The Globe and Mail attempts to identify Canadian dividend payers offering safety and value in its Thursday, Nov. 2, edition. The Globe's guest columnist Sean Pugliese writes in the Number Cruncher column that he only considered companies with a market capitalization greater than $1-billion. He says market cap is a safety factor, generally larger companies are more stable and diverse. Free cash flow to enterprise value (FCF/EV) is a valuation metric that illustrates the cash flow yield. Mr. Pugliese explains that enterprise value, calculated as market cap plus debt, minority interest and preferred shares minus total cash and cash equivalents, provides a better picture of a company's total value than market cap alone. The higher the yield, the better the value. All of Mr. Pugliese's recommendations have a FCF/EV of 4 per cent or better. In Mr. Pugliese's opinion, "free cash flow is king" because it is more difficult to manipulate compared with other accounting metrics such as earnings. Mr. Pugliese recommends buying BCE, Intertape Polymer Group, Labrador Iron Ore Royalty, Tahoe Resources, Rogers Communications and Jean Coutu Group.