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 is helpful and credible, but recognize it is not sufficient grounds for actual market transactions on its own.
Investors should verify the data provided and investigate all cases where “NAs” 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 due to differences in time frame used or method of calculation for after tax income.
Data is 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 ENB-T ENBRIDGE INC 6.49 10.04 4.64 37.76 BBB+ Baa1 219.40 21.77 PPL-T PEMBINA PIPELINE CORP 6.30 6.09 1.20 45.19 BBB N-A N-A 18.83 KEY-T KEYERA CORP 6.09 4.85 0.00 56.39 BBB- N-A 682.71 23.79 GEI-T GIBSON ENERGY INC 6.07 1.19 2.96 8.98 BBB- Ba2 163.77 35.34 TRP-T TC ENERGY CORP 5.69 9.08 7.55 12.89 BBB+ Baa2 68.32 13.93 BCE-T BCE INC 5.49 5.09 5.09 20.53 BBB+ Baa2 132.54 19.97 SPB-T SUPERIOR PLUS CORP 5.29 0.00 0.00 16.14 BB- N-A 168.31 N-A CPX-T CAPITAL POWER CORP 5.20 7.02 6.79 50.18 BBB- N-A 250.00 25.70 IGM-T IGM FINANCIAL INC 5.11 0.00 0.00 49.36 A N-A 70.14 12.82 CU-T CANADIAN UTILITIES LTD-A 5.10 6.68 1.50 9.72 A- N-A 131.95 22.14 CHP-UN-T CHOICE PROPERTIES REIT 5.02 1.86 0.00 21.19 BBB N-A 116.18 N-A CRT-UN-T CT REAL ESTATE INVESTMENT TR 4.82 3.78 3.84 28.46 BBB N-A 216.91 36.75 AQN-T ALGONQUIN POWER & UTILITIES 4.73 8.85 2.28 -7.22 BBB N-A 44.49 26.05 RUS-T RUSSEL METALS INC 4.73 0.00 0.00 78.13 BB Ba2 385.71 10.62 BNS-T BANK OF NOVA SCOTIA 4.63 4.56 0.00 43.60 A+ N-A 66.29 10.77 MFC-T MANULIFE FINANCIAL CORP 4.57 9.09 2.75 32.01 A N-A 38.05 6.61 T-T TELUS CORP 4.55 6.87 7.71 19.50 BBB+ Baa1 125.93 26.46 GWO-T GREAT-WEST LIFECO INC 4.55 5.13 1.45 46.85 A+ N-A 55.23 10.78 TCL-A-T TRANSCONTINENTAL INC-CL A 4.52 4.42 0.56 26.02 BBB- N-A 59.19 9.93 REI-UN-T RIOCAN REAL ESTATE INVST TR 4.41 -5.19 -25.00 58.24 BBB N-A N-A 14.03 EMA-T EMERA INC 4.39 5.54 4.08 8.35 BBB Baa3 64.93 20.06 ACO/X-T ATCO LTD -CLASS I 4.35 10.06 4.08 8.95 A- N-A 79.02 55.59 POW-T POWER CORP OF CANADA 4.20 6.73 2.43 64.91 A+ N-A 58.13 10.19 CJR-B-T CORUS ENTERTAINMENT INC-B SH 4.14 -26.77 0.00 98.61 BB N-A N-A 6.17 AP-UN-T ALLIED PROPERTIES REAL ESTAT 4.13 2.48 3.13 17.53 N-A Baa2 41.02 19.81 CM-T CAN IMPERIAL BK OF COMMERCE 4.01 4.22 0.34 48.07 A+ N-A 70.67 10.56 ALA-T ALTAGAS LTD 4.00 -13.07 3.44 58.12 BBB- N-A 55.14 17.40 LB-T LAURENTIAN BANK OF CANADA 3.96 -7.48 -25.23 54.06 BBB N-A 90.17 8.86 CNQ-T CANADIAN NATURAL RESOURCES 3.85 14.81 11.21 115.74 BBB- Baa2 N-A 17.68 FTS-T FORTIS INC 3.78 6.13 5.76 5.27 A- Baa3 75.68 21.28 TD-T TORONTO-DOMINION BANK 3.70 7.91 1.61 41.59 AA- N-A 48.28 9.99 BIP-UN-T BROOKFIELD INFRASTRUCTURE PA 3.58 4.89 -5.92 17.92 BBB+ N-A 410.70 31.72 INE-T INNERGEX RENEWABLE ENERGY 3.53 2.54 0.70 -22.64 BB+ N-A N-A N-A H-T HYDRO ONE LTD 3.52 6.47 5.01 4.95 A- N-A 33.84 18.95 QSR-T RESTAURANT BRANDS INTERN 3.49 28.37 -3.95 1.21 BB N-A 129.25 26.25 PKI-T PARKLAND CORP 3.38 1.99 1.69 1.62 BB Ba2 224.39 27.46 RY-T ROYAL BANK OF CANADA 3.37 6.19 1.41 36.10 AA- N-A 54.74 12.04 BEP-UN-T BROOKFIELD RENEWABLE PARTNER 3.36 -0.47 -17.03 3.97 BBB+ N-A N-A N-A RCI-B-T ROGERS COMMUNICATIONS INC-B 3.35 0.82 0.00 12.56 BBB+ *- Baa1 *- 63.44 16.40 BMO-T BANK OF MONTREAL 3.26 4.76 0.71 64.84 A+ N-A 56.14 11.19 SLF-T SUN LIFE FINANCIAL INC 3.22 6.71 0.00 26.70 A+ WR (hyb) 53.54 12.67 SJR-B-T SHAW COMMUNICATIONS INC-B 3.21 -19.73 -66.67 61.01 BBB- Baa2 *- 89.88 20.42 GRT-UN-T GRANITE REAL ESTATE INVESTME 3.19 4.62 3.40 24.03 N-A (P)Baa2 38.32 54.63 NPI-T NORTHLAND POWER INC 3.09 2.13 0.00 -4.51 BBB N-A 62.34 48.62 CAS-T CASCADES INC 3.03 17.61 12.50 -1.09 BB- Ba2 15.50 11.18 ITP-T INTERTAPE POLYMER GROUP INC 3.03 2.87 0.34 84.53 BB- Ba2 48.69 15.00 SU-T SUNCOR ENERGY INC 2.99 -6.25 -35.63 69.65 BBB+ Baa1 N-A 20.05 YRI-T YAMANA GOLD INC 2.96 28.02 81.68 -32.69 BB+ Baa3 26.03 13.32 NA-T NATIONAL BANK OF CANADA 2.85 5.43 0.00 52.16 A N-A 49.55 11.73 FTT-T FINNING INTERNATIONAL INC 2.79 2.85 2.44 52.78 BBB+ N-A 57.01 18.32 CIX-T CI FINANCIAL CORP 2.77 -11.75 0.00 48.32 BBB Baa2 32.63 9.11 IAG-T IA FINANCIAL CORP INC 2.69 9.36 1.84 55.46 A N-A 33.99 N-A NTR-T NUTRIEN LTD 2.66 N-A -5.45 67.35 BBB Baa2 223.39 28.01 IMO-T IMPERIAL OIL LTD 2.63 11.06 11.36 154.65 AA- N-A N-A N-A AEM-T AGNICO EAGLE MINES LTD 2.60 31.42 70.08 -33.55 NR Baa2 44.72 18.31 CTC-A-T CANADIAN TIRE CORP-CLASS A 2.58 15.69 4.78 30.55 BBB N-A 9.52 9.36 FFH-T FAIRFAX FINANCIAL HLDGS LTD 2.46 -2.74 -2.99 28.79 BBB- Baa3 151.65 23.71 FCR-UN-T FIRST CAPITAL REAL ESTATE IN 2.43 -8.92 -37.33 39.29 BBB- Baa3 7017.98 7.99 SAP-T SAPUTO INC 2.27 4.90 2.92 -7.50 N-A Baa1 45.54 24.39 CCA-T COGECO COMMUNICATIONS INC 2.26 10.41 10.34 6.52 BB+ N-A 29.99 13.50 MG-T MAGNA INTERNATIONAL INC 2.20 10.89 1.35 50.74 A- A3 61.69 10.09 K-T KINROSS GOLD CORP 2.12 N-A 279.15 -36.58 BBB- Baa3 0.00 8.09 IFC-T INTACT FINANCIAL CORP 2.02 7.90 2.15 17.67 N-A Baa1 46.12 14.85 EFN-T ELEMENT FLEET MANAGEMENT COR 2.02 21.06 44.44 12.57 BBB N-A 35.79 17.64 ABX-T BARRICK GOLD CORP 1.92 49.88 121.63 -33.28 BBB Baa1 25.25 13.96 OTEX-T OPEN TEXT CORP 1.80 12.78 10.50 13.84 BB+ Ba1 68.16 43.08 WN-T WESTON (GEORGE) LTD 1.75 5.40 7.14 42.61 N-A N-A 35.47 19.19 CNR-T CANADIAN NATL RAILWAY CO 1.66 10.98 6.96 3.34 A A2 45.93 26.75 L-T LOBLAW COMPANIES LTD 1.63 6.08 8.73 33.43 BBB N-A 41.33 22.22 MRU-T METRO INC/CN 1.59 12.68 11.43 -1.09 BBB N-A 27.74 18.99 RBA-T RITCHIE BROS AUCTIONEERS 1.59 5.69 4.48 -2.49 BB+ *- Ba2 54.12 36.62 TRI-T THOMSON REUTERS CORP 1.52 0.37 -0.47 34.58 BBB Baa2 65.83 8.41 PRMW-T PRIMO WATER CORP 1.48 -0.86 -5.99 9.04 B B1 N-A 52.33 TA-T TRANSALTA CORP 1.44 -9.96 5.97 68.39 BB+ Ba1 N-A N-A GSY-T GOEASY LTD 1.41 38.61 46.39 171.75 BB- Ba3 17.51 15.14 CCL-B-T CCL INDUSTRIES INC - CL B 1.30 16.65 14.08 24.52 BBB Baa2 24.29 18.81 MX-T METHANEX CORP 1.04 -27.21 -72.30 68.34 BB Ba1 N-A 50.01 BAM-A-T BROOKFIELD ASSET MANAGE-CL A 0.94 7.31 2.48 52.10 A- Baa1 N-A 143.11 WFG-T WEST FRASER TIMBER CO LTD 0.93 26.30 12.50 72.94 BBB- Baa3 7.09 3.16 CP-T CANADIAN PACIFIC RAILWAY LTD 0.89 17.45 10.47 5.49 BBB+ N-A 19.60 17.95 ATD-B-T ALIMENTATION COUCHE-TARD -B 0.73 19.27 28.44 6.40 BBB Baa2 13.58 15.93 WCN-T WASTE CONNECTIONS INC 0.62 6.58 3.18 18.41 BBB+ Baa2 97.66 51.20 TECK-B-T TECK RESOURCES LTD-CLS B 0.62 14.87 0.00 79.13 BBB- Baa3 N-A 21.47 CVE-T CENOVUS ENERGY INC 0.50 -29.89 -70.00 150.54 BBB- N-A N-A 42.14 DOL-T DOLLARAMA INC 0.36 8.77 12.44 7.23 BBB N-A 9.85 28.84 HBM-T HUDBAY MINERALS INC 0.25 0.00 0.00 38.51 B B2 N-A N-A GFL-T GFL ENVIRONMENTAL INC-SUB VT 0.11 N-A 93.89 67.94 B+ B1 N-A N-A
Source: Bloomberg
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