Canada’s Top Performing Companies 2013

I was happy to see the latest edition of Canadian Business in my mailbox this week.  Every year, the magazine issues the Investor 500 edition, a comprehensive look at Canada’s 500 largest publicly traded companies.  In this edition of CB, I also found an article listing the top 15 Canadian companies by profit and total revenue:

Canadian Business

Although these stocks offer a range of yields, the top-15 by profit would likely be a good starting point for your dividend stock portfolio research.  Some of these Canadian companies have been paying dividends for over 100 years and others, regular and increasing dividends for decades.

Let’s a have quick look at some of the data:

  • Royal Bank (RY) – paid dividends since 1870.
  • TD (TD) – paid dividends since 1857.
  • Bank of Nova Scotia (BNS) – paid dividends since 1832.
  • Bank of Montreal (BMO) – paid dividends since 1829.
  • Imperial Oil (IMO) – paid dividends for over 100 years and has increased annual dividend for 18 consecutive years.
  • CIBC (CM) – paid dividends since 1868.
  • Canadian Natural Resources (CNQ) – paid regular quarterly dividend since 2001.
  • Canadian National Railway (CNR) – paid regular quarterly dividends since 1996.
  • Bell Canada (BCE) – paid regular quarterly dividends since 1983.
  • Great-West Lifeco (GWO) – paid regular quarterly dividends since 1990.
  • Husky Energy (HSE) – paid regular quarterly dividends since 2001.
  • Power Financial (POW) – paid regular quarterly dividends since 1990.

Can you imagine the income you might have received from such companies if you had bought and stay invested in such companies over the years – instead of jumping in and out of the market?

Can you imagine the capital appreciation you would have gained as well?

Investors, if you’re struggling over what Canadian dividend paying stocks to purchase for your portfolio, while pouring over company metrics still makes sense and buyer must always beware, consider owning the Canadian companies that make a bunch of money and have been doing so for a very, very long time.

What do you think of these companies?  Do you think past performance could be any forecast of future results for these dividend paying stocks?

16 Responses to "Canada’s Top Performing Companies 2013"

  1. I think companies that have paid dividend for more than a century will continue to pay and rise their dividend until their business model collapse. The dividend distribution is part of their business model.

    At that point, the question is simple: “can the company business model survive the current economy?”. For banks, I think so ;-). For a techno stocks, it’s harder to answer!

  2. Thanks for the list; very useful.

    Now, to make the analysis complete, so we can select the companied to invest in, it would be good to see the dividend yields and the stock prices, over a period of, say, 10-15 years. As much as dividends are important, so is growing the market value of the pertfolio via stock price appreciation.

    I suppose one could do the task of compiling this information, but it would be nice to receive it in a nice package, done by soemone else. 😉

  3. Thanks for sharing this list Mark. If companies have been paying well year after year then I probably would say it’s a good bet you would make some money. Like The Dividend Guy mentions, can they sustain tthis in the current economy, only time will tell. Cheers Mate!

  4. Buy and hold, and even when they drop in price by 30%, buy more some. You can’t do this with penny stocks but for established companies, multi-billion dollar companies that have paid dividends for generations, absolutely.

  5. Fair points Helen. Always good to do some back-testing if you will.

    At least some of the dividend history information is available on just a few selected company websites:

    http://www.bce.ca/investors/dividendinfo/dividendhistory/

    http://www.bmo.com/home/about/banking/investor-relations/shareholder-information/dividend-information#C2

    http://www.rbc.com/investorrelations/common-dividend-history.html

    http://www.huskyenergy.com/investorrelations/dividendinformation.asp

    As for capital appreciation, there has definitely been some. For example, in the last 5-years:

    CNR up over 100%
    BCE up over 60%
    BMO up over 75%

    While some are down, many are up and I suspect much more than that is you look back 15 years.

    Hey, if I have spare time…I’ll put a major report together – deal? :)

  6. I own about 8 of 15 of the top-profit companies.

    I own a few in the right-hand table as well, the top-15 revenue. I also own a few not on either list but every I own that isn’t indexed, pays a dividend and has done so even during “The Great Recession”.

  7. Hey man,

    We’re about the same…I own a few as well. An equal weight purchases of those companies and you’re right, that could be a powerful portfolio for decades. I’m banking on it. :) Thanks for your comment.

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