First things first, if you are interested in dividend investing, I strongly suggest you to download your free copy of Dividend Investing: How To Build a Never Ending Cash Distributor from The Dividend Guy Blog.
A few weeks ago, I got a comments on our top 10 and top 20 Canadian dividend stocks articles. Cecil was asking to get the top 50 Canadian Dividend Stocks (it seems that you can never get enough of dividend stock picks
).
While I didn’t want to discuss about 50 dividend stocks, I was wondering how to pull an interesting list without containing too much junk stocks into it. This is how I came with a few parameters:
-All Canadian stocks (TSX & Venture)
-Common stock only (no prefs, etf’s, etc, etc)
-”Active stocks” (need some trading volume)
-No stocks under 1$
-Market cap 10M
.
.
So here is the list of the top 50 Canadian Dividend Stocks according to those parameters (please note that data is as of February 2011):
If you want to look at their trading trend, you can try Trend Analysis, a free stock trend anaylis tool provided by INO.
Ticker Name INDUSTRY_SUBGROUP Price Dividend Yield Payout Ratio
CFX Canfor Pulp Products Inc Paper&Related Products 16.33 18.37 101.2
GDI General Donlee Canada Inc Miscellaneous Manufactur 6.76 15.98 96.02
SPB Superior Plus Corp Retail-Propane Distrib 11.18 14.49 216.98
FMD Futuremed Healthcare Products Corp Disposable Medical Prod 7.21 12.83 123.98
CHR/B Chorus Aviation Inc Airlines 5.092 11.78 110.96
ARF Armtec Infrastructure Inc Steel Pipe&Tube 18.35 11.76 101.47
SRQ-U Scott's Real Estate Investment Trust REITS-Single Tenant 7.31 11.65 N/A
WEQ-U WesternOne Equity Income Fund Private Equity 5.18 11.58 736.11
YLO Yellow Media Inc Publishing-Periodicals 5.71 11.41 148.58
AIF Altus Group Ltd/Canada Consulting Services 10.98 10.93 677.8
NFI-U New Flyer Industries Inc Auto-Med&Heavy Duty Trks 11.91 9.82 N/A
VIC Vicwest Inc Bldg&Construct Prod-Misc 16.63 9.38 102.04
EAT Prime Restaurants Inc Retail-Restaurants 5.13 9.36 N/A
ECI EnerCare Inc Rental Auto/Equipment 7.3 8.88 246.67
DR-U Medical Facilities Corp Medical-Hospitals 12.61 8.73 N/A
DH Davis & Henderson Income Corp Printing-Commercial 21.12 8.71 94.08
AVF AvenEx Energy Corp Oil Comp-Explor&Prodtn 6.2 8.71 130.6
CPA-U Capital Power Income LP Electric-Generation 20.32 8.65 182.01
WTE-U Westshore Terminals Investment Corp Storage/Warehousing 22.6 8.59 85.94
PKI Parkland Fuel Corp Oil Refining&Marketing 12.09 8.44 128.15
JE Just Energy Group Inc Gas-Distribution 14.74 8.42 68.54
SRV-U SIR Royalty Income Fund Retail-Restaurants 11.84 8.41 101.88
CWA Coast Wholesale Appliances Inc Retail-Appliances 5 8.4 83.95
EXE-U Extendicare Real Estate Investment Trust REITS-Health Care 10.3 8.16 76.48
STB Student Transportation Inc Transport-Services 6.84 8.13 1076.89
RPI-U Richards Packaging Income Fund Distribution/Wholesale 9.72 8.09 28.01
CHE-U Chemtrade Logistics Income Fund Alternative Waste Tech 14.87 8.07 78.86
EIF Exchange Income Corp Diversified Operations 19.6 7.96 108.25
AX-U Artis Real Estate Investment Trust REITS-Diversified 13.56 7.96 N/A
WRK-U Whiterock Real Estate Investment Trust REITS-Diversified 14.2 7.9 N/A
MPT Macquarie Power & Infrastructure Corp Electric-Generation 8.39 7.87 465.53
PZA-U Pizza Pizza Royalty Income Fund Retail-Restaurants 8.94 7.84 105.56
GH Gamehost Inc Casino Hotels 11.3 7.78 126.84
CWX CanWel Building Materials Group Ltd Distribution/Wholesale 5.16 7.75 107.05
VSN Veresen Inc Pipelines 12.96 7.71 362.15
AD Alaris Royalty Corp Invest Mgmnt/Advis Serv 13.25 7.7 51.84
ZAR Zargon Oil & Gas Ltd Oil Comp-Explor&Prodtn 21.98 7.64 1690.33
FRU Freehold Royalties Ltd Oil Comp-Explor&Prodtn 22.235 7.56 222.05
FC Firm Capital Mortgage Investment Corp Finance-Mtge Loan/Banker 12.4 7.55 100
PBH Premium Brands Holdings Corp Food-Meat Products 15.79 7.45 109.7
BR Big Rock Brewery Inc Brewery 16.13 7.44 90.51
CHW Chesswood Group Ltd Finance-Leasing Compan 8.09 7.42 90.34
RMM-U Retrocom Mid-Market Real Estate Investment Trust REITS-Diversified 6.1 7.38 N/A
BRE Brookfield Real Estate Services Inc Real Estate Mgmnt/Servic 15.04 7.36 247.86
CUP/U Caribbean Utilities Co Ltd Electric-Generation 9.1 7.28 98.7
MSI Morneau Shepell Inc Consulting Services 10.67 7.28 356.86
KEG-U Keg Royalties Income Fund/The Retail-Restaurants 13.4 7.16 100.02
ATP Atlantic Power Corp Electric-Generation 15.28 7.16 N/A
IBG IBI Group Inc Engineering/R&D Services 15.45 7.15 148.15
PPL Pembina Pipeline Corp Pipelines 21.855 7.14 143.33
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No more Yellow Page YLO? ![]()
I don’t know many of the Top 10 companies…@@
Oh well, people should find some Screener tools in their broker web page, like TD Waterhouse has one
I don’t know if Google Screen works well on Canadian stocks, but for US it’s great
Great list!
I have EIF, BCE, TA, and also YLO (as Jerry Hung mentions above).
I heart dividends!
Question about the SLF price…I have watched this stock in the past and I thought ~$11 looked low, it’s currently trading at ~$28 on the TSX. Dividend yield looks right though.
Interesting list but I find it very difficult to trust stocks that trade at 1 or 2$…. especially when it comes to long term dividend growth
And yes, SLF looks off in terms of price, but the other stuff looks good
Actually, the #1 looks attractive and is paying less than its earnings, so I’ll have to look more into it. TFB, did you do some research about it?
Some of the prices aren’t right … CPG trades at 37$ and Telus is near 39$. TransAlta is at 20$. Sorry, I own them so it jumped at me when I saw the price.
I have been watching the TMX Group. It’s basically the Toronto Stock Exchange
It must be getting a fee on all transactions.
@ Jerry, I actually took only stocks, no income trust.
I know that most of this information can be found through stock screener but you know how easy it is when you just have to look at the chart? hehehe!
I might take stocks only over $5 next time in order to avoid smaller companies.
@ IS,
I should definitely take a closer look and post the result of my analysis in my next newsletter. thx for the idea!
@ Passive Income Earner,
yeah, I noticed that too… this is weird, I ‘ll see what happened when I imported the data to the blog…
Hey PB – who’s on your watch list, from this list?
PBH might be a nice pick-up for the TFSA in 2011?
“PB” – sorry, fast fingers….”FB”
What is the payout ratio based on? I know for PBH it’s 71% based on distributable cashflow for a rolling 12 month period.
@ Financial Cents,
I will actually get more into the study of those stocks since we have purchased The Dividend Guy Blog. I’ll definitely talk about them shortly
@ Arnold,
Payout ratio = Dividend per share / earnings per share
In the past year, the company made 1.06$ of earnings and paid out 1.18$…so that does come out to a payout ratio over 1
[...] Financial Blogger presents Best 50 Canadian Dividend Stocks posted at The Financial Blogger, saying, “You can never get enough of dividend stock picks, [...]
[...] Financial Blogger presents Best 50 Canadian Dividend Stocks posted at The Financial Blogger, saying, “With the plethora of dividend stocks out there, [...]
[...] Financial Blogger presents Best 50 Canadian Dividend Stocks posted at The Financial Blogger, saying, “With the plethora of dividend stocks out there, [...]
[...] Financial Blogger presents Best 50 Canadian Dividend Stocks posted at The Financial Blogger, saying, “With the plethora of dividend stocks out there, [...]
[...] Financial Blogger presents Best 50 Canadian Dividend Stocks posted at The Financial Blogger, saying, “With the plethora of dividend stocks out there, [...]
Here’s a good article on how to invest in Canadian dividend stocks including bank stocks http://www.high-yield-dividend-stocks.com/canadian-bank-dividends.html
The first week of December 2010 is an earnings week for Canada’s top 6 largest banks and it kicked off to a very good start with National Bank of Canada (Public, TSE:NA) announcing it is increasing its dividend yield on common shares from $0.62 to $0.66 per share, a whopping 6.45%. This increase goes in to effect after the first quarter January 31, 2011 payable on February 1, 2011 to shareholders of common shares on December 23, 2010. The company earned a net profit of $287-million in 4th quarter 2010 or $1.66 per share. This profit & dividend increase (the first time in 3 years for National Bank of Canada) signals the Canadian banking sector is very healthy & strong, as opposed to its US counterparts who are still facing difficulty re-organizing their mortgage backed loans & other credit products.
FYI for people checking this out, this article is from 2010 and is not accurate to date what so ever.
@Wonder,
I’ve actually updated the list in February 2011 but I forgot to edit the text to show the latest update. thx for the reminder, it is now fixed.
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