BMO chief strategist Brian Belski screens the S&P/TSX Composite in January, April July and October for dividend growth stocks. The criteria are dividend yield above zero, free cash flow yield higher than dividend yield and a dividend payout ratio below the benchmark average.
The outperform-rated names on the long list are, in alphabetical order, are Alamos Gold, Inc., Alimentation Couche-Tard, Boardwalk REIT, Baytex Energy Corp., Boyd Group Services, CCL Industries, Choice Properties REIT, Canadian Pacific Kansas City Ltd., Constellation Software, Cenovus Energy, Dollarama, BRP Inc., Dundee Precious Metals, Enerplus Corp., FirstService Corp., iA Financial Corp., Imperial Oil Ltd., Linamar Corp., Methanex Corp., Nutrien Ltd., Nuvei Corp., OceanaGold Corp., Pason Systems, Parex Resources, Russel Metals, Stantec Inc., Tricon Residential, Waste Connections, Whitecap Resources, WSP Global and Sleep Country Canada Holdings