The Globe and Mail attempts to identify Canadian dividend payers whose
share prices have outpaced U.S.
markets in its Frida edition. The Globe's guest columnist Scott Clayton writes in the Number Cruncher column that the S&P 500 index is up about 60
per cent from its prerecession
peak in October, 2007. By contrast,
the S&P/TSX composite is at a virtual standstill since
it hit its prerecession high in
June, 2008. That reflects its high
proportion of oil and other
resource stocks. Some Canadian
stocks, however, have posted the
same sort of outsized gains as
U.S. markets. Beyond that, a
select few have moved even higher
-- as well as offering highly sustainable
dividends. Mr. Clayton's search for those stocks
started with an extensive list of
dividend payers. He singled
out Canadian stocks with share
prices that are up 60 per cent or
more from their respective prerecession
highs. Finally, he applied the proprietary TSI Dividend
Sustainability Rating System
to each of those stock
issuers and came up with the following "gems." Mr. Clayton's select Canadian dividend stocks are Emera, Toronto-Dominion Bank, Canadian Tire, Metro, Canadian Pacific Railway, Calian Group and Intact Financial.
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