3 Canadian Dividend Stocks You Should Consider
Submitted by Dividend Yield as part of our contributors program.
3 Canadian Dividend Stocks You Should Consider
I’m a big fan of dividend growth stocks because they delivered me solid returns and a growing passive income over the recent years.
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My main focus was on U.S. stocks, which is generally good because the American capitalism works fine, but outside the US there are also good stocks with a predictable business and stable growing dividends.
This week, I look at companies in Canada that have had a history of growing dividends, but more important have the capacity to continue to grow these dividends in the future.
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A key measure of this sustainability can be observed through the payout ratio, which is the ratio of dividends paid to either cash flows or earnings.
A company paying out too high of a percentage in dividends is likely unable to continue to do so in the future. Attached are 11 of my top picks from the results.
I hope you can find there some new ideas. Please share your thoughts about the results. Thank you.
Here are some of my results . . .
Suncor Energy — Yield: 3.02%
Suncor Energy (TSE:SU) employs 13,980 people, generates revenue of $40,490.00 million and has a net income of $2,699.00 million. The current market capitalization stands at $53.63 billion.
Suncor Energy’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $13,054.00 million. The EBITDA margin is 32.24% (the operating margin is 11.34% and the net profit margin 6.67%).
Financials: The total debt represents 16.73% of Suncor Energy assets and the total debt in relation to the equity amounts to 32.04%. Due to the financial situation, a return on equity of 6.52% was realized by Suncor Energy.
Twelve trailing months earnings per share reached a value of $1.83. Last fiscal year, Suncor Energy paid $1.02 in the form of dividends to shareholders.
Market Valuation: Here are the price ratios of the company: The P/E ratio is 20.31, the P/S ratio is 1.32 and the P/B ratio is finally 1.29. The dividend yield amounts to 3.02%. – See more here: 3 Canadian Dividend Stocks You Should Consider….