Saturday, January 21, 2006

Mergent's Dividend Achievers

Like the S&P Dividend Aristocrats, Mergent offers indices based on dividend growth, but also includes a Canadian Dividend Achievers Index. To become eligible for this index, a company must be incorporated in Canada, trade on a major Canadian exchange, and have increased its annual regular dividend payments for the last 5 or more consecutive years. In addition, Mergent applies certain additional screening criteria to ensure a stocks' liquidity and investibility. I will likely use this index as another screen for possible buys.

Even with only 5 years required (compared to the 10 years they require of U.S. equities and the 25 years needed to get on the S&P DA index) there are only 36 companies that made the cut.

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Disclaimer: These articles are for information only, and are not to be construed as financial advice, legal advice, or a solicitation to buy or sell securities.