07:20:58 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Enerflex Ltd
Symbol EFX
Shares Issued 78,639,526
Close 2015-03-09 C$ 15.14
Market Cap C$ 1,190,602,424
Recent Sedar Documents

Globe says Dorel, other small-caps worth considering

2015-03-10 08:15 ET - In the News

See In the News (C-DII) Dorel Industries Inc

The Globe and Mail attempts to identify small-cap dividend payers in its Tuesday, edition. The Globe's Tim Shufelt writes in the Number Cruncher column that the market has been offering income investors few alternatives in this era of low rates. With fixed income markets generally offering miserly yields, dividend stocks have served as substitutes in generating income. However, Canada's largest dividend stocks are closely scrutinized by the domestic investing community. So Mr. Shufelt went looking for lesser-known dividend payers among small-cap companies. Eligible stocks had to have less than $2-billion in market cap, but no less than $100-million. Mr. Shufelt set a minimum average dividend growth over the past three years at 10 per cent. He filtered for companies with the capacity to increase dividends in the future. The payout ratio had to be less than 50 per cent. Since excessive debt can limit the prospects of future growth, he also looked for companies with reasonable debt loads. He capped long-term debt to equity at 50 per cent. Stocks meeting Mr. Shufelt's criteria are Dorel Industries, Canyon Services Group, Nevsun Resources, Canam Group, Enerflex and Callinan Royalties.

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