Canadian dividend aristocrats

Canadian dividend aristocrats list by sector 2023

The list of Canadian ”Dividend Aristocrats” stocks is managed by the firm Standard and Poors. The index is titled the S&P Canadian Dividend Aristocrats. It requires a minimum of 5 years of successive dividend increases, which is low compared to the minimum 25 years for the US version of the index. You can check out our article on America’s Dividend Aristocrats here by sector. For this post, we will share the list of Canadian “dividend aristocrats” stocks that have increased their dividends for at least five consecutive years! All these stocks are Canadian companies listed on the TSX.

The list below is a good start for any dividend investor to pick from the best dividend stocks. The list is organized by sector and includes the dividend yield and the number of consecutive dividend increases (in years). Besides, we also have growth statistics: – five-year growth of revenues and five years growth of dividends.

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Why invest in Canadian dividend aristocrats

If you are asking yourself, what is the typical profile of a dividend aristocrat stock? I have listed some common characteristics below:

Dividend aristocrats tend to dominate their industry

• The vast majority are companies that are well established in their sector. They manage to generate significant profits thanks to their comfortable position against the competition. They also sometimes operate in regulated markets such as electric utilities with almost no competition;

Safe heaven during turbulent times

• “Dividend aristocrats” are sometimes considered by the financial market as safe havens in the event of a market correction or decline. Indeed, dividend aristocrats are generally less volatile than the market, and there are less targeted by speculators;

Strong financial statements

• “Dividend aristocrats” will tend to have a better financial situation in terms of liquidity than the rest of the market. Their levels of liquidity or debt are generally better than the rest of the market;

Limited growth but there are exceptions

• In general, dividend aristocrats are mature businesses. That is, the growth potential is quite limited. However, some companies can pay dividends and invest in their growth. Usually, the dividend payout ratio is a good indicator. If the rate is low, it means the business is saving some money to grow. Business with high dividend pay out ratio have no financial resources left to grow.

Financial Services

the number of Consecutive Years of Dividend Increases DGR Streak

SymbolDGR Streak
CWB.TO30
IFC.TO17
NA.TO12
BNS.TO11
CM.TO11
TD.TO11
RY.TO11
GCG.A.TO11
EQB.TO11
FN.TO10
BMO.TO10
ONEX.TO9
MFC.TO8
IAG.TO8
GWO.TO7
POW.TO7
SLF.TO7
GSY.TO7
X.TO6

Industrials

The number of Consecutive Years of Dividend Increases DGR Streak

SymbolDGR Streak
TIH.TO32
TRI.TO28
CNR.TO26
TCL.A.TO20
FTT.TO20
RBA.TO19
LGT.B.TO12
WCN.TO12
HDI.TO11
TFII.TO11
STN.TO10
SIS.TO9
MAL.TO9
BDGI.TO6
CP.TO6
ALC.TO5

Consumer defensive

the number of Consecutive Years of Dividend Increases DGR Streak

SymbolDGR Streak
EMP.A.TO27
MRU.TO27
SAP.TO24
DOL.TO11
WN.TO10
L.TO10
PBH.TO9
MFI.TO7
JWEL.TO5

Communication

the number of Consecutive Years of Dividend Increases DGR Streak

SymbolDGR Streak
T.TO18
CCA.TO18
CGO.TO17
BCE.TO13
RAY.A.TO7
QBR.B.TO7

Energy

the number of Consecutive Years of Dividend Increases DGR Streak

SymbolDGR Streak
IMO.TO27
ENB.TO26
TRP.TO21
CNQ.TO21
PPL.TO10
PKI.TO9

Utilities

the number of Consecutive Years of Dividend Increases DGR Streak

SymbolDGR Streak
CU.TO50
FTS.TO48
ACO.X.TO28
EMA.TO15
AQN.TO11
CPX.TO8
GWR.TO8
H.TO6

Real estate (Reits)

the number of Consecutive Years of Dividend Increases DGR Streak

SymbolDGR StreakSector
GRT.UN.TO11REIT – Industrial
AP.UN.TO10REIT – Office
CAR.UN.TO10REIT – Residential
IIP.UN.TO10REIT – Residential
CRT.UN.TO9REIT – Retail
CSH.UN.TO6REIT – Healthcare Facilities
MRG.UN.TO6REIT – Residential
KMP.UN.TO5REIT – Residential
SMU.UN.TO5REIT – Industrial

Consumer cyclical

the number of Consecutive Years of Dividend Increases DGR Streak

SymbolDGR Streak
CCL.B.TO20
XTC.TO16
BYD.TO15
MG.TO12
ATD.TO12
CTC.A.TO11
QSR.TO7
LNF.TO5

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