Relating to dividends, traders shouldn’t merely take a look at a excessive yield. A yield can at all times crash and burn ought to a inventory all of the sudden determine to slice its dividend. No, as an alternative what you need is a secure dividend. Which means stable, steady earnings coming in it doesn’t matter what.

Fortunately, within the case of those three dividend shares that’s precisely what you get. So with out additional blabbing on, listed here are the three I’d take into account on this market.

NorthWest REIT

NorthWest Healthcare Properties REIT (TSX:NWH.UN) not too long ago got here out with its earnings report. The excellent news, it was steady. The unhealthy information, that’s just about all the corporate had on supply. However actually, that’s type of why I’d suggest NorthWest inventory amongst dividend shares.

Occupancy remained at 97%, with a 13.6-years lease settlement on common from its properties. This can be a stable firm that seeks out long-term investments within the healthcare trade. What’s extra, there’s extra development on the best way. The corporate is nearly to shut a three way partnership in the UK, due June 30. This could carry much more steady earnings over time.

But shares are nonetheless down 38% within the final yr, and 18% year-to-date as of writing. Whereas earnings led to a slight enhance, it wasn’t something noteworthy. So now could be the time to choose up NorthWest inventory with a ten.04% dividend yield.

Slate Grocery REIT

Whereas healthcare actually is steady, so is meals. That’s why Slate Grocer REIT (TSX:SGR.UN) continues to do properly even on this market downturn. At the least, its firm efficiency does. Shares are down 11% within the final yr, and 14.5% year-to-date.

Throughout its most up-to-date earnings report, income climbed 30% year-over-year, with web working earnings (NOI) additionally up by 23.8%. The issue is it’s working at a loss, which traders haven’t been too impressed with. That being mentioned, the corporate said it has improved its monetary place, trying to carry down debt and create funds long-term. It will assist Slate inventory proceed on its development path.

Slate inventory now affords a 9.03% dividend yield as of writing, buying and selling at a invaluable 6.8 instances earnings. So it’s actually one to think about at this time. As a result of frankly, folks at all times have to eat!

A&W Royalties

Lastly, you would possibly suppose that mentioning a quick meals chain isn’t precisely steady. That would possibly be true, if it weren’t a royalty fund. That is the place the earnings fund merely brings in money from the earnings of its franchise areas. That is steady earnings regardless of how the market is doing, regardless of how the chain is doing, it doesn’t matter what.

That’s why I’d suggest A&W Income Royalties Earnings Fund (TSX:AW.UN). Earnings has remained steady, and actually so has the inventory. Shares are down 5% within the final yr, however up 5.6% year-to-date. It affords a 5.15% dividend yield as properly, with earnings coming in from 854 areas, 845 of that are franchised.

A&W inventory is more likely to proceed doing properly, as the corporate continues to open up extra areas and franchise extra shops. So for a much less dangerous choice for month-to-month earnings, I will surely take into account A&W inventory as properly along with your different dividend shares.