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

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

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Get High and Safe Yields of 4-7% From These 3 Mid Caps

If you’re looking to boost your portfolio’s yield, then you’ve come to the right place. I’ve scoured the market and compiled a list of three mid caps with high and safe yields of 4-7%, so let’s take a closer look at each to determine which would be the best fit for your portfolio.

1. H&R Real Estate Investment Trust

H&R Real Estate Investment Trust (TSX:HR.UN) is one of the largest diversified REITs in North America with ownership interests in 520 office, retail, industrial, and residential properties in Canada and the United States. It pays a monthly distribution of $0.1125 per share, or $1.35 per share annually, which gives its stock a yield of about 6.45% at today’s levels.

Investors must also make two notes.

First, H&R has maintained its current annual distribution rate since 2013.

Second, I think its increased amount of funds from operations, including its 3.7% year-over-year growth to $1.95 per share in fiscal 2015, and its low payout ratio, including 69.2% in fiscal 2015 compared with 71.8% in fiscal 2014, could allow it to announce a slight distribution hike within the next few months.

2. Genworth MI Canada Inc.

Genworth MI Canada Inc. (TSX:MIC) is the largest private residential mortgage insurer in Canada with over $6.2 billion in assets. It pays a quarterly dividend $0.42 per share, or $1.68 per share annually, which gives its stock a yield of about 5.4% at today’s levels.

Investors must also note that Genworth has raised its regular annual dividend payment every year since it began paying a dividend in 2009, resulting in six consecutive years of increases, and its 7.7% hike in October 2015 has it on pace for 2016 to mark the seventh consecutive year with an increase.

3. Algonquin Power & Utilities Corp.

Algonquin Power & Utilities Corp. (TSX:AQN) is a growing renewable energy and regulated utility company with assets across North America, including hydroelectric, wind, thermal, and solar power facilities. It pays a quarterly dividend of US$0.09625 per share, or US$0.385 per share annually, which gives its stock a yield of about 4.6% at today’s levels.

Investors must also make two notes.

First, Algonquin has raised its annual dividend payment for five consecutive years, and its 10% hike in May 2015 has it on pace for 2016 to mark the sixth consecutive year with an increase.

Second, the company has a long-term goal of raising its dividend by 10% annually, making it one of the best dividend-growth plays in the utilities industry.

Could your portfolio use more yield?

H&R REIT, Genworth MI Canada, and Algonquin Power & Utilities are three of the most attractive dividend-paying mid caps in their respective industries. Foolish investors should strongly consider beginning to scale in to long-term positions in one or more of them today.

Earn $6,000/year in rental income from these REITs

We'd all love to have a steady stream of extra income, but who wants the hassle (and expense!) of buying and managing property and dealing with tenants? We have a much better option: real estate investment trusts (REITs) allow investors like us to purchase shares in a diversified portfolio of properties and earn a share of the profits!

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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%!

Enter your email address below to claim your copy of this brand new report, “Breakthrough IPO Receives Rare Endorsement.”

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