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Top 20 Dividend Stocks – January 2013

Questrade Democratic Pricing - 1 cent per share, $4.95 min / $9.95 maxI have a brand new stock in my value screening this month! It’s a relatively new dividend paying company, an innovative and a trend setting company. It’s also massive and was the largest company in the world until the company failed to impress investors. Guess it yet? Yes, I am tracking Apple and it’s on the list of value stock at the moment.

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 have put together a technical screening system to help me assess good entry points for the stocks I track at a glance. Since my list of stocks is already matching companies I would be happy to own, it makes it easy to filter potential investments. My technical screening is based on 5 criteria that I can easily fetch from Google Finance.

  • P/E : Target is 15
  • 52 Week Range : The lower in the range the higher the score
  • Yield : Normalized up to 6% (this one is manual)
  • Payout Ratio : Under 60%
  • Market Cap : Bonus multiplier with a target of $25B or more (+/- 10%). I normalize it between 0.9 and 1.1 and use that to multiply my previous total of the first 4 criteria.
TickerCompanyQuote52 Week RatioP/EMarket Cap ($B)DividendYieldPayout RatioValue Metric
REI.UNRioCan$26.6732.53%6.877.97$0.1155.17%35.57%5.64
INTCIntel Corporation$21.3721.31%10.02106.34$0.2254.21%42.25%5.55
LMTLockheed Martin Corp.$88.2149.27%10.5528.54$0.753.40%35.89%5.27
ABX.TOBarrick Gold$32.476.76%9.6832.49$0.22.46%23.88%5.12
AAPLApple$456.838.08%10.36428.99$2.652.32%24.04%5.03
LB.TOLaurentian Bank$44.3551.68%8.971.25$0.474.24%37.98%5.03
BPO.TOBrookefield Office Properties$16.5942.20%7.48.36$0.143.38%25.00%5.00
ABT** Abbott Laboratories$33.223.87%8.8752.51$0.141.69%14.93%4.92
CATCaterpillar$98.6552.71%11.6364.51$0.441.78%20.73%4.60
STXSeagate Technology$33.8976.15%4.4811.44$0.384.49%20.08%4.60
MSFTMicrosoft$27.8523.77%15.27233.28$0.233.30%50.55%4.59
MBT.TOManitoba Telecom$33.1747.57%12.522.22$0.4255.13%64.15%4.54
BBD.BBombardier$4.0153.06%9.147.04$0.0252.49%22.73%4.43
IMO.TO* Imperial Oil$43.9343.84%10.1337.25$0.121.09%11.06%4.38
AFL** Aflac$52.4685.30%8.6924.60$0.352.67%23.18%4.36
DDDupont$47.6337.65%18.2944.44$0.413.44%63.08%4.35
WMT** Wal-Mart$69.7561.56%14.35233.33$0.42.29%32.92%4.28
SC.TO* Shoppers Drug Mart$41.4642.02%14.348.52$0.252.41%34.60%4.24
NA.TONational Bank$80.0487.96%8.5912.90$0.793.95%33.91%4.23
BMO.TOBank of Montreal$63.488.74%10.3141.26$0.724.54%46.83%4.20
The double star (**) highlights a US Dividend Aristocrat and the single star (*) indicates a Canadian Dividend Aristocrat.

Top 20 Dividend Stocks – Dividend Yield

High yield stocks can have a place in a portfolio but make sure you know what you are buying and you understand the business of the company. I consider REITs high yield stocks and they pretty much always make it in this table. RioCan (REI.UN) has made it on both tables now and that’s impressive. It is considered the best REIT in Canada.

TickerCompanyQuote52 Week RatioP/EMarket Cap ($B)DividendYieldPayout RatioValue Metric
ERF.TOEnerplus Corp$13.5515.37%#N/A2.68$0.098.02%-131.71%#N/A
AGF.B* AGF Management$10.8231.87%19.521.00$0.279.98%196.36%2.13
ATP.TOAtlantic Power Corp$12.951.21%#N/A1.54$0.19.30%-157.89%#N/A
BA.TOBell Alliant$26.0843.72%17.645.94$0.4757.29%128.38%1.98
CPG.TOCrescent Point Energy$38.6824.72%66.613.54$0.237.14%475.86%1.73
TA.TOTransAlta$16.3733.29%#N/A4.17$0.297.09%-41.88%#N/A
AX.UNArtis REIT$15.9744.74%5.391.76$0.096.76%36.49%4.11
PBH.TOPremium Brands Holding Corp$17.1624.24%25.060.36$0.296.76%170.59%2.10
COS.TOCanadian Oil Sand$21.5848.84%10.5510.46$0.356.49%68.29%2.44
CUF.UNCominar$22.3120.85%10.262.77$0.126.45%66.36%2.96
KEG.UNThe Keg Royalty Income Fund$15.1998.50%69.140.17$0.086.32%436.36%0.25
EIF.TOExchange Income Fund$27.4575.14%22.120.56$0.146.12%135.48%1.06
DH.TODavis + Henderson$21.7595.71%18.21.29$0.315.70%103.33%2.13
LIQ.TOLiquor Store Income Fund$19.1371.40%20.590.44$0.095.65%116.13%2.71
RSI.TORogers Sugar$6.0756.25%19.740.57$0.0855.60%109.68%3.04
PPL.TOPembina Pipeline$29.171.38%31.768.48$0.135.36%169.57%2.38
ENF.TO* Enbridge Income Fund$25.492.76%14.371.01$0.11255.31%76.27%2.52
T** AT&T$34.4856.15%28.41192.43$0.455.22%148.76%2.71
CWT.UNCalloway REIT$29.769.43%15.953.74$0.12915.22%83.29%2.86
REI.UNRioCan$26.6732.53%6.877.97$0.1155.17%35.57%5.64

For a list of my holdings, see the Dividend Income section where I list my dividend holdings monthly with the dividends earned.

Readers: Any of the companies on your watch 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.

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9 Responses to "Top 20 Dividend Stocks – January 2013"

  1. joncosmo says:

    ERF.TO reduced dividend to 0.09 CDN a month during mid-2012.

  2. What do you think about ABBV? ABT split and I’m not sure what to do with both of them. I just left them for now and they are doing allright.

    • The Passive Income Earner says:

      @ Joe

      I have not updated the split in my tracking list and I am not aware of the details of the business being split. It’s always interesting when a new company is created as it will somehow get its own management and define its goals.

  3. gibor says:

    I also have now both ABT and ABBV (I read that ABBV got included in S&P dividend aristocrat list), Still holding them both and they performing similary.

    PIE, you cannot apply regular payout ratio to REIT, you need to use AFFO or FFO in calculation… About week ago I search all REITs on my list, found that AFFO payout combined with yield the best for CUF, AX, HR and bought first 2

  4. jeff says:

    I think you mentioned in one of your earlier entries that you would post a template of your screening system. Did you ever find the time to do that? It would be really helpful.

    Thanks

    • The Passive Income Earner says:

      @jeff
      Thanks for keeping me on my toes! I have made a recent update and will publish it with my next Top 20 this month. Stay tuned!

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