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Globe and Mail
3 minutes ago
- Globe and Mail
These 3 Dividend Stocks Have Yields Above 5%, Plus They Raise Their Payouts Every Year
Key Points Realty Income is a real estate investment trust that has raised its dividend payout 131 times since 1994. Verizon's a reliable telecom provider that offers a yield above 6% at recent prices. Pfizer's heading for a rough patch that could last a few years, but it has the means to overcome upcoming challenges. 10 stocks we like better than Realty Income › If you're looking to boost your passive income stream with dividend-paying stocks, there's a tough dilemma that we all face. Stocks that offer high yields generally do so because their dividend payouts aren't growing very fast or at all. On the other hand, companies that raise their payouts quickly tend to offer unattractive yields. Most, but not all, dividend payers can be easily sorted into the low or high yield camp with corresponding expectations for the growth of their payouts. Realty Income (NYSE: O), Verizon (NYSE: VZ), and Pfizer (NYSE: PFE) stand out right now because they have been raising the payments they send shareholders for over a decade, and they offer yields above 5% at recent prices. 1. Realty Income Shares of Realty Income have been delivering monthly dividend payments for over 50 years. Unfortunately, Treasury yields that have risen in recent years make reliable dividend stocks less attractive. Shares of this ultrareliable dividend growth stock are down about 22% from a peak they reached over three years ago. Realty Income is a real estate investment trust (REIT) that employs net leases, which make its tenants responsible for all the variable costs that come with owning its buildings. Net leases lead to predictable cash flows. Since becoming a publicly traded company in 1994, the company has raised its dividend 131 times, or nearly every quarter. A declining stock price amid steadily rising payouts means Realty Income stock offers an above-average yield of 5.5% at recent prices. Total distributions during the second quarter were 3.7% higher year over year, and continued growth at a similar pace or faster seems highly likely. At the end of June, 98.6% of Realty Income's 15,606 properties were occupied, with a weighted average of nine years remaining on their lease terms. With rent escalators written into its long-term leases, investors can rely on this REIT to deliver steadily growing cash flows for many years to come. 2. Verizon Shares of the largest member of America's three-way telecom oligopoly last reached an all-time high in late 2019. The stock is down about 28% from its previous peak, but its quarterly dividend payment keeps on growing. Last September, the company raised its payout for the 18th consecutive year. At recent prices, it offers a 6.1% yield. Selling wireless services isn't the growth driver it used to be, but the business is still moving in the right direction. Second-quarter wireless service revenue rose 2.2% year over year to $20.9 billion. With help from a broadband internet business that added 632,000 net new subscribers in the first half of the year, total second-quarter revenue rose 5.2% year over year. In July, Verizon raised its free cash flow forecast for 2025 to a range between $19.5 billion and $20.5 billion. Dividends paid in the first half of 2025 work out to an annualized $11.4 billion. In other words, the company has the means to maintain its dividend payout and significantly reduce debt at the same time. 3. Pfizer Shares of Pfizer are down by about 59% from a peak they set in 2021, when it seemed its COVID-19 vaccine and antiviral treatment could continue producing record-breaking sales figures. These days, investors have been fleeing the stock in fear of upcoming losses resulting from expiring drug patents. Pfizer has raised its payout every year since 2009. At recent prices, the pharmaceutical giant offers a big 6.8% dividend yield that could be on firmer footing than you might imagine. Earlier this year, CEO Albert Bourla warned investors that a loss of market exclusivity wave could reduce annual revenues by $17 billion to $18 billion, beginning in 2026 and ending in 2028. Drug patent expirations are a fact of life that all established drugmakers deal with year in and year out. Pfizer's about to experience a particularly rough patch, but it isn't something the company hasn't already prepared for. For example, in 2023, it acquired cancer drug developer Seagen for $43 billion in cash. By 2030, assets acquired from Seagen and others are expected to generate more than $20 billion in annual sales. It's a long way from guaranteed, but there's a good chance that new products can allow Pfizer to maintain its dividend-raising streak in the decade ahead. Adding some of the high-yielding shares to a diversified portfolio now looks like a smart move for folks who want to pump up their passive income stream. Should you invest $1,000 in Realty Income right now? Before you buy stock in Realty Income, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Realty Income wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $668,155!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,106,071!* Now, it's worth noting Stock Advisor's total average return is 1,070% — a market-crushing outperformance compared to 184% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 13, 2025
CTV News
10 minutes ago
- CTV News
Alberta planning to power some of its jails with solar energy
Solar panels pictured at the Michichi Solar project near Drumheller, Alta., Tuesday, July 11, 2023. THE CANADIAN PRESS/Jeff McIntosh EDMONTON — Alberta's government is looking to power some of its jails with solar energy. The province says it's planning to build solar installations at five of its 10 correctional facilities, with early energy cost savings estimated at $1 million per year. 'The solar installations are expected to offset approximately 80 per cent of the energy used at each site,' Michael Kwas, press secretary for Infrastructure Minister Martin Long, said in an email. He said the estimated savings will likely change as the installations are further designed. A procurement document published by the province, which lists future projects with approved construction funding, says the government's budget for the solar proposal is anywhere from $10 million to $50 million. Like the savings, the budget figure is also preliminary, Kwas said. A more exact estimate would be determined later as planning progresses. While the ministry didn't say which jails have been chosen, Kwas said two are in the Edmonton area and three are around Calgary. 'The significant amount of non-agricultural land, underutilized land on these sites presents an ideal opportunity for ground mounted solar installations,' Kwas said. There are three provincial jails in the capital region: the Edmonton Remand Centre, which houses those awaiting trial; the Edmonton Young Offender Centre, directly beside the remand centre; and the Fort Saskatchewan Correctional Centre, northeast of Edmonton. Calgary has a remand centre, a young offender centre and a correctional centre, all of which are built beside each other. There are also correctional facilities in Lethbridge, Medicine Hat, Peace River and Red Deer. Some other government-owned buildings are already equipped with alternative energy generation systems, Kwas said, but didn't provide examples. 'None of the (existing) installations are as large as those planned for the correctional centres.' Kwas added the Edmonton facilities use about 11,500 megawatt hours of energy annually. Calgary's total is roughly 6,300 megawatt hours per year. Alberta-based utility supplier ATCO says the average home in the province uses roughly seven megawatt hours annually. The procurement document says the province plans to start accepting bids to build the solar arrays later this year or in early 2026. Stephen Legault, an Alberta-based senior manager with advocacy group Environmental Defence, said he doesn't know if other jails in Canada are solar powered, but he'd be thrilled if Alberta were breaking new ground. 'When little announcements like this come out that suggests somebody is thinking rationally within the government about our energy future, it makes me pretty happy,' Legault said. 'It's a great idea.' The office of federal Public Safety Minister Gary Anandasangaree said no prisons currently run on solar power. 'We wish the Alberta government well in their pursuit of renewable energy solutions to power their correctional facilities,' a spokesperson says in an email. While it seems to be a unique proposal in Canada, using solar energy to power jails and prisons is almost common south of the border. Ned Lamont, governor of Connecticut, announced earlier this year seven state-run correctional facilities were being powered in part by new solar arrays expected to save the government USD$11 million over the lifespan of the panels. 'Installing solar energy systems at correctional facilities is a way that we can deliver cost savings in the operations of state government while also reducing our carbon footprint,' Lamont said in an April news release. There are also examples in Colorado and California. The Santa Rita Jail, near Dublin, Calif., had the largest rooftop solar installation in the entire United States when nearly 10,000 panels were installed between 2001 and 2002. Legault said he was somewhat surprised by Alberta's plan. The province put a seven-month moratorium on project approvals for solar and wind energy in 2023, along with 'draconian' rules on new projects that restrict where new solar and wind farms can be built. Kwas said the infrastructure ministry is always looking for ways to improve efficiency and reduce costs, 'including innovative energy solutions that minimize environmental impact.' Legault said Alberta shouldn't stop at jails when it comes to putting up new solar arrays on or around provincially owned buildings. 'The only barrier is ingenuity, creativity and cash. And the third one is something that I will admit is always difficult,' Legault said. 'My hope would be that it would lead this provincial government to realize that renewable energy isn't necessarily the boogeyman.' This report by The Canadian Press was first published Aug. 18, 2025. Jack Farrell, The Canadian Press
CTV News
13 minutes ago
- CTV News
PM Carney, Premier Ford meeting in Ottawa today
Prime Minister Mark Carney, left, speaks with Premier of Ontario Doug Ford following the first ministers conference in Saskatoon, Sask., on Monday, June 2, 2025. THE CANADIAN PRESS/Liam Richards OTTAWA — Prime Minister Mark Carney and Ontario Premier Doug Ford are meeting in Ottawa today. A federal government official says there likely won't be an announcement coming out of the meeting between the two leaders. Carney and Ford are expected to discuss affordability, housing and crime, the official says. The official says the meeting is meant to be 'casual' but offers a good opportunity for the two to touch base ahead of the fall sittings of the House of Commons and the provincial legislature. The premier is in Ottawa today for the Association of Municipalities of Ontario conference, which runs until Wednesday. Ford has said he plans to urge the prime minister to lower taxes to stimulate the economy in the face of American tariffs. — With files from Allison Jones in Toronto This report by The Canadian Press was first published Aug. 18, 2025. Catherine Morrison, The Canadian Press
