A Winning Combination: 5 Stocks With Dividend Yields From 3 - 8% & Payout Ratios Less Than 56%

TM editors' note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.

The TSX dividend stocks on our list today all have payout ratios less than 56%, meaning that their current dividend payout should be safe from the ups and downs of business, but also have attractive dividend yields between 3% and 8%.

By SmallCapPower


1. Tricon Capital Group Inc. (TSE:TCN)(TCNGF) – $8.37
Real Estate Services

Tricon Capital Group Inc. is an asset manager and principal investor focused on the residential real estate industry. The Company operates through five segments. Through Tricon Housing Partners, its land and homebuilding investment vertical, it invests or co-invests in private commingled funds, separate accounts, and sidecars. Tricon American Homes, its single-family rental home investment vertical, has an integrated platform responsible for the acquisition, renovation, leasing and property management of single family rental homes. Tricon Lifestyle Communities is focused on acquiring and managing existing three- to four-star manufactured housing communities.

  • Market Cap: $942.19(mm)
  • Net Income After Taxes (LTM, CAD, Millions): $119.59
  • Payout Ratio: 0.27
  • Div. Yield: 3.4%



2. High Arctic Energy Services Inc. (TSE:HWO)(HGHAF) – $4.61
Oil Related Services and Equipment

High Arctic Energy Services Inc. is a Canada-based company, which focuses on providing contract drilling, completion services, equipment rental and other oilfield services to the oil and gas industry. The Company operates through providing oilfield services to customers in Canada and Papua New Guinea (PNG) segment. In PNG, the product line consists of contract drilling services, workover services, and equipment rental including rig mats, cranes and oilfield related equipment. In Canada, the product line consists primarily of snubbing services and the supply of Cryogenic Liquid Nitrogen Pumping Services and equipment rentals.

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