WPT Industrial REIT (WIR-U)
WPT owns warehouses and distribution centres in the US, and is benefiting from the growing e-commerce trend. They are a smaller and more nimble player than some of their peers, which allows them to pick up overlooked assets at accretive prices. WPT has a 6.6% dividend yield and the ability to grow this over time.
Keyera is a midstream energy infrastructure company with exposure to oil, gas, and NGL processing, transportation, storage, logistics, and marketing. The company has a 3.4% dividend yield and has a pipeline of projects that will help deliver increasingly better financial results in the coming years, which should ensure ongoing dividend growth. We view this recent pullback as an entry opportunity for a company with a secular growth story.
Gildan Activewear (GIL)
Gildan is a manufacturer and marketer of wholesale and branded activewear in North America. The company has major competitive advantages and will benefit from the slide in cotton and energy prices throughout 2015. Although their recent quarter was a slight disappointment, the company raised the dividend by approximately 20% and initiated a share buyback. The company has a 1% dividend yield, but this is offset by significant earnings and dividend growth in the years ahead.
Jeff Young is the Lead Manager of the NexGen Canadian Dividend Funds, Canadian Diversified Income Funds, and North American Large Cap Funds.