Becker Milk, Chesswood Group, and Medical Facilities have one big thing in common. They are on my list of the best dividend stocks which have generously contributed to my portfolio income over the past couple of months. A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. As a long term investor with a short term temperament, I highly recommend these top dividend stocks.
The Becker Milk Company Limited (TSX:BEK.B)
The Becker Milk Company Limited owns and manages retail commercial properties primarily in Ontario, Canada. Becker Milk was formed in 1957 and has a market cap of CAD CA$29.21M, putting it in the small-cap group.
BEK.B has a juicy dividend yield of 5.06% and the company has a payout ratio of 82.53% . BEK.B’s dividends have increased in the last 10 years, with DPS increasing from $0.6 to $0.8. They have been dependable too, not missing a single payment in this time. BEK.B is in a financially strong position with zero debt.
Chesswood Group Limited (TSX:CHW)
Chesswood Group Limited, a financial services company, operates primarily in the specialty finance industry. Chesswood Group was started in 1982 and with the company’s market cap sitting at CAD CA$207.12M, it falls under the small-cap group.
CHW has an appealing dividend yield of 7.33% and their current payout ratio is 87.59% . CHW’s DPS have risen to $0.84 from $0.68 over a 10 year period. Much to the delight of shareholders, the company has not missed a payment during this time.
Medical Facilities Corporation (TSX:DR)
Medical Facilities Corporation, through its subsidiaries, owns and operates specialty surgical hospitals and an ambulatory surgery center in the United States. Started in 2004, and run by CEO Robert Horrar, the company employs 1,281 people and with the company’s market cap sitting at CAD CA$430.21M, it falls under the small-cap group.
DR has a sumptuous dividend yield of 8.00% and pays out 70.64% of its profit as dividends , with the expected payout in three years being 96.92%. The company’s DPS has increased from $0.36 to $1.13 over the last 10 years. Much to the delight of shareholders, the company has not missed a payment during this time. Comparing Medical Facilities’s PE ratio against the Global Healthcare industry draws favorable results, with the company’s PE of 9 being below that of its industry (23.4).
For more solid dividend payers to add to your portfolio, you can use our free platform to explore our interactive list of top dividend payers.
To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned.