It’s never easy being a retail investor trying to dig through the mountains of information searching for a deal. We don’t have a staff to read every company’s financial reports and comb through their balance sheets. Well, fear not, I have done a bit of the heavy lifting to (hopefully) find some diamonds in the rough! This is my list of Canadian Dividend Kings.
About my list
There are over 1500 stocks on the TSX and only 13 made my September 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
- The company must have 5 or more years of uninterrupted dividend growth.
- The company must have a Graham number greater than its current share price.
- Its payout ratio must be under 70%
- Its P/E ratio must be under 15
- The company must have a price to book ratio under 2
SEPTEMBER CANADIAN DIVIDEND KINGS
| Ticker | Streak Years | Div Yield% | Aug 31 price. | Graham Value | TTM P/E | EPS | Annual Divi | Payout Ratio% | P/Book | Div Growth 10year% | |
| 1 | CWB.TO | 24 | 3.49 | $26.33 | $43.11 | 7.17 | 3.67 | 0.92 | 25.07 | 1.17 | 15.7 |
| 2 | HCG.TO | 17 | 3.28 | $29.30 | $45.58 | 7.44 | 3.94 | 0.96 | 24.37 | 1.25 | 26.3 |
| 3 | TCL-A.TO | 14 | 3.85 | $19.20 | $26.63 | 8.07 | 2.38 | 0.74 | 31.09 | 1.45 | 12.3 |
| 4 | ACD.TO | 10 | 3.87 | $9.30 | $14.05 | 9.21 | 1.01 | 0.36 | 35.64 | 1.07 | 6.9 |
| 5 | XTC.TO | 10 | 2.30 | $12.15 | $12.51 | 10.95 | 1.11 | 0.28 | 25.23 | 1.94 | 17.0 |
| 6 | LB.TO | 8 | 4.88 | $49.16 | $61.36 | 13.89 | 3.54 | 2.40 | 67.80 | 1.04 | 6.6 |
| 7 | MIC.TO | 7 | 4.91 | $34.21 | $57.98 | 8.70 | 3.93 | 1.68 | 42.75 | 0.90 | n/a |
| 8 | WJA.TO | 6 | 2.31 | $24.20 | $29.77 | 10.25 | 2.36 | 0.56 | 23.73 | 1.45 | n/a |
| 9 | BNS.TO | 5 | 4.24 | $69.81 | $71.32 | 12.53 | 5.57 | 2.96 | 53.14 | 1.72 | 7.5 |
| 10 | CM.TO | 5 | 4.65 | $104.10 | $112.09 | 10.11 | 10.30 | 4.84 | 46.99 | 1.92 | 5.1 |
| 11 | GRT-UN.TO | 5 | 5.84 | $41.68 | $60.02 | 10.14 | 4.11 | 2.44 | 59.27 | 1.07 | 13.4 |
| 12 | EQB.TO | 5 | 1.41 | $59.50 | $91.44 | 7.81 | 7.62 | 0.84 | 11.02 | 1.22 | 9.0 |
| 13 | TD.TO | 5 | 3.76 | $58.52 | $59.64 | 13.21 | 4.43 | 2.20 | 49.66 | 1.64 | 9.7 |
These are the companies that made it onto the list.
- Genworth MI Canada Inc. Insurance
- Canadian Western Bank. Banks
- Home Capital Group. – Banks
- Equitable Group. – Finance
- Accord Financial Corp. -Credit Service
- Granite Real Estate Investment Trust REIT. – Industrial
- Transcontinental.- Publishing
- Laurentian Bank Of Canada. -Banks
- Westjet Airlines Ltd. -Airlines
- Canadian Imperial Bank of Commerce.-Banks
- Exco Technologies.-Auto Parts
- Bank of Nova Scotia.- Banks
- Toronto Dominion Bank.-Banks
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 may or may not purchase shares in any of the stocks in this post.
Resources from: Morningstar, Google Finance, Zacks,
Canadian dividend champion list provided and maintained by dividendgrowthinvestingandretirement
Thank you for the list; a great reference. One comment about the chart: For those of us who like to print good information, the dark red font color does not print as clearly as black would.
A very experienced investor I know uses this sort: In the following order, sorted for (1) dividend streak >/=8 years, (2) dividend yield >2.8%, (3) 1-Yr, 3-Yr, and 5-Yr DGR >/=5.0% and (4) by the latest dividend increase >/=5.0%. I’m just sharing this information as food for thought, and would appreciate your comments.
Thanks for the heads up on the dark red font. I will look into that in the morning.
The way I personally would rank them is follow the Graham number to decide what the highest intrinsic value is and then research why the stock is trading so cheap.
Changed the font to Black.
Plain boring black 🙁
I been dabbling a tad bit with the market, thanks for this list brother
Fatal Jay recently posted…Why Do You Waste Your Money
For the majority of people I would suggest a couch potato portfolio of ETF’s that require very little research or work. I personally enjoy digging through numbers 🙂
Thanks for reading Jay
Thanks for the list, Steve! I’m always eager for Canadian stock picks, particularly those with a nice yield.
Thanks for reading Jay,
I’m working on my US list now and hope to put these out once a month once I get used to coding table press.
Steve, I love that you’ve put this list together of companies from Canada. Far too much attention is given to the American list – there are some great ones for non-US investors too 🙂
Tristan
Dividends Down Under recently posted…Listed Investment Companies vs Index Funds in Australia
Np Tristan . I plan on updating them for both markets every month. I use this list to find stocks and then dig deeper to see why they are cheap. There is usually a reason.
Awesome list, thanks for taking the time to research these! Being Canadian, I have an extremely strong home bias for stocks.
MrSLM recently posted…Financial Update – August 2016
My pleasure MrSLM.
I use this screen to start me research. I also look at other stuff like current ratio and growth but this is a good starting point. Thanks for reading
Good list of Canadian stocks, most of them are financial related.
I also own few of the stocks mentioned. As a Canadian investor, hard to avoid banks stocks. They perform well in bad and good times. 🙂
Best Regards,
Finance Journey recently posted…Rich vs middle class vs poor people – how they spend their money?
Bank stocks have always been a cornerstone of the TSX.
It’s hard to get away from them but they do look attractive when you compare them to Canadian bonds.