5 Diverse Stocks With Top Dividend Yields

A diverse portfolio is a healthy portfolio. Here’s a look at high-performing stocks in several industries.

| More on:
The Motley Fool

Branch out and multiply returns with these top dividend-yielding stocks from diverse industries.

1. Telecommunication services

With a dividend rate of $2.47, BCE (TSX: BCE)(NYSE: BCE) has a current dividend yield of 4.9%, with a five-year average dividend yield of 4.9% as well.

BCE is focusing on building its internet service for its customers. Last week, it announced the launch of Home Hub. This is its new internet modem and Wi-Fi router designed exclusively for its Bell Fibe customers. The new Home Hub delivers Wi-Fi speeds up to three times faster than the majority of residential Wi-Fi routers.

2. Independent oil and gas

Crescent Point Energy (TSX: CPG)(NYSE: CPG) has a dividend rate of $2.76. Its dividend yield is 6.15% and its five-year average dividend yield is 6%.

In 2013, its commodity production mix was approximately 91% oil and natural gas liquids and 9% natural gas. In Canada, Crescent Point spent $563.5 million, or 33%, of its 2013 capital development program on its Viewfield Bakken light oil resource property in southeast Saskatchewan. Its development program in the Bakken play has led to the expansion of the Viewfield gas facility from 30 MMcf/d to 42 MMcf/d.

3. Agricultural chemicals

PotashCorp (TSX: POT)(NYSE: POT) has a dividend yield of 3.87%, a five-year average dividend yield of 1.4%, and a dividend rate of $1.40.

The company announced operating changes and workforce reductions in December 2013 in a tough potash environment. It has a multi-year potash capital expansion program that’s almost complete. Its Rocanville and Picadilly projects are the final elements of the program to be finished. For Q1 2014, its potash production was 2.4 million tonnes, greater than the 2.0 million tonnes produced in Q1 2013.

4. Banking

National Bank of Canada (TSX: NA) has a dividend rate of $1.92. Its dividend yield is 4.17%, with a five-year average dividend yield of 7.1%. In May, National Bank announced an increase of the dividend on its common shares from $0.46 to $0.48 per common share.

National Bank has a strong presence in Quebec, which is its source of sustained revenue growth. For the past three years, National Bank’s personal and commercial division has experienced compound annual growth in earnings of 6%. For Q2 2014, personal and commercial net income totaled $162 million, an increase of 6% from $153 million in Q2 2013.

5. Diversified utilities

TransAlta (TSX: TA)(NYSE: TAC) has a dividend yield of 5.6% with a dividend rate of $0.72. Its five-year average dividend yield is 6.7%.

In 2013, TransAlta exceeded its target of serving more than 600 megawatts of customers in its commercial and industrial divisions. In Q1 2014, TransAlta commenced construction with its joint venture partner of a $178 million natural gas pipeline to its Solomon power station in western Australia. TransAlta has a 43% interest in the joint venture. The power station has a capacity of 128 megawatts.

Look across the board for higher-yielding dividend stocks from an array of industries. Diversification with income can grow your portfolio for the long term.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

Fool contributor Michael Ugulini has no positions in any of the companies mentioned in this article. The Motley Fool owns shares of PotashCorp.  

More on Investing

question marks written reminders tickets
Dividend Stocks

Dividend Investors: Is BCE Stock a Buy Now?

BCE now offers a 7.9% dividend yield.

Read more »

A bull outlined against a field
Tech Stocks

Is a Bull Market Here? 4 Reasons to Buy Celestica Stock Like There’s No Tomorrow 

Celestica (TSX:CLS) stock has been a huge winner for investors this year, but there could be even more in the…

Read more »

Retirement plan
Investing

1 Retirement Savings Hack That Has Created Many Millionaires

Investors can retirement with $1 million in savings by investing in index funds such as the S&P 500.

Read more »

edit Taxes CRA
Dividend Stocks

CRA Money: 2 More Days to Boost Your Tax Refund!

Dividend stocks like Toronto-Dominion Bank (TSX:TD) can be great RRSP holdings.

Read more »

close-up photo of investor Warren Buffett
Stocks for Beginners

The Best Warren Buffett Stocks to Buy With $300 Right Now

These Warren Buffett stocks have long histories of growth, each offering their own reasons for why investors need them today.

Read more »

grow money, wealth build
Dividend Stocks

3 TSX Dividend Stocks With Yields Above 7% (But Are They Safe?)

These three dividend stocks all have ultra-high yields, making them some of the best to buy if you're looking to…

Read more »

oil and natural gas
Energy Stocks

3 Energy Stocks Already Worth Your While

TSX energy stocks could shine for much longer. Here's why Canadian Natural Resources (TSX:CNQ), Parex Resources (TSX:PXT), and another oil…

Read more »

Light bulb with jester hat perched on top
Dividend Stocks

3 Canadian Dividend Stocks With Payouts That Are No Joke 

Here are three top Canadian dividend stocks long-term investors would be remiss to ignore, particularly at these current valuations.

Read more »