3 of the Best Mid-Cap Dividend Stocks Money Can Buy

Looking to boost your portfolio’s yield? If so, Brookfield Property Partners LP (TSX:BPY.UN)(NYSE:BPY), Emera Inc. (TSX:EMA), and Cineplex Inc. (TSX:CGX) should be atop your buy list.

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If you’re looking to add yield to your portfolio, then you’ve come to the right place. I’ve compiled a list of three of the best mid-cap dividend stocks in the market today, so let’s take a quick look at each to determine if you should buy one or more of them.

1. Brookfield Property Partners LP

Brookfield Property Partners LP (TSX:BPY.UN)(NYSE:BPY) is one of the world’s largest owners of commercial real estate with a diversified portfolio that includes over 150 office properties and over 170 retail malls. It pays a quarterly dividend of US$0.28 per share, or US$1.12 per share annually, which gives its stock a yield of about 5.25% at today’s levels.

Investors must also note that Brookfield raised its annual distribution by 6% in 2015, and its 5.7% hike in February has it on pace for 2016 to mark the second consecutive year with an increase.

2. Emera Inc.

Emera Inc. (TSX:EMA) is one of the largest electric utilities companies in North America with operations in Canada, the United States, and the Caribbean. It pays a quarterly dividend of $0.475 per share, or $1.90 per share annually, which gives its stock a yield of about 4.05% at today’s levels.

It is also important for investors to make two notes.

First, Emera has raised its annual dividend payment for nine consecutive years, and its recent increases, including its 18.8% hike in August 2015, has it on pace for 2016 to mark the 10th consecutive year with an increase.

Second, the company has an annual dividend-growth target of 8% through 2019, and it has stated that its recent acquisitions could help it extend this target beyond 2019.

3. Cineplex Inc.

Cineplex Inc. (TSX:CGX) is Canada’s largest owner and operator of movie theatres with 162 theatres that serve approximately 77 million guests annually. It pays a monthly dividend of $0.13 per share, or $1.56 per share annually, which gives its stock a yield of about 3.1% at today’s levels.

It is also important for investors to make two notes.

First, Cineplex has raised its annual dividend payment for five consecutive years, and its 4% hike in May 2015 has it on pace for 2016 to mark the sixth consecutive year with an increase.

Second, the company traditionally announces its dividend hikes in May, and I think its increased amount of free cash flow, including its 7.8% year-over-year growth to an adjusted $2.492 per share in fiscal 2015, sets it up nicely to continue this tradition when it reports its first-quarter earnings results in two months.

Should you buy one of these mid caps today?

Brookfield Property Partners, Emera, and Cineplex are three of the best mid-cap dividend stocks your money can buy. All Foolish investors should strongly consider establishing long-term positions in one of them today.

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 Joseph Solitro has no position in any stocks mentioned.

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