Friday, June 18, 2010
Column on Canadian dividend growers
For this one, they were looking for companies with "a market capitalization of at least $1-billion." They also wanted at least a 2.5% dividend yield and a "five-year annualized dividend growth rate of at least 5 per cent." The final criterion was a dividend payout ratio of less than 80%.
Of the companies that made the list, many have dividend reinvestment plans: Shaw Communications Inc. (SJR.B-T), Telus Corporation (T-T), AGF Management Limited (AGF.B-T), Just Energy Income Fund (JE.UN-T), Fortis Inc. (FTS-T), Royal Bank of Canada (RY-T), Toronto-Dominion Bank (TD-T),
Sun Life Financial (SLF-T), National Bank of Canada (NA-T), Bank of Nova Scotia (BNS-T), TransCanada Corporation (TRP-T), Enbridge Inc. (ENB-T), Bank of Montreal (BMO-T).
The full article entitled Canada's best dividend growth stocks can be found at the Globe's All about dividend stocks page.
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