Canadian Dividend Aristocrats Criteria

  • Last Updated:
  • Oct 15th, 2021 11:33 pm
Deal Addict
Feb 4, 2003
3173 posts

Canadian Dividend Aristocrats Criteria

One of the criteria is to have raise their dividend annually but I notice some haven't raised it for more than 2 years now ie.

EIF, last increase was back on Aug 2019
MFC, Nov 2019
BMO, Oct 2019
KEY, Jul 2019
PPL, Dec 2019

we know the reason for the financial companies not allowed to raised their dividend, but looks like 2020 and 2021 is being ignored for the streak? Else ETF like CDZ would have to exits all these positions.
2 replies
Deal Addict
Feb 26, 2017
2450 posts
I think they can be on the list if their dividend is higher year to year (This is the case in the Canadian dividend All Stars list that I follow). In the case of Manulife the dividend went from 0.25 to 0.28 for their February 2020 dividend. Even though this was a Nov 2019 announcement the 2020 dividend were higher than in 2019 after the raise. This would also include stocks that raised mid year in 2019 like KEY and then froze their dividends. Again in that case the 2020 overall dividends would be higher as the whole year was at the higher dividend amount. If MFC and KEY don't raise this year I'd assume they will be dropped from the list.
Deal Addict
Jul 30, 2012
1443 posts
CDZ is an etf that emulates the actual S&P/TSX Canadian Dividend Aristocrats Index... The methodology is explained here:

S&P/TSX Canadian Dividend Aristocrats Methodology

"2. The security has increased ordinary cash dividends every year for at least five years, but can maintain the same dividend for a maximum of two consecutive years within that five year period."