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I’m pleased to provide a list of the stocks in Frugal Dividend Portfolio along with updates to several other popular portfolios below. The portfolios are all based on stock screens of differing levels of complexity that are described in detail in separate articles.

For instance, you can follow the links to learn more about the Stable Dividend Portfolio, the Frugal Dividend Portfolio, the Dividend Monster Portfolio, the Screaming Value Portfolio, the Lemonade Portfolio, the Canadian Free Cash Portfolio, the U.S. Free Cash Portfolio.

I hope to provide portfolio updates every two to four weeks, with allowances made for the unusual periods that life provides – and a vacation from time to time.

Stable Dividend Portfolio

Low volatility dividend stocks

Name PriceYieldVolatilityP/E
Bank of Nova ScotiaBNS-T62.026.818.09.1
Canadian UtilitiesCU-T29.
George WestonWN-T149.851.918.040.1
Great-West LifecoGWO-T40.
Hydro OneH-T35.173.418.220.4
Intact FinancialIFC-T197.722.217.417.0
Manulife FinancialMFC-T25.035.818.78.9
National Bank of CanadaNA-T89.464.618.49.6
Power Corp of CanadaPOW-T36.495.816.111.1
Rogers SugarRSI-T5.616.414.320.0
Royal Bank of CanadaRY-T118.864.515.111.5
Sun Life FinancialSLF-T66.314.515.411.5
TMX GroupX-T28.592.517.721.0
TD BankTD-T81.384.718.69.6

Frugal Dividend Portfolio

Cheap and stable dividend payers

Algoma CentralALC-T14.914.821.66.3
Bank of Nova ScotiaBNS-T62.026.818.09.1
Capital PowerCPX-T39.656.220.67.6
E-L FinancialELF-T905.501.722.65.1
Great-West LifecoGWO-T40.
Manulife FinancialMFC-T25.035.818.78.9
National Bank of CanadaNA-T89.464.618.49.6
Timbercreek FinancialTF-T6.8410.118.89.2

Dividend Monster Portfolio

High-yield stocks with momentum

NamePriceYield12 Month ReturnP/E
Guardian Capital GroupGCG-A42.723.258.6
Lundin GoldLUG-T16.033.485.879.6
Lundin MiningLUN-T9.513.857.614.8
Paramount ResourcesPOU-T32.164.755.87.4
PrairieSky RoyaltyPSK-T25.163.851.824.2
Russel MetalsRUS-T37.244.354.67.6
Trican Well ServiceTCW-T4.883.387.69.6
Wall FinancialWFC-T19.4715.479.049.5

Screaming Value Portfolio

Lots of EBIT for a low price

Algoma SteelASTL-T9.
Frontera EnergyFEC-T10.322.25.9
Kiwetinohk EnergyKEC-T12.873.02.4
Obsidian EnergyOBE-T11.072.31.3
Parex ResourcesPXT-T25.323.43.25.9
Stelco HoldingsSTLC-T36.
Torex Gold ResourcesTXG-T14.192.04.8
Vermilion EnergyVET-T19.412.32.32.1

Lemonade Portfolio

Profitable stocks in a sweet trend

Name PriceP/E6 Month ReturnMarket Cap
Advantage EnergyAAV-T9.0712.815.01,523
Athabasca OilATH-T3.984.135.82,334
Crew EnergyCR-T5.915.926.8929
Kelt ExplorationKEL-T7.148.160.41,379
Kiwetinohk EnergyKEC-T12.872.410.1565
MEG EnergyMEG-T25.706.231.57,334
NuVista EnergyNVA-T12.998.315.62,803
Obsidian EnergyOBE-T11.071.336.2889
Precision DrillingPD-T90.2010.335.41,227

Canadian Free Cash Portfolio

Canadian bargains with free cash flow

Air CanadaAC-T18.855.826.0
Doman Building MaterialsDBM-T7.356.210.77.6
Dundee Precious MetalsDPM-T8.315.27.82.6
Lundin GoldLUG-T16.035.979.63.4
Manulife FinancialMFC-T25.
Russel MetalsRUS-T37.
Torex Gold ResourcesTXG-T14.196.14.8
Vermilion EnergyVET-T19.415.92.32.1

U.S. Free Cash Portfolio

U.S. bargains with free cash flow

Name PriceEV/FCFP/EYield
Capital One FinancialCOF-N97.
Discover Financial ServicesDFS-N86.865.16.03.2
Everest GroupEF-N386.
General MotorsGM-N32.
Goldman Sachs GroupGS-N323.826.113.23.4
Steel DynamicsSTLD-N102.826.06.01.7
Synchrony FinancialSYF-N31.

Notes: Data from Bloomberg as of the close of Sep. 26, 2023. Norm has an interest in some of the stocks shown. Yield = indicated dividend yield, Volatility = annualized volatility over the past 260 days, P/E = price to earnings over the past four quarters, P/B = price to book value, six (or 12) month return = total return over the past six (or 12) months including reinvested dividends, EV = enterprise value, EBIT = earnings before interest and taxes over the past four quarters, FCF = free cash flow, Market Cap = market capitalization in millions of dollars, U.S portfolios are presented in U.S. dollar terms.

A Customary Caution

Use our portfolios and stock screens as a starting point for further research. Be sure to improve your understanding of each company by studying it and its industry in more detail. Confirm the data herein before using it.

Watch your step with stocks that trade infrequently, and those with very low share prices, because they may be difficult to buy or sell in a cost-effective manner.

Before dashing off to the market, recognize the built-in limitations of quantitative methods such as ours. For instance, less tangible factors such as the quality of a company’s management can sometimes help – or hinder – a business.

And while we hope our portfolios achieve similar returns to those in the back-tests, the market isn’t that predictable. Even in the best circumstances, we expect results to be bumpy and some individual stocks will disappoint. We would be pleased indeed for the portfolios to outperform the market over the course of a few decades.

Norman Rothery, PhD, CFA, is the founder of

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