Enghouse Systems And 2 Additional Premier TSX Dividend Stocks
In This Article:
As the Canadian economy experiences a cooling labor market and anticipates further rate cuts from the Bank of Canada, investors are presented with a potentially favorable environment for financial markets. In this context, dividend stocks can offer stability and income, making them an attractive option; Enghouse Systems and two other premier TSX dividend stocks exemplify how quality investments can thrive even amidst economic shifts.
Top 10 Dividend Stocks In Canada
| Name | Dividend Yield | Dividend Rating |
| Whitecap Resources (TSX:WCP) | 6.87% | ★★★★★★ |
| Acadian Timber (TSX:ADN) | 6.58% | ★★★★★★ |
| Olympia Financial Group (TSX:OLY) | 7.27% | ★★★★★☆ |
| Power Corporation of Canada (TSX:POW) | 4.84% | ★★★★★☆ |
| Enghouse Systems (TSX:ENGH) | 3.40% | ★★★★★☆ |
| Canadian Natural Resources (TSX:CNQ) | 4.35% | ★★★★★☆ |
| Russel Metals (TSX:RUS) | 3.84% | ★★★★★☆ |
| National Bank of Canada (TSX:NA) | 3.31% | ★★★★★☆ |
| Royal Bank of Canada (TSX:RY) | 3.29% | ★★★★★☆ |
| Sun Life Financial (TSX:SLF) | 4.07% | ★★★★★☆ |
Click here to see the full list of 27 stocks from our Top TSX Dividend Stocks screener.
Here's a peek at a few of the choices from the screener.
Enghouse Systems
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Enghouse Systems Limited, along with its subsidiaries, develops enterprise software solutions globally and has a market cap of CA$1.68 billion.
Operations: Enghouse Systems Limited generates revenue through its Asset Management Group, contributing CA$187.17 million, and its Interactive Management Group, which brings in CA$312.77 million.
Dividend Yield: 3.4%
Enghouse Systems offers a stable dividend yield of 3.4%, supported by a sustainable payout ratio of 66% from earnings and 45.4% from cash flows. The company's dividends have been reliable and growing over the past decade, though they are lower than the top Canadian dividend payers. Recent financial results show increased revenue and net income, supporting continued dividend payments, while recent executive changes might impact future strategy.
Olympia Financial Group
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Olympia Financial Group Inc., with a market cap of CA$235.82 million, operates in Canada as a non-deposit taking trust company through its subsidiary, Olympia Trust Company.
Operations: Olympia Financial Group Inc.'s revenue segments include Investment Account Services (CA$79.02 million), Health (CA$10.21 million), Currency and Global Payments (CA$8.43 million), Corporate and Shareholder Services (CA$3.98 million), Exempt Edge (CA$1.41 million), and Corporate (CA$0.13 million).