4 Canadian Dividend Stocks With the Best Payout Growth

The Canadian dividend stocks we’ve discovered have seen significant dividend increases over the past three years

SmallCapPower | July 19, 2021: Publicly-traded companies with a history of increasing dividend payouts tend to outperform other dividend stocks with little, or no, annual dividend increases. Today, we have filtered through and found four Canadian dividend stocks with the best dividend growth rates during the past three years.

*Share price data and other metrics as of July 16, 2021

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Brookfield Infrastructure Corporation (TSX:BIPC) – $89.97
Infrastructure Investing

Brookfield Infrastructure Corporation is one of the largest owners and operators of critical and diverse global infrastructure networks, which facilitate the movement and storage of energy, water, freight, passengers and data. The Company’s objective is to generate a long-term return of 12 -15% on equity and provide sustainable distributions for unitholders while targeting annual distribution growth of 5-9%. Brookfield Infrastructure Partners’ strategy is to acquire high-quality businesses on a value basis, actively manage operations and opportunistically sell assets to reinvest capital into the business. The Company has established a solid performance record, delivering compounded annual total returns of 15% since its inception in 2008.

  • Market Cap: $4,155.4M
  • YTD-Return: -2.4%
  • 1-Year Share Price Return: +39.8%
  • 30-Day Average Trading Volume: 61,300
  • 2020 Dividend/share: $1.85
  • 2017 Dividend/share: $0.66
  • 3-Year Dividend growth: +180%

Quebecor Inc. (TSX:QBR.A) – $33.40
Media

Quebecor is a major cable and wireless operator in the province of Quebec. Quebecor operates in the following business segments: Telecommunications, Media, and Sports and Entertainment. Quebecor’s corporate strategy is to capture synergies among its segments and leverage the value of content for the benefit of multiple distribution platforms. The Company also owns select media assets, including a 68.4% equity interest in television broadcaster TVA Group. Videotron, a wholly-owned subsidiary of Quebecor, is planning to connect 37,000 rural Quebec households with high-speed internet service by the end of 2022.

  • Market Cap: $8,151.9M
  • YTD-Return: +1.8%
  • 1-Year Share Price Return: +15.0%
  • 30-Day Average Trading Volume: 770
  • 2020 Dividend/share: $0.80
  • 2017 Dividend/share: $0.19
  • 3-Year Dividend growth: +321%

Richelieu Hardware Ltd. (TSX:RCH) – $41.62
Furniture and Cabinets

Richelieu Hardware is a North American importer, distributor, and manufacturer of specialty hardware and related products. The Company currently has a customer base of kitchen and bathroom cabinetry, storage and closet, home furnishings and office furniture manufacturers, residential and commercial woodworkers, and hardware retailers, such as renovation superstores. Overall, the Company provides 110,000 different items that are designed for its customer base of over 80,000 customers that are served at 72 centers located in North America.

  • Market Cap: $2,331.2M
  • YTD-Return: +26.0%
  • 1-Year Share Price Return: +29.3%
  • 30-Day Average Trading Volume: 159,980
  • 2020 Dividend/share: $0.36
  • 2017 Dividend/share: $0.27
  • 3-Year Dividend growth: +33%

BMTC Group Inc. (TSX:GBT) – $16.06
Specialty Retail

BMTC Group Inc., through its subsidiary Ameublements Tanguay Inc., manages and operates a retail network of furniture, household appliances, and electronic products in Canada. The Company operates through two divisions: Brault & Martineau and EconoMax. It operates retail outlets in 32 locations in Quebec. The Company was incorporate in 1989 and is headquartered in Montreal, Canada.

  • Market Cap: $542.4M
  • YTD-Return: +29.5%
  • 1-Year Share Price Return: +76.3%
  • 30-Day Average Trading Volume: 5,950
  • 2020 Dividend/share: $0.29
  • 2017 Dividend/share: $0.14
  • 3-Year Dividend growth: +107%

Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.

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