MENU

Fool Canada’s first 1,000%+ winner?

Our Chief Investment Advisor, Iain Butler, and a team of The Motley Fool’s most talented investors from across the globe recently embarked on an unprecedented mission:

To identify the 20 Canadian small-cap companies they believe have the best shot at earning investors like you gains of 1,000%+ over the coming years.

For the next few days only, you can get the names and full details on these 20 potential “10-baggers” when you join Iain and his team in a first-of-its-kind project they have dubbed Discovery Canada 2017.

5 Dividend-Growth Stocks With Yields of 3-9% for Your TFSA

The Tax-Free Savings Account (TFSA) program began in 2009, offering Canadians who are 18 and older the opportunity to set money aside tax free throughout their lifetimes. Contributions to a TFSA are not deductible for income-tax purposes, but any amount contributed, as well as any income earned in the account, including capital gains and dividends, is essentially tax free, even when it’s withdrawn.

I think all eligible Canadians should have a TFSA, so if you don’t already have one, you should strongly consider opening and contributing to one, and if you do have one, here are five top dividend-growth stocks you could add to it today.

1. Inter Pipeline Ltd.

Inter Pipeline Ltd. (TSX:IPL) is one of the largest owners and operators of energy infrastructure assets in western Canada and Europe. Its assets include oil sands and conventional oil pipelines, petroleum and petrochemical storage facilities, and natural gas liquids extraction plants.

It pays a monthly dividend of $0.13 per share, or $1.56 per share annually, which gives its stock a yield of approximately 5.8% at current levels. It’s also highly important to note that the company’s 6.1% dividend hike in November has it on pace for 2016 to mark the eighth consecutive year in which it has raised its annual dividend payment.

2. Exchange Income Corporation

Exchange Income Corporation (TSX:EIF) is an acquisition-oriented company focused on the aviation, aerospace, and manufacturing sectors. It invests in profitable businesses with strong cash flows in order to provide its shareholders with a stable and growing stream of cash dividends, and its subsidiaries include Calm Air International, Perimeter Aviation, and Overlanders Manufacturing.

It pays a monthly dividend of $0.1675 per share, or $2.01 per share annually, which gives its stock a yield of approximately 6.5% at current levels. It’s also highly important to note that the company’s two dividend hikes since the start of 2015, including its 4.7% hike last month, have it on pace for 2016 to mark the sixth consecutive year in which it has raised its annual dividend payment.

3. Granite Real Estate Investment Trust

Granite Real Estate Investment Trust (TSX:GRT.UN)(NYSE:GRP) is one of the largest owners of industrial, warehouse, and logistics properties in North America and Europe. It owns and operates 96 properties spread across nine countries that total 30.4 million square feet.

It pays a monthly distribution of $0.203 per share, or $2.44 per share annually, which gives its stock a yield of approximately 6.3% at current levels. It’s also very important to note that the company’s 5.7% distribution hike in March has it on pace for 2016 to mark the sixth consecutive year in which it has raised its annual distribution.

4. Cineplex Inc.

Cineplex Inc. (TSX:CGX) is Canada’s largest owner and operator of movie theatres. It has 163 theatres across the country under a number of banners, including Cineplex Cinemas, Galaxy Cinemas, SilverCity Cinemas, and Scotiabank Theatres.

It pays a monthly dividend of $0.135 per share, or $1.62 per share annually, which gives its stock a yield of approximately 3.2% at current levels. It’s also highly important to note that the company’s two dividend hikes since the start of 2015, including its 3.8% hike last month, have it on pace for 2016 to mark the sixth consecutive year in which it has raised its annual dividend payment.

5. Gibson Energy Inc.

Gibson Energy Inc. (TSX:GEI) is one of North America’s largest independent midstream energy companies, providing services such as the transportation, storage, blending, processing, marketing, and distribution of crude oil, condensate, natural gas liquids, water, oilfield waste, and refined products.

It pays a quarterly dividend of $0.33 per share, or $1.32 per share annually, which gives its stock a yield of approximately 8.9% at current levels. It’s also highly important to note that the company’s 3.1% dividend hike in March has it on pace for 2016 to mark the fifth consecutive year in which it has raised its annual dividend payment.

Stock buy alert hits astounding 96% success rate!

The hand-picked investing team inside Stock Advisor Canada, recently issued a buy alert for one special type of "bread-and-butter" stock where The Motley Fool U.S. has banked profits on 23 out of 24 recommendations. Frankly, with an astounding 96% success rate that has delivered average returns of 260%, chances are this new pick could deliver life-changing returns as well. Because the team at Stock Advisor Canada fully embraces the same time-tested investing philosophies that have led to countless Motley Fool winners globally. So simply click here to unlock the full details behind this new recommendation and join Stock Advisor Canada.

*96% accuracy includes restaurant stock recommendations from Motley Fool U.S. services Stock Advisor, Rule Breakers, Hidden Gems, Income Investor and Inside Value since each services inception. Returns as of 5/27/16.

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 find out how you can claim your copy of this brand new report, “Breakthrough IPO Receives Rare Endorsement.”

I consent to receiving information from The Motley Fool via email, direct mail, and occasional special offer phone calls. I understand I can unsubscribe from these updates at any time. Please read the Privacy Statement and Terms of Service for more information.