Monday, September 6, 2010

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
CompanySectorTicker$ Price
Sep. 2
high $
low $
Imperial OilEnergyIMO-T39.6444.8037.75
EnCana Corp.EnergyECA-T29.7036.6527.70
Husky EnergyEnergyHSE-T25.2433.0824.21
National Bank of CanadaFinancialsNA-T62.9364.7054.40
Royal Bank of CanadaFinancialsRY-T52.3062.8948.85
Sun Life Financial Inc.FinancialsSLF-T26.5533.7523.58
Bank of Nova ScotiaFinancialsBNS-T52.2152.8942.96
Methanex Corp.MaterialsMX-T23.6527.3417.61
Jean Coutu Group (PJC)OtherPJC.A-T8.7210.247.88
Rogers CommunicationsOtherRCI.B-T37.5738.2027.40
Tim HortonsOtherTHI-T38.2338.2529.55
BCE Inc.OtherBCE-T32.9533.7525.07

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