Below is the performance of the stocks that were on our Canadian Dividend Watch List from August 2014:
| symbol | Name | 2014 | 2015 | % Chg |
| TA.TO | TransAlta Corp. | 12.72 | 6.42 | -49.53% |
| ESI.TO | Ensign Energy Services Inc. | 16.25 | 9.06 | -44.25% |
| CGX.TO | Cineplex Inc. | 40.35 | 46.29 | 14.72% |
| RCI-B.TO | Rogers Communications Inc. | 43.24 | 46.9 | 8.46% |
| D-UN.TO | Dream Office REIT | 28.95 | 21.48 | -25.80% |
| TLM.TO | Talisman Energy Inc. | 11.32 | 9.48 | -16.25% |
| CMG.TO | Computer Modelling Group Ltd. | 12.46 | 11.68 | -6.26% |
| CJR-B.TO | Corus Entertainment Inc. | 24.85 | 13 | -47.69% |
| NWC.TO | North West Company Inc. | 24.29 | 27.12 | 11.65% |
| IGM.TO | IGM Financial Inc. | 50.64 | 36.24 | -28.44% |
| CWT-UN.TO | Calloway REIT | 26.25 | 29.41 | 12.04% |
The entire list lost –15.58% which is compared to the Toronto Stock Exchange decline of –12.16% in the period from August 15, 2014 to August 21, 2015. The top five stocks on our list averaged a loss of –19.08% which is substantially more than the index. Below we’ve outlined the performance of the watch list stocks compared to the analyst estimates.
This is one of the best examples (so far) of the analysts being accurate about the estimated price change that we’ve seen so far. Talisman, TransAlta, Dream Office REIT, Rogers Communications, North West Co. and Cineplex all came within reasonable distance of the projected targets or move in the stock price. The remaining stocks that did not meet expectations failed miserably and in a directions that was highly unfavorable to investors.
Canadian Dividend Watch List for August 2015
Below is the list of stocks that we think are worth your consideration and due diligence.
| Symbol | Name | Price | P/E | EPS | Div | Yield | P/B | % from yr low |
| BNS.TO | The Bank of Nova Scotia | 57.54 | 10.07 | 5.72 | 2.72 | 4.73% | 1.52 | 0.00% |
| LB.TO | Laurentian Bank of Canada | 46.08 | 9.52 | 4.84 | 2.24 | 4.86% | 0.99 | 0.07% |
| TRP.TO | TransCanada Corporation | 44.64 | 18.3 | 2.44 | 2.08 | 4.66% | 1.91 | 0.13% |
| D-UN.TO | Dream Office Real Estate Investment Trust | 21.48 | 69.29 | 0.31 | 2.24 | 10.43% | 0.68 | 0.14% |
| CM.TO | Canadian Imperial Bank of Commerce | 88.04 | 10.03 | 8.78 | 4.36 | 4.95% | 1.9 | 0.27% |
| CUF-UN.TO | Cominar REIT | 16.25 | 11.01 | 1.48 | 1.47 | 9.05% | 0.78 | 0.37% |
| CP.TO | Canadian Pacific Railway Limited | 185.32 | 20.08 | 9.23 | 1.4 | 0.76% | 5.88 | 0.38% |
| NA.TO | National Bank of Canada | 41.63 | 9.36 | 4.45 | 2.08 | 5.00% | 1.59 | 0.39% |
| AX-UN.TO | Artis Real Estate Investment Trust | 12.61 | 12.41 | 1.02 | 1.08 | 8.56% | 0.73 | 0.40% |
| PPL.TO | Pembina Pipeline Corporation | 34.73 | 42.15 | 0.82 | 1.83 | 5.27% | 2.22 | 0.40% |
| CWB.TO | Canadian Western Bank | 22.25 | 8.1 | 2.75 | 0.88 | 3.96% | 1.14 | 0.41% |
| GS.TO | Gluskin Sheff + Associates, Inc. | 21.17 | 9.32 | 2.27 | 0.9 | 4.25% | 5.43 | 0.43% |
| CPG.TO | Crescent Point Energy Corp. | 13.38 | 64.02 | 0.21 | 1.2 | 8.97% | 0.65 | 0.53% |
| VET.TO | Vermilion Energy Inc. | 41.84 | 38.28 | 1.09 | 2.58 | 6.17% | 2.39 | 0.55% |
| REF-UN.TO | Canadian REIT | 41.14 | 29.45 | 1.4 | 1.8 | 4.38% | 0.93 | 0.61% |
| REI-UN.TO | Riocan Real Estate Investment Trust | 25.15 | 15.98 | 1.57 | 1.41 | 5.61% | 1.06 | 0.64% |
| FTT.TO | Finning International Inc. | 20.26 | 12.58 | 1.61 | 0.73 | 3.60% | 1.56 | 0.70% |
| CNQ.TO | Canadian Natural Resources Limited | 26.8 | 18.56 | 1.44 | 0.92 | 3.43% | 1.08 | 0.87% |
| BEI-UN.TO | Boardwalk Real Estate Investment Trust | 53.29 | 17.3 | 3.08 | 2.04 | 3.83% | 0.84 | 0.87% |
| TA.TO | TransAlta Corp. | 6.42 | 98.77 | 0.06 | 0.72 | 11.21% | 0.82 | 0.94% |
| SJR-B.TO | Shaw Communications, Inc. | 26.52 | 16.36 | 1.62 | 1.18 | 4.45% | 2.56 | 1.03% |
| AFN.TO | Ag Growth International Inc. | 35.22 | -0.45 | 0.8 | 2.27% | 2.02 | 1.15% | |
| CU.TO | Canadian Utilities Ltd. | 34.44 | 16.73 | 2.06 | 1.18 | 3.43% | 2.12 | 1.20% |
| HCG.TO | Home Capital Group Inc. | 26.76 | 6 | 4.46 | 0.88 | 3.29% | 1.23 | 1.21% |
| TD.TO | The Toronto-Dominion Bank | 50.28 | 12.29 | 4.09 | 2.04 | 4.06% | 1.65 | 1.23% |
| ACO-X.TO | ATCO LTD., CL.I, NV | 37.77 | - | 0.99 | 2.62% | ∞ | 1.29% | |
| IGM.TO | IGM Financial Inc. | 36.24 | 11.89 | 3.05 | 2.25 | 6.21% | 1.93 | 1.34% |
| RY.TO | Royal Bank of Canada | 72.8 | 11.22 | 6.49 | 3.08 | 4.23% | 2.06 | 1.48% |
| MDI.TO | Major Drilling Group International Inc. | 3.92 | -0.62 | 0.04 | 1.02% | 0.69 | 1.55% | |
| CJR-B.TO | Corus Entertainment Inc. | 13 | -0.23 | 1.14 | 8.77% | 0.94 | 1.56% | |
| IMO.TO | Imperial Oil Ltd. | 44.82 | 17.72 | 2.53 | 0.56 | 1.25% | 1.69 | 1.68% |
| FCR.TO | First Capital Realty Inc. | 17.59 | 17.33 | 1.02 | 0.86 | 4.89% | 1.1 | 1.74% |
Analyst Estimates
Below is a snapshot of the analysts estimated earnings assuming the stock retains the current p/e ratio until the end of the respective fiscal year and the percentage change in price that is implied based on these earnings estimates. Our recommendation is to start with the companies that have the worst prospects, according to the analysts, and through a process of elimination determine which company has the least risks. Companies without a current p/e ratio or ratios above 50x were assigned a ration of 14.
Stocks that are considered to decline in price should be examined first and eliminated based fundamental and technical factors. Stocks slated to gain the most should be considered high risk.