8 Canadian Wide-Moat Dividend Growth Stocks

Seeking AlphaDividend Strategy8 Canadian Wide-Moat Dividend Growth StocksOct. 21, 2020 6:47 AM ET|| Includes: CNI, CP, EGHSF, FNV, RY, TD, WCNby: Dividend Growth Investing & RetirementDividend Growth Investing & Retirement Dividend Growth Investing, long-term horizon, Dividend InvestingDividend Growth Investing & Retirement.cls-1{fill:#024999;}SummaryAccording to Morningstar, there are a total of 9 Canadian Wide-Moat stocks. Of these 9, I consider 8 as dividend growth stocks.
I ranked these using a quality scoring system that includes overall safety, financial strength, credit ratings, moat analysis, and dividend safety.
I’m basing my Canadian quality rankings on David Van Knapp’s quality snapshot scoring system.
I was more interested in the banks.
This post originally appeared on Dividend Growth Investing & Retirement.
As dividend growth investors, we know that wide-moat stocks make a good starting point, but it is just one of many considerations on our hunt for high-quality dividend growth stocks.
Which of these companies with strong sustainable competitive advantages make good dividend growth investments?
To help answer this question:
I’ve identified all the Canadian wide-moat dividend growth stocks. I ranked them using a quality scoring system that includes overall safety, financial strength, credit ratings, moat analysis, and dividend safety. I’ve provided some additional dividend metrics like yield, valuation, dividend streaks, future dividend growth estimates, etc. so you can get a better sense of which stocks to focus on. From my other article, we already know that according to Morningstar, there are a total of 9 Canadian Wide-Moat stocks:

Of these 9, I consider 8 as dividend growth stocks.
Due to its lack of recent dividend growth Constellation Software Inc. (CSU) is the odd one out. Constellation Software pays a $1.00 USD quarterly dividend but hasn’t increased it since early 2012.
The 8 others all... Read more