It’s time again for my monthly CANADIAN DIVIDEND KINGS list. It’s not always easy to dig through the mountains of information to try to find some hidden gems out there. Hopefully, to make it easier, I have compiled a list of the best Canadian dividend stocks using some basic metrics. My hope is that this list provides a starting point for you to do you own research.

About my list

There are over 1500 stocks on the TSX and only 14 made my November list. As you can see by the list below, it’s not easy being a Canadian Dividend King and these stocks all had to pass a series of test to make it on the list.

The Criteria

1. The company must have 5 or more years of uninterrupted dividend growth.
2. The company must have a Graham number greater than its current share price.
3. Its payout ratio must be under 70%
4. Its P/E ratio must be under 15
5. The company must have a price to book ratio under 2

NOVEMBER CANADIAN DIVIDEND KINGS

	Ticker	Streak	Yield	Price	Graham Value	P/E	EPS	Annual Dividend	Payout %Ratio	P/Book	Div/Gr 5-yr
1	CWB.TO	24	3.61	$25.45	$34.38	11.31	2.25	0.92	40.89	1.09	5.4
2	HCG.TO	17	3.62	$26.55	$46.05	6.74	3.94	0.96	24.37	1.11	13.3
3	TCL-A.TO	14	4.12	$17.94	$27.10	7.41	2.42	0.74	30.58	1.33	4.9
4	SJR-B.TO	13	4.46	$26.58	$27.76	9.60	2.77	1.19	42.78	2.15	33.2
5	ACD.TO	10	4.02	$8.96	$13.99	8.87	1.01	0.36	35.64	1.04	8.0
6	XTC.TO	10	2.43	$11.50	$12.56	10.36	1.11	0.28	25.23	1.82	33.7
7	LB.TO	8	4.84	$49.57	$61.51	14.33	3.46	2.40	69.36	1.02	4.6
8	MIC.TO	7	5.77	$29.13	$58.60	7.41	3.93	1.68	42.75	0.75	4.5
9	WJA.TO	6	2.55	$21.95	$29.38	9.30	2.36	0.56	23.73	1.35	6.0
10	EQB.TO	5	1.59	$52.84	$92.01	6.93	7.62	0.84	11.02	1.07	13.9
11	TFI.TO	5	2.50	$30.43	$48.69	4.62	6.58	0.76	11.55	1.90	21.7
12	GRT-UN.TO	5	5.77	$42.20	$60.11	10.27	4.11	2.44	59.27	1.08	12.7
13	CM.TO	5	4.82	$100.50	$112.20	9.76	10.30	4.84	46.99	1.85	10.6
14	BNS.TO	5	4.11	$72.08	$73.20	12.76	5.65	2.96	52.39	1.71	10.5

1. Canadian Western Bank.  Banks
2.  Home Capital Group. – Banks
3. Transcontinental.- Publishing
4. Shaw Communications. -Communications (new)
5. Accord Financial Corp. -Credit Service
6. Exco Technologies.-Auto Parts
7. Laurentian Bank. – Regional – Canada (new)
8. Genworth MI. -Insurance (new)
9. Westjet Airlines Ltd. -Airlines
10. Equitable Group. – Finance
11. Transforce Inc. Trucking
12. Granite Real Estate Investment Trust REIT. – Industrial
13. Canadian Imperial Bank of Commerce.-Banks
14. Bank of Nova Scotia.- Banks

New to the list

• Laurentian Bank Of Canada.. Banks Regional

The Laurentian Bank of Canada is a Schedule 1 bank that operates primarily in the province of Quebec, with commercial and business banking offices located in Ontario, Alberta, British Columbia and Nova Scotia.

• Genworth MI Canada Inc. Insurance

Genworth MI Canada Inc., through its subsidiaries, operates as a private residential mortgage insurer in Canada. It underwrites mortgage default insurance to residential mortgage lenders, brokers, homebuyers, and realtors.

• Shaw Communications. Communications

Shaw Communications Inc., a diversified communications and media company, provides broadband cable television, Internet, digital phone and telecommunications services, direct-to-home (DTH) satellite services and satellite distribution services, and programming content in Canada and the United States.

Off the list

• Toronto Dominion Bank.-Banks
• National Bank Banks – Banks Regional

Final Thoughts

The best way to use my Canadian Dividend Kings list is as a starting point for your own research.

Don’t feel confined to my methods. Look up the values that mean the most to you. Like any screening method , the purpose of the Canadian Dividend Kings list is to help you dig through the stock market to find some hidden gems, which can then be further research by you.

Disclosure. I’m long CWB and SJR.B. I may or may not purchase shares in any of the stocks in the near future.

Resources from: Morningstar, Google Finance, Zacks,

Canadian dividend champion list provided and maintained by dividendgrowthinvestingandretirement