Canadian Dividend Stock Selection Still Made Easy
The title still says it all.
Contrary to what some people might have you believe, I think starting your research into Canadian dividend stock selection can still be made easy.
If you know where to look…!!
Don’t believe me?
Here’s one place to consider: own what the big mutual funds and ETFs own. That means you may want to consider the following for your Canadian portfolio:
- Canadian banks (ticker symbols: RY, CM, BMO, BNS, TD)
- Canadian pipeline (ticker symbols: ENB, TRP)
- Canadian life insurance companies (ticker symbols: MFC, SLF)
- Canada’s largest oil and gas company (ticker symbol: SU)
That portfolio is not necessarily diversified (i.e., no consumer stock sector) but it’s a start!
I wrote this post almost six years ago. I believe it remains relevant today. Let’s compare 2011 to now below. Let me know if you see any themes.
Fund #1 – BMO Dividend Fund
Images courtesy of BMO’s site.
Fund #2 – CIBC Dividend Growth Fund
Images courtesy of CIBC’s site.
Fund # 3 – RBC Canadian Dividend Fund
Images courtesy of Royal Bank’s site.
Fund # 4 – Scotia Canadian Dividend Fund
Images courtesy of Scotiabank’s site.
Fund #5 – TD Dividend Growth Fund
Images courtesy of TD Bank’s site.
Fund #6 – iShares S&P/TSX 60 Index ETF (XIU)
I recall iShares XIU was one of the world’s first ETFs. It holds the largest Canadian companies. My perspective is, if collectively the largest 60 companies in Canada aren’t making money year-over-year, nobody is. This ETF has provided strong Canadian market returns over the last decade and remains a great choice for your indexed portfolio. That said, the top holdings in this ETF rarely go out of style.
Image courtesy of BlackRock’s site.
Have you noticed anything interesting about these top-10 holdings? What do you make of starting your Canadian stock research through owning what the big funds own?