Top Cannabis Stocks that Pay Dividends
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25th October 2020

Top Cannabis Stocks that Pay Dividends

Elijah Farley
Most people when they hear about cannabis stock they think of dividends. For the most part, this is actually real as the legal marijuana industry is still young, and most cannabis factories are still young. Hence, all these companies have no sufficient capital to pay dividends. The cannabis industry is a nice palace to invest in as a shareholder you can make profits through an increase in the stock price. Most US investors have focused on the marijuana space mostly the Canadian companies that have already had experience in the exchange market.

Only a few companies offer dividends or have paid dividends in the past hence for an investor to get dividends from cannabis stock it is always lucky on his side. A number of cannabis companies inclusive of the top dividend-paying marijuana stocks are struggling in recent months. This article will focus mostly on the top Cannabis stocks that pay dividends.

Abbvie Inc- AbbVie company manufactures Marinol, it pays its dividends quarterly on time since the company was bought from Abbott Laboratories in 2013. It is the most popular company in the globe that sells marijuana. Recently, the company received a top-line phase 3 results of the Venetoclax trial, a drug used in hospitals to treat acute myeloid leukemia. AbbVie announces a yield of around six percent on its dividends with the company setting a dividend of $2 to be paid next month.

This company started paying its dividends

Aurora Cannabis- It is one of the major producing companies that have at least completed the open market sale in the Australis unit capital in 2018. This company has never paid its traditional dividends to its investors with similar results. The Australis sales are effectively represented nearly 1% one-time dividend to all its shareholders, its quarterly dividends from $45 in March to $60 in April.

Innovative Industrial Properties

This company started paying its dividends in 2017, they are parting of the real estate investment trust. All companies under this trust are always associated with dividends as they are required to pay its investors, so that, they can retain their tax status. Here, earnings are taxed at the corporate level, and also taxed again when getting dividends, unlike other companies that charge double taxation. The company does not pay corporate income tax as they are only required to pay out 90% of their taxable income as dividends. This outlays that their income is only taxed once as shareholders pay their capital gains, depending on their incomes nature.

The British Cultivators- The main aim

Scott's Miracle-Gro Company- It is a company that helps farmers with a different kind of weed. Scott has invested heavily in the marijuana space although the company does not deal directly with the plant. The company also has a great stake in the hydroponics company trading over-the-counter. Recent dividends in the company stand at $1 in every share, as of April 2020 and an annual dividend yield of three percent.

Iwasaki Electric- It is an electric company that mainly focuses on light's specialty. The company's owner is a designer, marketer, and manufacturer of grow lights, a company that targets cannabis farmers and traders. Most recent dividends of the company currently stand at $0.45 as of March 2002 and an annual dividend rate of 3 percent

The British Cultivators- The main aim of this company is to process and manufacture food but, they partly deal with cannabis production. The company is owned by British Sugar Cultivators for the production of an Epidiolex a pharmaceutical drug. This company has been paying dividends semi-annually for the last 18 years with its last annual dividend yield at 2 percent. Its most recent dividend was $1 per share paid in June 2019 which has increased steadily in December 2019.

Top Cannabis Stocks that Pay Dividends

Molson Coors

It ranks as one of the top beer makers in the globe with its coor brands and lite breweries leading regarding sales. The companies dividends currently stands at 3 percent that is usually paid once in every year. As of 2020, the company cannabis overall revenue performance is double-

high compared with recent years are showing a consistent increase. No matter how the cannabis opportunity is in the industry, the companies sales are always stable. At many times, its payout is always less than 36% showing that it has plenty of financial flexibility when it comes to paying dividends to its shareholders.

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