The Globe and Mail is keen on dividend stocks in its Wednesday, April 8, edition. The Globe's John Heinzl writes in the Yield Hog column that dividend growth is the foundation
of his investing philosophy. Mr. Heinzl maintains a Strategy Lab model dividend
portfolio. Mr. Heinzl buys companies that raise their
dividends regularly. He uses the
model portfolio's latest performance
update
to show how the strategy is
faring.
The model portfolio has been invested in BCE, Bank of Montreal, Canadian Utilities, Enbridge, Fortis, Procter & Gamble, Royal Bank of Canada, Telus, TransCanada and iShares S&P/TSX Capped REIT Index ETF since its inception in September, 2012. The 10 securities are now paying a
larger dividend than they were at
inception. Enbridge's
dividend is 64.6 per
cent higher than it was just 2-1/2
years ago. Canadian Utilities' dividend
has grown 33.3 per cent,
Telus's dividend is up 31.1 per
cent and RBC's payment
has grown by 28.3 per cent. The
rest of the stocks, and the one
ETF, have all increased their payments
by double digits.
Every stock has
raised its dividend at least twice,
and two (RBC and Telus)
have raised their dividends five
times.
© 2024 Canjex Publishing Ltd. All rights reserved.