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Discussion Starter · #1 ·
In case this interests anyone, here's a list of all stocks in the TSX Composite as of June 4 and each of their dividend yields.

It's kind of nuts that ENB is the second highest yielding stock in the entire TSX Composite!

0.00 AC
0.00 ACB
0.00 AT
0.00 ATA
0.00 ATZ
0.00 AUP
0.00 BB
0.00 BDGI
0.00 BHC
0.00 BIP.UN
0.00 BLDP
0.00 BPY.UN
0.00 CAE
0.00 CFP
0.00 CLS
0.00 CRON
0.00 DML
0.00 DSG
0.00 EDR
0.00 EDV
0.00 ELD
0.00 EQX
0.00 ERO
0.00 FVI
0.00 GC
0.00 GIB.A
0.00 GOOS
0.00 HCG
0.00 IFP
0.00 IMG
0.00 IVN
0.00 KXS
0.00 LAC
0.00 LSPD
0.00 MAG
0.00 MEG
0.00 MX
0.00 NG
0.00 NGD
0.00 NXE
0.00 OGC
0.00 OGI
0.00 OSK
0.00 PVG
0.00 PXT
0.00 QSR
0.00 REAL
0.00 SEA
0.00 SHOP
0.00 SIL
0.00 SOY
0.00 SSL
0.00 TLRY
0.00 TOY
0.00 TRIL
0.00 TRQ
0.00 TXG
0.00 VET
0.00 VFF
0.00 WDO
0.00 WEED
0.00 WIR.UN
0.00 WPRT
0.04 FM
0.09 CIGI
0.10 FR
0.14 GFL
0.16 DND
0.17 CPG
0.22 HBM
0.25 SNC
0.27 BYD
0.28 CSU
0.30 WPK
0.31 CCO
0.37 DOL
0.40 SVM
0.44 FSV
0.45 ONEX
0.54 DOO
0.56 BBU.UN
0.60 CJT
0.62 CVE
0.65 RCH
0.67 TECK.B
0.68 WCN
0.77 LNR
0.78 ATD.B
0.78 CP
0.80 FNV
0.87 PAAS
0.90 WFG
1.02 TFII
1.04 AIF
1.04 BAM.A
1.06 EQB
1.10 WSP
1.11 AGI
1.12 SSRM
1.13 OR
1.16 WPM
1.20 ENGH
1.21 CCL.B
1.23 STN
1.26 EMP.A
1.30 TIH
1.37 JWEL
1.39 PRMW
1.40 MRE
1.44 ECN
1.48 RBA
1.50 K
1.53 ABX
1.53 SJ
1.57 TA
1.65 TRI
1.66 MG
1.66 OTEX
1.69 GIL
1.71 MRU
1.73 DPM
1.75 BLX
1.78 L
1.81 CNR
1.81 GSY
1.83 KL
1.85 WN
1.86 SAP
1.87 LUN
1.89 PSK
1.92 EFN
1.94 IFC
2.01 AEM
2.06 PBH
2.07 CG
2.07 YRI
2.08 IIP.UN
2.09 TOU
2.11 TCN
2.17 CCA
2.20 CF
2.21 SII
2.22 FFH
2.31 X
2.32 LWRK
2.33 CTC.A
2.35 CAS
2.36 IPL
2.39 FCR.UN
2.46 CAR.UN
2.54 BEI.UN
2.55 ARX
2.63 IMO
2.64 ZZZ
2.67 FTT
2.68 ITP
2.70 MFI
2.73 SU
2.78 IAG
2.85 NTR
2.87 WCP
2.95 NPI
3.04 PKI
3.05 NA
3.10 BEP.UN
3.17 RCI.B
3.20 CIX
3.23 CWB
3.26 NFI
3.28 SJR.B
3.31 BMO
3.32 QBR.B
3.34 BTO
3.37 SLF
3.42 RY
3.44 H
3.49 KMP.UN
3.50 CUF.UN
3.50 INE
3.54 SMU.UN
3.59 TD
3.61 LB
3.66 FTS
3.68 MTL
3.76 AP.UN
3.76 GRT.UN
3.83 CJR.B
3.85 ARE
4.02 CM
4.02 NWC
4.05 ACO.X
4.06 TCL.A
4.07 ALA
4.14 CNQ
4.25 HR.UN
4.37 WTE
4.41 AQN
4.43 BNS
4.44 MFC
4.46 D.UN
4.46 POW
4.47 REI.UN
4.49 EMA
4.54 T
4.60 RUS
4.61 ERF
4.65 SPB
4.69 CSH.UN
4.73 GWO
4.78 RNW
4.86 CRT.UN
4.94 DIR.UN
4.97 CU
4.98 IGM
5.07 CRR.UN
5.10 CHP.UN
5.27 AX.UN
5.27 CPX
5.48 TRP
5.58 GEI
5.73 BCE
5.76 EIF
5.77 SIA
5.83 KEY
6.16 NWH.UN
6.33 SRU.UN
6.55 PPL
7.08 ENB
8.61 LIF
 

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Discussion Starter · #2 ·
And just for fun here's a portfolio made of the 13 highest yielding TSX stocks, excluding some that had limited history.

BCE
ENB
TRP
IGM
CU
CPX
LIF
PPL
CRR.UN
KEY
NWH.UN
EIF
SIA

This portfolio has a dividend yield of 5.9% today. Over the last 10 years, it had a performance of 11.5% annualized which beat the Canadian index.

A portfolio like that isn't a terrible idea, but I think if you want to invest like that, you'll have to actively monitor the holdings and make sure you get rid of weak companies that pay unsustainable dividends.
 

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Thanks for posting. very interesting.

CRR.UN - I don't mind a flat chart, it's expected for a reit paying a high yield (ideally you still want some growth, even a little) but I don't think Id even consider it at its current price. almost everything is at all time highs and I'm unsure how the future will play out.
 

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And just for fun here's a portfolio made of the 13 highest yielding TSX stocks, excluding some that had limited history.

BCE
ENB
TRP
IGM
CU
CPX
LIF
PPL
CRR.UN
KEY
NWH.UN
EIF
SIA

This portfolio has a dividend yield of 5.9% today. Over the last 10 years, it had a performance of 11.5% annualized which beat the Canadian index.

A portfolio like that isn't a terrible idea, but I think if you want to invest like that, you'll have to actively monitor the holdings and make sure you get rid of weak companies that pay unsustainable dividends.
I have BCE(bought at $58.11), CU(bought at $31.38), CPX(bought at $25.20), KEY(bought at $17.72) and SIA (bought at $13.03). BCE, CU and CPX have increased dividend every year.
I had CRR.UN before but sold it for a while.
 

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I am a huge fan of LIF. Crazy run up in last couple of months though (became overweight in portfolio) so I am trimming my position a little bit
 

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Thanks J4B. Interesting to look at this by sector. Based on yield % banks are on the low end of their typical range which is not a surprise considering they are restricted from increases. Lots of REITs that are yielding half of what I have seen over the long run. Telcos seem to be providing a higher than historic yield. Obviously, yield should not be viewed in isolation. Names on the list that have not cut their dividends and or yielding lower than their norm have experienced great share price appreciation. For the tricky part would be determining the value plays. I have mainly been increasing my ownership of US stocks but bought CNR in May, Telus in April and Choice Property in January. I have increased the number of trades executed in the past year to a whopping 16 which equals approximately $80 in fees.
 

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Discussion Starter · #7 ·
I am a huge fan of LIF. Crazy run up in last couple of months though (became overweight in portfolio) so I am trimming my position a little bit
The performance of LIF is amazing: the 5 year return has been 36% annualized (the total return).

It's unusual to see something that both has a huge dividend and strong performance. I had not even heard of LIF before.
 

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Discussion Starter · #8 · (Edited)
Here's another interesting portfolio, this time created by going through the list of stocks with NO dividends and picking the first ten which have long histories:

ATA
BB
BDGI
BHC
BLDP
CAE
CFP
CLS
DML
DSG

This portfolio looks even stronger than the dividend one. Since 1999, this returned 17.7% annualized, much higher than the Canadian index... amazing performance.

Unfortunately, this kind of thing is historical "data mining" and suffers from hindsight bias and survivorship bias, so it has limited value. It's very unlikely that a real investor can get actual performance like this. We are seriously cheating (in both of these example portfolios I posted) by having hindsight knowledge of which Canadian stocks were hugely successful.

But I think it's kind of fun anyway. @MrBlackhill you might be interested in these as well.
 

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But I think it's kind of fun anyway. @MrBlackhill you might be interested in these as well.
Many of those had extreme drawdowns which makes it hard to stick to the plan.

These are the few names that I follow and which have long histories. No matter how much dividends they pay. But that's off subject, as you started this thread about dividend payers.

 

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Discussion Starter · #14 ·
I also suggest taking a look at the methodology used by BMO's ZDV. They have a nice paper on their web site describing the screening process used to build the ZDV portfolio.

When I last looked at it, I thought it was very sensible with good use of fundamentals.
 

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I also suggest taking a look at the methodology used by BMO's ZDV. They have a nice paper on their web site describing the screening process used to build the ZDV portfolio.

When I last looked at it, I thought it was very sensible with good use of fundamentals.
I have a small amount in ZDV, ZDY and ZDI. It satisfies the ‘mental accounting’ aspect for me. I enjoy investing enough that I used to hold individual stocks since about 2005, but I’m simply too busy at this phase of life so I have broad index ETFs plus the funds above for my equity portion. BMO has some solid ETFs IMO.
 

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Discussion Starter · #16 ·
I have a small amount in ZDV, ZDY and ZDI. It satisfies the ‘mental accounting’ aspect for me. I enjoy investing enough that I used to hold individual stocks since about 2005, but I’m simply too busy at this phase of life so I have broad index ETFs plus the funds above for my equity portion. BMO has some solid ETFs IMO.
I like the BMO ETFs as well, though I don't own any dividend funds. I have suggested ZDV to several friends, because I think it holds good quality stocks and the return since inception has been a solid 7% annualized.

Top holdings of ZDV are: ENB, BNS, RY, TD, BCE, CM, TRP, T, CNR, BMO and although it's heavy in banks, it seems reasonably well diversified across many sectors. I'm not even a dividend investor, but I hold many of those stocks myself!

CDZ is another solid dividend ETF, but I think its MER is much higher.
 
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