There are six new companies in BMO chief strategist Brian Belski’s Canadian dividend growth list, which screens the domestic universe for dividend yields above zero, free cash flow greater than the dividend yield and dividend payout ratio below the S&P/TSX Composite average.
The stocks on the list are (new additions in bold) Alamos Gold, Inc., 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. and WSP Global, Inc.