Financial Dividend Stocks Of The Month: Accord Financial And More
The fortunes of financial services companies often follow that of the broader economy. Firms in this sector offer services ranging from investment banking to consumer finance. Downturns can hit financial services companies hard as net interest margins shrink and credit losses grow. However, in good times, they report steady profits and many pay attractive dividends. I’ve made a list of other value-adding dividend-paying stocks in the financial industry for you to consider for your investment portfolio.
Accord Financial Corp. (TSX:ACD)
ACD has a good dividend yield of 3.87% and their payout ratio stands at 51.68% . The company’s DPS have increased from $0.22 to $0.36 over the last 10 years. It should comfort existing and potential future shareholders to know that ACD hasn’t missed a payment during this time. Comparing Accord Financial’s PE ratio against the Global Diversified Financial Services industry draws favorable results, with the company’s PE of 13.4 being below that of its industry (17.5).
Olympia Financial Group Inc. (TSX:OLY)
OLY has a substantial dividend yield of 6.09% and their current payout ratio is 84.61% . Although investors would have seen a few years of reduced payments, it has so far always picked up again, with dividends increasing from $0.8 to $2.04 over the past 10 years. Olympia Financial Group’s earnings per share growth of 13.93% outpaced the ca capital markets industry’s 0.76% average growth rate over the last year.
Crown Capital Partners Inc. (TSX:CRWN)
CRWN has a enticing dividend yield of 5.47% and is currently distributing 83.11% of profits to shareholders . The company’s yield puts it among good company – the top 25% of the market. Analysts are optimistic on the company’s earnings in the next 12 months, estimating a 35.42% increase in EPS.
For more solid dividend payers to add to your portfolio, you can use our free platform to explore our 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.
