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
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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 Commerce147.98 CAD0.09Rating
Equitable Group Inc157.00 CAD-1.69
Great-West Lifeco Inc37.45 CAD-0.25Rating
Home Capital Group Inc40.38 CAD0.67
iA Financial Corp73.26 CAD0.27
National Bank of Canada102.83 CAD0.23Rating
Power Corporation of Canada42.58 CAD0.21Rating
Royal Bank of Canada131.79 CAD0.39Rating
Sun Life Financial Inc55.94 USD0.38Rating
TMX Group Ltd134.26 CAD0.43

About Author

Catherine Multon

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

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