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Top 20 Dividend Stocks – September 2012

Questrade Democratic Pricing - 1 cent per share, $4.95 min / $9.95 maxIt has been a while since I went over my last dividend stock screening. When I started using my screening, I wasn’t sure how different the results would be over time but it’s clear that we have regular movement. I am by no mean trying to do market timing but knowing that you are buying a stock at a good valuation with good yield is good for a portfolio.

I personally use my stock screening to consider a pick. I don’t pick the top stock unless it matches all my criteria but it definitely helps me with my purchases. Since I switched to RBC Direct Investing, my portfolio can now be compared with any indexes that choose. It’s something that was really difficult to do on my own without tracking all transactions and dates. I am looking forward to have enough data and see how I do in each of my accounts.

If you want to get access to some quick stock research on a technical front, try one of the services below:

Top 20 Dividend Stocks – Technical Screening

The 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.
I currently hold a fair amount of PWF and I drip 2 shares per quarter. I am fine with the current value considering the state of the life insurance sector. On my buy list, I have Intel (INTC) reaching a good entry point from my point of view. They aren’t a Dividend Aristocrat but they sure behave like one :) Teck Resources and Barrick Gold are new addition to my list. They are large resource companies and I wanted to see how they faired in my screening and they appear to be well valued at the moment.
TickerCompanyQuote52 Week RatioP/EMarket CapDividendYieldPayout RatioValue Metric
PWF.TOPower Financial$24.8418.68%10.617.59$0.355.64%59.83%5.41
CATCaterpillar$85.3336.00%9.5455.74$0.442.06%19.69%5.28
TCK.BTeck Resources$27.242.39%8.2915.96$0.402.94%24.32%5.23
POW.TOPower Corporation$23.5140.03%10.279.67$0.294.93%50.66%5.18
GWO.TOGreat West Life$21.7742.74%10.320.68$0.315.70%58.77%5.13
BBD.BBombardier$3.5012.27%8.186.14$0.032.86%23.26%5.01
BNS.TOScotia Bank$52.2548.91%10.4559.88$0.574.36%45.60%4.97
ABX.TOBarrick Gold$38.0128.25%9.3538.03$0.202.10%19.66%4.96
BMO.TOBank of Montreal$57.6254.65%10.1637.28$0.725.00%50.79%4.91
NA.TONational Bank$74.0159.67%8.6911.97$0.794.27%37.09%4.87
REI.UNRioCan$27.6268.96%6.758.05$0.125.00%33.74%4.87
SJR.BShaw Communications$20.1637.05%11.868.91$0.084.56%54.12%4.87
INTCIntel Corporation$24.8356.08%10.51124.22$0.233.62%38.14%4.71
CDL.ACorby Distilleries Ltd.$17.0059.32%10.510.48$0.153.53%37.04%4.62
DDDupont$49.7562.01%13.4746.29$0.413.30%44.44%4.58
CNQ.TO* Canadian National Resources$29.9928.38%11.632.84$0.111.40%16.22%4.58
CVE.TOCenovus Energy$32.3031.97%15.3224.41$0.222.72%41.71%4.52
AFL** Aflac$46.1878.25%8.4521.62$0.302.60%21.98%4.49
CUF.UNCominar$24.2076.32%10.352.71$0.125.95%61.54%4.47
POT.TOPotash Corp$40.369.70%14.1334.67$0.141.39%19.58%4.41
The double star (**) highlights a US Dividend Aristocrat and the single star (*) indicates a Canadian Dividend Aristocrat.

Top 20 Dividend Stocks – Dividend Yield

A list purely base on the yield. Don’t let the yield fool you as sometimes it’s an indication of turbulent waters. I don’t put weight on this listing but it’s always nice to see who pays. The higher the yield, the higher the risk.

TickerCompanyQuote52 Week RatioP/EMarket CapDividendYieldPayout RatioValue Metric
ERF.TOEnerplus Corp$15.5421.84%#N/A3.07$0.1813.90%-304.23%#N/A
JE.TOJust Energy$10.9233.26%15.771.52$0.1011.35%179.70%2.29
AGF.B* AGF Management$11.389.47%14.11.09$0.279.49%133.33%2.56
TA.TOTransAlta$14.890.35%#N/A3.42$0.297.79%-41.73%#N/A
BA.TOBell Alliant$26.2942.34%18.675.99$0.487.23%134.75%1.96
KEG.UNThe Keg Royalty Income Fund$14.1577.72%24.670.16$0.086.78%168.42%1.05
CPG.TOCrescent Point Energy$40.9946.48%31.2813.59$0.236.73%210.69%1.55
COS.TOCanadian Oil Sand$21.0440.88%11.3910.19$0.356.65%75.68%2.50
PBH.TOPremium Brands Holding Corp$17.5364.73%20.360.37$0.296.62%134.88%1.44
AX.UNArtis REIT$16.6089.72%6.191.83$0.096.51%40.30%3.21
EIF.TOExchange Income Fund$26.3293.23%22.20.54$0.146.38%141.18%0.73
DH.TODavis + Henderson$19.7791.57%17.671.17$0.316.27%110.71%0.93
SLF.TOSun Life Financial$23.0158.04%#N/A13.67$0.366.26%-197.26%#N/A
CUF.UNCominar$24.2076.32%10.352.71$0.125.95%61.54%4.47
PPL.TOPembina Pipeline$26.7241.71%29.17.71$0.135.84%169.57%3.14
TCL.A* Transcontinental Inc$9.8114.60%#N/A0.80$0.145.71%-44.80%#N/A
GWO.TOGreat West Life$21.7742.74%10.320.68$0.315.70%58.77%5.13
PWF.TOPower Financial$24.8418.68%10.617.59$0.355.64%59.83%5.41
LIQ.TOLiquor Store Income Fund$19.4889.24%17.20.45$0.095.54%95.58%2.47
RSI.TORogers Sugar$6.2080.84%14.470.58$0.095.48%79.07%2.79

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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2 Responses to "Top 20 Dividend Stocks – September 2012"

  1. farcodev says:

    I like PWF too even if I was a bit wary, and worried, these last two days because of the provincial elections (PWF is the only one QC stock I hold in the portfolio), the value is great and they are noted fairly good in my spreadsheet for the dividends and long-term holding.
    Actually my next purchases will be among CTY, GLN, CJR.B and VET, maybe also take back HSE because there’s many development for them for 2013/2014.

  2. Peter says:

    Hey, thanks for this post. As you know, I was looking forward to it! ;)

    Most of the top equities make sense. I didn’t know BNS fared so well on this screen. I may have to consider purchasing it in the near future if it keeps being in this price range. I only have 1 bank at the moment, and that’s probably not enough.

    I am a bit wary on PWF and POW, because it has mutual fund divisions. However, that’s only my opinion. PWF also has a 60% payout ratio, and I doubt they are going to increase that soon.

    Cheers!

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