The Dividend Guy Blog

Dividend Links of the Week

MD — Fri, 01 Jun 2012 10:00:59 +0000

Time to check out the dividend hits again:

1. Is Buffett Way Off Base On This One? @ IS.

2. Start Freelancing Now.

3. Xerox On Lexmark: Ahead Of The Pack, But Not Us @ Barel Karsan.

4. Do You Need Money To Make Money? @ TFB.

5. Lowe’s Companies, Inc. (LOW) Dividend Stock Analysis @ DGS.

6. Clorox Company Analysis @ Dividend Monk.

7. Why I am replacing ConEdison (ED) with ONEOK Parthers (OKS) @ DGI.

8. Top International Dividend Stocks @ D4L.

9. HELOC For Consumption vs Investment @ Sustainable PF.

10. Carnival of Personal Finance #363 – Never Forget

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Canadian Aristocrats; They Have it Too!!

Mike — Mon, 28 May 2012 09:00:28 +0000

Last week, I took a shot at Dividend Aristocrats on theUS side. But did you know that Canadians have Dividend Aristocrats too? Mind you, I’m going to temper your hype right away, the minimum requirements are far from the “original” aristocrats lists. Unfortunately, the Canadian stock market is way smaller and less diversified than the US market. It is actually impossible to find a good amount of stocks that have been increasing their dividend for 25 consecutive years in Canada. However, that doesn’t mean that the list isn’t good either!

Canadian Dividend Aristocrats Rules

In order to be considered as a S&P Canadian Dividend Aristocrat, the company must have increased its dividend payout every year for five years but have a free way and is still eligible if the company maintains the same dividend payout for a maximum of 2 years. Therefore, we are looking at stocks that have a good potential for raising its dividend but still pretty far away from 25 consecutive years.

The Most Important Rule

Along with the main rule, the stock must also have a market capitalization minimum of $300M and have increased its dividend in the first year of the prior five years reviewed for dividend growth.

As you can see, it’s not “that difficult” to qualify under the Canadian Aristocrats list. But the Canadian stock market is less diversified and we don’t have an economy allowing behemoths such as Colgate-Palmolive or Procter & Gamble. Nonetheless, the Canadian Aristocrats don’t have anything to envy in their southern neighbors. Here are the results over the past 5 years:

Canadian Aristocrats Lists + 5 Years Performance Return

Company Name	Ticker	Price	Dividend	Yield	P/E	Total Return 5Y	DVD_PAYOUT_RATIO
Toronto-Dominion Bank	TD.TO	$82.12	$0.68	3.31%	13.09	40.32%	40.57
Bank of Nova Scotia Halifax	BNS.TO	$53.97	$0.52	3.85%	11.69	19.53%	44.36
Suncor Energy Inc	SU.TO	$31.48	$0.11	1.40%	11.6	-31.17%	15.70
Barrick Gold Corp	ABX.TO	$39.33	$0.16	1.63%	8.93	18.24%	11.35
Imperial Oil Ltd	IMO.TO	$45.34	$0.11	0.97%	11.48	6.60%	11.06
Canadian Natural Resources	CNQ.TO	$32.62	$0.09	1.10%	13.6	-6.91%	14.92
Canadian National Railways	CNR.TO	$83.96	$0.32	1.52%	14.71	59.52%	23.81
TransCanada Corp	TRP.TO	$43.13	$0.42	3.90%	19.84	32.31%	76.27
Enbridge Inc	ENB.TO	$40.29	$0.28	2.78%	30.89	150.38%	76.59
Thomson Reuters Corporation	TRI.TO	$29.07	$0.32	4.40%	#N/A	-27.39%
Rogers Communications Inc B	RCI.B	$36.54	$0.35	3.83%	12.9	-3.44%	49.01
TELUS Corp	T.TO	$58.54	$0.58	3.96%	15.68	16.38%	58.65
Talisman Energy Inc	TLM.TO	$13.03	$0.14	4.30%	43.94	-44.66%	35.70
Canadian Pacific Railway Ltd	CP.TO	$76.44	$0.30	1.57%	19.26	15.02%	34.74
IGM Financial Inc	IGM.TO	$46.29	$0.54	4.67%	14.31	7.18%	64.56
Cameco Corp	CCO.TO	$21.57	$0.10	1.85%	18.94	-58.29%	35.05
Shaw Communications Inc B	SJR.B	$19.93	$0.08	4.82%	12.25	9.44%	72.56
Shoppers Drug Mart Inc	SC.TO	$42.00	$0.25	2.38%	14.81	-10.39%	35.29
Saputo Inc	SAP.TO	$45.52	$0.19	1.67%	19.35	128.42%	28.58
Fairfax Financial Hldgs Ltd	FFH.TO	$398.24	$10.12	2.54%	#N/A	81.71%
Canadian Utilities Ltd A Nvtg	CU.TO	$68.58	$0.40	2.33%	17.87	74.64%	54.72
Tim Hortons	THI.TO	$55.58	$0.17	1.22%	23.55	72.60%	28.80
Intact Financial Corporation	IFC.TO	$61.86	$0.37	2.39%	15.58	51.82%	37.86
Fortis Inc	FTS.TO	$33.95	$0.30	3.53%	19.05	43.43%	68.24
SNC - LAVALIN GROUP INC.	SNC.TO	$36.78	$0.21	2.28%	14.75	14.06%	33.46
Canadian Tire Corp Ltd A Nvtg	CTC.A	$68.65	$0.30	1.75%	12.02	-5.50%	19.64
Metro Inc A	MRU	$53.64	$0.19	1.42%	13.23	51.40%	19.96
Finning Intl Inc	FTT.TO	$28.00	$0.13	1.86%	18.6	3.57%	33.73
Emera Inc	EMA.TO	$34.79	$0.34	3.91%	17.88	96.07%	65.82
Atco Ltd I Nvtg	ACO.X	$72.37	$0.28	1.55%	12.82	56.33%	20.14
Empire Co Ltd A Nvtg	EMP.A	$59.37	$0.22	1.48%	12.23	46.02%	14.73
Keyera Corp.	KEY.TO	$39.40	$0.17	1.73%	20.74	202.02%	100.71
Methanex Corp	MX.TO	$33.43	$0.18	2.15%	16.47	40.94%	30.75
Jean Coutu Group Inc A Subvtg	PJC.A	$14.10	$0.06	1.70%	14.91	5.15%	23.37
Ensign Energy Services	ESI.TO	$14.61	$0.11	2.87%	10.54	-21.61%	28.13
Canadian Real Estate Inv Trst	REF.UN	$38.55	$0.12	3.74%	56.49	61.96%	209.66
Ritchie Bros Auctioneers Inc	RBA.TO	$20.25	$0.12	2.37%	28.71	4.71%	60.27
Cogeco Cable Inc	CCA.TO	$47.79	$0.25	2.09%	12.57	14.61%
ShawCor Ltd A	SCL.A	$31.91	$0.08	1.00%	40.94	12.32%	39.10
Canadian Western Bank	CWB.TO	$28.82	$0.15	2.08%	14.53	27.68%	24.04
Corus Entertainment Inc B Nvtg	CJR.B	$24.25	$0.07	3.46%	13.11	21.61%	45.32
Constellation Software Inc.	CSU.TO	$91.74	$1.01	4.40%	12.58	278.30%	26.97
Home Capital Group Inc	HCG.TO	$48.00	$0.20	1.67%	8.79	35.68%	14.24
Cineplex Inc.	CGX.TO	$30.03	$0.11	4.40%	35.72	146.98%	229.70
Atlantic Power Corporation	ATP.TO	$14.01	$0.10	8.57%	#N/A	98.81%
AGF Management Ltd B Nvtg	AGF.B	$13.85	$0.27	7.80%	13.66	-53.61%	88.59
CCL Industries Inc B	CCL.B	$38.78	$0.17	1.75%	15.52	3.31%	27.55
Pason Systems Inc	PSI.TO	$13.35	$0.20	5.99%	12.74	-12.12%	36.10
Transcontinental A Subvtg	TCL.A	$11.60	$0.14	4.83%	26.53	-39.58%	40.10
Reitmans Canada Ltd A	RET.A	$15.23	$0.20	5.25%	21.25	-20.83%	110.76
Northern Property REIT	NPR.UN	$32.78	$0.13	4.76%	10.79	65.54%	50.09
Enbridge Income Fund Holdings Inc.	ENF.TO	$21.57	$0.10	5.73%	14.45	175.23%	140.05
Dorel Industries B	DII.B	$29.82	$0.15	2.01%	9.47	-13.39%	18.62
Cogeco Inc	CGO.TO	$51.19	$0.18	1.41%	4.76	31.06%
Computer Modelling Group Ltd	CMG.TO	$15.61	$0.11	2.82%	27.44	491.26%	98.86
Bird Construction Inc.	BDT.TO	$14.84	$0.05	4.04%	21.14	210.01%	110.00
Ag Growth International Inc	AFN.TO	$40.16	$0.20	5.98%	20.95	150.89%	122.78
Exchange Income Corporation	EIF.TO	$24.90	$0.14	6.75%	22.54	233.26%	130.63

Canadian Aristocrats Show Very Interesting Dividend Yield

There are 58 Canadian Aristocrats (so 7 more than the “original” Dividend Aristocrats). They show an average dividend yield of 3.13% (as compared to 2.72% in the US). There are 25 Canadian aristocrats paying over 3% in dividend. This could be explained by the fact that the TSX dropped by 16% over the past 12 months and currently show a P/E ratio around 13 (while the historic average is near 16). Among the top dividend payer, I currently hold positions in BNS and Telus. You also find 2 other stocks in the telecom industry: Rogers (3.83%) and Shaw Communications (4.82%).

Half of my Best Canadian Stock Picks for 2012 are Part of Canadian Aristocrats

Reviewing my Best Canadian Stocks for 2012, I noticed that I have picked 4 stocks out of 9 from the Aristocrats list:

Corus Entertainment Inc – CRJ.B

IGM Financials – IGM

Telus Corp – T

Toronto-Dominion Bank – TD

I also think that it’s only a matter of time before National Bank (NA) and BCE (BCE) join this elite group of dividend payers.

The 5 Years Average Return is Quite Impressive (+52%)

I was quite surprised to see that even with the market crunch, dividend aristocrats are holding well with an average total return of 52% (dividend included) over the past 5 years. You can see how strong dividends play a role in the total return: The average dividend yield of theCDNAristocrats is 3.13%; over 5 years, this represents 30% of the total return (15.65% / 52%). This shows you that dividend rules during market volatility!

Nonetheless, there are 14 stocks out of 58 that show a negative return with Cameco leading the way at -58.29%. A recession doubled with a nuclear tragedy in Japan could easily explain this bad result. On the brighter side of things, 10 stocks have doubled (+100% and over) in the past 5 years.

Dividend Payout Ratio Seems Reasonable

If I ignore the 13 highest payout ratios on the list, I still have 40 stocks (I have 4 stocks where I couldn’t get the payout ratio from my Excel system) showing ratios less than 70%. In this category, the “best deal” is probably Constellation Software with a dividend yield of 4.40%, a 5 year total return of 278% and a dividend payout ratio of only 26.97%! TD,BNS andCJR.B (Corus) are also strong players in all 3 categories.

We also have 2 Canadian REITs showing strong results: The Northern Property REIT (NPR.UN) and Canadian Real Estate Investment Trust (REF.UN). You can’t consider the payout ratio (you are better of using the AFFO or the FFO) but the dividend yield (4.76% & 3.74%) and 5 year total return (65.54% & 61.96%) are quite impressive for a business that should show very stable numbers. You can find over 23 Canadian REIT analyses over at CanadianDividendStock.com.

Investing in Canadian Aristocrats is Quite Tempting

After looking at the Canadian Aristocrats list along with their performance over the past 5 years, I can tell that this Elite group of dividend payers is definitely worth looking into it. They show a high potential of facing recessions while paying investors to wait in the meantime. In the end, if I had selected this portfolio 5 years ago, I would have showed a better investment return than I have now!

What about you? J

Awesome Deal for Canadian Investors

If you are looking for a place to start your stock picking journey, I strongly suggest you look up to my limited time offer to subscribe to the best Canadian Stocks Newsletter: The Successful Investors written by Pat McKeough. On top of getting a monthly newsletter (roughly 10 pages of Canadian Stocks analysis – mostly dividend stocks), you get access to the archive + 11 exclusive reports. Instead of paying the regular price of $89, I get a special discount for The Dividend Guy Blog readers. You can sign-up for $39 (that’s $3.25 per issue!)

here’s the list of all the report you can download in addition to the newsletter archive:

Disclaimer: I hold T, NA, BNS

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Weekly Dividend Links

MD — Fri, 25 May 2012 10:00:16 +0000

Time for the links again!

1. How To Double Your Dividend Yield By Selling Covered Calls On A Dividend Portfolio! Why? Pros And Cons @ IS.

2. Canadian Dividend Stocks: Brookfield Renewable @ Sustainable PF.

3. Why You Shouldn’t Invest a Dollar Into Your Business @ Studenomics.

4. Income Inequality and Financial Engineers @ Canadian Finance Blog.

5. Is The Storm Over Yet? The Tribulation of a Blogger Who Wants to Be a Mogul @ TFB.

6. Paulson’s Earnings Surprised Somebody @ Barel Karsan.

7. Monsanto Co. (MON) Dividend Stock Analysis @ DGS.

8. Would You Retire From a Job You Love? @ DNW.

9. Disney Gets Revenge @ Sigma Swan.

10. Carnival of Personal Finance: the Less Junk Edition

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How Dividend Aristocrats Have Done Over The Past 5 Years?

Mike — Wed, 23 May 2012 10:55:46 +0000

When you are about to invest for the first time in dividend stocks, there are 2 things you must do:

#1 Download my free dividend investing eBook

#2 Look at the Dividend Aristocrats lists to build your “stocks on the radar list”

Mind you, besides Dividend Aristocrats, you can also get a copy of my free eBook on the Best Dividend Stocks 2012!

While my dividend eBooks are the perfect guides for someone who wants to start investing, checking the aristocrat’s lists may…. Or may be not be a good idea. I mean; have you checked how these stocks have performed over the past 5 years?

We usually refer to Dividend Aristocrats as relatively safe stocks that continuously increase their dividend for at least 25 consecutive years. By starting with this premise (sustainable dividend increase), you will definitely pick stocks that:

- Are among the leaders in their industry

- Have a very solid and stable core business

- Have proven they can go through important recessions

- Are fairly conservative and protect their cash flow and assets

- Consider the investors and want to pay them back

- Have been growing for the past 25 years

Considering all these elements, you can say that picking Dividend Aristocrats to build your portfolio should be a no brainer, right? I think so too. But there is nothing like looking at the numbers to see how things go in “the real word”. So I’m taking this year’s aristocrats list and going back 5 years ago to see how these stocks did through the 2008 maelstrom and 2009-2011 bull market.

I know that the list changes every year and 5 years ago, this wasn’t the same exact stocks. But the core of the portfolio will remain the same and it will also give you an idea of how this portfolio may react in the 5 years to come.

I could have taken an ETF that follows the dividend aristocrats but I wanted to highlight stocks which performed well or tanked during the last 5 years.

The current Dividend Aristocrats list show 51 stocks for an average dividend yield of 2.72%:

Company Name	Ticker	Current Dividend Yield	P/E	5 Year Total Return	DVD_PAYOUT_RATIO
AT&T Inc	T	5,43%	46,98	9,88%	259,74
Cintas Corp	CTAS	5,52%	18,11	12,43%	29,07
HCP Inc	HCP	4,84%	31,78	59,04%	149,25
Leggett & Platt	LEG	4,73%	22,78	17,61%	101,24
Cincinnati Financial Corp	CINF	4,48%	35,18	2,03%	157,23
Pitney Bowes Inc	PBI	4,72%	9,8	-52,25%	21,27
Consolidated Edison Inc	ED	4,12%	16,63	49,25%	66,89
Kimberly-Clark	KMB	3,54%	18,34	34,08%	69,58
Sysco Corp	SYY	3,73%	14,86	-1,69%	52,47
Clorox Co	CLX	3,43%	17,31	16,34%	107,17
Johnson & Johnson	JNJ	3,52%	17,8	18,06%	63,65
Nucor Corp	NUE	3,75%	16,46	-31,01%	59,17
Abbott Laboratories	ABT	3,30%	19,15	24,75%	63,69
Genuine Parts Co	GPC	3,10%	17,38	60,16%	49,86
Procter & Gamble	PG	3,11%	19,67	19,15%	47,77
PepsiCo Inc	PEP	3,07%	16,47	12,64%	49,55
Emerson Electric Co	EMR	3,08%	16,6	19,83%	42,34
Bemis Co Inc	BMS	3,07%	18,91	9,23%	56,01
Automatic Data Processing	ADP	2,88%	20,56	33,65%	56
AFLAC Inc	AFL	2,93%	8,95	-7,34%	28,11
McDonald's Corp	MCD	2,92%	17,9	124,76%	47,42
Coca-Cola Co	KO	2,69%	20,11	67,63%	50,09
3M Co	MMM	2,64%	14,74	20,35%	36,31
Walgreen Co	WAG	2,49%	12,08	-18,60%	25,24
Illinois Tool Works Inc	ITW	2,50%	15,01	21,24%	33,97
Air Products & Chemicals Inc	APD	2,69%	16,21	25,17%	38,99
Medtronic Inc	MDT	2,59%	11,99	-21,33%	31,3
Wal-Mart Stores	WMT	2,51%	12,98	35,67%	32,02
Colgate-Palmolive Co	CL	2,33%	20,13	64,67%	49,49
PPG Industries Inc	PPG	2,17%	18,87	66,85%	32,42
Becton, Dickinson & Co	BDX	2,33%	14,15	5,39%	28,59
McCormick & Co	MKC	2,23%	20,08	69,61%	39,55
Chubb Corp	CB	2,12%	12,5	54,67%	26,52
Exxon Mobil Corp	XOM	2,18%	10,22	17,18%	22,71
Archer-Daniels-Midland Co	ADM	2,19%	13,79	-2,39%	19,4
T Rowe Price Group Inc	TROW	2,15%	21,66	32,71%	41,11
Stanley Black & Decker	SWK	2,22%	19,19	38,39%	39,24
McGraw-Hill Cos Inc	MHP	2,05%	17,49	-17,98%	35,45
Target Corp	TGT	2,09%	13,41	2,13%	26,53
Hormel Foods Corp	HRL	2,08%	17,26	65,82%	28,69
Dover Corp	DOV	2,02%	13,57	38,21%	25,92
VF Corp	VFC	1,87%	19,32	100,57%	32,12
Lowe's Cos Inc	LOW	1,78%	22,06	11,53%	36,54
Brown-Forman Corp B	BF/B	1,62%	21,84	90,53%	56,99
Sherwin-Williams Co	SHW	1,30%	27,03	107,50%	34,74
Family Dollar Stores Inc	FDO	1,25%	19,8	127,04%	21,71
Ecolab Inc	ECL	1,27%	32,66	58,46%	37,14
Grainger, W.W. Inc	GWW	1,26%	22,13	163,42%	26,67
Sigma-Aldrich Corp	SIAL	1,12%	19,31	68,03%	18,82
Franklin Resources Inc	BEN	0,86%	14,61	-3,96%	11,52
Bard, C.R. Inc	BCR	0,77%	25,96	25,53%	19,36
		2,72%

After looking at the Dividend Aristocrats performance over the past 5 years, I’ve come to a few conclusions.

#1 Dividend Aristocrats Don’t Equal Safe Investments

There are 9 stocks out of 51 that show a negative return over the past 5 years meaning that these stocks weren’t strong enough to go through 2008 to recover what they lost 3 years ago. This “top 9” show an average return of -17.39%! 9 out of 51 is 17.64%. This means that if you had picked 5 stocks among the Dividend Aristocrats list, you would probably have 1 of those “top 9” stocks that show a negative return.

Accordingly, if you think that investing in a dividend aristocrat is safe way to build a solid safe dividend portfolio, you might be disappointed if you haven’t used other fundamentals to make your selection.

#2 Dividend Aristocrats Don’t Mean High Yield Dividend Stocks

When I select a stock to be part of my “watch list” or add it to my dividend holdings, I usually target stocks paying higher than 3% in dividend payout. If I look at the Dividend Aristocrats list, only 18 out of 51 (35.29%) make the cut. This leaves me little room for a great selection. Having said that, I think it’s normal to have aristocrats not being part of the highest yield dividend stock. In order to be able to increase the dividend payout for 25 consecutive years, you must stay with a very conservative payout approach.

While high dividend yield stocks are not necessarily part of the aristocrats, I’m actually willing to buy smaller dividend yield stocks (such as Coke) since I know that the company will rapidly increase its dividend and cross the 3% bar.

#3 Dividend Aristocrats Don’t Always Equal Low Payout Ratio

I was quite surprised to see that my assumptions that dividend aristocrats had low dividend payout ratios was wrong. 14 aristocrats out of 51 (24.45%) are showing a dividend payout ratio higher than 50% and 5 are showing payout over 100%!

Among the best “dividend payout ratio Vs Dividend yield” aristocrats, you can find:

PEP (49.55% payout ratio for a 3.07% yield)

PG (47.77% for a 3.11% yield)

MCD (47.42% for a 2.92% yield)

EMR (42.34% for a 3.08% yield)

MMM (36.31% for a 2.64% yield)

WMT (32.02% for a 2.51% yield)

CTAS (29.07% for a 5.52% yield)

AFL (28.11% for a 2.93% yield)

#4 Dividend Aristocrats Don’t Equal Small Growth

For those who thought that dividend aristocrats were part of the “boring stocks”, I’d suggest you take a second look at the table. There are 16 stocks showing a 5 year return over 50% (including dividend yield) for an average of 84.30%. Considering that the period is from 2007 to 2012, I’d say that it’s a pretty good batting average after hitting the worse market crash in decades.

Mind you, this “elite aristocrats” are also showing a small dividend average (2.14%) along with a low dividend payout ratio (43.84%). I will be honest, I would have not picked a lot of stocks from this list 5 years ago knowing that I look mostly for stocks paying over 3% dividend yield (maybe I should review my model, right?).

The global average return (always including dividend) of the Dividend Aristocrats portfolio is 34.21% (total return) for the past 5 years. Considering that the stock market has been pretty bad during this period, I would think that it shows a pretty good average!

My Favorite Dividend Aristocrats

Aside from MCD, JNJ and Coke, I would add a few more stocks to my “favorite among the favorites”. For one, Procter & Gamble (PG) seems to be a must in any dividend portfolio. This is a strong, well diversified stock with a low payout ratio and a good dividend yield. Another one that fits in category is definitely Abbott Laboratories ABT. The payout ratio is slightly higher (63.69%) and it is still sustainable. Finally, AFL looks like an underdog right now (negative 5 years return but the lowest P/E ratio among all aristocrats). I think it might be a good pick as well.

Readers, what are your favorite dividend aristocrats stocks? Do you use this list as your first place to pick up a new stock for your portfolio?

Canadians, bear with me till next week, we’ll review the Canadian Aristocrats J

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The Best Source To Get Dividend Stock Picks

Mike — Mon, 21 May 2012 09:00:20 +0000

If you follow my blog and register for my newsletter it’s probably because you are like me: you like safe and sound dividend paying stocks! I receive many emails from my readers asking me to publish more stock analyses in order to help them build their portfolios. The problem is that I’m like you: We both lack the time to follow every stock that interests me.

Fortunately, there are other great newsletters that also offer complete stock analyses. I’m not talking about those day trading newsletters where you get some “hot stock of the day” ideas. I’m talking about Pat McKeough, Canada’s expert in safe investing newsletter. For those who haven’t heard of Pat McKeough, here’s a few things to know about him:

Results calculated by Hulbert Financial Digest, an independent authority on published investment advice, show that McKeough’s advice has generally surpassed returns from market averages. MarketWatch has called McKeough “one of the top investment letter editors on the continent”.^[7] His proprietary ValuVesting System focuses on assembling a low-risk investment portfolio of stocks^[3] that appear to have exceptional quality at a relatively low price.^[5^]^[6]

Pat and his team recently approached me to help them promote their newsletter. Since I receive these kind of email from marketing departments every month, I was a bit reluctant at first. I actually never send you any “special offers” because I appreciate your readership and certainly don’t want to spam you. This is why I asked to go through his newsletter and was granted access to past issues of The Successful Investor. I was stunned by the quality of his work.

The Successful Investor is an award-winning conservative investment advisory for investors interested in high-quality, mostly Canadian stocks that will surge ahead in good markets and hold their own in the face of market declines. It focuses on low-risk stocks with strong profits as well as growth potential. If you are interested in US stocks, keep reading – I have something for you too!!

Newsletter Insights

In its recent issue, Pat’s is recommending several solid dividend stocks such as:

Thomson Reuters Corp – TRI (dividend yield: 4.30%)

Transcanada Corp – TRP (dividend yield: 4.10%)

TorStar Corp – TS.B (dividend yield: 5.30%)

Cenovus Energy – CVE (dividend yield 2.70%)

You can also find out what are his thoughts regarding several other stocks such as Enbridge (ENB), RioCan (REI.UN), CGI (GIB.A), Pengrowth (PGF) and other many other stocks in the same newsletter.

I truly appreciate Pat McKeough’s stock selection approach as he favors value stocks and maintains a “Favorite Dividend Paying Stocks” watch list in his newsletter. The subscription also comes with updates on this “virtual portfolio” as well.

Pat Mckeough says, When you subscribe to The Successful Investor you will discover…

Step-by-step strategies for solid gains in uncertain markets
Whether that “hot” stock is a screaming bargain or a disaster in the making
5 resource stocks that could be well-positioned for big profits as the economy continues to rebound
The investing shortcuts that could cost you a fortune
9 questions you MUST ask before you buy any stock

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