The Lesser Known Canadian Dividend All-Stars

That was supposed to be going up, wasn't it?

rednuht / / CC BY

When scanning the Canadian market for dividend growth stocks there are two common places that investors start:

  • The S&P/TSX Canadian Dividend Aristocrats
    • To be included in the list the company must be common stock or income trust listed on the TSX and in the S&P Canada Broad Market Index (BMI).
    • They must have increased ordinary cash dividends every year for 5 years, but can maintain the same dividend for a maximum of 5 consecutive years within that 5-year period.
    • The company must have a minimum C$ 300 million float-adjusted market cap.
  • Canadian Dividend Achievers™ Index
    • “Constituents must be incorporated in Canada, trade on a major exchange in Canada and must have paid increasing regular cash dividends for five or more consecutive years. The average daily cash volume must exceed CD$500k in CAD$ in the November and December prior to reconstitution.”

These two lists are a great starting point and when I started creating the Canadian Dividend All-Star List this is where I started. The Canadian Dividend All-Star List is a Microsoft Excel list

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