SmartCentres Real Estate Investment Trust is one of the top dividend stocks I think are worth considering today. Dividend stocks are a great way to hedge your portfolio as they provide both steady income and cushion against market risks. 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.
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 run by J. Thomas, the company currently employs 336 people and with the stock’s market cap sitting at CAD CA$4.65B, it comes under the mid-cap stocks category.
SRU.UN has an appealing dividend yield of 5.96% and the company has a payout ratio of 90.94% . SRU.UN has increased its dividend from CA$1.55 to CA$1.75 over the past 10 years. They have been dependable too, not missing a single payment in this time. More on SmartCentres Real Estate Investment Trust here.
First Capital Realty Inc. (TSX:FCR)
First Capital Realty Inc. acquires, develops, redevelops, owns, and manages urban retail-centered real estate properties in Canada. Formed in 1957, and currently headed by CEO Adam Paul, the company size now stands at 360 people and has a market cap of CAD CA$4.95B, putting it in the mid-cap category.
FCR has a enticing dividend yield of 4.23% and the company currently pays out 33.25% of its profits as dividends . FCR’s dividends have seen an increase over the past 10 years, with payments increasing from CA$0.80 to CA$0.86 in that time. It should comfort existing and potential future shareholders to know that FCR hasn’t missed a payment during this time. First Capital Realty’s earnings per share growth of 65.42% over the past 12 months outpaced the ca real estate industry’s average growth rate of 3.57%. Interested in First Capital Realty? Find out more here.
Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN)
CAPREIT owns interests in multi-unit residential rental properties, including apartments, townhomes and manufactured home communities primarily located in and near major urban centres across Canada. Started in 1997, and headed by CEO David Ehrlich, the company provides employment to 883 people and with the market cap of CAD CA$5.02B, it falls under the mid-cap category.
CAR.UN has a sizeable dividend yield of 3.62% and their current payout ratio is 20.72% . Over the past 10 years, CAR.UN has increased its dividends from CA$1.08 to CA$1.28. The company has been a dependable payer too, not missing a payment in this 10 year period. Canadian Apartment Properties Real Estate Investment Trust’s performance over the last 12 months beat the ca reits industry, with the company reporting 90.41% EPS growth compared to its industry’s figure of 25.24%. Interested in Canadian Apartment Properties Real Estate Investment Trust? Find out more here.
For more solid dividend paying companies to add to your portfolio, explore this interactive list of top dividend payers. Or create your own list by filtering TSX companies based on fundamentals such as intrinsic discount, health score and future outlook using this free stock screener.
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.