The U.S. and Canadian dividend stocks and ETFs on our list have an above-average yield and no debt
SmallCapPower | October 31, 2019: Investors chasing yield should be wary of companies with big payouts but loaded with debt that puts it at risk of having to cut its dividend. Today we have identified four U.S. and Canadian dividend stocks and ETFs with an above-average yield and no debt.
*Share prices at October 29, 2019, data obtained from S&P Capital IQ
Moelis & Company (NYSE:MC) – $32.10
Financial Services
Moelis & Company is an investment bank that provides strategic and financial advisory services in the U.S. and internationally. It has strategic alliances with Sumitomo Mitsui Banking Corporation and SMBC Nikko Securities Inc.; and Alfaro, Dávila y Scherer, S.C. Moelis & Company was founded in 2007 and is headquartered in NYC.
- Market Cap: $1,580M
- Dividend yield 10.1%
- Payout Ratio (LTM): 8.7%
CI First Asset Canadian REIT ETF (TSX:RIT) – $18.68
Hotels, Resorts and Cruise Lines
CI First Asset Canadian REIT ETF is an Exchange Traded Fund (ETF) managed by First Asset Investment Management Inc. The fund invests in the public equity markets focused on the real estate sector, across all market capitalizations. The fund managers use a combination of fundamental and quantitative analysis, with a focus on factors such as company analysis, attractive risk/reward profile, and due-diligence to create its portfolio. The fund benchmarks the performance of its portfolio against the S&P/TSX Capped REIT TR Index. It conducts proprietary research to create its portfolio. CI First Asset Canadian REIT ETF was formed on October 28, 2004.
- Market Cap: $578M
- Dividend yield 4.3%
- Payout Ratio (LTM): 39.8%
Investors Title Company (NASDAQ:ITIC) – $160.60
Investors Title Company
Investors Title Company provides title insurance for residential, institutional, commercial, and industrial properties in 23 states and the District of Columbia. Investors Title Company was founded in 1972 and is headquartered in North Carolina.
- Market Cap: $303M
- Dividend yield 7.6%
- Payout Ratio (LTM): 13.2%
iShares S&P/TSX Capped REIT Index ETF (TSX:XRE) – $19.77
Real Estate
iShares S&P/TSX Capped REIT Index ETF is an ETF managed by BlackRock Asset Management. The fund invests in the public equity markets of Canada and is focused on investing in the real estate sector, including real estate investment trusts across all market capitalizations. iShares S&P/TSX Capped REIT Index ETF was formed on October 17, 2002.
- Market Cap: $1,396M
- Dividend yield: 4.2%
- Payout Ratio (LTM): 36.7%
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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