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Category: The 2012 list is out and ready for your consumption!
Dividend aristocrats are often used to help guide investment decisions or at least filter down to a set of companies that have a proven record of increasing dividends. The most popular list is the U.S. Dividend Aristocrats which requires companies to be part of the S&P500 and to have increased their dividends every year for the past 25 years. That’s no small feat. Imagine the compound growth you get from 25 years of dividend increase.
What you need to do next is research and do your own stock analysis. The aristocrats are a good filter to start with but you often can only buy one at a time and your purchase price still matters.
If you want to get access to some quick stock research on a technical front, try one of the services below:
Canadian Dividend Aristocrats Requirements
The Canadian dividend aristocrats list doesn’t have the same requirements. They are a little softer. In order to become a TSX dividend aristocrat, a company must match the following 3 criteria:
- It must be listed on the Toronto Stock Exchange and be part of the S&P Canada Broad Market Index (BMI).
- It must have increased dividends every year for the past 5 years.
- It must be worth at least Canadian 300 million dollars.
Canadian Dividend Aristocrats List
Company Name | Ticker | Price | Yield | Market Cap (B$) | P/E |
|---|---|---|---|---|---|
| AGF Management Ltd B Nvtg | AGF.B | $11.97 | 8.69% | 1.07 | 42.15 |
| Atco Ltd I Nvtg | ACO.X | $98.86 | 1.05% | 5.69 | 15.39 |
| Cameco Corp | CCO.TO | $23.07 | 1.21% | 9.12 | 62.63 |
| Canadian National Railways | CNR.TO | $106.44 | 1.01% | 45.14 | 18.78 |
| Canadian Natural Resources | CNQ.TO | $31.70 | 1.01% | 34.56 | 20.75 |
| Canadian Pacific Railway Ltd | CP.TO | $141.27 | 0.76% | 24.69 | 44.02 |
| Canadian Real Estate Inv Trst | REF.UN | $46.58 | 3.09% | 3.19 | 41.51 |
| Canadian Utilities Ltd A Nvtg | CU.TO | $79.85 | 1.90% | 10.87 | 19.83 |
| CCL Industries Inc B | CCL.B | $68.07 | 1.00% | 2.32 | 23.00 |
| Cogeco Cable Inc | CCA.TO | $46.27 | 1.47% | 2.26 | 11.34 |
| Cogeco Inc | CGO.TO | $42.50 | 1.13% | 0.72 | 29.12 |
| Corus Entertainment Inc B Nvtg | CJR.B | $24.98 | 2.88% | 2.10 | 16.81 |
| Empire Co Ltd A Nvtg | EMP.A | $69.94 | 1.14% | 4.75 | 12.91 |
| Enbridge Inc | ENB.TO | $48.93 | 4.01% | 40.26 | 65.38 |
| Enbridge Income Fund Holdings | ENF.TO | $26.47 | 4.35% | 1.50 | 17.48 |
| Ensign Energy Services | ESI.TO | $16.43 | 2.19% | 2.52 | 14.22 |
| Finning Intl Inc | FTT.TO | $23.40 | 2.05% | 4.02 | 11.73 |
| Fortis Inc | FTS.TO | $34.14 | 3.28% | 6.58 | 20.49 |
| Home Capital Group Inc | HCG.TO | $54.45 | 1.32% | 1.88 | 8.25 |
| Imperial Oil Ltd | IMO.TO | $40.95 | 1.07% | 34.71 | 9.81 |
| Intact Financial Corporation | IFC.TO | $59.95 | 2.27% | 9.19 | 14.06 |
| Keyera Facilities Income Fund | KEY.UN | #N/A | #N/A | #N/A | #N/A |
| Metro Inc A | MRU.A | #N/A | #N/A | #N/A | #N/A |
| North West Company Inc. | NWF.TO | #N/A | #N/A | #N/A | #N/A |
| Pason Systems Inc | PSI.TO | $17.82 | 3.82% | 1.46 | 36.97 |
| Rogers Communications Inc B | RCI.B | $49.54 | 2.58% | 25.53 | 14.71 |
| Saputo Inc | SAP.TO | $53.00 | 1.21% | 10.43 | 28.07 |
| Shaw Communications Inc B | SJR.B | $24.29 | 3.46% | 10.88 | 14.41 |
| ShawCor Ltd A | SCL.A | $0.00 | #DIV/0! | #N/A | 0.00 |
| Shoppers Drug Mart Inc | SC.TO | $47.31 | 1.86% | 9,554.67 | 16.06 |
| SNC - LAVALIN GROUP INC. | SNC.TO | $42.37 | 1.60% | 6.41 | 21.68 |
| Talisman Energy Inc | TLM.TO | $12.15 | 3.95% | 12.67 | #N/A |
| TELUS Corp | T.TO | $37.91 | 5.49% | 24.78 | 18.67 |
| Thomson Reuters Corporation | TRI.TO | $36.15 | 3.32% | 30.18 | 17.01 |
| Tim Hortons | THI.TO | $57.93 | 0.90% | 8.87 | 22.46 |
| Toromont Industries Ltd | TIH.TO | $23.69 | 2.70% | 1.81 | 15.04 |
| TransCanada Corp | TRP.TO | $50.82 | 3.15% | 35.93 | 25.74 |
| Transcontinental A Subvtg | TCL.A | $12.71 | 3.46% | 1.04 | #N/A |
Addition to the Canadian Dividend Aristocrats List
- Bird Construction Income Fund (BDT.UN) – It recently converted to a corporation.
- Enbridge Income Fund (ENF.UN)
- North West Company Fund (NWF.UN)
- Rogers Communications Inc. (RCI.B)
- Tim Hortons Inc. (THI)
Removal from the Canadian Dividend Aristocrats List
- AltaGas Ltd. (ALA)
- Allied Properties REIT (AP.UN)
- Bell Aliant Regional Communications Income Fund (BA.UN)
- Bank of Nova Scotia (BNS)
- CML Healthcare Income Fund (CLC.UN)
- Canadian Tire Corporation (CTC.A)
- Cominar REIT (CUF.UN)
- Canadian Western Bank (CWB)
- Davis & Henderson Income Fund (DHF.UN)
- EnCana Corporation (ECA)
- Great-West Lifeco Inc. (GWO)
- Industrial Alliance Insurance and Financial Services Inc. (IAG)
- IGM Financial Inc. (IGM)
- Just Energy Income Fund (JE.UN)
- Methanex Corporation (MX)
- Parkland Income Fund (PKI.UN)
- Power Corporation of Canada (POW)
- Power Financial Corporation (PWF)
- RioCan REIT (REI.UN)
- Ritchie Bros. Auctioneers Inc. (RBA)
- Toronto-Dominion Bank (TD)
- Uni-Select Inc. (UNS)
Final Thoughts
Some really good companies were removed from the list. There are a few banks, insurance companies and some energy companies that make up for a large portion of the TSX that were drop due to their inability to increase their dividends in the past year. For some, it’s simply a temporary set back. For others, the road back to be a dividend aristocrat may be longer.
Readers: What do you think of the list? Do you use it to filter your investments?
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how can a u.s. citizen invest in canadian stocks, etfs, exchanges? i know several, if not many, of Canadian aristocrats trade on u.s. markets. unfortunately, some are otc or less. i would appreciate a response from the editors of this site by email. thanks much.
Thanks for the question Martin, I just emailed you. For anyone reader, with a discount broker, I believe you should be able to pick the market you want to trade the stock on. All Canadian discount brokers allow us to buy stocks on the US exchange (NYSE or NASDAQ). I believe the option should be there on the US side of brokers as well.
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Don’t forget about GBT.A, which is still increasing..
It is a small company, but for some reason these dividend lists always miss it. It has been a great investment over the past decade – returning 1945%, according to a google stock chart, and that doesn’t include dividends.
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[...] Back in October 2010, the top 10 differes by only one investment. Could you map investor sentiment based on the top 10? Or are those consistent holdings for investors? I know those are consistent holdings for mutual fund companies. Interestingly enough, only one of the top 10 is a Dividend Aristocrat. [...]
The North West Company Inc (NWF.TO) dividend dropped to 0.24 from 0.34.
Thanks for the heads up. It looks like they also just changed their stock symbol to NWC.
[...] The TSX60 is an index that tracks the 60 largest companies trading on the Toronto Stock Exchange as measured by market capitalization. Those are the heavy hitters in Canada and I was curious of their dividend yields and which ones are also part of the Canadian Dividend Aristocrats. [...]
The ETF associated with this index (CDZ) makes up a significant portion of our income portfolio. Does anyone know what stocks have increased dividends for the past 4 years and are potential additions to this index for 2012 ?
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Shaun Thompson recently posted..1
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[...] If you have been following my blog, CNQ is also a pick in my Dividend Growth Index selection. I picked it as I see potential for growth from a technical screening and it has historically been a growth company. It did well in the past months, and based on its 52-week trading range, it has room to move up in the year. It also has a history of increasing dividends as a Canadian Dividend Aristocrat. [...]
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