BMO chief strategist Brian Belski detailed the outperformance of the stocks selected from his dividend growth screen, which includes TSX stocks with free cash flow greater than the dividend yield, and a dividend payout ratio less than the S&P/TSX Composite. The dividend growth stocks returned 1.2 per cent in January, double the benchmark result.
The full list of companies that made it through the screen includes Alamos Gold, ARC Resources Ltd. Alimentation Couche-Tard, Inc. Boardwalk Real Estate Investment Trust, Baytex Energy Corp., Boyd Group Services Inc., Cogeco Communications Inc., CCL Industries Inc., Cameco Corp., Canadian Pacific Kansas City Ltd., Constellation Software Inc., Cenovus Energy Inc., Dollarama Inc., BRP Inc., Dundee Precious Metals Inc., Empire Co. Ltd., Enerplus Corp., First Quantum Minerals Ltd., FirstService Corp., Gildan Activewear Inc., Imperial Oil Ltd., Loblaw Cos. Ltd., Metro Inc., MTY Food Group Inc., Methanex Corp., OceanaGold Corp., Pet Valu Holdings Ltd., Pason Systems Inc., Richelieu Hardware Ltd., Russel Metals Inc., SSR Mining Inc., Stantec Inc., Suncor Energy Inc., TransAlta Corp., Tricon Residential Inc., TFI International Inc., Spin Master Corp., Vermilion Energy Inc., Waste Connections Inc., George Weston Ltd., Winpak Ltd., WSP Global Inc., and Sleep Country Canada Holdings, Inc.