BMO chief investment strategist Brian Belski added four companies to his Canadian dividend growth list of picks. The criteria to make the list are a dividend greater than zero, free cash flow yield greater than the dividend yield and a dividend payout ratio less than the index average.
The new companies are Cameco Corp., Colliers International Group Inc., Dollarama Inc. and IA Financial Corp. Inc. Elsewhere in the list, the outperform rated names are ARC Resources, Alimentation Couche-Tard, Boardwalk REIT, Birchcliff Energy Inc., Boyd Group Services, CCL Industries, Canadian Pacific Kansas City, Constellation Software, Cenovus Energy, BRP Inc., Enerplus Corp., Intact Financial, Imperial Oil, Linamar Corp., Methanex Corp., Nutrien Ltd., Pason Systems, Parex Resources, Secure Energy Services, Stantec Inc., Suncor Energy, Tricon Residential, Waste Connections Inc., Whitecap Resources, West Fraser Timber Co. Ltd. and Sleep Country Canada Holdings Inc.