This is a two-part series that examines the S&P TSX Canadian Dividend Aristocrats Index. Part-1 examines the index methodology. Part-2 of the series looks at CDZ, the iShares ETF which tracks this index.
In a previous post, staff writer Hank Coleman covered the U.S. Dividend Aristocrats. These stocks are based on the selection criteria of the S&P Dividend Aristocrats Index. As Hank wrote in his post, a company not only has to be a dividend payer for 25 years in row, it must also raise the dividend for 25 consecutive years. If it fails on any two of those accounts, it’s out of the index.