I've been working on ten year dividend growth data recently…from 1998 to 2008. This period is often called the lost decade because the return from the index is close to zero. (The reason is simple: in 1998 prices were high, in 2008 prices fell dramatically. LESSON: If you buy when prices are dear, you get poor future returns.) In contrast, we have had excellent dividend growth with our common stocks: 15 of our stocks had double digit dividend growth. I taught this material for years and still like tests. Which of the following companies had the best dividend growth over the decade from 1998 to 2008?
a) CNR b) Bank N.S. c) Power Corp d) Metro (answer just below under Ron Baron)