“You have a pair of pants. In the left pocket, you have $100. You take $1 out of the left pocket and put it in the right pocket. You now have $101. There is no diminution of dollars in your left pocket. That is one magic pair of pants.”

Month: April 2026

MP Market Review – April 24, 2026

Last updated by BM on April 28, 2026

Summary

 

This is not a stock-picking newsletter.

It’s a behind-the-scenes look at how a dividend growth portfolio is built, maintained, and improved over time.

Welcome to this week’s MP Market Review. Each week, we track the Canadian dividend growth companies on The List, our curated watchlist of businesses designed to produce rising income. While we also publish a U.S. edition monthly, Canada remains our training ground.

Our objective is simple: grow dividend income by 7–10%+ annually while delivering capital appreciation that matches or exceeds the TSX Composite in Canada and the S&P 500 for our U.S. investors over a full market cycle.

What you’re about to read isn’t theory. It’s the real-time application of a dividend growth strategy using real money, with a clear objective: growing income first and letting capital growth follow.

Markets generate a lot of noise. We ignore most of it.

Instead, we track a small set of metrics that tell us whether our dividend growth strategy is working in real time. No forecasts. No opinions. Just results.

Here they are:

  • Dividend income from The List: +6.4% year-to-date
  • Capital value: +1.7% year-to-date
  • Dividend announcements last week: None
  • Earnings reports last week: Two
  • Earnings reports this week: Six

DGI Clipboard

 

“This is one of the keys to successful investing: focus on the companies, not on the stocks.”

 – Peter Lynch

Ownership Thinking

For us, investing is about owning businesses, not trading stocks.

We approach every purchase with an ownership mindset, as if we were acquiring a meaningful stake in the company. This perspective keeps us steady during market volatility and strengthens our long-term commitment.

It also forces a deeper level of understanding. We are aligning with high-quality businesses, led by capable management teams and supported by thousands of employees doing the real work. Their success is what ultimately drives our income and long-term returns.

Our portfolio is not a list of tickers.

We treat it like an asset management business, with dividend growth companies as the core assets and us as the CEO. That framing matters. It shifts the focus toward building something durable that produces both rising income and long-term capital appreciation.

This is what reinforces our “rarely sell” philosophy.

Through all market conditions, we follow the same playbook.

Add more when prices are attractive.
Let the businesses compound when conditions improve.

Over time, the shift happens.

You move from working for your money to managing assets that work for you.

You already know this.

Most investors just don’t act like it.

When you buy a stock, you are not trading a ticker. You are buying a slice of a real business. That has consequences.

If you buy shares of Royal Bank of Canada, you are making a valuation decision on the entire enterprise. You are saying, at today’s price, this business is worth owning based on what it can produce going forward.

It does not matter that you are only buying a few shares.

The mindset should be the same.

This is where most investors lose the plot.

They focus on price.
They watch screens.
They react to headlines.

Owners do something different.

They focus on the business.

Think about it this way.

Imagine you own a small, family-run HVAC company.

Your grandfather started it. Your parents expanded it. Now you are responsible for running it and eventually passing it on.

The business generates steady cash flow. Customers depend on it. Growth is not explosive, but it is consistent.

Now ask yourself what actually matters.

Do you care what someone offers you for the business today?

No.

What matters is simple.

How much cash does it produce?
Will that cash grow over time?

That’s it.

Income and growth.

Everything else is noise.

This is the exact lens we should be using with our dividend growth portfolios.

When we buy a quality company, we are stepping into ownership of a cash-generating asset. The job is not to predict price moves. The job is to assess whether the business can grow earnings and dividends over time.

If it can, the rest follows.

Dividends rise.
Income compounds.
Price eventually catches up.

Takeaway

 

This is where dividend growth investing separates itself from speculation.

We are not relying on someone else to pay us more tomorrow.

We are relying on the business to produce more cash next year than it did this year.

That is a far more durable edge.

From trading to owning.
From price to income.
From noise to process.

Get this right, and everything else gets easier.

Looking for a helping hand in the market? Members of Magic Pants Dividend Growth Investing get exclusive ideas and guidance to navigate any climate.

The Magic Pants model portfolios (Canadian and American) are real-money dividend growth portfolios funded with actual capital and executed in live accounts. Every position shown is owned, sized, and tracked in real time using our disciplined DGI process.

Become a paid subscriber, and I’ll show you exactly how I do it. In addition, gain full access to this post and exclusive, subscriber-only content. We do the work; you stay in control.

DGI Scorecard

 

The Magic Pants 2026 list (The List) includes 26 Canadian dividend growth stocks and our new American watchlist (The List-USA) contains 28 companies. Here are the criteria to be considered a candidate on our watchlists:

  1. Dividend growth streak: 10 years or more.
  2. Market cap: Minimum one billion dollars.
  3. Diversification: Limit of five companies per sector, preferably two per industry.
  4. Cyclicality: Exclude REITs and pure-play energy companies due to high cyclicality.

Based on these criteria, companies are added or removed from ‘The List’ annually on January 1. Prices and dividends are updated weekly.

‘The List’ is not a portfolio but a coaching tool that helps us think about ideas and risk manage our model portfolio. We own some but not all the companies on ‘The List’. In other words, we might want to buy these companies when valuation looks attractive.

Our newsletter provides readers with a comprehensive insight into the implementation and advantages of our Canadian dividend growth investing strategy. This evidence-based, unbiased approach empowers DIY investors to outperform both actively managed dividend funds and passively managed indexes and dividend ETFs over longer-term horizons.

Performance of ‘The List’

 

The dividend growth of The List stayed the same last week, with an average YTD increase of 6.4% (income).

The price of The List was down last week and now stands at +1.7% YTD (capital).

Top Performers Last Week: 

  • TFI International (TFII-N), up +5.56%.
  • Waste Connections (WCN-N), up +4.03%.
  • Magna (MGA-N), up +3.93%.

Worst Performer Last Week: 

  • Franco Nevada (FNV-N), down -7.68%.

Note: Stocks ending in “-N or -Q” declare earnings and dividends in US dollars. To achieve currency consistency between dividends and share price for these stocks, we have shown dividends in US dollars and share price in US dollars (these stocks are listed on a US exchange). The dividends for their Canadian counterparts (-T) would be converted into CDN dollars and would fluctuate with the exchange rate.

PAID subscribers enjoy full access to our enhanced weekly newsletter, premium content, and easy-to-follow trade alerts so they can build DGI portfolios alongside ours. This service provides the resources to develop your DGI business plan confidently. We do the work; you stay in control!

It truly is the subscription that pays dividends!

The greatest investment you can make is in yourself. Are you ready to take that step? 

For more articles and the full newsletter, check us out on magicpants.substack.com.

MP Market Review – April 17, 2026

Last updated by BM on April 21, 2026

Summary

 

This is not a stock-picking newsletter.

It’s a behind-the-scenes look at how a dividend growth portfolio is built, maintained, and improved over time.

Welcome to this week’s MP Market Review. Each week, we track the Canadian dividend growth companies on The List, our curated watchlist of businesses designed to produce rising income. While we also publish a U.S. edition monthly, Canada remains our training ground.

Our objective is simple: grow dividend income by 7–10%+ annually while delivering capital appreciation that matches or exceeds the TSX Composite in Canada and the S&P 500 for our U.S. investors over a full market cycle.

What you’re about to read isn’t theory. It’s the real-time application of a dividend growth strategy using real money, with a clear objective: growing income first and letting capital growth follow.

Markets generate a lot of noise. We ignore most of it.

Instead, we track a small set of metrics that tell us whether our dividend growth strategy is working in real time. No forecasts. No opinions. Just results.

Here they are:

  • Dividend income from The List: +6.4% year-to-date
  • Capital value: +1.8% year-to-date
  • Dividend announcements last week: None
  • Earnings reports last week: None
  • Earnings reports this week: One

DGI Clipboard

 

“I do believe it is possible for a minority of investors to get significantly better results than average. Two conditions are necessary for that. One is that they must follow some sound principles of selection that are related to the value of securities and not to their market price. The other is that their method of operation must be basically different from that of the majority of security buyers. They have to cut themselves off from the general public and put themselves into a different category.”

– Benjamin Graham

Being Lucky vs Being Good

Imagine we sponsor a global contest to find the world’s best coin flippers.

100,000 people enter. Everyone flips a coin at the same time. After each round, anyone who lands tails is eliminated. This continues until only those who flip 10 heads in a row remain.

Simple math tells us what happens next.

The odds of flipping 10 straight heads are 1 in 1,024. So out of 100,000 participants, roughly 98 people will make it to the end.

And what do we call them?

Experts.

They will build audiences. They will write books. They will explain their “process.” They will tell you what they did differently.

But we know the truth.

They got lucky.

This is exactly what happens in the stock market every single day.

A handful of investors buy the right stock at the right time. Prices rise. Narratives form. And suddenly, skill gets confused with luck.

At Magic Pants Dividend Growth Investing, we take a very different approach.

We are not trying to flip coins.

We are not trying to predict which stock will double next year.

We are not chasing price.

We are building something far more reliable. We are building income.

Dividend growth investing removes the guesswork. Instead of hoping someone else will pay us more for a stock tomorrow, we focus on what the business pays us today and how that payment grows over time.

That is the difference between speculation and process.

A rising dividend is not luck. It is the result of earnings growth, disciplined management, and durable business models. When those dividends increase year after year, something powerful happens.

The income becomes predictable.

The portfolio becomes resilient.

And over time, the market does what it always does. It follows the fundamentals.

Dividends lead. Prices follow.

Anyone can look like a genius over 10 coin flips. Very few have the patience to build a growing income stream over 10 years.

That is the real game.

Takeaway

 

At Magic Pants, we are not interested in being the “best coin flippers” in the room. We are focused on owning high-quality businesses, buying them at sensible prices, and letting the income snowball do the heavy lifting.

Because in the end, wealth is not built on lucky streaks.

It is built on a repeatable process that works whether the coin lands heads or tails.

Looking for a helping hand in the market? Members of Magic Pants Dividend Growth Investing get exclusive ideas and guidance to navigate any climate.

The Magic Pants model portfolios (Canadian and American) are real-money dividend growth portfolios funded with actual capital and executed in live accounts. Every position shown is owned, sized, and tracked in real time using our disciplined DGI process.

Become a paid subscriber, and I’ll show you exactly how I do it. In addition, gain full access to this post and exclusive, subscriber-only content. We do the work; you stay in control.

DGI Scorecard

 

The Magic Pants 2026 list (The List) includes 26 Canadian dividend growth stocks and our new American watchlist (The List-USA) contains 28 companies. Here are the criteria to be considered a candidate on our watchlists:

  1. Dividend growth streak: 10 years or more.
  2. Market cap: Minimum one billion dollars.
  3. Diversification: Limit of five companies per sector, preferably two per industry.
  4. Cyclicality: Exclude REITs and pure-play energy companies due to high cyclicality.

Based on these criteria, companies are added or removed from ‘The List’ annually on January 1. Prices and dividends are updated weekly.

‘The List’ is not a portfolio but a coaching tool that helps us think about ideas and risk manage our model portfolio. We own some but not all the companies on ‘The List’. In other words, we might want to buy these companies when valuation looks attractive.

Our newsletter provides readers with a comprehensive insight into the implementation and advantages of our Canadian dividend growth investing strategy. This evidence-based, unbiased approach empowers DIY investors to outperform both actively managed dividend funds and passively managed indexes and dividend ETFs over longer-term horizons.

Performance of ‘The List’

 

The dividend growth of The List stayed the same last week, with an average YTD increase of 6.4% (income).

The price of The List was up last week and now stands at +1.8% YTD (capital).

Top Performers Last Week: 

  • Thomson Reuters (TRI-Q), up +11.70%.
  • TFI International (TFII-N), up +7.49%.
  • Manulife Financial (MFC-T), up +5.22%.

Worst Performer Last Week: 

  • Canadian Natural Resources (CNQ-T), down -8.34%.

Note: Stocks ending in “-N or -Q” declare earnings and dividends in US dollars. To achieve currency consistency between dividends and share price for these stocks, we have shown dividends in US dollars and share price in US dollars (these stocks are listed on a US exchange). The dividends for their Canadian counterparts (-T) would be converted into CDN dollars and would fluctuate with the exchange rate.

PAID subscribers enjoy full access to our enhanced weekly newsletter, premium content, and easy-to-follow trade alerts so they can build DGI portfolios alongside ours. This service provides the resources to develop your DGI business plan confidently. We do the work; you stay in control!

It truly is the subscription that pays dividends!

The greatest investment you can make is in yourself. Are you ready to take that step? 

For more articles and the full newsletter, check us out on magicpants.substack.com.

MP Market Review – April 10, 2026

Last updated by BM on April 14, 2026

Summary

 

This is not a stock-picking newsletter.

It’s a behind-the-scenes look at how a dividend growth portfolio is built, maintained, and improved over time.

Welcome to this week’s MP Market Review. Each week, we track the Canadian dividend growth companies on The List, our curated watchlist of businesses designed to produce rising income. While we also publish a U.S. edition monthly, Canada remains our training ground.

Our objective is simple: grow dividend income by 7–10%+ annually while delivering capital appreciation that matches or exceeds the TSX Composite in Canada and the S&P 500 for our U.S. investors over a full market cycle.

What you’re about to read isn’t theory. It’s the real-time application of a dividend growth strategy using real money, with a clear objective: growing income first and letting capital growth follow.

Markets generate a lot of noise. We ignore most of it.

Instead, we track a small set of metrics that tell us whether our dividend growth strategy is working in real time. No forecasts. No opinions. Just results.

Here they are:

  • Dividend income from The List: +6.4% year-to-date
  • Capital value: +1.7% year-to-date
  • Dividend announcements last week: None
  • Earnings reports last week: None
  • Earnings reports this week: None

DGI Clipboard

 

“Current yield, using its own historic yield as a guide, is, in my view, a fine valuation measure.”

— Tom Connolly

Timely Ten: High Quality on Sale… If You’re Paying Attention

 

Our Timely Ten lists remain the fastest way to spot potential value opportunities, which explains why they continue to be the most-read articles every month.

Timely Ten – Canada

Very little changed in this month’s Timely Ten (CDN).

Just one name moved on, and one moved off. When that happens, new ideas don’t jump off the page. You have to look a little harder. That is where the opportunity usually is.

One name that quietly stood out this month is Waste Connections.

The stock moved from number six to number four on the list, driven by recent price weakness. That matters.

Outside of Canadian National Railway, Waste Connections has one of the highest quality rankings in the Timely Ten. That alone should get your attention.

This is the playbook.

We are not chasing headlines. We are not guessing direction. We are simply waiting for high-quality businesses to come back to sensible prices and then acting accordingly.

From a portfolio standpoint, this is where things get interesting.

We already have close to a full position in Canadian National. Waste Connections, on the other hand, sits at roughly 3.5%. Not quite at its 5% maximum. That leaves room.

And when a business of this quality starts moving up the list due to price weakness, we pay attention.

That is how the income snowball gets built.

Note: goeasy Ltd.’s dividend has been suspended.

Timely Ten – United States

Very little changed in this month’s Timely Ten (USA).

No names moved on or off the list. But that does not mean nothing happened.

Several high-quality businesses quietly got cheaper. Comcast, Automatic Data Processing, Intuit, and Essential Utilities all moved in the right direction from a valuation standpoint.

That is where you lean in.

One other name that continues to stand out is Visa.

Visa carries one of the highest quality rankings on our U.S. watchlist and has been a standout dividend growth performer for nearly two decades. This is exactly the type of business we want compounding in the background for years.

From a portfolio standpoint, we are already at a full position size, so adding here is unlikely.

But for new capital or new investors, this is one to study closely.

High-quality businesses rarely go on sale.

When they do, you pay attention.

Background

Step three in our process involves regularly monitoring our quality dividend growers, which can become quite challenging depending on the number of companies we track. Fortunately, we rely on ‘The List’ rather than the index’s vast array of stocks, which streamlines our task. Nevertheless, we continually seek methods to enhance our efficiency. Through dividend yield theory, we’ve discovered an approach that has proven remarkably effective in supporting our efforts over the years.

Dividend yield theory is a simple and intuitive approach to valuing dividend growth stocks. It suggests that the dividend yield of quality dividend growth stocks tends to revert to the mean over time, assuming that the underlying business model remains stable. In practical terms, if a stock pays a dividend yield above its ten-year average annual yield, its price will likely increase to return the yield to its historical average. Given that price and yield move in opposite directions, this theory helps us identify stocks poised for a favourable price correction.

We have pre-screened our candidates using the criteria we initially laid out in building our watchlists. This helps us considerably narrow the universe of investable stocks.

  1. Dividend growth streak: 10 years or more.
  2. Market cap: Minimum one billion dollars.
  3. Diversification: Limit of five companies per sector, preferably two per industry.
  4. Cyclicality: Exclude REITs and pure-play energy companies due to high cyclicality.

Next, we rank our Canadian and American watchlists based on how far each stock’s price is below its fair value (Low Price), as determined by dividend yield theory. To find fair value, divide the current dividend (Dividend) by the stock’s historical high yield (High Yield).

Since price and yield move in opposite directions, a lower price results in a higher yield, and vice versa. The ten companies above the thick black line have a current price (Price) below fair value (Low Price). Put simply, these stocks have a current dividend yield higher than their historically high yield. According to dividend yield theory, these companies are sensibly priced and have the highest probability of a price increase in the short term. These are our Timely Ten.

Takeaway

 

History shows the Timely Ten is fertile ground for finding attractive entry points into high-quality dividend growers. Whether or not you act on the names, the list serves its purpose: to surface opportunities when quality meets value.

When making investment decisions, always prioritize a company’s ‘quality’ over a ‘sensible price’. For more details on our quality indicators, download our Free Guide to Finding Quality Dividend Growth Stocks here.

Looking for a helping hand in the market? Members of Magic Pants Dividend Growth Investing get exclusive ideas and guidance to navigate any climate.

The Magic Pants model portfolios (Canadian and American) are real-money dividend growth portfolios funded with actual capital and executed in live accounts. Every position shown is owned, sized, and tracked in real time using our disciplined DGI process.

Become a paid subscriber, and I’ll show you exactly how I do it. In addition, gain full access to this post and exclusive, subscriber-only content. We do the work; you stay in control.

DGI Scorecard

 

The Magic Pants 2026 list (The List) includes 26 Canadian dividend growth stocks and our new American watchlist (The List-USA) contains 28 companies. Here are the criteria to be considered a candidate on our watchlists:

  1. Dividend growth streak: 10 years or more.
  2. Market cap: Minimum one billion dollars.
  3. Diversification: Limit of five companies per sector, preferably two per industry.
  4. Cyclicality: Exclude REITs and pure-play energy companies due to high cyclicality.

Based on these criteria, companies are added or removed from ‘The List’ annually on January 1. Prices and dividends are updated weekly.

‘The List’ is not a portfolio but a coaching tool that helps us think about ideas and risk manage our model portfolio. We own some but not all the companies on ‘The List’. In other words, we might want to buy these companies when valuation looks attractive.

Our newsletter provides readers with a comprehensive insight into the implementation and advantages of our Canadian dividend growth investing strategy. This evidence-based, unbiased approach empowers DIY investors to outperform both actively managed dividend funds and passively managed indexes and dividend ETFs over longer-term horizons.

Performance of ‘The List’

 

The dividend growth of The List stayed the same last week, with an average YTD increase of 6.4% (income).

The price of The List was up last week and now stands at +1.7% YTD (capital).

Top Performers Last Week: 

  • TFI International (TFII-N), up +9.96%.
  • Toromont Industries (TIH-T), up +7.78%.
  • TD Bank (TD-T), up +5.11%.

Worst Performer Last Week: 

  • goeasy Ltd. (GSY-T), down -10.04%.

Note: Stocks ending in “-N or -Q” declare earnings and dividends in US dollars. To achieve currency consistency between dividends and share price for these stocks, we have shown dividends in US dollars and share price in US dollars (these stocks are listed on a US exchange). The dividends for their Canadian counterparts (-T) would be converted into CDN dollars and would fluctuate with the exchange rate.

PAID subscribers enjoy full access to our enhanced weekly newsletter, premium content, and easy-to-follow trade alerts so they can build DGI portfolios alongside ours. This service provides the resources to develop your DGI business plan confidently. We do the work; you stay in control!

It truly is the subscription that pays dividends!

The greatest investment you can make is in yourself. Are you ready to take that step? 

For more articles and the full newsletter, check us out on magicpants.substack.com.

MP Market Review – April 3, 2026

Last updated by BM on April 7, 2026

Summary

 

This is not a stock-picking newsletter.

It’s a behind-the-scenes look at how a dividend growth portfolio is built, maintained, and improved over time.

Welcome to this week’s MP Market Review. Each week, we track the Canadian dividend growth companies on The List, our curated watchlist of businesses designed to produce rising income. While we also publish a U.S. edition monthly, Canada remains our training ground.

Our objective is simple: grow dividend income by 7–10%+ annually while delivering capital appreciation that matches or exceeds the TSX Composite in Canada and the S&P 500 for our U.S. investors over a full market cycle.

What you’re about to read isn’t theory. It’s the real-time application of a dividend growth strategy using real money, with a clear objective: growing income first and letting capital growth follow.

Markets generate a lot of noise. We ignore most of it.

Instead, we track a small set of metrics that tell us whether our dividend growth strategy is working in real time. No forecasts. No opinions. Just results.

Here they are:

  • Dividend income from The List: +6.4% year-to-date
  • Capital value: +0.7% year-to-date
  • Dividend announcements last week: One
  • Earnings reports last week: One
  • Earnings reports this week: None

DGI Clipboard

 

“A true investor buys for the dividend return and understands that yield growth will drive total return.”

– Tom Connolly

“Our increasing income comes from our companies directly, not the market.”

-Tom Connolly

“Dividend growth is the hidden magic in plain sight. We hold because after ten years, our yield is at least 5%, on average 7% and often about 10%.”

– Tom Connolly

“Why would you hold fixed income on purpose when you can have a growing income in retirement? Perhaps because you believed your wealth manager’s guff.”

-Tom Connolly

Dividend Return: The Investment Return You Can Actually Control

 

My mentor, Tom Connolly didn’t hold back on how he felt about dividend return (growth yield). I included some of his best quotes above.

It is hard to stay focused and patient as a DIY investor. Markets move. Headlines scream. Prices fall. And in those moments, all the talk about temperament, discipline, and process gets tested.

Most investors think they understand these ideas. Very few actually live them.

At Magic Pants, we approach investing differently. We are not chasing price. We are building income. And more specifically, we are building dividend return.

That distinction matters.

Dividend return is the portion of your total return that comes from cash paid to you by the business. It is real. It is measurable. And most importantly, it grows over time when you own the right companies.

Capital return, on the other hand, is unpredictable in the short term. It depends on sentiment, multiples, and narratives. You cannot control it.

But dividend return? That is where you focus.

Here is what that looks like in practice.

In 2011, an equal-weighted basket of high-quality Canadian dividend growers, what we now call the All-Canadian DGI Portfolio, yielded about 2.5%.

Today, that same basket yields 11.4% on original cost (YTD dividend/$11 price).

Let’s translate that into something tangible.

A $1,000,000 investment back then would now be generating $114,000 in annual income today. And that income is not static. It continues to grow year after year.

That is the difference between chasing yield and building it.

Nothing fancy happened. No trading. No forecasting. No guessing.

Just ownership of quality businesses that continued to grow earnings and raise dividends year after year.

That is the quiet superpower of dividend growth investing.

While the market debates interest rates and economic cycles, your income keeps climbing. Slowly at first. Then all at once.

And here is where most investors miss the point.

They anchor to today’s yield instead of focusing on tomorrow’s income.

They look at a 2–3% yield and think it is not enough.

What they fail to see is what that yield becomes after a few years of consistent growth.

This is why we say:

Dividends lead. Prices follow.

As earnings grow, dividends grow. As dividends grow, the market eventually reprices the business higher. The capital return shows up later.

But the income? That shows up every quarter.

So when markets get volatile, remember what you actually own.

You do not own a ticker symbol.

You own a stream of growing cash flow.

Takeaway

 

Our job is simple.

Buy quality companies.
Pay sensible prices.
Build positions over time.
Reinvest the income.

Then step aside and let the income snowball do the heavy lifting.

That is dividend return.

And over time, it changes everything.

Looking for a helping hand in the market? Members of Magic Pants Dividend Growth Investing get exclusive ideas and guidance to navigate any climate.

The Magic Pants model portfolios (Canadian and American) are real-money dividend growth portfolios funded with actual capital and executed in live accounts. Every position shown is owned, sized, and tracked in real time using our disciplined DGI process.

Become a paid subscriber, and I’ll show you exactly how I do it. In addition, gain full access to this post and exclusive, subscriber-only content. We do the work; you stay in control.

DGI Scorecard

 

The Magic Pants 2026 list (The List) includes 26 Canadian dividend growth stocks and our new American watchlist (The List-USA) contains 28 companies. Here are the criteria to be considered a candidate on our watchlists:

  1. Dividend growth streak: 10 years or more.
  2. Market cap: Minimum one billion dollars.
  3. Diversification: Limit of five companies per sector, preferably two per industry.
  4. Cyclicality: Exclude REITs and pure-play energy companies due to high cyclicality.

Based on these criteria, companies are added or removed from ‘The List’ annually on January 1. Prices and dividends are updated weekly.

‘The List’ is not a portfolio but a coaching tool that helps us think about ideas and risk manage our model portfolio. We own some but not all the companies on ‘The List’. In other words, we might want to buy these companies when valuation looks attractive.

Our newsletter provides readers with a comprehensive insight into the implementation and advantages of our Canadian dividend growth investing strategy. This evidence-based, unbiased approach empowers DIY investors to outperform both actively managed dividend funds and passively managed indexes and dividend ETFs over longer-term horizons.

Performance of ‘The List’

 

The dividend growth of The List stayed the same last week, with an average YTD increase of 6.4% (income).

The price of The List was up last week and now stands at +0.7% YTD (capital).

Top Performers Last Week: 

  • Franco Nevada (FNV-N), up +10.17%.
  • Waste Connections (WCN-N), up +6.43%.
  • TFI International (TFII-N), up +6.35%.

Worst Performer Last Week: 

  • Canadian Natural Resources (CNQ-T), down -4.77%.

Note: Stocks ending in “-N or -Q” declare earnings and dividends in US dollars. To achieve currency consistency between dividends and share price for these stocks, we have shown dividends in US dollars and share price in US dollars (these stocks are listed on a US exchange). The dividends for their Canadian counterparts (-T) would be converted into CDN dollars and would fluctuate with the exchange rate.

PAID subscribers enjoy full access to our enhanced weekly newsletter, premium content, and easy-to-follow trade alerts so they can build DGI portfolios alongside ours. This service provides the resources to develop your DGI business plan confidently. We do the work; you stay in control!

It truly is the subscription that pays dividends!

The greatest investment you can make is in yourself. Are you ready to take that step? 

For more articles and the full newsletter, check us out on magicpants.substack.com.

I’ll coach you on how to identify high-quality individual dividend growth stocks when they are sensibly priced, and hold them for the growing income.