4 Great TSX Stocks With Over 7% Yields

1
Dividend Lovers! 4 Great TSX Stocks With Over
7 Yields

• Kalkine Media

2

• The coronavirus pandemic exposed companies that
  were unprepared for volatile market conditions in
  2020. While some entities were brutal impacted,
  others adopted swift cost-cutting measures such
  as slicing dividends. By April 2021, the Canadian
  markets were back in green and companies restored
  dividends to the levels before the pandemic hit
  the world. Some even increased their dividend
  payouts to shareholders! 
• According to a report by research firm SP Global
  Market Intelligence, at least 60 companies listed
  on the Toronto Stock Exchange (TSX) increased
  dividends in the first quarter of 2021 and the
  overall number is expected to rise in this year.  

3

• The SP/TSX Composite Index approximately covers
  95 per cent of the Canadian share market and it
  has grown by 13.3 per cent year-to-date (YTD) and
  5.6 per cent quarter-to-date (QTD). This
  indicates that the overall market is in growth
  mode, and market experts suggest that the
  country's main stock index may further climb with
  economic recovery in sight.
• Dividend yields can help understand how much
  profit is distributed by a company during a year
  and is relative to the stock price.

4

• It is not always necessary to consider a high
  dividend yield before investing in a stock. The
  reason we say this is because if the share prices
  are low, the dividend yield can be high. Since
  economic recovery is expected in Canada and the
  stock prices on the TSX could grow further,
  exploring high yield dividend stocks might
  provide you with timely gains this year.

5
Four TSX Stocks With Dividend Yield Over 7

• Energy giant Enbridge Inc. (TSXENB) has been
  around for decades and is engaged in the
  generation and distribution of natural gas and
  oil. As crude prices rebound and some studies
  predict further climb this year, Enbridge is
  likely to capitalize on this opportunity. It pays
  a quarterly dividend of C 0.835 per unit and
  dividend yield is 14 per cent.

6

• The energy company has an 11.1 per cent return on
  equity and has grown by about seven per cent in
  the last one year. It was priced at C 46.78
  apiece on Wednesday, May 26.
• Inovalis Real Estate Investment Trust
  (TSXINO.UN) provides office spaces to companies
  rent and has major business operations in France
  and Germany. Inovalis distributes a monthly
  dividend of C 0.069 and registers a
  current dividend yield of 3 per cent.In Q1 2021,
  the firms rental revenue increased to C 7.4
  million and net rental income was C 4.4 million.
  The stock surged by 14 per cent in the last three
  months and it catapulted by 38.5 per cent in the
  past year.
• MCAN Mortgage Corporation (TSXMKP) is a
  regulated mortgage investment firm and it pays C
  0.34 apiece as a quarterly dividend. It registers
  a dividend yield of 8 per cent. The mortgage
  stock grew by 46.3 per cent in the past year and
  about 16 per cent year-to-date (YTD).In the last
  three months, MKP stock surpassed the TSX 300
  Composite Index and was up 5.7 per cent.
• Labrador Iron Ore Royalty Corporation
  (TSXLIF) is an equity investment company that
  generates its major revenues from the Iron Ore
  Company of Canada. It holds a price-to-earnings
  ratio of 10.3 and offers a 36.01 per cent return
  on assets.

7

• On the dividend front, it pays a quarterly
  dividend of C 1 and holds an amazing dividend
  yield of 9.3 per cent. Labrador had remarkable
  share price growth of 102.6 per cent in the past
  year and outperformed the the SP TSX Steel
  Index. LIF stock grew 16 per cent quarter-to-date 
  and about five per cent last month.
• Please note The above constitutes a preliminary
  view and any interest in stocks should be
  evaluated further from an investment point of
  view. The reference data in this article has been
  partly sourced from Refinitiv