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Category: 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
Ag Growth International Inc AFN.TO $34.95 $0.20 6.87% 0.44 28.93 AGF Management Ltd B Nvtg AGF.B $11.61 $0.27 9.30% 1.04 40.88 Atco Ltd I Nvtg ACO.X $96.50 $0.28 1.16% 5.56 15.02 Atlantic Power Corporation ATP.TO $5.03 $0.10 23.86% 0.60 #N/A Bank of Nova Scotia Halifax BNS.TO $59.23 $0.52 3.51% 80.98 11.24 Barrick Gold Corp ABX.TO $20.12 $0.16 3.18% 20.14 #N/A Bird Construction Inc. BDT.TO $11.96 $0.05 5.02% 0.51 9.3 Cameco Corp CCO.TO $22.42 $0.10 1.78% 8.86 60.86 Canadian National Railways CNR.TO $104.23 $0.32 1.23% 44.20 18.39 Canadian Natural Resources CNQ.TO $31.21 $0.09 1.15% 34.03 20.43 Canadian Pacific Railway Ltd CP.TO $136.84 $0.30 0.88% 23.91 42.64 Canadian Real Estate Inv Trst REF.UN $45.67 $0.12 3.15% 3.13 40.69 Canadian Tire Corp Ltd A Nvtg CTC.A $83.70 $0.30 1.43% 6.78 13.65 Canadian Utilities Ltd A Nvtg CU.TO $77.65 $0.40 2.06% 10.57 19.28 Canadian Western Bank CWB.TO $29.02 $0.15 2.07% 2.54 12.88 CCL Industries Inc B CCL.B $68.64 $0.17 0.99% 2.34 23.19 Cineplex Inc. CGX.TO $34.41 $0.11 3.84% 2.16 18.71 Cogeco Cable Inc CCA.TO $45.82 $0.25 2.18% 2.24 11.23 Cogeco Inc CGO.TO $41.89 $0.18 1.72% 0.71 28.7 Computer Modelling Group Ltd CMG.TO $23.10 $0.11 1.90% 0.87 36.91 Constellation Software Inc. CSU.TO $143.21 $1.01 2.82% 3.03 33.3 Corus Entertainment Inc B Nvtg CJR.B $24.59 $0.07 3.42% 2.07 16.54 Dorel Industries B DII.B $41.05 $0.15 1.46% 1.30 11.69 Emera Inc EMA.TO $36.48 $0.34 3.73% 5.38 18.16 Empire Co Ltd A Nvtg EMP.A $68.50 $0.22 1.28% 4.65 12.65 Enbridge Inc ENB.TO $48.12 $0.28 2.33% 39.59 64.29 Enbridge Income Fund Holdings Inc. ENF.TO $26.11 $0.10 4.73% 1.47 17.24 Ensign Energy Services ESI.TO $16.48 $0.11 2.55% 2.53 14.26 Exchange Income Corporation EIF.TO $26.46 $0.14 6.35% 0.55 21.95 Fairfax Financial Hldgs Ltd FFH.TO $427.26 $10.12 2.37% 26.08 13.36 Finning Intl Inc FTT.TO $23.12 $0.13 2.25% 3.98 11.59 Fortis Inc FTS.TO $33.65 $0.30 3.57% 6.48 20.2 Home Capital Group Inc HCG.TO $53.87 $0.20 1.49% 1.86 8.16 IGM Financial Inc IGM.TO $48.15 $0.54 4.49% 12.13 16.47 Imperial Oil Ltd IMO.TO $40.12 $0.11 1.10% 34.01 9.61 Intact Financial Corporation IFC.TO $60.11 $0.37 2.46% 9.22 14.1 Jean Coutu Group Inc A Subvtg PJC.A $16.94 $0.06 1.42% 3.63 6.64 Keyera Corp. KEY.TO $63.21 $0.17 1.08% 4.94 41.03 Methanex Corp MX.TO $46.22 $0.18 1.56% 4.39 #N/A Metro Inc A MRU $71.20 $0.19 1.07% 6.78 9.09 Northern Property REIT NPR.UN $30.75 $0.13 5.07% 0.99 15.85 Pason Systems Inc PSI.TO $17.44 $0.20 4.59% 1.43 36.18 Reitmans Canada Ltd A RET.A $9.10 $0.20 8.79% 0.59 22.44 Ritchie Bros Auctioneers Inc RBA.TO $21.19 $0.12 2.27% 2.26 28.9 Rogers Communications Inc B RCI.B $48.28 $0.35 2.90% 24.88 14.34 Saputo Inc SAP.TO $52.64 $0.19 1.44% 10.36 27.88 Shaw Communications Inc B SJR.B $23.70 $0.08 4.05% 10.93 14.06 ShawCor Ltd A SCL.A $0.00 $0.08 #DIV/0! #N/A 0 Shoppers Drug Mart Inc SC.TO $46.60 $0.25 2.15% 9,411.28 15.82 SNC - LAVALIN GROUP INC. SNC.TO $41.09 $0.21 2.04% 6.22 21.02 Suncor Energy Inc SU.TO $32.32 $0.11 1.36% 48.88 20.74 Talisman Energy Inc TLM.TO $12.13 $0.14 4.62% 12.65 #N/A TELUS Corp T.TO $37.28 $0.58 6.22% 24.36 18.36 Thomson Reuters Corporation TRI.TO $36.10 $0.32 3.55% 30.14 16.82 Tim Hortons THI.TO $56.39 $0.17 1.21% 8.63 21.87 Toronto-Dominion Bank TD.TO $83.65 $0.68 3.25% 77.00 11.81 TransCanada Corp TRP.TO $49.78 $0.42 3.37% 35.19 25.21 Transcontinental A Subvtg TCL.A $12.71 $0.14 4.41% 1.04 #N/A
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.
Thoughts
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?
It’s nice to see the newcomers as well.
I think the 5-year window is way too short, like you said (especially compared to U.S. aristocrats) but nonetheless, I’d like to own about 50% of the companies above.
My Own Advisor recently posted..Weekend Reading – New blogs, Steadyhand rants and much more edition
It’s definitely a good list to filter stocks against. That’s why I keep it around
Thanks so much for this post! And ya, I agree the length should be 10 years not 5.
@Shawn
Thanks. Glad you find it useful. I don’t mind that they would allow them to skip a year, but 5 years is not very long to create a steady history for a commitment to reward investors.
PIE Great post, and I’m glad you took the time to update us on the Dividend Aristocrats for Canadian stocks.
I know you are a big fan of the 10-10 rule, and apply it to your own investments now. Clearly the longer a company continues to raise its dividend, the stronger the company appears to be.
Interestingly as you remember, American Banks were pulled from the 10-10 rule before the 2008 to 2009 crash, as they didn’t raise their dividends due to financial difficulties before the meltdown. Other US stocks as well – so we know the 10-10 rule has merit.
I’m not sure putting the companies back on the list now makes sense, but then I guess there wouldn’t be an index – too few Canadian companies to choose from
Cheers
Dividend Ninja
[...] Passive Income Earner discusses the 2012 Canadian Dividend Aristocrats. There are plenty of good Canadian dividend paying stocks on this index that would fit nicely in my [...]
Thanks for the list, it really does provide some good ideas for places some places place some of that extra cash that is lying around.
Juan recently posted..American Express Bank Personal Savings Account Review
[...] Passive Income Earner wrote an informative post on the 2012 Canadian Dividend Aristocrats, and the recent changes to the [...]
Great list, PIE. Good job on putting it all together. Like MOA, I’d like to own about half of these companies. This coming year, the plan is to continue to “diverisify” into Canadian dividend-paying equities.
101 Centavos recently posted..Weekend Sweep: No Twinkies for You!
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[...] and will provide me with a good yield in the high 4%. Husky Energy and Power Financials are not Dividend Aristocrats at the moment and the dividend growth is something I will keep a pulse on as I am a huge fan of [...]
[...] and you can easily extrapolate some growth even without changing the stock price. Just look at the dividend aristocrats on both side of the border to see how predictable some of those companies [...]
[...] dividend aristocrats is a very important list for me. I shared the Canadian Dividend Aristocrats list and now is the time to share the over due U.S Dividend Aristocrats. It’s amazing the [...]
Thanks for the analysis, it is very useful.
I believe I’ve found a mistake with Pason Systems Inc. (PSI). Their dividend is showing at $0.20 and is paid twice per year for a total dividend of $0.40 (or $0.44 if you look at MSN Money). Either way, that represents a yield of 2.67% (or 2.94% if you use the MSN number) – not the 5.35% from your table.
Ken
[...] is up already 6%. CNR has a consistent track record of growing its dividend annually making it a Canadian Dividend Aristocrat. With an average dividend growth above 10% annually, it also makes it a member of the 10/10 [...]
Trackbacks are a real pain and not useful in your comments. Maybe you should hide or remove them.
Are the dividends for these stocks paid out at the same frequency? (e.g. quarterly) Thanks!
@Katherine
Not all of them. You have to look into each of them but over 95% of them do quarterly dividends.
[...] a dividend growth perspective, CNQ is a dividend aristocrat and adheres to the 10/10 rule for growing dividends by 10% on average for 10 consecutive [...]
[...] into high yield stocks either as I am much more interested in dividend growth over time with dividend aristocrats. I also want to find stocks that provide me with the 10/10 rule such as Canadian National [...]
[...] The 2012 list is out and ready for your consumption! [...]