Canadian Investors: 5 Hot Dividend Payers Yielding Over 15%

Source: Michail Petrov, Shutterstock

As stock market volatility continues worldwide, long-term investors are exploring dividend-paying stocks. We explore five hot dividend-paying stocks with high dividend yields of above 15 per cent. The price of a stock is inversely proportional to its dividend yield. 

These Toronto Stock Exchange (TSX) and TSX Venture Exchange-listed stocks and Exchange-Traded Funds (ETFs) distribute dividends on a monthly, quarterly, and yearly basis.

First Trust AlphaDEX U.S. Health Care ETF (TSX: FHH)

This fund tracks US Healthcare index and tries to replicate its growth. It delivers a quarterly dividend of C$ 2.07 per unit and holds an amazing dividend yield of 22.635 per cent.

First Trust ETF has a return on equity of 16.15 per cent. It has grown 29.30 per cent in one year. Its current price is C$ 36.58 per unit.

North American Financial 15 Split Corp. (TSX: FFN)

The investment company actively manages its portfolio of large-cap financial companies from North America. It offers a monthly cash distribution of C$ 0.113 per piece and a dividend yield of 19.828 per cent.

This mutual fund stock has increased by 67.31 per cent year-to-date and gained 113.70 per cent in the last six months. The stock has surpassed the TSX Composite index in the last one year.  

Source: Kalkine Group @2021

Dividend 15 Split Corp. (TSX: DFN)

This mutual fund corporation also pays a monthly cash dividend of C$ 0.10 per common share to its shareholders by investing in high-quality dividend yielding Canadian firms.

Its current dividend yield is 16.461 per cent.

The fund has returned over 19 per cent in one year and risen nearly 8 per cent this year. Its current share price is C$ 7.29 per common share.

Brompton Lifeco Split Corp. (TSX: LCS)

The mutual fund firm holds a portfolio that includes Canadian insurance companies. It gives a monthly dividend of C$ 0.075 per share, with a dividend yield of 15.15 per cent.

It has a remarkable share price growth of 145.93 per cent in one year, overtaking the benchmark index that has a relatively one-year growth of 86.23 per cent. It has a current stock price of C$ 6.05 per piece. 

Advent-AWI Holdings Inc. (TSXV: AWI)

The retailer company provides wireline and wireless communication services, such as high-speed data, television connections across Canada. It has an annual dividend of C$ 0.15 per stock and a current dividend yield of 15.152 per cent.

The consumer stock is up 25.87 per cent in one year and currently trading at C$ 0.99 per common share. It also has earnings per share of 0.08 and a return on equity of 5.53 per cent. 

Comment


Disclaimer

   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK