Five Good Canadian Dividend Stocks

Analysis Methodology

Refer to the blog post of November 27, 2019 for a description of the method used.

Candidates

As of November 27, 2019, the following companies from the universe of all TSX stocks have a dividend yield between 3.54% and 11.80% and have increased their dividend consecutively for at least five years:

AI
AQN
BCE
CGX
CM
CPX
CU.X
CUP.U
EIF
ENF
FCD.UN
INE
IPL
LB
MFC
NA
PEGI
PPL
RY
T
TCL.A
TCL.B
TD
UNS

Analysis

Dividend Coverage

We're looking for companies with positive coverage and less than 75%.
Possible companies include:

RY
TCL.A
TCL.B
NA
UNS
MFC

Valuation

We're looking for companies equal to or greater than one.
Possible companies include:

UNS
TCL.A
TCL.B
CGX
ENF
IPL
LB
CU.X
MFC
CM
TD
T
PPL
RY
BCE

Total Return

We're going to use a sweet spot criteria of greater than 10% and less than 20%. Companies include:

AQN
ENF
MFC
IPL
CU.X
TD
TCL.A
T
TCL.B
CPX
FCD.UN
RY
CM
PPL
NA
CGX
UNS
LB
EIF
BCE

The Trifecta

From a beginning portfolio 99 companies the final five that occupy the centre of this vend diagram are:

RY
TCL.A
TCL.B (low trading volume)
UNS
MFC

I bought all of them accept for TCL.B today. So fun to run.

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