4 Stocks That Can Boost Your Portfolio’s Yield

Does your portfolio lack yield? If so, consider investing in Valener Inc. (TSX:VNR), Chartwell Retirement Residences (TSX:CSH.UN), American Hotel Income Properties REIT LP (TSX:HOT.UN), or Absolute Software (TSX:ABT).

| More on:

If your portfolio lacks yield and you’re ready to do something about it, then you’ve come to the right place. I’ve scoured the market and selected four great dividend stocks with high and safe yields of 3-9%, so let’s take a quick look at each to determine which would fit best in your portfolio.

1. Valener Inc.

Valener Inc. (TSX:VNR) is a public company that serves as an investment vehicle in Gaz Metro, the largest distributor of natural gas in Quebec and Vermont, and Seigneurie de Beaupre Wind Farms, one of Canada’s largest wind-power facilities.

It pays a quarterly dividend of $0.27 per share, or $1.08 per share annually, giving its stock a yield of about 4.85% at today’s levels. It’s also important to note that the company’s 3.8% dividend hike in November 2015 has it on pace for 2016 to mark the second consecutive year in which it has raised its annual dividend payment, and it has a dividend-growth target of 4% annually through 2018.

2. Chartwell Retirement Residences

Chartwell Retirement Residences (TSX:CSH.UN) is Canada’s largest owner and operator of senior housing communities. It owns and manages over 170 communities, comprising of over 26,000 suites located across Ontario, Quebec, Alberta, and British Columbia.

It pays a monthly distribution of $0.046818 per share, or $0.561816 per share annually, giving its stock a yield of about 3.5% at today’s levels. It’s also important to note that the company’s 2% distribution hike in February has it on pace for 2016 to mark the second consecutive year in which it has raised its annual distribution.

3. American Hotel Income Properties REIT LP

American Hotel Income Properties REIT LP (TSX:HOT.UN) owns and operates 80 hotels, comprising of 7,072 guest rooms in 27 U.S. states. It has 45 of its hotels focused on serving the crews of railroad companies, and 35 of its hotels are located in close proximity to railroads, airports, highway interchanges, and other transportation hubs and stable demand generators.

It pays a monthly distribution US$0.054 per share, or US$0.648 per share annually, giving its stock a yield of about 8.1% at today’s levels. It’s also important to note that the company has maintained this annual rate since it went public in 2013, but it did convert to U.S. dollar–denominated distributions earlier this year.

4. Absolute Software

Absolute Software (TSX:ABT) is one of the world’s leading providers of persistent endpoint security and data risk-management solutions for computers, tablets, and smartphones.

It pays a quarterly dividend of $0.08 per share, or $0.32 per share annually, giving its stock a yield of about 4.6% at today’s levels. It’s also important to note that the company’s’ two dividend hikes since the start of fiscal 2015, including its 14.3% hike in November, have it on pace for fiscal 2016 to mark the third consecutive year in which it has raised its annual dividend payment.

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

Businessman holding tablet and showing a growing virtual hologram of statistics, graph and chart with arrow up on dark background. Stock market. Business growth, planning and strategy concept
Dividend Stocks

TFSA Magic: Earn Enormous Passive Income That the CRA Can’t Touch

If you're seeking out passive income, with zero taxes involved, then get on board with a TFSA and this portfolio…

Read more »

Man with no money. Businessman holding empty wallet
Dividend Stocks

2 Stocks Under $50 New Investors Can Confidently Buy

There are some great stocks under $50 that every investor needs to know about. Here’s a look at two great…

Read more »

think thought consider
Dividend Stocks

Down 10.88%: Is ATD Stock a Good Buy After Earnings?

Alimentation Couche-Tard (TSX:ATD) stock might not be the easy buy-case it once was. Here’s a look at what happened.

Read more »

money cash dividends
Dividend Stocks

TFSA Dividend Stocks: Earn $1,200/Year Tax-Free

Canadian stocks like Fortis are a must-have in your portfolio to earn tax-free yields for decades.

Read more »

sale discount best price
Dividend Stocks

1 Dividend Stock Down 11 Percent to Buy Right Now

Do you want a great dividend stock down 11% that can provide years of growth potential? Here's one heavily discounted…

Read more »

Growth from coins
Dividend Stocks

1 Grade A Dividend Stock Down 11% to Buy and Hold Forever 

If you're looking for the right dividend stock at the right price, you're going to want to consider this insurance…

Read more »

Target. Stand out from the crowd
Dividend Stocks

2 Dividend Stocks to Double Up on Right Now

Are you looking for dividend stocks to buy right now? Here are two top picks!

Read more »

edit Taxes CRA
Dividend Stocks

Tax Time: How to Keep More of Your Money

Nearly everyone hates paying taxes, although Canadians can lessen the financial pain with the right tax strategies.

Read more »