The Globe and Mail attempts to identify stocks with high dividend
yields and dividend growth in its Thursday, Sept. 25, edition. The Globe's Craig McGee writes in the Number Cruncher column that keeping up with the market
has been a challenge for many
Canadian investment managers
and models so far this year.
Growing
income from dividends has
helped managers and model portfolios significantly.
Mr. McGee's search criteria emphasizes
stocks with high expected dividend
yields and dividend growth.
He placed importance on
stocks with increasing cash flow
and higher profitability. Specifically,
Mr. McGee looked for stocks with a
good combination of the following
metrics: current expected
yield; expected and trailing dividend
growth; trailing return on
equity; and annual change
in cash flow.
Stocks were selected from the
largest 250 equities in the Morningstar
CPMS
Canadian database.
Mr. McGee's picks for a dividend portfolio concerned with volatile times are Enbridge, Canadian Natural Resources, Home Capital Group, Jean Coutu Group, Mullen Group and National Bank of Canada.
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