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April 27, 2011, 5:00 am

Canadian Dividend Stocks

by: The Financial Blogger    Category: Canadian Dividend Stocks


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. I’ve also created a unique resources about Canadian Dividend Stocks.

Looking for Canadian Dividend Stocks? I recently mentioned that I was working on a dividend investing website. As I was creating its content; I realized something; my top dividend stocks articles on The Financial Blogger were not exactly what you can call “Best Canadian Dividend Stocks”. They were indeed the highest yield dividend stocks on the Canadian stock market, but they were not necessarily what you can call “best investments”. This is why I have decided to upgrade the site and modify my 3 lists of “top Canadian dividend stocks”.

The problem with high yield dividend stocks

There are 2 major problems with what we call “high yield” dividend stocks:

#1 The dividend yield is too high

Have you ever heard the old saying “where there is smoke, there is fire”? This is the exact thought that should cross your mind when you see a very appealing dividend yield. In financial theory, there is one very basic principle; the higher yield comes with higher risk. So if the dividend yield is too high, this Canadian company is probably experiencing some financial difficulties or delivering poor financial results. The stock has either dropped significantly over bad news or the market thinks it won’t be able to sustain its dividend over the long run. In both cases, you should be cautious before buying this “high paying dividend stock”.

#2 The payout ratio goes in the same direction as the dividend yield; too high!

If a company has some financial weaknesses, chances are that its dividend payout ratio is heading higher than 75%. Which means that it won’t be able to keep paying its high dividend or it will have to finance it to maintain such high yield. Receiving high dividend payouts is always fun… as long as you can count on receiving it!

Define “Best Canadian Dividend Stocks”

This is when I came up with the idea of maintaining 3 lists of Canadian Dividend Stocks. But this time, the 3 lists have clear definitions:

Best 10 Canadian Dividend Stocks

In order to find the top 10 Canadian dividend stocks, I had to define important criteria for the selection of my stocks:

–          Dividend minimum yield: 3% (so I ignore low dividend yield stocks)

–          Dividend maximum yield: 7% (so I ignore abnormalities 😉 )

–          Dividend payout ratio: under 60% (so I make sure that dividends will be paid consistently)

–          Dividend growth: minimum of 5% annualized growth over 5 years

–          P/E ratio: under 15

With these criteria, I know I will be able to find the best 10 Canadian Dividend Stocks of the moment. This list will be now updated quarterly and showed on the side bar in the must read section.

Best 20 Canadian Dividend Stocks

In order to find more high quality dividend stocks, I had to loosen up my search criteria. Here’s how I have created the best 20 Canadian Dividend Stocks:

–          Dividend minimum yield: 3%

–          Dividend maximum yield: no maximum

–          Dividend payout ratio: under 80%

–          P/E ratio: under 20

There are obviously some overlaps with the top 10 but it still gives you more options with softer search criteria. The goal of this list is to include stocks that might be overpriced or having a higher dividend payout ratio due to specific and known situations. This can enlarge your scope and give you more options to include Canadian dividend stocks in your portfolio.

Top 50 Canadian Dividend Stocks

The top 50 Canadian Dividend Stocks will keep its original definition: this will be the highest Canadian dividend stocks on the market. These are obviously more risky for investors as the stocks will have abnormally high dividend yields and payout ratios over 100% most of the time. Trading is at your own risk in these cases ;-).

This post was a prelude to the launch of What is Dividend? Dividend investing is an amazing way for young investors to build a solid portfolio by taking less risk. This is why I wanted to create a site where you can learn all about dividends.  Stay tuned as next week, I’ll be explaining how I built my most recent niche website based on dividend investing. This time, I have created a very high quality niche website with no compromises ;-).

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April 1, 2011, 5:00 am

TSX Dividend Yield and Ex-Dividend Date

by: The Financial Blogger    Category: Canadian Dividend Stocks

April’s fool! not this year 😉

here’s the regular first of the month TSX 60 Divdiend Yield and Ex-Dividend Date. I’ll be updating our 2011 Best Stock Pick competition on Monday 😉

TickerNamePriceDividend YieldPayout RatioEx-Date
YLOYellow Media Inc5.5111.8148.584/27/2011
ERFEnerplus Corp30.717.03302.204/06/2011
TATransAlta Corp20.445.68146.335/30/2011
BCEBCE Inc35.225.5962.456/13/2011
SLFSun Life Financial Inc30.474.7350.945/24/2011
ARXARC Resources Ltd26.354.55120.214/27/2011
SJR/BShaw Communications Inc20.444.569.854/13/2011
BMOBank of Montreal62.984.4558.754/28/2011
TRPTransCanada Corp39.314.2790.386/28/2011
TTELUS Corp49.574.2462.0906/08/2011
CMCanadian Imperial Bank of Commerce/Canada83.64.1659.136/27/2011
HSEHusky Energy Inc29.464.0786.965/18/2011
POWPower Corp of Canada/Canada28.734.0461.3206/07/2011
RCI/BRogers Communications Inc35.244.0348.305/11/2011
PWTPenn West Petroleum Ltd26.924.01303.546/28/2011
BNSBank of Nova Scotia59.493.550.104/01/2011
FTSFortis Inc/Canada33.123.585.6105/11/2011
NANational Bank of Canada78.793.3541.46/21/2011
RYRoyal Bank of Canada59.993.3357.264/21/2011
ENBEnbridge Inc59.423.367.2905/11/2011
TRIThomson Reuters Corp38.053.21106.625/18/2011
TDToronto-Dominion Bank/The85.83.0847.604/01/2011
MFCManulife Financial Corp17.183.03N/A5/13/2011
SCShoppers Drug Mart Corp39.862.5133.136/28/2011
COSCanadian Oil Sands Ltd32.672.45101.135/18/2011
ECAEncana Corp33.532.3239.366/13/2011
WNGeorge Weston Ltd66.062.18289.986/13/2011
LLoblaw Cos Ltd38.852.1634.366/13/2011
CVECenovus Energy Inc38.32.0960.526/13/2011
MGMagna International Inc46.482.0810.485/27/2011
CNRCanadian National Railway Co73.151.7823.9106/07/2011
CPCanadian Pacific Railway Ltd62.321.7327.456/22/2011
CTC/ACanadian Tire Corp Ltd64.351.7116.274/27/2011
MRU/AMetro Inc46.21.6717.665/16/2011
BAM/ABrookfield Asset Management Inc31.511.621.614/27/2011
THITim Hortons Inc43.971.5514.55/25/2011
SNCSNC-Lavalin Group Inc55.241.5223.55/18/2011
SAPSaputo Inc43.761.4631.0907/07/2011
BBD/BBombardier Inc7.131.423.1905/11/2011
CCOCameco Corp29.161.3721.46/28/2011
TCK/BTeck Resources Ltd51.391.1715.8606/10/2011
TLMTalisman Energy Inc23.971.0462.2506/01/2011
YRIYamana Gold Inc11.980.9814.286/28/2011
AEMAgnico-Eagle Mines Ltd64.450.9732.525/27/2011
FMFirst Quantum Minerals Ltd125.420.96N/A04/12/2011
ABXBarrick Gold Corp50.390.9413.835/27/2011
GILGildan Activewear Inc31.820.9305/20/2011
SUSuncor Energy Inc43.480.9222.7306/01/2011
IMOImperial Oil Ltd49.540.8916.4706/01/2011
NXYNexen Inc24.170.8318.1806/08/2011
GGoldcorp Inc48.340.8311.1204/12/2011
CNQCanadian Natural Resources Ltd47.940.7519.2106/08/2011
KKinross Gold Corp15.280.649.158/29/2011
ELDEldorado Gold Corp15.810.63008/10/2011
POTPotash Corp of Saskatchewan Inc57.190.486.5204/12/2011
IMGIAMGOLD Corp21.370.3810.6612/20/2011
IMNInmet Mining Corp68.150.293.125/25/2011
AGUAgrium Inc89.530.122.336/15/2011
VRXValeant Pharmaceuticals International Inc48.40N/A5/31/2011
RIMResearch In Motion Ltd54.8300N/A

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March 1, 2011, 5:00 am

TSX Dividend Yield and Ex-Dividend Date

by: The Financial Blogger    Category: Canadian Dividend Stocks

March 1st already! I hope you thought of contributing your to your RRSP… if you didn’t you still have by the end of the day 😉

Here’s the TSX dividend yield and Ex-dividend date, enjoy!

TickerNamePriceDividend YieldPayout RatioEx-Dividend
YLOYellow Media Inc5.5711.68148.583/29/2011
ERFEnerplus Corp31.726.81302.23/8/2011
TATransAlta Corp20.555.64146.335/30/2011
BCEBCE Inc36.025.4774.183/11/2011
BMOBank of Montreal61.964.5258.754/27/2011
SLFSun Life Financial Inc32.274.4650.945/24/2011
SJR/BShaw Communications Inc20.694.4569.853/11/2011
TTELUS Corp48.154.3662.093/9/2011
TRPTransCanada Corp39.044.390.383/29/2011
CMCanadian Imperial Bank of Commerce/Canada82.194.2359.133/24/2011
ARXARC Resources Ltd28.44.23120.213/29/2011
RCI/BRogers Communications Inc34.34.1448.253/16/2011
HSEHusky Energy Inc29.97486.963/21/2011
POWPower Corp of Canada/Canada29.363.9580.793/21/2011
PWTPenn West Petroleum Ltd28.093.84303.543/29/2011
NANational Bank of Canada74.863.5341.43/22/2011
RYRoyal Bank of Canada56.793.5257.264/19/2011
FTSFortis Inc/Canada32.993.5285.615/4/2011
ENBEnbridge Inc58.053.3867.295/11/2011
BNSBank of Nova Scotia603.2750.14/1/2011
TRIThomson Reuters Corp38.323.19106.565/18/2011
TDToronto-Dominion Bank/The81.3347.64/1/2011
MFCManulife Financial Corp18.362.8393.225/13/2011
COSCanadian Oil Sands Ltd30.052.66101.135/18/2011
ECAEncana Corp31.582.4839.363/11/2011
SCShoppers Drug Mart Corp41.22.4333.133/29/2011
CVECenovus Energy Inc37.752.1260.523/11/2011
LLoblaw Cos Ltd39.532.1234.363/11/2011
WNGeorge Weston Ltd68.092.11221.433/11/2011
MGMagna International Inc47.852.0410.483/9/2011
CNRCanadian National Railway Co71.061.8323.913/8/2011
CTC/ACanadian Tire Corp Ltd61.761.7816.274/27/2011
MRU/AMetro Inc441.7517.665/16/2011
CPCanadian Pacific Railway Ltd65.941.6427.453/23/2011
BBD/BBombardier Inc6.251.623.195/11/2011
THITim Hortons Inc42.791.5914.53/3/2011
SAPSaputo Inc41.161.5531.093/3/2011
BAM/ABrookfield Asset Management Inc32.961.5421.674/27/2011
SNCSNC-Lavalin Group Inc56.241.2125.223/16/2011
TCK/BTeck Resources Ltd53.751.126.346/10/2011
TLMTalisman Energy Inc24.111.0462.386/1/2011
CCOCameco Corp39.531.0121.43/29/2011
GILGildan Activewear Inc31.10.950
YRIYamana Gold Inc12.350.9514.283/29/2011
ABXBarrick Gold Corp51.280.9213.835/27/2011
AEMAgnico-Eagle Mines Ltd68.30.927.825/31/2011
SUSuncor Energy Inc45.660.8822.733/2/2011
IMOImperial Oil Ltd50.590.8721.533/1/2011
GGoldcorp Inc46.410.8411.123/15/2011
NXYNexen Inc26.510.7518.183/8/2011
KKinross Gold Corp15.40.639.153/22/2011
CNQCanadian Natural Resources Ltd48.930.6114.433/9/2011
ELDEldorado Gold Corp16.550.613.28/10/2011
POTPotash Corp of Saskatchewan Inc59.860.466.524/12/2011
IMGIAMGOLD Corp20.590.3910.6212/20/2011
FMFirst Quantum Minerals Ltd126.50.311.254/11/2011
IMNInmet Mining Corp66.810.33.125/25/2011
AGUAgrium Inc92.120.122.336/15/2011
VRXValeant Pharmaceuticals International Inc38.99057.843/4/2011
RIMResearch In Motion Ltd64.1500

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February 1, 2011, 4:47 am

TSX Dividend Yield and Ex Dividend Date

by: The Financial Blogger    Category: Canadian Dividend Stocks

Hey guys!

we are the 1st of the month, so here’s your TSX dividend yield and ex dividend date updated:

TickerNamePriceDividend YieldReturn MTDPayout RatioEx-Date
YLOYellow Media Inc6.1310.61-0.25231.032/23/2011
ERFEnerplus Corp32.256.75.15413.1702/08/2011
TATransAlta Corp20.685.61-2.22129.832/25/2011
BCEBCE Inc36.375.422.9174.1803/11/2011
BMOBank of Montreal57.784.851.7458.754/27/2011
ARXARC Resources Ltd24.934.81-1.49133.982/23/2011
SLFSun Life Financial Inc31.514.574.65146.592/21/2011
CMCanadian Imperial Bank of Commerce/Canada76.274.56-2.6359.133/23/2011
HSEHusky Energy Inc274.441.6972.032/23/2011
TRPTransCanada Corp36.554.38-3.7973.873/29/2011
SJR/BShaw Communications Inc21.144.35-0.6269.8502/11/2011
POWPower Corp of Canada/Canada26.994.3-2.4680.793/21/2011
TTELUS Corp49.654.239.1760.2203/09/2011
PWTPenn West Petroleum Ltd27.393.9414.89N/A3/29/2011
NANational Bank of Canada69.813.781.8841.43/22/2011
RYRoyal Bank of Canada53.683.733.5657.264/20/2011
RCI/BRogers Communications Inc34.973.661.0748.7803/02/2011
BNSBank of Nova Scotia56.463.47-1.1250.104/01/2011
ENBEnbridge Inc58.063.383.1835.6902/11/2011
FTSFortis Inc/Canada34.53.361.5350.7602/09/2011
TDToronto-Dominion Bank/The74.963.261.7947.63/30/2011
MFCManulife Financial Corp17.452.981.7593.222/18/2011
TRIThomson Reuters Corp402.977.41113.1903/04/2011
COSCanadian Oil Sands Ltd27.492.913.93101.132/17/2011
ECAEncana Corp32.272.510.9357.4303/09/2011
SCShoppers Drug Mart Corp36.862.44-6.7531.963/25/2011
CVECenovus Energy Inc34.62.313.9723.303/11/2011
LLoblaw Cos Ltd39.132.15-3.0735.2103/11/2011
WNGeorge Weston Ltd70.892.03-7.15221.4303/11/2011
CNRCanadian National Railway Co67.891.912.3223.9103/08/2011
MRU/AMetro Inc43.251.78-4.3117.6602/09/2011
CTC/ACanadian Tire Corp Ltd62.31.77-8.2420.484/26/2011
BBD/BBombardier Inc5.71.7514.3123.1905/11/2011
CPCanadian Pacific Railway Ltd67.171.613.9527.453/23/2011
BAM/ABrookfield Asset Management Inc32.71.59-1.1172.514/27/2011
SAPSaputo Inc41.81.535.6131.0903/03/2011
THITim Hortons Inc40.981.27-0.2924.3603/04/2011
MGMagna International Inc58.471.2612.64N/A2/25/2011
SNCSNC-Lavalin Group Inc58.671.16-1.8425.223/16/2011
TLMTalisman Energy Inc22.941.093.71N/A06/01/2011
YRIYamana Gold Inc11.271.07-11.7513.773/25/2011
ABXBarrick Gold Corp47.471.03-10.64N/A2/25/2011
GILGildan Activewear Inc29.431.023.8102/18/2011
TCK/BTeck Resources Ltd60.650.99-1.84006/10/2011
IMOImperial Oil Ltd44.650.9910.0321.5303/01/2011
SUSuncor Energy Inc41.460.968.3134.9903/01/2011
CCOCameco Corp41.510.96313.143/25/2011
AEMAgnico-Eagle Mines Ltd68.540.93-10.5232.262/25/2011
GGoldcorp Inc40.190.89-12.3454.8302/08/2011
NXYNexen Inc25.150.810.3119.403/08/2011
CNQCanadian Natural Resources Ltd44.650.670.6814.4303/09/2011
KKinross Gold Corp16.640.64-1220.143/22/2011
ELDEldorado Gold Corp16.090.62-13.03002/09/2011
POTPotash Corp of Saskatchewan Inc177.40.4714.936.5404/12/2011
IMGIAMGOLD Corp19.040.437.2719.3912/20/2011
FMFirst Quantum Minerals Ltd115.850.347.271.2504/11/2011
IMNInmet Mining Corp74.650.27-3.383.885/27/2011
AGUAgrium Inc88.470.13-3.314.646/15/2011
VRXValeant Pharmaceuticals International Inc36.49029.0357.8403/04/2011
RIMResearch In Motion Ltd58.9901.5800


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January 1, 2011, 8:23 am

TSX Ex-Dividend Date, Dividend Yield

by: The Financial Blogger    Category: Canadian Dividend Stocks

Happy New Year Everyone!

I am slowly coming back from my vacation; it feels like I have unplugged my whole life for 2 weeks! This Monday (January 3rd) we will be hosting our Best Stock Pick Contest for 2011 for a 3rd year. In addition to the current bloggers, I will ask your stock picks in the comment section and I will track them for you throughout the year. If you think you can beat us, I’m waiting for your picks on Monday!

In the meantime, here’s the TSX dividend yield and ex-dividend date:

TickerNamePriceDividend YieldPayout RatioEx-Dividend
YLOYellow Media Inc6.210.49231.031/26/2011
COS-UCanadian Oil Sands Trust26.457.56100.692/14/2011
ERF-UEnerplus Resources Fund30.677.04413.172/4/2011
BCEBCE Inc35.345.5774.183/11/2011
TATransAlta Corp21.155.48129.832/25/2011
BMOBank of Montreal57.484.8758.751/28/2011
SLFSun Life Financial Inc30.114.78146.592/21/2011
AET-UARC Energy Trust25.414.72133.981/26/2011
TTELUS Corp45.484.6260.223/9/2011
PWT-UPenn West Energy Trust23.844.53N/A1/26/2011
HSEHusky Energy Inc26.554.5272.032/23/2011
CMCanadian Imperial Bank of Commerce/Canada78.334.4459.133/23/2011
TRPTransCanada Corp37.994.2173.873/29/2011
POWPower Corp of Canada/Canada27.674.1980.793/21/2011
SJR/BShaw Communications Inc21.354.1269.851/12/2011
NANational Bank of Canada68.523.8541.43/22/2011
RYRoyal Bank of Canada52.323.8257.261/24/2011
RCI/BRogers Communications Inc34.63.748.783/2/2011
ENBEnbridge Inc56.273.4835.692/11/2011
BNSBank of Nova Scotia57.13.4350.14/1/2011
FTSFortis Inc/Canada33.983.4150.762/9/2011
TDToronto-Dominion Bank/The74.253.2947.61/4/2011
TRIThomson Reuters Corp37.243.19113.193/4/2011
MFCManulife Financial Corp17.153.0393.222/18/2011
ECAEncana Corp29.092.7757.433/9/2011
CVECenovus Energy Inc33.282.423.33/11/2011
SCShoppers Drug Mart Corp39.532.2831.963/25/2011
LLoblaw Cos Ltd40.372.0835.213/11/2011
BBD/BBombardier Inc5.01223.191/12/2011
WNGeorge Weston Ltd84.21.71221.431/14/2011
CPCanadian Pacific Railway Ltd64.621.6727.193/23/2011
CNRCanadian National Railway Co66.351.6325.573/4/2011
SAPSaputo Inc39.581.6231.093/3/2011
CTC/ACanadian Tire Corp Ltd68.191.6120.481/27/2011
BAM/ABrookfield Asset Management Inc33.21.5772.511/28/2011
MRU/AMetro Inc45.21.517.662/9/2011
MGMagna International Inc51.911.41N/A2/25/2011
THITim Hortons Inc41.11.2724.363/4/2011
SNCSNC-Lavalin Group Inc59.771.1425.223/16/2011
TLMTalisman Energy Inc22.121.13N/A6/1/2011
IMOImperial Oil Ltd40.581.0821.532/23/2011
GILGildan Activewear Inc28.351.0602/18/2011
SUSuncor Energy Inc38.281.0434.993/1/2011
CCOCameco Corp40.30.9913.143/25/2011
TCK/BTeck Resources Ltd61.790.9706/10/2011
YRIYamana Gold Inc12.770.9413.773/25/2011
ABXBarrick Gold Corp53.120.92N/A2/25/2011
NXYNexen Inc22.80.8819.43/8/2011
AEMAgnico-Eagle Mines Ltd76.60.8432.262/25/2011
GGoldcorp Inc45.880.7954.831/11/2011
CNQCanadian Natural Resources Ltd44.350.6814.433/9/2011
KKinross Gold Corp18.910.5620.143/22/2011
IMGIAMGOLD Corp17.750.4619.3912/20/2011
FMFirst Quantum Minerals Ltd1080.361.254/11/2011
ELDEldorado Gold Corp18.50.2705/31/2011
IMNInmet Mining Corp77.260.263.885/27/2011
POTPotash Corp of Saskatchewan Inc154.450.2611.951/18/2011
AGUAgrium Inc91.50.124.646/15/2011
VRXValeant Pharmaceuticals International Inc28.28057.843/4/2011
RIMResearch In Motion Ltd58.0700N/A

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