Thursday , 21 November 2024

4 Penny Stocks With +10% Dividend Growth

A dividend-paying stock provides protection against capital depreciation, as well as a constant stream of income. The stocks on our list today have a track record of increasing their dividend payouts by more than 10% compounded.
The comments above and below are excerpts from an article by SmallCapPower.com which has been edited ([ ]) and abridged (…) to provide a faster and easier read.

SciVacHorizon North Logistics Inc. (TSE:HNL) – $2.04
Hotels, Motels & Cruise Lines

Horizon North Logistics Inc. (Horizon North) is a Canada-based remote resource development service company that provides workforce accommodation solutions, camp management and catering services, and road and access matting solutions. The Company’s segments include Camps & Catering, Matting and Corporate.

  • Market Cap: 272,928,893
  • Revenues: 313,830,000
  • Dividend Yield: 3.90%
  • Dividend Growth (CAGR): 21%

SciVacNewalta Corp. (TSE:NAL) – $2.69
Environmental Services & Equipment

Newalta Corporation is a Canada-based provider of engineered environmental solutions to the oil and gas industry. The Company’s segments include Heavy Oil and Oilfield. It offers a range of services to manage oil and natural gas-related waste materials that are generated through a range of stages of oil or natural gas well.

  • Market Cap: 237,118,518
  • Revenues: 238,598,000
  • Dividend Yield: 9.30%
  • Dividend Growth (CAGR): 11%

SciVacFinancial 15 Split Corp. (TSE:FTN) – $8.03
Mutual Funds

Financial 15 Split Corporation is a mutual fund company, which invests primarily in over 15 Canadian and the United States financial services companies. It offers over two types of shares, such as Preferred Shares and Class A Shares.

  • Market Cap: 215,285,203.21
  • Revenues: 8,776,770
  • Dividend Yield: 18.8%
  • Dividend Growth (CAGR): 25%

SciVacNorth American Financial 15 Split Corp (TSE:FFN) – 5.86
Mutual Funds

North American Financial 15 Split Corporation is a mutual fund company that invests in over 10 financial services companies in Canada and the United States. It offers two types of shares: preferred shares and class A shares.

  • Market Cap: 114,570,744.63
  • Revenues: 5,801,700
  • Dividend Yield: 20.50%
  • Dividend Growth (CAGR): 20%

Disclosure: The above article has been edited ([ ]) and abridged (…) by the editorial team at munKNEE.com (Your Key to Making Money!) to provide a fast and easy read.
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