Today, we have shortlisted 12 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 some 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) |
DPS |
TTM DPS |
DPS |
TTM Payout Ratio |
EPS Growth |
TTM Dividend Yield |
Dividend Yield |
|
Chorus Aviation Inc |
TSX |
CHR/B |
550.6 |
4.56 |
248,394 |
4.3% |
0.41 |
0.41 |
0.45 |
58.2% |
5.5% |
9.0% |
9.9% |
|
Pure Industrial Real Estate Trust |
TSX |
AAR-U |
834.6 |
4.40 |
559,634 |
-5.6% |
0.31 |
0.31 |
0.31 |
82.1% |
39.3% |
7.1% |
7.0% |
|
Essential Energy Services Ltd |
TSX |
ESN |
259.3 |
2.06 |
145,591 |
-16.3% |
0.11 |
0.12 |
0.12 |
81.3% |
11.6% |
5.8% |
5.8% |
|
Corus Entertainment |
TSX |
CJR/B |
1,775.7 |
20.70 |
170,713 |
-14.3% |
1.06 |
1.06 |
1.13 |
60.7% |
9.1% |
5.1% |
5.4% |
|
Whitecap Resources |
TSX |
WCP |
3,655.6 |
14.88 |
2,087,416 |
-8.3% |
0.61 |
0.48 |
0.76 |
39.5% |
372.2% |
3.2% |
5.1% |
|
Superior Plus Corp |
TSX |
SPB |
1,577.3 |
12.50 |
358,783 |
-10.7% |
0.60 |
0.60 |
0.60 |
89.2% |
52.7% |
4.8% |
4.8% |
|
Russel Metals Inc |
TSX |
RUS |
1,972.7 |
32.12 |
176,847 |
-9.0% |
1.40 |
1.40 |
1.47 |
84.7% |
40.9% |
4.4% |
4.6% |
|
Black Diamond Group Ltd |
TSX |
BDI |
922.6 |
21.51 |
190,200 |
-32.8% |
0.83 |
0.89 |
0.93 |
70.0% |
10.4% |
4.1% |
4.3% |
|
Carfinco Financial Group Inc |
TSX |
CFN |
294.1 |
11.11 |
178,011 |
27.3% |
0.48 |
0.48 |
0.48 |
63.2% |
4.9% |
4.3% |
4.3% |
|
CanElson Drilling Inc |
TSX |
CDI |
520.8 |
5.62 |
269,979 |
-28.9% |
0.23 |
0.24 |
0.24 |
49.9% |
26.5% |
4.3% |
4.3% |
|
Nevsun Resources |
TSX |
NSU |
778.6 |
3.90 |
291,322 |
-4.2% |
0.14 |
0.21 |
0.14 |
97.5% |
766.7% |
6.0% |
4.1% |
|
Western Energy Services Corp |
TSX |
WRG |
557.7 |
7.45 |
271,993 |
-31.4% |
0.30 |
0.30 |
0.30 |
41.5% |
62.6% |
4.0% |
4.0% |
Source: Bloomberg
TTM: Trailing Twelve Months
DPS: Dividend per Share
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.
Pure Industrial Real Estate Trust (TSX: AAR-U)
Pure Industrial Real Estate Trust (PIRET) is a real estate investment trust. The Trust acquires, owns, and operates a diversified portfolio of income producing industrial properties in both primary markets across Canada.
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.
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.
Whitecap Resources Inc (TSX: WCP)
Whitecap Resources, Inc. explores for oil and natural gas. The company operates in western Canada.
Superior Plus Corp (TSX: SPB)
Superior Plus Corporation distributes propane, supplies chemicals and technology, and produces potassium products. The company also distributes wall and ceilings construction products, and provides fixed-price natural gas supply services.
Russel Metals Inc (TSX: RUS)
Russel Metals Inc. distributes steel in North America. The company operates through service center distribution, energy sector distribution, and steel import/export. Russel also processes steel.
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.
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.
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.
Nevsun Resources Ltd (TSX: NSU)
Nevsun Resources Ltd. is the operator of the Bisha Mine which began construction in 2008 and commercial production in 2011. The mine produced gold-silver dore until 2013 when the product switched to copper in concentrate and will expand to also produce Zinc concentrates.
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.
