U.S. Markets closed

Best TSX Dividend Picks For The Day

Andy Nguyen

Becker Milk is one of our top dividend-paying companies that can help boost the investment income in your portfolio. These stocks are a safe way to create wealth as their stable and constant yields generally hedge against economic uncertainty and deliver downside protection. Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. As a long term investor, I favour these great dividend-paying stocks that continues to add value to my portfolio.

The Becker Milk Company Limited (TSX:BEK.B)

The Becker Milk Company Limited owns and manages retail commercial properties primarily in Ontario, Canada. Becker Milk was started in 1957 and with the market cap of CAD CA$27.85M, it falls under the small-cap group.

BEK.B has a juicy dividend yield of 5.20% and the company has a payout ratio of 72.10% . In the last 10 years, shareholders would have been happy to see the company increase its dividend from CA$0.60 to CA$0.80. They have been dependable too, not missing a single payment in this time. Becker Milk’s performance over the last 12 months beat the ca real estate industry, with the company reporting 41.83% EPS growth compared to its industry’s figure of 17.51%. More on Becker Milk here.

TSX:BEK.B Historical Dividend Yield Mar 26th 18

Chesswood Group Limited (TSX:CHW)

Chesswood Group Limited, a financial services company, operates primarily in the specialty finance industry. Founded in 1982, and currently lead by Barry Shafran, the company now has 120 employees and with the stock’s market cap sitting at CAD CA$212.80M, it comes under the small-cap stocks category.

CHW has an alluring dividend yield of 7.68% and pays 58.75% of it’s earnings as dividends . Over the past 10 years, CHW has increased its dividends from CA$0.68 to CA$0.84. The company has been a reliable payer too, not missing a payment during this time. Chesswood Group’s earnings growth over the past 12 months has exceeded the ca diversified financial industry, with the company reporting an EPS growth of 54.63% while the industry totaled -19.07%. Continue research on Chesswood Group here.

TSX:CHW Historical Dividend Yield Mar 26th 18

Rocky Mountain Dealerships Inc. (TSX:RME)

Rocky Mountain Dealerships Inc., through its subsidiaries, sells, leases, and provides support services for new and used agriculture and industrial equipment primarily in Canada and the United States. Formed in 1949, and currently lead by Garrett Ganden, the company employs 840 people and with the market cap of CAD CA$247.49M, it falls under the small-cap category.

RME has a decent dividend yield of 3.70% and is paying out 39.00% of profits as dividends . The company’s DPS has increased from CA$0.18 to CA$0.46 over the last 10 years. The company has been a dependable payer too, not missing a payment in this 10 year period. Continue research on Rocky Mountain Dealerships here.

TSX:RME Historical Dividend Yield Mar 26th 18

For more solid dividend paying companies to add to your portfolio, explore this interactive list of top dividend payers.

To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.

The author is an independent contributor and at the time of publication had no position in the stocks mentioned.