Hungry for Income Amid Volatility? Try These Stocks With 7-8% Dividend Yields

Corus Entertainment Inc. (TSX:CJR.B) and others provide extremely attractive income as investors flee risky assets in a rocky market.

Ambrose O'Callaghan

Ambrose O'Callaghan graduated with a BA in Political Science from McMaster University. After that, he jumped into the banking world. He worked from the front line to an investment associate role. After that, he found a way to marry his experience and knowledge in the world of banking and finance to his love and passion for writing. Ambrose is a passionate believer in Warren Buffett's value investing model.

Published August 21, 2017 12:10 pm EDT

Investors should be looking for safety and security provided by monthly or quarterly dividends in periods of volatility in the Canadian and American markets. Let’s take a look at three dividend stocks with very attractive yields that you can add to your portfolio to provide tasty income.

Corus Entertainment Inc.

Corus Entertainment Inc. (TSX: CJR.B) is a Toronto-based media and broadcasting company with holdings in radio, publishing, and television. It owns the Global Television Network and a large chunk of the children’s television market, including Treehouse TV, YTV, Teletoon, and others. On June 27, the company posted its fiscal 2017 third-quarter results. Consolidated revenues grew 28%, profit increased 35%, and the company reported net income of $66.7 million, or $0.33 per share. Corus also saw advertiser and subscriber revenues grow in the third quarter.

The stock boasts a dividend of $0.09 per share, representing an 8% dividend yield. The stock has increased 10% in 2017 as hyped acquisitions and solid earnings pushed the stock higher. It offers great value for investors looking for income in their portfolios.

Brookfield Real Estate Services Inc.

Brookfield Real Estate Services Inc. (TSX: BRE) is a multi-brand real estate franchisor and corporate brokerage operation. It provides services to more than 15,000 residential real estate brokers and agents across the country. The company released its second-quarter results on August 11. Cash flow from operations increased to $9.2 million, or $0.72 per share, representing a 14.6% increase from the second quarter of 2016. Net earnings saw growth to $3.3 million, or $0.35 per share, compared to $1.2 million, or $0.12 per share, in Q2 2016.

The board of directors announced a dividend of $0.1125 per share payable September 30, 2017, to shareholders, representing an 8% dividend yield. The stock has experienced growth of 4% in 2017, but it dipped almost 6% month over month due to uncertainty in the real estate industry. Brookfield boasts a monster dividend, but there is some concern about the precariousness of said offering. Prospective buyers may want to monitor the developing situation in real estate before pulling the trigger.

Altagas Ltd.

Altagas Ltd. (TSX: ALA) is a Canadian diversified energy infrastructure company. It owns and operates assets in North America to provide clean and affordable energy. On July 27, Altagas posted its second-quarter earnings. It reported an 8% increase in normalized EBITDA to $166 million compared to the second quarter of 2016. The company announced progress on over $700 million in gas construction projects, and it is launching an asset sale process, which will include gas-fired power-generation assets in California. It posted net income of $28 million, or $0.17 per share.

The board of directors approved a dividend of $0.17 per share, representing a 7.5% dividend yield. The stock has suffered with slumping oil prices, which have driven it down 18% in 2017. With large projects in the pipeline and oil prices that appear to be stabilizing, investors can add a stock with an attractive dividend to their portfolios for a possible bargain.