In recent years, cannabis stocks have risen in popularity among investors seeking to capitalize on the burgeoning marijuana industry. With its increasing acceptance in many parts of the world, more and more investors are turning to cannabis stocks as a way to diversify their portfolios. But even amid all this excitement, there is one factor that often gets overlooked: dividend payments. Dividend-paying stocks offer investors the potential for steady income, regardless of whether the stock market goes up or down. And with cannabis stocks beginning to pay dividends, now is a great time to consider investing in these high-yielding stocks if you’re looking for maximum returns. In this blog post, we’ll look at five of the top cannabis stocks with dividends that are worth watching out for.
Aurora Cannabis (ACB)
Aurora Cannabis (ACB) is one of the top cannabis companies in the world and is a leading producer and distributor of medical and recreational cannabis products. Aurora has a strong presence in both the Canadian and international markets, with operations in 18 countries across five continents. The company is one of the largest licensed producers of medical cannabis in Canada and has a growing international business, with sales in Europe, Australia, Latin America, and Asia. Aurora is committed to delivering high-quality products and services to its customers and shareholders. The company has a diversified product portfolio that includes dried cannabis, oils, capsules, edibles, topicals, and concentrates. Aurora also offers a range of value-added services such as home delivery, online ordering, customer education, and product customization. In addition to its strong product offering, Aurora has a robust research and development program that is focused on developing new products and technologies to meet the needs of its customers. The company’s shares are listed on the Toronto Stock Exchange (TSX: ACB) and the New York Stock Exchange (NYSE: ACB).
Canopy Growth Corporation (CGC)
Canopy Growth Corporation (CGC) is one of the largest cannabis companies in the world. They are a Canadian company and the first publicly traded company in North America. They offer a variety of products including dried cannabis, oils, and seeds. They have operations in eleven countries across five continents. Canopy Growth Corporation has been growing rapidly since they were founded in 2014.
In 2018, Canopy Growth Corporation had a revenue of $230 million CAD. This was a huge increase from their 2017 revenue of $55 million CAD. Canopy Growth Corporation is expected to continue to grow at a rapid pace. They have been investing heavily in research and development. They are also expanding their product offerings and increasing their production capacity. Canopy Growth Corporation is an excellent choice for investors looking for exposure to the cannabis industry with the potential for high returns.
Cronos Group (CRON)
Cronos Group (CRON) is one of the top cannabis stocks with dividends. The company has a market cap of $2.4 billion and a dividend yield of 3%. Cronos Group is a leading global cannabinoid company with a diversified portfolio of products including CBD, THC, and other cannabinoids. The company’s brands include Peace Naturals, Lord Jones, and Spinach. Cronos Group has operations in the United States, Canada, Europe, Australia, and Latin America.
Tilray (TLRY) is a Canadian-based pharmaceutical and cannabis company that was founded in 2013. The company is one of the world’s leading producers of medical cannabis and sells its products in 11 countries. Tilray went public on the Nasdaq in 2018 and has a market capitalization of $4.6 billion.
Tilray pays a quarterly dividend of $0.10 per share, which translates to a dividend yield of 1.3%. While this yield is not especially high, it is worth noting that Tilray is a relatively young company and may increase its dividend payout in the future as it matures.
Investors interested in tilting their portfolios towards the cannabis sector for potential long-term growth may want to consider adding Tilray stock to their portfolios.
Aphria (APH) is a leading global cannabis company that produces, supplies, and sells medical cannabis products. The company has a strong presence in Canada, the United States, Europe, and Latin America. Aphria is one of the largest producers of medical cannabis in Canada and has a growing international business. The company’s products are available in dried flower, oils, and capsules. Aphria also offers a line of CBD products.
Aphria has a strong financial position with a cash balance of CAD$476 million as of December 31, 2019. The company reported net revenue of CAD$706 million for the year ended December 31, 2019. Aphria’s dividend yield as of March 2020 was 3%.
Why Invest in Cannabis Stocks with Dividends?
When it comes to earning a return on your investment, there are few industries that offer the potential of the cannabis industry. With an estimated global market size of $344.3 billion by 2025, the legal cannabis industry is expected to experience significant growth in the coming years.
And with so much potential for growth, investing in cannabis stocks with dividends is one of the best ways to maximize your returns. Not only do you have the potential to earn capital gains as the stock price goes up, but you also get paid dividends as the company earns profits.
There are a number of reasons why investing in dividend-paying cannabis stocks is a smart move. For one, it provides a hedge against volatility. Dividends offer a degree of stability and predictability that is not often found in other types of investments.
Additionally, dividend payments can provide a valuable source of income, especially for investors who are retired or nearing retirement. And finally, reinvesting dividends can help you compound your gains and accelerate your wealth-building efforts.
If you’re looking for top-rated cannabis stocks with dividend payments, here are three to watch:
Investing in cannabis stocks can be a great way to make money, especially if you are able to identify the ones that offer dividend payments. The five stocks we’ve mentioned here have all proved themselves to be worthy investments and they could provide investors with lucrative returns in both the short-term and long-term. As always, however, it is important to do your own research before investing in any stock so that you are fully aware of potential risks involved.