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2013 Canadian Dividend Aristocrats

A popular investing strategy is investing in stable dividend paying companies and setting up a DRIP program. Dividends make up a large part of the stock market return and dividend paying stocks tend to have less volatility. The Canadian Dividend Aristocrats is compromised of the most elite dividend paying stocks. These companies have consistently raised their dividends over the last few decades and are seen as the ultimate dividend payers.

Canadian Dividend Aristocrat Requirements

  1. The company’s security is a common stock or income trust listed on the Toronto Stock Exchange and a constituent of the S&P Canada BMI.
  2. The security has increased ordinary cash dividends every year for five years, but can maintain the same dividend for a maximum of two consecutive years within that five year period.
  3. The float-adjusted market capitalization of the security, at the time of the review, must be at least C$ 300 million.
  4. For index additions, the company must have increased dividend in the first year of the prior five years of review for dividend growth. This rule does not apply for current index constituents.

Canadian Dividend Aristocrats offers advantages that riskier growth stocks don’t. For instance:

  1. Dividend Aristocrats are stocks that you can buy, hold and collect dividends from. There is no need to check daily price movements.
  2. Dividend Aristocrats are generally blue chip companies with stable income streams.  These companies have a steady cash flow and have a record of returning profits to their shareholders.
  3. These firms generally exhibit lower stock price volatility, while delivering attractive and even superior returns.

Top 3 Canadian Aristocrats

These stocks pay high yield dividends, and have the potential for capital appreciation.

Bird Construction Inc. (BDT.TO) is a general contractor. The Company primarily builds industrial, commercial, and institutional projects.

PriceDividendYield52 week gain


Enbridge Inc. (ENB.TO) transports and distributes crude oil and natural gas primarily in North America.

PriceDividendYield52 week gain


Fortis Inc. (FTS.TO) operates as an electricity and natural gas distribution utility in Canada.

PriceDividendYield52 week gain


There are 57 stocks that qualify as Canadian Dividend Aristocrats:  See list below

Canadian Dividend Aristocrat List


Company NameTickerPriceDividendYieldMarket Cap (B$)P/E
Ag Growth International IncAFN.TO$35.19$0.206.82%0.4418.52
AGF Management Ltd B NvtgAGF.B$9.85$0.2710.96%0.9117.77
Atco Ltd I NvtgACO.X$84.34$0.281.33%4.8512.9
Atlantic Power CorporationATP.TO$12.42$0.109.66%1.48#N/A
Bank of Nova Scotia HalifaxBNS.TO$57.70$0.523.60%68.3511.05
Barrick Gold CorpABX.TO$34.03$0.161.88%34.0510.32
Bird Construction Inc.BDT.TO$14.28$0.054.20%0.612.96
Cameco CorpCCO.TO$21.16$0.101.89%8.3717.21
Canadian National RailwaysCNR.TO$93.63$0.321.37%40.415.53
Canadian Natural ResourcesCNQ.TO$29.09$0.091.24%31.8413.5
Canadian Pacific Railway LtdCP.TO$108.79$0.301.10%18.8227.14
Canadian Real Estate Inv TrustREF.UN$43.70$0.123.30%2.9742.02
Canadian Tire Corp Ltd A NvtgCTC.A$68.85$0.301.74%5.6111.21
Canadian Utilities Ltd A NvtgCU.TO$73.99$0.402.16%9.4817.32
Canadian Western BankCWB.TO$29.63$0.152.02%2.3313.33
CCL Industries Inc BCCL.B$45.51$0.171.49%1.5416.13
Cineplex Inc.CGX.TO$32.18$0.114.10%1.9919.88
Cogeco Cable IncCCA.TO$38.90$0.252.57%1.911.23
Cogeco IncCGO.TO$35.65$0.182.02%0.627.98
Computer Modelling Group LtdCMG.TO$22.25$0.111.98%0.8435.73
Constellation Software Inc.CSU.TO$126.36$1.013.20%2.6837.83
Corus Entertainment Inc B NvtgCJR.B$24.45$0.073.44%2.0413.68
Dorel Industries BDII.B$36.79$0.151.63%1.1611.22
Emera IncEMA.TO$35.66$0.343.81%4.4519.92
Empire Co Ltd A NvtgEMP.A$59.43$0.221.48%4.0410.83
Enbridge IncENB.TO$44.06$0.282.54%35.2442.62
Enbridge Income Fund Holdings Inc.ENF.TO$24.80$0.104.98%0.9914.03
Ensign Energy ServicesESI.TO$15.88$0.112.64%2.4210.96
Exchange Income CorporationEIF.TO$27.84$0.146.03%0.5722.43
Fairfax Financial Hldgs LtdFFH.TO$363.80$10.122.78%7.69#N/A
Finning Intl IncFTT.TO$26.06$0.132.00%4.4814.83
Fortis IncFTS.TO$34.66$0.303.46%6.6121.11
Home Capital Group IncHCG.TO$61.30$0.201.31%2.139.96
IGM Financial IncIGM.TO$41.86$0.545.16%10.5714.13
Imperial Oil LtdIMO.TO$43.93$0.111.00%37.2510.13
Intact Financial CorporationIFC.TO$64.70$0.372.29%8.6318.23
Jean Coutu Group Inc A SubvtgPJC.A$15.40$0.061.56%3.325.95
Keyera Corp.KEY.TO$49.95$0.171.36%3.8773.37
Methanex CorpMX.TO$31.48$0.182.29%2.9623.15
Metro Inc AMRU$62.06$0.191.22%5.9712.81
Northern Property REITNPR.UN$31.60$0.134.94%1.01#N/A
Pason Systems IncPSI.TO$17.74$0.204.51%1.4516.41
Reitmans Canada Ltd ARET.A$12.36$0.206.47%0.825.02
Ritchie Bros Auctioneers IncRBA.TO$20.82$0.122.31%2.2226.86
Rogers Communications Inc BRCI.B$44.92$0.353.12%23.1415.55
Saputo IncSAP.TO$49.65$0.191.53%9.7826.47
Shaw Communications Inc BSJR.B$22.99$0.084.18%10.2413.67
ShawCor Ltd ASCL.A$40.15$0.080.80%2.8223.61
Shoppers Drug Mart IncSC.TO$43.62$0.252.29%8.9715.09
SNC – LAVALIN GROUP INC.SNC.TO$44.00$0.211.91%6.6522.94
Suncor Energy IncSU.TO$33.92$0.111.30%51.9411.11
Talisman Energy IncTLM.TO$11.96$0.144.68%12.26#N/A
TELUS CorpT.TO$64.96$0.583.57%21.1716.71
Thomson Reuters CorporationTRI.TO$29.69$0.324.31%24.54#N/A
Tim HortonsTHI.TO$48.90$0.171.39%7.5518.94
Toronto-Dominion BankTD.TO$82.01$0.683.32%75.1312.12
TransCanada CorpTRP.TO$48.50$0.423.46%34.1924.98
Transcontinental A SubvtgTCL.A$11.80$0.144.75%0.92#N/A


The Canadian Dividend Aristocrat IndexA great way to start investing in the Canadian Dividend Aristocrat is through ETF’s. The iShares S&P/TSX Canadian Dividend (CDZ) tracks the S&P/TSX Canadian Dividend Aristocrat. The ETF has a low MER (0.67%) and provides excellent diversification.

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