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.

2 Value Stocks With Enormous Dividends to Buy Now

If I didn’t own these dividend stocks already, I’d certainly consider buying some shares today. They offer enormous yields of 5.4-6.7%, so shareholders are paid to own the businesses. They trade at reasonable or discounted valuations compared to the pricey market. And they have the potential for future dividend growth.

Without further ado, here are the stocks.

Altagas Ltd. (TSX:ALA) is popular among income investors for its big yield, which currently stands at 6.7%. It has a diversified business, which processes and transports natural gas, generates power with clean energy, and distributes natural gas to more than 570,000 customers.

Currently, its power business dominates the generation of its earnings before interest, taxes, depreciation, and amortization at 40%, followed by its regulated gas utility business at 36%, and its gas business at 24%.

Its $8.4 billion WGL Holdings acquisition, which is expected to close in mid-2018, will push the contribution of its regulated gas utility business temporarily higher.

Other than the transformative acquisition, Altagas also has other projects to grow its business. In the long run, the company aims to have a balanced portfolio across its three businesses.

Altagas has increased its dividend for five consecutive years. Its dividend per share is 52% higher than it was five years ago. It pays a monthly dividend that’s supported by a sustainable payout ratio based on its cash flow generation.

At about $31.40 per share, Altagas trades at a reasonable multiple of 10.2. If it closes the WGL acquisition, management aims to grow its dividend by 8-10% per year for the next few years.

If I could only own one real estate stock, it’d be Brookfield Property Partners LP (TSX:BPY.UN)(NYSE:BPY).

The limited partnership owns a core portfolio of best-in-class office and retail properties, which makes up about 80% of its balance sheet.

The rest of its portfolio consists of opportunistic investments across multifamily, industrial, hospitality, triple net lease, self-storage, and student housing sectors, which aim for higher returns.

Brookfield Property’s global portfolio generates strong cash flows, which support an enormous yield that stands at 5.4%. Its high yield is thanks partly to a strong U.S. dollar against the Canadian dollar as the stock pays a U.S. dollar-denominated distribution.

Unitholders can opt to receive the distribution in the Canadian or U.S. currency by communicating with their brokerages.

Management is not shy about capitalizing on mature assets and recycling the capital into mispriced, quality assets, which are intended to deliver higher returns. Capital gains, alongside its cash flow generation, allow the company to grow its distribution by 5-8% per year.

At below $30 per unit, Brookfield Property trades at a discount to its IFRS value. So, it’s a great opportunity to buy some shares today.

1 Massive Dividend Stock to Buy Today (7.8% Yield!) - The Dividend Giveaway

The Motley Fool Canada's top dividend expert and lead adviser of Dividend Investor Canada, Bryan White, recently released a premium "buy report" on a dividend giant he thinks everyone should own. Not only that - but he's created a must-have, exclusive report that outlines all the alarming traits of dividend stocks that are about to blow up - and how you can avoid them.

For this limited time only, we're not only taking 57% off Dividend Investor Canada, but we're offering you special access to two brand-new reports, free of charge upon signing up. They will outline everything you need to know so you steer clear of dividend burn-outs AND take advantage of the dividend giants in the Canadian market.

While this offer is still available, you can find out how to get a copy of these brand-new reports by simply clicking here.

Fool contributor Kay Ng owns shares of ALTAGAS LTD. and Brookfield Property Partners. Altagas is a recommendation of Stock Advisor Canada.

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.