Top Dividend Paying Stocks
High Liner Foods 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. A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. I’ve made a list of other value-adding dividend-paying stocks for you to consider for your investment portfolio.
High Liner Foods Incorporated (TSX:HLF)
High Liner Foods Incorporated processes and markets frozen seafood products in Canada and the United States. Established in 1899, and now run by Henry Demone, the company currently employs 1,293 people and with the market cap of CAD CA$463.99M, it falls under the small-cap category.
HLF has an alluring dividend yield of 5.29% and has a payout ratio of 12.26% . The company’s DPS have increased from $0.1 to $0.58 over the last 10 years. It should comfort existing and potential future shareholders to know that HLF hasn’t missed a payment during this time. Analysts are enthusiastic about the company’s future growth, estimating a 43.3% earnings per share increase over the next 12 months.
AGT Food and Ingredients Inc. (TSX:AGT)
AGT Food and Ingredients Inc. produces and exports pulses, staple foods, and food ingredients worldwide. Formed in 2009, and currently headed by CEO Murad Al-Katib, the company employs 1,900 people and has a market cap of CAD CA$440.14M, putting it in the small-cap category.
AGT has a decent dividend yield of 3.30% and is currently distributing -42.67% of profits to shareholders , with an expected payout of 32.13% in three years. AGT’s dividends have seen an increase since they started paying dividends 10 years ago, with payments increasing from $0.5 to $0.6 in that time. The company has been a reliable payer too, not missing a payment during this time. AGT Food and Ingredients has sustained a positive annual earnings growth over the past five years of 8.3%.
Exco Technologies Limited (TSX:XTC)
Exco Technologies Limited, together with its subsidiaries, designs, develops, manufactures, and sells dies, molds, components and assemblies, and consumable equipment for the die-cast, extrusion, and automotive industries. Founded in 1952, and run by CEO Brian Robbins, the company employs 6,517 people and has a market cap of CAD CA$422.02M, putting it in the small-cap group.
XTC has a sizeable dividend yield of 3.22% and is paying out 28.07% of profits as dividends . Over the past 10 years, XTC has increased its dividends from $0.06 to $0.32. During this period, the company has not missed a dividend payment – as you would expect from a company increasing their dividend.
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.
