14 Canadian Dividend Growth Companies with Consistently High Earnings Growth

Earnings

I’m always on the lookout for dividend growth companies that have long growing dividend streaks, wide economic moats and strong financial strength. I plan to buy these companies at cheap valuations and utilize the growing dividend income to become financially independent. One characteristic of a good dividend growth company is the ability to pay increasing dividends because it is also increasing its earnings. Dividend growth without earnings growth is not a sustainable long term trend. As I plan to invest and hold on to these companies for a very long time, it is important to me that they are able to regularly make more money to support the increasing dividend. With that in mind I decided that I would try and identify companies in the Canadian Dividend All-Star List that have been able to increase their earnings per share (EPS) at a consistently high growth rate over the past decade.

Related: Canadian Dividend All-Star List Free Download Page

To start with I used Morningstar annual EPS data for a decade found in its Key Ratio tab for each company in the January 31, 2015 version of the Canadian

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