Three TSX Dividend-Paying Stocks on Investors' Radar

2 min read | October 28, 2024 01:36 AM EDT | By Team Kalkine Media

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Three TSX Dividend-Paying Stocks on Investors' Radar — Image source: Shutterstock

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Highlights

Savaria Corporation offers a 2.4% dividend yield with a stable history and expected future payout sustainability.

Gamehost Inc. provides a higher 4.6% yield, driven by consistent earnings growth and prudent reinvestment.

Rogers Communications Inc. maintains a reliable 3.9% yield with a decade of steady dividend growth and strong cash flows

As dividend season approaches, several stocks are garnering attention for their upcoming payouts. Here’s a closer look at Savaria Corporation (TSX:SIS), Gamehost Inc. (TSX:GH), and Rogers Communications Inc. (TSX:RCI.B)—three companies set to reward shareholders soon.

Savaria Corporation (TSX:SIS)

Upcoming Dividend: CA$0.045 per share on November 12th, 2024
Dividend Yield: 2.4%
Track Record: Savaria has been a stable dividend payer, with consistent annual payments. Since 2014, its dividend has grown from CA$0.08 to CA$0.54 annually, demonstrating reliability.
Financial Health: The company's dividends are covered, with a payout ratio of 80% of earnings, but stronger cash flows suggest plenty of room for reinvestment. Savaria's projected earnings per share (EPS) are set to rise by 28.5% over the next year, making its future dividend payouts sustainable, with an estimated payout ratio of 73%.

Gamehost Inc. (TSX:GH)

Upcoming Dividend: CA$0.04 per share on November 15th, 2024 (Ex-dividend date: October 31st, 2024)
Dividend Yield: 4.6%
Track Record: Gamehost has consistently returned value to shareholders. Over the past five years, it has achieved a steady 7.1% annual growth in earnings per share (EPS), driven by reinvestment of more than half of its earnings.
Financial Health: With a trailing yield of 4.6%, Gamehost remains an attractive option for income-focused investors. The company's dividend payments are supported by solid earnings growth and prudent capital allocation.

Rogers Communications Inc. (TSX:RCI.B)

Upcoming Dividend: CA$0.50 per share on January 3rd, 2025
Dividend Yield: 3.9%
Track Record: Rogers has been a reliable dividend payer for over a decade. The company has grown its annual dividend payment from CA$1.83 in 2014 to CA$2.00, showcasing stability and slow yet steady growth.
Financial Health: With a payout ratio of 71% of earnings and higher cash flows, Rogers has ample capacity for reinvestment in its operations. The steady increase in dividends, coupled with its strong cash position, makes it a reliable pick for dividend investors.

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