Morguard Real Estate Investment Trust is one of the companies that can help improve your portfolio income through large dividend payouts. Great dividend payers create a safe bet to increase investors’ portfolio value as payouts provide steady income and cushion against market risks. A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. I’ve made a list of other value-adding dividend-paying stocks for you to consider for your investment portfolio.
Morguard Real Estate Investment Trust (TSX:MRT.UN)
The Trust is a closed-end real estate investment trust, which owns a diversified portfolio of 49 retail, office and industrial income producing properties in Canada with a book value of $3.0 billion and approximately 8.8 million square feet of leasable space. The company was established in 1997 and with the stock’s market cap sitting at CAD CA$841.31M, it comes under the small-cap group.
MRT.UN has a substantial dividend yield of 6.96% and is paying out 85.76% of profits as dividends . In the case of MRT.UN, they have increased their dividend per share from $0.9 to $0.96 so in the past 10 years. They have been reliable as well, ensuring that shareholders haven’t missed a payment during this 10 year period.
Chorus Aviation Inc. (TSX:CHR)
Chorus Aviation Inc., through its subsidiaries, engages in the airline business in Canada and the United States. Formed in 2010, and currently headed by CEO Joseph Randell, the company provides employment to 4,870 people and with the market cap of CAD CA$1.10B, it falls under the small-cap stocks category.
CHR has a sumptuous dividend yield of 4.96% and their current payout ratio is 37.03% , with the expected payout in three years hitting 44.69%. Despite CHR’s last payment of $0.48 being lower than their dividend per share 10 years ago of $1.0056, the company has been reliable in its payout to shareholders, not missing a payment during this time. The company outperformed the CA Airlines industry’s earnings growth of 0.275435%, reporting an EPS growth of % over the past 12 months.
Killam Apartment REIT (TSX:KMP.UN)
Killam Apartment REIT, based in Halifax, NS, is one of Canada’s largest residential landlords, owning, operating, managing and developing a $2.1 billion portfolio of apartments and manufactured home community (“MHC”) properties. Established in 2000, and now led by CEO Philip Fraser, the company employs 565 people and with the market cap of CAD CA$1.14B, it falls under the small-cap category.