Little Known High Dividend Stock Yields 9%, Strong Growth, Estimates Rising

Tired of reading about the same old dividend stocks? Sometimes we all need a little something new in our lives, to spice things up. (Don't worry, we're past the red sports car phase.) This undercovered stock yields 9.24%, with a 58% dividend payout ratio. EBITDA grew 56%, Earnings 58%, and Revenue 18% in 2016. It has received multiple upward earnings estimate revisions in the past month.

CanWel Building Materials Group Ltd., (OTC:CWXZF) is one of North America's largest distributors of building materials and home renovation products serving the new home construction, home renovation and industrial markets. CanWel also operates nine wood preservation plants that produce quality treated wood products. (Source: CWX site) About 87% of Canwel's revenues are based in Canada, with 13% coming from the US.

Source: Seeking Alpha

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