The 2013 Dividend Aristocrats is here!
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. 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 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 as defined by the Standard & Poor’s comity.
- The company’s security is a common stock or income trust listed on the Toronto Stock Exchange and a constituent of the S&P Canada BMI. .
- The security has increased ordinary cash dividends every year for five years, but can maintain the same dividend for a maximum of two consecutive years within that five year period.
- The float-adjusted market capitalization of the security, at the time of the review, must be at least C$ 300 million.
- For index additions, the company must have increased dividend in the first year of the prior five years of review for dividend growth. This rule does not apply for current index constituents.
Canadian Dividend Aristocrat
Addition to the Canadian Dividend Aristocrats List
- AFN - Ag Growth International Inc.
- ATP - Atlantic Power Corporation
- BNS - Bank of Nova Scotia
- ABX - Barrick Gold Corporation
- CTC.A - Canadian Tire Corporation Limited
- CWB - Canadian Western Bank
- CGX - Cineplex Inc.
- CMG - Computer Modelling Group Ltd.
- CSU - Constellation Software Inc.
- DII.B - Dorel Industries Inc.
- EMA - Emera Incorporated
- EIF - Exchange Income Corp.
- FFH - Fairfax Financial Holdings Ltd.
- IGM - IGM Financial Inc.
- PJC.A - Jean Coutu Group (PJC) Inc.
- MX - Methanex Corporation
- NPR.UN - Northern Property REIT
- RET.A - Reitman’s (Canada) Ltd.
- RBA - Ritchie Bros. Auctioneers Incorporated
- SU - Suncor Energy Inc.
- TD - Toronto-Dominion Bank
Removal from the Canadian Dividend Aristocrats List
- NWC - North West Company Inc.
- TI - Toromont Industries Ltd.
It’s nice to see the strong aristocrats are still in the list and newcomers have arrived. The newcomers aren’t necessarily new to the list though since they did not need to wait another 5 years due to the rule change. I wish they would have increased the length to 10 years if they were going to soften the consecutive years in payment. It’s not meant to be an easy list to be on – you really need to earn it in my point of view.
Readers: What do you think of the addition? What do you make of the rules?