Wednesday, February 2, 2011

The Passive Income Earner

The Passive Income Earner

February 2nd, 2011 | Tags: , , , | Category: DRIP,DIVIDENDS, FINANCE, INVESTING | LEAVE A COMMENT

TSX60 Index: Who is in it?

The TSX60 is an index that tracks the 60 largest companies trading on the Toronto Stock Exchange as measured by market capitalization. Those are the heavy hitters in Canada and I was curious of their dividend yields and which ones are also part of the Canadian Dividend Aristocrats.

I have crossed referenced the Dividend Aristocrats in green below that are present in the TSX60 for a total of 18 companies. If the banks had not dropped out recently, there would more.

TSX60 Index

Company NameTickerQuoteYieldMarket Cap
Royal Bank of CanadaRY.TO$54.333.68%77.43
Toronto-Dominion BankTD.TO$76.113.21%66.86
Suncor Energy IncSU.TO$41.610.96%65.03
Bank of Nova ScotiaBNS.TO$57.433.41%59.90
Potash Corp of SaskatchewanPOT.TO$181.200.15%51.53
Canadian Natural ResourcesCNQ.TO$44.951.33%48.91
Barrick Gold CorpABX.TO$47.841.02%47.65
Imperial Oil LtdIMO.TO$44.000.91%37.29
Teck Resources Limited Subvtg BTCK.B$62.420.96%36.80
Thomson Reuters CorporationTRI.TO$40.522.86%33.72
Bank of MontrealBMO.TO$58.134.82%32.93
Manulife Financial CorpMFC.TO$17.952.9%31.81
Canadian National RailwaysCNR.TO$68.401.48%31.42
Research in Motion LtdRIM.TO$59.88-31.25
Canadian Imperial Bank of CommerceCM.TO$77.064.52%30.26
Goldcorp IncG.TO$40.790.88%30.03
BCE IncBCE.TO$36.435.41%27.53
TransCanada CorpTRP.TO$36.874.34%25.66
Cenovus Energy IncCVE.TO$34.032.35%25.59
EnCana CorpECA.TO$32.132.49%23.66
Husky Energy IncHSE.TO$27.574.35%23.43
Talisman Energy IncTLM.TO$23.042.26%23.43
Enbridge IncENB.TO$58.713.34%22.54
Rogers Communications Inc BRCI.B$35.043.65%19.82
Kinross Gold CorpK.TO$16.830.62%19.04
Brookfield Asset Management IncBAM.A$32.721.59%18.85
Sun Life Financial Serv CanadaSLF.TO$32.234.47%18.43
Cameco CorpCCO.TO$42.180.66%16.60
TELUS CorpT.TO$49.804.22%15.97
Agrium IncAGU.TO$90.12-14.24
Canadian Oil Sands LimitedCOS.TO$27.922.87%13.51
Magna International IncMG.TO$58.501.26%13.16
Nexen IncNXY.TO$24.840.81%13.04
Penn West Petroleum Ltd.PWT.TO$27.233.97%12.43
Agnico-Eagle Mines LtdAEM.TO$69.91-11.72
Valeant Pharmaceuticals International, Inc.VRX.TO$38.62-11.59
National Bank of CanadaNA.TO$70.403.75%11.44
Canadian Pacific Railway LtdCP.TO$67.101.61%11.35
Power Corp of Canada SubvtgPOW.TO$27.394.24%11.21
Loblaw Companies LtdL.TO$39.602.12%11.07
Bombardier Inc B SubvtgBBD.B$5.911.73%10.20
First Quantum Minerals LtdFM.TO$122.240.32%9.86
George Weston LtdWN.TO$71.712.01%9.26
Shaw Communications Inc BSJR.B$21.300.32%9.25
SNC – LAVALIN GROUP INC.SNC.TO$59.581.14%9.01
Eldorado Gold CorpELD.TO$16.310.31%8.93
Saputo IncSAP.TO$41.521.54%8.57
Yamana Gold IncYRI.TO$11.501.04%8.52
Shoppers Drug Mart IncSC.TO$37.292.41%8.11
IAMGOLD CorpIMG.TO$19.520.42%7.28
Tim HortonsTHI.TO$40.861.27%7.06
ARC Resources Ltd.ARX.TO$25.02-6.90
Fortis IncFTS.TO$34.843.21%6.05
Enerplus CorporationERF$32.256.75%5.74
Canadian Tire Corp Ltd A NvtgCTC.A$63.711.53%5.19
TransAlta CorporationTA.TO$20.985.42%4.62
Metro Inc AMRU.A$43.801.55%4.54
Inmet Mining CorpIMN.TO$78.000.25%4.38
Gildan Activewear Inc AGIL.TO$29.201.03%3.55
Yellow Media Inc.YLO$6.1110.65%3.13

I’ll admit that I was surprised to find 6 gold producers in the list. I am not much of a gold investor and I was aware of 2 of them from their exposure in the news but 10% of the index in gold is actually much more than I expected. I did, however, expect to find a strong financial and energy representation.

What do you make of the 18 dividend aristocrats amongst the TSx60? Only 5 of them have a yield about 3%. Would you restrict your selection to these 18 stocks to build a dividend portfolio?

Readers: Is the TSX60 an index you follow?


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