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• For the benefit of listeners who might not know it yet, Mike summarizes the dividend triangle.
• Let’s start with a sector that we normally dislike: energy. The Canadian market is a good place to find some stocks in this sector, and Canadian Natural Resources (CNQ) is a perfect example of a double-digit dividend triangle.
• What’s the investment thesis for CNQ?
• Another stock that deserves attention is UnitedHealth Group (UNH). What does its dividend triangle look like?
• What would be the reasons to add it to your portfolio?
• We have GoEasy (GSY.TO) and MasterCard (MA) in the financial sector. What’s to like about their dividend triangles?
• Why would an investor buy GSY or MA?
• Mike selected two companies in the industrial sector to represent a double-digit dividend triangle: TFI International (TFII) and Deere (DE). Do they show a perfect dividend triangle? (More Foundational Stocks here.)
• We’ve mentioned these two a few times recently. Is it a phase, or do they show the qualities that fit a long-term strategy?
• The consumer discretionary sector is not left aside in terms of amazing dividend growers. BRP (DOO.TO), Dollarama (DOL.TO), and Tractor Supply (TSCO) are good contenders.
• What would be the investment thesis for each?
• The last stock to be discussed today is probably among your favorites: Costco (COST). Its dividend triangle is almost perfect! (Go back to our Stock Battle episode about COST vs WMT.)
• Why does Mike hold it?
• A side note about the fact that many people have a hard time separating the business and what it has to offer to investors from the feelings and opinions we can have as customers or users. Costco is an example of that.

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