October 14, 2026
DIVersify with Global DIVidends – Leveraging two drivers of performance in one idea
KEY SUMMARY POINTS
- Diversify away from concentrated U.S. mega-cap growth. After years of narrow market leadership—particularly among AI-related companies—the case for reallocating a portion of U.S. growth exposure to global dividend growers, adding broader sector, geographic, and company diversification, is looking increasingly compelling today.
- Dividend growth can provide resilience, income, and inflation protection. Companies with strong free cash flow, pricing power, durable balance sheets, and sustainable payout growth can offer a combination of current income and capital appreciation, while potentially holding up better in higher-rate, inflationary, or volatile markets.
- Not chasing yield for yield’s sake. Avoiding the pitfalls of simply chasing high yields and using a quality-growth focused approach can harness both income and growth drivers, generating more consistent total return outcomes.
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About the Author
Thomas Galikowski, Vice-President, Institutional Portfolio Manager Investment Advisory – Equities, has more than 20 years of investment management sales experience. Thomas joined CI GAM in 2015, initially working as an ETF Specialist and later joining the broader sales team focusing on the IIROC channel. He progressively moved into the Institutional Portfolio Manager role in 2023 and covers CI GAMs equity product suite. As the IPM Vice-President – Investment Advisory - Equities for Equities at CI GAM, Thomas acts as a liaison between the equity portfolio managers and the sales team, helping with strategy, sales positioning and support, competitive analytics and providing advisors with a deeper understanding of our equity product solutions. He has extensive sales experience, working previously with leading Canadian Investment Management and Bank investment distribution organizations across an array of investment product structures. Mr. Galikowski is a graduate of the University of Toronto with an Honours degree (HBA) in Economics and Political Science, holds the Chartered Market Technician (CMT) designation, the Canadian Investment Manager (CIM) designation, and is a Fellow of the Canadian Securities Institute (FSCI).
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