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
… Continue reading The Lesser Known Canadian Dividend All-Stars