If you’re in search of a stock with a high dividend yield and an active streak of annual increases, then you’ve come to the right place. I’ve compiled a list of five companies with yields of 4-9% that have raised their dividends for five consecutive years, so let’s take a quick look at each to determine if you should buy one or more of them today.
1. Keyera Corp.
Keyera Corp. (TSX: KEY) is one of Canada’s largest midstream energy companies. It has a predominately fee-for-service-based business, providing services such as natural gas gathering and processing, natural gas liquids processing, fractionation, terminalling, storage, and marketing, and an industry-leading condensate system.
It pays a monthly dividend of $0.125 per share, or $1.50 per share annually, which gives its stock a yield of about 4% at today’s levels. It’s also important to note that the company has raised its annual dividend payment for five consecutive years, and its two hikes since the start of 2015, including its 8.7% hike in August, have it on pace for 2016 to mark the sixth consecutive year with an increase.
2. Domtar Corp.
Domtar Corp. (TSX: UFS)(NYSE:UFS) is one of the world’s leading providers of fibre-based products, including communication, specialty, and packaging papers, market pulp, and absorbent hygiene products, such as diapers.
It pays a quarterly dividend of US$0.415 per share, or US$1.66 per share annually, which gives its stock a yield of about 4.3% at today’s levels. It’s also important to note that the company has raised its annual dividend payment for five consecutive years, and its two 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 with an increase.
3. Aimia Inc.
Aimia Inc. (TSX: AIM) is one of the world’s largest data-driven marketing and loyalty analytics companies. It’s the company behind brands such as Aeroplan, Cardlytics, Nectar, Club Premier, and China Rewards.
It pays a quarterly dividend of $0.20 per share, or $0.80 per share annually, which gives its stock a yield of about 8.8% at today’s levels. It’s also important to note that the company has raised its annual dividend payment for five consecutive years, and its two hikes since the start of 2015, including its 5.3% hike last month, have it on pace for 2016 to mark the sixth consecutive year with an increase.
4. Fiera Capital Corp.
Fiera Capital Corp. (TSX: FSZ) is Canada’s third-largest publicly traded asset manager and its sixth-largest overall with approximately $98 billion in assets under management.
It pays a quarterly dividend of $0.15 per share, or $0.60 per share annually, which gives its stock a yield of about 4.6% at today’s levels. It’s also important to note that the company has raised its annual dividend payment for five consecutive years, and its three 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 with an increase.
5. National Bank of Canada
National Bank of Canada (TSX: NA) is Canada’s sixth-largest bank with approximately $220.7 billion in assets.
It pays a quarterly dividend of $0.55 per share, or $2.20 per share annually, which gives its stock a yield of about 4.8% at today’s levels. It’s also important to note that the company has raised its annual dividend payment for five consecutive years, and its three hikes since the start of 2015, including its 1.9% hike earlier this month, have it on pace for 2016 to mark the sixth consecutive year with an increase.
