5 Dividend-Growth Stocks With Yields of 4-9%

Dividend-growth stocks such as Keyera Corp. (TSX:KEY), Domtar Corp. (TSX:UFS)(NYSE:UFS), Aimia Inc. (TSX:AIM), Fiera Capital Corp. (TSX:FSZ), and National Bank of Canada (TSX:NA) belong in your portfolio. Which should you buy today?

| More on:

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.

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.

More on Dividend Stocks

Two seniors float in a pool.
Dividend Stocks

TFSA: How to Earn $1,890 in Annual Tax-Free Income

Plunk these investments into your TFSA to earn passive income and avoid the taxman.

Read more »

Engineers walk through a facility.
Dividend Stocks

1 TSX Stock I Wouldn’t Touch With a 10-Foot Pole

AtkinsRéalis (TSX:ATRL) is one TSX stock I'd never invest in.

Read more »

edit Woman in skates works on laptop
Dividend Stocks

3 No-Brainer Stocks to Buy Under $30

These three stocks all offer a huge deal for investors looking for dividends, as well as growth that will last.

Read more »

You Should Know This
Dividend Stocks

How to Convert a $300 Monthly Investment Into $338 in Monthly Income

If you want a certain amount in monthly passive income, invest a similar amount today and leave the rest to…

Read more »

Increasing yield
Dividend Stocks

3 Income Stocks With Big Yields to Consider in April 2024

If you haven’t yet made your March investments, here are three income stocks to buy the dip and lock in…

Read more »

Senior Man Sitting On Sofa At Home With Pet Labrador Dog
Dividend Stocks

RRSP Investors: Don’t Miss Out on This Contribution Hack!

This hack has so many benefits for you -- not just when you put it in your RRSP but for…

Read more »

A red umbrella stands higher than a crowd of black umbrellas.
Dividend Stocks

Passive Income: 2 Safe Dividend Stocks to Own for the Next 10 Years

Dividend stocks such as Manulife and Fortis can help you generate a stable and recurring passive-income stream.

Read more »

Young woman sat at laptop by a window
Dividend Stocks

3 Dividend Stocks Everyone Should Own for the Long Haul

For investors looking for top-tier dividend stocks to buy and hold for the long term, here are three of my…

Read more »