The Canadian Aristocrats are different from the US: the company must increase its dividends for only 5 consecutive years… among other lower requirements! Still, many are blue chips, tied to classic Canadian sectors (banks, telcos, energy) that Americans can also benefit from. To help you research, we pulled out some of the best options in 7 different sectors!
Looking for ideas from both markets? Download our Dividend Rock Stars List with over 300 stocks showing positive revenue, EPS and dividend growth for the past 5 years+!
- Mike describes how the Canadian Aristocrats are different from the US ones and how it can influence your analysis of a company.
- Should you treat a Canadian Aristocrat that paused its dividend growth policy differently? Is it a reason strong enough to pass on it?
- The classics that could interest investors outside of Canada are Canadian Banks. They are well-capitalized and more diversified than US options.
- An insurance company deserves to be on this list: Intact Financial (IFC.TO). The top 5 insurers only cover 47% of the market and IFC has 17% of that market.
- The Brookfield family is also quite interesting. Mike summarizes the best parts of Brookfield. You can also download the complete report here.
- Three companies in the Industrials caught Mike’s attention: Canadian National Railway (CNR.TO/CNI), TFI International (TFII.TO), and one that we didn’t often discuss on the show: Thomson Reuters (TRI.TO). Mike explains what makes them attractive.
- Despite being part of a cyclical sector, Mike likes CCL Industries (CCL.B.TO), the world’s largest producer of pressure-sensitive and specialty extruded film materials.
- The consumer staples are not to be underestimated on the Canadian Dividend Aristocrats list. We can find Premium Brands (PBH.TO), Metro (MRU.TO), and of course, Alimentation Couche-Tard (ATD.TO).
- Communication services, especially Telcos, are other companies that could interest US investors because of the oligopoly they benefit from. Bell (BCE) and Telus (T.TO) stand out.
- Mike and Vero end with two REITs: Granite REIT (GRT.UN.TO) and Allied Properties (AP.UN.TO).
The Dividend Achievers show a minimum of 10 consecutive years with a dividend increase. They include Aristocrats and Kings. With 370 stocks, the broader list is an excellent place to start your research on the US market.
There are no maybes with Mike. He likes a company or he doesn’t, but he can state all the reasons why: whether it be the business model, the weak dividend triangle, or simply a better option available. Today’s episode might challenge some of your holdings, and you might disagree, but you might also discover flaws to remember.
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This podcast episode has been provided by Dividend Stocks Rock.
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