GoEasy
goeasy is an alternative financial company that provides loans and other financial services to consumers in Canada. It also leases household products to consumers. The company has two segments, Easyfinancial and Easyhome.
This stock is a great alternative to banks in the financial sector, as it has higher earnings growth.
In 2020, EPS is expected to grow by 32% to $5.26, while revenue is expected to increase by 15% to $528 million.
goeasy pays a quarterly dividend of $0.31 per share at writing, which represents an annualized dividend of $1.24 per share and a yield of 1.7%. goeasy has regularly increased its dividends in the past years.
Dividends per share have increased by approximately 14% per year in the last 10 years. With a payout ratio of only 24%, there’s room for much more dividend growth.
The stock has soared 80% over one year. Its 10-year CAGR is over 25%, which is much higher than the big banks.
Canadian Personal finance 