Assume you’re on the hunt for the most lucrative dividend stocks to improve your TFSA or RRSP currently. If so, you have to consider Canadian Dividend Aristocrats.
Canadian Dividend aristocrats are famous, especially to newcomers looking to learn how to buy stocks.
What is a Canadian Dividend Aristocrat?
For a Canadian company to become a Canadian Dividend Aristocrat, it needs to meet the following criteria:
- A market cap of at least $300 million
- The company has increased the dividend for five consecutive years
- Must be listed on the Toronto Stock Exchange and a member of the S&P Canada BMI
A US-listed company must have raised dividends for 25 straight years to be considered a Dividend Aristocrat in the United States.
If we used this criterion to classify Canadian stocks as Dividend Aristocrats, the list below would be trimmed from 88 companies to 11.
And if we were to take it a step further to classify Dividend Kings, which are US-listed…
