Top Canadian Dividend Stocks Yielding 5%+

The TSX-listed Canadian dividend stocks we’ve discovered have an average yield of 5.4% with an average return of 48.5% in 2019

SmallCapPower | January 2, 2020: Dividend-paying stocks can generate income for investors without having to sell shares. High dividend yields can be a good indicator that companies are growing their free cash flow and are more likely to have better returns than their peers with lower yields. Today we have discovered four Canadian dividend stocks with yields of at least 5% that have gained more than 30% in 2019.

*Share prices as at December 27, 2019, data obtained from S&P Capital IQ

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Exchange Income Corporation (TSX:EIF) – $45.85
Private Equity

Exchange Income Corp. is a diversified acquisition-oriented company, focused in two sectors: aerospace & aviation services and equipment, and manufacturing. The aerospace & aviation segment offers scheduled airline and charter services, and provides after-market aircraft, engines, and component parts to regional airline operators in Canada. The Company also offers maritime surveillance and support services in Canada, the Caribbean, and the Middle East. The manufacturing segment manufactures window wall systems used primarily in high-rise, multi-family residential projects. The Corporation uses a disciplined acquisition strategy to identify already profitable, well-established companies that have strong management teams, generate steady cash flow, operate in niche markets and have opportunities for organic growth.

  • Market Cap: $1,588.0M
  • 30-Day Return: +2.7%
  • YTD-Return: +61.1%
  • 30-Day Average Trading Volume: 86,420
  • Dividend Yield: +5.0%

Wall Financial Corporation (TSX:WFC) – $35.80
Real Estate Development

Wall Financial, together with its subsidiaries, operates as a real estate investment and development company in Canada. It operates through three segments: Rental, Hotel, and Development. The Company engages in the development, acquisition, and management of residential and commercial income-producing properties; development and sale of single and multi-family housing; and development and management of hotel properties. It owns and manages 1,400 residential and commercial rental units and 10 commercial units in 13 properties in Metro Vancouver; and 934 hotel units.

  • Market Cap: $1,215.5M
  • 30-Day Return: +22.5%
  • YTD-Return: +56.3%
  • 30-Day Average Trading Volume: 1,950
  • Dividend Yield: +5.6%

Chorus Aviation Inc. (TSX:CHR) – $8.21

Chorus Aviation engages in the airline business in Canada and the U.S. It provides Air Canada with scheduled passenger service under the Air Canada Express brand name. Chorus also provides charter services through a fleet of Bombardier aircraft for governments, corporate clients, and individuals. These services include ground handling, dispatching, flight load planning, training, and consulting services. Additionally, CHR is involved in aircraft leasing and contract flying activities, maintenance & repair provision, and overhaul.

  • Market Cap: $1,313.0M
  • 30-Day Return: +1.0%
  • YTD-Return: +44.1%
  • 30-Day Average Trading Volume: 244,740
  • Dividend Yield: + 5.8%

Cineplex Inc. (TSX:CGX) – $34.10
Movies and Entertainment

Cineplex is a Canada-based film exhibition company that owns and operates movie theatres across all 10 provinces. Operating through three segments: film entertainment & content, media & amusement, and leisure, the Company’s subsidiaries include Famous Players LP, Galaxy Entertainment Inc., Cineplex Digital Media Inc., Cineplex Digital Networks Inc., and Cineplex Starburst Inc. The Company also operates, a competitive eSports platform, as well as bars/restaurants, such as The Rec Room in Toronto.

  • Market Cap: $2,159.7M
  • 30-Day Return: +33.9%
  • YTD-Return: +33.6%
  • 30-Day Average Trading Volume: 722,860
  • Dividend Yield: +5.3%

Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.

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