When a company is earning more year over year, it sometimes rewards its shareholders by paying out a dividend. If the earnings of dividend-paying companies continue to grow, then the payouts often increase also. Historically, dividend-growing stocks tend to outperform the market, which could include the companies on our list today.
Echelon Financial Holdings Inc. (TSX: EFH) – $13.00
Property & Casualty Insurance
Echelon Financial Holdings Inc, formerly EGI Financial Holdings Inc., is a Canada-based company engaged in property and casualty insurance. The Company operates through four segments: Personal Lines and Specialty Programs businesses in Canada, ICPEI in the Maritime Provinces and the specialty business in the International division.
- Market Cap: $152,431,246
- Revenue (LTM): $320,885,000
- Net Income CAGR (2 years): 34.9%
- Payout Ratio (LTM): 39.1%
Related: 5 Energy Stocks Not Likely to Cut its Dividend >>
Enghouse Systems Ltd. (TSX: ESL) – $65.93
Software
Enghouse Systems Limited is a Canada-based company that develops enterprise software solutions. The Company has two business segments: the Interactive Management Group and the Asset Management Group. Enghouse also provides fleet routing, dispatch, scheduling, communications and emergency control center solutions.
- Market Cap: $1,735,522,435
- Revenue (LTM): $265,040,000
- Net Income CAGR (2 years): 10.3%
- Payout Ratio (LTM): 41.3%
MTY Food Group Inc. (TSX: MTY) – $31.20
Restaurants & Bars
MTY Food Group Inc. (MTY) is a Canada-based company engaged in franchising and operating quick-service restaurants under various banners, including Thai Express, TCBY, Yogen Fruz, Country Style, Jugo Juice, and Van Houtte. The Company’s activities consist of Franchise operations, Corporate store operations, Distribution operations and Food processing operations. MTY has about 2,837 locations in operation, of which 2,784 are franchised or under operator agreements and the remaining 53 locations are operated by MTY.
- Market Cap: $593,502,400
- Revenue (LTM): $135,661,000
- Net Income CAGR (2 years): 7.1%
- Payout Ratio (LTM): 25.8%
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The Ubika Technology 20 index (UT20) eased 2.7% during the past month, powering past the TSX Venture Index’s 7.9% slide yet falling short of the TSX Info. Tech Index’s gain of 2.2%. Mitel Networks Corporation (TSX: MNW) was the top-performing component company this month, jumping more than 19% after reporting better-than-expected Q3 financial results. Get your copy of the Ubika Technology 20 report here >>
High Arctic Energy Services Inc. (TSX: HWO) – $3.67
Oil Related Services and Equipment
High Arctic Energy Services Inc. is a provider of services to the oil and gas industry. The Company provides drilling and specialized well completion services, equipment rentals and other services to the oil and gas industry. High Arctic operates in Papua New Guinea (PNG) and Canada.
- Market Cap: $202,042,462
- Revenue (LTM): $198,100,000
- Net Income CAGR (2 years): 5.1%
- Payout Ratio (LTM): 41.0%
Toromont Industries Ltd. (TSX: TIH) – $31.29
Business Support Services
Toromont Industries Ltd. is a Canada-based company that delivers specialized equipment and other products. The Company has two operational segments: the Equipment Group and CIMCO. The Equipment Group is engaged in the supply of specialized mobile equipment and industrial engines. The Equipment Group provides sales and rental solutions, as well as product support through Toromont Cat, Battlefield-The Cat Rental Store, SITECH Mid-Canada Ltd. and Ag West Equipment Ltd. CIMCO is engaged in the design, engineering, fabrication and installation of industrial and recreational refrigeration systems with operations in Canada and the United States. CIMCO offers systems designed to optimize energy usage through products, such as ECO CHILL.
- Market Cap: $2,432,983,102
- Revenue (LTM): $1,795,933,000
- Net Income CAGR (2 years): 5.0%
- Payout Ratio (LTM): 35.9%
