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 π ).
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 May 2012):
If you want to look at their trading trend, you can try Trend Analysis, a free stock trend anaylis tool provided by INO.
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Ticker Name Price Dividend Yield Payout Ratio PE_RATIO
DGI Data Group Inc/Canada 5.2 12.51 283.82 21.67
ERF Enerplus Corp 18.83 11.47 355.05 22.69
NFI New Flyer Industries Inc 7.56 11.39 136.35 N/A
JE Just Energy Group Inc 13.09 9.47 29.45 77
GCL Colabor Group Inc 7.72 9.33 361.45 22.06
PGF Pengrowth Energy Corp 9.11 9.22 330.09 24.62
AIF Altus Group Ltd/Canada 6.58 9.12 N/A N/A
ZAR Zargon Oil & Gas Ltd 13.18 9.1 430.06 N/A
WB Whistler Blackcomb Holdings Inc 10.86 8.98 420.87 57.16
FRU Freehold Royalties Ltd 19.17 8.76 182.72 19.36
DR Medical Facilities Corp 12.9 8.53 N/A N/A
STB Student Transportation Inc 6.66 8.35 2031.88 N/A
ATP Atlantic Power Corp 14.1 8.16 N/A N/A
SPB Superior Plus Corp 7.38 8.13 N/A N/A
PSN Poseidon Concepts Corp 13.31 8.11 61.38 N/A
AGF/B AGF Management Ltd 13.63 7.92 88.59 11.45
MKP MCAN Mortgage Corp 13.85 7.76 103.68 8.24
BNP Bonavista Energy Corp 18.57 7.75 145.81 20.63
FN First National Financial Corp 16.12 7.75 N/A 14.39
NAE NAL Energy Corp 7.79 7.7 N/A 33.87
IBG IBI Group Inc 14.73 7.49 156.95 12.66
PHX PHX Energy Services Corp 9.72 7.41 190.26 19.84
GH Gamehost Inc 12.05 7.3 125.32 17.26
PKI Parkland Fuel Corp 14.01 7.28 137.8 42.45
BA Bell Aliant Inc 26.24 7.24 132.35 17.38
CFX Canfor Pulp Products Inc 12.31 7.15 58.67 12.19
FC Firm Capital Mortgage Investment Corp 13.22 7.08 100 14.15
ECI EnerCare Inc 9.51 7.07 903.84 33.96
CLC CML HealthCare Inc 10.71 7.05 101.23 12.03
LW Leisureworld Senior Care Corp 12.09 7.03 N/A N/A
TA TransAlta Corp 16.58 7 66.9 13.93
LNV Longview Oil Corp 9 6.67 91.07 20
PBN PetroBakken Energy Ltd 14.46 6.64 85.88 14.18
PBH Premium Brands Holdings Corp 17.79 6.61 177.08 22.52
VNR Valener Inc 15.17 6.59 122.28 19.45
CUS Canexus Corp 8.3 6.59 4649.17 31.92
VSN Veresen Inc 15.26 6.55 302.64 49.23
MSI Morneau Shepell Inc 11.9 6.55 150.15 23.33
GMP GMP Capital Inc 6.19 6.46 130.57 15.87
DH Davis & Henderson Corp 19.28 6.43 69.59 11.98
WJX Wajax Corp 50.82 6.38 55.78 13.44
CPG Crescent Point Energy Corp 43.35 6.37 383.51 81.79
EIF Exchange Income Corp 25.5 6.35 130.63 19.77
PWT Penn West Petroleum Ltd 17.08 6.32 79.31 12.47
BNE Bonterra Energy Corp 50.6 6.17 134.85 23
RSI Rogers Sugar Inc 5.55 6.13 73.98 18.5
NPI Northland Power Inc 17.65 6.12 N/A N/A
COS Canadian Oil Sands Ltd 23.05 6.07 46.59 9.64
LIQ Liquor Stores N.A. Ltd 17.97 6.01 99.84 19.32
SLF Sun Life Financial Inc 24.06 5.99 N/A 267.33
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No more Yellow Page YLO? π
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 π 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 $5 next time in order to avoid smaller companies.
@ IS,
I should definitely take a closer look and post the result of my analysis in my next newsletter. thx for the idea!
@ Passive Income Earner,
yeah, I noticed that too… this is weird, I ‘ll see what happened when I imported the data to the blog…
Hey PB – who’s on your watch list, from this list?
PBH might be a nice pick-up for the TFSA in 2011?
“PB” – sorry, fast fingers….”FB” π
What is the payout ratio based on? I know for PBH it’s 71% based on distributable cashflow for a rolling 12 month period.
@ Financial Cents,
I will actually get more into the study of those stocks since we have purchased The Dividend Guy Blog. I’ll definitely talk about them shortly π
@ Arnold,
Payout ratio = Dividend per share / earnings per share
In the past year, the company made 1.06$ of earnings and paid out 1.18$…so that does come out to a payout ratio over 1
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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.