The highest yielding stocks on the TSX, plus risk data

14 Sep 2020, 15:02 by Scott Barlow

The table below ranks all S&P/TSX companies by indicated dividend yield as reported by Bloomberg. Yield-paying index stocks where no credit rating is available from either rating agency 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.

Data as of Monday 10:50 a.m. ET.

		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
BPY-UN-T	BROOKFIELD PROPERTY PARTNERS	12.32	6.58	2.27	-41.73	BBB	N-A	74.87	N-A
REI-UN-T	RIOCAN REAL ESTATE INVST TR	9.85	0.42	0.00	-39.41	BBB	N-A	57.29	N-A
KEY-T	KEYERA CORP	8.89	7.38	6.08	-30.11	BBB-	N-A	89.46	9.63
RUS-T	RUSSEL METALS INC	8.37	0.00	0.00	-9.15	BB	N-A	123.37	39.64
PPL-T	PEMBINA PIPELINE CORP	8.07	6.98	6.90	-32.21	BBB	N-A	89.13	12.05
CJR-B-T	CORUS ENTERTAINMENT INC-B SH	8.03	-26.56	0.00	-40.83	BB	N-A	32.60	4.16
ENB-T	ENBRIDGE INC	7.89	12.67	9.81	-5.31	BBB+	N-A	111.80	16.97
CNQ-T	CANADIAN NATURAL RESOURCES	7.27	11.83	9.59	-25.92	BBB	N-A	34.08	71.31
CPX-T	CAPITAL POWER CORP	7.18	7.14	7.26	1.43	BBB-	N-A	250.00	8.59
IGM-T	IGM FINANCIAL INC	7.03	0.22	0.00	-9.72	A	N-A	72.05	10.20
POW-T	POWER CORP OF CANADA	6.83	7.23	8.32	-4.70	A+	N-A	79.05	8.05
GWO-T	GREAT-WEST LIFECO INC	6.63	6.08	6.08	-8.66	A+	N-A	66.25	N-A
BNS-T	BANK OF NOVA SCOTIA	6.48	6.08	4.65	-21.64	A+	N-A	51.90	10.07
FCR-UN-T	FIRST CAPITAL REAL ESTATE IN	6.16	0.00	0.00	-32.25	BBB-	Baa3	36.86	9.68
MIC-T	GENWORTH MI CANADA INC	6.12	38.19	311.07	-17.73	BBB+	N-A	126.89	7.24
BCE-T	BCE INC	5.95	5.08	5.03	-6.87	BBB+	N-A	93.93	16.88
SPB-T	SUPERIOR PLUS CORP	5.89	0.57	0.00	6.63	BB-	N-A	88.29	30.26
ALA-T	ALTAGAS LTD	5.82	-12.01	-24.26	-8.50	BBB-	N-A	34.93	N-A
CHP-UN-T	CHOICE PROPERTIES REIT	5.80	2.63	0.00	-4.11	BBB	N-A	N-A	12.99
GEI-T	GIBSON ENERGY INC	5.80	1.56	1.52	6.50	BBB-	N-A	N-A	19.11
MFC-T	MANULIFE FINANCIAL CORP	5.77	10.89	9.00	-15.35	A	N-A	36.19	9.95
CRT-UN-T	CT REAL ESTATE INVESTMENT TR	5.71	3.44	4.17	4.48	BBB	N-A	123.28	37.79
CM-T	CAN IMPERIAL BK OF COMMERCE	5.66	6.77	5.07	0.61	A+	N-A	49.91	10.86
LB-T	LAURENTIAN BANK OF CANADA	5.49	2.13	-7.69	-30.80	BBB	N-A	69.32	9.89
TCL-A-T	TRANSCONTINENTAL INC-CL A	5.39	6.16	3.49	11.62	BBB-	N-A	46.25	N-A
CU-T	CANADIAN UTILITIES LTD-A	5.38	8.45	4.06	-11.21	A-	N-A	52.15	18.61
TRP-T	TC ENERGY CORP	5.36	9.30	8.33	-3.85	BBB+	N-A	70.27	13.82
BMO-T	BANK OF MONTREAL	5.22	5.64	5.51	-11.43	A+	N-A	46.76	10.80
TD-T	TORONTO-DOMINION BANK	4.97	9.32	8.51	-11.39	AA-	N-A	46.09	12.06
ITP-T	INTERTAPE POLYMER GROUP INC	4.94	N-A	5.97	-5.37	BB-	Ba3	82.47	11.92
T-T	TELUS CORP	4.85	7.28	5.19	4.06	BBB+	N-A	77.78	18.30
SJR-B-T	SHAW COMMUNICATIONS INC-B	4.79	0.61	0.00	-2.14	BBB-	Baa2	83.87	19.00
SU-T	SUNCOR ENERGY INC	4.68	2.92	-19.44	-53.68	BBB+	Baa1	90.35	N-A
IMO-T	IMPERIAL OIL LTD	4.68	10.67	7.32	-44.89	AA	N-A	29.36	N-A
EMA-T	EMERA INC	4.52	9.24	4.26	0.52	BBB	N-A	85.22	23.26
NTR-T	NUTRIEN LTD	4.47	N-A	8.39	-19.11	N-A	Baa2	103.31	24.55
RY-T	ROYAL BANK OF CANADA	4.42	6.98	6.50	-2.93	AA-	N-A	46.38	N-A
ACO-X-T	ATCO LTD -CLASS I	4.39	12.30	7.50	-12.68	A-	N-A	36.19	9.21
AQN-T	ALGONQUIN POWER & UTILITIES	4.38	12.81	12.04	10.07	BBB	N-A	53.18	20.79
AP-UN-T	ALLIED PROPERTIES REAL ESTAT	4.35	2.44	2.84	-24.16	N-A	N-A	28.65	24.55
IAG-T	IA FINANCIAL CORP INC	4.20	10.81	10.12	-19.26	A	N-A	27.37	N-A
BIP-UN-T	BROOKFIELD INFRASTRUCTURE PA	4.17	9.51	2.18	11.63	BBB+	N-A	1103.95	N-A
FTT-T	FINNING INTERNATIONAL INC	4.11	2.64	1.23	-11.38	BBB+	N-A	55.38	13.56
CIX-T	CI FINANCIAL CORP	4.03	-10.73	0.00	-3.48	BBB	N-A	31.71	N-A
SLF-T	SUN LIFE FINANCIAL INC	3.96	8.25	7.32	-1.38	A+	N-A	47.21	14.34
NA-T	NATIONAL BANK OF CANADA	3.90	7.04	8.08	18.25	A	N-A	41.68	12.02
BEP-UN-T	BROOKFIELD RENEWABLE PARTNER	3.88	6.19	0.61	57.84	BBB+	N-A	N-A	N-A
GRT-UN-T	GRANITE REAL ESTATE INVESTME	3.84	4.79	-6.53	25.50	N-A	N-A	N-A	N-A
H-T	HYDRO ONE LTD	3.71	N-A	5.01	17.43	N-A	N-A	73.26	8.53
RCI-B-T	ROGERS COMMUNICATIONS INC-B	3.71	N-A	1.01	-17.30	BBB+	N-A	50.02	15.36
QSR-T	RESTAURANT BRANDS INTERN	3.69	47.23	8.49	-20.32	BB	N-A	83.36	19.74
PKI-T	PARKLAND CORP	3.63	2.40	1.72	-21.29	BB	Ba2	42.75	17.11
IPL-T	INTER PIPELINE LTD	3.60	-3.62	-29.77	-42.26	BBB-	N-A	131.06	16.85
FTS-T	FORTIS INC	3.59	7.35	6.11	-0.59	N-A	N-A	49.61	N-A
BEI-UN-T	BOARDWALK REAL ESTATE INVEST	3.50	-21.88	0.00	-32.32	N-A	N-A	133.58	N-A
FFH-T	FAIRFAX FINANCIAL HLDGS LTD	3.38	1.71	-1.93	-33.80	BBB-	Baa3	13.74	193.52
CTC-A-T	CANADIAN TIRE CORP-CLASS A	3.37	16.48	10.90	-0.89	BBB	N-A	33.74	16.52
NPI-T	NORTHLAND POWER INC	3.35	2.13	0.00	53.96	BBB	N-A	70.02	18.53
MG-T	MAGNA INTERNATIONAL INC	3.29	14.69	10.74	-7.47	A-	N-A	N-A	N-A
INE-T	INNERGEX RENEWABLE ENERGY	3.28	3.08	2.90	50.77	BBB-	N-A	N-A	N-A
OSB-T	NORBORD INC	2.78	-8.97	-58.33	36.76	BB	Ba1	N-A	871.39
IFC-T	INTACT FINANCIAL CORP	2.38	9.44	9.06	9.27	N-A	Baa1	60.51	25.65
CAS-T	CASCADES INC	2.22	14.87	60.00	21.58	BB-	N-A	32.69	9.44
WN-T	WESTON (GEORGE) LTD	2.19	4.44	0.96	-10.83	BBB	N-A	162.12	18.39
SAP-T	SAPUTO INC	2.16	5.31	2.26	-17.43	N-A	N-A	46.28	20.41
TA-T	TRANSALTA CORP	2.12	-25.30	4.69	-4.84	N-A	Ba1	65.31	N-A
CCA-T	COGECO COMMUNICATIONS INC	2.07	10.63	10.48	8.30	BB+	N-A	30.49	15.17
TRI-T	THOMSON REUTERS CORP	1.97	2.26	-76.21	16.83	BBB	Baa2	48.58	100.96
LUN-T	LUNDIN MINING CORP	1.92	N-A	25.00	24.28	NR	N-A	0.00	97.23
L-T	LOBLAW COMPANIES LTD	1.85	4.94	3.28	-4.14	BBB	N-A	42.38	22.03
EFN-T	ELEMENT FLEET MANAGEMENT COR	1.70	N-A	-14.29	0.39	BBB	N-A	N-A	N-A
PRMW-T	PRIMO WATER CORP	1.66	1.52	0.26	7.84	B	B1	N-A	N-A
CNR-T	CANADIAN NATL RAILWAY CO	1.65	N-A	9.43	16.30	A	N-A	36.62	24.88
OTEX-T	OPEN TEXT CORP	1.62	15.00	7.53	5.60	BB+	Ba1	80.76	37.07
RBA-T	RITCHIE BROS AUCTIONEERS	1.54	8.70	11.09	52.26	BB+	Ba2	55.38	41.68
MRU-T	METRO INC/CN	1.49	14.22	12.18	6.87	BBB	N-A	27.94	19.71
CCL-B-T	CCL INDUSTRIES INC - CL B	1.48	19.69	9.38	-13.53	BBB	Baa2	25.37	18.30
BAM-A-T	BROOKFIELD ASSET MANAGE-CL A	1.44	10.48	11.73	-6.54	A-	Baa1	27.02	30.97
HSE-T	HUSKY ENERGY INC	1.36	-25.20	-45.00	-58.53	BBB	Baa2	N-A	N-A
TECK-B-T	TECK RESOURCES LTD-CLS B	1.17	-19.73	-33.33	-31.79	BBB-	Baa3	N-A	N-A
WFT-T	WEST FRASER TIMBER CO LTD	1.13	23.36	0.00	38.41	BBB-	Baa3	N-A	N-A
YRI-T	YAMANA GOLD INC	1.12	-7.29	145.81	93.44	BB+	Baa3	N-A	N-A
ABX-T	BARRICK GOLD CORP	1.06	11.75	48.89	75.99	BBB	Baa2	8.86	N-A
CP-T	CANADIAN PACIFIC RAILWAY LTD	0.95	18.85	19.42	32.64	BBB+	N-A	17.79	22.33
WCN-T	WASTE CONNECTIONS INC	0.74	2.45	17.76	14.19	BBB+	Baa2	30.95	44.25
MX-T	METHANEX CORP	0.66	2.75	-18.13	-35.65	BB	Ba1	122.91	N-A
ATD-B-T	ALIMENTATION COUCHE-TARD -B	0.63	22.20	14.74	8.18	BBB	Baa2	12.48	15.45
CCO-T	CAMECO CORP	0.54	-27.52	0.00	15.84	BBB-	N-A	42.72	104.79
DOL-T	DOLLARAMA INC	0.36	9.20	4.76	4.16	BBB	N-A	9.80	28.56
SNC-T	SNC-LAVALIN GROUP INC	0.35	-39.54	-84.22	10.09	BB+	N-A	N-A	26.23
HBM-T	HUDBAY MINERALS INC	0.33	0.00	0.00	14.32	B	N-A	N-A	16.95
FM-T	FIRST QUANTUM MINERALS LTD	0.08	-34.30	0.00	12.94	CCC+	Caa2	N-A	N-A

Source: Bloomberg

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