Category Archives: Canadian dividend aristocrats
2012 Canadian Dividend Aristocrats -The Passive Income Earner
2012 Canadian Dividend Aristocrats � The Passive Income Earner: Here is the list many of you have been waiting for
The 2012 Canadian Dividend Aristocrats!
Unless you are tracking many companies on your own with historical data, the following dividend aristocrat list is a must have resource for any dividend investor. You can also review last year’s Dividend Aristocrats if you want.
Canadian Dividend Aristocrat Requirements
The rules have changed … Was there some lobbying to alleviate the impact on the lack of dividend increase during the financial crisis?!? The Canadian Dividend Aristocrats must now meet the following requirements to be included in the list.
Dividends in Danger? Hudson City Chops, Sysco Surprises and Others Receive Attention – Seeking Alpha
This monthly series collects and summarizes SA members’ opinions about companies with dividends that may be in danger. Not all information for each company has been independently verified. Readers’ comments have been integrated and edited. If you wish to see the full comment stream, consult last month’s article.
Always perform your own due diligence before making any investment decisions.
Hudson City
Hudson City Bancorp (HCBK), which was identified as having a dividend in danger in both the March and April articles, did cut its dividend on April 20. The dividend, which had been frozen since May 2009 at $0.15/share/quarter, was chopped to $0.08 for the upcoming May, 2011 payment, a 47% decrease. The stock’s price had taken a significant tumble in early March, falling from about $11.50 to under $10, and it has been floating slowly down since then to a current level of about $9.26.
globeadvisor.com: Mid-caps take dividend aristocrat crown
globeadvisor.com: Mid-caps take dividend aristocrat crown
Mid-caps take dividend aristocrat crown
What are we looking for?
Let’s take a look at the S&P/TSX Canadian dividend aristocrats index and see which members have the highest yields.
More about today’s screen
S&P has calculated that dividends have contributed almost one-third of the total equity return of the S&P/TSX composite index since 1956.
S&P defines a Canadian dividend aristocrat as a company or trust that has increased cash dividends or distributions annually for at least five consecutive years.
To be eligible, a security must be listed on the Toronto Stock Exchange and have a minimum market capitalization of $300-million. Members are generally added and deleted once a year in December.
The index is adjusted on a monthly basis so that no stock may be weighted greater than 8 per cent of the index and no trust more than 5 per cent. The Claymore S&P/TSX Canadian Dividend exchange traded fund is designed to track this index.
The index currently has 39 members. We’ll sort the list today by highest yield.
What did we find?
A few years ago, this list was dominated by banks and insurance companies.
Without the big finance services members, it is a mixed bag of mostly mid-cap names across a broad selection of sectors, led by energy at 28 per cent, industrials 15 per cent, consumer discretionary stocks at 14.4 per cent and financials 13 per cent.
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S&P/TSX CANADIAN DIVIDEND ARISTOCRATS INDEX
| Company name | Symbol | $ Price March 15 | 52-week high $ | 52-week low $ | Yield % | PE ratio | Price-to-book value per share | One-year price change % | YTD price change % | Index weighting % |
| Enbridge Incm Fund Hold. | ENF-T | 18.68 | 20.74 | 12.51 | 6.2 | 53.4 | 1.3 | 49.6 | 5.4 | 5.53 |
| North West Company | NWF-T | 22.23 | 23.00 | 17.02 | 6.1 | 13.5 | 3.5 | 21.0 | 5.2 | 5.22 |
| AGF Management | AGF.B-T | 19.00 | 19.99 | 13.36 | 5.5 | 14.5 | 1.5 | 2.2 | -4.3 | 5.03 |
| Bird Construction Inc. | BDT-T | 37.09 | 38.99 | 28.50 | 5.3 | 11.0 | 3.3 | 8.5 | -2.3 | 5.28 |
| Keyera Corp. | KEY-T | 37.65 | 37.98 | 25.05 | 5.1 | 20.5 | 3.4 | 43.0 | 8.0 | 5.31 |
| Shaw Communications | SJR.B-T | 20.08 | 23.50 | 18.37 | 4.6 | 19.9 | 3.0 | -2.5 | -6.0 | 3.93 |
| TELUS Corp. | T-T | 47.15 | 49.98 | 35.44 | 4.5 | 15.6 | 1.9 | 32.2 | 3.8 | 4.38 |
| Cdn. Real Estate Investment | REF.UN-T | 32.03 | 33.93 | 25.00 | 4.4 | 20.1 | 2.5 | 14.3 | 3.2 | 4.20 |
| TransCanada Corp. | TRP-T | 38.10 | 39.30 | 30.01 | 4.4 | 21.5 | 1.7 | 2.3 | -0.2 | 4.04 |
| Rogers Communications | RCI.B-T | 33.82 | 41.64 | 33.29 | 4.2 | 12.8 | 4.8 | -4.5 | -2.8 | 3.20 |
| Fortis Inc. | FTS-T | 32.13 | 35.45 | 21.60 | 3.6 | 19.6 | 1.7 | 11.9 | -5.0 | 3.11 |
| Corus Entertainment | CJR.B-T | 21.41 | 23.78 | 18.26 | 3.5 | 17.5 | 1.8 | 10.2 | -4.0 | 3.18 |
| Enbridge Inc. | ENB-T | 57.70 | 59.03 | 46.10 | 3.4 | 22.3 | 3.0 | 17.9 | 2.6 | 3.43 |
| Canadian Utilities | CU-T | 49.61 | 55.62 | 41.69 | 3.3 | 14.3 | 1.9 | 3.1 | -8.3 | 2.63 |
| Thomson Reuters | TRI-T | 37.86 | 41.61 | 35.83 | 3.2 | 35.7 | 1.6 | 0.3 | 0.9 | 3.02 |
| Intact Financial | IFC-T | 47.63 | 51.73 | 40.51 | 3.1 | 13.1 | 1.7 | 13.5 | -4.7 | 2.34 |
| Transcontinental Inc. | TCL.A-T | 15.24 | 17.25 | 11.44 | 2.9 | 7.4 | 1.0 | 16.0 | -3.2 | 2.01 |
| Shoppers Drug Mart | SC-T | 39.42 | 44.90 | 32.57 | 2.5 | 14.5 | 2.1 | -11.8 | -0.1 | 2.31 |
| CCL Industries | CCL.B-T | 29.68 | 34.66 | 25.61 | 2.4 | 17.2 | 1.3 | 3.5 | -2.4 | 1.83 |
| Ensign Energy Services | ESI-T | 16.06 | 17.74 | 11.38 | 2.4 | 24.0 | 1.6 | 10.0 | 7.8 | 2.90 |
| Pason Systems | PSI-T | 13.92 | 15.98 | 10.31 | 2.4 | 37.6 | 3.5 | 26.8 | 5.7 | 2.23 |
| Toromont Industries | TIH-T | 30.68 | 32.40 | 22.86 | 2.1 | 23.6 | 1.9 | 2.8 | -0.9 | 1.85 |
| ATCO Ltd. | ACO.X-T | 57.16 | 62.59 | 46.02 | 2.0 | 11.3 | 1.5 | 9.5 | -3.5 | 1.74 |
| Canadian National Railway | CNR-T | 70.86 | 72.79 | 56.80 | 1.8 | 15.7 | 2.9 | 20.4 | 6.8 | 1.57 |
| Finning International | FTT-T | 26.43 | 29.75 | 16.31 | 1.8 | 0.0 | 3.3 | 49.8 | -1.7 | 1.86 |
| Canadian Pacific Railway | CP-T | 62.84 | 69.48 | 53.57 | 1.7 | 16.3 | 2.2 | 11.4 | -2.9 | 1.49 |
| Metro Inc. | MRU.A-T | 45.29 | 47.47 | 40.57 | 1.7 | 12.4 | 1.9 | 6.3 | 0.5 | 1.37 |
| Cogeco Cable | CCA-T | 42.81 | 45.67 | 32.38 | 1.6 | 15.5 | 1.8 | 1.0 | 5.0 | 1.70 |
| Tim Hortons | THI-T | 43.22 | 44.50 | 32.30 | 1.6 | 12.0 | 5.1 | 27.8 | 4.9 | 1.20 |
| Source: Globe Investor |
11 Canadian Dividend Aristocrat Index Components – Seeking Alpha
11 Canadian Dividend Aristocrat Index Components – Seeking Alpha
On August 28, I wrote an article on the Top Canadian Dividend stocks available in the USA as inter-listed stocks.Today’s post is an update to that article.
Out of the 37 stocks in the S&P TSX Canadian Dividend Aristocrats Index, there are 11 stocks that are traded in the New York Stock Exchange.
Analysis: Out of the five large banks in Canada, four made it to this list. All four banks have yields of above 6% with BMO having the highest yield at 10.93%. So far, all four haven’t announced any cuts in dividend rates. However on Nov 18, ScotiaBank (BNS) announced a writedown of $595 million after taxes “relating to certain trading activities and valuation adjustments.” TD has announced that it will have a “trading losses of approximately C$350 million leading to a net loss in its wholesale banking division.”
Fourth Quarter Results – Announcement Dates:
Sun Life Financial Services Canada (SLF) and Manulife (MFC) are both insurers. MFC is a good long-term play. Brookfield Properties Corp. (BPO) is a real-estate operator, not a favorite sector now. CNI, CNQ, ENB andIMO all have low dividend yields. They are included in this Aristocrats Index, because they have increased dividends in the past 7 years though the dividend rate is still low.
The above 11 stocks had lower yields back in August. As the market has crashed in the following months, their yields have risen to current levels. For an investor looking to invest in Canada, these stocks might be good picks to research further. Please bear in mind that dividend payments are not guaranteed and may be cut or suspended at any time.
For a full listing
of the Dividend Aristocrats Index, click the link below: TSX-Dividend-Aristocrats-Index-Components
Canadian Blue Chip – S&P/TSX Canadian dividend aristocrats stocks-G&M – Canadian Blue Chip – InvestorVillage
Canadian Blue Chip – S&P/TSX Canadian dividend aristocrats stocks-G&M – Canadian Blue Chip – InvestorVillage
Canadian Blue Chip msg # 6498 3/18/2010 11:44:51 AM
By: Gammafriend
By: Gammafriend
S&P/TSX Canadian dividend aristocrats stocks-G&M
Some noble stocks with rising payouts
Investment Editor
WHAT ARE WE LOOKING FOR?
We’ll continue our search for good dividend companies this week. Today, let’s take a look at the S&P/TSX Canadian dividend aristocrats index
MORE ABOUT TODAY’S SCREEN
S&P defines a Canadian dividend aristocrat as a company or trust that has increased cash dividends for at least five years. The security must be listed on the Toronto Stock Exchange and have a minimum market capitalization of $300-million. The index is rebalanced once a year in December. The index is weighted by indicated dividend yield and no stock may be weighted greater than 8 per cent of the index and no trust more than 5 per cent. The Claymore S&P/TSX Canadian Dividend ETF is designed to track this index.
The index currently has 56 members. We’ll sort the list today by highest yield.
WHAT DID WE FIND?
Canadian banks and insurance companies used to be the foundation of consistent dividend growth in the country, but this has clearly changed in the past couple of years. Among the large-cap financial names in the country, only the Power Corp. family of financial services companies, Toronto-Dominion Bank and Bank of Nova Scotia still qualify for this index.
That said, there is still a reasonable selection of stocks and trusts that offer consistent payout growth in the country. Almost half of the index has a yield of more than 3 per cent now.
Keep in mind that it can be dangerous to decide to buy a stock or trust because it has a high yield, even if the company has raised payouts consistently in recent history. A high yield can often mean the market believes the payout is about to be cut. More research is definitely required.
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| Member of the S&P/TSX Canadian dividends aristocrats index sorted by highest yield | YTD | One-year | ||||||
| Mar. 16 | 52-week | 52-week | P/E | price chge | price chge | |||
| Company name | Symbol | Price $ | high $ | low $ | Ratio | Yield % | % | % |
| AltaGas Income Trust | ALA.UN-T | 18.62 | 19.29 | 13.33 | 10.3 | 11.6 | -1.0 | 36.4 |
| Bell Aliant | BA.UN-T | 25.90 | 28.40 | 23.60 | 11.4 | 11.2 | -7.6 | 6.3 |
| Parkland Income Fund | PKI.UN-T | 11.70 | 13.64 | 7.18 | 10.8 | 10.8 | -12.7 | 50.4 |
| Davis + Henderson Income Fund | DHF.UN-T | 17.61 | 17.91 | 11.51 | 9.7 | 10.5 | 4.1 | 41.0 |
| Just Energy Income Fund | JE.UN-T | 14.16 | 14.50 | 10.16 | 0.0 | 8.8 | -1.8 | 31.1 |
| CML Healthcare Income Fund | CLC.UN-T | 12.39 | 14.62 | 11.50 | 11.1 | 8.6 | -10.5 | -3.2 |
| Cominar REIT | CUF.UN-T | 19.26 | 20.40 | 12.09 | 35.7 | 7.5 | -0.5 | 54.6 |
| RioCan Real Estate Investment | REI.UN-T | 19.00 | 20.07 | 11.86 | 38.8 | 7.3 | -4.3 | 49.0 |
| Keyera Facilities Income Fund | KEY.UN-T | 26.55 | 28.98 | 14.81 | 11.3 | 6.8 | 8.5 | 76.7 |
| Allied Properties REIT | AP.UN-T | 20.85 | 21.00 | 11.53 | 42.6 | 6.3 | 7.8 | 70.5 |
| AGF Management | AGF.B-T | 18.26 | 18.48 | 7.70 | 49.4 | 5.5 | 7.4 | 121.3 |
| TELUS Corp. | T-T | 35.70 | 37.33 | 29.12 | 10.0 | 5.3 | 4.7 | 7.9 |
| Cdn. Real Estate Investment | REF.UN-T | 28.02 | 29.49 | 19.07 | 19.3 | 4.9 | 3.3 | 28.3 |
| IGM Financial | IGM-T | 43.24 | 45.43 | 28.36 | 21.7 | 4.7 | 2.0 | 39.5 |
| Great-West Lifeco | GWO-T | 27.94 | 28.03 | 15.38 | 16.2 | 4.4 | 3.9 | 74.1 |
| Power Financial Corp. | PWF-T | 32.57 | 32.72 | 18.07 | 95.8 | 4.3 | 4.8 | 73.2 |
| Shaw Communications | SJR.B-T | 20.60 | 22.02 | 17.71 | 16.9 | 4.3 | -4.9 | 8.4 |
| TransCanada Corp. | TRP-T | 37.06 | 37.11 | 29.34 | 17.6 | 4.3 | 2.4 | 20.8 |
| Fortis Inc. | FTS-T | 28.86 | 29.24 | 21.55 | 18.7 | 3.9 | 0.6 | 32.0 |
| Bank of Nova Scotia | BNS-T | 50.20 | 50.37 | 29.94 | 14.6 | 3.9 | 2.0 | 63.3 |
| Power Corp of Canada | POW-T | 30.40 | 31.08 | 17.73 | 276.4 | 3.8 | 4.1 | 57.1 |
| Enbridge Inc. | ENB-T | 48.97 | 49.00 | 35.20 | 11.5 | 3.5 | 0.7 | 29.2 |
| TD Bank | TD-T | 75.01 | 75.04 | 40.95 | 17.6 | 3.3 | 13.7 | 77.3 |
| Intact Financial | IFC-T | 42.68 | 44.71 | 31.28 | 0.0 | 3.2 | 14.9 | 26.7 |
| Thomson Reuters | TRI-T | 37.47 | 38.88 | 30.41 | 35.3 | 3.1 | 10.4 | 21.1 |
| Corus Entertainment | CJR.B-T | 19.30 | 20.47 | 11.24 | 0.0 | 3.1 | -2.8 | 39.3 |
| Canadian Utilities | CU-T | 48.40 | 48.79 | 34.05 | 13.0 | 3.1 | 10.6 | 23.5 |
| Industrial Alliance Ins & Fin | IAG-T | 34.03 | 35.16 | 16.81 | 94.5 | 2.9 | 5.7 | 89.3 |
| Finning International | FTT-T | 17.79 | 19.26 | 10.88 | 23.1 | 2.5 | 6.7 | 56.9 |
| Source: Globe Investor |
