The performance of the Canadian Watch List from September 2014 is listed below:
From left to right, the first five stocks on the list averaged a gain of +5.88% in the last year while the entire list averaged a loss of –8.90% compared to the Toronto Stock Exchange decline of –7.95%.
Of the companies listed, Just Energy (JE.TO), Transcontinental (TCL-A.TO) and North West Co. (NWC.TO) were the top three performers with an average gain of +36%. At the bottom of the performance scale were Crescent Point Energy (CPG.TO), TransAlta (TA.TO) and AGF Management (AGF-B.TO) with an average loss of –51%.
Canadian Dividend Watch List September 2015
| Symbol | Name | price | P/E | EPS | dividend | Yield | P/B | % from yr low | payout ratio |
| D-UN.TO | Dream Office REIT | 20.42 | 65.87 | 0.31 | 2.24 | 10.97 | 0.64 | 0.00% | 723% |
| REF-UN.TO | Canadian REIT | 40.17 | 28.75 | 1.4 | 1.8 | 4.51 | 0.91 | 0.00% | 129% |
| REI-UN.TO | Riocan REIT | 23.74 | 15.08 | 1.57 | 1.41 | 5.88 | 0.99 | 0.08% | 90% |
| BEI-UN.TO | Boardwalk REIT | 53.71 | 17.43 | 3.08 | 2.04 | 3.76 | 0.83 | 0.22% | 66% |
| AX-UN.TO | Artis REIT | 12.24 | 12.05 | 1.02 | 1.08 | 8.9 | 0.69 | 0.33% | 106% |
| CUF-UN.TO | Cominar REIT | 16.35 | 11.08 | 1.48 | 1.47 | 9.07 | 0.76 | 0.43% | 99% |
| CTY.TO | Calian Technologies Ltd. | 16.8 | 13.06 | 1.29 | 1.12 | 6.42 | 1.78 | 1.20% | 87% |
| SJR-B.TO | Shaw Communications, Inc. | 25.93 | 16 | 1.62 | 1.19 | 4.58 | 2.5 | 2.37% | 73% |
| IAG.TO | Indu. Alliance Insur and Fin'l Ser. | 39.59 | 8.91 | 4.44 | 1.12 | 2.83 | 1.1 | 3.29% | 25% |
| IMO.TO | Imperial Oil Ltd. | 42.05 | 16.62 | 2.53 | 0.43 | 1.02 | 1.59 | 3.70% | 17% |
| CAE.TO | CAE Inc. | 13.79 | 17.96 | 0.77 | 0.3 | 2.12 | 2.24 | 4.39% | 39% |
| POW.TO | Power Corporation of Canada | 27.68 | 7.61 | 3.64 | 1.16 | 4.18 | 1.07 | 4.45% | 32% |
| CGO.TO | COGECO Inc. | 51.98 | 10.92 | 4.76 | 1.02 | 1.92 | 1.51 | 4.76% | 21% |
| TRP.TO | TransCanada | 43.98 | 18.02 | 2.44 | 2.08 | 4.87 | 1.87 | 4.84% | 85% |
| SAP.TO | Saputo Inc. | 29.87 | 19.78 | 1.51 | 0.54 | 1.82 | 3.26 | 5.07% | 36% |
| MX.TO | Methanex Corp. | 48.79 | 16.3 | 2.99 | 1.46 | 2.97 | 2.58 | 5.63% | 49% |
| SNC.TO | SNC-Lavalin Group Inc. | 37.95 | 4.32 | 8.78 | 1 | 2.55 | 1.68 | 5.74% | 11% |
| ESI.TO | Ensign Energy Services Inc. | 8.64 | 146.44 | 0.06 | 0.48 | 5.4 | 0.62 | 5.75% | 800% |
| RY.TO | Royal Bank of Canada | 72.41 | 11.04 | 6.56 | 3.16 | 4.36 | 1.93 | 6.41% | 48% |
| ET.TO | Evertz Technologies Limited | 15.6 | 18.14 | 0.86 | 0.72 | 4.83 | 3.05 | 6.41% | 84% |
| PJC-A.TO | The Jean Coutu Group (PJC) Inc. | 20.24 | 17.75 | 1.14 | 0.57 | 2.8 | 3.59 | 6.41% | 50% |
| IGM.TO | IGM Financial Inc. | 36.34 | 11.92 | 3.05 | 2.25 | 6.35 | 1.93 | 6.82% | 74% |
| SU | Suncor Energy Inc. | 25.86 | 35.87 | 0.72 | 0.88 | 3.4 | 1.23 | 6.86% | 122% |
| CCO.TO | Cameco Corporation | 17.62 | 1,174.67 | 0.02 | 0.4 | 2.21 | 1.3 | 7.11% | 2000% |
| CNQ.TO | Canadian Natural Resources | 26.95 | 18.66 | 1.44 | 0.92 | 3.47 | 1.1 | 7.76% | 64% |
| ENB.TO | Enbridge Inc. | 51.11 | 218.42 | 0.23 | 1.86 | 3.58 | 3.93 | 7.76% | 809% |
| TD.TO | The Toronto-Dominion Bank | 51.66 | 12.39 | 4.17 | 2.04 | 3.94 | 1.58 | 8.19% | 49% |
| PWF.TO | Power Financial Corporation | 31.48 | 9.82 | 3.2 | 1.49 | 4.76 | 1.45 | 8.33% | 47% |
| CNR.TO | Canadian National Railway | 74.71 | 18.48 | 4.04 | 1.25 | 1.71 | 4.37 | 8.57% | 31% |
| FTS.TO | Fortis Inc. | 36.61 | 16.54 | 2.21 | 1.36 | 3.86 | 1.41 | 8.67% | 62% |
| FCR.TO | First Capital Realty Inc. | 18.43 | 18.16 | 1.02 | 0.86 | 4.63 | 1.13 | 8.86% | 84% |
| NA.TO | National Bank of Canada | 42.99 | 9.62 | 4.47 | 2.08 | 4.8 | 1.59 | 9.25% | 47% |
| KEY.TO | Keyera Corp. | 37.75 | 34.63 | 1.09 | 1.5 | 4.05 | 4.87 | 9.44% | 138% |
| TA.TO | TransAlta Corp. | 6.12 | 94.15 | 0.06 | 0.72 | 12.59 | 0.79 | 9.68% | 1200% |
| BNS.TO | The Bank of Nova Scotia | 58.1 | 10.92 | 5.32 | 2.72 | 4.68 | 1.47 | 10.46% | 51% |
| PPL.TO | Pembina Pipeline Corporation | 33.75 | 40.96 | 0.82 | 1.83 | 5.4 | 2.14 | 10.51% | 223% |
| GWO.TO | Great-West Lifeco Inc. | 32.41 | 11.99 | 2.7 | 1.3 | 4 | 1.78 | 10.61% | 48% |
Analyst Estimates
Below is a snapshot of the analysts’ low estimated earnings assuming the same price-to-earnings ratio that the stocks currently have and the percentage change in price that is implied based on these low earnings estimates. For the stocks that currently don’t have earnings, a P/E ratio of 14 was assigned.
CNQ.TO, SNC.TO and IMO.TO are expected by the analysts to suffer greatly in the coming year. We think that the opposite will be true. Analyst expectations for companies on the far right side of the above table will not come near the triple digit and above estimates. As always, we recommend starting your research with the stocks on the far left and through a process of elimination work your way to the middle range. Consideration of dividend payout ratio can be helpful if the recession in Canada becomes extended or entrenched.