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
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