3 Dividend-Paying Canadian Penny Stocks To Buy In May

2 min read | May 05, 2021 04:58 AM EDT | By Team Kalkine Media

3 Dividend-Paying Canadian Penny Stocks To Buy In May — Image source: Vitalii Vodolazskyi, Shutterstock

Newport Exploration Ltd. (TSXV:NWX)

Newport Exploration was incorporated in 1979, and the company holds 100 per cent interest in Chu Chua sulphide project in British Columbia. It has a market cap of over C$43 million, and the price-to-book (P/B) ratio is 5.85.

The company pays dividend of C$0.01 per share on a quarterly basis and the last dividend payable date was March 12, 2021. The stock’s dividend yield is 9.87 per cent.

Newport Exploration’s stock has declined 21.15 per cent over last 3 months.

The scrips’ return on equity (RoE) is 76 per cent while return on assets (RoA) is over 69 per cent, as per data on TMX.

@Kalkine Image 2021

Input Capital Corp. (TSXV:INP)

Input Capital is into flexible financing business with canola farmers. The company helps them with working capital and mortgage financing. In February this year, the company acquired SRG Security Resource Group Inc.

Input Capital has a market cap of over C$51 million, with P/B ratio of 0.76.

It pays a quarterly dividend of C$0.01. The last dividend payable date was April 15, 2021. The stock’s dividend yield is 4.7 per cent.

The stock has declined 5.56 per cent over last three months. RoA and RoE is 1.85 per cent and 2.27 per cent, respectively.

Diversified Royalty Corp. (TSX:DIV)

This Vancouver-headquartered company acquires royalties from businesses and franchisors. Its market cap is over C$308 million.

Diversified Royalty Corp. declares monthly dividend. The next dividend payable date is May 31, 2021, and the dividend is C$0.017 per share. Dividend yield of the stock is 7.9 per cent.

The stock is up 5.39 per cent over three-month period.

Its P/B ratio is 1.6 while price-to-cash flow is 13.6.

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