Below is the performance of the stocks that were on our Canadian Dividend Watch List from August 2014:
symbol | Name | 2014 | 2015 | % Chg |
TA.TO | TransAlta Corp. | 12.72 | 6.42 | -49.53% |
ESI.TO | Ensign Energy Services Inc. | 16.25 | 9.06 | -44.25% |
CGX.TO | Cineplex Inc. | 40.35 | 46.29 | 14.72% |
RCI-B.TO | Rogers Communications Inc. | 43.24 | 46.9 | 8.46% |
D-UN.TO | Dream Office REIT | 28.95 | 21.48 | -25.80% |
TLM.TO | Talisman Energy Inc. | 11.32 | 9.48 | -16.25% |
CMG.TO | Computer Modelling Group Ltd. | 12.46 | 11.68 | -6.26% |
CJR-B.TO | Corus Entertainment Inc. | 24.85 | 13 | -47.69% |
NWC.TO | North West Company Inc. | 24.29 | 27.12 | 11.65% |
IGM.TO | IGM Financial Inc. | 50.64 | 36.24 | -28.44% |
CWT-UN.TO | Calloway REIT | 26.25 | 29.41 | 12.04% |
The entire list lost –15.58% which is compared to the Toronto Stock Exchange decline of –12.16% in the period from August 15, 2014 to August 21, 2015. The top five stocks on our list averaged a loss of –19.08% which is substantially more than the index. Below we’ve outlined the performance of the watch list stocks compared to the analyst estimates.
This is one of the best examples (so far) of the analysts being accurate about the estimated price change that we’ve seen so far. Talisman, TransAlta, Dream Office REIT, Rogers Communications, North West Co. and Cineplex all came within reasonable distance of the projected targets or move in the stock price. The remaining stocks that did not meet expectations failed miserably and in a directions that was highly unfavorable to investors.
Canadian Dividend Watch List for August 2015
Below is the list of stocks that we think are worth your consideration and due diligence.