This past week, the Canadian Dividend Achievers, as a group, gained an average of 3.41% since our last review of the same list on August 20, 2010. Among the top three performers were SNC-Lavalin Group up over 9%, Methanex Inc. up 8.18% and Canadian Pacific Railway up 7.91%. SNC-Lavalin (SNCAF.PK) has increased 23.35% since early July. Methanex Inc. (MEOH) is up 12.84% since August 26th. Finally, Canadian Pacific Railway (CP) is up 15.35% since July 5th.
The worst performing Canadian Dividend Achievers since our August 20, 2010 posting were Ensign Energy Services (ESVIF.PK) with a loss of –1.71% and Transcontinental Class A (TCLAF.PK) shares were down –0.24%.
Of the top three stocks nearest the low, Ensign Energy and Imperial Oil (IMO) are the best investment candidates. From a technical perspective, Ensign and Imperial are within 23% and 20.98%, respectively, of their lowest all time lows. Both companies have unblemished dividend payment histories and are in critical industries.
|FP Symbol||Yahoo Symbol||Name||Price||% from Low|
|ESI||ESI.TO||ENSIGN ENERGY SERVICES||$11.70||2.81%|
|RBA||RBA.TO||RITCHIE BROS AUCTIONEERS||$19.80||9.39%|
|GWO||GWO.TO||GREAT-WEST LIFECO INC||$25.35||10.17%|
|IGM||IGM.TO||IGM FINANCIAL INC.||$40.54||10.43%|
|POW||POW.TO||POWER CORP CDA||$27.59||10.45%|
|TLM||TLM.TO||TALISMAN ENERGY INC.||$17.45||11.08%|
|PWF||PWF.TO||POWER FINANCIAL CORP.||$29.79||11.36%|
|CTC.A||CTC-A.TO||CANADIAN TIRE CORP LTD||$56.83||11.74%|
|CNQ||CNQ.TO||CDN NATURAL RES||$35.42||13.34%|
This list of Canadian Dividend Achievers, published by Mergent's, includes current and former Canadian Dividend Achievers and then ranking the companies based on those closest to the 52-week low as of September 3, 2010. We've updated the stock symbol to connect to the Financial Post, one of Canada's top business publications. You'll find the most complete fundamental information on these companies at the FP website. However, Yahoo!Finance probably has the better long-term charts and historical dividend data. Enjoy.
Disclosure: No positions