3 Canadian Stocks With Surprisingly Strong Dividends

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Image source: Getty Images.

Written by Christopher Liew, CFA at The Motley Fool Canada

The Toronto Stock Exchange had a strong start this month, evidenced by the string of gains since May 1st. Yield-thirsty investors on the hunt for generous dividend payers have three lucrative options.

Atrium Mortgage Investment Corporation (TSX:AI), Acadian Timber (TSX:ADN), and InPlay Oil (TSX:IPO) fly under the radar, are outperforming the market, and have surprisingly strong dividends.

High-quality opportunities

Atrium deserves serious consideration following an exceptional year amid a challenging lending environment. The provider of residential and commercial mortgage services achieved several records last year. Because of its highest annual income in history, the $490.5 million non-bank lender declared a record special dividend ($0.29 per share).

In the 12 months ending December 2023, net income rose 11.1% year over year to a record $51.5 million…

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