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First Brexit… then Trump… Now, it’s time for Pro

Is your portfolio really prepared for what’s coming next?

To help investors like you navigate this historically uncertain — yet high-flying — market and prepare for an inevitable downturn, we’re re-opening our Motley Fool Pro Canada service to a select few new members for a short time.

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3 Small-Cap Dividend Stocks I’d Buy With an Extra $15,000

One of the most well-known facts about investing is that dividend-paying stocks far outperform their non-dividend-paying counterparts over the long term. It is for this reason that I think all long-term investors should own at least one dividend-paying stock and, depending on your age, investment goals, and risk tolerance, maybe even a diversified portfolio full of them.

With all of this in mind, let’s take a look at three small-cap stocks with high and safe yields up to 7.7% that you could buy today.

1. Boston Pizza Royalties Income Fund

Boston Pizza Royalties Income Fund (TSX:BPF.UN) is a franchise-driven casual dining restaurant company, and it is the largest casual dining brand in Canada with more than 370 locations across the country. It pays a monthly distribution of $0.115 per share, or $1.38 per share annually, which gives its stock a yield of about 7.7% at today’s levels.

Investors must also note that Boston Pizza has raised its annual dividend for four consecutive years, and its recent increases, including its 6.2% hike in April 2015 and its 6.2% hike on February 10, has it on pace for 2016 to mark the fifth consecutive year with an increase.

2. Alaris Royalty Corp.

Alaris Royalty Corp. (TSX:AD) is one of the largest providers of alternative financing solutions to companies in North America. It pays a monthly dividend of $0.135 per share, or $1.62 per share annually, which gives its stock a yield of about 6.4% at today’s levels.

It is also important for investors to note that Alaris has raised its annual dividend payment for five consecutive years, and its recent increases, including its 4% hike in June 2015 and its 3.8% hike in July 2015, has it on pace for 2016 to mark the sixth consecutive year with an increase.

3. North West Company Inc.

North West Company Inc. (TSX:NWC) is one of the leading retailers of food and everyday products to rural communities and urban neighborhoods in Canada, Alaska, the South Pacific, and the Caribbean. It pays a quarterly dividend of $0.31 per share, or $1.24 per share annually, which gives its stock a yield of about 4% at today’s levels.

Investors must also note that North West has raised its regular annual dividend payment for four consecutive years, and its 6.9% hike in September 2015 has it on pace for 2016 to mark the fifth consecutive year with an increase.

Should you add one of these small caps to your portfolio?

Boston Pizza Royalties Income Fund, Alaris Royalty, and North West Company are three of the best high-yielding small-cap investment options in their respective industries. Foolish investors should take a closer look and strongly consider initiating positions in one of them today.

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Fool contributor Joseph Solitro has no position in any stocks mentioned.

NEW! This Stock Could Be Like Buying Amazon In 1997

For only the 5th time in over 14 years, Motley Fool co-founder David Gardner just issued a Buy Recommendation on this recent Canadian IPO.

Stock Advisor Canada’s Chief Investment Adviser, Iain Butler, also recommended this company back in March – and it’s already up a whopping 57%!

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