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 Commerce85.03 CAD2.27
Equitable Group Inc63.47 CAD10.27
Genworth MI Canada Inc34.22 CAD11.50
Great-West Lifeco Inc23.69 CAD1.63
Home Capital Group Inc16.75 CAD6.35
iA Financial Corp43.30 CAD-0.09
National Bank of Canada56.04 CAD5.18
Power Corporation of Canada21.87 CAD-0.23
Royal Bank of Canada87.41 CAD2.03
Sun Life Financial Inc33.23 USD1.19
TMX Group Ltd110.95 CAD2.60

About Author

Catherine Multon

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