Our articles have covered many different Canadian high-dividend stocks over the past year mainly due to the fact that they pay monthly dividends with good dividend coverage. This stock yields 9.74%, with a dividend payout ratio of just 50.64%. Its 2016 acquisitions have grown sales by 21%, EBITDA by 57%, and net earnings by 53% in the most recent four quarters. Analysts are forecasting 26% earnings growth in 2017. This stock is undercovered - it only has 4-6 analysts following it, and hasn't been covered on Seeking Alpha in over 1 year.
We went back across the border this week to profile another Canadian equity, CanWel Building Materials Group Ltd. (OTC:CWXZF), a small cap stock which hasn't received much coverage in the financial press. CanWel Building Materials Group is one of North America's largest distributors of building materials and home renovation products serving the new home construction, home renovation and industrial markets. CanWel also operates nine wood preservation plants that produce quality treated wood products. Management has kept its quarterly payout steady at $.14/share since June 2014 after its 1-for-2 stock split in May 2014. Prior to that, it was $.07/share. CWX's Dividend Payout Ratio is listed as being around 55% on the various financial websites, which means that it's based on a dividends-to-comprehensive income calculation.
Source: Seeking Alpha
Related Articles:
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- 6 Higher Yielding Basic Materials Stocks With Growing Dividends
- 7 Dividend Growth Stocks That Could Make You Wealthy
- A Roadmap To Build Wealth With Dividend Stocks
- High-Yield Managed Distribution Policy Funds
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