Sunday, May 19, 2013

Screen #1: Get Rich with Canadian Dividend Growers

A couple months ago, I read a book called "Get Rich With Dividends". It wasn't particularly informative, but it gave me the idea to run a screen for Canadian Dividend Growers. The criteria for the screen:
1. Traded on the TSX
2. Dividend yield of at least 4%
3. 3-year cumulative average dividend growth rate of at least 10%
4. Dividend payout ratio less than 75%.

Any guesses how many stocks on the TSX met the above criteria? Before I ran the screen, I was thinking less than ten...but as of May 19th, there are 13 companies. Listed in order of highest yielding to lowest:
- H&R REIT
- Iamgold
- Genworth
- Morguard REIT
- BCE
- Laurentian Bank
- Barrick Gold
- Boliden AB
- Pan America Silver Corp
- Evertz Technologies
- Corus Entertainment
- Brookfield Canada Office Properties
- Allied Properties REIT

If you'd like the specific screen results, let me know and I'll send them to you. Out of the 13, I own shares in three (H&R, BCE, and Laurentian Bank), and have Corus and Brookfield on my watch list. Since I know absolutely nothing about mining companies, I wouldn't touch the gold and silver companies listed above, but might consider the other two REITs and Evertz in the future.


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