Dividend stocks such as Accord Financial and Calian Group can help diversify the constant stream of cash flows from your portfolio. A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. Here are other similar dividend stocks that could be valuable additions to your current holdings.
Accord Financial Corp. (TSX:ACD)
Accord Financial Corp., through its subsidiaries, provides asset-based financial services to industrial and commercial enterprises primarily in Canada and the United States. Formed in 1978, and currently headed by CEO Thomas Henderson, the company currently employs 84 people and with the company’s market cap sitting at CAD CA$76.43M, it falls under the small-cap category.
ACD has a sizeable dividend yield of 3.91% and their payout ratio stands at 51.68% . ACD has increased its dividend from $0.22 to $0.36 over the past 10 years. It should comfort existing and potential future shareholders to know that ACD hasn’t missed a payment during this time. Accord Financial seems reasonably priced when looking at its PE ratio (13.2). The industry average suggests that Global Diversified Financial companies are more expensive on average 17.1.
Calian Group Ltd. (TSX:CGY)
Calian Group Ltd. engages in systems engineering, and business and technology services activities in Canada, the United States, and Europe. Established in 1982, and currently lead by Kevin Ford, the company now has 2,900 employees and with the stock’s market cap sitting at CAD CA$242.30M, it comes under the small-cap group.
CGY has a decent dividend yield of 3.54% and their payout ratio stands at 55.21% . CGY’s dividends have seen an increase over the past 10 years, with payments increasing from $0.48 to $1.12 in that time. They have been consistent too, not missing a payment during this 10 year period. Calian Group’s performance over the last 12 months beat the CA Commercial Services and Supplies industry, with the company reporting % EPS growth compared to its industry’s figure of 0.106%.
Airboss of America Corp. (TSX:BOS)
AirBoss of America Corp., through its subsidiaries, develops, manufactures, and sells rubber-based products to the resource, military, automotive, and industrial markets primarily in Canada and the United States. The company now has 1028 employees and has a market cap of CAD CA$242.87M, putting it in the small-cap group.
BOS has a sizeable dividend yield of 3.41% and pays 47.93% of it’s earnings as dividends . BOS’s DPS have risen to $0.28 from $0.05 over a 10 year period. The company has been a dependable payer too, not missing a payment in this 10 year period. Over the next year, analysts are estimating a double digit EPS growth of 46.1%.