S&P rebalances S&P/TSX Canadian Dividend Aristocrats Index

Standard & Poor’s will perform the annual rebalancing of the S&P/TSX Canadian Dividend Aristocrats Index after the close of trading on Friday, December 21.

The index is designed to measure the performance of securities that have followed a managed-dividends policy of consistently increasing dividends every year for the last seven years.

The index is weighted by indicated annual dividend yield, with constituents re-weighted every quarter. Membership is reviewed each December.

The following securities will be added to the index after the close on December 21.

• AltaGas Income Trust, ALA.UN;
• Canadian Natural Resources Limited, CNQ;
• Canadian Western Bank, CWB; and
• SNC-Lavalin Group Inc., SNC.

Bonterra Energy Income Trust (BNE.UN) and Loblaw Companies Ltd. (L) will be removed from the index.