Adding growth to dividends

If you want stable income along with growth, here are alternatives to the Big Banks

Catherine Multon 3 February, 2020 | 1:26AM

Forest with steps

Last year was a good year for the S&P/TSX Composite index. In 2019, it clocked a total return of 22.9% – the highest gains since 2009, when it returned a 35.1%. The index started the year on a strong note with a return of 13.3% in the first quarter and ended with a return of 3.2% in the last quarter.

Impact on CPMS strategies
Morningstar CPMS offers 11 Canadian investment strategies, of which three are growth-oriented – and these growth-oriented strategies posted good results in 2019. The Predictable Growth Strategy and the Dividend Growth Strategy produced returns of 30.5% and 25.7%, respectively, while Asset Growth also slightly exceeded the market with returns of 24.1%.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Canadian Imperial Bank of Commerce100.97 CAD0.50
Equitable Group Inc80.32 CAD0.66
Genworth MI Canada Inc34.76 CAD2.39
Great-West Lifeco Inc27.69 CAD0.91
Home Capital Group Inc23.80 CAD1.45
iA Financial Corp46.66 CAD1.11
National Bank of Canada66.60 CAD0.63
Power Corporation of Canada26.32 CAD0.30
Royal Bank of Canada96.73 CAD0.87
Sun Life Financial Inc41.62 USD0.75
TMX Group Ltd136.27 CAD0.45

About Author

Catherine Multon

Catherine Multon  Catherine Multon is a contributing writer for Morningstar Canada.

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