Today, we have shortlisted 11 Canadian stocks across sectors that have registered high dividend payout ratios (>50%) and high dividend yields during their trailing twelve months period. Moreover, majority of these stocks are expected to report strong EPS growth for fiscal year 2014.
| Company Name |
Ticker |
Exchange |
Sector |
Market Cap |
Last Price |
Average Volume |
Price Change |
Dividend Payout Ratio |
Dividend Yield |
EPS Growth 2014(E) |
|
Chorus Aviation Inc |
CHR/B |
TSX |
Consumer Discretionary |
497.6 |
4.13 |
261,040 |
-11.6% |
82.2% |
10.0% |
5.5% |
|
Essential Energy Services |
ESN |
TSX |
Energy |
254.2 |
2.02 |
145,755 |
-22.3% |
56.8% |
5.9% |
13.2% |
|
North West Co Inc/The |
NWC |
TSX |
Consumer Staples |
1,116.0 |
23.05 |
110,942 |
-0.9% |
84.4% |
4.9% |
2.1% |
|
CanElson Drilling Inc |
CDI |
TSX |
Energy |
506.9 |
5.47 |
242,506 |
-22.1% |
52.7% |
4.4% |
28.8% |
|
Black Diamond Group Ltd |
BDI |
TSX |
Financial |
866.5 |
20.20 |
184,813 |
-27.3% |
64.9% |
4.4% |
11.3% |
|
Corus Entertainment Inc |
CJR/B |
TSX |
Communications |
2,084.5 |
24.30 |
134,568 |
-1.3% |
52.8% |
4.3% |
13.8% |
|
Carfinco Financial Group Inc |
CFN |
TSX |
Financial |
298.9 |
11.29 |
289,586 |
-0.5% |
61.8% |
4.3% |
4.9% |
|
Emera Inc |
EMA |
TSX |
Utilities |
4,967.8 |
34.96 |
279,201 |
3.7% |
85.5% |
4.1% |
7.3% |
|
Western Energy Services |
WRG |
TSX |
Energy |
558.5 |
7.46 |
267,241 |
-24.8% |
59.8% |
4.0% |
68.8% |
|
Contrans Group Inc |
CSS |
TSX |
Industrial |
505.0 |
14.80 |
164,234 |
-1.2% |
54.6% |
3.6% |
16.3% |
|
Ensign Energy Services Inc |
ESI |
TSX |
Energy |
2,021.1 |
13.18 |
294,833 |
-12.7% |
53.2% |
3.5% |
17.1% |
Source: Bloomberg
Company Description
Chorus Aviation Inc (TSX: CHR/B)
Chorus Aviation, Inc. operates a regional airline. The company offers scheduled air passenger services on behalf of Air Canada to destinations in Canada and the United States.
Essential Energy Services Ltd (TSX: ESN)
Essential Energy Services Limited provides essential oilfield services to oil and gas wells in Canada. The company’s service rigs are used to repair, recomplete and stimulate existing oil and natural gas wells and perform completion work on new wells.
North West Co Inc/The (TSX: NWC)
North West Company, Inc. retails food, family apparel, housewares, appliances, outdoor products, and offers services such as quick-service prepared food, special ordering, money transfers and check cashing. The company operates in underserved rural communities in Canada, Alaska, the South Pacific, and the Caribbean.
CanElson Drilling Inc (TSX: CDI)
CanElson Drilling, Inc. manufactures, acquires and operates drilling rigs for the oil and natural gas industry. The company operates in the western Canadian Sedimentary Basin, the Permian Basin of west Texas, and the Ebano-PanucoCacalilao fields of Mexico.
Black Diamond Group Ltd (TSX: BDI)
Black Diamond Group Ltd. rents modular structures for use as workforce accommodations and temporary work space. The company provides temporary workspace for urban and industrial customers, the oilfield industry, and customers who work in remote areas.
Corus Entertainment Inc (TSX: CJR/B)
Corus Entertainment Inc. is a Canadian-based media and entertainment company. The company’s core business includes radio, specialty and pay television, as well as children’s publishing and animation, which is sold internationally.
Carfinco Financial Group Inc (TSX: CFN)
Carfinco Financial Group Inc. provides specialty consumer financing for vehicle purchases. The company offers its financing program to customers through a network of select independent and franchise dealerships. The customers must meet credit criteria set by Carfinco, and the vehicles purchased must also meet the criteria set by the company.
Emera Inc (TSX: EMA)
Emera Inc. provides diversified energy and services through its subsidiaries. The company supplies electric generation, transmission, and distribution in Nova Scotia, Canada. Emera also delivers bunker oil, diesel fuel, and light fuel. In addition, the company delivers Sable Island natural gas to markets in Maritime Canada and the northeastern United States.
Western Energy Services Corp (TSX: WRG)
Western Energy Services Corp. is an oilfield service company which provides contract drilling services in Canada and the United States. In Canada, Western also provides well servicing and oilfield rental services.
Contrans Group Inc (TSX: CSS)
Contrans Group, Inc. provides transportation services throughout Canada and the United States. The company provides shippers with flatbed, van, dry tank, liquid tank and dump trailer equipment services, as well as third party logistic solutions.
Ensign Energy Services Inc (TSX: ESI)
Ensign Energy Services, provides oilfield services in Canada, the United States and internationally. The company offers land-based drilling and well servicing contractors serving crude oil, natural gas and geothermal operators. Additional services include directional drilling, rental equipment, managed pressure drilling, and production flow back units.
