4 Dividend Stocks to Hold in the Second Half of 2018

The latter half of 2018 may bring fireworks which should inspire investors to look to income-yielding stocks like Brookfield Renewable Partners LP (TSX:BEP.UN)(NYSE:BEP).

| More on:
Man holding magnifying glass over a document

Image source: Getty Images.

You’re reading a free article with opinions that may differ from The Motley Fool’s premium investing services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn more

Canadian stocks have managed to bounce back in July after a choppy final week of June. Trade tensions remain a threat, but that doesn’t mean investors should remain on the sidelines this summer. Today we’ll look at four stocks to target that can provide income after the halfway point.

Logistec Corp. (TSX:LGT.B)

Logistec provides cargo handling and other services to marine, industrial, and municipal customers. Shares of Logistec were up 26% in 2018 as of close on July 4, and the stock was up over 60% year over year. The company released its first-quarter results on May 10.

Consolidated revenue rose 37.2% year-over-year to $82.4 million in the first quarter. The marine services segment posted revenue growth of 53.2%, while environmental services reported 2.1% growth. Logistec reported a consolidated loss attributable to shareholders of $9.5 million compared to $1.5 million in the prior year. Its acquisition of FER-PAL Construction Ltd. was a drag on earnings. Revenues for environmental services are also hindered during winter months.

The company announced a quarterly dividend of $0.09075 per Class B share, representing a modest 0.6% dividend yield.

Aecon Group Inc. (TSX:ARE)

Aecon Group is a Canadian infrastructure, energy, and mining company. Its shares were down over 20% in 2018 as of close on July 4. The stock took a hit after the federal government elected to torpedo its sale to China’s CCC International Holding Ltd. It did so on national security grounds, which echoes moves made south of the border aimed at scaling back Chinese investment in North America.

The scuttling of the deal should not steer investors away from Aecon, however. In the first quarter, the company reported a backlog of $4.6 billion compared to $4.2 billion as at December 31, 2017. It projects this backlog to reach record levels in the second quarter. The company also announced a quarterly dividend of $0.125 per share, representing a 3.2% dividend yield.

Fiera Capital Corp. (TSX:FSZ)

Fiera Capital is a Montreal-based asset management company. Its stock was down over 14% year-over-year as of close on July 4. Predictably, its stock price has been sensitive to market turmoil. Earlier this year, asset manager Candice Bangsund projected that the TSX would reach above the 17,000 mark by the end of 2018.

In the first quarter of 2018, Fiera posted an 8% increase in assets under management compared to the prior year – reaching $131.4 billion. Quarterly revenues rose 19%. The board of directors also declared a dividend of $0.19 per Class A share, thereby representing an attractive 6.3% dividend yield.

Brookfield Renewable Partners LP (TSX:BEP.UN)(NYSE:BEP)

Brookfield Renewable Partners was down 8% in 2018 as of close on July 4. In spite of this, the stock is still a no-brainer when we glance at the growth potential in the clean energy sector. This subsidiary is well positioned to take advantage of this trajectory going forward. The stock boasts a quarterly dividend of $0.49 per share, representing a 6.1% dividend yield.

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 Ambrose O'Callaghan has no position in any of the stocks mentioned. Brookfield Renewable Partners is a recommendation of Dividend Investor Canada.

More on Dividend Stocks

Money growing in soil , Business success concept.
Dividend Stocks

Got $4,000? 4 Simple TSX Stocks to Buy Right Now

The macroeconomic environment is tense but investing can be simple. Here are four stocks to buy now and book your…

Read more »

Growth from coins
Dividend Stocks

What’s More Effective: 1 Growth Stock or 1 Dividend Stock for High Returns?

Let's settle the age old debate. If you had invested in a huge growth stock or a solid dividend stock,…

Read more »

money cash dividends
Dividend Stocks

Need a 2nd Income? 3 Stocks (With Monthly Dividends) to Buy and Hold

Need extra cash? These cheap Canadian stocks pay monthly dividends and are offering lucrative yield to start a passive-income stream.

Read more »

Gold king in chess game face with the another silver team on black background (Concept for company strategy, business victory or decision)
Dividend Stocks

2 Canadian Dividend Aristocrats to Buy in August

These two Dividend Aristocrats could help Canadian investors earn consistent passive income, even in difficult economic times.

Read more »

Increasing yield
Dividend Stocks

2 Canadian Stocks to Buy With Dividends Yielding More Than 3%

Investors can now buy top TSX dividend stocks at cheap prices for TFSA and RRSP portfolios focused on passive income…

Read more »

Various Canadian dollars in gray pants pocket
Dividend Stocks

TFSA Investors: 3 Dividend Stocks That Pay You Monthly

Starting a monthly passive income from your TFSA won't just help with a few small routine expenses; it will also…

Read more »

The sun sets behind a high voltage telecom tower.
Dividend Stocks

BCE Stock: A Dividend Heavyweight That Could Take Share From Rogers

BCE (TSX:BCE)(NYSE:BCE) stock is a nearly 6% yielding behemoth that could skyrocket, as it takes share from rivals.

Read more »

data analyze research
Dividend Stocks

New Investors: 2 Great Long-Term Picks to Consider Today

New investors searching for long-term picks can consider adding these two TSX stocks to their portfolios.

Read more »