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 Commerce109.17 CAD-0.06
Equitable Group Inc106.48 CAD-0.75
Genworth MI Canada Inc57.00 CAD-2.18
Great-West Lifeco Inc34.12 CAD-0.81
Home Capital Group Inc31.06 CAD-0.32
iA Financial Corp69.84 CAD-1.13
National Bank of Canada74.79 CAD0.13
Power Corporation of Canada34.01 CAD-0.82
Royal Bank of Canada109.21 CAD1.12
Sun Life Financial Inc49.25 USD-0.46
TMX Group Ltd116.38 CAD0.25

About Author

Catherine Multon

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