With low interest rates, has too much money piled into dividend stocks? Doesn't think so. Low rates have made people take multiples up on growth stocks. Dividend stocks are typically in the value space, so they've been left behind. Could be a year where dividend stocks see some positive performance for two reasons. One, growth to value rotation that started in November. Dow is outperforming Nasdaq, TSX is outperforming S&P. Two, still have low interest rates. Dividend payers could be in the sweet spot this year.

What sectors have the most attractive dividend growers? Renewable space, as they have a higher growth rate, plus will benefit if the Senate flips. Valuations have run away, but dividend growth has been and should continue to be stronger. Electric utilities, with dividend growth and the election being positive for distribution utilities. Finally energy infrastructure, despite a terrible year, has the most value. Pipeline space is beaten down, but has pretty solid cashflow, dividend growth, and earnings metrics.

Not one of the best in the space, but the whole group has seen a rise. Assets in Australia, which is a favourable jurisdiction. Wait for last night's election results to calm down before taking a position.

Canadian renewable stocks. Good way to get global exposure to a growth sector, but with a Canadian listing and the dividend tax credit. The sector is worth looking at despite the rise in valuations.

Feels very good about it. Due for a dividend increase. Has bounced off the $52 level three times. Still near March lows, but with strong fundamentals. Nat gas prices in NA and offshore are doing quite well. Keystone XL risk is a red herring, as Alberta government has removed the risk. Actively adding. Yield is 6%.

Outlook for Canadian banks. Biden presidency is neither positive or negative. In Canada, too much negativity based on housing. The government has taken on that risk and stabilized markets. Key dynamic is whether government will continue to provide support. Banks' dividends are well covered. Growth won't be as strong as in past 20-30 years, as tech is disrupting. He's not selling out, but is reducing positions and putting money elsewhere, as they won't be the outperformers of the past decades.

Gold is not a big focus for him. Asset is pretty good. Company is solid. This isn't the seasonal period for gold. Bitcoin is stealing lustre from the gold sector. More stimulus could be another leg to the gold trade. No sustained thesis for putting money in.

An infrastructure stock that saw negative performance because of Covid, but core business wasn't that affected. Nat gas demand has rebounded to all-time highs. Good value at these levels.

Trading weakly, but he can't explain why. Good reason to buy. One of the best managed companies in the world. Lots of positives ahead. Diversified. Democratic sweep in Congress could mean higher corporate taxes, which is actually good for utilities. Will participate in the renewable transition. Long secular trend for the company.

(A Top Pick Jan 06/20, Up 10%) Very strong global agri company that you can't find anywhere else. Paused dividend last year. Should see it increase in 2021. Headwinds have turned into tailwinds. Good diversifier in portfolios. Yield is 4-4.5%.

(A Top Pick Jan 06/20, Down 23%) All energy stocks were painted with the same brush. Dividend should be raised in Q1 or Q2. Things have stabilized, management has changed and should be more dynamic. Worth a look at these levels.

(A Top Pick Jan 06/20, Up 2%) Represents good value here. Will get solid, steady returns on their Washington utility. Will participate in the changes to NA electrical grid. Offshore nat gas in BC is at capacity. Firing on all cylinders. Increased dividend in December, ahead of schedule.

Averaging up in renewables vs. utilities. If you're a younger investor, average up in your strong names that you feel good about for the long term. He feels pretty good about renewables for the long term. Renewables and utilities are similar, but the contracting is different. A distribution utility has customers; whereas for a renewable company, the utility is the customer, and there are a lot of moving parts. Renewable power generator is a bit riskier. Brookfield Renewable has a lot of hydro, so it's a go-to name, especially with its pedigree. Likes the space long term, but he'd wait for a pullback for all these companies. Keep the stock at the weighting you originally set. Always good to rebalance your portfolio with your targets in mind.

Hard to analyze. Retail broadly is going through a change. One of the few allowed to stay open during the pandemic, so demand was pulled forward, but may taper off in coming years. Can they rework their retail model? Hold it at this price, but not willing to put new money in at these levels.

Would owning more than one pipeline be unwise? He owns ENB, PPL, TRP, and IPL for a total weighting of 15%. Should all raise dividends in 2021. All their businesses are fundamentally sound. They each have different strengths, so provide diversity in case something goes wrong with one. PPL and ENB have a higher yield. TC is a safer bet due to nat gas exposure. PPL has to rejig its growth plan, and excellent to own at these levels. Whole space is screaming value, and so is likely to attract capital as things normalize.