Ubika Research has shortlisted 10 Canadian stocks across sectors with attractive dividend yields and high dividend payout ratios. These stocks have a strong track record of paying dividends with decent payout ratios and are estimated to continue with it in 2014 offering attractive dividend yields. Moreover, these stocks are estimated to record strong earnings growth in 2014. We note that majority of these stocks have recorded gains during the past three months with average traded volume in excess of 100,000.
|
Company Name |
Exchange |
Ticker |
Market Cap |
Last Price |
Average Volume |
Price Change (3-Month) |
Dividend per Share (C$)(2012) |
TTM Dividend per Share(C$) |
Dividend per Share |
TTM Payout Ratio |
EPS Growth |
TTM Dividend Yield |
Dividend Yield |
|
Capstone Infrastructure Corp |
TSX |
CSE |
373.7 |
3.89 |
375,676 |
5.7% |
0.45 |
0.30 |
0.30 |
52.9% |
39.3% |
7.7% |
7.7% |
|
InnVest Real Estate Investment Trust |
TSX |
INN-U |
492.6 |
5.25 |
337,035 |
16.9% |
0.40 |
0.40 |
0.40 |
26.6% |
149.2% |
7.6% |
7.6% |
|
Dundee Real Estate Investment Trust |
TSX |
D-U |
3,166.8 |
29.67 |
441,632 |
4.9% |
2.20 |
2.22 |
2.23 |
49.8% |
52.2% |
7.5% |
7.5% |
|
Granite Real Estate Investment Trust |
TSX |
GRT-U |
1,786.3 |
38.05 |
123,028 |
8.0% |
2.00 |
2.08 |
2.19 |
59.8% |
162.6% |
5.5% |
5.8% |
|
Labrador Iron Ore Royalty Corp |
TSX |
LIF |
2,107.5 |
32.93 |
140,330 |
3.3% |
1.50 |
1.50 |
1.78 |
71.5% |
44.8% |
4.6% |
5.4% |
|
Alaris Royalty Corp |
TSX |
AD |
804.9 |
28.05 |
220,600 |
-23.4% |
1.18 |
1.31 |
1.38 |
87.3% |
63.3% |
4.7% |
4.9% |
|
Mullen Group Ltd |
TSX |
MTL |
2,393.5 |
26.40 |
266,553 |
-8.0% |
1.00 |
1.20 |
1.20 |
75.3% |
6.9% |
4.5% |
4.5% |
|
Corus Entertainment Inc |
TSX |
CJR/B |
2,124.9 |
25.05 |
201,222 |
3.9% |
0.94 |
1.02 |
1.08 |
33.2% |
16.2% |
4.1% |
4.3% |
|
Westshore Terminals Investment Corp |
TSX |
WTE |
2,574.2 |
34.67 |
118,897 |
0.0% |
1.23 |
1.26 |
1.31 |
78.6% |
76.5% |
3.6% |
3.8% |
|
Tricon Capital Group Inc |
TSX |
TCN |
706.0 |
7.82 |
408,617 |
0.6% |
0.24 |
0.24 |
0.24 |
85.8% |
311.1% |
3.1% |
3.1% |
Source: Bloomberg
TTM: Trailing Twelve Months
Company Description:
Capstone Infrastructure Corp (TSX: CSE)
Capstone Infrastructure Corporation invests in infrastructure businesses in Canada and internationally. The company’s portfolio includes gas cogeneration, wind, and hydro and biomass power generating facilities. Capstone Infrastructure seeks to provide attractive total returns.
InnVest Real Estate Investment Trust (TSX: INN-U)
InnVest Real Estate Investment Trust is an unincorporated real estate investment trust that holds a portfolio of Canadian hotel properties. The company is principally focused on acquiring limited service hotels operated under international brands such as Comfort Inn and Quality Hotel.
Dundee Real Estate Investment Trust (TSX: D-U)
Dundee Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust. The trust acquires and manages office and industrial properties throughout Canada.
Granite Real Estate Investment Trust (TSX: GRT-U)
Granite Real Estate Investment Trust is a global real estate operating Trust. The Trust is engaged principally in the acquisition, development, construction, leasing, management and ownership of a predominantly industrial rental portfolio of properties in North America and Europe leased primarily to Magna and its automotive operating units.
Labrador Iron Ore Royalty Corp (TSX: LIF)
Labrador Iron Ore Royalty Corp is an unincorporated open-ended trust. The company, through its subsidiaries, holds an overriding royalty on all iron ore products produced, sold, delivered, and shipped by Iron Ore Company of Canada.
Alaris Royalty Corp (TSX: AD)
Alaris Royalty Corporation is a private equity fund that invests in a diversified range of private companies around the world with a focus on North America.
Mullen Group Ltd (TSX: MTL)
Mullen Group Limited owns asset based oilfield services and trucking businesses. The company’s oilfield services division provides specialized transportation equipment and trained operating personnel to the oil and gas industry in western Canada. Mullen’s trucking division provides bulk hauling, truckload, and other services to shippers in Canada and the United States.
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.
Westshore Terminals Investment Corp (TSX: WTE)
Westshore Terminals Investment Corp. operates coal storage and loading terminal in British Columbia, Canada.
Tricon Capital Group Inc (TSX: TCN)
Tricon Capital Group, Inc. is a North American real estate asset manager and principal investor with a primary focus on the residential sector.
