One of the keys to successful investing is the DCA (Dollar Cost Average) strategy, where you set aside a certain amount of money to regularly invest with. Studies have shown that this method outperforms “Buying the Dip”. Does this mean you should blindly DCA into markets? Well… that’s up to you. Personally, I prefer to identify opportunities that offer great forward potential.
I have explored dividend stock lists before, such as this REITs list, achieving tech-level performance without tech, or 4 stocks to gain tech exposure indirectly. This list is a step above those as I try to improve on the quality of content I deliver, and as I gain more knowledge of investing.
The following list were compiled using a simple screener I developed. There should be something for dividend investors of all stripes here, whether it’s bond-proxy income, high yield, or dividend growth. It is important to note that this list is only sorted alphabetically, and not by ranking. Additionally, this list does not assess the viability of the business. As such, it is highly recommended that you follow through with your own due diligence
Bank of Montreal
Bank of Montreal is a multinational investment bank and financial services company. Founded in 1817, it is the fourth largest bank in Canada by market capitalization. BMO is one of the Big Five banks in Canada, and one of the ten largest in North America. The company has not missed a dividend payment since 1829, and has continued to pay dividends through major crises such as WW1, the Great Depression, WW2, and the 2008 financial crisis. As such, Bank of Montreal has one of the longest dividend payment histories in the world. Bank of Montreal is also Canadian Dividend Aristocrat.
Investment Data
- Ticker: TSE:BMO
- Sector: Financial Services
- Industry: Banks – Diversified
- Market Cap: 49.75B
- P/E: 11.12
- Dividend Yield: 5.32%
Bell
Bell is a telecommunications company founded in 1880 and is one of Canada’s largest corporations by revenue and capitalization. Bell provides mobile, telephone, internet, digital television and radio broadcasting services to over 13 million customers. Their biggest competitors are Rogers Communications, Telus, Shaw and Quebecor (Videotron). Bell is a Canadian Dividend Aristocrat.
Investment Data
- Ticker: TSE:BCE
- Sector: Communication Services
- Industry: Telecom Services
- Market Cap: 50.15B
- P/E: 20.41
- Dividend Yield: 5.72%
Brookfield Asset Management
Brookfield is an alternative asset management company. Through their subsidiaries, the company operates real estate, renewable power, infrastructure and private equity. They have approximately $550 billion in assets under management and 120 years of experience. Brookfield Asset Management is a Canadian Dividend Aristocrat.
Investment Data
- Ticker: TSE:BAM.A
- Sector: Financial Services
- Industry: Asset Management
- Market Cap: 70.98B
- P/E: 129.43
- Dividend Yield: 1.51%
CAPREIT
CAPREIT owns and manages multifamily apartment communities through the US and Canada. This growth-oriented investment trust is the largest Canadian REIT by market capitalization. Canadian Apartments REIT is a Canadian Dividend Aristocrat.
Investment Data
- Ticker: TSE:CAR.UN
- Sector: Real Estate
- Industry: REIT – Residential
- Market Cap: 8.07B
- P/E: 7.92
- Dividend Yield: 2.96%
Enbridge
Enbridge is a Canadian multinational energy transportation company. They operate the longest crude oil and liquid hydrocarbon transportation in North America. They also own and operate Canada’s largest natural gas distribution network, servicing Ontario, Quebec and New York State. As of the time of this writing, they are one of the best dividend growth stocks and are a high yield stock. Enbridge is a Canadian Dividend Aristocrat.
Investment Data
- Ticker: TSE:ENB
- Sector: Energy
- Industry: Oil and Gas Midstream
- Market Cap: 78.17B
- P/E: 40.57
- Dividend Yield: 7.95%
Genworth MI Canada Inc.
Genworth MI is a Canadian, partially owned subsidiary of Genworth Financial. It is the largest private-sector residential mortgage insurer in Canada, and the second largest overall. Genworth MI is a Canadian Dividend Aristocrat.
Investment Data
- Ticker: TSE:MIC
- Sector: Financial Services
- Industry: Insurance – Speciality
- Market Cap: 3.00B
- P/E: 7.46
- Dividend Yield: 6.21%
InterRent REIT
InterRent REIT is a Canadian real estate investment trust, specializing in residential real estate. Founded in 2006, it was listed on the TSX in 2007. For the past 10 years, the company has grown significantly, doubling its portfolio. They own apartment complexes in medium-sized centres in Ontario and Quebec, such as Ottawa, Hamilton, the Greater Toronto Area, and Montreal. They specialize in investing in poorly managed properties and turning them into high quality apartments with equally impressive amenities for new and existing residents. InterRent REIT is a Canadian Dividend Aristocrat.
Investment Data
- Ticker: TSE:IIP.UN
- Sector: Real Estate
- Industry: REIT – Residential
- Market Cap: 1.76B
- P/E: 4.36
- Dividend Yield: 2.48%
Scotiabank
Bank of Nova Scotia is a multinational banking and financial services company. Founded in 1832, it is the third largest bank in Canada by deposits and market capitalization. It is one of Canada’s Big Five banks. They have recently expanded into Latin America, the Caribbean, Europe and Asia. Scotiabank is a Canadian Dividend Aristocrat.
Investment Data
- Ticker: TSE:BNS
- Sector: Financial Services
- Industry: Banks – Diversified
- Market Cap: 68.676B
- P/E: 9.92
- Dividend Yield: 6.42%
TC Energy
TC Energy is a major North American energy company that develops and operates energy infrastructure in Canada, the United States, and Mexico. Their three core businesses are natural gas pipelines, liquids pipelines and energy. They transport more than 25% of North American natural gas demand. TC Energy is a Canadian Dividend Aristocrat.
Investment Data
- Ticker: TSE:TRP
- Sector: Energy
- Industry: Oil and Gas Midstream
- Market Cap: 52.56B
- P/E: 12.27
- Dividend Yield: 5.37%
Toronto-Dominion Bank
Toronto-Dominion Bank is a multinational banking and financial services corporation, founded through the merger of the Bank of Toronto and the Dominion Bank, which were founded in 1855 and 1869, respectively. It one of Canada’s Big Five banks, and is the largest bank in Canada by total assets, and the second largest by market capitalization. Additionally, TD Bank is one of the top 10 banks in North America and one of the largest banks globally. The Financial Stability Board designated TD Bank as a global systemically important bank. TD Bank is a Canadian Dividend Aristocrat.
Investment Data
- Ticker: TSE:TD
- Sector: Financial Services
- Industry: Banks – Diversified
- Market Cap: 113.26B
- P/E: 12.11
- Dividend Yield: 5.06%
