The Globe and Mail reports in its Monday edition that the Canadian Frugal Dividend portfolio offers stable, long-term growth. Globe columnist Norman Rothery writes that the portfolio grew by an average of 13.8 per cent annually over the 25 years through to the end of April, 2024. In comparison, the S&P/TSX Composite Index advanced by an average of 7.4 per cent annually over the same period. The returns include dividend reinvestment but not fund fees, taxes, commissions or other trading costs; the portfolios are rebalanced monthly. The Frugal Dividend portfolio combines two investment factors by trying to acquire relatively stable stocks at bargain prices. It starts with the 300 largest Toronto stocks by market capitalization. It keeps the stocks that pay dividends (205 at the moment) and then picks the 50 with the lowest volatilities over the prior 260 days. The 50 stocks are sorted by price-to-earnings ratio and an equal-dollar amount is invested in the 10 stocks with the lowest positive ratios. Current Frugal Dividend stocks include Rogers Sugar, Sun Life Financial, TC Energy, Power Corp. and TD Bank. Over all, the portfolio has an average dividend yield of 5.2 per cent and an average earnings yield of 9.6 per cent.