Here is the new dividend list as promised!
The list has changed a bit since the last update so here are the details:
- Stocks listed with a blue highlight have had dividend increases since January 2010
- Any yields over 4% are highlighted in green
- I've added 52 week highs and lows to show opportune times to buy
- List will be updated every Friday
I know many of you are wondering how I arrived at my choices for this list. I've chosen 23 stocks that I feel are good dividend growth stocks that have a history of dividend increases. Yes, majority of the banks have yet to increase dividends since 2008-2009 , but investing in Canadian banks is always a sure bet. I know all the Tim Horton zombies are wondering why it's not there and I chose not to include it until it has a bit of dividend growth history. I left out a few good stocks like TransCanada, Telus and Manulife because of the mortal sin they have committed, "Dividendem Slashticus". Perhaps after a few more years of dividend increases and a few rosaries they will be added. I am still skeptical of converted income trusts as their dividends are very unstable. With time and a history of dividend increases, some new corporations might be added.
Hope everyone has a good weekend!
11 comments:
Awesome list. I'm biased though, got 8 of them.
I need FTS in 2011. POW is after that.
Have a good weekend, enjoy the football on Sunday.
Thanks for the list, but I feel there are some errors that need to be pointed out.
First, you state "the banks have yet to pay a dividend since 2008-09". Every one of the Big 5 has consistently paid their quarterly dividends for many years. Perhaps you meant that they hadn't INCREASED their dividends since the economic downturn, but there is a huge distinction between NOT PAYING and NOT INCREASING. Second, you stated that TRP had cut its dividend. The last time TRP cut their dividend was about 10 years ago. At that time, they lowered their dividend from about $1.21 to 80 cents. Since then, they have consistently raised their dividend to the point where they now have an annual dividend of $1.60 per year. I was fortunate to buy TRP when their dividend was at 80 cents and the shares were worth about $11.70. I also set up a DRIP when I bought it. The stock is now worth about $37. The dividend has doubled in 10 years which equates to an increase in dividend of about 7% per year.
The bottom line is that it is important that you do your research before publishing your comments as your readers tend to accept your comments as being factual.
Steve, providing a weekly list is super convenient. Love it!
Thanks for this list - a very useful tool!
Mark: Fortis is a great dividend stock. It was the first stock on my watchlist.
Jh19: Yes I meant dividend increase; I better stop writing posts late at night. As for TransCanada, They have lowered their dividend more then once and that's not acceptable to my investment strategy. Enbridge was able to increase their dividends through that same time period that TRP's was slashed. Since they both transport oil, perhaps TransCanada is not THE best pipeline company to invest in. I left it off the list and still gave them an honorable mention. You make it sound like I told everyone to invest in magic beans or something ;)
Cheryl: I'm glad you like it! Say Hi To John for me, and tell him I had fun working with him on Saturday.
Sustainable PFS: You're welcome! Hope it helps because that's all I'm trying to do.
Great blog! Thank you man!
It would be great if on the spreadsheet you will add Ex-dividend dates and freq of dividend payments.
You should add a column for payout ratio to your list to give it some more colour...
Thanks. Am always looking for good lists like this. Saw that a dividend of a stock I own has increased. Like the idea of payout ratios included. Am adding this blog to my list of regular reads.
Check out this rubish: http://canadiancouchpotato.com/2011/01/24/debunking-dividend-myths-part-3/
Post a comment on Canadian Couch Potato to defend Tom Connolly and Dividend investing.
I would, but Think Dividends already did. There is no point in arguing with Dan because he is very set in his ways of index investing. We will see who wins in the end :P
IMHO it's a good idea to have both dividend stocks, bonds, GIC ... you never know what can happened and if I won't have some fixed-income money, I won't sleep at night. lol
BTW, I have bond ETF that also paying dividends 4,6% and sector ETF that pays similar yield.... so, what the diference?
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