Dividend Growth Machines
(70 Income Stocks)
I recently curated (on June 28, 2019) a list of 70 Canadian dividend growth stocks that I’ve named “Dividend Growth Machines“. These are publicly traded companies in Canada that pay out dividends to their shareholders. My focus wasn’t on finding the highest dividend yields (because that could lead to issues later), but rather I wanted to bring together a diversified group of quality Canadian companies (non Resource-based) that were growing their dividends over time; like an annual salary increase for shareholders to help build long-term wealth. Perfect in a TFSA (no dividend tax!)
Here’s the Power of a Dividend Growth Portfolio (scenarios):
– $100,000 x 3% Yield = $3,000 Dividend Income
– $300,000 x 3% Yield = $9,000 Dividend Income
– $600,000 x 3% Yield = $18,000 Dividend Income
– $1,000,000 x 3% Yield = $30,000 Dividend Income
As can be seen above, once a DIY investor achieves a $600K+ portfolio, their dividend income can essentially become a 2nd pay cheque ($18,000+ per year). It’s a wonderful thing. But that’s dependent on the portfolio dividend yield (all companies together).
“Do you know the only thing that gives me pleasure? It’s to see my dividends coming in.” – John D. Rockefeller
Build Wealth Over the Long Run
As at June 28, 2019, the 70 Dividend Growth Machines together boast a 3.12% avg. divided yield (top 10: 6.5%), but importantly have on average grown their dividend by 10% annually over a 5 year period (which would effectively double the dividend every ~7 years). This dividend income would steadily rise throughout the years, and shareholders could either re-invest those dividends in stocks (same or different), or use the cash as income to spend / re-invest elsewhere (e.g. real estate).
Here’s Some of the Dividend Growth Machines (10* out of 70):
A&W Revenue Royalties Income Fund (AW-UN.TO) 4.24%
Brookfield Infrastructure Partners (BIP-UN.TO) 4.69%
Calian Group (CGY.TO) 3.30%
Chartwell Retirement Residences (CSH-UN.TO) 3.94%
Hydro One (H.TO) 4.23%
Premium Brands Holdings (PBH.TO) 2.35%
Restaurant Brands International (QSR.TO) 2.88%
Royal Bank of Canada (RY.TO) 3.92%
The North West Co (NWC.TO) 4.42%
Waste Connections (WCN.TO) 0.67%
* Dividend Yield as at June 28, 2019
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Disclaimer (Please Read): Robin Speziale is not a registered advisor. This content on the website robinspeziale.com, including but not limited to Patreon.com/robinspeziale, and the “Dividend Growth Machines”, does not contain any financial advice or stock recommendations. Please conduct your own research and consult a professional. Investing involves risk, including loss of principal.
