5 TSX Dividend Stocks Yielding 6.5%+ With Capital Gains Potential

Get paid while waiting for capital gains with the TSX dividend stocks on our list

SmallCapPower | April 28, 2017: Dividends provide safety and security since quarterly or monthly payouts are sent to shareholders even if a company’s stock price underperforms. Most companies issuing dividends are at a comfortable stage in their business cycle and have a proven business model that works. Today we have identified five TSX dividend stocks that pay a 6.5%+ yield, which may be worthy of adding to your RRSP or TFSA so that you could sit back and also enjoy the compounding growth that these companies have to offer.

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Aimia Inc. (TSX: AIM) – $9.09
Advertising & Marketing

Aimia Inc. is a data-driven marketing and loyalty analytics company. Its segments include Americas Coalitions, International Coalitions, Global Loyalty Solutions (GLS), and Corporate and Other. Within the Americas Coalitions segment, the Company owns and operates the Aeroplan Program, which is Canada’s coalition loyalty program, and its Canadian non-platform based loyalty services business. Within the International Coalitions segment, the Company owns and operates Nectar, which is the United Kingdom’s coalition loyalty program, and Air Miles Middle East, a coalition loyalty program in the United Arab Emirates, Qatar and Bahrain. The International Coalitions segment also includes its Shopper Insights and Communications business, which provides data-driven analytics and insights services to retailers and their suppliers.

  • Market Cap: $1,384.4 million
  • Total Revenue (LTM): $2,288.1 million
  • Dividend yield: 8.8%
  • YTD Price Change: 2.4%

Corus Entertainment Inc. (TSX: CJR.B) – $13.08

Corus Entertainment Inc. is a media and content company that creates and delivers quality brands and content across platforms for audiences around the world. The Company’s portfolio of multimedia offerings encompasses 45 specialty television services, 39 radio stations, 15 conventional television stations, a global content business, digital assets, live events, children’s book publishing, animation software, technology and media services. Corus’ roster of premium brands includes Global Television, W Network, OWN: Oprah Winfrey Network Canada, HGTV Canada, Food Network Canada, HISTORY, Showcase, National Geographic Channel, Q107, CKNW, Fresh Radio, Disney Channel Canada, YTV and Nickelodeon Canada.

  • Market Cap: $2,579.9 million
  • Total Revenue (LTM): $1,581.5 million
  • Dividend yield: 8.7%
  • YTD Price Change: 3.8%

Brookfield Real Estate Services Inc. (TSX: BRE) – $16.23
Real Estate Services

Brookfield Real Estate Services Inc. is a Canada-based real estate services company. The Company’s segment includes providing information and services to real estate agents and brokers in Canada through a portfolio of real estate services brands. The Company supplies brokers and agents with information, tools and services to assist them in providing and delivery of real estate sales services. The Company’s brands include Royal LePage and Via Capitale and Johnston & Daniel. The Company provides various services to real estate brokers and their agents, who practice in the residential brokerage segment of the market.

  • Market Cap: $154.4 million
  • Total Revenue (LTM): $42.4 million
  • Dividend yield: 8.0%
  • YTD Price Change: 2.9%

AltaGas Ltd. (TSX: ALA) – $30.64
Multiline Utilities

AltaGas Ltd is a Canada-based energy infrastructure company that operates through three segments: Gas, Power and Utilities. The Gas segment transacts approximately two billion cubic feet per day (Bcf/d) of natural gas and includes natural gas gathering and processing, natural gas liquids extraction and separation, transmission, storage and natural gas marketing, as well as its interest in Petrogas Energy Corp. The Power segment includes generation assets located across North America with over 2,000 megawatt (MW) of capacity from over five fuel types, with opportunities to expand in California and across the United States, as well as the opportunity to develop new gas-fired and renewable generation in Alberta to replace coal. The Utilities segment serves over 560,000 customers through ownership of regulated natural gas distribution utilities across North America and a regulated natural gas storage utility in the United States, delivering natural gas to homes and businesses.

  • Market Cap: $5,175.3 million
  • Total Revenue (LTM): $2,350.4 million
  • Dividend yield: 6.9%
  • YTD Price Change: -9.6%

Chorus Aviation Inc. (TSX: CHR) – $7.37

Chorus Aviation Inc. is a holding company, which holds various aviation interests. The Company operates through businesses, such as Jazz Aviation LP (Jazz), Voyageur Aviation Corp. (Voyageur) and Chorus Aviation Capital Corp. (CACC). Jazz operates through three divisions: Air Canada Express, through which Jazz provides service using the Air Canada Express brand throughout North America; Jazz Technical Services (JTS) provides maintenance, repair and overhaul (MRO) services to third parties, and Jazz division, which offers charters throughout North America with a fleet of three Bombardier aircraft and also offers airline operators services, such as ground handling, dispatching, flight load planning, training and consulting.

  • Market Cap: $903.4 million
  • Total Revenue (LTM): $1,276.9 million
  • Dividend yield: 6.5%
  • YTD Price Change: 1.9%

Disclosure: Neither the author nor any of the principals at Small Cap Power, or their family members, own shares in any of the companies mentioned above.

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