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Top 20 Dividend Stocks – October 2013

Mortgage RatesIf the Tweeter IPO isn’t particularly interesting to you, I have my Top 20 list for October. It’s the first month in a while that Apple isn’t at the top. I am not surprised by some of the stock on the list either and we have some conglomerates with a buy indicator.

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

My technical screening system has provided me with some good trends over time. Since the markets continue to fluctuates and move in whatever direction the wind blows, I am pleased to see the bargain stocks move up to the top of the list.

The REITs have been talked about plenty on the news recently with the long term interest going up and I believe many have been oversold. I took the opportunity to increase my position in both REI.UN and CUF.UN after taking some profits in SJR.B (Shaw Cable). The strategy of adding is based on partial buy and sell.

Related: Benefits of Partial Buy or Sell

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. That’s why the end value is normalize to 1 in order to weight each criteria effectively. I don’t buy purely from the filter but it does indicate stocks to be on the look out for. Sometimes a dividend increase will give a boost and in other cases, it’s the lower stock price.

I updated my filter to include a Dividend Aristocrat multiplier to surface their exemplary record.

  • 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.
  • Dividend Aristocrat Multiplier : A dividend aristocrat receives a multiplier for its historical performance.
TickerCompanyQuoteP/EEPSMarket CapDividendYieldPayout RatioValue Metric
REI.UNRioCan$24.448.19$2.987.35$0.11755.77%47.32%0.97
XOM** Exxon Mobile Corp$86.9010.95$7.94382.53$0.632.90%31.74%0.89
POT.TOPotash Corp$32.5712.22$2.6628.16$0.36384.47%54.71%0.86
LLYLilly$50.5011.33$4.4656.90$0.493.88%43.95%0.84
RCI.B* Rogers$44.6412.29$3.6322.98$0.4353.90%47.93%0.83
CATCaterpillar$83.8013.22$6.3454.27$0.522.48%32.81%0.81
BPO.TOBrookefield Office Properties$17.296.76$2.569.96$0.143.24%21.88%0.81
AAPLApple$482.7512.06$40.04438.55$3.052.53%30.47%0.81
AGU.TOAgrium$87.469.28$9.4212.91$0.521.19%11.04%0.80
CU.TO* Canadian Utilities$35.4516.04$2.219.43$0.40254.54%72.85%0.80
IBMIBM Corporation$186.9213.29$14.06204.76$0.952.03%27.03%0.79
MRU.TO* Metro$64.748.14$7.956.01$0.251.54%12.58%0.77
EMA.TOEmera$29.8915.43$1.943.96$0.354.68%72.16%0.77
CM.TOCIBC$82.5010.05$8.2133.00$0.964.65%46.77%0.77
INTCIntel Corporation$22.9812.42$1.85114.49$0.2253.92%48.65%0.75
LB.TOLaurentian Bank$45.359.79$4.631.29$0.494.32%42.33%0.75
CWT.UNCalloway REIT$24.233.21$7.563.22$0.12916.39%20.49%0.73
AX.UNArtis REIT$14.235.2$2.741.89$0.097.59%39.42%0.73
DPSDr Pepper Snapple Group Inc$44.9815.39$2.929.16$0.383.38%52.05%0.73
FTS.TO* Fortis$31.3219.35$1.627.64$0.313.96%76.54%0.72
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 could simply raise the  red flag yield or show you some good income producing investments as a high yield stock. In recent years, solid high yield stocks have made their way in many portfolios or retirees. Bonds are also not the only option for income producing portfolios and I don’t plan to have a bond ratio to match my age either.

I have DH on my radar for my RESP account. DH is an interesting company tied to the financial industry. All banks use DH for the cheque services (and NO, cheques are not instinct) and many technology services as well. What do you think of DH?

TickerCompanyQuoteP/EEPSMarket CapDividendYieldPayout RatioValue Metric
TA.TOTransAlta$13.4333.33$0.43.88$0.298.64%290.00%0.32
AGF.B* AGF Management$12.6340.29$0.311.10$0.278.55%348.39%0.11
CUF.UNCominar$18.506.10$3.032.33$0.127.78%47.52%0.71
AX.UNArtis REIT$13.995.11$2.741.86$0.097.72%39.42%0.73
ATP.TOAtlantic Power Corp$4.67#N/A-$0.40.56$0.037.71%-90.00%#N/A
EIF.TOExchange Income Fund$21.8019.38$1.130.47$0.147.71%148.67%0.37
BA.TOBell Alliant$25.668.32$3.095.85$0.4757.40%61.49%0.68
CPG.TOCrescent Point Energy$38.53#N/A-$0.0715.02$0.237.16%-3942.86%#N/A
COS.TOCanadian Oil Sand$19.8410.04$1.989.61$0.357.06%70.71%0.46
LIQ.TOLiquor Store Income Fund$15.7419.60$0.80.36$0.096.86%135.00%0.37
KMPKinder Morgan Energy$79.6424.21$3.2934.45$1.326.63%160.49%0.36
PBH.TOPremium Brands Holding Corp$18.8229.33$0.640.40$0.316.59%193.75%0.19
CWT.UNCalloway REIT$24.053.18$7.563.19$0.12916.44%20.49%0.73
ERF.TOEnerplus Corp$16.90#N/A-$0.893.40$0.096.39%-121.35%#N/A
KEG.UNThe Keg Royalty Income Fund$15.1229.96$0.50.17$0.086.35%192.00%0.15
HR.UNH&R REIT$20.858.85$2.355.60$0.10628216.12%54.27%0.70
RSI.TORogers Sugar$5.6514.79$0.380.53$0.0856.02%89.47%0.41
REI.UNRioCan$23.938.02$2.987.20$0.11755.89%47.32%0.97
ENF.TO* Enbridge Income Fund$23.4015.20$1.541.32$0.11255.77%87.66%0.65
BCE.TOBCE$43.4413.88$3.1339.57$0.58255.36%74.44%0.64
T** AT&T$33.7525.48$1.32179.25$0.455.33%136.36%0.60
MBT.TOManitoba Telecom$32.5116.26$22.20$0.4255.23%85.00%0.61
DH.TODavis + Henderson$26.1421.30$1.232.11$0.324.90%104.07%0.37
EMA.TOEmera$29.5215.24$1.943.91$0.354.74%72.16%0.78
CM.TOCIBC$82.069.99$8.2132.82$0.964.68%46.77%0.78

I maintain a list of my holdings in the Stock Holding section. It does not change very often since I am long with my investments and my dividend investing strategy. Have a look at my monthly dividend income since 2010.

If you are researching stocks, here are posts I have written to help others do their own research:

Readers: Any surprises in the list?

Disclaimer: I own a number of stocks listed, see my holdings in the Dividend Income section for a full 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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