There are around 4000 publicly traded companies in the U.S. and nearly 84% of S&P 500 companies pay a dividend. While the large, more common companies get mentioned a lot and are probably already in our portfolio, sometimes it is good to look for hidden gems throughout the market to find good opportunities that may be off most investors’ radar.
Here are 10 potentially obscure dividend growth companies that you may not have heard of.
- ATCO LTD (ACLLF /ACO-X.TO)
ATCO is a Canadian company that is quite diverse both in their business lines and geographic reach.
Per the ATCO website, they operate in the following industries:
- Structures & Logistics — workforce and residential housing, innovative modular facilities, construction, site support services, workforce lodging services, facility operations and maintenance, defense operations services, and disaster and emergency management services.
- Utilities — electricity and natural gas transmission and distribution, and international electricity operations.
- Energy Infrastructure — electricity generation, energy storage and industrial water solutions.
- Retail Energy — electricity and natural gas retail sales.
- Transportation — ports and transportation logistics.
- Land and Development
Potentially one of their more well known subsidiaries is they are 53% owner of Canadian Utilities (CDUAF / CU.TO), which has one of the longest dividend growth streaks in Canada, at 48 years!
Dividend Stats:
Current dividend: $1.48
Current yield: 4.53%
Dividend Growth Streak: 16 years
Dividend Growth Rate (5 year): 9.83%
- Manulife Financial (MFC / MFC.TO)
Another Canadian company, MFC, is a global provider of life insurance and annuities business that has been around since 1887. They also provide mutual funds and ETFs, group retirement plans, asset management services, and investment management.
Dividend Stats:
Current dividend: $1.04
Current yield: 5.32%
Dividend Growth Streak: 16 years
Dividend Growth Rate (5 year): 9.83%
- Gladstone Land (LAND)
LAND is a specialized REIT that owns farmland and rents it out to farmers to grow specialty crops like berries, vegetables, almonds, grapes, olives, and pistachios. They sign long term leases to the farmers and have incorporated rent-increases and profit sharing into the leases. They pay their dividend monthly.
Dividend Stats:
Current dividend: $0.54
Current yield: 3.44%
Dividend Growth Streak: 7 years
Dividend Growth Rate (5 year): 1.57%
- Enviva, Inc (EVA)
EVA is a producer and distributor of utility-grade wood pellets that are used as a renewable substitute for coal in power generation in the United Kingdom, the European Union, and Japan. They establish long-term contracts with utilities and are focused on sustainability.
Dividend Stats:
Current dividend: $3.44
Current yield: 4.73%
Dividend Growth Streak: 6 years
Dividend Growth Rate (5 year): 9.46%
- Hannon Armstrong Sustainable Infrastructure Capital (HASI)
HASI was founded in 1981 and provides capital and services to the renewable energy and sustainable infrastructure markets in the United States. They finance products that reduce energy usage like solar generation and energy storage. They also work on projects related to energy efficient buildings, sustainable infrastructure, and water infrastructure.
Dividend Stats:
Current dividend: $1.50
Current yield: 3.15%
Dividend Growth Streak: 3 years
Dividend Growth Rate (5 year): 2.62%
- Apple Hospitality REIT, Inc (APLE)
APLE is a REIT that owns hotel buildings and focuses on Marriott, Hilton, and Hyatt branded locations. They operate 235 hotels in 34 states that have 30,000 guest rooms. They don’t operate the hotels, but they own the land and the building and have long-term arrangements with the proprietors of the hotel. APLE struggled during the recent pandemic, having to eliminate their distributions, but have since restarted the monthly payments. This is the riskiest company on the list but with the pandemic ending and as travel continues to return, APLE has the locations and the brands that people will be using.
Dividend Stats:
Current dividend: $0.60
Current yield: 3.34%
Dividend Growth Streak: 0 years
Dividend Growth Rate (5 year): -40.43%
- Clearway Energy Inc. (CWEN/CWEN.A)
CWEN is a renewable energy utility company that operates 4.7 gigawatts of wind, solar, and energy storage assets in 25 states. They also operate thermal energy and natural gas facilities.
Dividend Stats:
Current dividend: $1.39
Current yield: 4.08%
Dividend Growth Streak: 3 years
Dividend Growth Rate (5 year): 6.62%
- Triton International Limited (TRTN)
TRTN is a leader in the acquisition, leasing, and sale of intermodal containers and chassis to shipping lines, freight companies and manufacturers. They lease and sell containers, including dry, refrigerated, special and tank. They have over 4.3 million containers and operate throughout the world. They were founded in 1980. The company does not operate the ships but supplies the containers that companies around the world use to ship their products.
Dividend Stats:
Current dividend: $2.60
Current yield: 3.93%
Dividend Growth Streak: 2 years
Dividend Growth Rate (5 year): 39.30%
- Invitation Homes, Inc (INVH)
INVH is a REIT that focuses on owning and leasing out single-family homes in 16 geographical areas including Atlanta, Carolinas, Dallas, Denver, Northern and Southern California, Florida, Las Vegas, and Seattle, among other locations. They simplify the home leasing process with a centralized app to locate the homes, all repairs, and maintenance requests. They currently operate 80,000 homes and claim 80% resident retention and are the number one home leasing company in the nation.
Dividend Stats:
Current dividend: $0.88
Current yield: 2.26%
Dividend Growth Streak: 4 years
Dividend Growth Rate (3 year): 15.62%
- Cogent Communications Holdings, Inc (CCOI)
CCOI provides high-speed internet access, private networks, and data center colocation services in 50 countries throughout the world. They provide private networks to law firms, financial services, and others. They also operate 54 data centers and provide dedicated networking solutions to thousands of corporate and multi-tenant properties.
Dividend Stats:
Current dividend: $3.42
Current yield: 5.40%
Dividend Growth Streak: 9 years
Dividend Growth Rate (5 year): 15.99%
A full analysis and research is needed before you invest in these or any companies. This list is meant to bring awareness of companies that may be worth investing in.
Disclosure: I own CCOI, INVH, TRTN, HASI, CWEN, LAND
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