Attention Dividend Investors: 3 Stocks With Yields Over 4% to Buy Today

Should you invest $1,000 in Bmo Msci Europe High Quality Hedged To Cad Index Etf right now?

Before you buy stock in Bmo Msci Europe High Quality Hedged To Cad Index Etf, consider this:

The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Bmo Msci Europe High Quality Hedged To Cad Index Etf wasn’t one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years.

Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the “eBay of Latin America” at the time of our recommendation, you’d have $21,345.77!*

Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 24 percentage points since 2013*.

Attention Dividend Investors: 3 Stocks With Yields Over 4% to Buy Today

Are you in search of a dividend-paying investment? If so, take a look at Liquor Stores N.A. Ltd. (TSX:LIQ), Premium Brands Holdings Corp. (TSX:PBH), and Bank of Montreal (TSX:BMO)(NYSE:BMO).

Joseph Solitro

@@JoeySolitro

Published May 25, 2015 9:07 am EDT

| More on: BMOBMOPBH

As many investors know, dividend-paying stocks far outperform non-dividend-paying stocks over the long term. This means that every long-term investor should own at least one dividend-paying stock, and depending on your age, investment goals, and risk tolerance, maybe a diversified portfolio full of them. With this in mind, let’s take a look at three stocks with yields of more than 4% to consider buying today.

1. Liquor Stores N.A. Ltd.: 7% yield

Liquor Stores N.A. Ltd. (TSX:LIQ) is one of the largest retailers of liquor in Canada. It pays a monthly dividend of $0.09 per share, or $1.08 per share annually, giving its stock a 7% yield at today’s levels. It is also worth noting that the company has maintained this monthly dividend payment since January of 2011, and I think it could continue doing so for the next several years.

2. Premium Brands Holdings Corp.: 4.55% yield

Premium Brands Holdings Corp. (TSX:PBH) is one of the largest owners and operators of specialty food manufacturing and differentiated food distribution businesses in North America. It pays a quarterly dividend of $0.345 per share, or $1.38 per share annually, which gives its stock a 4.55% yield at current levels. The company has also increased its dividend twice in the last three years, and its increased amount of free cash flow could allow for another increase in the very near future.

3. Bank of Montreal: 4.1% yield

Bank of Montreal (TSX:BMO)(NYSE:BMO) is the fourth-largest bank in Canada in terms of total assets. It pays a quarterly dividend of $0.80 per share, or $3.20 per share annually, giving its stock a 4.1% yield at today’s levels. The company has also increased its dividend five times since 2012, making it one of the top dividend-growth plays in the financial sector today.

Which of these dividend dynamos belong in your portfolio?

Liquor Stores N.A., Premium Brands Holdings, and Bank of Montreal represent three of the best dividend-paying investment opportunities in the market. Foolish investors should take a closer look and strongly consider initiating positions in at least one of them today.