Canadian Dividend Stocks.

Recently the Globe and Mail highlighted the selections of a UBS analyst who was searching for a diversified portfolio of 12 Canadian dividend stocks. The reason why I particularly like this list is that generally dividend focused lists in Canada are dominated by the Financials. This list still has about a quarter financials, but that is completely acceptable given the focus of the strategy.

For anyone wishing to emulate the strategy highlighted below, I would strongly advise them to take some additional caution and include a few high-profile U.S. dividend stocks in the consumer staples sector, which is largely absent from this list. Traditional stalwarts like Coca-Cola, Pepsi, Kraft, etc. would be appropriate.

UBS 12-stock portfolio of diversified dividend stocks
Company	Sector	Ticker	$ Price Sep. 2	52-wk high $	52-wk low $
Imperial Oil	Energy	IMO-T	39.64	44.80	37.75
EnCana Corp.	Energy	ECA-T	29.70	36.65	27.70
Husky Energy	Energy	HSE-T	25.24	33.08	24.21
National Bank of Canada	Financials	NA-T	62.93	64.70	54.40
Royal Bank of Canada	Financials	RY-T	52.30	62.89	48.85
Sun Life Financial Inc.	Financials	SLF-T	26.55	33.75	23.58
Bank of Nova Scotia	Financials	BNS-T	52.21	52.89	42.96
Methanex Corp.	Materials	MX-T	23.65	27.34	17.61
Jean Coutu Group (PJC)	Other	PJC.A-T	8.72	10.24	7.88
Rogers Communications	Other	RCI.B-T	37.57	38.20	27.40
Tim Hortons	Other	THI-T	38.23	38.25	29.55
BCE Inc.	Other	BCE-T	32.95	33.75	25.07