The TSX stocks on our list have growing earnings and a significant dividend yield
SmallCapPower | February 16, 2017: Today we have identified five TSX stocks that analysts expect will grow their earnings-per-share (EPS) this year, which also pay a sizeable dividend to help protect against some potential downside.
TMX Group Ltd. (TSX: X) – $72.85
Financial & Commodity Market Operators & Service Providers
TMX Group Limited is a Canada-based company that controls entities, which operates exchanges, markets and clearinghouses for capital markets in Canada. The Company’s segments are Market Insights, Capital Formation, Derivatives, Efficient Markets and Market Solutions. Market Insights business line includes TMX Datalinx (information services), TMX Insights (analytics and Razor Risk Technologies Limited) and TMX Atrium (low-latency infrastructure provider). Market Solutions business line includes AgriClear. Capital Formation business line includes Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) listing and issuer services, TMX Equity Transfer Services Inc. and TSX Private Markets.
- Market Cap: $4,009 million
- 52-Week Total Return: +94.8%
- EPS Growth Expected (Y/Y): 6%
- Dividend Yield: 2.5%
Genworth MI Canada Inc. (TSX: MIC) – $37.54
Property & Casualty Insurance
Genworth MI Canada Inc is a Canada-based company, which through its subsidiary, Genworth Financial Mortgage Insurance Company Canada, is the private residential mortgage insurer in Canada. The Company provides mortgage default insurance to Canadian residential mortgage lenders, making homeownership more accessible to first-time homebuyers. The Company offers both transactional and portfolio mortgage insurance.
- Market Cap: $3,449 million
- 52-Week Total Return: +61.7%
- EPS Growth Expected (Y/Y): 8%
- Dividend Yield: 4.7%
National Bank of Canada (TSX: NA) – $57.92
National Bank of Canada (the Bank) is an integrated group, which provides financial services to consumers, small- and medium-sized enterprises (SMEs) and large corporations in its domestic market and also offers specialized services internationally. The Bank’s segments are Personal and Commercial, which includes the banking, financing and investing services offered to individuals and businesses, as well as insurance operations; Wealth Management, which consists of investment solutions, trust services, banking services, lending services and other wealth management solutions offered through internal and third-party distribution networks; Financial Markets, which includes banking services, investment banking services and financial solutions for institutional clients, and Other, which includes treasury operations, including the Bank’s asset and liability management, liquidity management and funding operations; certain non-recurring items, and the unallocated portion of corporate units.
- Market Cap: $19,721 million
- 52-Week Total Return: +61.4%
- EPS Growth Expected (Y/Y): 17%
- Dividend Yield: 3.9%
Industrial Alliance Insurance and Financial Services Inc. (TSX: IAG) – $58.15
Life & Health Insurance
Industrial Alliance Insurance and Financial Services Inc. is a Canada-based company, which offers a range of life and health insurance products, savings and retirement plans, mutual funds, securities, auto and home insurance, mortgage loans, and other financial products and services. The Company’s segments include Individual Insurance, which includes life, health, disability and mortgage insurance products; Individual Wealth Management, which includes individual products and services for savings plans, retirement funds and segregated funds, as well as securities brokerage, trust operations and mutual funds; Group Insurance, which includes life, health, accidental death and dismemberment, creditor insurance, replacement insurance, replacement warranties and extended warranties, and specialized products for special markets solutions; Group Savings and Retirement, and Other, which includes auto and home insurance products, as well as asset management and financing.
- Market Cap: $6,176 million
- 52-Week Total Return): +60.3%
- EPS Growth Expected (Y/Y): 37%
- Dividend Yield: 2.2%
Manulife Financial Corp. (TSX: MFC) – $24.95
Life & Health Insurance
Manulife Financial Corporation (MFC) is a life insurance company. The Company is a holding company of The Manufacturers Life Insurance Company (MLI), a Canadian life insurance company, and John Hancock Reassurance Company Ltd. (JHRECO), a Bermuda reinsurance company. The Company offers financial protection and wealth management products and services to personal and business clients, as well as asset management services to institutional customers. It operates as Manulife in Canada and Asia and primarily as John Hancock in the United States.
- Market Cap: $49,288 million
- 52-Week Total Return: +56.1%
- EPS Growth Expected (Y/Y): 12%
- Dividend Yield: 3.3%