Last updated by BM on July 11, 2022
Summary:
- This article is part of our weekly series (MP Market Review) highlighting the performance and activity from the previous week related to the financial markets and Canadian dividend growth companies we follow on ‘The List.’
- ‘The List’ was up slightly last week with a minus -4.3% YTD price return (capital). Dividend growth of ‘The List’ remains at 10.2% YTD, demonstrating the rise in income over the last year.
- Last week, there were no dividend increases from companies on ‘The List.’
- Last week, there were no earnings reports from companies on ‘The List.’
- No companies on ‘The List’ are due to report earnings this week.
- Are you looking for a portfolio of ideas like these? Magic Pants DGI Premium Membership Subscribers get exclusive access to the MP Wealth-Builder Model Portfolio (CDN). Learn More
“One of the most persuasive tests of high-quality is an uninterrupted record of dividend payments going back over many years.”
– Ben Graham, The Intelligent Investor
Most of the investing community now recommends quantity over quality. Buy a few hundred stocks in an index fund (ETF) and you will do fine is their message. Ask yourself how an S&P 500 index fund or god forbid a technology ETF is doing this year? Are you able to ride that type of emotional rollercoaster, especially in your retirement? Luckily we think differently. Owning only a few quality individual dividend growth companies has fared much better than index investing over the longer term.
For now, we wait patiently for an opportunity to invest safely in our quality dividend growth stocks.
Performance of ‘The List’
Last week, ‘The List’ was up slightly with a minus -4.3% YTD price return (capital). Dividend growth of ‘The List’ remains at 10.2% YTD, demonstrating the rise in income over the last year.
The best performers last week on ‘The List’ were Enghouse Systems Limited (ENGH-T), up 7.88%; Dollarama Inc. (DOL-T), up 5.63%; and Alimentation Couche-Tard Inc. (ATD-T), up 5.26%.
Algonquin Power & Utilities (AQN-N) was the worst performer last week, down -2.18%.
Recent News
Enghouse AG Acquires NTW Software
“NTW’s team and products expand our existing console and contact center business in Central Europe, adding Unified Communication products to Enghouse’s channel product portfolio,” said Steve Sadler, Chairman & CEO of Enghouse. “We are very pleased to welcome NTW’s customers, partners and employees to Enghouse.”
(ENGH-T) has been on the lookout for acquisitions since tech valuations came under pressure recently. This is the second acquisition in the last month for Enghouse Systems.
Stantec Says Selected as Program Management Consultant for Metro Vancouver’s Iona Island Wastewater Treatment Projects
“Stantec said the projects are the largest capital program ever undertaken by Metro Vancouver. As the consultant, Stantec will provide a multi-disciplinary team of resources to deliver a broad range of program management and technical support services.”
(STN-T) has been in the news a lot recently as well. The company continues to book new business and dig into its massive project backlog.
No companies on ‘The List’ are due to report earnings this week.
Dividend Increases
Last week, there were no dividend increases from companies on ‘The List.’
Earnings Releases
Last week, there were no earnings reports from companies on ‘The List.’
Below is a snapshot of ‘The List’ from last Friday’s close. For a sortable version of ‘The List’, please click on The List menu item.
‘The List’ is not meant to be a template for investors to copy exactly. Instead, its purpose is to provide investment ideas and a real-time illustration of dividend growth investing in action. It is not a ‘Buy List’ nor does it reflect the composition or returns of our Magic Pants Wealth-Builder (CDN) Portfolio. It is only a starting point for our analysis and discussion.
The List (2022)
Last updated by BM on July 8, 2022
*Note: The following graph is wide, you can scroll to the right on your device to see more of the data.
| SYMBOL | COMPANY | YLD | PRICE | YTD % | DIV | YTD % | STREAK |
|---|---|---|---|---|---|---|---|
| AQN-N | Algonquin Power & Utilities | 5.2% | $13.48 | -6.1% | $0.70 | 5.4% | 11 |
| ATD-T | Alimentation Couche-Tard Inc. | 0.8% | $52.85 | 1.4% | $0.44 | 18.1% | 12 |
| BCE-T | Bell Canada | 5.7% | $63.53 | -3.6% | $3.64 | 4.0% | 13 |
| BIP-N | Brookfield Infrastructure Partners | 3.8% | $38.22 | -6.2% | $1.44 | 5.9% | 14 |
| CCL-B-T | CCL Industries | 1.5% | $63.19 | -6.8% | $0.96 | 14.3% | 20 |
| CNR-T | Canadian National Railway | 2.0% | $146.06 | -5.7% | $2.93 | 19.1% | 26 |
| CTC-A-T | Canadian Tire | 3.4% | $170.13 | -7.1% | $5.85 | 24.5% | 11 |
| CU-T | Canadian Utilities Limited | 4.6% | $38.54 | 5.3% | $1.78 | 1.0% | 50 |
| DOL-T | Dollarama Inc. | 0.3% | $78.29 | 23.5% | $0.22 | 9.2% | 11 |
| EMA-T | Emera | 4.4% | $60.16 | -3.9% | $2.65 | 2.9% | 15 |
| ENB-T | Enbridge Inc. | 6.3% | $54.67 | 10.4% | $3.44 | 3.0% | 26 |
| ENGH-T | Enghouse Systems Limited | 2.3% | $30.67 | -33.1% | $0.72 | 16.3% | 15 |
| FNV-N | Franco Nevada | 1.0% | $132.84 | -2.4% | $1.28 | 10.3% | 14 |
| FTS-T | Fortis | 3.6% | $59.69 | -1.3% | $2.14 | 2.9% | 48 |
| IFC-T | Intact Financial | 2.1% | $188.23 | 15.0% | $4.00 | 17.6% | 17 |
| L-T | Loblaws | 1.3% | $119.11 | 15.9% | $1.54 | 12.4% | 10 |
| MGA-N | Magna | 3.2% | $56.26 | -31.0% | $1.80 | 4.7% | 12 |
| MRU-T | Metro | 1.5% | $71.16 | 6.1% | $1.10 | 12.2% | 27 |
| RY-T | Royal Bank of Canada | 3.9% | $127.56 | -6.8% | $4.96 | 14.8% | 11 |
| SJ-T | Stella-Jones Inc. | 2.4% | $33.05 | -18.8% | $0.80 | 11.1% | 17 |
| STN-T | Stantec Inc. | 1.2% | $58.46 | -16.7% | $0.71 | 6.8% | 10 |
| TD-T | TD Bank | 4.3% | $83.22 | -16.2% | $3.56 | 12.7% | 11 |
| TFII-N | TFI International | 1.3% | $85.17 | -23.1% | $1.08 | 12.5% | 11 |
| TIH-T | Toromont Industries | 1.5% | $104.30 | -8.3% | $1.52 | 15.2% | 32 |
| TRP-T | TC Energy Corp. | 5.3% | $67.04 | 12.2% | $3.57 | 4.4% | 21 |
| T-T | Telus | 4.6% | $28.79 | -3.3% | $1.33 | 6.2% | 18 |
| WCN-N | Waste Connections | 0.7% | $125.51 | -6.4% | $0.92 | 8.9% | 12 |
| Averages | 2.9% | -4.3% | 10.2% | 18 |
