Best Canadian Dividend Growth Stocks
(ranked by the number of increases over the past 5 years)
If you are looking for Dividend Growth you can find it from the banks, the utilities, the railways, the food retailers, the telecos and even in the energy sector. Use this list as a starting point for your research.
6 comments:
Power Financial has a better yield than Power Corp and raised its dividend more frequently over the past 5 years.
Another Increase from Home Capital Group
Nov. 4 /CNW/ - The Board of Directors of Home Capital Group Inc. (TSX: HCG) has approved an increase in the quarterly dividend to 16.0 cents per share on the outstanding Common Shares of the Company, which is equivalent to an annual dividend of 64.0 cents per share.
What do you think of some of the recently converted income trusts that have changed into "high yield corporations"?
Crescent Point Energy and especially Superior Plus (with a 14% yield at ~90% payout. With SPB I am not sure if they are trying to grow into their yields by increasing revenues and profits which will make them seem more modest/sustainable in the future or whether the strategy is to remain high yield in order to get access to equity capital while they plug along in a low growth sector and just bring operational efficiency, scale, industry consolidation etc to the table. SPB is a mini-conglomerate like Fortis in a way ...
Thoughts?
NB: look at their SEDAR and/or corporate income statements if you want to crunch numbers since they converted and purchased Ballard's corporate shell (and the related massive tax losses) they've been able to show a loss while booking gains using the taxes and continue paying the dividend. This makes it very hard for TGAM, BNN, Google, Yahoo, Thomson-Reuters (now proudly Canadian!! haha!) to automatically present their numbers in a useful way for comparison.
Where's Manulife and Husky Energy?
Manulife and Husky are not on the list because both of these stocks cut their dividends in 2009.
Re: Crescent Point and Superior Plus
I really like "high yield corporations". The TSX needs more high yielding dividend stocks. There is a huge demand for these stocks given changing demographics and the proliferation of new income products/funds.
CPG is on my watchlist and I would consider buying it on a pull back. If CPG needs to grow, they can issue new equity. Bay Street likes management and their business model.
SPB is doing a great job in propane, but I am not a fan of SPB's other businesses. SPB has a dominant position in propane. If they were more of a pure play, I would own it. A more conservative way to play SPB is to buy their newly issued convertible debentures. They yield 7 or 8% and give you upside if the stock moves up in the next five years.
Post a Comment