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So you turned your back

The Canadian Dividend All-Star List has been updated for the month, and I think you’ll like this update as I’ve added a whole bunch more information. The update I’m most excited about is the addition of the “Others” tab. In this tab I’ve added more dividend paying companies with a dividend streak of less than 5 years which includes the big six Canadian banks!

When the financial crisis hit in 2008 and 2009 there were a number of companies that kept there dividend steady for a few years, before increasing the dividend again. This knocked a lot of companies off the Canadian Dividend All-Star List as they no longer had the required five or more years of increasing dividends each calendar year in a row. The big six Canadian banks all failed to increase their dividend which is why you don’t see them in the Canadian Dividend All-Star List. I think if you talk with most Canadian dividend growth investors you will find they own at least one of the big six banks in their portfolio. I’d wager it’s a significant component of their portfolio too. This is the main reason I wanted to include the “Others” tab as I wanted to include information on other dividend growth stocks that didn’t make it into the Canadian Dividend All-Star List. I can now add other dividend paying companies to this “Others” tab so readers can find detailed dividend information for companies with a dividend streak of less than 5 years.

The only criteria I have for the “Others” tab is that the company must pay a dividend. Beyond that I’ll add companies as I see fit. If you think there is a dividend growth stock that my list is missing let me know and I’ll consider adding it to this “Others” tab. I added a total of 29 companies to this “Others” tab to start with, but I imagine it will grow over time.

If you look at the March 1, 2014 excel version of the Canadian Dividend All-Star List [download here] you will notice it now has two main tabs that you should focus on.

  1. Canadian Dividend All-Star List: This tab is the same as before. Only companies with a dividend streak of 5 or more years are included in this list.
  2. Others: This tab has other dividend paying companies with a dividend streak of 4 or less years. I’ve added companies at my discretion, so there is not set criteria to be added to this list. This provides the extra flexibility to add any dividend paying company I want to have in the list.

Additional DRIP Information

If you’ve been following my blog recently you will have noticed that I’ve written a number of articles on DRIPs recently. In light of this, I thought it would be a good time to add some additional columns with specific DRIP information for companies in the list. Before you could find out if the company offered a DRIP, or share purchase plan (SPP) and if there were any fees related to either plan. This information is still available, but now I’ve included 5 additional columns:

  1. DRIP Disc. – This is the DRIP discount the plan offers if any. This will typically range from 0% to 5%.
  2. SPP Min – The minimum amount of money you have to send to the transfer agent in order to buy additional shares through the SPP. This is also known as the optional cash purchase (OCP) minimum.
  3. SPP Freq – How often you have the option to buy additional shares through the SPP.
  4. PAD – Whether you can buy shares with a pre-authorized debit (PAD) from your bank account. If the plan doesn’t offer PADs you will have to mail in a cheque to the transfer agent.
  5. Transfer Agent – The transfer agent that administers the DRIP.

I’m hoping DRIPers find this extra information useful.

Related articles:

Housekeeping

I also added Inter Pipeline Ltd. [Trend Analysis] to the Canadian Dividend All-Star List as it has a dividend streak of 5 years and I’d previously missed it. Thanks to a reader for pointing this out to me! Maintaining this list is quite time consuming and mistakes are made occasionally, so I really appreciate when others point these out to me and I can fix them quickly.

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Photo credit: silkegb / Foter / CC BY-NC

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4 Comments

  1. I appreciate that you’ve added Canadian banks. I just want to share a great web site that let’s you very quickly see a visual; a bar chart that shows how dividends have risen. There is also a great calculator to show you a historical perspective of your returns with or without dividend reinvestment. It is called the Compound Returns Calculator. The site is http://www.canadastockchannel.com

  2. One worthy addition to your new tab would be Plaza Retail REIT (PLZ.UN). They have raised their distributions every year (including 2014) since 2003 with the exception of a one year freeze in 2010. Prior to 2014, they were a corporation known as Plaza Corp (PLZ).

    Two other note worthies, considering that have excellent short term high dividend growth, are Canadian Energy Services (CEU.TO) & Alaris Royalty (AD.TO). Each has a three year streak to the end of 2013.

    1. I had a look at Plaza Retail. It looks like they have a dividend streak of 11 years, so I’ll be adding them to the next version of the list. I haven’t looked at the other 2 yet, but I’ll let you know if I add them to the others tab.

      Thanks for pointing Plaza out to me. 🙂

      DGI&R

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