This is a list of Canadian dividend stocks that currently, or in the past, had a history of consecutive dividend increases. For those wishing to find the most complete fundamental information on these companies, we recommend visiting one of Canada’s leading financial websites, the Financial Post (found here). However, Yahoo!Finance probably has the better long-term charts and historical dividend data.
| Symbol | Name | Price | P/E | EPS | Yield | P/B | % from yr low |
| CWT-UN.TO | Calloway REIT | 25.55 | 232.27 | 7.22 | 6.05 | 1.07 | 0.20% |
| CUF-UN.TO | Cominar REIT | 21.39 | 6.58 | 2.94 | 6.73 | 0.98 | 0.38% |
| TA.TO | TransAlta Corp. | 13.64 | - | -2.93 | 8.50 | 1.62 | 1.41% |
| CAR-UN.TO | Canadian Apartment Properties REIT | 22.94 | 17.38 | 4.72 | 5.01 | 0.93 | 1.87% |
| REI-UN.TO | Riocan Real Estate Investment Trust | 26.21 | 6.67 | 3.89 | 5.38 | 1.17 | 1.91% |
| IMO.TO | Imperial Oil Ltd. | 39.51 | 9.45 | 4.17 | 1.21 | 1.97 | 2.41% |
| AX-UN.TO | Artis Real Estate Investment Trust | 15.33 | 5.03 | 2.95 | 7.04 | 0.9 | 2.54% |
| D-UN.TO | Dundee REIT | 33.15 | 47.36 | 2.9 | 6.75 | 0.96 | 2.76% |
| FCR.TO | First Capital Realty Inc. | 18.43 | 10.35 | 1.72 | 4.55 | 1.18 | 2.96% |
| BEI-UN.TO | Boardwalk Real Estate Investment Trust | 59.12 | 5.01 | 11.39 | 3.34 | 1.01 | 3.59% |
| LB.TO | Laurentian Bank of Canada | 44.1 | 9.15 | 4.8 | 4.53 | 0.98 | 3.59% |
| CPG.TO | Crescent Point Energy Corp. | 35.9 | 60.85 | 0.54 | 7.68 | 1.59 | 3.97% |
| FTS.TO | Fortis Inc. | 33 | 18.23 | 1.8 | 3.75 | 1.51 | 4.07% |
| IFC.TO | Intact Financial Corporation | 60.62 | 14.16 | 4.3 | 2.90 | 1.76 | 5.22% |
| FTT.TO | Finning International Inc. | 22.01 | 11.23 | 2.02 | 2.77 | 2.32 | 5.26% |
| EMA.TO | Emera Inc. | 34.29 | 16.73 | 2.07 | 4.08 | 2.52 | 6.13% |
| NA.TO | National Bank Canadian Equity SP | 75.51 | 8.68 | 8.63 | 4.60 | 1.75 | 6.28% |
| TD | The Toronto-Dominion Bank | 79.91 | 11.07 | 7.22 | 3.98 | 1.58 | 6.40% |
| BDT.TO | BIRD CONSTR INC | 12.08 | 9.36 | - | 6.28 | ∞ | 7.86% |
| TMXXF | TMX Group Limited | 53.0417 | 31.15 | 1.7 | 0.99 | 9.21% | |
| TLM.TO | Talisman Energy Inc. | 11.63 | - | -0.44 | 2.34 | 1.28 | 9.51% |
| CJR-B.TO | Corus Entertainment Inc. | 23.8 | 15.87 | 1.48 | 4.28 | 1.72 | 9.83% |
| CM.TO | Canadian Imperial Bank of Commerce | 77.18 | 9.59 | 8.05 | 4.97 | 1.99 | 9.94% |
Watch List Summary
This list is getting longer primarily due to the high number of real estate investment trusts (REIT) that are near a new low. Below is a picture of the top six listed REITs from the March 2009 low:
What is most alarming about the most recent decline in these REITs is the fact that, unlike the large decline of 2011, the current decline has broken through the 2012 lows which is a huge technical failure. In 2011, as the Canadian REIT industry was experiencing a hiccup, the price of the stocks did not decline below the 2010 support level (approximately October/November 2010). In addition, as 2011 prices did not fall below 2010 lows, the REITs climbed above the 2011 peak (approximately April/May 2011). Unfortunately, the most recent rise from the October/November 2012 low could not exceed the July 2012 peak. These are classic Dow Theory indications of a sector that has further to go on the downside.
Watch List Performance Review
In our ongoing review of the NLO Canadian Dividend Watch List, we have taken the stocks from our May 25, 2012 list (found here) and have checked their performance, approximately one year later (May 25, 2012 to May 24, 2013) as compared to the S&P Toronto Stock Exchange Composite Index.
|
Symbol
|
Name | 2012 | 2013 | % change |
| AGF-B.TO | AGF Management Limited | 11.65 | 11.60 | -0.43% |
| SJR-B.TO | Shaw Communications, Inc. | 19.52 | 23.38 | 19.77% |
| IGM.TO | IGM Financial Inc. | 40.10 | 48.17 | 20.12% |
| IAG.TO | Indu’l Alliance Insur. and Finan’l Services | 25.83 | 37.46 | 45.03% |
| TCL-A.TO | Transcontinental Inc. | 9.76 | 12.53 | 28.38% |
| EMP-A.TO | Empire Co. Ltd. | 56.00 | 69.40 | 23.93% |
| BNS.TO | The Bank Of Nova Scotia | 50.95 | 59.34 | 16.47% |
| CCA.TO | Cogeco Cable Inc. | 45.88 | 45.60 | -0.61% |
| PWF.TO | Power Financial Corporation | 25.66 | 30.74 | 19.80% |
| HCG.TO | Home Capital Group Inc. | 43.03 | 53.36 | 24.01% |
| CWB.TO | Canadian Western Bank | 26.18 | 28.74 | 9.78% |
| Average | 18.75% | |||
| GSPTSE | S&P/TSX Composite Index | 11576.50 | 12667.20 | 9.42% |
The Canadian Dividend Watch List from last year nearly exceed the performance of the Composite Index by double. All of the stocks gained at least +10% within the year except Cogeco Cable (CCA.TO) which actually fell as much as -20% within the first 3 months after the May list was published. The top five stocks from last year gained +22.57%, well over double the Canadian Composite Index.
Sell Recommendations
Below are former watch list members that we believe are worth selling the principal:
| Symbol | % Change | Watch List |
| IAG.TO | 89.50% | July 2012 |
| CP.TO | 109.44% | April 2011 |
| TCL-A.TO | 36.72% | September 2012 |
| GS.TO | 28.91% | April 2012 |
| EMP-A.TO | 34.73% | May 2012 |