Paying a dividend is a sign of cash-flow profitability, and the capacity to redistribute earnings to investors. The story gets interesting, then, when companies initiate a dividend program, which is often a sign of market confidence. That being said, the names on our list today have initiated a dividend payout program within the past year, and are on a short list of Canadian stocks to do so.
Dominion Diamond Corp. (TSX: DDC) – $14.56
Non-Gold Precious Metals & Minerals
Dominion Diamond Corporation is focused on the mining and marketing of rough diamonds to the global market. The Company has ownership interests in the Diavik and the Ekati group of mineral claims. The Diavik Joint Venture is an unincorporated joint arrangement between Diavik Diamond Mines (2012) Inc. (DDMI) and Dominion Diamond Diavik Limited Partnership (DDDLP) where DDDLP holds an undivided 40% ownership interest in the assets, liabilities and expenses of the Diavik Diamond Mine.
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Market Cap: $1,213,233,337
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Revenue (LTM): $996,951,805
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Operating Profit (LTM): $98,407,410
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Gross Dividends (LFQ): $22,295,888
Tahoe Resources Inc. (TSX: THO) – $9.92
Non-Gold Precious Metals & Minerals
Tahoe Resources Inc. is a mineral exploration, development and mine operating company. Its principal business activity is to operate the Escobal mine, a mining operation in southeastern Guatemala. The Escobal deposit is an intermediate-sulfidation fault-related vein formed within Tertiary sedimentary and volcanic rocks within the Caribbean plate. The Escobal vein system hosts silver, gold, lead and zinc, with an associated epithermal suite of elements, within quartz and quartz-carbonate veins.
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Market Cap: $2,270,193,137
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Revenue (LTM): $545,314,150
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Operating Profit (LTM): $105,504,407
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Gross Dividends (LFQ): $18,140,262
Stingray Digital Group Inc. (TSX: RAY.A) – $6.75
Broadcasting
Stingray Digital Group Inc is a Canada-based company that provides business-to-business multi-platform music and in-store media solutions. The Company offers music broadcasting and commercial music. Its product portfolio includes Stingray Music, Stingray Music Videos, Stingray Concerts, Stingray Karaoke, Stingray Ambiance, Stingray Lite TV and Stingray Business.
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Market Cap: $230,460,314
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Revenue (LTM): $74,009,000
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Operating Profit (LTM): $4,132,000
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Gross Dividends (LFQ): $1,523,000
Pivot Technology Solutions Inc. (TSXV: PTG) – $0.54
IT Services & Consulting
Pivot Technology Solutions, Inc. is a Canada-based provider of technology solutions and services that enable organizations to design, build, implement and maintain computing and communication infrastructure. The Company, through its portfolio companies, designs, sells, integrates and supports information technology (IT) solutions, including hardware, maintenance and support engaging clients in all aspects of their IT lifecycle management.
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Market Cap: $87,249,617
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Revenue (LTM): $1,813,368,165
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Operating Profit (LTM): $2,442,683
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Gross Dividends (LFQ): $504,006
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