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Five Good Canadian Dividend Stocks

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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