5 High-Yield Dividend Stocks Are All You Need to Get Rich

TSX investors get rich not only from capital gains but from dividends too. The Fiera Capital stock, Diversified Royalty stock, Anglo Pacific stock, Aura Minerals stock, and Alaris Equity stock are the money-makers you can own today.

| More on:
Two hands holding champagne glasses toasting each other with Paris in the background

Image source: Getty Images.

People make money on the stock market by buying low and selling high. It’s a rule of thumb, if not the classic strategy when investing in stocks. However, some investors pay more attention to dividends than price appreciation. If you’re chasing after high-yield dividend stocks to get rich, the following are five money-makers.

Global investment manager

Fiera Capital (TSX:FSZ) is tops on the list of yield-hungry investors. The $1.08 billion independent asset management firm pays an ultra-high 8.06% dividend. At $10.42 per share, a $20,000 capital will produce $1,612 in investment income.

As of June 30, 2021, Fiera has about $179.5 billion in assets under management (AUM). The company offers customized multi-asset solutions across public and private market asset classes. It caters to institutional, financial intermediary, and private wealth clients. The reach is global, from North America to Europe and key Asian markets.

Top-line royalties

Diversified Royalty (TSX:DIV) is as attractive as Fiera Capital for its 7.42% dividend. Also, the share price of $2.85 is considerably lower. Your $15,000 investment will generate $1,113 in passive income.

The $346.42 million multi-royalty company acquires top-line royalties. Currently, it has six royalty partners, all of which are well-managed multi-location businesses and franchisors in North America. Diversified owns the trademarks to AIR MILES, Mr. Lube, Mr. Mikes, Sutton, Nurse Next Door, and Oxford Learning Centres.

Natural resources company

Anglo Pacific Group (TSX:APY) acquires mining and exploration interests in Australia, North and South America, and Europe. The $504.52 million natural resources royalty and streaming company from the U.K. has been in existence since 1967.

The current share price is $2.35, while the dividend yield is a juicy 6.80%. Management’s growth strategy is to invest in high-quality projects in preferred jurisdictions with trusted counterparties. Anglo’s primary focus is on producing or near-term producing long-life assets in established natural resources jurisdictions.

Gold and copper producer

Aura Minerals (TSX:ORA) has so far displayed resiliency on the TSX. Investors enjoy a 7.73% year-to-date gain. Currently, the mining stock trades at $14.85 per share and pays a lucrative 6.77% dividend. The $1.08 billion company mines essential minerals, specifically gold and copper, in Latin America and the United States.

Last year was a challenging period for Aura. However, the business made a turnaround in the first half of 2021. Management reported a 108% increase in net revenue versus the same period in 2020. The net income for the period was US$35.5 million compared to a net loss of US$13.7 million a year ago.

Unique investment structure

Alaris Equity Partners (TSX:AD) has a unique business model and investment structure. The $837.64 million company provides long-term capital to lower middle-market companies that are leaders in their respective industries. It can also be a permanent equity partner to private companies without gaining control of management.

In Q2 2021 (quarter ended June 30, 2021), the $34.9 million revenue was Alaris’s largest quarterly revenue ever. It was also a record period of total capital deployment (more than $400 million). You can purchase Alaris at $18.63 per share to partake of the hefty 6.66% dividend.

Double your money

The average yield of the five dividend stocks is a high of 7.14%. Any investment amount will probably double in 10 years. However, before you invest, make sure your risk appetite aligns with the inherent risks in the respective businesses.

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 Christopher Liew has no position in any of the stocks mentioned. The Motley Fool recommends Alaris Equity Partners Income Trust.

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 »