Can I have some more yield, please? Oct 2nd

Income investors looking for satisfactory yields from bonds are feeling like the rich relatives of Oliver Twist these days. They just want a little more, please. They can get it–and use some of the extra income to help the poor–if they turn to the admittedly riskier world of dividend stocks.
There are over 300 dividend stocks on the TSX that range from tiny energy firms to giant banks. If you sort all of them by yield, half pay their shareholders more than 3.78% and half pay less.
To get a better sense of the dividend market, I split the list of dividend stocks into 10 equal parts (called deciles). The yields that separate the groups from one and other are shown in the accompanying table and they’re called breakpoints.

Canadian Dividend Yield Breakpoints

Low
2
3
4
Middle
6
7
8
High

1.14%
1.71%
2.37%
3.08%
3.78%
4.56%
5.47%
6.68%
8.47%

Data Source: Bloomberg, Sept…