Most investors like to receive dividends, especially in this volatile stock-market environment. Growing dividends are a sign of a healthy and prosperous business, as it shows that a company is growing its earnings, and is confident in being able to maintain a payout to shareholders. That being said, the companies on our list today have all recently hiked its dividend on a quarter-over-quarter basis.
Winpak Ltd. (TSX: WPK) – $45.31
Non-Paper Containers & Packaging
Winpak Ltd. is engaged in the manufacture and sale of packaging materials and the production of packaging machines. The Company’s products are categorized under three groups: flexible packaging, rigid packaging and flexible lidding materials, and packaging machinery. Winpak manufactures coextruded blown and cast films. It provides shrink bags, and flexographic and rotogravure printed laminations, and vacuum, stand-up and zipper closure pouches.
- Market Cap: $2,986,100,000
- Revenues (LTM): $993,748,607
- Increase in Gross Dividends (Q/Q): 3497%
- Gross Dividends (LFQ): $98,733,674
Related: 5 Resource-Related Stocks with Attractive Dividend Yields >>
Canfor Pulp Products Inc. (TSX: CFX) – $13.88
Paper Products
Canfor Pulp Products Inc (CPPI) is a Canada-based supplier of pulp and paper products with operations in the central interior of British Columbia. It operates in two segments: Pulp and Paper. The Company’s Paper machine, located at the Prince George Pulp and Paper Mill, has an annual production capacity of approximately 140,000 tons of Kraft paper.
- Market Cap: $971,545,755
- Revenues (LTM): $1,107,900,000
- Increase in Gross Dividends (Q/Q): 1793%
- Gross Dividends (LFQ): $83,300,000
Altius Minerals Corp. (TSX: ALS) – $10.24
Diversified Mining
Altius Minerals Corporation is a Canada-based mining royalty company that is engaged in the generation and acquisition of mineral resource projects, royalties and investments. It has royalty interests in 13 producing mines located across Canada. The royalty interests cover mining operations producing thermal (electrical) and metallurgical coal, potash, nickel, copper, zinc, cobalt, gold and silver.
- Market Cap: $416,891,145
- Revenues (LTM): $5,428,000
- Increase in Gross Dividends (Q/Q): 85%
- Gross Dividends (LFQ): $1,198,000
Toromont Industries Ltd. (TSX: TIH) – $30.07
Business Support Services
Toromont Industries Ltd. is a Canada-based company that delivers specialized equipment and other products. The Company has two operational segments: the Equipment Group and CIMCO. CIMCO is engaged in the design, engineering, fabrication and installation of industrial and recreational refrigeration systems with operations in Canada and the United States. CIMCO offers systems designed to optimize energy usage through products, such as ECO CHILL.
- Market Cap: $2,367,654,782
- Revenues (LTM): $1,795,933,000
- Increase in Gross Dividends (Q/Q): 67%
- Gross Dividends (LFQ): $16,529,000
Trinidad Drilling Ltd. (TSX: TDG) – $1.86
Oil & Gas Drilling
Trinidad Drilling Ltd. (Trinidad) is a Canada-based drilling rig contractor. Trinidad operates in the drilling and barge-drilling sectors of the North American oil and natural gas industry. Trinidad operates through four segments: Canadian Operations, consisting of the Company’s Canadian land drilling operations; the United States and International Operations, which provides contract drilling services to the United States and Mexican oil and gas industry; Manufacturing Operations, consisting of the operations of Trinidad’s subsidiary, Victory Rig Equipment Corporation (Victory), doing business as Trinidad Design & Manufacturing (TDM), a drilling rig and equipment construction and fabrication business that builds and maintains, and recertifies drilling and related equipment, and Joint Venture Operations, which provides contract drilling services to Halliburton Company for its international integrated projects.
- Market Cap: $444,174,540
- Revenues (LTM): $690,240,000
- Increase in Gross Dividends (Q/Q): 66%
- Gross Dividends (LFQ): $11,104,000
