Shaw Communications And Other Top Dividend Stocks
Shaw Communications 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 play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. I’ve made a list of other value-adding dividend-paying stocks for you to consider for your investment portfolio.
Shaw Communications Inc. (TSX:SJR.B)
Shaw Communications Inc. operates as a diversified communications company in North America. Established in 1966, and headed by CEO Bradley Shaw, the company employs 14,000 people and with the stock’s market cap sitting at CAD CA$13.61B, it comes under the large-cap stocks category.
SJR.B has a enticing dividend yield of 4.43% and their payout ratio stands at 101.58% . The company’s dividends per share have risen from $0.72 to $1.19 over the last 10 years. They have been dependable too, not missing a single payment in this time. More on Shaw Communications here.
Power Corporation of Canada (TSX:POW)
Power Corporation of Canada operates as a diversified international management and holding company with interests primarily in the financial services, communications, and other business sectors in Canada, the United States, and Europe. Established in 1925, and run by CEO Paul Desmarais, the company employs 30,259 people and with the company’s market capitalisation at CAD CA$14.99B, we can put it in the large-cap group.
POW has a juicy dividend yield of 4.46% and is paying out 41.83% of profits as dividends , with the expected payout in three years hitting 44.48%. POW’s dividends have seen an increase over the past 10 years, with payments increasing from $0.97 to $1.43 in that time. Much to the delight of shareholders, the company has not missed a payment during this time. The company recorded earnings growth of 64.91% in the past year, comparing favorably with the ca insurance industry average of 20.03%. Interested in Power of Canada? Find out more here.
Fortis Inc. (TSX:FTS)
Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean. Started in 1885, and currently run by Barry Perry, the company now has 8,000 employees and with the stock’s market cap sitting at CAD CA$18.27B, it comes under the large-cap category.
FTS has a wholesome dividend yield of 3.96% and is paying out 63.90% of profits as dividends , and analysts are expecting a 68.34% payout ratio in the next three years. In the last 10 years, shareholders would have been happy to see the company increase its dividend from $1 to $1.7. They have been reliable as well, ensuring that shareholders haven’t missed a payment during this 10 year period. Interested in Fortis? Find out more here.
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.
