The four Canadian dividend stocks on our list have posted the strongest dividend growth over the past five years
SmallCapPower | December 14, 2017: For investors seeking cash returns on their equity investments, we have compiled a list of Canadian dividend stocks that have posted the strongest dividend growth over the past five years. The four stocks listed have posted an average dividend growth rate of 42.3% over this period.
Agrium Inc. (TSX:AGU) – $142.85
Agricultural Chemicals
Founded in 1931, Agrium has grown to become one of the world’s largest fertilizer conglomerates. The Company produces nitrogen, potash and phosphates at an annual production capacity close to 11M tonnes. In addition, Agrium has a network of over 1,500 retail facilities along with a wholesale distribution. Agrium employs over 15,000 individuals across its global production and retail facilities.
- Market Cap: $19,737 Million
- YTD Total Return: 8.7%
- 5 Year Total Return: 50%
- 5 YR Dividend Growth: 65.7%
- Dividend Yield: 3.0%
E-L Financial Corp Ltd. (TSX:ELF) – $806.00
Multiline Insurance & Brokers
E-L Financial operates as an investment and insurance company with two segments: E-L Corporate and Empire Life. Empire life underwrites life and health insurance policies along with mutual funds and similar financial products. E-L Corporate manages a variety of global equities, investment funds and private company investments.
- Market Cap: $3,240 Million
- YTD Total Return: 10.8%
- 5 Year Total Return: 91%
- 5 YR Dividend Growth: 50.6%
- Dividend Yield: 0.6%
Potash Corporation of Saskatchewan Inc. (TSX:POT) – $25.48
Agricultural Chemicals
Potash Corp, the world’s largest fertilizer company by capacity, has over 12 production facilities across the globe. The Company’s current operations are responsible for ~22% of global capacity. In September 2016, Potash and Agrium announced a proposed merger.
- Market Cap: $21,407 Million
- YTD Total Return: 7.3%
- 5 Year Total Return: -35%
- 5 YR Dividend Growth: 28.5%
- Dividend Yield: 2.0%
Granite Real Estate Investment Trust (TSX:GRT.UN) – $50.23
Commercial REITs
Granite REIT is a Canada-based trust currently focused on industrial properties in North America and Europe. The Company manages a portfolio of over 90 properties that cover a combined 32 million square feet. Majority of Granite’s tenants include multinationals such as DHL, Mercedes Benz, Samsung and Magna International.
- Market Cap: $2,368 Million
- YTD Total Return: 17.6%
- 5 Year Total Return: 29%
- 5 YR Dividend Growth: 24.6%
- Dividend Yield: 5.2%
Disclosure: Neither the author nor any of the principals at SmallCapPower, or their family members, own units in any of the companies mentioned above.
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