The real estate and resource stocks we’ve dug up have announced inaugural dividends within the past six months
SmallCapPower | January 15, 2020: Dividend-paying stocks can generate income for investors without having to sell shares. When a company announces a dividend for the first time this can be a good indicator that companies are growing their free cash flow and are more likely to be outperforming their peers. Today we have discovered three Canada-listed real estate and resource stocks that have declared an inaugural dividend within the past six months.
*Share price data as at January 13, 2019, data obtained from S&P Capital IQ
Maverix Metals Inc. (TSX:MMX) – $6.56
Gold Royalty
Maverix is a gold-focused royalty and streaming company with a globally-diversified portfolio of 104 assets, of which 14 are currently paying. Maverix has acquired four portfolios from senior mining companies (Pan American Silver Corporation, Gold Fields Limited, Newmont Goldcorp Corporation and Kinross), along with a series of smaller transactions. The Company acquires assets mainly in operation or that have a clear path to production within one to two years. On December 2, 2019, MMX announced the acquisition of 25 precious metals royalties from Kinross Gold Corp. (TSX:K) for US$25M and 11.2M shares, representing a 9.4% stake in the Company.
- Market Cap: $784.4M
- YTD-Return: -1.5%
- 90-Day Return: +13.8%
- 90-Day Average Trading Volume: +70,870
- Quarterly Dividend: $0.013/share (0.8% annual yield)
- First ex-Dividend Date: December 31, 2019
- First Dividend Payment Date: January 15, 2020
B2Gold Corp. (TSX:BTO) – $5.06
Gold
B2Gold engages in development and exploration of mineral properties in Burkina Faso, Colombia, Finland, Mali, Namibia, Nicaragua, and the Philippines. B2Gold Corp. also holds an 80% interest in the Fekola mine, located in Mali, a 90% interest in Otijkoto gold mine in Namibia, a 100% interest in La Libertad mine located in Nicaragua, and more. On January 17, the Company announced that it had record-setting 2018 production, boosting its output by 51% YoY. During the year, ~953K ounces of gold were produced from the new Fekola mine in Mali. The Company’s Masbate mine in the Philippines also set a record for production in 2018. In Q2/19, BTO reported cash costs of $554/oz and AISC of $807/oz.
- Market Cap: $5,191.8M
- YTD-Return: -2.9%
- 90-Day Return: +19.6%
- 90-Day Average Trading Volume: 2,907,190
- Quarterly Dividend: $0.01/share (0.8% annual yield)
- First ex-Dividend Date: November 27, 2019
- First Dividend Payment Date: December 13, 2019
Terra Firma Capital Corporation (TSXV:TII) – $5.46
Real Estate Financing
Terra Firma Capital Corp is a Canada-based real estate finance company that provides customized debt and equity solutions to the real estate industry. The Company focuses on providing real estate financings secured by investment properties and real estate developments throughout Canada and the United States. These financings are made to real estate developers and owners that require shorter-term loans to bridge a transitional period of 1 to 5 years, when they require capital at various stages of development or redevelopment of a property.
- Market Cap: $30.4M
- YTD-Return: -1.8%
- 90-Day Return: 0.0%
- 90-Day Average Trading Volume: 7,610
- Quarterly Dividend: $0.005/share (0.4% annual yield)
- First ex-Dividend Date: September 30, 2019
- First Dividend Payment Date: October 15, 2019
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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