National Bank this week released an update to its 2022 Dividend All-Stars portfolio. For the second half of the year, the portfolio was trimmed to 20 securities with the addition of a REIT and removal of two securities.
Each security in the Dividend All-Stars portfolio must meet three investment criteria: 1) minimum yield of approximately 4 per cent; 2) high probability of sustainable or rising dividends; and 3) an overall positive outlook for the company and/or the security price.
The Dividend All-Stars portfolio has a strong performance track record relative to the TSX Index. For seven of the past 10 years, the portfolio has reported a total return that exceeded the Index. During the first half of this year, the Dividend All-Stars portfolio delivered a total return, including the yield, of 0.2 per cent outperforming the S&P/TSX Composite Index, which declined 5.2 per cent.
Listed in the table below are the 20 securities in the Dividend All-Stars portfolio.
| | SECURITY | TICKER | YIELD |
| 1 | Alaris Equity Partners Income Trust | AD-UN-T | 7.6% |
| 2 | Algonquin Power & Utilities Corp. | AQN-T | 5.0% |
| 3 | Allied Properties REIT | AP-UN-T | 5.4% |
| 4 | AltaGas Ltd. | ALA-T | 3.6% |
| 5 | BCE Inc. | BCE-T | 5.6% |
| 6 | Capital Power Corp. | CPX-T | 4.6% |
| 7 | Choice Properties REIT | CHP-UN-T | 5.2% |
| 8 | CIBC | CM-T | 5.0% |
| 9 | CT REIT | CRT-UN-T | 5.1% |
| 10 | Dexterra Group | DXT-T | 5.8% |
| 11 | Dream Industrial REIT | DIR-UN-T | 5.7% |
| 12 | DRI Healthcare Trust | DHT-UN-T | 4.5% |
| 13 | Enbridge Inc. | ENB-T | 6.1% |
| 14 | IGM Financial Inc. | IGM-T | 6.0% |
| 15 | Keyera Corp. | KEY-T | 6.1% |
| 16 | Killam Apartment REIT | KMP-UN-T | 4.1% |
| 17 | KP Tissue Inc. | KPT-T | 6.8% |
| 18 | Mullen Group Ltd. | MTL-T | 5.0% |
| 19 | Topaz Energy Corp. | TPZ-T | 5.4% |
| 20 | Transcontinental Inc. | TCL-A-T | 5.5% |