Whether you just opened your first brokerage account or have been investing for decades, you must own at least one dividend-paying stock because they far outperform non-dividend-paying stocks over the long term. With this in mind, let’s take a look at three dividend-paying stocks from different sectors that you could buy right now.
1. Canyon Services Group Inc.: 5.1% yield
Canyon Services Group Inc. (TSX:FRC) is one of the largest providers of hydraulic fracturing, coiled tubing, acidizing, and remedial cementing services to the oil and natural gas industries in Canada. It pays a quarterly dividend of $0.075 per share, or $0.30 per share annually, giving its stock a 5.1% yield at today’s levels. Investors should also note that the company reduced its dividend by 50% in May as a result of “continuing industry uncertainty” and to “preserve its industry leading balance sheet,” but I think the current rate is sustainable for the long term.
2. Evertz Technologies Limited: 4.3% yield
Evertz Technologies Limited (TSX:ET) is one of the leading designers and manufacturers of video and audio infrastructure solutions for the television, telecommunications, and new-media industries. It pays a quarterly dividend of $0.18 per share, or $0.72 per share annually, which gives its stock a 4.3% yield at current levels. The company has also increased its dividend five times in the last five years, and its record financial performance in fiscal 2015 could allow for another increase in the very near future.
3. National Bank of Canada: 4.3% yield
National Bank of Canada (TSX:NA) is one of the 10 largest banks in Canada, with over $207 billion in total assets. It pays a quarterly dividend of $0.52 per share, or $2.08 per share annually, giving its stock a 4.3% yield at today’s levels. The company has also increased its annual dividend payment for five consecutive years, and its consistent free cash flow generation could allow this streak to continue for another five years at least.
Should you buy one of these dividend payers today?
Canyon Services, Evertz Technologies, and National Bank of Canada represent three of the most attractive dividend-paying investment opportunities in the market today. Foolish investors should take a closer look and consider establishing positions in one or more of them.
