Why has the Bank of Nova Scotia (TSX:BNS) made our list over some of the others? Find out more about how we use your information in our Privacy Policy and Cookie Policy. That's just one reason why Apple and Tesla recently chose to … 3 Top Stocks Under $5 ... Canadian marijuana stocks such as Aphria had their day in the sun as Canada was preparing to legalize cannabis. These companies are priced under $5 yet still pay investors every 30 days like clockwork. This is slightly below the industry averages of 20.37 and 1.72 respectively. In the third quarter (which reflected a full quarter of COVID-19 economic mitigation efforts) Savaria’s earnings were flat YoY and beat analysts’ estimates by 33%. Analysts estimated earnings would drop by 14% in 2020 as COVID-19 was expected to stunt growth. Stocktrades offers strictly investment opinions, not investment advice. This was created for personal use*, but I hope that others can find it useful as there doesn't seem to be a free resource on the net with this information arranged in this format. Building Your Easy $5000 Canadian Dividend Portfolio. Although there are certainly trends worth monitoring, the need for office space will remain, and it may just look slightly different. Over the last two quarters provisions for credit losses spiked, yet despite this the dividend remains well covered. Fortis is currently trading at 17.46 times forward earnings and 1.36 times book value. The company has a 10-year dividend growth streak and the dividend has grown by 16.75% on an annual basis over that time. Given this, Magna can be counted on to keep its dividend growth streak going. The company is now trading at a 15% discount to analysts’ target price of $17.75. However, some of these tickers are ETF and closed-end funds, not just company stocks. Intact expects the deal to increase earnings per share by 6-9% next year and by over 15% within three years. Since it went public in 1983, BCE has never missed a dividend payment, nor has it cut the dividend. https://www.marketbeat.com/market-data/low-priced-stocks/stocks-under-5 Magna supplies car companies with a wide range of parts, including many parts required for the production of electric vehicles and self driving cars. Monthly dividend stocks reward investors with consistent, monthly income for retirement or overall portfolio growth. It has been the top performing Big Five bank over the past 3, 5, and 10-year periods. As the pandemic hit, fears of a recession dragged financials to valuation levels not seen since the 2008 Financial Crisis. Stock Price: $0.74 (-$0.01) PE Ratio: -0.98. However, Royal Bank is certainly one of the best. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. Market Cap: $68 billionForward P/E: 11.14Yield: 5.29%Dividend Growth Streak: 9 yearsPayout Ratio (Earnings): 67.30%Payout Ratio (Free Cash Flows): Premium Members OnlyPayout Ratio (Operating Cash Flows): Premium Members Only1 Yr Div Growth Rate: 6.40%5 Yr Div Growth Rate: Premium Members OnlyStocktrades Growth Score: Premium Members OnlyStocktrades Dividend Safety Score: Premium Members Only. Discover three top dividend stocks trading under $5, the reasoning behind their stable dividends, and their unique positions within their industries. Market Cap: $49.6 billionForward P/E: 16.87Yield: 6.07%Dividend Growth Streak: 11 yearsPayout Ratio (Earnings): 103.42%Payout Ratio (Free Cash Flows): Premium Members OnlyPayout Ratio (Operating Cash Flows): Premium Members Only1 Yr Div Growth Rate: 5.10%5 Yr Div Growth Rate: Premium Members OnlyStocktrades Growth Score: Premium Members OnlyStocktrades Dividend Safety Score: Premium Members Only. The annualized payment comes out to a mere 34% of this year's expected profits of $5… The TSX-listed Canadian dividend stocks we’ve discovered have an average yield of 5.4% with an average return of 48.5% in 2019. Market Cap: $4.8 billionForward P/E: N/AYield: 4.52%Dividend Growth Streak: 9 yearsPayout Ratio (Earnings): 72.50%Payout Ratio (Free Cash Flows): Premium Members OnlyPayout Ratio (Operating Cash Flows): Premium Members Only1 Yr Div Growth Rate: 3.05%5 Yr Div Growth Rate: Premium Members OnlyStocktrades Growth Score: Premium Members OnlyStocktrades Dividend Safety Score: Premium Members Only. Once again, this is tops in the industry and is one of the main reasons why we believe Allied has an attractive risk-to-reward profile. However, Royal Bank is certainly one of the best. Currently, the dividend accounts for only 66% of free cash flow. The deal is worth $5.1 billion and Intact is paying just 0.9x book value for the acquisition. European Banks have been forced to cut the dividend, and some US banks such as Wells Fargo have also cut this year. Remember, these insurers are in much better shape than they were during the Financial Crisis. Now I try to keep my Canadian exposure to under 30%. If you ask me, I’ll recommend every investor/investment portfolio to have a couple of high paying but stable dividend stocks (blue chips of course). In fact, occupancy and rent collection rates for Industrial REITs held up better than any other industry. One of the biggest drawbacks with the company is the high payout ratios. Right off the bat, if you’re below 30, generally speaking, you have a … You can't go wrong with any of the Big 5 banks here in Canada. But unlike stocks under $10 or stocks under $20, stocks under $5 are in a separate category. Topping the list is Granite REIT which has a ten year dividend growth streak after its latest increase in December. In reality, we could litter our top 10 list with Canada’s Big Five banks. This was created for personal use*, but I hope that others can find it useful as there doesn't seem to be a free resource on the net with this information arranged in this format. We have 10 marijuana stocks under $5 investors need to watch. However, Stocktrades is by no means associated with the Toronto Stock Exchange, or any of the companies we cover. Given the strong results posted by Canada’s banks during this pandemic, we believe that it is only a matter of time before Canada’s Big Banks receive the green light to once again raise dividends. Analysts have begun to revise their estimates upwards, a trend that is likely to continue. Overview Dividend All-Stars Top 100 Dividend Stocks Past Performance Methodology How to use this table We pack a plethora of information about the Dividend All-Stars into these tables. Top Ranked Dividend Stocks With Insider Buying Top Dividend Stocks 2016-2021 Best Dividend Stocks Analysts Like in the S&P Best Dividend Paying Stocks Analysts Like in the Dow 10 Cheap Dividend Stocks Under $10 10 Low Priced Dividend Stocks Under $5 Top High Dividend Yield Stocks 2016-2021 Broker Darlings: Top 15 Analyst Picks of the Dow Office REITs have been among the hardest hit industries in this pandemic. Complete List of Monthly Income Stocks Before we jump into the best Canadian companies that pay a monthly dividend income , let’s review the full list. Auto parts are a cyclical business, but Magna has a strong balance sheet to weather any economic storms. NASDAQ:MOTS. For example, the Canadian tech sector currently has two aristocrats. Intact is pretty much at the exact same price it was one year ago. The company owns a nine-year dividend growth streak in which it has averaged ~2.5% annual dividend growth. 5 year dividend adjusted return of RY vs the TSX: Market Cap: $134.20 billion Forward P/E: 12.51 Yield: 4.58% Dividend Growth Streak: 9 Payout Ratio (Earnings): 54.54% Not only can investors lock in a safe and attractive dividend, they can do so at respectable valuations. Last Updated: August 8, 2020 8:37 am. Here are five shares that can be bought with a Sir Wilfred Laurier. This is tied for the 13th longest dividend growth streak in the country. U.S. stocks dove last month on concern of a double-dip recession. Yahoo is part of Verizon Media. Several under-$5 stocks still offer outsized dividend yields to those willing to take on additional risk. The risk of a dividend cut, in our opinion, is extremely low. Over the past five years, this industrial REIT has averaged 4.25% dividend growth. 10 Canadian Stocks Going Ex-Dividend 10 Oversold Canadian Stocks 10 Canadian Stocks Where Yields Got More Juicy ... All viewers agree that under no circumstances will BNK Invest, Inc,. Considering the company’s current payout ratio is at the low end of its historical range, and the earnings growth coming from Intact’s acquisitions, there is no reason the company shouldn't be able to keep the dividend growth inline with its past growth. Canadian Stocks Have Less Political Baggage than U.S. or Chinese Stocks Right Now. Although the Feds have asked Canada’s banks not to raise the dividend during the pandemic, there is no current risk of a dividend cut at the Bank of Nova Scotia. Another huge benefit is the fact the company pays a monthly dividend, with a yield in the 3.2% range. The most versatile and in-depth investment platform in Canada is just a click of a button away, Disclaimer: The writer of this article may have positions in the securities mentioned in this article. Now yielding 3.98% (above its 5-year historical average), the Royal Bank is deserving of its place among Canada’s top dividend stocks. In August, the company re-iterated that its capital program and dividend growth guidance remains intact despite the current pandemic. __CONFIG_colors_palette__{"active_palette":0,"config":{"colors":{"f3080":{"name":"Main Accent","parent":-1},"f2bba":{"name":"Main Light 10","parent":"f3080"},"trewq":{"name":"Main Light 30","parent":"f3080"},"poiuy":{"name":"Main Light 80","parent":"f3080"},"f83d7":{"name":"Main Light 80","parent":"f3080"},"frty6":{"name":"Main Light 45","parent":"f3080"},"flktr":{"name":"Main Light 80","parent":"f3080"}},"gradients":[]},"palettes":[{"name":"Default","value":{"colors":{"f3080":{"val":"var(--tcb-skin-color-0)"},"f2bba":{"val":"rgba(247, 145, 29, 0.5)","hsl_parent_dependency":{"h":32,"l":0.54,"s":0.93}},"trewq":{"val":"rgba(247, 145, 29, 0.7)","hsl_parent_dependency":{"h":32,"l":0.54,"s":0.93}},"poiuy":{"val":"rgba(247, 145, 29, 0.35)","hsl_parent_dependency":{"h":32,"l":0.54,"s":0.93}},"f83d7":{"val":"rgba(247, 145, 29, 0.4)","hsl_parent_dependency":{"h":32,"l":0.54,"s":0.93}},"frty6":{"val":"rgba(247, 145, 29, 0.2)","hsl_parent_dependency":{"h":32,"l":0.54,"s":0.93}},"flktr":{"val":"rgba(247, 145, 29, 0.8)","hsl_parent_dependency":{"h":32,"l":0.54,"s":0.93}}},"gradients":[]},"original":{"colors":{"f3080":{"val":"rgb(23, 23, 22)","hsl":{"h":60,"s":0.02,"l":0.09}},"f2bba":{"val":"rgba(23, 23, 22, 0.5)","hsl_parent_dependency":{"h":60,"s":0.02,"l":0.09,"a":0.5}},"trewq":{"val":"rgba(23, 23, 22, 0.7)","hsl_parent_dependency":{"h":60,"s":0.02,"l":0.09,"a":0.7}},"poiuy":{"val":"rgba(23, 23, 22, 0.35)","hsl_parent_dependency":{"h":60,"s":0.02,"l":0.09,"a":0.35}},"f83d7":{"val":"rgba(23, 23, 22, 0.4)","hsl_parent_dependency":{"h":60,"s":0.02,"l":0.09,"a":0.4}},"frty6":{"val":"rgba(23, 23, 22, 0.2)","hsl_parent_dependency":{"h":60,"s":0.02,"l":0.09,"a":0.2}},"flktr":{"val":"rgba(23, 23, 22, 0.8)","hsl_parent_dependency":{"h":60,"s":0.02,"l":0.09,"a":0.8}}},"gradients":[]}}]}__CONFIG_colors_palette__. For more risk-tolerant investors, penny stocks, or names trading for less than $5 per share, are taking center stage. Here are the 5 dividend stocks in Canada that I think would make a great addition to your dividend investing portfolio. If dividend investing is something that interests you, there are plenty of places online where you can learn more about this tried and true investment strategy, starting with the following list of Top 100 Canadian Dividend Stocks for 2020. The performance of Intact Financial (TSX:IFC) is proof that insurers are not as susceptible to an the damage of an economic crisis as they once were. What is being made abundantly clear is that warehouse and distribution spaces will remain in high demand as the shift to eCommerce is here to stay. One of the best ways to increase the value of your stock portfolio while protecting it from adverse market movements is to add Canadian dividend stocks, particularly Canadian Dividend Aristocrats, that will provide you with income in any market environment. Given its healthy growth prospects, we can expect the company to continue raising its dividends in the coming years. Dividend stocks are popular with income investors who enjoy received a cash payout every 3 months from several companies. All of the stocks listed below are now under $5 apiece. These are great stocks to add to your portfolio today! In the third quarter, Granite reported funds from operations per share grew by 5.4% YoY and the occupancy rate was sitting at 98.9%. You can invest in international stocks on your own with a Schwab One ® brokerage account or call our Global Investing Services team at 800-992-4685 to speak with a dedicated broker about foreign trading. However, the deal ultimately fell through and the company resumed growing the dividend. To top things off, analysts are expecting the company to growth revenue at an average of 26% over the next few years. The company has guided that it intends to grow the dividend 7% in 2021 and 5-7% in the years after that. Fortis owns the second-longest dividend growth streak in Canada. … 5 Stocks Trading Under $5 With Massive Upside Potential . It is also above the company’s 10-year average of 4.71%. Copper stocks, as represented by the Global X Copper Miners ETF (), have significantly outperformed the broader market.COPX has provided a total return of … Despite facing considerable industry headwinds, TC Energy continues to generate a ton of cash. It is the only one of Canada’s Big three to have a strong presence from coast-to-coast. 7 Top Stocks Under $5 These penny stocks show solid growth potential By Divya Premkumar , InvestorPlace Contributor Aug 28, 2020, 9:37 am EST August 28, 2020 List of Monthly Dividend Stocks Under $5 ... and a subsequent decision to suspend the dividend … This update also has one important factor tied in to our rankings, and that is the COVID-19 crisis. Despite the price of oil crashing, the company has re-iterated dividend growth guidance several times. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. Buy under $ 5 apiece portfolio growth few that has balanced growth, safety, and periods! 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