The TSX dividend stocks on our list are giving more cash back to its shareholders
SmallCapPower | March 15, 2017: Today we have identified some TSX dividend stocks that have recently raised their dividend payouts by as much as 20%. Increasing dividends are a sign of a company’s confidence in its business and its ability to generate sufficient revenues in the future. Dividend stocks such as these are attractive to shareholders as they provide an annual payout while investors anticipate capital gains, a win-win situation for shareholders.
Enercare Inc. (TSX: ECI) – $20.08
Enercare Inc is a Canada-based company engaged in home services and sub-metering businesses. The Company operates through two segments: Home Services and Sub-metering. Its Home Services segment is engaged in the provision of water heaters, furnaces, air conditioners and other heating, ventilation and air conditioning (HVAC) rental products, protection plans and related services. Its Sub-metering segment is engaged in the provision of sub-metering equipment and billing services.
- Market Cap: $2.1 billion
- Revenue (FY0): $1.3 million
- Dividend (FY0, annual): $0.96/share
- Dividend Increase (FY0): 3.9%
Linamar Corp. (TSX: LNR) – $60.34
Auto, Truck & Motorcycle Parts
Linamar Corporation is a Canada-based diversified manufacturing company of engineered products powering vehicles, motion, work and lives. The Company operates through two segments: the Powertrain/Driveline and the Industrial. The Company provides core engine components, including cylinder blocks and heads, camshafts and connecting rods. For transmission, it builds differential assemblies, gear sets, shaft and shell assemblies, as well as clutch modules.
- Market Cap: $4.0 billion
- Revenue (FY0): $6.3 billion
- Dividend (FY0, annual): $0.48/share
- Dividend Increase (FY0): 20.0%
Aecon Group Inc. (TSX: ARE) – $16.91
Construction & Engineering
Aecon Group Inc is a Canada-based construction and infrastructure development company. It operates through four segments: Infrastructure, Energy, Mining and Concessions. The Infrastructure segment includes all aspects of the construction of both public and private infrastructure in Canada, and on a selected basis, internationally. The Energy segment encompasses a suite of service offerings to the energy sector, including industrial, construction and manufacturing activities, such as in-plant construction, site construction and module assembly. The Mining segment offers services consolidating its mining capabilities and services across Canada, including both mine site installations and contract mining. This segment focuses on delivering construction services. The Concessions segment includes development, financing, construction and operation of infrastructure projects by way of build-operate-transfer, build-own-operate-transfer and other public-private partnership contract structures.
- Market Cap: $971.5 million
- Revenue (FY0): 3.1 billion
- Dividend (FY0, annual): $0.50/share
- Dividend Increase (FY0): 8.7%
First National Financial Corp. (TSX: FN) – $26.74
Corporate Financial Services
First National Financial Corporation is a Canada-based parent company of First National Financial LP (FNFLP), which is an originator, underwriter and servicer of prime residential (single-family and multi-unit) and commercial mortgages. The Company operates through two segments: Residential (which includes single-family residential mortgages) and Commercial (which includes multi-unit residential and commercial mortgages).
- Market Cap: $1.6 billion
- Revenue (FY0): $520.6 million
- Dividend (FY0, annual): $1.85/share
- Dividend Increase (FY0): 9.0%
TransCanada Corp. (TSX: TRP) – $61.93
Oil & Gas Transportation Services
TransCanada Corporation is an energy infrastructure company engaged in the development and operation of North American energy infrastructure, including natural gas and liquids pipelines, power generation and natural gas storage facilities. Its segments include Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines, Mexico Natural Gas Pipelines, Liquids Pipelines and Energy. The Company operates in three businesses: Natural Gas Pipelines, Liquids Pipelines and Energy.
- Market Cap: $54.0 billion
- Revenue (FY0): $12.4 billion
- Dividend (FY0, annual): $2.50/share
- Dividend Increase (FY0): 10.6%