5 Small Caps That Have Generated +25% Dividend Growth In The Past Year

Dividends provide safety and security since shareholders get paid even if the stock price underperforms. Most companies issuing dividends are at a comfortable stage in their business cycle, which is often followed up by an increase in dividends per share and, today, we have identified 5 TSX small cap stocks that have increased their dividend payout by over 25% this past year.

Written by SmallCapPower.com

1. Intertape Polymer Group Inc. (TSX: ITP)(ITPOF) – $23.94 Canadian
Non-Paper Containers & Packaging

Intertape Polymer Group Inc. is a Canada-based company that operates in the specialty packaging industry in North America.

It develops, manufactures and sells a range of paper and film-based pressure sensitive and water activated tapes, polyethylene and specialized polyolefin packaging films, woven coated fabrics and complementary packaging systems for industrial and retail use. Its products consist of carton sealing tapes, including pressure sensitive and water-activated tapes; industrial and performance specialty tapes, including masking, duct, electrical and reinforced filament tapes; shrink film; stretch wrap; lumber wrap, structure fabrics and geomembrane fabrics, and non-manufactured flexible intermediate bulk containers.

  • Market Cap: $1,414 million CAD
  • Total Revenue (LTM):1,051.0 million CAD
  • Dividend per Share (DPS) (FY0): $0.67 CAD
  • Y/Y DPS Growth: 31%

2. Home Capital Group Inc. (TSX: HCG)(HMCBF) – $29.27 Canadian
Banks

Home Capital Group Inc. is a Canada-based holding company, which operates primarily through its subsidiary, Home Trust Company (Home Trust). The Company, through its subsidiary, offers residential and non-residential mortgage lending, securitization of insured residential first mortgage products, consumer lending and credit card products.

Home Trust also offers deposits through brokers and financial planners, and through its direct to consumer deposit brand, Oaken Financial. The Company’s subsidiary, Payment Services Interactive Gateway Inc. (PSiGate), provides payment card services.

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