5 High-Yield Dividend Stocks Are All You Need to Get Rich

TSX investors get rich not only from capital gains but from dividends too. The Fiera Capital stock, Diversified Royalty stock, Anglo Pacific stock, Aura Minerals stock, and Alaris Equity stock are the money-makers you can own today.

| More on:

People make money on the stock market by buying low and selling high. It’s a rule of thumb, if not the classic strategy when investing in stocks. However, some investors pay more attention to dividends than price appreciation. If you’re chasing after high-yield dividend stocks to get rich, the following are five money-makers.

Global investment manager

Fiera Capital (TSX:FSZ) is tops on the list of yield-hungry investors. The $1.08 billion independent asset management firm pays an ultra-high 8.06% dividend. At $10.42 per share, a $20,000 capital will produce $1,612 in investment income.

As of June 30, 2021, Fiera has about $179.5 billion in assets under management (AUM). The company offers customized multi-asset solutions across public and private market asset classes. It caters to institutional, financial intermediary, and private wealth clients. The reach is global, from North America to Europe and key Asian markets.

Top-line royalties

Diversified Royalty (TSX:DIV) is as attractive as Fiera Capital for its 7.42% dividend. Also, the share price of $2.85 is considerably lower. Your $15,000 investment will generate $1,113 in passive income.

The $346.42 million multi-royalty company acquires top-line royalties. Currently, it has six royalty partners, all of which are well-managed multi-location businesses and franchisors in North America. Diversified owns the trademarks to AIR MILES, Mr. Lube, Mr. Mikes, Sutton, Nurse Next Door, and Oxford Learning Centres.

Natural resources company

Anglo Pacific Group (TSX:APY) acquires mining and exploration interests in Australia, North and South America, and Europe. The $504.52 million natural resources royalty and streaming company from the U.K. has been in existence since 1967.

The current share price is $2.35, while the dividend yield is a juicy 6.80%. Management’s growth strategy is to invest in high-quality projects in preferred jurisdictions with trusted counterparties. Anglo’s primary focus is on producing or near-term producing long-life assets in established natural resources jurisdictions.

Gold and copper producer

Aura Minerals (TSX:ORA) has so far displayed resiliency on the TSX. Investors enjoy a 7.73% year-to-date gain. Currently, the mining stock trades at $14.85 per share and pays a lucrative 6.77% dividend. The $1.08 billion company mines essential minerals, specifically gold and copper, in Latin America and the United States.

Last year was a challenging period for Aura. However, the business made a turnaround in the first half of 2021. Management reported a 108% increase in net revenue versus the same period in 2020. The net income for the period was US$35.5 million compared to a net loss of US$13.7 million a year ago.

Unique investment structure

Alaris Equity Partners (TSX:AD) has a unique business model and investment structure. The $837.64 million company provides long-term capital to lower middle-market companies that are leaders in their respective industries. It can also be a permanent equity partner to private companies without gaining control of management.

In Q2 2021 (quarter ended June 30, 2021), the $34.9 million revenue was Alaris’s largest quarterly revenue ever. It was also a record period of total capital deployment (more than $400 million). You can purchase Alaris at $18.63 per share to partake of the hefty 6.66% dividend.

Double your money

The average yield of the five dividend stocks is a high of 7.14%. Any investment amount will probably double in 10 years. However, before you invest, make sure your risk appetite aligns with the inherent risks in the respective businesses.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

Fool contributor Christopher Liew has no position in any of the stocks mentioned. The Motley Fool recommends Alaris Equity Partners Income Trust.

More on Dividend Stocks

Train cars pass over trestle bridge in the mountains
Dividend Stocks

Is CNR Stock a Buy, Sell, or Hold for 2025?

Can CNR stock continue its long-term outperformance into 2025 and beyond? Let's explore whether now is a good time to…

Read more »

coins jump into piggy bank
Dividend Stocks

The Smartest Dividend Stocks to Buy With $500 Right Now

These top dividend stocks both offer attractive yields and trade off their highs, making them two of the best to…

Read more »

Middle aged man drinks coffee
Dividend Stocks

Here’s the Average TFSA Balance at Age 35 in Canada

At age 35, it might not seem like you need to be thinking about your future cash flow. But ideally,…

Read more »

ETF stands for Exchange Traded Fund
Dividend Stocks

How to Invest Your $7,000 TFSA Contribution in 2024

Here's how I would prioritize a $7,000 TFSA contribution for growth and income.

Read more »

a man relaxes with his feet on a pile of books
Dividend Stocks

CPP Pensioners: Watch for These Important Updates

The CPP is an excellent tool for retirees, but be sure to stay on top of important updates like these.

Read more »

Technology
Dividend Stocks

TFSA Investors: 3 Dividend Stocks I’d Buy and Hold Forever

These TSX dividend stocks are likely to help TFSA investors earn steady and growing passive income for decades.

Read more »

four people hold happy emoji masks
Dividend Stocks

Love Dividend Growth? Check Out These 2 Income-Boosting Stocks

National Bank of Canada (TSX:NA) and another Canadian dividend-growth stock are looking like a bargain going into December 2024.

Read more »

An investor uses a tablet
Dividend Stocks

A Dividend Giant I’d Buy Over Enbridge Stock Right Now

Enbridge stock may seem like the best of the best in terms of dividends, but honestly this one is far…

Read more »