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Mikael Heroux July 27, 2010, 4:00 am

Best 50 Canadian Dividend Stocks

by: The Financial Blogger    Category: Canadian Dividend Stocks
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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.

TickerNameINDUSTRY_SUBGROUPPriceDividend YieldPayout Ratio
CFXCanfor Pulp Products IncPaper&Related Products16.3318.37101.2
GDIGeneral Donlee Canada IncMiscellaneous Manufactur6.7615.9896.02
SPBSuperior Plus CorpRetail-Propane Distrib11.1814.49216.98
FMDFuturemed Healthcare Products CorpDisposable Medical Prod7.2112.83123.98
CHR/BChorus Aviation IncAirlines5.09211.78110.96
ARFArmtec Infrastructure IncSteel Pipe&Tube18.3511.76101.47
SRQ-UScott's Real Estate Investment TrustREITS-Single Tenant7.3111.65N/A
WEQ-UWesternOne Equity Income FundPrivate Equity5.1811.58736.11
YLOYellow Media IncPublishing-Periodicals5.7111.41148.58
AIFAltus Group Ltd/CanadaConsulting Services10.9810.93677.8
NFI-UNew Flyer Industries IncAuto-Med&Heavy Duty Trks11.919.82N/A
VICVicwest IncBldg&Construct Prod-Misc16.639.38102.04
EATPrime Restaurants IncRetail-Restaurants5.139.36N/A
ECIEnerCare IncRental Auto/Equipment7.38.88246.67
DR-UMedical Facilities CorpMedical-Hospitals12.618.73N/A
DHDavis & Henderson Income CorpPrinting-Commercial21.128.7194.08
AVFAvenEx Energy CorpOil Comp-Explor&Prodtn6.28.71130.6
CPA-UCapital Power Income LPElectric-Generation20.328.65182.01
WTE-UWestshore Terminals Investment CorpStorage/Warehousing22.68.5985.94
PKIParkland Fuel CorpOil Refining&Marketing12.098.44128.15
JEJust Energy Group IncGas-Distribution14.748.4268.54
SRV-USIR Royalty Income FundRetail-Restaurants11.848.41101.88
CWACoast Wholesale Appliances IncRetail-Appliances58.483.95
EXE-UExtendicare Real Estate Investment TrustREITS-Health Care10.38.1676.48
STBStudent Transportation IncTransport-Services6.848.131076.89
RPI-URichards Packaging Income FundDistribution/Wholesale9.728.0928.01
CHE-UChemtrade Logistics Income FundAlternative Waste Tech14.878.0778.86
EIFExchange Income CorpDiversified Operations19.67.96108.25
AX-UArtis Real Estate Investment TrustREITS-Diversified13.567.96N/A
WRK-UWhiterock Real Estate Investment TrustREITS-Diversified14.27.9N/A
MPTMacquarie Power & Infrastructure CorpElectric-Generation8.397.87465.53
PZA-UPizza Pizza Royalty Income FundRetail-Restaurants8.947.84105.56
GHGamehost IncCasino Hotels11.37.78126.84
CWXCanWel Building Materials Group LtdDistribution/Wholesale5.167.75107.05
VSNVeresen IncPipelines12.967.71362.15
ADAlaris Royalty CorpInvest Mgmnt/Advis Serv13.257.751.84
ZARZargon Oil & Gas LtdOil Comp-Explor&Prodtn21.987.641690.33
FRUFreehold Royalties LtdOil Comp-Explor&Prodtn22.2357.56222.05
FCFirm Capital Mortgage Investment CorpFinance-Mtge Loan/Banker12.47.55100
PBHPremium Brands Holdings CorpFood-Meat Products15.797.45109.7
BRBig Rock Brewery IncBrewery16.137.4490.51
CHWChesswood Group LtdFinance-Leasing Compan8.097.4290.34
RMM-URetrocom Mid-Market Real Estate Investment TrustREITS-Diversified6.17.38N/A
BREBrookfield Real Estate Services IncReal Estate Mgmnt/Servic15.047.36247.86
CUP/UCaribbean Utilities Co LtdElectric-Generation9.17.2898.7
MSIMorneau Shepell IncConsulting Services10.677.28356.86
KEG-UKeg Royalties Income Fund/TheRetail-Restaurants13.47.16100.02
ATPAtlantic Power CorpElectric-Generation15.287.16N/A
IBGIBI Group IncEngineering/R&D Services15.457.15148.15
PPLPembina Pipeline CorpPipelines21.8557.14143.33

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Comments

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.

by: The Financial Blogger | July 31st, 2010 (8:54 am)

@ 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 ;-)

by: The Financial Blogger | July 31st, 2010 (8:54 am)

@ 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.

by: The Financial Blogger | April 21st, 2011 (3:46 am)

@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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