Dividend Payouts That Are Expected To Grow

Today’s screen looks at Canadian companies that are expected to grow their dividends, and their earnings per share, over the next 12 months. I isolated companies that have a minimum market capitalization of $250-million. We want companies that have had positive earnings per share (EPS) growth over the previous 12 months and are expected to continue that growth over the next year, according to analysts’ consensus estimates. EPS is an indication of a company’s profitability.

Convenience store operator Couche-Tard shows the highest EPS growth over the next 12 months and has the lowest payout ratio. The company with the highest expected percentage dividend increase over the next 12 months, according to analysts’ consensus, is fertilizer giant Agrium. While you might expect the banks to lead in the projected yield over the next 12 months, freight transportation company Contrans Group bumped Royal Bank of Canada and Bank of Nova Scotia in that category. Mortgage lender Home Capital shows up very well on this screen.

Source: Globe and Mail

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