Established in 2019, the TSX30 ranks stocks by their dividend-adjusted share price performance over three years.
According to the TSX, this year’s constituents have a combined market cap of C$380 billion, with 25 of the 30 companies on the list coming from one of three sectors: oil and gas, industrial products and services and mining.
They ranked 14th and 24th, respectively, with gains of 186 percent and 140 percent.
While many of these firms are focused on gold, others have important roles in meeting growing demand for energy-related commodities that are essential for the ongoing transition to clean power.
The TSX notes that a key takeaway from the 2024 list is the shift from growth to value investing.
This year, approximately 63 percent of the companies on the TSX30 pay dividends, with an average yield of 2.8 percent, indicating a rising interest in stable, cash-generating businesses.
That’s a significant increase from 2021, where only eight companies on the TSX30 paid dividends.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
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