Quickly Identifying Undervalued Dividend Growth Stocks in the May 31, 2013 Updated Canadian Dividend All-Star List

I Spy

Flооd / Foter.com / CC BY-NC-ND

I’ve updated the Canadian Dividend All-Star List for the month. You can download the latest version here. For awhile now I’ve wanted to add some extra information to the list. It took quite awhile, but I was finally able to finish it. I’m quite excited about these changes as I think they add real value to the list.

The list now includes the low stock price for every year for the past decade. This information allowed me to determine the highest yield for each of the past 10 years and the 3, 5, and 10 year average highest yield amounts. I’ve also included columns that compare the current yield to the averages so that you can quickly see if there are any companies that look undervalued based on yield. You’ll find more details in the Notes tab of this month’s downloadable list.

The low stock prices and highest yield averages are the biggest changes this month, but there were also some smaller changes that have been updated in the list:

Updated Canadian Dividend All-Star List: April 30, 2013

I’ve updated the Canadian Dividend All-Star List for the month. You can download the latest version here. Each month I go through the list of companies and see if any of them have increased their dividend. The Canadian Dividend All-Star List uses the record date to determine the dividend streak. Often the dividend increase is announced before the record date, so some of my announcements may be old news. Because of the number of companies I track it’s not practical to comment on each increase when it happens, so instead I like to do a monthly summary.

Of the 10 companies that had a record date in April 2013 only one company increased its dividend. This is a steep drop off from last month when 12 of 26 companies recording dividends in March 2013 increased their dividend. This month, Stella Jones increased its quarterly dividend from $0.16 to $0.20 which represents a 25% increase. 2013 will be Stella Jones’s 9th consecutive year of increasing dividends should it continue to make

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Updated Canadian Dividend All-Star List: April 1, 2013

I’ve updated the Canadian Dividend All-Star List for the month. You can download the latest version here. Each month I go through the list of companies and see if any of them have increased their dividend. The Canadian Dividend All-Star List uses the record date to determine the dividend streak. Often the dividend increase is announced before the record date, so some of my announcements may be old news. Because of the number of companies I track it’s not practical to comment on each increase when it happens, so instead I like to do a monthly summary.

Companies that have increased their dividend in the Canadian Dividend All-Star List and have their record date in March are shown in the table below. I’ve sorted them by the highest % increase.

 

12 companies from the Canadian Dividend All-Star List managed to increase their dividend. I don’t know exactly what inflation is, but it’s usually around 2% or 3%, so I was happy to see that all of these dividend increases were above inflation. I find that most dividend growth investors are looking for regular dividend

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