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Canadian Dividend All-Star List

The Canadian Dividend All-Star List is comprised of Canadian companies that have increased their dividend for 5 or more calendar years in a row. I used the dividend record date to determine the length of streaks. Each month I update the excel spreadsheet which can be downloaded below.

IMPORTANT CLARIFICATION: Sometimes there is confusion with readers thinking that this list contains my stock recommendations. This is not true. I created the list as an information source for dividend investors. The criteria to be on the list is based on the number of years the dividend has increased, it is not based on whether I think the stock is a good investment. Think of this list as a good starting point if you are looking for potential Canadian dividend growth candidates, not my personal stock recommendations.

Download the Canadian Dividend All-Star List here:

I’ve also included a Google Docs list of all the companies in the list with their streak length, but the excel spreadsheets provided above have a lot more information like the dividend yield, average highest yield for 3, 5 and 10 years, the past 10 years worth of dividends, and lots of other stock information.

How and why the Canadian Dividend All-Star List was created

Prior to starting this blog I did some research on how to make a blog and what I took away as the most important piece in creating a successful blog was to provide valuable content to your readers. Now you may be thinking, well obviously! And while this may seem obvious, it can be hard to put into practice on a regular basis. One way I plan to provide valuable content to my readers is by creating the Canadian Dividend All-Star List and updating it monthly.

I read a lot of different finance blogs on a regular basis, and it took me awhile to figure out how I was going to differentiate myself. After a month or so, I came up with the idea to provide the Canadian Dividend All-Star List. When I screen US dividend paying companies I use David Fish’s US Dividend Champions excel file. The file contains over 10 years of dividend history for companies that have raised their dividend for more than 5, 10 and 25 years in a row as well as regular stock information (share price, P/E, EPS, P/B, etc). This file is incredibly useful, especially when starting to screen for stocks. [David Fish’s US Dividend Champions List can be downloaded here.] Until February 2013 there was no Canadian equivalent. Enter the Canadian Dividend All-Star List. The Canadian Dividend All-Star List is comprised of Canadian companies that have increased their dividend for 5 or more calendar years in a row. I used the dividend record date to determine the length of streaks.

With limited spare time it took me about a month to compile all the data. There is no quick or easy way to get the annual dividend history for more than a decade for what started with 43 companies. Now that I have this information it should be less time consuming to update the file. I plan on updating the file on a monthly basis. A new version should come out at the beginning of each month.

It is my hope that you find the Canadian Dividend All-Star List useful and it helps you with your dividend growth strategy. While I certainly don’t expect donations, I do appreciate them. To create and update this file takes a lot time and effort, so donations are always welcome. You can use the donate button below or the Donation page.


Disclaimers

Now for a few disclaimers, the first of which will be accuracy of the information. While I have tried my best to provide accurate information, I am subject to human error. Finding the dividend history to four decimal places can be difficult when looking at older payments and considering splits and rounding. The file contains a mix of information pulled from Yahoo! Finance and data I entered manually. Data entered by myself has come primarily from the company’s investor relations website, or their annual reports. The annual reports were taken from the company website or www.sedar.com. In the few instances where I was unable to find the dividend history from the company website or the annual report, I used TMX, Yahoo! Finance, Morningstar or Google Finance and compared the information. Some of the stock information is pulled directly from Yahoo! Finance, and while I am assuming it to be correct, I have not confirmed this. As you can see I have tried my hardest to provide accurate information, but I cannot guarantee the accuracy of the information. You have been warned.

Now for the second disclaimer: The intended use of the Canadian Dividend All-Star List. I am happy to share this information to as many individual investors as possible for free, but this list is not intended to be used for commercial use, unless you have received written permission by me.

If you have any suggestions on how to improve the Canadian Dividend All-Star List, please don’t hesitate to contact me or leave a comment on this page.

82 comments to Canadian Dividend All-Star List

  • terry chard

    very good thanks for the work

  • Dale

    Hi Michael, this a great site and I really appreciate all the work that you have put into it!

    Thanks,

    Dale

  • Guy Lachapelle

    Thanks for providing this list, I am just getting familiar with Dividend based investing. At the moment I am just educating myself. Could you provide a description of all the columns? (e.g. +/- % vs Graham, TTM P/E, etc..)

  • Mat

    This is great…i have been wanting such a list for some time now, but never had the time to compile it. Thanks so much for taking the time to develop this!

  • Matt

    Thanks for your effort in this. Do you accept donations in Bitcoin?

  • Michael,
    Thanks a lot for the list. It seems that Canada is one of very few countries with good dividend traditions and your list is very valuable for investors. I hope it become as popular as David Fish’s list.
    SDS

    • Thanks for the comment. If my list gets close to as popular as David Fish’s I’ll be very happy. His list is a bit more detailed than mine at this point, but it’s always good to have something to strive for.

  • Michael,
    If you still in Australia and have time it seems worth to make their All-Star List. There are several good dividend payers.

    • Yeah I’m still in Australia, but I’ll be heading over to South-East Asia shortly. I should be back in Canada in August. When I first arrived in Australia I started looking at Australia companies. You can take a look at the Pan Pacific list: http://www.standardandpoors.com/indices/sp-pan-asia-dividend-aristocrats/en/au/?indexId=spsdivpaarusdw—p-rpa—. They cover companies that have increased dividend for 7 or more consecutive years in the S&P Pan Asia Broad Market Index (BMI). I couldn’t find a list that catered to Australia only companies, but a few Australia companies are covered in the Pan Pacific list.

      I’m basically living out of a van while I travel around, so it’s hard to find decent Internet time. I don’t think I’ll have time to do an Australian list and maintain it.

  • R. Albert

    This list/blog is really useful and I truly appreciate the effort to collect the info as it takes inordinate amount of time and your generosity to share it with others.

    May you prosper more than ever!

    Thank you very much!

  • jw.

    This is fantastic: this sort of analysis is exactly what I’ve been looking at doing myself. Thank you and great work.
    (One side note: special dividends cause a massive skew on the payout ratios. Not sure if this is something worth excluding or separating from your analysis.)

    Thanks again for this. Once I get my portfolio out of the disaster it’s currently in, I’ll be sure to drop you a donation.

    PS – If you’d like any VBA coding to help pull in the data from Y!, fire me a message.

    • Glad to here you like the site. I might have to take you up on the VBA coding help. Right now I just use someone else’s template that I downloaded to get the information from Yahoo Finance. I didn’t actually do any VBA coding myself, because I don’t know how. I’m pretty good with excel, but I have no experience with Visual Basic. It’d be nice to get a bit more automated information out of Yahoo Finance.

      The Canadian Dividend All-Star List basically ignores all special dividends, so the payout ratios you see in the excel file only use regular dividends. I’ve considered adding in some more columns or another row for special dividends, but this is likely a long ways off. Getting the accurate dividend history for multiple companies takes quite a long time, so it will probably be awhile before the list shows special dividends.

      Cheers,

      DGI&R

  • CK1985

    Thank you for sharing these sheets. This will save a ton of time researching DRIPs

  • Dude, thanks for this list. So much great info on US dividend stocks, but little on CDN ones. I have been looking for this list for a while now.

    That you have it in spreadsheet form is amazing. Thanks for your efforts

  • Jeremy

    Excellent list! Very well researched and thoroughly detailed. Keep up the amazing work!!! I really appreciate your efforts.

  • Peter

    Michael, your blog — which I recently discovered — fills a void that I didn’t expect would get filled, except perhaps, eventually, on a commercial basis. It’s especially nice seeing the small cap stocks, several of which are favorites of mine. Big thanks.

  • JIM

    i have a book on investing by graham .. the intelligent investor
    but i am unsure as to how to interpert the graham number you have assigned to each stock , and i do not know how to calculate this number any help would be appreciated
    jim

  • This is a great resource! Any chance you could include share buyback information?

  • Zack A.

    Great work. Thanks. In your opinion, how important is the debt ratio?

  • Tom & Patricia

    Just discovered your web site. It looks like a labor of love. Nice job. I have been watching Parkland Fuel lately. Unless I missed it I did not see them on your list. I took a position with BMO several months ago and am very happy with the results.

  • Found your site as a link from Dave Fish`s Div. Champions site. Thank you for putting this together. I`ve been having difficulty finding Canadian stocks and this gives me a Great starting point.

  • karly

    Thank you. Thank you. Thank you. LOVE that you’re sharing your great spreadsheets and strategies. Thank you!

  • Leslie

    I looked at your JAN 01 2014 spreadsheet, ran my eye down the yield column and noticed MKP, with a yield of 8.62% and a streak, according to the streak column, of 10 years. I then found MKP’s website and this page in particular: http://mcanmortgage.com/investor-relations/dividends. According to MKP, it paid interest dividends totalling $1.80 in 2011, $1.36 in 2012 and $1.15 in 2013. It also paid a capital gain dividend of $0.05 in 2012.

    I must be misunderstanding something about your spreadsheet.

    Can you please explain why you give the company a streak of 10 years?

    • The company pays out a regular dividend and then once a year they have an special dividend that is usually recorded on top of the regular dividend. The special dividend fluctuates from year to year which is why the totals fluctuate. My list ignores the special dividends. I used old annual reports on sedar.com to determine the streak. The website doesn’t have the entire dividend history shown.

  • Dividend newbie

    Fantastic work – keep it up. Really appreciate this

  • Neil Cawley

    Thank you for this stellar effort! I, like everyone else have a tough time finding good information on our Canadian stocks. I use VectorVest for most of my “starting” research and I create a folder in there where I place your list, Then I can use some of their search criteria and apply it to your list. Dividend investing really rocks, and dividends that grow are the “piece de resistance”
    Your hard work is greatly appreciated!

  • ryszard21

    DGI&R (Michael?),
    I’ve just discovered your incredible site! The amount of time and effort you’ve devoted to creating this masterpiece is simply astounding! It’s exactly the data-rich Canadian resource, amplified by your investing experience and expertise, for which I’ve been searching for months — a virtual gold mine! I can’t thank you enough for your magnanimity and generosity of spirit. As the song goes, “I wish I had a million dollars…” (smile)
    Richard

  • Helen_in_Toronto

    Hello! I just discovered your site and I must say that it’s great! Two quesions;
    1. THE LIST- is it best to just refer and download the latest list? Is is comprehensive of all the all-star companies, i.e.; a “master list”?
    2. What is a good rule I can follow when buying div. paying stocks? Example; BCE just declared a div. increase. So, from a timing perspective, when should I buy the stock? Anytime after the last quarter but before the end of the current quarter, so I can get the dividend payment for the current quarter?
    Thank you.

  • Neil Cawley

    Thank you for all your hard work, May I add that I believe IPL (Inter Pipeline) deserves a spot on the list also. I have checked with the “Canada Stock Channel” at http://www.canadastockchannel.com/profile/?symbol=ipl and it seems to fit the requirements. It has increased the div for at least 5 years. Granted it was set up as a trust until last year when it changed to a corporation, but still has increased the div regularly.
    ,,, Neil

  • Neil Cawley

    That “other” list is a welcome addition. Thank you for thinking of it. There are some pretty fine companies here too and maybe some of them will graduate to the all star list. At least I hope that they will as I own a couple of them!
    … Neil (Here in the Great White North)

    • I agree. I really wanted to have information available about the Canadian banks, as I feel most Canadian dividend growth investors have these companies in their portfolio.

  • Hi, I feel bad I wasn’t aware of your blog. It is a fantastic resource for Canadian investors!! I will certainly get the word out!

    Keep the great work. You are providing a valuable resource here…

    Cheers
    DN

  • Peter

    Thank you for your excellent efforts. This is truly a requirement for all of us who are DIY investors who wish to be more active than Warren B’s ‘buy an index fund’ type.

    The Canadian angle is specifically what I have been looking for. I have a few correspondents I will advise of your site.

    Peter in Guelph

  • Hi DGI&R,

    Thank you for sharing your holding, I have many of your holding in my portfolio. Great job! Let the money work for us.

  • T K

    The most recent copy asks for a linked file (MW CDN DIV CHAMPS (Yahoo & FinViz).xls]Yahoo’) when I open it in Excel. Ignoring the message leads to bad data in the file. Can you fix?

  • Neil Cawley

    I have no problem opening it with excel 2007. I can then save it to a folder of my choice.

  • henry

    Great resource for those looking to add a dividend paying company to their portfolio. Lots of data!!

    However, I wonder if you are being too restrictive by only having stocks that have increased their dividend for the past 5 years. The big banks are excluded because they stopped increasing their dividend during 2008 crisis. Would you sell them because they are no longer on your list? Many have paid dividends since the 1800′s and none cut their dividend during the crisis.

    I bought more of them to increase my holdings and increase my yield.

    Good work.

    • I added another tab for this very reason. If you look at the excel spreadsheet you’ll notice that there is an “Others” tab. In this tab I have dividend paying companies with less than 5 years of increases. You’ll find the banks and other companies in this tab. I haven’t come up with a set criteria for this extra tab, so if you think I should add some more companies let me know which ones. Generally I’m looking for companies that increase their dividend, but maybe not every year and that don’t have dividend cuts.

      Cheers,

      DGI&R

  • Neil Cawley

    I believe that you will find the Canadian Big Banks in the “other” list. Look for the tab at the bottom.

  • Bernie

    On your current list you don’t have the correct ticker for Plaza Retail REIT it was changed to PLZ.UN in January of this year when the company changed from a corporation to a REIT.

  • eli

    your missing the credit ratings on these companies which is first priority

    • Not all of the companies in the list are rated by the big agencies (Moody, S&P, etc). Also I pull information from yahoo finance and this information isn’t available from them. I don’t want to be responsible for manually entering the credit rating for each company and then updating each time it changes. Unfortunately the list won’t have credit ratings.

      Sorry,

      DGI&R

  • Jeremy Kraemer

    Fantastic spreadsheet. You were right on target when you figured out providing this spreadsheet as a Canadian equivalent to the US one would be unique and valuable.

  • Neil Cawley

    Amen to that. It helps all of us Canadian investors to sort though some of the best dividend stocks that Canada has to offer. Using this list as a starting point is so very, very helpful AND saves a lot of time. Research is of course still necessary, but to get going in the right direction is a boon to all of us.
    Thank you once again DGI&R

  • CWB didn’t increase the dividend in 2010: page 3 of annual report http://www.cwb.com/~/media/cwb%20group/documents/investor%20relations/annual%20reports/cwbannualreport2010.ashx

    I think they should be taken right off the list no?

    • The bank’s year end is Oct 31st, so the annual report you linked to doesn’t show all the dividends recorded in the calendar year. I calculate the dividend streak based on the dividends recorded in each calendar year. In the 2009 calendar year CWB recorded $0.44 in dividends, and in the 2010 calendar year they recorded dividends of $0.46. CWB stays in the list.

      Cheers,

      DGI&R

    • Bernie

      BlueNote,

      If actual pay dates are used CWB paid the same $0.44 in 2009 & 2010 and the streak would have been broken.

      If dividend record dates are used the payouts become $0.44 & $0.46 respectively and the streak would stay intact. DGI&R uses this criteria.

    • Bernie

      CWB’s dividend history (from 2009 to current) can be viewed here – http://ca.dividendinvestor.com/historical.php?no=3746

  • Bernie

    BlueNote,

    I would say you are right if you use the dividend pay date to determine streaks. DGI&R uses the dividend record date to determine streaks so he is also right according to his criteria.

  • That’s a little confusing from a comparability standpoint. Is it done this way because calendar year is more convenient to measure then fiscal? This creates an interesting situation where this list doesn’t pick up companies for example that have been raising the dividend for 5 fiscal years but not 5 calendar years. One could argue for a list that shows companies that raise the dividend at least every 12 months but that might also have it’s own problems.

    • When I first started I found out that you can create a few different lists by using different dividend dates (ex, record, payable, etc) and a few more depending on fiscal or calendar years. I used calendar year so I could compare multiple companies in the same period of time. Now it’s just about being consistent.

  • Neil Cawley

    Blue Note, you might want to check here also:
    http://www.canadastockchannel.com/profile/?symbol=cwb

    • Bernie

      Neil,

      The list on your link only confuses this one more level as ex-div dates are used in this site. Yahoo & Google also use ex-div dates.

      Unless one is playing the “dividend capture strategy” I don’t know why anyone would want any other date than the “payable date” which is the date they actually pay you the dividend!

  • Neil Cawley (Also in the "Great White North")

    You are doing a great job! Thank you for sharing all your hard work with the rest of us. I can only imagine how much time it takes to keep all of this up to date. Kudos to you and please do keep it up. Don’t take anything said by any of us as criticism. Most people just want to understand.

  • I agree that you’re doing a good job on this, very accurate, useful and consistent. I was thinking it would be useful to have three types of dividend streak measurements (calendar year, fiscal year and rolling 12 month) the rolling 12 month measure would show how many years the company increased the dividend for any 12 month period. It would eliminate the timing issues created by the other two methods. The user could just filter on the type of dividend growth streak they are interested in. I am not sure how easy it would be to implement though.

  • Neil Cawley

    I’m thinking that your suggestion is adding a lot of extra work onto a service that is a labour of love and probably created for his own benefit. I’m very grateful to have someone keep up this list as it now exists and to share it with the rest of us although perhaps he wouldn’t mind a little extra help. What do you folks think?

  • Yeah I think you’d need regular access to an accurate and convenient data dump of dividend data to make it worthwhile. With the data dump you could probably just set up a spreadsheet to do all the heavy lifting. Nonetheless this spreadsheet probably captures 80-90% of what I am interested in and it’s free so I am not complaining!

  • Bernie

    A good addition to your list in the other category would be Alaris Royalty (AD.TO). They have a 4 year streak going. I’ve been long on them for 3 years.

  • Neil Cawley

    Good thought from Bernie.
    BTW, DGI&R, what is your criteria for the “other” list? Maybe more of us could help with suggestions if we knew how you go about deciding what to add.

    • I don’t really have a criteria for the “other” tab. It started because I felt like the big Canadian banks should be in the list even though the streak wasn’t at 5 or more years. Then I added some companies from the Canadian dividend aristocrats list that had less than 5 years. Then I added a few companies by request. There isn’t really a set criteria. Generally I want to see some regular dividend growth with no dividend cuts in the past 10 years.

  • Neil Cawley

    Hi DGI&R,
    I was wondering if you would consider adding MG.TO (Magna International) to the list. I see David Fish has it included in the USA list as having 5 years in it’s streak.
    Just a thought.
    Thanks again for all your hard work.
    Neil

  • Bernie

    DGI&R,
    FYI…The streak for Alaris Royalty (AD.TO) becomes 5 years in mid December.

  • Neil Cawley

    Hi DGI&R
    Another one for you is UFS.TO (Domtar). David Fish has this one on the USA list as a challenger having a streak of 5 years now. Perhaps it should be added to our Canadian list now? Just a thought
    …Neil

  • Tim

    Just found this site – great stuff! Nice of you to compile / maintain the list. Good for us US investors not to forget companies run by our fine Canadian friends as we look for potential DGI candidates.

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