It's never easy being a retail investor trying to dig through the mountains of information searching for a deal. We don't have a staff to read every company's financial reports and comb through their balance sheets. Well, fear not, I have done a bit of the heavy lifting to (hopefully) find some diamonds in the rough! This is my list of Canadian Dividend Kings.

September Canadian Dividend Kings List

It’s never easy being a retail investor trying to dig through the mountains of information searching for a deal. We don’t have a staff to read every company’s financial reports and comb through their balance sheets.  Well, fear not, I have done a bit of the heavy lifting to (hopefully) find some diamonds in the rough! This is my list of Canadian Dividend Kings.

About my list

There are over 1500 stocks on the TSX and only 13 made my September list! As you can see by the list below, it’s not easy being a Canadian Dividend King and these stocks all had to pass a series of test to make it on the list.

The Criteria

  1. The company must have 5 or more years of uninterrupted dividend growth.
  2. The company must have a Graham number greater than its current share price.
  3. Its payout ratio must be under 70%
  4. Its P/E ratio must be under 15
  5. The company must have a price to book ratio under 2

 

SEPTEMBER CANADIAN DIVIDEND KINGS

TickerStreak YearsDiv Yield%Aug 31 price.Graham ValueTTM P/EEPSAnnual DiviPayout Ratio%P/BookDiv Growth 10year%
1CWB.TO243.49$26.33$43.117.173.670.9225.071.1715.7
2HCG.TO173.28$29.30$45.587.443.940.9624.371.2526.3
3TCL-A.TO143.85$19.20$26.638.072.380.7431.091.4512.3
4ACD.TO103.87$9.30$14.059.211.010.3635.641.076.9
5XTC.TO102.30$12.15$12.5110.951.110.2825.231.9417.0
6LB.TO84.88$49.16$61.3613.893.542.4067.801.046.6
7MIC.TO74.91$34.21$57.988.703.931.6842.750.90n/a
8WJA.TO62.31$24.20$29.7710.252.360.5623.731.45n/a
9BNS.TO54.24$69.81$71.3212.535.572.9653.141.727.5
10CM.TO54.65$104.10$112.0910.1110.304.8446.991.925.1
11GRT-UN.TO55.84$41.68$60.0210.144.112.4459.271.0713.4
12EQB.TO51.41$59.50$91.447.817.620.8411.021.229.0
13TD.TO53.76$58.52$59.6413.214.432.2049.661.649.7

These are the companies that made it onto the list.

  1. Genworth MI Canada Inc. Insurance
  2. Canadian Western Bank.  Banks
  3. Home Capital Group. – Banks
  4. Equitable Group. – Finance
  5. Accord Financial Corp. -Credit Service
  6. Granite Real Estate Investment Trust REIT. – Industrial
  7. Transcontinental.- Publishing
  8. Laurentian Bank Of Canada. -Banks
  9. Westjet Airlines Ltd. -Airlines
  10. Canadian Imperial Bank of Commerce.-Banks
  11. Exco Technologies.-Auto Parts
  12. Bank of Nova Scotia.- Banks
  13. Toronto Dominion Bank.-Banks

Final Thoughts

The best way to use my Canadian Dividend Kings list is as a starting point for your own research. Don’t feel confined to my methods. Look up the values that mean the most to you. Like any screening method , the purpose of the Canadian Dividend Kings list is to help you dig through the stock market to find some hidden gems, which can then be further research by you.

Disclosure. I’m long CWB and may or may not purchase shares in any of the stocks in this post.

Resources from: Morningstar, Google Finance, Zacks,

Canadian dividend champion list provided and maintained by dividendgrowthinvestingandretirement