2014 Canadian Dividend Aristocrats

Dividend AristocratsThe dividend aristocrats list is a very important list for me. It’s my initial starting point when I filter companies for my core portfolio. The list is built based on the companies’ track record which demonstrate a certain management protocol from the board of directors and the companies’ management teams.

At its core, the list highlights companies increasing their dividends annually and it therefore contributes to my compound growth strategy.

Related: 10-10 Rule of Dividend Investing

Canadian Dividend Aristocrats Requirements

  1. The company’s security is a common stock or income trust listed on the Toronto Stock Exchange and a constituent of the S&P Canada BMI. .
  2. The security has increased ordinary cash dividends every year for five years, but can maintain the same dividend for a maximum of two consecutive years within that five year period.
  3. The float-adjusted market capitalization of the security, at the time of the review, must be at least C$ 300 million.
  4. For index additions, the company must have increased dividend in the first year of the prior five years of review for dividend growth. This rule does not apply for current index constituents.

Canadian Dividend Aristocrats Performance

Questrade Discount BrokerIf you are interested in the dividend aristocrats but you don’t want to buy them separately, you can buy the ETF  CDZ – ISHARES SP TSX CDN DIVIDEND IDX FD (a.k.a Claymore S&P/TSX Canadian Dividend ETF). It’s a good pick for a RESP investment as well since it’s hard to grow that account really fast.

Related: RESP Investment Planning

If you like ETFs, you should know that Questrade offers free ETF transactions. That’s perfect for investing small amount at a time when you get started.

Canadian Dividend Aristocrats List

Below is the list for 2014 sorted alphabetically with the addition and removal highlighted afterwards.

Disclaimer: I do own some of the companies listed in the list. See my Dividend Income for my list of holdings.

Company NameTickerTrend AnalysisPriceDividendYieldMarket Cap (B$)P/E
AGF Management Ltd B NvtgAGF.BMarket Trend$11.74$1.089.20%1.0146.35
Atco Ltd I NvtgACO.XMarket Trend$51.87$0.861.66%5.9714.32
Bank of Nova Scotia HalifaxBNS.TOMarket Trend$63.61$2.483.90%77.2812.34
BCE IncBCE.TOMarket Trend$48.39$2.334.82%37.5519.02
Bird Construction Inc.BDT.TOMarket Trend$13.45$0.241.78%0.5718.27
Boyd Group Income FundBYD.UNMarket Trend$33.55$0.481.43%0.51#N/A
CAE IncCAE.TOMarket Trend$15.25$0.241.57%4.0122.77
Cameco CorpCCO.TOMarket Trend$26.85$0.41.49%10.6233.34
Canadian National RailwaysCNR.TOMarket Trend$62.19$11.61%51.4120.14
Canadian Natural ResourcesCNQ.TOMarket Trend$41.59$0.81.92%45.3020.54
Canadian Pacific Railway LtdCP.TOMarket Trend$173.19$1.40.81%30.3934.9
Canadian Real Estate Inv TrstREF.UNMarket Trend$43.59$1.683.85%3.0035.15
Canadian Tire Corp Ltd A NvtgCTC.AMarket Trend$99.52$1.761.77%7.9614.39
Canadian Utilities Ltd A NvtgCU.TOMarket Trend$39.29$1.082.75%10.2618.78
Canadian Western BankCWB.TOMarket Trend$36.09$0.762.11%2.8815.34
CCL Industries Inc BCCL.BMarket Trend$92.90$0.880.95%3.1930.76
Cineplex Inc.CGX.TOMarket Trend$41.48$1.443.47%2.6131.46
Cogeco Cable IncCCA.TOMarket Trend$55.29$1.22.17%2.7114.07
Cogeco IncCGO.TOMarket Trend$52.80$0.881.67%0.8912.94
Computer Modelling Group LtdCMG.TOMarket Trend$29.94$0.722.40%1.1743.56
Constellation Software Inc.CSU.TOMarket Trend$265.48$4.241.60%5.6356.45
Corus Entertainment Inc B NvtgCJR.BMarket Trend$24.66$1.084.38%2.098.02
Dorel Industries BDII.BMarket Trend$36.02$1.243.44%1.1513.91
Emera IncEMA.TOMarket Trend$32.97$1.444.37%4.6720.16
Empire Co Ltd A NvtgEMP.AMarket Trend$70.22$1.041.48%8.8914.69
Enbridge IncENB.TOMarket Trend$48.63$1.42.88%40.4445.96
Enbridge Income Fund Holdings Inc.ENF.TOMarket Trend$25.49$1.385.41%1.4416.41
Enghouse Systems LimitedESL.TOMarket Trend$34.50$0.320.93%0.9037.59
Ensign Energy ServicesESI.TOMarket Trend$17.59$0.482.73%2.7017.93
Evertz Technologies LtdET.TOMarket Trend$17.76$0.643.60%1.3227.29
Exchange Income CorporationEIF.TOMarket Trend$21.10$1.687.96%0.4550.26
Finning Intl IncFTT.TOMarket Trend$30.21$0.61.99%5.2015.53
Fortis IncFTS.TOMarket Trend$30.63$1.284.18%6.5318.79
Franco-Nevada CorpFNV.TOMarket Trend$56.26$0.240.43%8.27130.33
Genworth MI Canada IncMIC.TOMarket Trend#N/A#N/A#N/A#N/A
Gluskin Sheff + AssociatesGS.TOMarket Trend$31.78$0.82.52%0.9410.81
High Liner Foods IncHLF.TOMarket Trend$46.94$0.761.62%0.8018.93
Home Capital Group IncHCG.TOMarket Trend$88.66$1.281.44%3.0812.08
IGM Financial IncIGM.TOMarket Trend$54.65$2.163.95%13.7918.11
Imperial Oil LtdIMO.TOMarket Trend$50.70$0.521.03%42.9715.24
Intact Financial CorporationIFC.TOMarket Trend$66.91$1.922.87%8.8021.64
Jean Coutu Group Inc A SubvtgPJC.AMarket Trend$21.99$0.361.64%6.4610.79
Keyera Corp.KEY.TOMarket Trend$66.35$2.43.62%5.2635.57
Laurentian Bank CanadaLB.TOMarket Trend$45.59$2.044.47%1.3111.46
Major Drilling Group Intl IncMDI.TOMarket Trend$9.50$0.22.11%0.75#N/A
Methanex CorpMX.TOMarket Trend$78.76$0.881.12%7.5721.01
Metro Inc.MRU.TOMarket Trend$62.65$1.21.92%5.568.64
Northern Property REITNPR.UNMarket Trend$28.89$1.565.40%0.923.77
Pason Systems IncPSI.TOMarket Trend$28.71$0.62.09%2.36104.98
Ritchie Bros Auctioneers IncRBA.TOMarket Trend$24.75$0.562.26%2.6529.19
Rogers Communications Inc BRCI.BMarket Trend$43.64$1.844.22%22.4613.53
Saputo IncSAP.TOMarket Trend$56.07$0.921.64%10.9221.54
Shaw Communications Inc BSJR.BMarket Trend$26.13$1.084.13%11.9215.86
ShawCor Ltd ASCL.TOMarket Trend$45.20$0.481.06%5.4010.75
Shoppers Drug Mart IncSC.TOMarket Trend$60.70$1.121.85%12.1620.42
SNC – LAVALIN GROUP INC.SNC.TOMarket Trend$48.45$0.961.98%7.36192.84
Stella-Jones Inc.SJ.TOMarket Trend$26.76$0.20.75%1.8420.49
Suncor Energy IncSU.TOMarket Trend$36.91$0.922.49%54.5614.23
TELUS CorpT.TOMarket Trend$38.56$1.443.73%48.0419.17
Thomson Reuters CorporationTRI.TOMarket Trend$37.84$1.483.91%30.98237.29
Tim HortonsTHI.TOMarket Trend$60.79$1.282.11%8.4021.9
Toronto-Dominion BankTD.TOMarket Trend$50.47$1.883.72%92.9614.04
TransCanada CorpTRP.TOMarket Trend$49.30$1.923.89%34.8820.39
Transcontinental A SubvtgTCL.AMarket Trend$15.05$0.563.72%1.17#N/A
Uni-Select IncUNS.TOMarket Trend$28.99$0.521.79%0.6236.2
Wi LAN IncWIN.TOMarket Trend$3.38$0.164.73%0.41#N/A

Dividend Aristocrats Addition

  • BCE Inc
  • Cogeco Inc
  • Enghouse Systems Limited
  • Franco-Nevada Corp
  • Gluskin Sheff + Associates
  • High Liner Food Inc
  • Uni-Select Inc
  • Wi LAN Inc

Dividend Aristocrats Removal

  • Reitmans Canada Ltd A
  • Talisman Energy Inc
  • Ag Growth International Inc
  • Atlantic Power Corporation
  • Barrick Gold Corp


All content posted on this blog represents my opinion and views and should never be considered professional advice. You should do your own research and consult with a professional financial advisor before making any investment decisions. Make your decision at your own risk – see my full disclaimer for more details.

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