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Top 20 Dividend Stocks – March 2013

Mortgage RatesI have tweaked my technical screening to include Liability-to-Equity ratio in order to include the companies’ liabilities into the equation. I wanted to assess the strength of the companies by also including the liabilities – just looking at the other metrics wasn’t giving be both sides of the coins. It was interesting to learn about the liabilities and understanding what is acceptable for the different sectors. The energy sector appears to have their liabilities in good control.

If you want to get access to some quick stock research on a technical front, try one of the services below. It’s free and you get technical trends by email.

Top 20 Dividend Stocks – Technical Screening

I will be updating my technical screening system and share a template with my readers. Below, is the updated value that I look at. You may find the range to be wider than necessary but it’s required to have more stocks in the screener to compare. I need to be able to see more stocks in order to compare as trends can come into play.

  • P/E : Target is 15
  • 52 Week Range : The lower in the range the higher the score for an entry point
  • Yield : Normalized up to 6% (this one is manual)
  • Payout Ratio : Between 25% and 65%
  • Market Cap : Bonus multiplier with a target of $20B or more (+/- 10%). I normalize it between 0.9 and 1.1 and use that to multiply my previous total of the first 4 criteria.
  • Liability-to-Equity Ratio : Anything below 1.00 gets a full score and it goes down from there.
TickerCompanyQuoteP/EEPSMarket CapLiability RatioYieldPayout RatioValue Metric
INTCIntel Corporation$21.3310.02$2.13105.500.654.22%42.25%1.03
AAPLApple$461.9110.48$44.10433.760.542.29%24.04%0.95
NA.TONational Bank$75.618.07$9.3712.270.004.39%35.43%0.91
REI.UNRioCan$27.255.97$4.568.200.885.17%30.92%0.91
IMO.TO* Imperial Oil$42.619.63$4.4336.120.791.13%10.84%0.90
MSFTMicrosoft$28.2515.49$1.82236.630.773.26%50.55%0.88
CM.TOCIBC$81.3210.39$7.8332.690.004.62%48.02%0.87
ABT** Abbott Laboratories$33.698.99$3.7552.921.511.66%14.93%0.87
G.TOGoldcorp$34.3317.15$2.0027.880.361.75%30.00%0.85
XOM** Exxon Mobile Corp$89.299.21$9.69400.060.942.55%23.53%0.83
BNS.TOScotia Bank$59.4511.28$5.2770.860.004.24%47.82%0.83
CWT.UNCalloway REIT$29.294.18$7.013.870.785.29%22.10%0.83
POT.TOPotash Corp$40.4216.61$2.4334.960.841.39%23.05%0.82
TD.TOTD Bank$83.9611.86$7.0877.290.003.86%45.76%0.82
BMO.TOBank of Montreal$63.9410.57$6.0541.690.004.63%48.93%0.81
RY.TORoyal Bank$61.3712.05$5.0988.760.004.11%49.51%0.81
HR.UNH&R REIT$23.248.55$2.724.541.313.10%26.47%0.87
LB.TOLaurentian Bank$44.529.08$4.901.260.004.40%40.00%0.79
TCK.BTeck Resources$28.7320.75$1.3816.730.932.78%57.97%0.79
ORCLOracle$31.9814.88$2.15151.400.832.25%33.49%0.79
The double star (**) highlights a US Dividend Aristocrat and the single star (*) indicates a Canadian Dividend Aristocrat.

Top 20 Dividend Stocks – Dividend Yield

This section is mostly for entertainment as many of the yields are above norm usually highlighting a company might be in a position to reduce its dividend payment as Atlantic Power Corporation did recently. In other case, the yield is high but there is little room for stock appreciation and the only return investor get is from the yield.

TickerCompanyQuoteP/EEPSMarket CapDebt RatioYieldPayout RatioValue Metric
AGF.B* AGF Management$11.3539.43$0.291.010.609.52%372.41%0.37
TA.TOTransAlta$14.93--$2.733.861.837.77%-42.49%-
ERF.TOEnerplus Corp$14.95--$0.782.970.777.22%-138.46%-
BA.TOBell Alliant$26.4617.9$1.486.030.007.18%128.38%0.40
CPG.TOCrescent Point Energy$39.3463.67$0.6214.910.407.02%445.16%0.42
AX.UNArtis REIT$15.965.16$3.091.841.146.77%34.95%0.66
COS.TOCanadian Oil Sand$21.2710.52$2.0210.311.256.58%69.31%0.46
PBH.TOPremium Brands Holding Corp$1826.28$0.680.381.996.44%170.59%0.27
CUF.UNCominar$22.688.09$2.82.821.086.35%51.43%0.70
KEG.UNThe Keg Royalty Income Fund$15.2966.22$0.230.170.176.28%417.39%0.22
DH.TODavis + Henderson$21.4718.39$1.171.270.845.96%109.40%0.49
EIF.TOExchange Income Fund$28.4722.94$1.240.581.135.90%135.48%0.44
LIQ.TOLiquor Store Income Fund$18.5419.95$0.930.420.585.83%116.13%0.57
ENF.TO* Enbridge Income Fund$25.1917.04$1.481.300.035.36%91.22%0.50
RSI.TORogers Sugar$6.3517.38$0.370.601.085.35%91.89%0.49
CWT.UNCalloway REIT$29.294.18$7.013.870.785.29%22.10%0.83
MBT.TOManitoba Telecom$32.8412.44$2.642.212.385.18%64.39%0.66
REI.UNRioCan$27.255.97$4.568.200.885.17%30.92%0.91
SLF.TOSun Life Financial$27.9712.29$2.2816.7812.445.15%63.16%0.58
KMPKinder Morgan Energy$88.1553.56$1.6532.901.775.04%269.09%0.38

I maintain a list of my holdings in the Dividend Income section. It does not change very often since I am long with my investments and my dividend investing strategy.

Readers: Are you surprised by the list?

Disclaimer: Please note that this blog post represents my opinion and not an advice/recommendation. I am not a financial adviser, I am not qualified to give financial advice. Before you buy any stocks/funds consult with a qualified financial planner. Make your decision at your own risk – see my full disclaimer for more details.

Image: renjith krishnan / FreeDigitalPhotos.net

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6 Responses to "Top 20 Dividend Stocks – March 2013"

  1. MG says:

    Hello PIE!
    I am somewhat surprised by the yield you are quoting for HR.UN as I see it currently over 5%. Is something amiss here?

    Thanks and regards,
    MG

    • The Passive Income Earner says:

      @MG
      You are right. HR.UN is a hard one to keep up to date as it seems to be increase its dividends monthly. Thanks for pointing it out, I have made the adjustment.

      It would have a normalized value or 0.87 moving it up the list.

      • Bernie says:

        I believe you had it right the first time. HR.UN’s monthly distribution is $0.1125, therefore their yield is well in excess of 5%.

  2. John Roberts says:

    Hi, great work, I am new to this and was wondering if you could share the Google Finance template for screening. Thanks in advance. Keep up with the good work.

    • The Passive Income Earner says:

      @John

      I will share it in a future post. I was working on adding a metric these past weeks and it was a manual process. I will have a post updating my screening and sharing the template.

      Thanks for the interest!

  3. There is definitely more risk on your lower list. AGF and TA in particular, and CPG hasn’t had a profit since 2010. I like some of the other names though, like KEG and ENF.

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