10 Canadian dividend growth stocks increasing dividends la gas prices 2016

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Sylogist is a small cap software company that has no long-term debt. They provide enterprise resource planning (“ERP”) solutions, including fund accounting, grant management and payroll to public service organizations. Sylogist’s public service customers include Local Governments, Non-Profit Organizations (“NPO”), Non-Governmental Organizations (“NGO”), Education Boards and Districts and Defense and Safety Contractors.

The Company currently has over 1,000 customers worldwide that range in size and operational complexity. The vast majority of the Company’s customers are in USA and Canada and the remainder in “UK and other” (which encompasses Latin America, Lebanon, Africa and Europe). gas after eating Most of Sylogist’s customers are on annual contracts, which automatically renew. Given the nature of the Company’s product offering and the importance to its customers, the average customer life is more than 10 years. Sylogist Dividends

Sylogist Ltd. which has a dividend streak of 7 years recently increased their quarterly dividend 18.8% from $0.0800 CAD to $0.0950 CAD. This dividend increase comes into effect with the dividend recorded on Nov 30, 2018. The dividend yield as of December 7, 2018, was 3.0%, and they have a 5-year average annual dividend growth rate of 16.5%.

Sometimes smaller companies will cut their dividend even when it appears safe. It is usually to do with a large expansion where they need the additional funding or a change in their capital allocation strategy. I’m not saying this will happen with Sylogist, but in general, smaller companies have more flexible capital allocation policies so I’m a bit more cautious with them.

Canadian Tire which has a dividend streak of 7 years recently increased their quarterly dividend 15.3% from $0.9000 CAD to $1.0375 CAD. This dividend increase comes into effect with the dividend recorded on Jan 31, 2019. la gasolina mp3 The dividend yield as of December 7, 2018, was 2.9%, and they have 5 and 10-year average annual dividend growth rates of 16.7% and 13.7% respectively.

“Canadian Tire’s policy is to maintain dividend payments equal to approximately 30% to 40% of the prior year’s normalized earnings, after giving consideration to the period-end cash position, future cash requirements, capital market conditions and investment opportunities. Normalized earnings for this purpose excludes gains and losses on the sale of credit card and loans receivable and non-recurring items but includes gains and losses on the ordinary course disposition of property and equipment.”

Retail is a hard industry to survive in long-term as it is largely cyclical and reliant on the economy so it’s not always a good fit for a dividend growth strategy. That said, Canadian Tire was able to keep their dividend steady throughout the 2008/2009 global financial crisis and it has a low payout ratio of around 30% so it can probably handle another challenging economic time should one come up.

TECSYS is a leading provider of warehouse management software, distribution management software, and transportation management software, as well as complete financial management and analytics. The Company’s customers include mid-size and Fortune 1000 corporations in healthcare, third-party logistics and high-volume distribution industries such as import-to-retail, industrial distribution, and service parts.

Tecsys Inc. which has a dividend streak of 10 years recently increased their quarterly dividend 10.0% from $0.0500 CAD to $0.0550 CAD. This dividend increase comes into effect with the dividend recorded on Dec 21, 2018. The dividend yield as of December 7, 2018, was 1.6%, and they have a 5-year average annual dividend growth rate of 23.3%.

InterRent Real Estate Investment Trust has a diversified portfolio of multi-residential properties in Ontario and Quebec. b games car As of December 31, 2017, the Trust’s portfolio was comprised of 72 Properties containing 8,660 suites with about 21% located in mid-sized population markets, and the remaining 79% located in the Greater Toronto Area (GTA) (including Hamilton), Montreal and the National Capital Region (NCR).

InterRent REIT which has a dividend streak of 6 years recently increased their monthly dividend 7.4% from $0.0225 CAD to $0.0242 CAD. This dividend increase comes into effect with the dividend recorded on Nov 30, 2018. The dividend yield as of December 7, 2018, was 2.2%, and they have 5 and 10-year average annual dividend growth rates of 12.6% and -3.4% respectively.

The 10-year dividend growth rate is negative because InterRent REIT began monthly distributions in March 2007 at $0.0317 per unit, but in May of 2008, they announced that the June 2008 distribution was being reduced to $0.0217 per unit. gas efficient cars Then they announced another decrease in December 2008, with the January 2009 monthly distribution dropping to $0.01 per unit.

George Weston Ltd owns almost half of Loblaw Companies Limited (L.TO); which has the largest network of grocery stores and pharmacies in Canada. Their investment in Loblaws contributes to the vast majority of their sales, but they also have a Weston Foods division. This division produces a variety of fresh, frozen and specialty bakery products including breads, rolls, bagels, tortillas, donuts, cakes, pies, cookies, crackers and other baked goods in North America.

Telus Corporation which has a dividend streak of 14 years recently increased their quarterly dividend 3.8% from $0.5250 CAD to $0.5450 CAD. This dividend increase comes into effect with the dividend recorded on Dec 11, 2018. The dividend yield as of December 7, 2018, was 4.6%, and they have 5 and 10-year average annual dividend growth rates of 10.1% and 9.6% respectively.

The problem I’m having is that their payout ratio guideline is a bit on the high side in general. Typically, I like to see a 60% or less payout ratio but will go up to 70% for utilities where the cash flow is a bit more predictable. bp gas station I think I’d be OK with a payout ratio around 70% for Telus, but I’d want a bit higher of yield, say +5% because I expect the dividend growth to slow over the long term.

Equitable Group Inc operates through its subsidiary Equitable Bank which is a branchless Canadian bank that offers residential lending, commercial lending and savings solutions. Their residential mortgages are to customers who have the financial resources to achieve real estate ownership but don’t qualify for a mortgage in the prime market. This includes self-employed borrowers, new Canadians, and the credit challenged.

Equitable Group Inc which has a dividend streak of 7 years recently increased their quarterly dividend 3.7% from $0.2700 CAD to $0.2800 CAD. This dividend increase comes into effect with the dividend recorded on Dec 14, 2018. The dividend yield as of December 7, 2018, was 1.8%, and they have 5 and 10-year average annual dividend growth rates of 12.8% and 9.0% respectively.

Yes, the dividend growth has been strong recently, but the yield is low. If you are looking to add Canadian financials start with the Big 5 banks first, before you start to look at other companies in this sector. I feel like the big banks give you a better mix of high dividend yield and decent dividend growth prospects, plus they are in a much better financial position (Higher credit ratings) than Equitable Group.

Boyd Group Income Fund which has a dividend streak of 11 years recently increased their monthly dividend 2.3% from $0.0440 CAD to $0.0450 CAD. z gas guatemala This dividend increase comes into effect with the dividend recorded on Nov 30, 2018. The dividend yield as of December 7, 2018, was 0.5%, and they have 5 and 10-year average annual dividend growth rates of 2.7% and 33.0% respectively.

Inter Pipeline which has a dividend streak of 9 years recently increased their monthly dividend 1.8% from $0.1400 CAD to $0.1425 CAD. This dividend increase comes into effect with the dividend recorded on Nov 22, 2018. The dividend yield as of December 7, 2018, was 8.2%, and they have 5 and 10-year average annual dividend growth rates of 9.1% and 6.9% respectively.