How our Dividend All-Stars performed over the past year - MoneySense

How our Dividend All-Stars performed over the past year

Our portfolio beat its dividend benchmark and there were individual breakout performers. Here’s how they fared over the last year.


Over the last year, our Dividend All-Stars struggled against a series of interest rate increases that put a damper on the returns of many Canadian dividend payers.

Our A-graded stocks gained an average of 10% since last year’s update and the larger group of A-and-B-graded stocks gained 6% on average. By way of comparison, the iShares Canadian Select Dividend exchange traded fund (XDV), which holds 30 of the top yielding stocks in Canada, climbed 5% over the same period.

(The returns above assume dividends are reinvested once a year, when the portfolio turns over. The returns below assume dividends are reinvested when they are received.)

Last year’s Dividend All-Stars fared relatively well. There were a slew of big winners and a few stinkers in the bunch.

The top two performers happened to be B-graded stocks. Suncor Energy climbed to the very top with a 29.9% total return. Genworth MI Canada took the second spot with a 28.2% return.

The next three spots were taken by A-graded bank stocks. The Dividend All-Star portfolio benefited from the Bank of Montreal gaining 25.2%, CIBC advancing 22.9%, and TD Bank climbing 22.8%. The three banks rounded out the list of All-Stars with gains north of 20% this year.

The huge returns were offset somewhat by stinkers that fell by 10% or more. CI Financial reduced its dividend, tumbled 20.8%, and took home the year’s dividend dud award. Linamar gave up 15.6% in a poor showing while Arc Resources fell 10.0%.

Overall, 13 of the 22 stocks we identified as All-Stars last year were profitable, nine gained more than 10%, and five beat the 20% mark. On the other hand, five fell by more than 5%. Many profitable portfolios experience a similar sort of return divergence. The big gains come with a few losers.

Here’s the full breakdown of how the Dividend All-Stars performed over the last year.

Rank Company Total Return Previous Year's All-Star Grade
1 Suncor Energy 29.9% B
2 Genworth MI Canada 28.2% B
3 Bank of Montreal 25.2% A
4 CIBC 22.9% A
5 TD Bank 22.8% A
6 National Bank of Canada 19.6% B
7 Magna International 17.3% B
8 Imperial Oil 14.6% B
9 Sun Life Financial 14.5% A
10 Thomson Reuters 9.9% B
11 Bank of Nova Scotia 4.9% B
12 Industrial Alliance Insurance 2.1% B
13 Manulife Financial 1.6% B
14 Power Corp of Canada -2.0% A
15 E-L Financial -2.3% B
16 Fortis -3.6% B
17 Great-West Lifeco -3.7% A
18 Power Financial -5.7% A
19 Whitecap Resources -8.2% B
20 ARC Resources -10.0% B
21 Linamar -15.6% B
22 CI Financial -20.8% B

Norm Rothery, CFA, PhD, tweets as @NormanRothery. He may hold some of the securities mentioned in this article.