11 Canadian Dividend Stocks You Should Consider For Your Dividend Growth Portfolio

I'm a big fan of dividend growth stocks because they delivered me solid returns and a growing passive income over the recent years.

My main focus was on U.S. stocks, which is generally good because the American capitalism works fine but outside the US are also good stocks with a predictable business and stable growing dividends.

This week, I look at companies in Canada that have had a history of growing dividends, but more important have the capacity to continue to grow these dividends in the future.

You may like: Top Dividend Picks From Europe

A key measure of this sustainability can be observed through the payout ratio, which is the ratio of dividends paid to either cash flows or earnings.

A company paying out too high of a percentage in dividends is likely unable to continue to do so in the future. Attached are 11 of my top picks from the results.

I hope you can find there some new ideas. Please share your thoughts about the results. Thank you.

Here are some of my results...

Canadian Telecom BCE Joins The Dividend Yield Passive Income Portfolio

On the last trading day of the week, I opened a new position within the telecom sector. I purchased 25 shares of the Canadian telecom and communication company BCE. BCE yields at 5.11 percent and as a low forward P/E of 14.37. The current P/E is also below 15 at 14.80.

Earnings growth of 3.1 percent is predicted for the next five years. I also bought the smaller rival Rogers Communications but the position is still 3.41 percent in the negative area. Behind Rogers and AT&T, it's my third stake withint the telecom sector.

The corporate provides communications solutions to residential, business, and wholesale customers primarily in Canada. The company offers local and long distance telephone services under the Bell Home Phone brand; direct-to-home satellite television (TV) services under the Bell TV name; Internet protocol TV services under the Bell Fibe TV brand; and personal video recorders and online access services. It also provides data services, including Internet access services under the Bell Internet name; Internet protocol based services; and information and communications technology solutions. In addition, the company engages in the rental, sale, and maintenance of business terminal equipment; sale of TV set-top boxes; and provision of network installation and maintenance services for third parties.

Latest Portfolio Transactions (Click to enlarge)

Latest Portfolio I (Click to enlarge)

Latest Portfolio II (Click to enlarge)

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For readers who are new to the matter and my dividend growth philosophy: I funded a virtual portfolio with 100k on October 04, 2012 with the aim to build a passive income stream that doubles each five to ten years. I plan to purchase each week one stock holding until the money is fully invested. The total number of constituents is expected at 50 – 70 companies and the dividend income should be at least at $3,000 per year.

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The position cost $1,111.50 and should bring over $50 bucks in dividends over the year. The full-year estimated dividend income is now at $2,703.40. Only $300 dollars are necessary to hit the goal of $3,000 by the end of this year. With cash of $21,707.22 it is still possible to reach this goal.

Earnings and Dividends of BCE, Inc.

The portfolio holdings are up 10.91 percent since the date of funding and buying in average. Due to the low buying process and high cash value over the past year, the complete portfolio performance is only 10.09 percent.

Latest Portfolio Performance (Click to enlarge)

Here is the income perspective of the portfolio

Sym	Name	P/E Ratio	Dividend Yield	Buy	# Shrs	Income	Value
TRI	Thomson Reuters C	34.29	3.41	28.90	50	$64.75	$1,914.00
LMT	Lockheed Martin C	14.53	3.38	92.72	20	$92.00	$2,762.20
INTC	Intel Corporation	13.01	3.74	21.27	50	$45.00	$1,204.50
MCD	McDonald's Corpor	17.55	3.17	87.33	25	$77.00	$2,425.25
WU	Western Union Com	11.52	2.88	11.95	100	$50.00	$1,721.00
PM	Philip Morris Int	17.08	3.92	89.76	30	$105.87	$2,682.30
JNJ	Johnson & Johnson	20.67	2.74	69.19	20	$50.80	$1,881.00
MO	Altria Group Inc	14.63	4.8	33.48	40	$72.00	$1,502.00
SYY	Sysco Corporation	19.84	3.38	31.65	40	$44.80	$1,325.20
DRI	Darden Restaurant	18.52	4.03	46.66	30	$63.00	$1,564.80
CA	CA Inc.	13.52	3.16	21.86	50	$50.00	$1,596.50
PG	Procter & Gamble	20.92	2.88	68.72	25	$59.20	$2,062.75
KRFT	Kraft Foods Group	17.26	3.79	44.41	40	$80.00	$2,109.20
MAT	Mattel Inc.	18.49	3.14	36.45	40	$55.60	$1,766.80
PEP	Pepsico Inc. Com	20.02	2.59	70.88	20	$44.20	$1,717.00
KMB	Kimberly-Clark Co	22.43	2.94	86.82	15	$47.55	$1,620.45
COP	ConocoPhillips Co	13.52	3.72	61.06	20	$52.80	$1,473.80
GIS	General Mills In	18.88	2.82	42.13	30	$42.60	$1,516.20
UL	Unilever PLC Comm	18.69	3.52	39.65	35	$48.83	$1,387.75
NSRGY	NESTLE SA REG SHR	19.91	3.02	68.69	30	$65.31	$2,159.10
GE	General Electric	20	2.86	23.39	65	$49.40	$1,758.25
ADP	Automatic Data Pr	25.62	2.31	61.65	25	$43.50	$1,900.25
K	Kellogg Company C	23.79	2.87	61.52	25	$44.50	$1,554.75
KO	Coca-Cola Company	20.65	2.75	38.83	40	$43.80	$1,602.00
RTN	Raytheon Company	14.52	2.55	57.04	20	$43.00	$1,707.20
RCI	Rogers Communicat	12.17	3.74	46.5	50	$84.00	$2,246.50
GPC	Genuine Parts Com	17.82	2.65	77.06	20	$42.12	$1,613.80
TSCDY	TESCO PLC SPONS A	N/A	3.93	17.08	110	$75.79	$1,952.50
APD	Air Products and	23.12	2.56	85.71	15	$41.55	$1,641.75
GSK	GlaxoSmithKline P	20.79	4.5	52.16	30	$71.13	$1,594.80
WMT	Wal-Mart Stores	15.09	2.33	79.25	20	$36.16	$1,559.20
BTI	British American	16.76	3.81	111.13	23	$96.14	$2,539.43
CHL	China Mobile Limi	10.22	4.29	55.32	40	$89.52	$2,084.00
MMM	3M Company Common	19.42	1.97	110.27	15	$37.43	$1,919.85
TUP	Tupperware Brands	18.05	2.57	80.98	15	$33.30	$1,297.65
IBM	International Bus	12.47	2.06	193.17	20	$74.00	$3,599.80
HAS	Hasbro Inc.	18.87	3.08	44.09	30	$46.80	$1,514.40
T	AT&T Inc.	25.7	5.13	34.47	30	$54.00	$1,055.10
WAG	Walgreen Co. Comm	23.12	1.46	44.25	30	$25.95	$1,791.00
AFL	AFLAC Incorporate	9.81	1.63	59.39	20	$21.00	$1,315.00
TGT	Target Corporatio	15.62	2.33	68.69	32	$48.32	$2,083.52
CSCO	Cisco Systems In	12.42	2.81	25.12	90	$58.50	$2,115.90
DE	Deere & Company C	9.36	2.44	84.11	15	$29.85	$1,222.50
RGR	Sturm Ruger & Co	15.25	2.14	51.65	20	$30.88	$1,435.60
LO	Lorillard Inc Co	16.05	4.24	42.3	30	$65.00	$1,543.80
UNP	Union Pacific Cor	16.99	1.86	154.75	8	$22.88	$1,240.32
IDA	IDACORP Inc. Com	13.47	3.12	47.94	20	$31.40	$1,010.80
BAX	Baxter Internatio	16.52	2.88	66.38	20	$37.60	$1,302.60
MSFT	Microsoft Corpora	14.04	2.45	33.88	40	$36.80	$1,511.20
ACN	Accenture plc. Cl	15.32	2.3	77.71	20	$34.80	$1,504.80
BCE	BCE Inc. Common	13.36	3.92	44.26	25	$42.98	$1,106.50
						$2,703.40	$88,716.57
						Average Yield	3.05%
						Yield On Cost	3.38%