The company froze the dividend in 2008 when it was being taken private by a group led by the Ontario’s Teachers Plan. The growth, safety, and current yield of the dividend. Known for its software-oriented security services, Blackberry is a popular name in the tech industry. August 8, 2020 6:45 am. But unlike stocks under $10 or stocks under $20, stocks under $5 are in a separate category. Monthly dividend stocks reward investors with consistent, monthly income for retirement or overall portfolio growth. What is being made abundantly clear is that warehouse and distribution spaces will remain in high demand as the shift to eCommerce is here to stay. Bank of America has a Buy rating and $5.80 price target for NOK stock. Now yielding 6%, trading at 13 times forward earnings and at a 28% discount to analysts one-year target prices, TC Energy is looking quite attractive for those looking to lock in a high income at attractive valuations. narrowed the vast number of dividend-paying, under-$5 stocks by including only those companies based in the U.S. with a yield above 2%. Financials and insurers in particular were among the worst performing industries in 2020. Market Cap: $767 millionForward P/E: 24.83Yield: 3.19%Dividend Growth Streak: 7 yearsPayout Ratio (Earnings): 82.80%Payout Ratio (Free Cash Flows): Premium Members OnlyPayout Ratio (Operating Cash Flows): Premium Members Only1 Yr Div Growth Rate: 4.30%5 Yr Div Growth Rate: Premium Members OnlyStocktrades Growth Score: Premium Members OnlyStocktrades Dividend Safety Score: Premium Members Only. ET Sunday and 5:30 p.m. They are among the most reliable income stocks in the world. However, some of these tickers are ETF and closed-end funds, not just company stocks. The Bank of Nova Scotia has grown its dividend every year since 2010, during which time it averaged approximately 6% annual dividend growth. Yahoo is part of Verizon Media. They are all excellent Canadian Blue Chip stocks. Right off the bat, if you’re below 30, generally speaking, you have a … Top Ranked Dividend Stocks With Insider Buying Top Dividend Stocks 2016-2021 Best Dividend Stocks Analysts Like in the S&P Best Dividend Paying Stocks Analysts Like in the Dow 10 Cheap Dividend Stocks Under $10 10 Low Priced Dividend Stocks Under $5 Top High Dividend Yield Stocks 2016-2021 Broker Darlings: Top 15 Analyst Picks of the Dow The company has a 10-year dividend growth streak and the dividend has grown by 16.75% on an annual basis over that time. The company is currently trading inline with historical averages, and is neither cheap, nor expensive compared to its peers. Lee Jackson. The dividend is $0.11 per quarter, yielding an impressive 9.42%. Overview Dividend All-Stars Top 100 Dividend Stocks Past Performance Methodology How to use this table We pack a plethora of information about the Dividend All-Stars into these tables. 7 Top Stocks Under $5 These penny stocks show solid growth potential By Divya Premkumar , InvestorPlace Contributor Aug 28, 2020, 9:37 am EST August 28, 2020 Why has the Bank of Nova Scotia (TSX:BNS) made our list over some of the others? Amidst the ongoing pandemic, industrial REITs have been among the best performing in the Real Estate Sector. As the largest utility in the country, Fortis is arguably one of the most defensive stocks to own. Magna supplies car companies with a wide range of parts, including many parts required for the production of electric vehicles and self driving cars. Not only that, but Magna proved this year to have a resilient business. 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Tyler is an individual investor and has been investing in stocks, REITs, and private real estate for over 10 years. 7 Top Stocks Under $5 These penny stocks show solid growth potential By Divya Premkumar , InvestorPlace Contributor Aug 28, 2020, 9:37 am EST August 28, 2020 Considering the company’s current payout ratio is at the low end of its historical range, and the earnings growth coming from Intact’s acquisitions, there is no reason the company shouldn't be able to keep the dividend growth inline with its past growth. The Securities and Exchange Commission (SEC) considers stocks that trade under $5 to be penny stocks. Given the strong results posted by Canada’s banks during this pandemic, we believe that it is only a matter of time before Canada’s Big Banks receive the green light to once again raise dividends. The hottest stocks in Canada in recent years have been cannabis stocks, but they’ve also been extremely volatile—in both directions.Moves of 10% and even 20% are not uncommon. The 2008 Financial Crisis halted all the dividend growth streaks of Canada’s Big Banks. U.S. stocks dove last month on concern of a double-dip recession. In Canada, it is steady as it goes. However, these fears have proved to be overblown. Despite facing considerable industry headwinds, TC Energy continues to generate a ton of cash. This is in stark contrast to what happened worldwide. In November, Intact announced it is acquiring RSA Insurance. A similar phenomenon is happening today. Remember, these insurers are in much better shape than they were during the Financial Crisis. A new addition to our dividend list, Magna (TSX:MG) is establishing itself as a strong dividend stock worthy of investors consideration. Today, the best positioned to do so is Royal Bank. Market Cap: $20.7 billionForward P/E: 16.49Yield: 2.29%Dividend Growth Streak: 15Payout Ratio (Earnings): 54.60%Payout Ratio (Free Cash Flows): Premium Members OnlyPayout Ratio (Operating Cash Flows): Premium Members Only1 Yr Div Growth Rate: 9.21%5 Yr Div Growth Rate: Premium Members OnlyStocktrades Growth Score: Premium Members OnlyStocktrades Dividend Safety Score: Premium Members Only. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. The company has an 11-year dividend growth streak over which time it has averaged approximately 5% annual dividend growth. The company has guided that it intends to grow the dividend 7% in 2021 and 5-7% in the years after that. You can invest in international stocks on your own with a Schwab One ® brokerage account or call our Global Investing Services team at 800-992-4685 to speak with a dedicated broker about foreign trading. * 9 Monthly Dividend Stocks to Buy to Pay the Bills In addition to this, the company also has a number of new clinical trials that will be initiated in 2021. A high yielding income stock may be placed lower on this list due to safety, and a low yielding stock could be placed higher on this list due to the company's dividend growth. If you want the true best of the best, click here to get started for free. Office REITs have been among the hardest hit industries in this pandemic. Insurers are much better capitalized and are now better suited to navigating the current crisis. Here are the 5 dividend stocks in Canada that I think would make a great addition to your dividend investing portfolio. These companies are priced under $5 yet still pay investors every 30 days like clockwork. Today we have discovered four Canadian dividend stocks trading on the TSX that have the potential to increase their dividend payout in the next year. Global pays a dividend $0.26, a great yield for a dividend stock under $5. Although the Feds have asked Canada’s banks not to raise the dividend during the pandemic, there is no current risk of a dividend cut at the Bank of Nova Scotia. Kronos is among the cheap dividend stocks you can buy for under $15 per share, and in fact, the stock is still down about 6% year-to-date. Welcome to one of Canada's most popular dividend stock lists, compiled by Kyle Prevost with the help of Canada's foremost dividend stock expert, Mike from Dividend Stocks Rocks (click this link for 45% discount for Mike's premium newsletter). Over the last two quarters provisions for credit losses spiked, yet despite this the dividend remains well covered. Given our current environment of uncertainty, dividend safety and reliability is the main reason why Fortis is our top dividend stock in Canada. This list also doesn't contain any stocks we have highlighted over at Stocktrades Premium. ASE Technology Holding Co., ... Headquartered in Canada BB is another major stock trading under $5, which is a participant in the 5G race. The risk of a dividend cut, in our opinion, is extremely low. Combine strong dividend growth with an attractive yield (3.93%) and you are looking at the top income stock to own in Canada today. The monthly top 10 rarely have the same top 10 stocks. Reflected Annually. For more risk-tolerant investors, penny stocks, or names trading for less than $5 per share, are taking center stage. Currently, the dividend accounts for 103% of adjusted earnings. Reflected Annually, Dividend Suspended Temporarily. List of Monthly Dividend Stocks Under $5 The four selected stocks were chosen from a sample size of 57 companies with a market capitalization under $5 billion, the average dividend yield of our sample is 5… When it comes to moat and reach, BCE (TSX:BCE) ranks up there with the best. If you are looking for cheap dividend stocks under $5, then here is a list of some of the best ones we found. This site/free resource is for Canadian Investors looking to list, find, compare, sort and search Dividend stocks on the Toronto Stock Exchange (TSX/TSE) stock market. European Banks have been forced to cut the dividend, and some US banks such as Wells Fargo have also cut this year. As of writing, the Bank of Nova Scotia’s 5.29% yield is the highest of the Big 5 banks. One of the biggest drawbacks with the company is the high payout ratios. BCE currently yields an attractive 6.07%, which is above its historical averages. However, Royal Bank is certainly one of the best. Yield. 5 year dividend adjusted return of RY vs the TSX: Market Cap: $134.20 billion Forward P/E: 12.51 Yield: 4.58% Dividend Growth Streak: 9 Payout Ratio (Earnings): 54.54% Market Cap: $68 billionForward P/E: 11.14Yield: 5.29%Dividend Growth Streak: 9 yearsPayout Ratio (Earnings): 67.30%Payout Ratio (Free Cash Flows): Premium Members OnlyPayout Ratio (Operating Cash Flows): Premium Members Only1 Yr Div Growth Rate: 6.40%5 Yr Div Growth Rate: Premium Members OnlyStocktrades Growth Score: Premium Members OnlyStocktrades Dividend Safety Score: Premium Members Only. 7 Stocks To Buy Under $5. Although there are certainly trends worth monitoring, the need for office space will remain, and it may just look slightly different. Given this, Magna can be counted on to keep its dividend growth streak going. However, Colony Capital easily covers their dividend via FFO. Continue reading however for detailed research. This was created for personal use*, but I hope that others can find it useful as there doesn't seem to be a free resource on the net with this information arranged in this format. 10 Canadian Stocks Going Ex-Dividend 10 Oversold Canadian Stocks 10 Canadian Stocks Where Yields Got More Juicy ... All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. All of the stocks listed below are now under $5 apiece. Intact has proven its resilience before as well. Market Cap: $4.52 billionForward P/E: 18.75Yield: 3.84%Dividend Growth Streak: 10 yearsPayout Ratio (Earnings): 81.02%Payout Ratio (Free Cash Flows): Premium Members OnlyPayout Ratio (Operating Cash Flows): Premium Members Only1 Yr Div Growth Rate: 3.4%5 Yr Div Growth Rate: Premium Members OnlyStocktrades Growth Score: Premium Members OnlyStocktrades Dividend Safety Score: Premium Members Only. Stocks continue to hit new all-time highs, and the price-to-earnings ratios of most S&P 500 companies make purchasing shares look like an expensive proposition. Stocks that are defensive in nature and more reliable during economic downturns have seen an increase in ranking. Intact is pretty much at the exact same price it was one year ago. Buy some cannabis. The information on Stocktrades.ca represents the views of the authors and should not be misconstrued as advice. We can’t talk about the top dividend stocks in Canada without mentioning one of Canada’s pipelines. Dow stocks are getting investors' attention, but Chimera Investment is one under-$5 stock that offers investors an outsized dividend. At 47-years long, the company will be among the first Canadian stocks to reach Dividend King status – a prestigious status reserved for those who have raised the dividend for at least 50 consecutive years. Savaria is a former Stocktrades Bull List stock, brought to the attention of our Stocktrades Premium members in 2018. Fortis is currently trading at 17.46 times forward earnings and 1.36 times book value. Through 2024, Fortis expects to raise the dividend by 6% annually – inline with historical averages. We've been keeping track of what we believe is hands down the best list of dividend cuts that have happened during the pandemic. Review the Chowder Rule along with the 3, 5, and 10 year ratios for dividend growth, EPS growth and the payout ratio to pick a solid investment for your portfolio. As the pandemic hit, fears of a recession dragged financials to valuation levels not seen since the 2008 Financial Crisis. Now yielding 3.98% (above its 5-year historical average), the Royal Bank is deserving of its place among Canada’s top dividend stocks. It has an industry leading debt-to-gross book value (24%) and interest coverage ratio (8.8x). But first, allow me to explain the methodology behind our top picks. The TSX-listed Canadian dividend stocks we’ve discovered have an average yield of 5.4% with an average return of 48.5% in 2019. Intact has raised its dividend every year for the last 15 years, so even during the 2008 Financial Crisis Intact was able to grow its dividend, showing just how reliable Intact’s dividend growth is. It is the second-largest midstream company in the country and owns a 20-year dividend growth streak. Dividend Yield: 5.75%; Dividend Payout Ratio: 61.78%; Market Cap: $1.32 billion; After a large acquisition that shows that Transcontinental wants to become a top player in the packaging business and with a very healthy dividend yield of 5.75%, Transcontinental stock is one of my best Canadian dividend stock picks. The company is ideally situated to benefit from an aging population. Not surprising as BCE is one of the most consistent and reliable stocks in the country. Intact expects the deal to increase earnings per share by 6-9% next year and by over 15% within three years. The deal is worth $5.1 billion and Intact is paying just 0.9x book value for the acquisition. If you ask me, I’ll recommend every investor/investment portfolio to have a couple of high paying but stable dividend stocks (blue chips of course). 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