5 Canadian Small Caps Increasing Their Dividend Payout
Sean Mason, SmallCapPower.com | Jul 05, 2015 07:15AM ET
When choosing dividend-paying stocks, one metric to look at is the dividend payout, as measured by taking total dividends paid out to common shareholders and dividing it by the net income available. A ratio above 50% can be a sign the company is at a slowing stage in its business cycle and is purely distributing most of its income back to shareholders, although the companies on our list today are still increasing its dividend payout.
Western Energy Services Corp. (TO:WRG) - $5.76
Sector: Oil & Gas Drilling
Western Energy Services Corp is a Canada-based oilfield service company that provides contract drilling services, well servicing and oilfield rental equipment services. The Company's operational segments include contract drilling, production services and corporate. The Contract drilling segment includes drilling rigs along with related equipment. The Production services segment includes well servicing rigs and related equipment, as well as oilfield rental equipment.
- Market Cap: $435,040,427
- Revenues (LTM): $452,266,000
- Dividend Payout (LTM): 86.5%
- Dividend Payout Increase (% net): 38.1%
Supremex Inc. (TO:SXP) - $4.80
Sector: Paper Products
Supremex Inc. is a Canada-based company that provides stock and custom manufactured envelopes and mail packaging products to Canadians and customers in the United States. The Company provides standard and specially manufactured, plain and printed mailing products. Its portfolio of products include envelopes, which includes stock envelops, custom envelops and integrated envelops and related products, such as bubble mailers.
- Market Cap: $139,017,418
- Revenues (LTM): $132,680,160
- Dividend Payout (LTM): 56.5%
- Dividend Payout Increase (% net): 16.5%
Aecon Group Inc. (TO:ARE) - $12.36
Sector: Construction & Engineering
Aecon Group Inc. is a Canada-based construction and infrastructure development company. It operates in four segments: Infrastructure, Energy, Mining and Concessions.
- Market Cap: $724,990,046
- Revenues (LTM): $2,653,725,000
- Dividend Payout (LTM): 53.6%
- Dividend Payout Increase (% net): 12.1%
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Trimac Transportation Ltd. (TO:TMA) - $6.18
Sector: Ground Freight & Logistics
Trimac Transportation Ltd. is a Canada-based company engaged in the provision of bulk trucking, repairs, maintenance and washrack services in Canada, as well as logistics services to the transportation industry in Canada and the United States. The Company operates business through three segments, which include bulk trucking operations, bulk plus logistics (BPL) and national tank services (NTS).
- Market Cap: $175,243,463
- Revenues (LTM): $438,359,000
- Dividend Payout (LTM): 74.2%
- Dividend Payout Increase (% net): 7.6%
Caribbean Utilities Co Ltd. (TO:CUP-U) - $10.71
Sector: Electric Utilities
Caribbean Utilities Company, Ltd. (CUC) is engaged in the generation, transmission and distribution of electricity in its license area of Grand Cayman, Cayman Islands. The Company provides this service pursuant to a 20-year transmission and distribution license, and a 21.5-year generation license granted by the Cayman Islands Government, which expires in April 2028 and September 2029, respectively. It has an installed generating capacity of approximately 150 megawatts, eight transformer substations, approximately 438 miles of land-based high-voltage transmission and distribution lines and 15 miles of high-voltage submarine cable. The Company’s power system consists of 19 generating units (18 diesel and two gas turbines). It relies upon diesel generation to produce electricity for Grand Cayman. CUC’s wholly owned subsidiary, DataLink, Ltd. has a license to provide fiber optic infrastructure and other information and communication technology services.
- Market Cap: $423,620,647
- Revenues (LTM): $260,766,892
- Dividend Payout (LTM): 93.8%
- Dividend Payout Increase (% net): 2.2%
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