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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.

To discover how Pro Canada could help you to increase your upside potential… reduce your downside risk… and earn paycheque-like income in the process, simply click here — before the small number of spots we have left are all gone!

4 Top Financial Stocks With Yields up to 5.4%

If you’re in search of a great dividend stock to add to your portfolio, then this article is for you. I’ve scoured the financial sector and compiled a list of four high-quality stocks with high and safe yields of 3-6%, so let’s take a quick look at each to determine which would fit best in your portfolio.

1. Fiera Capital Corp.

Fiera Capital Corp. (TSX:FSZ) is one of North America’s largest independent asset managers, providing expertise in both traditional and alternative investment strategies. It has approximately $98 billion in assets under management as of March 31, 2016.

It pays a quarterly dividend of $0.15 per share, or $0.60 per share annually, giving its stock a yield of about 4.7% at current levels. It’s also very important to note that its three dividend hikes since the start of 2015, including its 7.1% hike in March of this year, have it on pace for 2016 to mark the sixth consecutive year in which it has raised its annual dividend payment.

2. Power Financial Corp.

Power Financial Corp. (TSX:PWF) is a diversified management and holding company with interests in companies in the financial services sector in Canada, the United States, and Europe. Its subsidiaries include Great-West Lifeco Inc., IGM Financial Inc., and Pargesa Holding SA.

It pays a quarterly dividend of $0.3925 per share, or $1.57 per share annually, giving its stock a yield of about 5.4% at current levels. It’s also very important to note that its 5.4% dividend hike in March has it on pace for 2016 to mark the second consecutive year in which it has raised its annual dividend payment.

3. TMX Group Limited

TMX Group Limited (TSX:X) operates cash and derivative markets for multiple asset classes, including equities, fixed income, and energy. It also provides clearing facilities, data products, and related services to the international financial community.

It pays a quarterly dividend of $0.40 per share, or $1.60 per share annually, giving its stock a yield of about 3% at current levels. It’s also important to note that it has maintained this annual rate since 2011, and its consistent generation of operating cash flow could allow it to continue to do so for many years to come.

4. Royal Bank of Canada

Royal Bank of Canada (TSX:RY)(NYSE:RY) is Canada’s largest bank with approximately $1.15 trillion in assets as of April 30, 2016.

It pays a quarterly dividend of $0.81 per share, or $3.24 per share annually, giving its stock a yield of about 4.2% at current levels. It’s also very important to note that its three dividend hikes since the start of 2015, including its 2.5% hike in February of this year, have it on pace for 2016 to mark the sixth consecutive year in which it has raised its annual dividend payment.

Why we're buying more of this "Wall-Street Darling" that was left for dead!

The savvy team of analysts and advisors inside Stock Advisor Canada, recently issued a "buy" alert on this downgraded stock. After being left for dead by five or more big banks in a five-week span, our team scooped up shares as fast as we could--and are recommending that Stock Advisor Canada members jump on this rare opportunity immediately. So simply click here to unlock the full details behind this new recommendation and join thousands of others inside of Stock Advisor Canada.

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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