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My technical screening system has provided me with some good trends over time. Since the markets continue to fluctuate and move in whatever direction the wind blows, I am pleased to see the bargain stocks move up to the top of the list.

My value screening continues to work well for my investment filtering. It’s usually a good indicator into the stocks I should pay close attention. Note that those stocks are not always at the bottom of their range. The one item I would like to add to the list is dividend growth percentage. Unfortunately, it’s a very manual process to get those for a list of over 100 stocks. However, I think it’s a really important criteria and will try to add it to my list as a growth percentage.

You may find the range to be wider than necessary but it’s required to have more stocks in the screener to compare. I need to be able to see more stocks in order to compare as trends can come into play. That’s why the end value is normalize to 1 in order to weight each criteria effectively. I don’t buy purely from the filter, but it does indicate stocks to be on the look out for. Sometimes a dividend increase will give a boost and in other cases, it’s the lower stock price.

I updated my filter to include a Dividend Aristocrat multiplier to surface their exemplary record.

  • P/E: Target is 15
  • 52 Week Range: The lower in the range the higher the score for an entry point
  • Yield: Normalized up to 6% (this one is manual)
  • Payout Ratio: Between 25% and 65%
  • Market Cap: Bonus multiplier with a target of $20B or more (+/- 10%). I normalize it between 0.9 and 1.1 and use that to multiply my previous total of the first 4 criteria.
  • Liability-to-Equity Ratio: Anything below 1.00 gets a full score and it goes down from there.
  • Dividend Aristocrat Multiplier: A dividend aristocrat receives a multiplier for its historical performance.
The double star (**) highlights a US Dividend Aristocrat and the single star (*) indicates a Canadian Dividend Aristocrat.
TickerCompanyTrendQuoteP/EEPSMarket CapDividendYieldPayout RatioValue Metric
T** AT&TTrend$34.7510.21$3.4178.92$0.465.29%54.12%0.88
AFL** AflacTrend$61.399.7$6.3327.65$0.372.41%23.38%0.84
ACO.XAtco $47.0013.71$3.435.42$0.383.23%44.31%0.78
MCD** McDonaldTrend$94.6517.15$5.5292.41$0.813.42%58.70%0.77
WMT** Wal-MartTrend$75.8515.86$4.78243.45$0.482.53%40.17%0.74
RCI.B* Rogers $44.4615.37$2.8923.08$0.464.12%63.32%0.73
EMR** Emerson ElectricTrend$64.4018.03$3.5744.90$0.432.67%48.18%0.73
CBChubb CorporationTrend$91.5211.2$8.1721.91$0.502.19%24.48%0.72
BPYBrookfield Office PropertiesTrend$21.3610.99$1.945.19$0.254.68%51.55%0.70
REI.UNRioCan $27.1811.73$2.328.34$0.125.19%60.78%0.69
CVXChevronTrend$128.6412.28$10.48243.54$1.003.11%38.17%0.68
PWF.TOPower FinancialTrend$35.7912.37$2.8925.45$0.353.91%48.44%0.68
WAG** WalgreenTrend$60.5320.6$2.9458.28$0.342.25%46.26%0.68
XOM** Exxon Mobile CorpTrend$99.5312.68$7.85424.93$0.632.53%32.10%0.67
COPConocoPhillipsTrend$81.0312.48$6.4999.03$0.733.60%44.99%0.67
KRFTKraft FoodTrend$58.4114.48$4.0334.72$0.503.42%49.63%0.65
GWO.TOGreat West LifeTrend$32.5913.35$2.4432.56$0.313.80%50.82%0.64
BNS.TOScotia BankTrend$72.3513.47$5.3788.06$0.663.65%49.16%0.64
IBMIBM CorporationTrend$192.2512.16$15.81192.53$0.951.98%24.04%0.64
CINF** Cincinnati Financial CorpTrend$48.4618.73$2.597.94$0.413.38%63.32%0.63
MFCManulifeTrend$20.4310.58$1.9337.68$0.132.55%26.94%0.63

Top 20 Dividend Stocks – Dividend Yield

This section is either highlighting the income stocks or the red flag stocks. Either way, it’s good to look at them this way. TransAlta is still present even after reducing their dividends.

Bell Alliant (NYSE:BA) is in the list but has been acquired by Bell (NYSE:BCE). It’s the last time you will see that stock. It was a great income stock for me. ENF has done great for me too in the past.

TickerCompanyTrendQuoteP/EEPSMarket CapDividendYieldPayout RatioValue Metric
AGF.B* AGF Management $12.4422.12$0.561.07$0.278.68%192.86%0.31
EIF.TOExchange Income FundTrend$19.6572.94$0.270.43$0.148.55%622.22%0.21
LIQ.TOLiquor Store Income FundTrend$13.4257.26$0.230.31$0.098.05%469.57%0.19
CUF.UNCominar $19.3810.42$1.862.49$0.127.43%77.42%0.29
RSI.TORogers SugarTrend$4.8713.86$0.350.46$0.096.98%97.14%0.38
AX.UNArtis REIT $15.9719.23$0.832.16$0.096.76%130.12%0.17
BA.TOBell AlliantTrend$30.7610.74$2.867.01$0.486.18%66.43%0.46
CPG.TOCrescent Point EnergyTrend$44.9788.53$0.5119.04$0.236.14%541.18%0.14
COS.TOCanadian Oil SandTrend$23.3514.41$1.6211.32$0.356.00%86.42%0.51
CWT.UNCalloway REIT $26.7823.76$1.133.12$0.135.78%137.10%0.40
TA.TOTransAltaTrend$12.58#N/A-$0.283.44$0.185.72%-257.14%#N/A
KEG.UNThe Keg Royalty Income Fund $16.9430.72$0.550.19$0.085.67%174.55%0.37
HR.UNH&R REIT $23.1643.85$0.536.31$0.115.51%240.64%0.36
MBT.TOManitoba TelecomTrend$30.99706.24$0.042.41$0.435.49%4250.00%0.40
KMPKinder Morgan EnergyTrend$96.4638.33$2.5243.90$1.395.47%209.52%0.34
T** AT&TTrend$34.8310.23$3.40180.47$0.465.77%54.12%0.88
REI.UNRioCan $27.2111.74$2.328.35$0.125.18%60.78%0.69
PBH.TOPremium Brands Holding CorpTrend$24.5045.16$0.540.54$0.315.06%229.63%0.27
BCE.TOBCETrend$48.9918.50$2.6538.12$0.625.04%93.21%0.44
BPYBrookfield Office PropertiesTrend$21.3811.00$1.945.21$0.254.68%51.55%0.70
PMPhilip Morris International Inc.Trend$85.2722.14$3.85132.97$0.944.41%97.66%0.44
ENF.TO* Enbridge Income FundTrend$32.1820.90$1.541.82$0.114.27%89.30%0.31
EMA.TOEmeraTrend$34.4317.83$1.934.91$0.364.21%75.13%0.54
BIP.UNBrookfield Infrastructure Partners $45.85#N/A-$0.176.89$0.484.19%-1129.41%#N/A
IGM.TOIGM FinancialTrend$51.8716.92$3.0713.08$0.544.16%70.36%0.48

Readers: Any surprises in the list?

Disclosure: I own a number of stocks listed, see my holdings here for a full list.

Please note that this blog post represents my opinion and not an advice/recommendation. I am not a financial adviser, I am not qualified to give financial advice. Before you buy any stocks/funds consult with a qualified financial planner. Make your decision at your own risk – see my full disclaimer for more details.

Source: Top 20 Dividend Stocks - September 2014