globeadvisor.com: Mid-caps take dividend aristocrat crown
Mid-caps take dividend aristocrat crown
What are we looking for?
Let's take a look at the S&P/TSX Canadian dividend aristocrats index and see which members have the highest yields.
More about today's screen
S&P has calculated that dividends have contributed almost one-third of the total equity return of the S&P/TSX composite index since 1956.
S&P defines a Canadian dividend aristocrat as a company or trust that has increased cash dividends or distributions annually for at least five consecutive years.
To be eligible, a security must be listed on the Toronto Stock Exchange and have a minimum market capitalization of $300-million. Members are generally added and deleted once a year in December.
The index is adjusted on a monthly basis so that no stock may be weighted greater than 8 per cent of the index and no trust more than 5 per cent. The Claymore S&P/TSX Canadian Dividend exchange traded fund is designed to track this index.
The index currently has 39 members. We'll sort the list today by highest yield.
What did we find?
A few years ago, this list was dominated by banks and insurance companies.
Without the big finance services members, it is a mixed bag of mostly mid-cap names across a broad selection of sectors, led by energy at 28 per cent, industrials 15 per cent, consumer discretionary stocks at 14.4 per cent and financials 13 per cent.
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S&P/TSX CANADIAN DIVIDEND ARISTOCRATS INDEX
| Company name | Symbol | $ Price March 15 | 52-week high $ | 52-week low $ | Yield % | PE ratio | Price-to-book value per share | One-year price change % | YTD price change % | Index weighting % |
| Enbridge Incm Fund Hold. | ENF-T | 18.68 | 20.74 | 12.51 | 6.2 | 53.4 | 1.3 | 49.6 | 5.4 | 5.53 |
| North West Company | NWF-T | 22.23 | 23.00 | 17.02 | 6.1 | 13.5 | 3.5 | 21.0 | 5.2 | 5.22 |
| AGF Management | AGF.B-T | 19.00 | 19.99 | 13.36 | 5.5 | 14.5 | 1.5 | 2.2 | -4.3 | 5.03 |
| Bird Construction Inc. | BDT-T | 37.09 | 38.99 | 28.50 | 5.3 | 11.0 | 3.3 | 8.5 | -2.3 | 5.28 |
| Keyera Corp. | KEY-T | 37.65 | 37.98 | 25.05 | 5.1 | 20.5 | 3.4 | 43.0 | 8.0 | 5.31 |
| Shaw Communications | SJR.B-T | 20.08 | 23.50 | 18.37 | 4.6 | 19.9 | 3.0 | -2.5 | -6.0 | 3.93 |
| TELUS Corp. | T-T | 47.15 | 49.98 | 35.44 | 4.5 | 15.6 | 1.9 | 32.2 | 3.8 | 4.38 |
| Cdn. Real Estate Investment | REF.UN-T | 32.03 | 33.93 | 25.00 | 4.4 | 20.1 | 2.5 | 14.3 | 3.2 | 4.20 |
| TransCanada Corp. | TRP-T | 38.10 | 39.30 | 30.01 | 4.4 | 21.5 | 1.7 | 2.3 | -0.2 | 4.04 |
| Rogers Communications | RCI.B-T | 33.82 | 41.64 | 33.29 | 4.2 | 12.8 | 4.8 | -4.5 | -2.8 | 3.20 |
| Fortis Inc. | FTS-T | 32.13 | 35.45 | 21.60 | 3.6 | 19.6 | 1.7 | 11.9 | -5.0 | 3.11 |
| Corus Entertainment | CJR.B-T | 21.41 | 23.78 | 18.26 | 3.5 | 17.5 | 1.8 | 10.2 | -4.0 | 3.18 |
| Enbridge Inc. | ENB-T | 57.70 | 59.03 | 46.10 | 3.4 | 22.3 | 3.0 | 17.9 | 2.6 | 3.43 |
| Canadian Utilities | CU-T | 49.61 | 55.62 | 41.69 | 3.3 | 14.3 | 1.9 | 3.1 | -8.3 | 2.63 |
| Thomson Reuters | TRI-T | 37.86 | 41.61 | 35.83 | 3.2 | 35.7 | 1.6 | 0.3 | 0.9 | 3.02 |
| Intact Financial | IFC-T | 47.63 | 51.73 | 40.51 | 3.1 | 13.1 | 1.7 | 13.5 | -4.7 | 2.34 |
| Transcontinental Inc. | TCL.A-T | 15.24 | 17.25 | 11.44 | 2.9 | 7.4 | 1.0 | 16.0 | -3.2 | 2.01 |
| Shoppers Drug Mart | SC-T | 39.42 | 44.90 | 32.57 | 2.5 | 14.5 | 2.1 | -11.8 | -0.1 | 2.31 |
| CCL Industries | CCL.B-T | 29.68 | 34.66 | 25.61 | 2.4 | 17.2 | 1.3 | 3.5 | -2.4 | 1.83 |
| Ensign Energy Services | ESI-T | 16.06 | 17.74 | 11.38 | 2.4 | 24.0 | 1.6 | 10.0 | 7.8 | 2.90 |
| Pason Systems | PSI-T | 13.92 | 15.98 | 10.31 | 2.4 | 37.6 | 3.5 | 26.8 | 5.7 | 2.23 |
| Toromont Industries | TIH-T | 30.68 | 32.40 | 22.86 | 2.1 | 23.6 | 1.9 | 2.8 | -0.9 | 1.85 |
| ATCO Ltd. | ACO.X-T | 57.16 | 62.59 | 46.02 | 2.0 | 11.3 | 1.5 | 9.5 | -3.5 | 1.74 |
| Canadian National Railway | CNR-T | 70.86 | 72.79 | 56.80 | 1.8 | 15.7 | 2.9 | 20.4 | 6.8 | 1.57 |
| Finning International | FTT-T | 26.43 | 29.75 | 16.31 | 1.8 | 0.0 | 3.3 | 49.8 | -1.7 | 1.86 |
| Canadian Pacific Railway | CP-T | 62.84 | 69.48 | 53.57 | 1.7 | 16.3 | 2.2 | 11.4 | -2.9 | 1.49 |
| Metro Inc. | MRU.A-T | 45.29 | 47.47 | 40.57 | 1.7 | 12.4 | 1.9 | 6.3 | 0.5 | 1.37 |
| Cogeco Cable | CCA-T | 42.81 | 45.67 | 32.38 | 1.6 | 15.5 | 1.8 | 1.0 | 5.0 | 1.70 |
| Tim Hortons | THI-T | 43.22 | 44.50 | 32.30 | 1.6 | 12.0 | 5.1 | 27.8 | 4.9 | 1.20 |
| Source: Globe Investor |
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