Evertz Technologies And 2 Other Solid TSX Dividend Stocks

Over the last 7 days, the Canadian market has risen 1.1%, and over the past 12 months, it is up 15%. With earnings expected to grow by 16% per annum over the next few years, identifying solid dividend stocks like Evertz Technologies becomes crucial for investors seeking reliable income and growth potential in this favorable market environment.

Top 10 Dividend Stocks In Canada

Click here to see the full list of 34 stocks from our Top TSX Dividend Stocks screener.

Underneath we present a selection of stocks filtered out by our screen.

Evertz Technologies

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Evertz Technologies Limited designs, manufactures, and distributes video and audio infrastructure solutions for production, post-production, broadcast, and telecommunications markets globally with a market cap of CA$995.57 million.

Operations: Evertz Technologies Limited generates revenue primarily from the Television Broadcast Equipment Market, amounting to CA$514.62 million.

Dividend Yield: 5.9%

Evertz Technologies offers a dividend yield of 5.89%, which is below the top 25% in the Canadian market but has increased over the past decade. The dividends are well-covered by earnings (84%) and cash flows (43.9%). Despite its unstable dividend history, Evertz trades at a significant discount to its estimated fair value and has shown recent earnings growth of 9.6%. Recent quarterly results showed decreased net income but annual sales and net income have improved year-over-year.

• Click here to discover the nuances of Evertz Technologies with our detailed analytical dividend report.

• The analysis detailed in our Evertz Technologies valuation report hints at an deflated share price compared to its estimated value.

Quebecor

Simply Wall St Dividend Rating: ★★★★★☆

Overview: Quebecor Inc., with a market cap of CA$7.79 billion, operates in the telecommunications, media, and sports and entertainment sectors in Canada.

Operations: Quebecor Inc.'s revenue segments include CA$4.89 billion from telecommunications, CA$724 million from media, and CA$208.20 million from sports and entertainment.

Dividend Yield: 3.8%

Quebecor Inc. recently reported Q2 2024 earnings with net income rising to C$207.6 million from C$174.1 million a year ago, and announced a quarterly dividend of C$0.325 per share payable on September 17, 2024. The company has a reliable dividend history over the past decade, with dividends well-covered by earnings (39.2%) and cash flows (44.6%). Additionally, Quebecor authorized a share repurchase program for up to six million shares, enhancing shareholder value further.

• Navigate through the intricacies of Quebecor with our comprehensive dividend report here.

• Our expertly prepared valuation report Quebecor implies its share price may be lower than expected.

Rogers Sugar

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Rogers Sugar Inc. is involved in refining, packaging, marketing, and distributing sugar and maple products across Canada, the United States, Europe, and internationally with a market cap of CA$717.61 million.

Operations: Rogers Sugar Inc. generates revenue primarily from its sugar segment, which accounts for CA$981.45 million, and maple products segment, contributing CA$225.32 million.

Dividend Yield: 6.4%

Rogers Sugar Inc. reported Q3 2024 earnings with sales of C$309.09 million, up from C$262.29 million a year ago, but net income dropped to C$7.38 million from C$14.18 million. The company declared a quarterly dividend of C$0.09 per share, payable on October 10, 2024. Despite a high dividend yield (6.42%) and stable past dividends, the payout is not well-covered by free cash flows or earnings and has been unreliable over the past decade due to volatility and lack of growth in payments.

• Click to explore a detailed breakdown of our findings in Rogers Sugar's dividend report.

• Our comprehensive valuation report raises the possibility that Rogers Sugar is priced lower than what may be justified by its financials.

Next Steps

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include TSX:ET TSX:QBR.A and TSX:RSI.

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