We are at the beginning of a new month (right after seeing the Greek busting our party yesterday!) so it is now time for the TSX 60 ex-dividend date, dividend yield and dividend payout ratio. In addition to provide the TSX chart, I wanted to add a few random thoughts on those Canadian dividend stocks:
Canadian Gold Stocks Might Follow Newmont (NEW) and its Dividend Strategy
While price of gold has been sky rocketing since 2008, we can tell the same thing about Canadian gold stocks. In order to be more attractive to investors, some companies (Eldorado Gold ELD is mentioned in several rumors) may follow their American competitor Newmont (NEW) in their dividend payout strategy. NEW as declared their dividend payout will follow the price of gold. Therefore, if the price of gold goes up and the stock doesn’t, at least you will have a reason to celebrate!
Better be part of the Top Canadian dividend stocks:
Ticker Name Price Dividend Yield Payout Ratio Ex-Dividend
ERF Enerplus Corp 27.72 7.79 302.2 2011/11/08
PWT Penn West Petroleum Ltd 17.81 6.06 303.54 2011/12/28
SLF Sun Life Financial Inc 25.16 5.72 50.94 2011/11/21
TA TransAlta Corp 21.93 5.29 146.33 2011/11/29
BCE BCE Inc 39.51 5.24 62.45 2011/12/13
COS Canadian Oil Sands Ltd 23.1 5.19 101.13 2011/11/23
CM Canadian Imperial Bank of Commerce/Canada 75.1 4.79 59.13 2011/12/28
BMO Bank of Montreal 58.89 4.75 58.75 2012/02/01
ARX ARC Resources Ltd 25.35 4.73 120.21 2011/11/28
HSE Husky Energy Inc 25.59 4.69 86.96 2011/11/23
POW Power Corp of Canada 25.1 4.62 61.32 2011/12/07
SJR/B Shaw Communications Inc 20.19 4.56 72.56 2011/11/10
RY Royal Bank of Canada 48.62 4.44 57.26 2012/01/24
TRI Thomson Reuters Corp 29.49 4.22 106.62 2011/11/15
T TELUS Corp 53.63 4.1 62.09 2011/12/07
NA National Bank of Canada 71.14 3.99 41.4 2011/12/20
TRP TransCanada Corp 42.37 3.97 90.38 2011/12/28
BNS Bank of Nova Scotia 52.53 3.96 50.1 2011/12/30
MFC Manulife Financial Corp 13.16 3.95 N/A 2011/11/14
RCI/B Rogers Communications Inc 36.35 3.91 48.3 2011/12/13
ECA Encana Corp 21.62 3.71 39.36 2011/12/13
TD Toronto-Dominion Bank/The 75.23 3.62 47.6 2012/01/04
FTS Fortis Inc/Canada 33.7 3.44 85.61 2011/11/09
ENB Enbridge Inc 34.53 2.84 67.29 2011/11/10
MG Magna International Inc 38.03 2.57 10.48 2011/11/25
BBD/B Bombardier Inc 4.12 2.43 23.67 2012/01/11
SC Shoppers Drug Mart Corp 41.9 2.39 33.13 2011/12/28
CVE Cenovus Energy Inc 34.14 2.34 60.52 2011/12/13
L Loblaw Cos Ltd 38.15 2.2 34.36 2011/12/13
WN George Weston Ltd 69.09 2.08 289.98 2011/12/13
TCK/B Teck Resources Ltd 39.96 2 15.86 2011/12/13
CP Canadian Pacific Railway Ltd 61.61 1.95 27.45 2011/12/28
TLM Talisman Energy Inc 14.14 1.91 62.25 2011/12/07
CCO Cameco Corp 21.39 1.87 21.4 2011/12/28
SAP Saputo Inc 41.18 1.85 28.58 2011/12/01
CTC/A Canadian Tire Corp Ltd 59.58 1.85 16.27 N/A
BAM/A Brookfield Asset Management Inc 28.84 1.79 21.61 2012/01/25
SNC SNC-Lavalin Group Inc 50.09 1.68 23.5 2011/11/16
CNR Canadian National Railway Co 78.08 1.66 23.91 2011/12/07
MRU/A Metro Inc 48.84 1.58 17.66 2012/02/08
AEM Agnico-Eagle Mines Ltd 43.24 1.48 32.52 2011/11/29
THI Tim Hortons Inc 49.06 1.39 14.5 2011/11/29
SU Suncor Energy Inc 31.75 1.39 22.73 2011/11/30
YRI Yamana Gold Inc 14.88 1.24 14.28 2011/12/28
ABX Barrick Gold Corp 49.21 1.22 13.83 2011/11/28
NXY Nexen Inc 16.93 1.18 18.18 2011/12/07
GIL Gildan Activewear Inc 25.72 1.15 0 2011/11/16
IMO Imperial Oil Ltd 41.28 1.07 16.47 2011/11/30
CNQ Canadian Natural Resources Ltd 35.16 1.02 19.21 2011/12/14
IMG IAMGOLD Corp 21.43 0.9 10.66 2011/12/22
G Goldcorp Inc 48.5 0.87 11.12 2011/11/08
K Kinross Gold Corp 14.21 0.84 9.15 2012/03/20
ELD Eldorado Gold Corp 18.73 0.64 0 2012/02/08
POT Potash Corp of Saskatchewan Inc 47.18 0.61 6.52 2012/01/18
FM First Quantum Minerals Ltd 20.91 0.51 N/A 2012/04/10
SLW Silver Wheaton Corp 34.42 0.34 0 2011/12/15
IMN Inmet Mining Corp 59.5 0.34 3.12 2011/11/28
AGU Agrium Inc 82.18 0.13 2.33 2011/12/28
VRX Valeant Pharmaceuticals International Inc 39.36 0 N/A 2011/11/30
RIM Research In Motion Ltd 20.16 0 0 N/A
disclaimer: I own shares of NA, T, BNS, HSE
Nice list! Could you do a similar one with US stocks of the S&P500?
we actually do it over Intelligent Speculator:
http://www.intelligentspeculator.net/free_stock_picks/top-100-dividend-stocks-november-2011/
cheers,
Mike
I love when you post this list, helps to reassure some of my past purchases. I was thinking about adding a position of Moslon Coors TPX.B traded on the TSX to my borrowed investment account. I know TAP which trades on the NYSE wouldn’t qualify as Canadian dividends but would TPX be considered a Canadian Dividend? And allow me to write off the interest for this purchase?
Thanks.