My investing plan involves buying and hopefully holding great dividend growth companies for a long period of time while collecting the growing stream of dividends that will eventually help cover retirement costs and inflation. For this strategy to work I need companies to be able to survive and thrive over the very long term. This is why, as a long term dividend growth investor, I place a lot of weight in the financial strength of a company before investing.
With that in mind I thought it would be interesting to come up with a laundry list of Canadian dividend growth stocks that exhibit signs of financial strength.
As a starting point I used the May 31, 2016 version of the Canadian Dividend All-Star List which is an excel spreadsheet of Canadian companies that have increased their dividend for five or more consecutive years in a row. Currently there are 88 companies in the list with a dividend streak of 5 years or more. I decided to make one exception and added Bank of Montreal [BMO.TO Trend] into the mix, bringing the total to 89.
We in Canada are known for
… Continue reading Financially Strong Canadian Dividend Growth Stocks & Their Credit Ratings