November was a highly active time for companies to raise their dividends, so let’s take a quick look back at 10 small caps that raised their payouts during the month.
Cogeco Inc. (TSX: CGO) is a diversified holding corporation, and its subsidiaries include Cogeco Media and Cogeco Communications Inc. In its fourth-quarter earnings release on November 2, it announced a 14.7% increase to its quarterly dividend to $0.39 per share, representing $1.56 per share annually, which gives it a yield of about 1.6% at the time of this writing.
Slate Retail REIT (TSX:SRT.UN) is one of the largest owners and managers of retail properties in the U.S. with a portfolio of 85 grocery-anchored properties. In its third-quarter earnings release on November 2, it announced a 3.7% increase to its monthly distribution to US$0.07 per unit, representing US$0.84 per share annually, which gives it a yield of about 8.2% based on the U.S. dollar/Canadian dollar exchange rate at the time of this writing.
CT Real Estate Investment Trust (TSX: CRT.UN) is one of Canada’s largest commercial landlords with a portfolio of over 300 income-producing properties. In its third-quarter earnings release on November 6, it announced a 4% increase to its monthly distribution to $0.06067 per unit, representing $0.728 per unit annually, and this is effective for its January 2018 distribution and gives it a yield of about 5% at the time of this writing.
Boyd Group Income Fund (TSX:BYD.UN) is one of North America’s largest operators of non-franchised collision repair centres with more than 475 locations across Canada and the U.S. In its third-quarter earnings release on November 8, it announced a 2.3% increase to its distribution to $0.044 per unit, representing $0.528 per share annually, which gives it a yield of about 0.5% at the time of this writing.
Corby Spirit and Wine Ltd. (TSX: CSW.A) is one of Canada’s leading marketers and distributors of premium spirits and imported wines. In its fiscal 2018 first-quarter earnings release on November 8, it announced a 4.8% increase to its quarterly dividend to $0.22 per share, representing $0.88 per share annually, which gives it a yield of about 4% at the time of this writing.
Equitable Group Inc. (TSX: EQB) is a growing Canadian financial services company that operates through its wholly owned subsidiary, Equitable Bank, which is the country’s ninth-largest independent Schedule I bank. In its third-quarter earnings release on November 9, it announced a 4.2% increase to its quarterly dividend to $0.25 per share, representing $1.00 per share annually, which gives it a yield of about 1.5% at the time of this writing.
Plaza Retail REIT (TSX: PLZ.UN) is one of Canada’s largest owners and managers of retail real estate with a portfolio of 295 properties located across eight provinces. In its third-quarter earnings release on November 9, it announced a 3.7% increase to its monthly distribution to $0.0233 per unit, representing $0.28 per unit annually, and this is effective for its January 2018 distribution and gives it a yield of about 6.6% at the time of this writing.
Secure Energy Services Inc. (TSX: SES) is an energy infrastructure and services company that provides solutions to the oil and gas industry in western Canada and the United States. In its third-quarter earnings release on November 9, it announced a 5.9% increase to its monthly dividend to $0.0225 per share, representing $0.27 per share annually, and this is effective for its January 2018 payment and gives it a yield of about 3.4% at the time of this writing.
High Liner Foods Inc. (TSX: HLF) is one of North America’s largest processors and distributors of value-added frozen seafood. In its third-quarter earnings release on November 9, it announced a 3.6% increase to its quarterly dividend to $0.145 per share, representing $0.58 per share annually, which gives it a yield of about 4.25% at the time of this writing.
InterRent Real Estate Investment Trust (TSX: IIP.UN) is one of the largest owners and managers of multi-residential properties in Ontario and Quebec with a portfolio of 8,065 suites. In its third-quarter earnings release on November 14, it announced an 11.1% increase to its monthly distribution to $0.0225 per unit, representing $0.27 per unit annually, which gives it a yield of about 3% at the time of this writing.
