Continue reading however for detailed research. Savaria is a former Stocktrades Bull List stock, brought to the attention of our Stocktrades Premium members in 2018. It has not been a good year for Clearwater Seafoods Incorporated (TSX:CLR), which saw its share price fall from a high of nearly $12 in May, 2017, to under $5 recently. However, dividend growth is not as prevalent in the sector and there are only about a dozen REITs which have a history of raising the dividend. Savaria provides investors with a unique combination of growth, and income. In fact, occupancy and rent collection rates for Industrial REITs held up better than any other industry. As the pandemic hit, fears of a recession dragged financials to valuation levels not seen since the 2008 Financial Crisis. Top Ranked Dividend Stocks With Insider Buying Top Dividend Stocks 2016-2021 Best Dividend Stocks Analysts Like in the S&P Best Dividend Paying Stocks Analysts Like in the Dow 10 Cheap Dividend Stocks Under $10 10 Low Priced Dividend Stocks Under $5 Top High Dividend Yield Stocks 2016-2021 Broker Darlings: Top 15 Analyst Picks of the Dow Further demonstrating its reliability, Fortis is one of the few companies which provides multi-year dividend growth targets. Dividend Yield: 5.75%; Dividend Payout Ratio: 61.78%; Market Cap: $1.32 billion; After a large acquisition that shows that Transcontinental wants to become a top player in the packaging business and with a very healthy dividend yield of 5.75%, Transcontinental stock is one of my best Canadian dividend stock picks. Stocks that are defensive in nature and more reliable during economic downturns have seen an increase in ranking. Insurers are much better capitalized and are now better suited to navigating the current crisis. Building Your Easy $3000 Canadian Dividend Portfolio. The company has guided that it intends to grow the dividend 7% in 2021 and 5-7% in the years after that. The company is ideally situated to benefit from an aging population. The company has $1.6 billion of cash and its debt is just 2.11x its EBITDA from the last twelve months. You can't go wrong with any of the Big 5 banks here in Canada. Amidst the ongoing pandemic, industrial REITs have been among the best performing in the Real Estate Sector. ASE Technology Holding Co., ... Headquartered in Canada BB is another major stock trading under $5, which is a participant in the 5G race. In the third quarter, Granite reported funds from operations per share grew by 5.4% YoY and the occupancy rate was sitting at 98.9%. Now I try to keep my Canadian exposure to under 30%. The company owns a nine-year dividend growth streak in which it has averaged ~2.5% annual dividend growth. About Us:Stocktrades.ca was founded in 2016 by investors Daniel Kent and Dylan Callaghan, with the ultimate goal of providing Canadian investors with the best possible tools to increase their investment portfolios. The company’s 61.7% payout ratio is among the best in the industry and the dividend accounts for only 43% of cash flow. And These 3 Dividend Payers Look Especially Low Risk. It is also the only Office REIT that is a Canadian Dividend Aristocrat. The fact they hold positions in securities has had no impact on the production of this article. At first glance, the 11-year dividend growth streak might not seem that impressive considering the company’s long and storied history. Our team is available between 5:30 p.m. The post 3 Top Canadian Dividend Stocks You Can Buy Under $50 appeared first on The Motley Fool Canada. In reality, we could litter our top 10 list with Canada’s Big Five banks. Real Estate Investment Trusts (REITs) are a favorite among income investors. Despite facing considerable industry headwinds, TC Energy continues to generate a ton of cash. Now yielding 3.98% (above its 5-year historical average), the Royal Bank is deserving of its place among Canada’s top dividend stocks. ET Sunday and 5:30 p.m. A similar phenomenon is happening today. For our first pick, we are going off the board a little with a lesser known dividend stock. In August, the company re-iterated that its capital program and dividend growth guidance remains intact despite the current pandemic. It is currently trading at a 13% discount to net asset value. Market Cap: $767 millionForward P/E: 24.83Yield: 3.19%Dividend Growth Streak: 7 yearsPayout Ratio (Earnings): 82.80%Payout Ratio (Free Cash Flows): Premium Members OnlyPayout Ratio (Operating Cash Flows): Premium Members Only1 Yr Div Growth Rate: 4.30%5 Yr Div Growth Rate: Premium Members OnlyStocktrades Growth Score: Premium Members OnlyStocktrades Dividend Safety Score: Premium Members Only. We used to have this on a separate page, but decided to merge it into this page so Canadians could have all the relevant information in one place. Copper stocks, as represented by the Global X Copper Miners ETF (), have significantly outperformed the broader market.COPX has provided a total return of … Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. The shift to work at home has many questioning whether or not there will be a need for office space on the other side. Dividend stocks are popular with income investors who enjoy received a cash payout every 3 months from several companies. The company said it will distribute $1.455 million to its shareholders for a total dividend payment of $0.085 per share. Complete List of Monthly Income Stocks Before we jump into the best Canadian companies that pay a monthly dividend income , let’s review the full list. This was created for personal use*, but I hope that others can find it useful as there doesn't seem to be a free resource on the net with this information arranged in this format. He focuses on companies with high quality assets that are trading with a margin of safety. This is only 10 of them. Analysts are estimating Magna will earn $7.43 in 2021, so the company’s current 2.16% dividend yield has a payout ratio of just 27%. The annualized payment comes out to a mere 34% of this year's expected profits of $5… Top Ranked Dividend Stocks With Insider Buying Top Dividend Stocks 2016-2021 Best Dividend Stocks Analysts Like in the S&P Best Dividend Paying Stocks Analysts Like in the Dow 10 Cheap Dividend Stocks Under $10 10 Low Priced Dividend Stocks Under $5 Top High Dividend Yield Stocks 2016-2021 Broker Darlings: Top 15 Analyst Picks of the Dow … List of Monthly Dividend Stocks Under $5 The growth, safety, and current yield of the dividend. The company froze the dividend in 2008 when it was being taken private by a group led by the Ontario’s Teachers Plan. However, Savaria is one of the few that has balanced growth, and returning cash to shareholders via the dividend. However, Royal Bank is certainly one of the best. However, the streak is a little misleading. August 8, 2020 6:45 am. ET Friday. List of Monthly Dividend Stocks Under $5 Tyler is an individual investor and has been investing in stocks, REITs, and private real estate for over 10 years. Intact is pretty much at the exact same price it was one year ago. It accounts for only 83.4% of adjusted funds from operations (AFFO), one of the best coverage ratios in the industry. Despite the price of oil crashing, the company has re-iterated dividend growth guidance several times. Over the last two quarters provisions for credit losses spiked, yet despite this the dividend remains well covered. Bank of America has a Buy rating and $5.80 price target for NOK stock. Analysts have begun to revise their estimates upwards, a trend that is likely to continue. This is one of my main investment strategies I use to generate passive income every month via dividends.. If you ask me, I’ll recommend every investor/investment portfolio to have a couple of high paying but stable dividend stocks (blue chips of course). In November, Intact announced it is acquiring RSA Insurance. The company has an 11-year dividend growth streak over which time it has averaged approximately 5% annual dividend growth. It has been the top performing Big Five bank over the past 3, 5, and 10-year periods. There are a total of 10 aristocrats, with companies like Fortis and Canadian Utilities almost at Dividend King status (over 50 years of consecutive growth). ... At the time of filming this video, the stock price is currently trading at $88.68, with a market cap of just under 3.321 billion dollars. Buy some cannabis. All content on Stocktrades is the views of the individual reporters. European Banks have been forced to cut the dividend, and some US banks such as Wells Fargo have also cut this year. A new addition to our dividend list, Magna (TSX:MG) is establishing itself as a strong dividend stock worthy of investors consideration. 3 Cheap Dividend Stocks Under $5 That Pay up to 6.5%. Through 2024, Fortis expects to raise the dividend by 6% annually – inline with historical averages. The company is now trading at a 15% discount to analysts’ target price of $17.75. The information on Stocktrades.ca represents the views of the authors and should not be misconstrued as advice. … That's just one reason why Apple and Tesla recently chose to … Last updated July 2020 To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. All are dealing with their fair share of hurdles, but under the right conditions, shares could more than double in 2020. Market Cap: $68 billionForward P/E: 11.14Yield: 5.29%Dividend Growth Streak: 9 yearsPayout Ratio (Earnings): 67.30%Payout Ratio (Free Cash Flows): Premium Members OnlyPayout Ratio (Operating Cash Flows): Premium Members Only1 Yr Div Growth Rate: 6.40%5 Yr Div Growth Rate: Premium Members OnlyStocktrades Growth Score: Premium Members OnlyStocktrades Dividend Safety Score: Premium Members Only. If you are looking for cheap dividend stocks under $5, then here is a list of some of the best ones we found. BCE currently yields an attractive 6.07%, which is above its historical averages. $5 can also get you one share of some surprisingly decent dividend-paying stocks. Throughout the past three, five and ten-year time frames, Fortis has consistently raised the dividend by approximately 6%. Second Cut. Building Your Easy $5000 Canadian Dividend Portfolio. It is the second-largest midstream company in the country and owns a 20-year dividend growth streak. However, not one cut the dividend. For more risk-tolerant investors, penny stocks, or names trading for less than $5 per share, are taking center stage. The company currently pays quarterly dividends of $0.201 per share, representing a dividend yield of 3.7%. Market Cap: $20.7 billionForward P/E: 16.49Yield: 2.29%Dividend Growth Streak: 15Payout Ratio (Earnings): 54.60%Payout Ratio (Free Cash Flows): Premium Members OnlyPayout Ratio (Operating Cash Flows): Premium Members Only1 Yr Div Growth Rate: 9.21%5 Yr Div Growth Rate: Premium Members OnlyStocktrades Growth Score: Premium Members OnlyStocktrades Dividend Safety Score: Premium Members Only. Not only can investors lock in a safe and attractive dividend, they can do so at respectable valuations. It has an industry leading debt-to-gross book value of only 28.8% and its 3.3x interest coverage ratio is second best among REITs (after Granite REIT). Not surprising as BCE is one of the most consistent and reliable stocks in the country. Furthermore, it is among the best office REITs in the country. If you want the true best of the best, click here to get started for free. This site/free resource is for Canadian Investors looking to list, find, compare, sort and search Dividend stocks on the Toronto Stock Exchange (TSX/TSE) stock market. But unlike stocks under $10 or stocks under $20, stocks under $5 are in a separate category. Over the course of its streak, it has averaged 7% dividend growth. That performance is worse than the market but shows Intact can survive a blow to its business and keep on moving. Since it went public in 1983, BCE has never missed a dividend payment, nor has it cut the dividend. That just barely qualifies it for this list of high-dividend stocks, at a 5.1% yield. Dividend Stocks Under $5 VOC Energy Trust [VOC] VOC Energy Trust recently announced a new dividend payment, and it’s driving an upward move in share prices. They are among the most reliable income stocks in the world. The Securities and Exchange Commission (SEC) considers stocks that trade under $5 to be penny stocks.