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

TickerCompanySectorIndustryScoreQuoteMarketCapPEFPEEPSYieldPayoutRatioPaymentsDividendChowderAchieverAristocratKingGraph
RYRoyal BankFinancial ServicesBanks61%$104.69150.2612.2911.58$8.523.90%47.89%4$4.0810.18%NOYESNO1
TDTD BankFinancial ServicesBanks70%$74.47136.4912.3310.98$6.043.97%49.01%4$2.9612.24%NOYESNO1
BNSScotia BankFinancial ServicesBanks80%$71.7888.0010.659.96$6.744.85%51.63%4$3.4810.35%NOYESNO1
BMOBank of MontrealFinancial ServicesBanks61%$103.2365.9012.610.69$8.193.87%48.84%4$4.006.92%NOYESNO1
CMCIBCFinancial ServicesBanks81%$109.9548.819.78.91$11.345.09%49.38%4$5.609.43%NOYESNO1
NANational BankFinancial ServicesBanks73%$62.5420.9810.359.96$6.044.16%43.05%4$2.6010.31%NOYESNO1
CWBCanadian Western BankFinancial ServicesBanks74%$28.962.5310.139.10$2.863.73%37.76%4$1.088.89%NOYESNO1
FNFirst National Financial CorporationFinancial ServicesBanks61%$31.721.9011.6211.01$2.735.99%69.58%12$1.909.15%NONONO1
LBLaurentian BankFinancial ServicesBanks84%$41.401.759.049.27$4.586.28%56.77%4$2.6011.19%YESYESNO1
EQBEquitable Group Inc.Financial ServicesBanks55%$70.671.177.266.16$9.731.70%12.33%4$1.209.70%NOYESNO1

Oil & Gas – Midstream

TickerCompanySectorIndustryScoreQuoteMarketCapPEFPEEPSYieldPayoutRatioPaymentsDividendChowderGraph
ENBEnbridgeEnergyOil & Gas - Midstream57%$49.93101.0240.5920.17$1.235.91%240.00%4$2.9518.92%1
TRPTranscanada PipelinesEnergyOil & Gas - Midstream78%$62.0557.2815.8316.17$3.924.83%76.53%4$3.0011.56%1
PPLPembina PipelineEnergyOil & Gas - Midstream63%$50.0425.5121.9520.23$2.284.56%100.00%12$2.288.72%1
IPLInter Pipeline LtdEnergyOil & Gas - Midstream73%$22.268.9914.5517.17$1.537.68%111.76%12$1.7111.98%1
KEYKeyera CorpEnergyOil & Gas - Midstream82%$32.736.8917.1419.70$1.915.50%94.24%12$1.8012.43%1
ALAAltaGasEnergyOil & Gas - Midstream56%$18.305.04-19.03($1.46)5.25%100.00%12$0.965.07%1
GEIGibson Energy Inc.EnergyOil & Gas - Midstream56%$23.663.4222.5327.07$1.055.58%125.71%4$1.326.61%1

Metals & Mining

TickerCompanySectorIndustryScoreQuoteMarketCapPEFPEEPSYieldPayoutRatioPaymentsDividendChowderGraph
ABXBarrick GoldBasic MaterialsMetals & Mining28%$17.9123.51-34.45($1.31)2.08%100.00%4$0.28-15.51%1
TECK.BTeck ResourcesBasic MaterialsMetals & Mining52%$33.6319.076.239.02$5.400.30%1.85%2$0.10-17.71%1
FNVFranco-Nevada CorpBasic MaterialsMetals & Mining31%$99.4613.96132.6158.66$0.751.29%170.63%4$0.965.89%1
FMFirst Quantum Minerals Ltd.Basic MaterialsMetals & Mining49%$15.7610.8018.613.82$0.850.06%1.18%2$0.01-50.29%1
WPMWheaton Precious Metals CorpBasic MaterialsMetals & Mining44%$30.8410.2732.1342.75$0.961.56%49.99%4$0.36-2.81%1
GGoldcorpBasic MaterialsMetals & Mining25%$15.4710.09-40.47($0.07)0.69%100.00%4$0.08-43.08%1
AEMAgnico Eagle MinesBasic MaterialsMetals & Mining27%$56.319.94-76.15($1.40)1.18%100.00%4$0.50-11.76%1
CCOCameco Corp.Basic MaterialsMetals & Mining41%$15.696.2137.36199.69$0.422.04%76.19%4$0.32-39.48%1
PAASPan American Silver CorpBasic MaterialsMetals & Mining32%$17.672.78252.4339.58$0.071.06%266.61%4$0.14-21.42%1

Communication Services

TickerCompanySectorIndustryScoreQuoteMarketCapPEFPEEPSYieldPayoutRatioPaymentsDividendChowderGraph
BCEBCECommunication ServicesCommunication Services48%$60.5154.3619.5217.13$3.105.24%102.26%4$3.1710.36%1
RCI.BRogersCommunication ServicesCommunication Services56%$71.0936.6017.8215.27$3.992.81%50.13%4$2.002.81%1
TTelusCommunication ServicesCommunication Services65%$50.0230.0519.5416.81$2.564.36%85.16%4$2.1812.08%1
SJR.BShaw CommunicationsCommunication ServicesCommunication Services46%$27.3114.0131.3920.62$0.874.34%136.21%12$1.194.74%1
QBR.BQuebecor Inc.Communication ServicesCommunication Services53%$33.058.5019.6715.93$1.680.67%13.10%4$0.2215.10%1
CCACogeco Cable IncCommunication ServicesCommunication Services67%$90.344.4816.0213.78$5.642.32%37.23%4$2.1013.04%1
CGOCogecoCommunication ServicesCommunication Services73%$81.841.3313.12$6.242.10%27.56%4$1.7217.32%1

Oil & Gas – Integrated

TickerCompanySectorIndustryScoreQuoteMarketCapPEFPEEPSYieldPayoutRatioPaymentsDividendChowderGraph
SUSuncorEnergyOil & Gas - Integrated87%$44.2269.7821.8916.68$2.023.80%83.17%4$1.6811.90%1
IMOImperial OilEnergyOil & Gas - Integrated79%$38.7730.1513.4614.86$2.881.96%26.39%4$0.768.71%1
CVECenovus EnergyEnergyOil & Gas - Integrated24%$13.1916.21-21.17($2.17)1.52%100.00%4$0.20-36.81%1

Transportation & Logistics

TickerCompanySectorIndustryScoreQuoteMarketCapPEFPEEPSYieldPayoutRatioPaymentsDividendChowderGraph
CNRCanadian National RailwayIndustrialsTransportation & Logistics61%$121.9988.3220.6819.61$5.901.76%36.44%4$2.1515.10%1
CPCanadian Pacific RailwayIndustrialsTransportation & Logistics58%$284.7139.8220.8417.37$13.660.91%19.03%4$2.6010.68%1
TFIITFI International IncIndustrialsTransportation & Logistics65%$42.603.6812.7911.02$3.332.25%28.83%4$0.961.42%1

Retail – Defensive

TickerCompanySectorIndustryScoreQuoteMarketCapPEFPEEPSYieldPayoutRatioPaymentsDividendChowderGraph
ATD.BAlimentation Couche-Tard Inc.Consumer DefensiveRetail - Defensive56%$81.8046.1618.2517.75$4.480.61%11.16%4$0.5024.20%1
LLoblawConsumer DefensiveRetail - Defensive47%$66.4024.6933.3715.15$1.991.78%59.30%4$1.185.01%1
WNGeorge Weston LimitedConsumer DefensiveRetail - Defensive58%$101.6115.5825.2814.71$4.022.03%51.24%4$2.065.11%1
MRUMetroConsumer DefensiveRetail - Defensive55%$50.4012.8920.9117.33$2.411.59%33.20%4$0.8017.30%1
DOLDollarama IncConsumer DefensiveRetail - Defensive65%$38.4012.2923.4620.88$1.640.46%10.75%4$0.1811.67%1
EMP.AEmpire Co Ltd A NvtgConsumer DefensiveRetail - Defensive55%$30.378.2524.6920.01$1.231.45%35.77%4$0.446.72%1
NWCThe North West Company Inc.Consumer DefensiveRetail - Defensive58%$28.651.4016.116.04$1.784.61%74.16%4$1.322.78%1

Insurance – Life

TickerCompanySectorIndustryScoreQuoteMarketCapPEFPEEPSYieldPayoutRatioPaymentsDividendChowderGraph
MFCManulifeFinancial ServicesInsurance - Life57%$24.1747.4711.198.31$2.164.14%46.30%4$1.003.20%1
GWOGreat West LifeFinancial ServicesInsurance - Life66%$32.6732.2710.9110.32$3.005.06%55.16%4$1.657.69%1
PWFPower FinancialFinancial ServicesInsurance - Life68%$31.9922.8410.169.11$3.155.70%57.84%4$1.828.35%1
POWPower CorporationFinancial ServicesInsurance - Life59%$31.3213.0711.319.25$2.774.88%55.16%4$1.537.95%1

Asset Management

TickerCompanySectorIndustryScoreQuoteMarketCapPEFPEEPSYieldPayoutRatioPaymentsDividendChowderGraph
IGMIGM FinancialFinancial ServicesAsset Management67%$35.638.5911.1711.42$3.196.31%70.53%4$2.256.31%1
ONEXONEX CorporationFinancial ServicesAsset Management49%$76.927.73-151.12($8.45)0.46%100.00%4$0.3511.90%1
CIXCI FinancialFinancial ServicesAsset Management71%$18.684.517.828.09$2.393.85%30.13%4$0.72-1.59%1
GSGluskin Sheff + AssociatesFinancial ServicesAsset Management51%$14.440.4515.5316.19$0.936.93%107.53%4$1.009.56%1
AGF.BAGF ManagementFinancial ServicesAsset Management69%$5.500.438.2410.05$0.675.82%47.95%4$0.32-15.78%1

Oil & Gas – E&P

TickerCompanySectorIndustryScoreQuoteMarketCapPEFPEEPSYieldPayoutRatioPaymentsDividendChowderGraph
CNQCanadian Natural ResourcesEnergyOil & Gas - E&P81%$39.7647.6818.7517.48$2.123.77%70.75%4$1.5017.13%1
ECAEncanaEnergyOil & Gas - E&P64%$10.0811.299.0810.79$1.110.99%9.01%4$0.08-39.17%1
VETVermillion EnergyEnergyOil & Gas - E&P69%$35.135.3717.8339.39$1.977.86%140.10%12$2.769.57%1
ARXArc ResourcesEnergyOil & Gas - E&P62%$9.363.3114.8618.23$0.636.41%95.24%12$0.60-14.22%1
CPGCrescent Point EnergyEnergyOil & Gas - E&P36%$5.643.11-28.20($4.77)0.71%100.00%4$0.04-43.83%1
ERFEnerplus CorporationEnergyOil & Gas - E&P62%$12.212.923.0410.69$4.010.98%2.99%12$0.12-41.78%1
FRUFreehold Royalties LtdEnergyOil & Gas - E&P34%$9.511.1373.15114.12$0.136.62%484.62%12$0.63-12.75%1
BNEBonterra Energy Corp.EnergyOil & Gas - E&P54%$7.780.2635.36$0.221.54%54.55%12$0.12-18.18%1

REITs

TickerCompanySectorIndustryScoreQuoteMarketCapPEFPEEPSYieldPayoutRatioPaymentsDividendChowderGraph

Utilities – Regulated

TickerCompanySectorIndustryScoreQuoteMarketCapPEFPEEPSYieldPayoutRatioPaymentsDividendChowderGraph
FTSFortisUtilitiesUtilities - Regulated63%$50.0021.5419.2318.94$2.603.60%69.23%4$1.809.20%1
HHydro OneUtilitiesUtilities - Regulated55%$21.2812.6816.3715.55$1.304.32%70.77%4$0.924.32%1
EMAEmeraUtilitiesUtilities - Regulated74%$50.4411.8116.5417.90$3.054.66%77.05%4$2.3513.65%1
BIP.UNBrookfield Infrastructure PartnersUtilitiesUtilities - Regulated49%$55.1811.4993.5398.67$0.594.86%454.14%4$2.0114.83%1
CUCanadian UtilitiesUtilitiesUtilities - Regulated69%$36.6510.0117.6216.62$2.084.61%81.29%4$1.6913.60%1
ACO.XAtcoUtilitiesUtilities - Regulated67%$46.115.2916.0714.54$2.873.51%56.42%4$1.6215.86%1
CPXCapital Power CorporationUtilitiesUtilities - Regulated75%$31.383.2013.9514.50$2.255.70%79.56%4$1.7912.25%1

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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