Top 100 Canadian Dividend Stocks of 2019

CLICK HERE FOR OUR UPDATED 2020 DIVIDEND ALL-STARS RANKING

Overview Dividend All-Stars Top 100 Dividend Stocks Past Performance Methodology

How to use this table

We pack a plethora of information about the Dividend All-Stars into these tables.

We awarded grades based on hard data, starting with dividend yield. Stocks with generous yields get better grades. We also like stocks that have boosted their dividends over the last five years. Both of these important metrics are shown in separate columns.

Because we want to sleep soundly, we reward firms that earn more than they pay out in dividends. You can spot them using the dividends-to-earnings ratio. We also want to avoid stocks that have loaded up their balance sheets with debt. Companies with low debt-to-equity ratios compared to their peers get higher grades. Both ratios are displayed in separate columns along with one showing each company’s industry group.

We’re always on the hunt for bargains. That’s why we award higher grades to stocks trading at reasonable price-to-book-value and price-to-earnings ratios. Both are classic value ratios.

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All of these factors are combined to determine each stock’s grade. The very best get an A. Good candidates land a B while solid firms get a C. Stocks that lack these qualities take home a D or even an F. Remember, our grades are based purely on the numbers. Intangible and more qualitative considerations don’t enter into it.

We also include extra information in our tables for the curious. The market capitalization of each stock (shares outstanding times price per share) is a handy measure of a stock’s size. Value investors also like to consider price-to-cash flow ratios when searching for deals. We round out the tables with columns showing one- and five-year total returns, which indicate where a stock has been.

Use these tables as a starting point for your own investigations. Focus on the facts and figures that mean the most to you.

Top 100 Canadian Dividend Stocks

Name	Ticker	Industry Group	Market Cap ($M)	Price (Sept. 25, 2018)	Dividend Yield	Dividend Growth (5Yr Avg)	Price/Earnings	Dividends/Earnings	Debt/Equity	Price/Cash Flow	Price/Book	One-Year Total Return	Five-Year Total Return	Grade
Agnico Eagle Mines	AEM	Metals & Mining	$10,669	$45.55	1.3%	-8.4%	52.51	66%	35%	11.85	1.67	-21.7%	72.6%	D
Algonquin Power	AQN	Utilities	$6,403	$13.56	4.9%	13.5%	23.88	117%	95%	9.96	1.73	8.5%	158.2%	C
Alimentation Couche-Tard	ATD.B	Retail - Consumer Staples	$36,696	$64.99	0.6%	29.5%	16.19	10%	103%	12.01	3.61	9.8%	213.7%	D
AltaGas	ALA	Oil, Gas & Coal	$5,511	$20.71	10.6%	8.2%	63.35	670%	62%	6.33	1.00	-22.1%	-23.4%	C
ARC Resources	ARX	Oil, Gas & Coal	$5,054	$14.28	4.2%	-12.9%	37.58	158%	25%	6.72	1.41	-18.4%	-32.6%	D
ATCO	ACO.X	Utilities	$4,239	$36.93	4.1%	14.9%	31.03	127%	141%	10.16	1.19	-16.2%	-7.7%	C
Bank of Montreal	BMO	Banking	$68,696	$107.35	3.6%	5.0%	14.45	52%	254%	-	1.70	20.1%	91.4%	C
Bank of Nova Scotia	BNS	Banking	$94,979	$77.11	4.4%	6.6%	11.27	50%	171%	28.98	1.56	0.8%	59.2%	A
Barrick Gold	ABX	Metals & Mining	$16,942	$14.51	1.1%	-25.3%	-	-	58%	7.38	1.40	-28.7%	-20.8%	F
BCE	BCE	Telecom	$46,687	$51.99	5.8%	5.2%	17.22	100%	116%	6.28	2.85	-5.7%	50.8%	D
Brookfield Asset Management	BAM.A	Asset Management	$57,177	$57.62	1.4%	14.2%	16.06	22%	112%	9.47	1.75	16.7%	148.0%	C
BRP	DOO	Leisure Products	$6,954	$61.45	0.6%	-	25.39	15%	0%	9.32	-	37.4%	124.6%	D
CAE	CAE	Aerospace & Defense	$6,970	$26.02	1.5%	13.1%	19.86	31%	57%	17.87	3.11	26.6%	159.0%	D
Cameco	CCO	Metals & Mining	$5,027	$12.70	3.2%	-12.9%	-	-	31%	6.83	1.04	5.0%	-25.6%	D
Canadian National Railway	CNR	Transportation & Logistics	$83,673	$113.97	1.6%	16.4%	15.08	24%	68%	16.32	4.81	14.9%	140.7%	D
Canadian Natural Resources	CNQ	Oil, Gas & Coal	$51,981	$42.57	3.2%	21.7%	19.71	62%	66%	5.75	1.60	3.6%	51.8%	C
Canadian Pacific Railway	CP	Transportation & Logistics	$38,878	$272.69	1.0%	10.8%	17.31	17%	129%	16.62	5.91	32.2%	120.2%	D
Canadian Tire	CTC.A	Retail - Discretionary	$10,291	$153.91	2.3%	19.9%	14.97	35%	93%	10.95	2.31	4.1%	82.0%	D
Canadian Utilities	CU	Utilities	$8,436	$31.00	5.1%	10.1%	31.00	157%	158%	21.05	1.81	-15.1%	4.1%	C
CCL Industries	CCL.B	Containers & Packaging	$10,474	$58.92	0.9%	24.6%	20.11	18%	111%	13.91	4.33	0.2%	349.5%	D
Cenovus Energy	CVE	Oil, Gas & Coal	$14,904	$12.13	1.7%	-26.7%	-	-	53%	7.84	0.78	-3.5%	-55.5%	F
CI Financial	CIX	Asset Management	$5,390	$20.61	3.5%	-7.8%	9.28	32%	82%	9.04	3.09	-20.0%	-21.2%	D
CIBC	CM	Banking	$54,625	$123.23	4.4%	6.7%	10.73	47%	142%	4.18	1.70	17.2%	85.5%	A
Colliers International	CIGI	Real Estate	$3,997	$101.99	0.1%	-9.1%	45.53	6%	86%	15.07	9.45	66.7%	296.3%	D
Constellation Software	CSU	Software	$20,018	$944.61	0.6%	5.0%	58.36	32%	43%	26.92	23.21	40.4%	456.0%	D
Crescent Point Energy	CPG	Oil, Gas & Coal	$4,477	$8.15	4.4%	-33.5%	-	-	48%	2.47	0.50	-17.0%	-72.4%	D
Dollarama	DOL	Retail - Consumer Staples	$13,527	$41.39	0.4%	13.0%	25.60	10%	0%	23.51	-	-8.6%	200.3%	D
E-L Financial	ELF	Insurance	$3,280	$816.05	0.6%	58.5%	6.50	4%	7%	9.76	0.58	-2.9%	41.4%	B
Emera	EMA	Utilities	$9,293	$40.08	5.9%	10.1%	46.41	272%	196%	5.68	1.35	-10.0%	67.9%	D
Empire	EMP.A	Retail - Consumer Staples	$6,460	$23.77	1.9%	5.4%	32.56	60%	42%	8.32	1.71	8.3%	4.2%	C
Enbridge	ENB	Oil, Gas & Coal	$73,991	$42.91	6.3%	16.4%	28.90	181%	90%	6.22	1.35	-10.8%	22.3%	C
Encana	ECA	Oil, Gas & Coal	$16,419	$17.17	0.5%	-37.5%	221.01	100%	65%	8.12	1.95	22.1%	3.6%	F
Enerplus	ERF	Oil, Gas & Coal	$3,903	$15.91	0.8%	-35.6%	52.50	40%	39%	7.03	2.28	30.6%	11.1%	D
Fairfax Financial	FFH	Insurance	$20,344	$693.57	1.9%	0.0%	7.25	14%	36%	-	1.18	13.4%	83.2%	C
Finning International	FTT	Industrial Services	$5,425	$32.25	2.5%	5.9%	20.13	50%	73%	11.52	2.56	16.5%	59.7%	D
First Capital Realty	FCR	Real Estate	$5,081	$19.94	4.3%	0.5%	15.95	69%	91%	16.84	1.04	3.4%	43.6%	C
First Quantum Minerals	FM	Metals & Mining	$10,837	$15.72	0.1%	-43.5%	544.43	35%	70%	4.96	0.90	14.9%	-16.9%	D
FirstService	FSV	Real Estate	$3,955	$109.99	0.6%	-	51.80	33%	90%	26.77	14.49	33.9%	-	D
Fortis	FTS	Utilities	$17,851	$42.02	4.1%	6.7%	18.12	73%	131%	6.24	1.24	-3.0%	62.2%	B
Franco-Nevada	FNV	Metals & Mining	$14,879	$79.92	1.6%	11.7%	51.70	80%	0%	23.36	2.44	-17.8%	82.3%	D
Genworth MI Canada	MIC	Insurance	$3,922	$43.63	4.3%	8.0%	7.69	33%	11%	9.75	0.97	25.5%	90.3%	A
George Weston	WN	Retail - Consumer Staples	$12,616	$98.56	2.0%	3.5%	19.18	38%	120%	4.84	1.80	-5.9%	33.1%	C
Gildan Activewear	GIL	Apparel & Textile Products	$8,003	$38.45	1.5%	25.0%	18.68	28%	47%	13.54	3.26	3.2%	65.9%	D
Goldcorp	G	Metals & Mining	$11,779	$13.55	0.8%	-29.5%	30.78	24%	20%	7.22	0.65	-15.6%	-45.4%	D
Great-West Lifeco	GWO	Insurance	$31,301	$31.65	4.9%	4.5%	12.35	61%	23%	4.97	1.49	-6.3%	28.7%	A
Husky Energy	HSE	Oil, Gas & Coal	$22,515	$22.40	2.2%	-25.2%	15.22	34%	30%	5.81	1.26	46.6%	-13.1%	D
Hydro One	H	Utilities	$11,679	$19.60	4.7%	-	14.63	69%	125%	7.22	1.18	-9.7%	-	C
IGM Financial	IGM	Asset Management	$8,663	$35.97	6.3%	0.9%	14.11	88%	45%	11.18	1.98	-10.0%	-4.6%	D
Imperial Oil	IMO	Oil, Gas & Coal	$33,651	$42.10	1.8%	7.8%	36.93	67%	22%	9.31	1.42	8.4%	0.4%	C
Industrial Alliance Insurance	IAG	Insurance	$5,724	$52.22	3.2%	9.7%	9.74	31%	18%	21.85	1.12	-0.5%	38.3%	A
Intact Financial	IFC	Insurance	$14,669	$105.39	2.7%	9.8%	22.79	61%	29%	27.13	2.17	6.0%	95.4%	C
Inter Pipeline	IPL	Oil, Gas & Coal	$8,908	$22.97	7.3%	8.3%	15.57	114%	149%	7.96	2.47	-1.1%	20.6%	D
Keyera	KEY	Oil, Gas & Coal	$7,232	$34.88	5.2%	9.2%	21.74	112%	86%	11.57	2.79	-6.8%	43.9%	D
Kinder Morgan Canada	KML	Oil, Gas & Coal	$5,848	$16.80	3.9%	-	49.80	193%	0%	3.94	1.89	0.1%	-	D
Kirkland Lake Gold	KL	Metals & Mining	$5,317	$25.17	0.5%	-	20.52	10%	3%	10.70	3.41	55.3%	-	D
Linamar	LNR	Automotive	$3,867	$59.16	0.8%	8.4%	6.48	5%	73%	6.37	1.10	-19.4%	76.0%	C
Loblaw	L	Retail - Consumer Staples	$24,995	$66.69	1.8%	4.2%	19.46	34%	124%	10.39	2.04	1.7%	60.5%	D
Lundin Mining	LUN	Metals & Mining	$5,139	$7.02	1.7%	-	9.35	16%	11%	5.41	1.07	-16.8%	55.9%	C
Magna International	MG	Automotive	$23,296	$67.94	2.5%	20.8%	8.04	20%	37%	5.61	1.63	5.3%	73.6%	B
Manulife Financial	MFC	Insurance	$46,586	$23.48	3.8%	10.7%	23.72	89%	72%	2.51	1.16	-2.2%	60.3%	C
Maple Leaf Foods	MFI	Consumer Products	$4,004	$31.85	1.6%	25.6%	25.28	41%	3%	10.34	1.96	-3.5%	161.0%	C
Methanex	MX	Chemicals	$8,207	$103.25	1.7%	16.4%	17.45	29%	86%	8.48	4.35	66.5%	123.5%	D
Metro	MRU	Retail - Consumer Staples	$10,465	$40.84	1.8%	16.9%	5.42	10%	53%	12.91	1.90	3.6%	105.1%	B
National Bank of Canada	NA	Banking	$21,888	$64.73	3.8%	7.5%	11.01	42%	278%	-	1.91	15.6%	88.4%	B
NFI Group	NFI	Transportation Equipment	$3,269	$52.01	2.9%	18.2%	13.17	38%	87%	27.74	3.11	6.6%	432.3%	C
Norbord	OSB	Construction Materials	$3,861	$44.55	40.4%	39.3%	5.32	215%	46%	4.38	2.47	1.5%	95.0%	C
Northland Power	NPI	Utilities	$3,853	$21.91	5.5%	1.6%	14.71	81%	511%	4.86	5.13	-1.3%	87.5%	D
Onex	ONEX	Asset Management	$9,059	$89.80	0.4%	21.1%	39.18	15%	519%	2.91	2.97	-6.8%	71.9%	D
Open Text	OTEX	Software	$13,176	$49.19	1.6%	36.2%	41.75	67%	70%	14.26	2.74	27.2%	177.3%	D
Parkland Fuel	PKI	Oil, Gas & Coal	$5,737	$43.26	2.7%	2.5%	40.34	109%	122%	15.20	3.39	73.2%	205.2%	F
Pembina Pipeline	PPL	Oil, Gas & Coal	$22,447	$44.51	5.1%	6.3%	21.50	110%	53%	11.19	1.94	7.5%	66.6%	C
Power Corp	POW	Insurance	$13,175	$28.28	5.4%	5.0%	8.47	46%	26%	1.98	0.93	-5.4%	21.1%	A
Power Financial	PWF	Insurance	$21,634	$30.30	5.7%	3.8%	11.20	64%	46%	3.12	1.17	-8.3%	17.9%	B
PrairieSky Royalty	PSK	Oil, Gas & Coal	$5,520	$23.49	3.3%	-	53.53	178%	0%	21.27	2.08	-27.1%	-	D
Premium Brands	PBH	Consumer Products	$3,253	$97.48	2.0%	8.1%	36.37	71%	128%	35.18	4.34	1.6%	506.4%	D
Quebecor	QBR.B	Telecom	$6,013	$25.78	0.9%	27.0%	18.41	16%	0%	4.67	-	11.3%	116.6%	D
Restaurant Brands	QSR	Gaming, Lodging & Restaurants	$35,858	$76.69	3.0%	-	17.96	55%	286%	12.06	7.12	-0.5%	-	D
Ritchie Bros Auctioneers	RBA	Industrial Services	$5,120	$47.32	2.0%	11.8%	35.83	71%	94%	28.17	4.95	23.9%	152.3%	D
Rogers Communications	RCI.B	Telecom	$33,981	$66.03	2.9%	2.5%	18.39	53%	221%	7.64	4.57	6.8%	76.8%	D
Royal Bank of Canada	RY	Banking	$150,496	$104.43	3.8%	8.5%	12.94	49%	283%	10.75	2.11	14.7%	91.0%	B
Saputo	SAP	Consumer Products	$14,952	$38.50	1.7%	8.4%	19.15	33%	58%	17.54	3.06	-11.0%	71.0%	D
Shaw Communications	SJR.B	Media	$12,669	$24.98	4.7%	3.5%	36.74	174%	74%	9.80	2.28	-8.6%	27.6%	D
SNC-Lavalin Group	SNC	Engineering & Construction Services	$9,327	$53.13	2.2%	4.5%	29.52	64%	70%	-	1.86	-3.4%	42.7%	C
Stantec	STN	Engineering & Construction Services	$3,757	$33.00	1.7%	10.2%	28.00	47%	47%	25.55	1.90	-3.6%	28.0%	C
Sun Life Financial	SLF	Insurance	$31,419	$51.76	3.7%	5.3%	13.17	48%	18%	21.15	1.50	10.3%	89.6%	A
Suncor Energy	SU	Oil, Gas & Coal	$81,697	$50.19	2.9%	16.2%	18.59	53%	40%	9.36	1.79	20.5%	56.8%	B
TD Bank	TD	Banking	$144,407	$78.97	3.4%	10.0%	13.50	46%	181%	-	2.01	17.5%	105.5%	A
Teck Resources	TECK.B	Metals & Mining	$18,382	$31.99	0.6%	-7.8%	6.69	4%	31%	4.42	0.87	24.2%	26.3%	C
TELUS	T	Telecom	$28,021	$46.88	4.5%	9.3%	19.21	86%	146%	6.71	2.89	10.3%	66.1%	C
TFI International	TFII	Transportation & Logistics	$4,134	$47.36	1.8%	9.5%	12.14	22%	106%	9.40	2.79	55.4%	145.1%	C
Thomson Reuters	TRI	Technology Services	$41,587	$59.20	3.0%	6.1%	27.34	83%	62%	11.69	2.78	7.9%	92.0%	C
TMX Group	X	Institutional Financial Services	$4,830	$86.73	2.7%	6.2%	11.64	31%	35%	17.18	1.47	30.8%	109.3%	B
Toromont Industries	TIH	Industrial Services	$5,446	$66.98	1.4%	11.5%	26.06	36%	61%	9.77	4.48	18.5%	220.2%	D
Tourmaline Oil	TOU	Oil, Gas & Coal	$5,836	$21.45	1.9%	-	19.75	37%	19%	4.87	0.79	-19.4%	-48.0%	D
TransCanada	TRP	Oil, Gas & Coal	$48,323	$53.26	5.2%	7.6%	15.71	81%	160%	8.13	2.07	-10.1%	43.8%	C
Vermilion Energy	VET	Oil, Gas & Coal	$6,616	$43.41	6.4%	2.3%	-	-	62%	8.82	2.50	0.5%	0.3%	D
West Fraser Timber	WFT	Construction Materials	$5,552	$75.40	1.1%	16.9%	6.59	7%	22%	5.39	1.85	6.2%	70.5%	B
Wheaton Precious Metals	WPM	Metals & Mining	$9,670	$21.80	2.1%	1.0%	23.75	51%	18%	13.43	1.43	-6.9%	-9.1%	D
Whitecap Resources	WCP	Oil, Gas & Coal	$3,369	$8.07	4.0%	-7.6%	-	-	39%	5.29	1.04	-15.0%	-16.2%	D
WSP Global	WSP	Engineering & Construction Services	$7,443	$71.49	2.1%	0.0%	33.56	70%	40%	16.73	2.39	43.2%	215.0%	D

Norm Rothery, CFA, PhD, tweets as @NormanRothery. He may hold some of the securities mentioned in this article.

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