Tuesday, June 16, 2009

The Broad Canadian Dividend Achievers

As a Canadian, I do invest in Canadian dividend stocks. Like the rest of my portfolio I use index funds as the core component however I have supplemented with select dividend growth companies. Just because they are stocks from companies in my own back yard, I still need to ensure I do the proper analysis. That typically always starts with a review of the Canadian Dividend Achievers list.

The Broad Canadian Dividend Achievers are stocks that have increased their annual regular dividend payments for the last five or more consecutive years. You will notice this is 5 years less than the U.S. counterpart - the reason is that there just are not that many companies in Canada and creating any kind of valid index meant that they had to lessen the requirements. What this means for the individual dividend investor is that the analysis must be just as thorough, or perhaps even more thorough than usual.

Another thing to note about the list of stocks in the index is the prevalence of income funds and REITs. These are different types of investment than stocks and need to be evaluated as such. Just watch out for that.

So what are the stocks in the index? Here is the list from the most recent download available at the above mentioned site.

AGF Management Ltd
Allied Properties Real Estate Investment Trust
AltaGas Income Trust
Atco Ltd
Bank of Montreal
Bank of Nova Scotia Halifax
Boardwalk Real Estate Investment Trust
Brookfield Asset Management Inc
Brookfield Properties Corp.
Calloway Real Estate Investment Trust
Cameco Corp.
Canadian Imperial Bank of Commerce
Canadian National Railway Co.
Canadian Natural Resources Ltd.
Canadian Pacific Railway Ltd.
Canadian Real Estate Investment Trust
Canadian Tire Corp., Ltd
Canadian Utilities Ltd.
Canadian Western Bank
CCL Industries Inc.
Cominar Real Estate Investment Trust
Consumers Waterheater Income Fund
Corus Entertainment, Inc.
Davis & Henderson Income Fund
Empire Co Ltd
Enbridge Inc
EnCana Corp
Ensign Energy Services Inc
Finning International Inc
First Capital Realty Inc.
Fortis Inc.
Great-West Lifeco Inc.
H&R Real Estate Investment Trust / H&R Financial Trust
Home Capital Group Inc
Husky Energy Inc.
IGM Financial Inc
Imperial Oil Ltd.
Industrial Alliance Insurance and Financial Services Inc
Just Energy Income Fund
Keyera Facilities Income Fund
Manulife Financial Corp.
Methanex Corp.
Metro Inc
National Bank of Canada
Northern Property Real Estate Investment Trust
Parkland Income Fund
Pason Systems, Inc
Petro-Canada
Peyto Energy Trust
Phoenix Technology Income Fund
Power Corp. of Canada
Power Financial Corp
Primaris Retail Real Estate Investment Trust
Reitmans (Canada), Ltd.
RioCan Real Estate Investment Trust
Ritchie Bros. Auctioneers, Inc.
Royal Bank of Canada
Russel Metals Inc.
Saputo Inc
Shaw Communications Inc
SNC - Lavalin Group Inc
Sun Life Financial Inc
Suncor Energy Inc
Talisman Energy, Inc.
Thomson Reuters Corp
Toromont Industries Ltd
Toronto Dominion Bank
TransCanada Corp
Transcontinental Inc
Uni-Select Inc
Yellow Pages Income Fund

This article was written by The Dividend Guy. You may email questions or comments to me at info@thedividendguyblog.com.

1 comment:

  1. I follow the S&P/TSX Canadian Dividend Aritstocrats Index. Dividends must have increased every year for at least 7 consecutive years-better than 5 years.
    If you do a Google search for S&P/TSX Canadian Dividend Aristocrats Index, the link will come up-then go to "Overview", then Constituent List.
    Thanks for some great articles!

    ReplyDelete

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