Navigate the TSX for Dividend Stocks

TMX Dividend Stocks

Understanding the sector and industry composition on the Toronto Stock Exchange (TSX) can help you invest better. To understand how to invest in Canada, specifically in dividend stocks, it’s important to understand the breakdown of the stocks by sector and industry. It will enlighten you about the Canadian economy.

The breakdown will lead you to understand the market exposure and the economy exposure which leads you to understand the business strength and the growth potential as well as identifying the competition.

TSX Dividend Stocks in Review

My TMX Screener search found 418 dividend stocks on the TSX. The initial search includes all of the preferred shares for a total over 700 but after you remove them, you have 418 dividend paying companies on the TSX.

It’s interesting when you look at the number of companies by sector or by market capitalization. The correlation between the two data points can really show the potential of a sector or how hard it is for newcomers to compete. Below is a table and a graph to present the data. Take some time to take it in but the insight is through the industry further down.

wdt_IDRankBy Market CapMarket CapBy CompaniesCompanies
11Financial Services767.61Financial Services103
22Energy379.88Real Estate55
33Basic Materials203.34Consumer Cyclical51
44Industrials190.89Energy50
55Communication Services134.12Basic Materials43
66Consumer Defensive133.76Industrials38
77Consumer Cyclical112.92Consumer Defensive27
88Utilities88.89Utilities24
99Real Estate87.66Technology14
1010Technology36.24Communication Services10
TSX - Dividend Stocks by Sectors
Source: TMX Screener

TSX Industry Review

The industry breakdown is really telling. 16 dividend stocks control a significant value of the market and most of the value is within the top 12 industries.

TSX - Top 30 Industries by Market Cap
Source: TMX Screener

Here are the top stocks for the 12 major industries tracked on the Dividend Snapshot stock list. The stocks listed are essentially the largest companies on the TSX (as long as they pay a dividend) and the competition is basically outlined.

All you have to do is pick the best stocks that matches your investing criteria.

Banks

TickerCompanySectorIndustryScoreQuoteMarketCapPEFPEEPSYieldPayoutRatioPaymentsDividendChowderAmbassadorAchieverAristocratKingGraph
RYRoyal BankFinancial ServicesBanks66108.44155.5112.3611.578.793.8747.7844.2010.15NONOYESNO1
TDTD BankFinancial ServicesBanks6976.55139.2612.1710.876.303.8746.9842.9612.13NONOYESNO1
BNSScotia BankFinancial ServicesBanks6776.5093.3611.5010.206.694.7153.8143.6010.21NONOYESNO1
BMOBank of MontrealFinancial ServicesBanks63100.6864.3410.6410.279.474.0943.5144.127.14NONOYESNO1
CMCIBCFinancial ServicesBanks75114.9851.2210.089.3011.455.0150.3145.769.35NONOYESNO1
NANational BankFinancial ServicesBanks6869.3923.1911.2110.616.243.9243.5942.7210.07NONOYESNO1
CWBCanadian Western BankFinancial ServicesBanks6035.123.0611.7510.393.003.1937.3341.128.35NONOYESNO1
FNFirst National Financial CorporationFinancial ServicesBanks4941.962.5215.9913.792.634.5372.23121.907.68NONONONO1
LBLaurentian BankFinancial ServicesBanks5446.651.9811.639.824.015.6665.8442.6410.57NOYESYESNO1
EQBEquitable Group Inc.Financial ServicesBanks64113.311.9010.229.3111.181.2412.5241.409.24NONOYESNO1

Oil & Gas – Midstream

TickerCompanySectorIndustryScoreQuoteMarketCapPEFPEEPSYieldPayoutRatioPaymentsDividendChowderAmbassadorAchieverAristocratKingGraph
ENBEnbridgeEnergyOil & Gas - Midstream6249.55100.2820.9118.732.375.96124.5642.9518.96YESYESYESNO1
TRPTranscanada PipelinesEnergyOil & Gas - Midstream6866.4962.1015.5416.114.284.5170.0943.0011.23NOYESYESNO1
PPLPembina PipelineEnergyOil & Gas - Midstream7847.0124.0615.1616.453.105.1177.42122.409.27NONOYESNO1
IPLInter Pipeline LtdEnergyOil & Gas - Midstream7621.708.9512.9217.431.687.88101.79121.7112.18NONOYESNO1
KEYKeyera CorpEnergyOil & Gas - Midstream7432.336.9812.0213.982.695.9471.38121.9212.87NONOYESNO1
ALAAltaGasEnergyOil & Gas - Midstream6519.925.544.7518.644.194.8222.91120.964.82NONONONO1
GEIGibson Energy Inc.EnergyOil & Gas - Midstream4724.743.6022.7021.941.135.34116.8141.326.37NONONONO1

Metals & Mining

TickerCompanySectorIndustryScoreQuoteMarketCapPEFPEEPSYieldPayoutRatioPaymentsDividendChowderGraph
ABXBarrick GoldBasic MaterialsMetals & Mining3421.6229.0036.2430.090.451.2258.7940.201.221
FNVFranco-Nevada CorpBasic MaterialsMetals & Mining50126.5218.00120.0858.760.801.05165.3441.005.651
AEMAgnico Eagle MinesBasic MaterialsMetals & Mining4276.2813.690.0058.60-1.081.21100.0040.701.211
TECK.BTeck ResourcesBasic MaterialsMetals & Mining6422.4512.447.697.612.930.453.4120.100.451
WPMWheaton Precious Metals CorpBasic MaterialsMetals & Mining4334.7711.730.0045.49-0.061.37100.0040.361.371
FMFirst Quantum Minerals Ltd.Basic MaterialsMetals & Mining5112.618.6925.6526.820.490.082.0320.010.081
CCOCameco Corp.Basic MaterialsMetals & Mining4712.675.0148.730.000.262.53123.0840.322.531
PAASPan American Silver CorpBasic MaterialsMetals & Mining2923.233.70438.5030.860.040.80462.9640.140.801

Communication Services

TickerCompanySectorIndustryScoreQuoteMarketCapPEFPEEPSYieldPayoutRatioPaymentsDividendChowderGraph
BCEBCECommunication ServicesCommunication Services5463.2157.1219.1017.953.315.0295.7743.1710.131
RCI.BRogersCommunication ServicesCommunication Services6662.4531.8815.5314.914.043.2049.5042.003.201
TTelusCommunication ServicesCommunication Services6849.8729.9717.3216.952.884.5178.1342.2512.231
SJR.BShaw CommunicationsCommunication ServicesCommunication Services5926.7313.8318.8218.871.424.4383.45121.194.841
QBR.BQuebecor Inc.Communication ServicesCommunication Services5031.748.1214.6314.112.551.4217.6540.4515.851
CCACogeco Cable IncCommunication ServicesCommunication Services77110.225.4513.2214.178.412.1027.5942.3212.821
CGOCogecoCommunication ServicesCommunication Services70100.341.6211.400.008.862.3126.1942.3217.531

Oil & Gas – Integrated

TickerCompanySectorIndustryScoreQuoteMarketCapPEFPEEPSYieldPayoutRatioPaymentsDividendChowderAmbassadorAchieverAristocratKingGraph
SUSuncorEnergyOil & Gas - Integrated7342.6665.5713.5014.173.163.9453.1641.6812.04YESYESYESNO1
IMOImperial OilEnergyOil & Gas - Integrated7635.3126.599.8616.383.602.4924.4440.889.24NOYESYESNO1
CVECenovus EnergyEnergyOil & Gas - Integrated5512.1114.8820.5319.980.592.0642.3740.252.06NONONONO1

Transportation & Logistics

TickerCompanySectorIndustryScoreQuoteMarketCapPEFPEEPSYieldPayoutRatioPaymentsDividendChowderGraph
CNRCanadian National RailwayIndustrialsTransportation & Logistics60125.1089.4820.2420.806.201.7234.6842.1515.061
CPCanadian Pacific RailwayIndustrialsTransportation & Logistics50311.1842.6918.8019.0016.601.0720.0043.3210.831
TFIITFI International IncIndustrialsTransportation & Logistics5943.353.5512.1110.983.682.2126.0940.962.211

Retail – Defensive

TickerCompanySectorIndustryScoreQuoteMarketCapPEFPEEPSYieldPayoutRatioPaymentsDividendChowderGraph
ATD.BAlimentation Couche-Tard Inc.Consumer DefensiveRetail - Defensive7339.9345.0117.8018.472.250.6311.1140.2524.191
LLoblawConsumer DefensiveRetail - Defensive5770.6025.8532.5316.842.191.7857.5341.265.021
WNGeorge Weston LimitedConsumer DefensiveRetail - Defensive36103.9015.96266.4114.380.412.02512.2042.105.101
DOLDollarama IncConsumer DefensiveRetail - Defensive5346.7514.7227.1825.881.730.3810.1740.1811.581
MRUMetroConsumer DefensiveRetail - Defensive6055.9114.2021.6717.632.591.4330.8940.8017.141
EMP.AEmpire Co Ltd A NvtgConsumer DefensiveRetail - Defensive6034.709.4322.5316.581.541.3831.1740.486.661
NWCThe North West Company Inc.Consumer DefensiveRetail - Defensive6827.641.3514.4717.171.924.7868.7541.324.781

Insurance – Life

TickerCompanySectorIndustryScoreQuoteMarketCapPEFPEEPSYieldPayoutRatioPaymentsDividendChowderGraph
MFCManulifeFinancial ServicesInsurance - Life6426.1350.9210.718.732.453.8340.8241.003.831
GWOGreat West LifeFinancial ServicesInsurance - Life6732.7130.3812.3111.062.665.0562.1341.657.681
PWFPower FinancialFinancial ServicesInsurance - Life6732.4821.5710.979.802.965.6161.5541.828.271
POWPower CorporationFinancial ServicesInsurance - Life5832.0812.0814.8510.422.165.0575.0041.628.121

Asset Management

TickerCompanySectorIndustryScoreQuoteMarketCapPEFPEEPSYieldPayoutRatioPaymentsDividendChowderGraph
IGMIGM FinancialFinancial ServicesAsset Management5139.709.4612.9712.473.075.6773.2942.255.671
ONEXONEX CorporationFinancial ServicesAsset Management7679.287.941.590.0049.880.500.8040.4011.951
CIXCI FinancialFinancial ServicesAsset Management6120.844.739.308.822.243.4532.1440.723.451
FSZFiera Capital CorpFinancial ServicesAsset Management6111.171.110.008.69-0.137.52100.0040.8412.501
AGF.BAGF ManagementFinancial ServicesAsset Management595.620.4411.089.670.535.6960.6840.325.691

Oil & Gas – E&P

TickerCompanySectorIndustryScoreQuoteMarketCapPEFPEEPSYieldPayoutRatioPaymentsDividendChowderAmbassadorAchieverAristocratKingGraph
CNQCanadian Natural ResourcesEnergyOil & Gas - E&P8036.9443.8110.909.983.404.0644.1241.5017.42YESYESYESNO1
ECAEncanaEnergyOil & Gas - E&P556.406.293.977.421.221.558.1340.081.55NONONONO1
VETVermillion EnergyEnergyOil & Gas - E&P7319.853.097.9768.102.5113.90109.96122.7615.62NONONONO1
CPGCrescent Point EnergyEnergyOil & Gas - E&P405.302.890.0013.95-4.550.75100.0040.040.75NONONONO1
ARXArc ResourcesEnergyOil & Gas - E&P646.642.359.4920.270.709.0485.71120.609.04NONONONO1
ERFEnerplus CorporationEnergyOil & Gas - E&P618.591.984.777.981.811.406.63120.121.40NONONONO1
FRUFreehold Royalties LtdEnergyOil & Gas - E&P386.740.80793.69224.670.019.35999.99120.639.35NONONONO1
BNEBonterra Energy Corp.EnergyOil & Gas - E&P643.290.115.674.840.583.6520.69120.123.65NONONONO1

REITs

TickerCompanySectorIndustryScoreQuoteMarketCapPEFPEEPSYieldPayoutRatioPaymentsDividendChowderGraph

Utilities – Regulated

TickerCompanySectorIndustryScoreQuoteMarketCapPEFPEEPSYieldPayoutRatioPaymentsDividendChowderGraph
FTSFortisUtilitiesUtilities - Regulated7752.7223.1114.5620.493.633.6252.6241.919.231
BIP.UNBrookfield Infrastructure PartnersUtilitiesUtilities - Regulated5667.6515.00255.60138.160.203.93999.9942.0113.911
HHydro OneUtilitiesUtilities - Regulated3723.6314.080.000.001.304.0974.3140.974.091
EMAEmeraUtilitiesUtilities - Regulated8352.6212.5616.2418.943.254.6675.3842.4513.651
CUCanadian UtilitiesUtilitiesUtilities - Regulated7538.6610.5610.6817.673.624.3746.7141.6913.361
ACO.XAtcoUtilitiesUtilities - Regulated6549.565.6910.0515.544.943.2732.7841.6215.621
CPXCapital Power CorporationUtilitiesUtilities - Regulated4731.453.3665.5221.510.496.10391.8441.9212.651

Sector Classifications

Sector classification is driven by a set of standards across North America, stock market and indexes. There is a specific company classification referred to as NAICS (North American Industry Classification System) managing a set of classifications. Statistic Canada is also a partner with defining the NAICS with company counts for different classifications.

While the company classification is critical to understand the evolution of industries, it is by far too detailed to manage for investors and all companies can be grouped under a sector. The best visual tree I could find is under Wikipedia's Global Industry Classification Standard.

SectorsIndustries
Basic MaterialChemicals, Construction Materials, Containers & Packaging, Metals & Mining, Paper & Forest Products
Communication ServicesDiversified Telecommunication Services, Wireless Telecommunication Services
Consumer CyclicalAuto Components, Automobiles, Household Durables, Leisure Products, Textiles, Apparel & Luxury Goods, Hotels, Restaurants & Leisure, Diversified Consumer Services, Media, Distributors, Internet & Direct Marketing Retail, Multiline Retail, Specialty Retail
US Consumer Defensive SectorFood & Staples Retailing, Beverages, Food Products, Tobacco, Household Products, Personal Products
Canadian EnergyEnergy Equipment & Services, Oil, Gas & Consumable Fuels
Financial ServicesBanks, Thrifts & Mortgage Finance, Diversified Financial Services, Consumer Finance, Capital Markets, Mortgage Real Estate Investment Trusts (REITs), Insurance
US HealthcareHealth Care Equipment & Supplies, Health Care Providers & Services, Health Care Technology, Biotechnology, Pharmaceuticals, Life Sciences Tools & Services
US Industrial SectorAerospace & Defense, Building Products, Construction & Engineering, Electrical Equipment, Industrial Conglomerates, Machinery, Trading Companies & Distributors, Commercial Services & Supplies, Professional Services, Air Freight & Logistics, Airlines, Marine, Road & Rail, Transportation Infrastructure
Canadian Real EstateEquity Real Estate Investment Trusts (REITs), Real Estate Management & Development
US TechnologiesInternet Software & Services, IT Services, Software, Communications Equipment, Technology Hardware, Storage & Peripherals, Electronic Equipment, Instruments & Components, Semiconductors & Semiconductor Equipment
UtilitiesElectric Utilities, Gas Utilities, Multi-Utilities, Water Utilities, Independent Power and Renewable Electricity Producers
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