The S&P/TSX Canadian Dividend Aristocrats index is designed to measure the performance of S&P/Citigroup Broad Market Index (BMI) Canada constituents that have followed a managed-dividends policy of consistently increasing dividends every year for at least five years.
Since 1956, dividends have notably contributed 30% of the total equity return of the S&P/TSX Composite index, while capital gains accounted for the remaining 70%. The S&P/TSX Canadian Dividend Aristocrats index captures both sustainable dividend income and capital appreciation potential which are both key factors in investors’ total return expectations.

Index constituents exhibit the following characteristics:

• Underlying Indices –S&P/Citigroup BMI Canada
• Weighting –Indicated Annual Dividend Yield weighted; No individual stock can represent more than 8% of the index weight
• Listing –Common stock or income trust listed on the Toronto Stock Exchange (TSX)
• Dividends –A security must have increased ordinary cash dividends every year for at least seven consecutive years
• Rebalancing –Annually in December

Index Governance and Policy
The S&P/TSX Canadian Dividend Aristocrats index is maintained by the S&P/TSX Canadian Index Committee. The Index Committee is comprised of four members representing Standard & Poor’s and three members representing the Toronto Stock Exchange. The Index Committee is chaired by a member designated by Standard & Poor’s. Meetings are held monthly, and from time to time, as needed. The Index Committee is responsible for setting rules and policies for the S&P/TSX Canadian Dividend Aristocrats index, determining the composition of the index and administering its methodology.

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