3 Canadian Small Cap Stocks with Big Dividend Increases

The Canadian small cap stocks on our list have increased their dividend payout by more than 30% during the past five years

SmallCapPower | July 11, 2017: Most companies with a dividend policy will promise a stable and increasing dividend, however many fail to keep this promise. Those that do tend to reward shareholders handsomely in the form of dividends and often, capital gains. Today we have identified three Canadian small cap stocks that have increased their dividend by at least 30% during the past five years.

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Rocky Mountain Dealerships Inc. (TSX: RME) – $9.86
Heavy Machinery & Vehicles

Rocky Mountain Dealerships Inc. is an agriculture equipment dealer with a network of full-service agriculture and industrial equipment stores across the Canadian Prairie Provinces. The Company operates in two segments: agriculture segment and industrial segment. The agriculture segment primarily includes sales of agricultural equipment, parts and services, and the industrial segment includes sales of industrial equipment, parts and services. Through its subsidiaries, the Company sells, leases, and provides product and warranty support for a range of agriculture and industrial equipment in Western Canada.

  • Market Cap: $191,127,088
  • 5 Year Dividend Per Share Increase: 155.6%
  • TTM Dividend Per Share: 0.46

Enerflex Ltd. (TSX: EFX) – $18.38
Oil Related Services and Equipment

Enerflex Ltd. is a Canada-based supplier of natural gas compression, oil and gas processing, refrigeration systems and electric power equipment. The Company’s in‐house resources provide the capability to engineer, design, manufacture, construct, commission and service hydrocarbon handling systems. The Company operates through three segments: Canada, USA and Rest of World. Its solutions include field production facilities, compression and natural gas processing plants, carbon dioxide processing plants, refrigeration systems, and electric power equipment serving the natural gas production industry.

  • Market Cap: $1,627,188,715
  • 5 Year Dividend Per Share Increase: 41.7%
  • TTM Dividend Per Share: 0.34

Laurentian Bank of Canada (TSX: LB) – $54.74

Laurentian Bank of Canada is a Canada-based Chartered bank. The Bank and its subsidiaries provide banking services to individuals, and small and medium-sized enterprises, as well as to independent advisors across Canada. It also operates as a full-service brokerage firm. The Bank’s loan portfolio consists of personal loans, residential mortgage loans, commercial mortgage loans and commercial loans, including acceptances and finance lease receivables. The Bank offers financing products, such as Visa credit cards, Personal line of credit, Personal loan and Student loan. Its mortgage products include Homeowner’s Kit, Equity line of credit, Mortgage with cashback, Variable-rate mortgage and Fixed-rate mortgage.

  • Market Cap: $1,865,175,507
  • 5 Year Dividend Per Share Increase: 39.1%
  • TTM Dividend Per Share: 2.42

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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