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2014 Canadian Dividend Aristocrats

Dividend AristocratsThe dividend aristocrats list is a very important list for me. It’s my initial starting point when I filter companies for my core portfolio. The list is built based on the companies’ track record which demonstrate a certain management protocol from the board of directors and the companies’ management teams.

At its core, the list highlights companies increasing their dividends annually and it therefore contributes to my compound growth strategy.

Related: 10/10 Rule of Dividend Investing

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

Questrade Democratic Pricing - 1 cent per share, $4.95 min / $9.95 maxIf you are interested in the dividend aristocrats but you don’t want to buy them separately, you can buy the ETF  CDZ – ISHARES SP TSX CDN DIVIDEND IDX FD (a.k.a Claymore S&P/TSX Canadian Dividend ETF). It’s a good pick for a RESP investment as well since it’s hard to grow that account really fast.

Related: RESP Investment Planning

If you like ETFs, you should know that Questrade offers free ETF transactions. That’s perfect for investing small amount at a time when you get started.

Canadian Dividend Aristocrats List

Below is the list for 2014 sorted alphabetically with the addition and removal highlighted afterwards.

Disclaimer: I do own some of the companies listed in the list. See my Dividend Income for my list of holdings.

Company NameTickerTrend AnalysisPriceDividendYieldMarket Cap (B$)P/E
AGF Management Ltd B NvtgAGF.B$11.74$1.089.20%1.0146.35
Atco Ltd I NvtgACO.X$51.87$0.861.66%5.9714.32
Bank of Nova Scotia HalifaxBNS.TOTrend$63.61$2.483.90%77.2812.34
BCE IncBCE.TOTrend$48.39$2.334.82%37.5519.02
Bird Construction Inc.BDT.TOTrend$13.45$0.241.78%0.5718.27
Boyd Group Income FundBYD.UN$33.55$0.481.43%0.51#N/A
CAE IncCAE.TOTrend$15.25$0.241.57%4.0122.77
Cameco CorpCCO.TOTrend$26.85$0.41.49%10.6233.34
Canadian National RailwaysCNR.TOTrend$62.19$11.61%51.4120.14
Canadian Natural ResourcesCNQ.TOTrend$41.59$0.81.92%45.3020.54
Canadian Pacific Railway LtdCP.TOTrend$173.19$1.40.81%30.3934.9
Canadian Real Estate Inv TrstREF.UN$43.59$1.683.85%3.0035.15
Canadian Tire Corp Ltd A NvtgCTC.A$99.52$1.761.77%7.9614.39
Canadian Utilities Ltd A NvtgCU.TOTrend$39.29$1.082.75%10.2618.78
Canadian Western BankCWB.TOTrend$36.09$0.762.11%2.8815.34
CCL Industries Inc BCCL.B$92.90$0.880.95%3.1930.76
Cineplex Inc.CGX.TOTrend$41.48$1.443.47%2.6131.46
Cogeco Cable IncCCA.TOTrend$55.29$1.22.17%2.7114.07
Cogeco IncCGO.TOTrend$52.80$0.881.67%0.8912.94
Computer Modelling Group LtdCMG.TOTrend$29.94$0.722.40%1.1743.56
Constellation Software Inc.CSU.TOTrend$265.48$4.241.60%5.6356.45
Corus Entertainment Inc B NvtgCJR.B$24.66$1.084.38%2.098.02
Dorel Industries BDII.B$36.02$1.243.44%1.1513.91
Emera IncEMA.TOTrend$32.97$1.444.37%4.6720.16
Empire Co Ltd A NvtgEMP.A$70.22$1.041.48%8.8914.69
Enbridge IncENB.TOTrend$48.63$1.42.88%40.4445.96
Enbridge Income Fund Holdings Inc.ENF.TOTrend$25.49$1.385.41%1.4416.41
Enghouse Systems LimitedESL.TOTrend$34.50$0.320.93%0.9037.59
Ensign Energy ServicesESI.TOTrend$17.59$0.482.73%2.7017.93
Evertz Technologies LtdET.TOTrend$17.76$0.643.60%1.3227.29
Exchange Income CorporationEIF.TOTrend$21.10$1.687.96%0.4550.26
Finning Intl IncFTT.TOTrend$30.21$0.61.99%5.2015.53
Fortis IncFTS.TOTrend$30.63$1.284.18%6.5318.79
Franco-Nevada CorpFNV.TOTrend$56.26$0.240.43%8.27130.33
Genworth MI Canada IncMIC.TOTrend#N/A#N/A#N/A#N/A
Gluskin Sheff + AssociatesGS.TOTrend$31.78$0.82.52%0.9410.81
High Liner Foods IncHLF.TOTrend$46.94$0.761.62%0.8018.93
Home Capital Group IncHCG.TOTrend$88.66$1.281.44%3.0812.08
IGM Financial IncIGM.TOTrend$54.65$2.163.95%13.7918.11
Imperial Oil LtdIMO.TOTrend$50.70$0.521.03%42.9715.24
Intact Financial CorporationIFC.TOTrend$66.91$1.922.87%8.8021.64
Jean Coutu Group Inc A SubvtgPJC.A$21.99$0.361.64%6.4610.79
Keyera Corp.KEY.TOTrend$66.35$2.43.62%5.2635.57
Laurentian Bank CanadaLB.TOTrend$45.59$2.044.47%1.3111.46
Major Drilling Group Intl IncMDI.TOTrend$9.50$0.22.11%0.75#N/A
Methanex CorpMX.TOTrend$78.76$0.881.12%7.5721.01
Metro Inc.MRU.TOTrend$62.65$1.21.92%5.568.64
Northern Property REITNPR.UN$28.89$1.565.40%0.923.77
Pason Systems IncPSI.TOTrend$28.71$0.62.09%2.36104.98
Ritchie Bros Auctioneers IncRBA.TOTrend$24.75$0.562.26%2.6529.19
Rogers Communications Inc BRCI.B$43.64$1.844.22%22.4613.53
Saputo IncSAP.TOTrend$56.07$0.921.64%10.9221.54
Shaw Communications Inc BSJR.B$26.13$1.084.13%11.9215.86
ShawCor Ltd ASCL.TOTrend$45.20$0.481.06%5.4010.75
Shoppers Drug Mart IncSC.TOTrend$60.70$1.121.85%12.1620.42
SNC – LAVALIN GROUP INC.SNC.TOTrend$48.45$0.961.98%7.36192.84
Stella-Jones Inc.SJ.TOTrend$26.76$0.20.75%1.8420.49
Suncor Energy IncSU.TOTrend$36.91$0.922.49%54.5614.23
TELUS CorpT.TOTrend$38.56$1.443.73%48.0419.17
Thomson Reuters CorporationTRI.TOTrend$37.84$1.483.91%30.98237.29
Tim HortonsTHI.TOTrend$60.79$1.282.11%8.4021.9
Toronto-Dominion BankTD.TOTrend$50.47$1.883.72%92.9614.04
TransCanada CorpTRP.TOTrend$49.30$1.923.89%34.8820.39
Transcontinental A SubvtgTCL.A$15.05$0.563.72%1.17#N/A
Uni-Select IncUNS.TOTrend$28.99$0.521.79%0.6236.2
Wi LAN IncWIN.TOTrend$3.38$0.164.73%0.41#N/A

Dividend Aristocrats Addition

  • BCE Inc
  • Cogeco Inc
  • Enghouse Systems Limited
  • Franco-Nevada Corp
  • Gluskin Sheff + Associates
  • High Liner Food Inc
  • Uni-Select Inc
  • Wi LAN Inc

Dividend Aristocrats Removal

  • Reitmans Canada Ltd A
  • Talisman Energy Inc
  • Ag Growth International Inc
  • Atlantic Power Corporation
  • Barrick Gold Corp

Disclaimer

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.

“Image courtesy of cooldesign – FreeDigitalPhotos.net”.

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3 Responses to "2014 Canadian Dividend Aristocrats"

  1. Finally a list!

    I’ve never been interested in Canadian stocks.
    Only the Bank of Nova Scotia has been known to me!

    This is a great overview of Canadian stocks.
    This list can work very well and complement my watchlist with interesting companies​​.

    Thank you!

    Best whishes!
    D-S

  2. David says:

    Would agree with you PIE, the Dividend Aristocrats list is only a start. Quite a few I would not touch with a barge pole. Regardless of yield. Some have payout ratios that are rather shameful. Not sure how they stay on the list, which is very weak to begin with. 5 years, phhft. Surely we can do better than that.

    Like your 10/10 rule.

    David

  3. Henry says:

    Own 12 but as David says would ignore many. I would not limit selection to those with on a 5 yr history. Depending upon your age (I’m 71) low yield stocks will take a long time to generate much income regardless of their growth rate.

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