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.
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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...