2013 Canadian Dividend Aristocrats

Questrade Democratic Pricing - 1 cent per share, $4.95 min / $9.95 maxSee the new 2014 Canadian Dividend Aristocrats!

A new year, a new Dividend Aristocrats list. :) The S&P is always monitoring the companies on the stock markets to make regular adjustments to all the indexes they cover. The Canadian Dividend Aristocrats list follows the same principle.

As you probably know by now, the dividend aristocrats are very important in my portfolio and I often refer to them as part of my stock picking criteria.

If you want to get technical trend analysis on any Aristocrats, use one of the free services below. You’ll get a free email in your inbox on technical trends. Did I mention free?

Canadian Dividend Aristocrats Requirements

  1. 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. .
  2. 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.
  3. The float-adjusted market capitalization of the security, at the time of the review, must be at least C$ 300 million.
  4. 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 Aristocrats Performance

In 2012, the Canadian Dividend Aristocrats index had a return of 4.27%. How did your investment do? If you really want to invest in the full list of Canadian Dividend Aristocrats, you can buy the ETF CDZ – ISHARES SP TSX CDN DIVIDEND IDX FD (a.k.a Claymore S&P/TSX Canadian Dividend ETF).

Below is the sector allocation of the Canadian Dividend Aristocrats. The sector grouping will be fully adjusted in 2014 to take into account all the changes from the 2009 financial market crisis.

Dividend Aristocrats Sector Allocation


Canadian Dividend Aristocrats List

Company NameTickerPriceDividendYieldMarket CapP/E
Reitmans Canada Ltd ARET.A$11.98$0.206.68%0.7724.25
Thomson Reuters CorporationTRI.TO$28.95$0.324.42%23.93#N/A
Shaw Communications Inc BSJR.B$22.99$0.084.22%10.2014.22
Cineplex Inc.CGX.TO$31.72$0.114.16%1.9619.59
Corus Entertainment Inc B NvtgCJR.B$24.50$0.083.92%2.0513.71
Dorel Industries BDII.B$36.89$0.303.25%1.1611.24
Cogeco Cable IncCCA.TO$37.76$0.262.75%1.8410.9
Canadian Tire Corp Ltd A NvtgCTC.A$68.25$0.301.76%5.5611.11
Tim HortonsTHI.TO$48.50$0.211.73%7.4918.79
Shoppers Drug Mart IncSC.TO$42.33$0.262.46%8.7014.64
Jean Coutu Group Inc A SubvtgPJC.A$14.50$0.071.93%3.145.66
Saputo IncSAP.TO$50.10$0.211.68%9.8726.71
Empire Co Ltd A NvtgEMP.A$59.25$0.241.62%4.0310.8
Metro Inc.MRU$62.65$0.221.40%6.0312.94
Enbridge Income Fund Holdings Inc.ENF.TO$24.02$0.115.62%0.9513.59
Keyera Corp.KEY.TO$49.89$0.184.33%3.8673.28
TransCanada CorpTRP.TO$47.13$0.443.73%33.2324.27
Enbridge IncENB.TO$43.02$0.322.93%34.4141.61
Ensign Energy ServicesESI.TO$15.77$0.112.79%2.4110.89
Pason Systems IncPSI.TO$17.82$0.242.69%1.4616.49
Talisman Energy IncTLM.TO$11.66$0.072.32%11.96#N/A
Cameco CorpCCO.TO$19.74$0.102.03%7.8016.06
Suncor Energy IncSU.TO$33.43$0.131.56%51.1910.95
Canadian Natural ResourcesCNQ.TO$29.54$0.101.35%32.3313.71
Imperial Oil LtdIMO.TO$42.43$0.121.13%35.989.78
ShawCor Ltd ASCL.A$39.00$0.101.03%2.7422.93
AGF Management Ltd B NvtgAGF.B$9.98$0.2710.82%0.9218.01
IGM Financial IncIGM.TO$42.14$0.545.13%10.6414.23
Northern Property REITNPR.UN$30.60$0.135.10%0.98#N/A
Bank of Nova Scotia HalifaxBNS.TO$57.34$0.573.98%67.9310.98
Toronto-Dominion BankTD.TO$82.37$0.773.74%75.4612.17
Canadian Real Estate Inv TrstREF.UN$42.45$0.123.39%2.8840.82
Intact Financial CorporationIFC.TO$64.09$0.402.50%8.5518.05
Canadian Western BankCWB.TO$29.20$0.172.33%2.3013.14
Home Capital Group IncHCG.TO$60.37$0.261.72%2.099.81
Ag Growth International IncAFN.TO$31.21$0.207.69%0.3916.43
Exchange Income CorporationEIF.TO$26.24$0.146.40%0.5421.14
Bird Construction Inc.BDT.TO$13.50$0.065.33%0.5712.25
Transcontinental A SubvtgTCL.A$11.33$0.144.94%0.89#N/A
Ritchie Bros Auctioneers IncRBA.TO$20.77$0.122.36%2.2126.76
Finning Intl IncFTT.TO$25.46$0.142.20%4.3814.49
SNC – LAVALIN GROUP INC.SNC.TO$40.84$0.222.15%6.1721.29
Canadian National RailwaysCNR.TO$90.63$0.381.68%39.1115.03
Canadian Pacific Railway LtdCP.TO$104.99$0.351.33%18.1626.19
Constellation Software Inc.CSU.TO$119.79$0.983.27%2.5435.81
Computer Modelling Group LtdCMG.TO$21.25$0.163.01%0.8034.12
Barrick Gold CorpABX.TO$34.08$0.202.35%34.1010.33
Methanex CorpMX.TO$32.52$0.182.21%3.0623.37
CCL Industries Inc BCCL.B$44.17$0.201.77%1.4915.65
TELUS CorpT.TO$65.08$0.643.93%21.2016.74
Rogers Communications Inc BRCI.B$45.29$0.403.53%23.3415.68
Atlantic Power CorporationATP.TO$11.37$0.1010.55%1.36#N/A
Emera IncEMA.TO$35.13$0.353.99%4.3819.63
Fortis IncFTS.TO$34.58$0.313.59%6.5921.06
Canadian Utilities Ltd A NvtgCU.TO$71.93$0.442.45%9.2116.84
Atco Ltd I NvtgACO.X$80.35$0.331.64%4.6212.29
CAE IncCAE.TO$10.17$0.051.97%2.6416.8
Evertz Technologies LtdET.TO$15.86$0.143.53%1.1616.74
Major Drilling Group Intl IncMDI.TO$10.34$0.101.93%0.828.75
Stella Jones IncSJ.TO$76.11$0.160.84%1.2217.47

Dividend Aristocrats Addition / Removal

Company NameTickerStatusPriceDividendYieldMarket CapP/E
Laurentian Bank CanadaLB.TOAdded$44.11$0.494.44%1.248.92
CAE IncCAE.TOAdded$10.17$0.051.97%2.6416.8
Evertz Technologies LtdET.TOAdded$15.86$0.143.53%1.1616.74
Major Drilling Group Intl IncMDI.TOAdded$10.34$0.101.93%0.828.75
Stella Jones IncSJ.TOAdded$76.11$0.160.84%1.2217.47
Kinross Gold CorpK.TORemoved$9.32$0.081.72%10.62#N/A
Fairfax Financial Hldgs LtdFFH.TORemoved$360.27$10.152.82%7.61#N/A
Cogeco IncCGO.TORemoved$33.81$0.192.25%0.5726.53


All content posted on this blog represents my opinion and views and should never be considered professional advice. You should do your own research and consult with a professional financial advisor before making any investment decisions. Make your decision at your own risk – see my full disclaimer for more details.



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5 Responses to "2013 Canadian Dividend Aristocrats"

  1. John says:

    Does payout ratio or earnings per share factor into these picks?

    • The Passive Income Earner says:


      Not at all. The Dividend Aristocrats are picked based on a fixed criteria and defined by the Standard & Poor which defines many indexes.

  2. Leslie says:

    A minor matter. When I try to sort the list by yield, AGF Management Ltd B Nvtg and Atlantic Power Corporation don’t sort.

  3. gibor says:

    “In 2012, the Canadian Dividend Aristocrats index had a return of 4.27%: – is it include dividends?

  4. terry says:

    This might sound kind of dumb, but I’m a little confused with P/E ratios – I notice that Tim’s has a P/E ratio of 18.79 (which means the stock price divided by the past year’s earnings – posted here as $18.79), but if you take the price of $48.50 and their earnings of .21 (x 4 quarters) you get 48.50 divided by .82, which equals 59.15 ??? So, am I doing this correctly ? Also, it seems to me that if you are buying good quality stocks for dividends, and you’re not concerned with the stock price/fluctuations,then wouldn’t you get more bang for your buck with a stock that had a low P/E ratio ?

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