Printed on June 18th, 2025 by Bob Ciura
The objective of rational traders is to maximize complete return.
Complete return is the entire return of an funding over a given time interval. It contains all capital good points and any dividends or curiosity paid.
The three points of complete return for shares are:
- Dividends
- Change in earnings-per-share
- Change within the price-to-earnings a number of
The free excessive dividend shares record spreadsheet under has our full record of particular person securities (shares, REITs, MLPs, and so forth.) with with 5%+ dividend yields.
We calculate anticipated complete returns utilizing the three points of complete return for greater than 600 securities in The Positive Evaluation Analysis Database.
Whereas we presently fee lots of the shares we cowl as buys, on account of anticipated annual returns above 10%, many are rated as holds on account of mediocre returns.
Moreover, there are additionally loads of shares we presently fee as sells.
Sometimes, low (or unfavorable) projected complete return is because of overvaluation. Put merely, lots of the shares we fee as sells are overvalued, on account of their excessive present valuations.
Shopping for overvalued shares can lead to low, or unfavorable, future returns, even with a excessive dividend yield.
With that in thoughts, this text will cowl 10 excessive dividend shares we presently fee as sells in accordance with their low projected complete returns.
The record is sorted by annual anticipated returns over the subsequent 5 years, from lowest to highest.
Desk of Contents
You’ll be able to immediately bounce to any particular part of the article through the use of the hyperlinks under:
Excessive Dividend Inventory To Promote #10: H&R Actual Property Funding Belief (HRUFF)
- Annual Anticipated Return: -2.1%
H&R Actual Property Funding Belief holds a portfolio of 374 properties throughout Canada and the USA. The portfolio contains 26 residential properties with a complete of 8,929 rental models, primarily centered on increasing its presence within the U.S. Solar Belt.
Furthermore, the REIT owns 64 industrial properties in Canada and one within the U.S., totaling 8.2 million sq. toes of house. Moreover, H&R holds 16 workplace properties throughout North America, comprising 4.5 million sq. toes, and 34 retail properties in Canada together with 233 retail properties within the U.S., totaling 5.2 million sq. toes.
The corporate’s technique today focuses on residential and industrial belongings, whereas lowering its publicity to workplace and retail sectors.
The REIT pays dividends month-to-month and experiences its financials in CAD. All figures on this report have been transformed to USD until in any other case famous.
On Might 14th, 2025, H&R Actual Property Funding Belief reported its Q1 outcomes. The REIT posted complete rental income of $148.1 million for the quarter, a lower from $150.9 million in Q1 2024.
This drop displays the influence of property inclinations and shifting portfolio composition. H&R’s Funds from Operations was $59.8 million, primarily flat in comparison with $59.8 million in Q1 2024.
Click on right here to obtain our most up-to-date Positive Evaluation report on HRUFF (preview of web page 1 of three proven under):
Excessive Dividend Inventory To Promote #9: Sabine Royalty Belief (SBR)
- Annual Anticipated Return: -0.5%
Sabine Royalty Belief is an oil and gasoline belief arrange in 1983 by Sabine Company. At initiation, the belief initially had an anticipated reserve lifetime of 9 to 10 years however it has surpassed expectations by a formidable margin.
The belief consists of royalty and mineral pursuits in producing properties and proved oil and gasoline properties in Florida, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas. It’s roughly 2/3 oil and 1/3 gasoline when it comes to revenues.
The belief’s belongings are static in that no additional properties might be added. The belief has no operations however is merely a pass-through car for royalties. SBR had royalty earnings of $82.6 million in 2024.
In early Might, SBR reported (5/9/25) monetary outcomes for the primary quarter of fiscal 2025. Manufacturing of oil grew 22% however manufacturing of gasoline dipped -1% over the prior yr’s quarter. As well as, the common realized costs of oil and gasoline decreased -26% and -7%, respectively. Consequently, distributable money stream per unit declined -6%, from $1.27 to $1.19.
The outlook for this yr is unfavorable, as OPEC has begun to unwind its manufacturing cuts and intends to spice up its output by 2.0 million barrels per day till the tip of 2026.
Click on right here to obtain our most up-to-date Positive Evaluation report on SBR (preview of web page 1 of three proven under):
Excessive Dividend Inventory To Promote #8: The Keg Royalties Earnings Fund (KRIUF)
- Annual Anticipated Return: 1.2%
The Keg Royalties Earnings Fund is a publicly traded earnings belief that earns income through a 4% royalty on the product sales of Keg Steakhouse & Bar eating places included in its Royalty Pool, slightly than working eating places itself.
As of the tip of March, the Fund’s Royalty Pool comprised 104 Keg places throughout Canada and the U.S. Final yr, the Fund generated $719.5 million in gross sales.
The Keg holds a powerful market place within the full-service eating class, dedicated to upholding excessive requirements of meals high quality and visitor expertise.
It experiences financials in CAD, however we have now transformed all numbers on this report in USD until in any other case famous. Shares commerce on the Toronto Inventory Trade and OTC.
On Might seventh, 2025, The Keg Royalties Earnings Fund reported its Q1 outcomes for the three months ended March thirty first, 2025. For the interval, the 104 Keg eating places within the Royalty Pool generated roughly $139.5 million in gross sales, reflecting a 6.9% improve from the comparable quarter of the prior yr.
This rise was primarily pushed by sturdy same-store gross sales development of 9.2%, regardless of the closure of 1 restaurant.
Click on right here to obtain our most up-to-date Positive Evaluation report on KRIUF (preview of web page 1 of three proven under):
Excessive Dividend Inventory To Promote #7: Peyto Exploration & Improvement (PEYUF)
- Annual Anticipated Return: 2.4%
Peyto Exploration & Improvement is a Canadian pure gasoline producer centered on the exploration and improvement of liquids-rich gasoline performs in Alberta’s Deep Basin.
The corporate is likely one of the lowest-cost pure gasoline producers in Canada and operates a vertically built-in mannequin, dealing with drilling, completions, processing, and advertising in-house.
Peyto’s manufacturing is about 88% pure gasoline and 12% pure gasoline liquids, with a core emphasis on maximizing return on capital and sustaining low per-unit prices.
As of year-end 2024, Peyto held over 8.2 trillion cubic toes equal in proved plus possible reserves. It additionally maintains long-term advertising and hedging contracts to clean money flows and improve value realizations throughout a number of North American hubs.
The corporate experiences in financials in CAD. All figures on this report have been transformed to USD until in any other case famous.
On Might thirteenth, 2025, Peyto posted its first-quarter outcomes for the interval ending March thirty first, 2025. Income from pure gasoline and NGL gross sales together with realized hedging good points rose by 7% to $255.1 million, pushed by a 7% improve in manufacturing volumes, which offset flat pricing. The expansion was largely on account of sturdy effectively outcomes from the Firm’s capital program.
Click on right here to obtain our most up-to-date Positive Evaluation report on PEYUF (preview of web page 1 of three proven under):
Excessive Dividend Inventory To Promote #6: Timbercreek Monetary Corp. (TBCRF)
- Annual Anticipated Return: 3.1%
Timbercreek Monetary is a Canadian non-bank lender specializing in shorter-duration, structured financing options for business actual property traders.
The corporate offers primarily first-mortgage loans for income-producing properties, together with multi-residential, retail, industrial, and workplace belongings.
Its loans are sometimes used for acquisition, redevelopment, or transitional financing, and are sometimes repaid by means of time period financing or asset gross sales.
Timbercreek’s portfolio is 100% business actual estate-focused and extremely city, with about 92% of capital invested in Ontario, British Columbia, Quebec, and Alberta. Its lending mannequin emphasizes conservative loan-to-value ratios (63.3% as of year-end 2024) and floating-rate loans with fee flooring, offering draw back safety and rate of interest sensitivity.
All figures on this report have been transformed in USD until in any other case famous.
On Might fifth, 2025, Timbercreek Monetary reported its Q1 outcomes for the interval ending March thirty first, 2025. Distributable earnings for the quarter was $11.1 million, or $0.14 per share, in comparison with USD $11.4 million, or $0.14 per share, in Q1 2024.
This mirrored a barely decrease common portfolio yield and a modest improve in anticipated credit score loss, offset by increased common portfolio balances.
Click on right here to obtain our most up-to-date Positive Evaluation report on TBCRF (preview of web page 1 of three proven under):
Excessive Dividend Inventory To Promote #5: NorthWest Healthcare Properties (NWHUF)
- Annual Anticipated Return: 3.7%
Northwest Healthcare Properties is a globally diversified healthcare actual property investor and asset supervisor. Its footprint spans 172 income-producing properties throughout Canada, the U.S., Brazil, Europe, and Australasia.
The portfolio totals over 16 million sq. toes of gross leasable space, anchored by long-term, inflation-linked leases to high-quality healthcare operators.
The REIT additionally has a sizeable asset administration enterprise, overseeing $8.8 billion in AUM, of which $1.8 billion is owned instantly and $4.0 billion managed by means of joint ventures. The REIT pays distributions on a month-to-month foundation and experiences its financials in CAD. All figures on this report have been transformed to USD until in any other case famous.
On Might 14th, 2025, Northwest Healthcare REIT posted its Q1 outcomes for the interval ending March thirty first, 2025. Income got here in at $80 million, down 18% year-over-year on account of important asset gross sales.
Internet working earnings got here in at $55.5 million, with occupancy holding at 96.4% and a 13.6-year WALE, supported by inflation-linked leases masking over 96% of hire.
Q1 FFO was $0.05 per unit, down from $0.08 final yr, reflecting the smaller portfolio and ongoing deleveraging. Throughout the quarter, the REIT bought $33.8 million of belongings and used proceeds to repay over $478 million of debt, reducing its common rate of interest to five.33%.
Click on right here to obtain our most up-to-date Positive Evaluation report on NWHUF (preview of web page 1 of three proven under):
Excessive Dividend Inventory To Promote #4: USA Compression Companions LP (USAC)
- Annual Anticipated Return: 4.0%
USA Compression Companions, LP is likely one of the largest unbiased suppliers of gasoline compression companies to the oil and gasoline trade, with annual revenues of $950 million in 2024.
The partnership is energetic in a number of shale performs all through the U.S., together with the Utica, Marcellus, and Permian Basin. It focuses totally on infrastructure purposes, together with centralized high-volume pure gasoline gathering techniques and processing amenities, requiring giant horsepower compression models.
It designs, operates, and maintains the compression models. USAC function beneath fixed-fee, take-or-pay contracts, and doesn’t have direct publicity to commodity costs.
USAC reported first quarter 2025 outcomes on Might sixth, 2025. Revenues for the quarter rose to $245 million in comparison with $229 million in Q1 2024. Distributable money stream elevated from $87 million to $89 million in Q1. The distribution was held regular at $0.525 per unit, according to final yr.
Distributable money stream protection was 1.44X for the quarter, in comparison with 1.41X final yr. Income producing horsepower was up year-over-year to three.56 million. Administration reiterated its 2025 outlook for DCF and forecasts $350 million to $370 million.
Click on right here to obtain our most up-to-date Positive Evaluation report on USAC (preview of web page 1 of three proven under):
Excessive Dividend Inventory To Promote #3: Pizza Pizza Royalty Corp. (PZRIF)
- Annual Anticipated Return: 4.0%
Pizza Pizza Royalty Corp. is a Canadian entity which collects and distributes a dividend stream primarily based on royalties earned from the Pizza Pizza and Pizza 73 restaurant chains.
The corporate’s base reporting forex is Canadian {Dollars}, however this report will use U.S. Greenback figures besides when in any other case famous.
Pizza Pizza Royalty Corp. receives earnings from 797 mixed complete restaurant places throughout Canada beneath its two manufacturers. Greater than 150 of those are non-traditional places sited in public locations akin to universities and hospitals.
Pizza Pizza has outsized publicity to the province of Alberta because of its possession of Pizza 73 which is centered in that province.
Pizza Pizza reported its Q1 2025 outcomes on Might seventh, 2025. Similar retailer gross sales grew 1.2% in Q1 versus the prior yr. Whereas nothing extraordinary, this was a sequential enchancment as Pizza Pizza had reported unfavorable identical retailer gross sales all through 2024.
Whereas revenues ticked up, so did bills, resulting in flattish outcomes. EPS of 17 cents fell by 1% from the identical interval of the prior yr.
Click on right here to obtain our most up-to-date Positive Evaluation report on PZRIF (preview of web page 1 of three proven under):
Excessive Dividend Inventory To Promote #2: Northland Energy (NPIFF)
- Annual Anticipated Return: 4.1%
Northland Energy develops, builds, owns, and operates energy era belongings, together with offshore and onshore wind, photo voltaic, pure gasoline, and battery power storage techniques.
It additionally provides power by means of a regulated utility in Colombia. Northland manages 3.2 GW of gross working capability and has 2.4 GW in energetic building throughout three initiatives: Hai Lengthy (Taiwan), Baltic Energy (Poland), and Oneida (Canada), with a broader improvement pipeline totaling about 10 GW.
Northland experiences in CAD. All figures have been transformed to USD until in any other case famous. On Might thirteenth, 2025, Northland Energy reported its Q1 outcomes for the interval ending March thirty first, 2025. Income declined 14% year-over-year to about $467 million, primarily on account of exceptionally low wind circumstances in Europe and a powerful wind quarter the yr prior, partially offset by increased contributions from North American onshore wind and pure gasoline belongings.
Adjusted EBITDA fell 20% to roughly $260 million, reflecting weaker offshore wind manufacturing regardless of continued operational self-discipline. Internet earnings fell to $80 million from $107 million a yr earlier, pushed by the identical headwinds in offshore era and spinoff truthful worth adjustments.
Click on right here to obtain our most up-to-date Positive Evaluation report on NPIFF (preview of web page 1 of three proven under):
Excessive Dividend Inventory To Promote #1: ARMOUR Residential REIT (ARR)
- Annual Anticipated Return: 4.3%
ARMOUR Residential invests in residential mortgage-backed securities that embody U.S. Authorities-sponsored entities (GSE) akin to Fannie Mae and Freddie Mac.
It additionally contains Ginnie Mae, the Authorities Nationwide Mortgage Administration’s issued or assured securities backed by fixed-rate, hybrid adjustable-rate, and adjustable-rate dwelling loans.
Unsecured notes and bonds issued by the GSE and the US Treasury, cash market devices, and non-GSE or authorities agency-backed securities are examples of different forms of investments.
On April 23, 2025, ARMOUR Residential REIT reported its monetary outcomes for the primary quarter of 2025. The corporate introduced a GAAP internet earnings out there to frequent stockholders of $24.3 million, or $0.32 per frequent share.
Distributable earnings, a non-GAAP measure, had been $64.6 million, equating to $0.86 per frequent share. Internet curiosity earnings for the quarter stood at $36.3 million.
The common curiosity earnings on interest-earning belongings was 5.00%, whereas the curiosity price on common interest-bearing liabilities was 4.51%, leading to an financial internet curiosity unfold of 1.88%. The corporate’s guide worth per frequent share decreased to $18.59 from $19.07 on the finish of 2024, and the overall financial return for the quarter was 1.26%.
Click on right here to obtain our most up-to-date Positive Evaluation report on ARMOUR Residential REIT Inc (ARR) (preview of web page 1 of three proven under):
Closing Ideas & Extra Studying
Excessive dividend shares are naturally interesting on the floor, on account of their excessive dividend yields.
However earnings traders want to ensure they don’t fall right into a dividend ‘entice’, that means buying an overvalued inventory solely on account of its excessive yield.
There are different essential elements when shopping for shares, particularly the overall return potential. Shares with unfavorable or low future returns needs to be bought, even after they supply a excessive dividend yield.
In case you are taken with discovering different high-yield securities and earnings securities, the next Positive Dividend sources can be helpful:
Excessive-Yield Particular person Safety Analysis
Different Positive Dividend Sources
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