AUS
NZ
UK
CA
USA
IND
While investors take keen note of a stock’s price fluctuations, there are other factors that influences one’s decisions when it comes to stock market investments. And one of them is whether a company pays dividends or not.
A dividend is a timely payout that a company makes to its shareholders, which is over and above any profit booked by selling of shares. On that note, let us look at five dividend-paying stocks to keep an eye on in May.
1. Labrador Iron Ore Royalty Corporation (TSX:LIF)
Labrador, which has business interests in the iron ore mining sector, presently holds a market cap of over C$ 2.68 billion. Its stocks, on the other hands, grew by about 29 per cent on this year.
The company’s three-year dividend growth stands at 23.29 per cent, while its dividend yield is 9.519 per cent at the moment, as per TMX.
Labrador Iron Ore last distributed a quarterly dividend of C$ 1 per share on March 5.
©Kalkine Group 2021
2. Keyera Corp (TSX: KEY)
Canadian energy company Keyera Corp’s present market cap is over C$ 6.2 billion. In December 2020, the company signed a 15-year agreement with Samsung Renewable for power purchase.
Keyera Corp’s monthly dividend of C$0.16 per share is set to be payable on May 17. Its three-year dividend growth is 5.36 per cent and its dividend yield at the moment is 6.83 per cent, as per TMX.
Stock-wise, Keyara expanded by about 24 per cent this year.
3. BCE Inc (TSX:BCE)
Nearly 30 per cent wireless carrier users in Canada are said to be customers of BCE Inc. A prominent player in the country’s telecom sector, BCE posts a market cap is nearly C$ 53 billion.
The company pays a quarterly dividend of C$ 0.875, which will be payable on July 15. Its dividend posts a three-year growth rate of 5.07 per cent and a dividend yield of 6.024 per cent.
BCE stock posts a year-to-date (YTD) growth of about seven per cent.
4. Choice Properties Real Estate Investment Trust (TSX:CHP.UN)
Choice Properties is an investor in the retail as well as the commercial property sector in Canada. Its market cap is about C$ 4.5 billion at the moment.
Choice Properties’ dividend grew by 2.53 per cent in the last five years. Its monthly dividend of C$ 0.062 will be payable on July 5.
Choice Properties stock has grown by over seven per cent YTD.
5. Manulife Financial Corporation (TSX:MFC)
Manulife Financial, which ranks among the top three life insurance companies in Canada, has a market cap of over C$ 52 billion.
Manulife’s quarterly dividend of C$0.28 per share was declared on February 10, 2021. The company’s three-year dividend growth is 10.85 per cent and its dividend yield is 4.15 per cent, as per TMX.
Manulife stock has grown by about 18 per cent YTD.
The above constitutes a preliminary view and any interest in stocks should be evaluated further from investment point of view.
