High Arctic Energy Services is one of companies on my list of top dividend stocks. Dividend stocks are a safe bet to increase your portfolio value as they provide both steady income and cushion against market risks. Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. Today I will share with you my best paying dividend shares you should be considering for your portfolio.
High Arctic Energy Services Inc (TSX:HWO)
High Arctic Energy Services Inc. provides oilfield services in Canada and Papua New Guinea. Started in 1993, and headed by CEO J. Bailey, the company now has 711 employees and with the stock’s market cap sitting at CAD CA$198.38M, it comes under the small-cap group.
HWO has a large dividend yield of 5.12% and their current payout ratio is 51.94% , with analysts expecting the payout ratio in three years to be 70.59%. While there’s been some fluctuation in the yield over the last 10 years, the dividends per share have increased in this time. High Arctic Energy Services is also reasonably priced, with a PE ratio of 10.2 that compares favorably with the CA Energy Services average of 20.6. Dig deeper into High Arctic Energy Services here.
Allied Properties Real Estate Investment Trust (TSX:AP.UN)
Allied is a leading owner, manager and developer of distinctive urban workspace in Canada’s major cities. Started in 2002, and headed by CEO Michael Emory, the company employs 241 people and with the market cap of CAD CA$3.85B, it falls under the mid-cap stocks category.
AP.UN has a decent dividend yield of 3.73% and their payout ratio stands at 37.62% , with analysts expecting a 55.07% payout in the next three years. AP.UN’s DPS have risen to CA$1.56 from CA$1.32 over a 10 year period. They have been reliable as well, ensuring that shareholders haven’t missed a payment during this 10 year period. More detail on Allied Properties Real Estate Investment Trust here.
SmartCentres Real Estate Investment Trust (TSX:SRU.UN)
SmartCentres is one of Canada’s largest real estate investment trusts with total assets of approximately $9.3 billion. Founded in 1945, and currently headed by CEO J. Thomas, the company now has 336 employees and with the stock’s market cap sitting at CAD CA$4.57B, it comes under the mid-cap group.
SRU.UN has a substantial dividend yield of 6.06% and distributes 90.94% of its earnings to shareholders as dividends . Over the past 10 years, SRU.UN has increased its dividends from CA$1.55 to CA$1.75. During this period, they haven’t missed a payment, as one would expect from a company increasing their dividend. Dig deeper into SmartCentres Real Estate Investment Trust here.
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.