWER CORP OF CANADA 6.01 6.93 4.55 12.34 A+ N-A 69.41 10.60 EMA-T EMERA INC 5.92 4.08 4.11 2.64 BBB Baa3 75.03 11.12 REI-UN-T RIOCAN REAL ESTATE INVST TR 5.89 -5.79 5.97 -1.77 BBB N-A 131.00 11.20 BEP-UN-T BROOKFIELD RENEWABLE PARTNER 5.85 1.72 11.63 -17.76 BBB+ N-A N-A N-A CIX-T CI FINANCIAL CORP 5.75 0.00 0.00 7.69 NR Baa2 45.83 5.90 MFC-T MANULIFE FINANCIAL CORP 5.73 10.50 7.95 19.36 A N-A 35.73 9.03 BIP-UN-T BROOKFIELD INFRASTRUCTURE PA 5.65 5.28 12.39 -20.87 BBB+ N-A 653.13 154.42 CHP-UN-T CHOICE PROPERTIES REIT 5.59 0.18 0.90 6.72 BBB N-A 71.93 8.33 NPI-T NORTHLAND POWER INC 5.37 0.17 0.00 -40.88 BBB N-A 34.85 13.61 BMO-T BANK OF MONTREAL 5.37 8.94 6.62 -9.41 A+ N-A 27.31 10.65 GWO-T GREAT-WEST LIFECO INC 5.18 5.97 4.59 41.15 A+ N-A 56.73 6.52 SES-T SECURE ENERGY SERVICES INC 5.04 8.28 N-A 11.61 B B1 20.61 12.92 POU-T PARAMOUNT RESOURCES LTD -A 4.77 N-A 150.00 6.38 BB- Ba3 23.57 8.64 CTC-A-T CANADIAN TIRE CORP-CLASS A 4.76 13.90 17.95 -0.70 BBB N-A 35.45 10.02 TD-T TORONTO-DOMINION BANK 4.74 8.03 7.87 -3.53 AA- N-A 37.52 9.58 GRT-UN-T GRANITE REAL ESTATE INVESTME 4.71 3.30 3.26 -0.97 N-A (P)Baa2 129.76 11.01 RY-T ROYAL BANK OF CANADA 4.65 7.21 7.66 -4.91 AA- N-A 44.68 11.21 NA-T NATIONAL BANK OF CANADA 4.60 10.28 11.17 -1.36 A N-A 36.83 9.52 SLF-T SUN LIFE FINANCIAL INC 4.57 9.59 8.89 14.63 A+ N-A 52.85 11.44 SU-T SUNCOR ENERGY INC 4.51 8.24 16.85 -0.73 BBB Baa1 28.73 9.04 CNQ-T CANADIAN NATURAL RESOURCES 4.37 22.63 -18.16 16.33 BBB- Baa1 47.74 14.49 RUS-T RUSSEL METALS INC 4.34 0.52 2.63 31.59 BB+ Ba1 25.71 7.48 FTS-T FORTIS INC 4.15 5.86 5.61 10.98 A- Baa3 79.32 18.12 ALA-T ALTAGAS LTD 4.10 -12.79 4.25 21.37 BBB- N-A 74.69 16.09 BN-T BROOKFIELD CORP 3.84 -1.24 -32.61 3.81 A- A3 46.05 29.98 NTR-T NUTRIEN LTD 3.76 12.19 13.20 -19.73 BBB Baa2 13.50 9.54 IAG-T IA FINANCIAL CORP INC 3.61 13.12 12.94 14.25 A N-A 33.90 7.28 RCI-B-T ROGERS COMMUNICATIONS INC-B 3.59 0.82 0.00 1.83 BBB- Baa3 60.12 13.86 TVE-T TAMARACK VALLEY ENERGY LTD 3.54 N-A 63.93 -17.82 B N-A 1.67 17.36 MG-T MAGNA INTERNATIONAL INC 3.43 8.64 8.25 -0.95 A- A3 86.82 10.71 QSR-T RESTAURANT BRANDS INTERN 3.24 7.91 6.16 16.96 BB N-A 65.79 25.70 AEM-T AGNICO EAGLE MINES LTD 3.23 30.76 9.32 19.37 NR Baa2 108.24 25.72 PKI-T PARKLAND CORP 3.23 2.88 3.46 69.72 BB N-A 70.14 13.78 GSY-T GOEASY LTD 3.20 34.69 11.80 13.31 BB- Ba3 44.60 10.25 H-T HYDRO ONE LTD 3.17 5.06 5.51 14.06 A- N-A 63.05 21.76 OTEX-T OPEN TEXT CORP 2.75 12.48 13.91 41.17 BB+ Ba2 170.56 18.30 FTT-T FINNING INTERNATIONAL INC 2.58 4.50 5.42 36.35 BBB+ N-A 29.04 10.29 SAP-T SAPUTO INC 2.56 2.37 0.69 -10.31 N-A Baa1 48.46 17.65 IMO-T IMPERIAL OIL LTD 2.55 21.85 45.74 4.53 AA- N-A 12.70 8.86 ABX-T BARRICK GOLD CORP 2.42 31.68 -34.99 21.13 BBB+ A3 266.47 20.06 IFC-T INTACT FINANCIAL CORP 2.21 9.43 9.97 -2.12 N-A Baa1 29.71 17.09 CVE-T CENOVUS ENERGY INC 2.14 24.74 115.71 -6.01 BBB- Baa2 3.40 12.02 K-T KINROSS GOLD CORP 2.14 N-A 6.10 49.09 BBB- Baa3 494.10 13.89 CNR-T CANADIAN NATL RAILWAY CO 2.08 11.78 10.31 -3.66 A- A2 39.30 20.59 VET-T VERMILION ENERGY INC 2.08 -32.37 90.00 -39.96 B+ B1 3.49 2.86 YRI-T YAMANA GOLD INC 2.06 9.45 -73.84 N-A BBB- Baa3 N-A N-A TA-T TRANSALTA CORP 2.04 6.58 10.00 -5.16 BB+ Ba1 372.63 11.75 EFN-T ELEMENT FLEET MANAGEMENT COR 2.02 5.92 29.03 10.45 BBB N-A 34.50 19.44 CCL-B-T CCL INDUSTRIES INC - CL B 1.91 15.43 11.29 -8.73 BBB Baa2 27.35 15.78 MX-T METHANEX CORP 1.68 -10.27 31.98 17.81 BB Ba1 3.43 16.88 MRU-T METRO INC/CN 1.65 10.94 10.00 3.28 BBB N-A 31.19 17.23 WFG-T WEST FRASER TIMBER CO LTD 1.60 21.58 19.04 -1.75 BBB- Baa3 5.22 244.24 RBA-T RB GLOBAL INC 1.57 27.16 125.51 15.04 BB+ Ba2 36.04 34.47 TRI-T THOMSON REUTERS CORP 1.54 5.53 15.00 24.81 BBB Baa2 62.05 26.96 L-T LOBLAW COMPANIES LTD 1.49 8.54 10.52 7.96 BBB N-A 27.08 19.16 FFH-T FAIRFAX FINANCIAL HLDGS LTD 1.10 1.67 7.92 79.74 BBB Baa2 21.45 7.11 TECK-B-T TECK RESOURCES LTD-CLS B 0.98 10.76 8.11 13.85 BBB- Baa3 6.44 10.16 FM-T FIRST QUANTUM MINERALS LTD 0.92 83.84 27.27 -40.04 B+ N-A 11.02 13.61 WCN-T WASTE CONNECTIONS INC 0.85 13.78 17.06 -0.30 BBB+ Baa1 29.08 37.95 CP-T CANADIAN PACIFIC KANSAS CITY 0.75 9.40 0.00 0.02 BBB+ N-A 17.00 27.59 ATD-T ALIMENTATION COUCHE-TARD INC 0.73 24.13 27.27 25.64 BBB+ Baa1 17.28 18.61 HBM-T HUDBAY MINERALS INC 0.31 0.00 0.00 -6.33 B B1 7.44 N-A DOL-T DOLLARAMA INC 0.30 11.31 23.82 21.22 BBB N-A 7.97 30.96 ATRL-T SNC-LAVALIN GROUP INC 0.20 -41.16 0.00 70.87 BB+ N-A 84.40 48.20 GFL-T GFL ENVIRONMENTAL INC-SUB VT 0.17 N-A 11.76 21.60 B+ B1 N-A N-A
Source: Bloomberg
Scott Barlow