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The top ten names with the highest dividend growth rate in the last ten years:
In order to seek those life-changing stocks, we think investors need to look back before looking forward. Here is the top ten Canadian stocks with the best 10-year track record of dividend growth.
ELF E-L Financial Corporation Limited 41%
QBRA Quebecor Inc. 37%
GSY goeasy Ltd. 27%
QSR Restaurant Brands International Inc 25%
PRVUN Pro Real Estate Investment Trust 23%
ATD Alimentation Couche-Tard Inc. 23%
GCGA Guardian Capital Group Limited 21%
CNQ Canadian Natural Resources Limited 20%
CCLB CCL Industries Inc. 20%
WFG West Fraser Timber Co. Ltd. 19%
Ten years is a long time, and it is a respectable record to study. Although the historical track record does not mean these companies would continue to do so in the foreseeable future, it could be a starting point for investors to look for ideas. The list above already includes some of the high-conviction names in our model portfolio, including goeasy Ltd. (GSY) ; Alimentation Couche-Tard Inc. (ATD); Canadian Natural Resources Limited (CNQ), and CCL Industries Inc. (CCL.B). We think the probabilities are high that these names will continue to do well for long-term investors five or ten years from now.