Most energy companies are tied up very tightly to oil prices and prospects. Currently, the company pays monthly dividends of $0.21 per share at a dividend yield of 7.2%. Plus, it’s an eight-year-old aristocrat, so it will most likely maintain its dividend growth streak and keep increasing its dividends for the foreseeable future. But the company has sustained its dividends through worst, and it’s likely to continue. In this article we present the list of Top 10 Dividend Stocks That Pay Monthly. Pembina, with its monstrous 8.6% yield, is one of them. 5 Stocks Under $49 (FREE REPORT). Two special kinds of dividend stocks that are more likely to issue monthly dividends are REITs and business development companies (BDCs). This is why most income investors start with Canadian Dividend … Fees: 0.11% … In Canada, there are a large number of publicly traded companies with a track record of sharing profits with investors year after year, in the form of regular dividend … The first REIT, and spoiler alert, there are a lot of them on this list. The company pays monthly dividends of $0.05 per month, with its dividend yield currently standing at 8.3%. 6% yield enough to get you $50 a month in dividends if you invest $10,000 in the company. Its dividend growth rate is also pretty decent. It’s present in 25 countries, but the bulk of its revenues is generated here. Its payout ratio was 59%. Thanks to a few dividend aristocrats in the mix, the income increase should hopefully provide you with a nice sum that will hit your investment account every month. With a very decent yield and a futuristic approach towards energy production, TransAlta’s future seems safe, and with it, your dividends if you choose to add this company in your portfolio. It’s natural to be apprehensive because of the payout ratio, but understand that it is associated with the fair value evaluation of the underlying properties. The company has a powerful liquidity position and a robust balance sheet. Amid the pandemic, its products’ volumes and selling prices declined, dragging its revenue down by 11.2%. As the name implies, the bulk of Killam’s net operating income (89%) comes from apartment properties. And even though it increased its market value over the years very slowly, the growth has been very steady. Ticker: PPLDividend Yield: 8.62%Dividend Payout Ratio: 139.7%Market Cap: $15.76 billion. Currently, the company pays monthly dividends of $0.16 per share, with its forward dividend yield standing at an attractive 7.7%. Chemtrade Logistics (TSX:CHE.UN), which provides industrial chemicals to a wide range of manufacturing companies, is my second pick. It offers mortgages to multifamily properties, office, and retail properties, primarily in urban markets across the country. It’s a non-banker lender, which allows it to furnish loans/mortgages for properties and projects not covered by traditional lenders and banks. Parkland is an independent fuel supplier and marketer. I understand I can unsubscribe from these updates at any time. Ticker: TFDividend Yield: 8.48%Dividend Payout Ratio: 123.2%Market Cap: $678 million. Pembina Pipeline (TSX:PPL)(NYSE:PBA) has raised or maintained its dividends for the previous 22 years. Keyera (TSX:KEY), which services oil and gas producers in Western Canada, has raised its dividends 16 times at an annualized rate of 8% since going public in 2003. However, the company’s long-term growth prospects look healthy, with the senior Canadian population projected to shoot up in the coming decades. Industry: Energy. 4 Monthly-Paying Dividend Stocks With Yields Above 7%. Despite long-term contracts and sizeable revenue growth in the past five years, the company has been sporting a very high payout ratio for quite a while. Iain Butler and the Stock Advisor Canada team only publish their new “buy alerts” twice a month, and only to an exclusively small group. Realty Income (NYSE:O) Realty Income (NYSE: O) - Current dividend yield: 3.93% -The … This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. This is enough to start a sizeable passive income (if you can invest a hefty amount) that you can rely on every month. Disclaimer: Wealth Awesome strives to keep its information accurate and up to date. Ticker: EIFDividend Yield: 7.36%Dividend Payout Ratio: 150%Market Cap: $1.12 Billion. Dividend Yield: 2.84% Dividend Payout … Ticker: NPI. Both the stock appreciation and the company’s payout ratio have been very consistent. The company doesn’t offer much capital growth, but the stock price usually stays steady. However, it’s not a very consistent growth stock. Your email address will not be published. Required fields are marked *. Thankfully, there is an easy solution: Monthly dividend stocks. Click to skip ahead and see the Top 5 Dividend Stocks That Pay Monthly. These are stocks that have raised … Currently, the company pays monthly dividends of $0.16 per share, with its forward dividend yield standing at an attractive 7.7%. It’s an eight-year-old aristocrat with a very juicy yield and a reasonable payout ratio despite what the real estate sector went through in 2020. The balance sheet is in good shape. Home » Investing » 4 Monthly-Paying Dividend Stocks With Yields Above 7%, Rajiv Nanjapla | February 24, 2021 | More on: PBA CHE.UN EXE KEY PPL. Motley Fool Canada's market-beating team has just released a brand-new FREE report revealing 5 "dirt cheap" stocks that you can buy today for under $49 a share. Questrade also allows you to purchase ETFs for free on its platform. Timbercreek is another non-bank lender, but it specializes in commercial properties – an industry that’s both highly profitable or a loss-magnet, depending on the asset you are investing in. That also drove the yield up. The company’s management expects its 2021 adjusted EBITDA to come in the range of $3.2 billion-$3.4 billion. Further, the company earns a significant amount of revenue through long-term contracts, which shields its financials from price fluctuations. Meanwhile, I believe Pembina Pipeline could continue raising its dividends amid a recovery in oil demand, which could improve its asset utilization and boost its financials in the coming quarter. Enter your email address below to get started now, and join the other thousands of Canadians who have already signed up for their chance to get the market-beating advice from Stock Advisor Canada. Though a mortgage company doesn’t seem like a very wise investment, especially if you think that the real estate bubble will burst sometime in the future, but First National is an exception. If the occupancy rate stays above a certain level, its investors don’t need to worry about their monthly dividends disappearing or reducing. It has also started a caregiver training program, which could train around 600 caregivers every year, thus addressing the shortage of personal support workers. So, given its high dividend yield and improving demand for its products, I believe Chemtrade Logistics is an excellent buy right now. It pays … Its net losses also widened from $12.6 million to $25.8 million. Market cap: $9 billion. All rights reserved. Unlike many other companies on this list, First National is quite exposed to market downturns and recession, but it hasn’t stopped it from dishing outs dividends every month, not yet at least. Ticker: KMP.UNDividend Yield: 3.88%Dividend Payout Ratio: 28.9%Market Cap: $1.76 Billion. Geographic diversification isn’t extensive, but a presence in those markets might allow the company to expand further. Closing the list is another REIT that’s offering a yield just shy of double digits. The portfolio is geographically concentrated in Halifax, New Brunswick, and Ontario. At its current rate, the company will pay off whatever you invest in it, in less than 12 years. In the last five years, the company has only increased its dividends once. The balance sheet is strong, and once the company takes off from the slump it’s trapped in, the payout ratio would come under control as well. In terms of U.S. dollars, the annualized dividend payout of $0.74 per share represents a strong yield of 4.1%. Ticker: AIDividend Yield: 8.3%Dividend Payout Ratio: 94.7%Market Cap: $473.8 million. So for some months, you might be getting a hefty amount, and for others, almost nothing. The 7.7% yield is sizeable enough to give you a monthly amount that rivals the average OAS pension if you invest $100,000 in the company. But it’s not completely immune to the market downturn, hence the high payout ratio. Dividend stocks have long been admired for their ability to create income for investors regardless of market conditions. I liked stocks with a high dividend … Atrium’s ticker is truly a lost opportunity for artificial intelligence (AI) companies. … The company’s assets are almost double its liabilities, and its operating income is growing quite steadily. Ticker: FNDividend Yield: 6%Dividend Payout Ratio: 74.9%Market Cap: $2.03 Billion. And even though the payout ratio seems dangerously high, the company has kept growing its dividends through the worst payout ratios. The company hasn’t grown its market value very steadily in the past, but it does have capital growth potential. Further, the recovery in the energy sector could drive its financials in the coming quarters. RRSP Investors: 2 Top Canadian Stocks … The company has 44 fully functional facilities in the country and a few in Australia, and long-term contracts. We may receive a fee when you click on a link, at no additional cost to you. You can open an account at Questrade, and get $50 in free stock trades. By focusing on urban area properties, the company ensures that most of its money is tied up to desirable locations and properties. Ticker: NVU.UNDividend Yield: 4.5%Dividend Payout Ratio: 56.5%Market Cap: $2.3 Billion. The safety of Killam’s monthly dividends comes from its continuously growing rental-based net income. The Best Dividend Stocks in Canada. As one of the largest multifamily landlord in the country and the largest in several areas, Northview doesn’t face a lot of competition. In the recently announced fourth-quarter earnings, the company’s adjusted EBITDA declined by 35.7%. This is your chance to get in early on what could prove to be very special investment advice. Save my name, email, and website in this browser for the next time I comment. In terms of U.S. dollars, the annualized dividend payout of $0.74 per share represents a strong … They are reliable, relatively safer against market fluctuations, and typically offer higher returns than interests. Simply click the link below to grab your free copy and discover all 5 of these stocks now. Are you looking for a safe space to park your funds and make your money work for you? The company owns assets of about $11.5 billion, and they are capable of producing 2.68 GW of energy. Your email address will not be published. Keyera(TSX:KEY), which services oil and gas producers in Western Canada, has raised its dividends 16 times at an annualized rate of 8% since going public in 2003. The company reported its fourth-quarter earnings yesterday. It’s not a very good growth stock, but the yield is reason enough to buy this aristocrat. Meanwhile, check out the following report for cheap stocks trading under $49. So, I believe its dividends are safe. One reason might be that the company invests a lot of money in acquiring new facilities and expanding its current facilities. Market value: $21.5 billion Dividend yield: 4.6% You can't have a list of monthly dividend stocks and not include Realty Income (O, $61.26).While several REITs pay monthly … The growth rate isn’t too powerful, but if the company is going through the trouble of only marginally increasing its payouts, the chances are that it wouldn’t slash its dividends. Bank of Nova Scotia (TSX:BNS) In reality, we could litter our top 10 list with Canada’s Big … 13 of The Best Monthly Dividend Stocks in Canada, How to Buy Monthly Dividend Stocks in Canada, dividends, making them perfect for investors looking for a predictable dividend income, energy companies are tied up very tightly to oil prices, BMO ZBAL Review 2021: Balanced All-In-One ETF Portfolio for Canadians, iShares XBAL Review 2021: Balanced Growth All-In-One ETF Portfolio. I consent to receiving information from The Motley Fool via email, direct mail, and occasional special offer phone calls. The rest are in Europe. Just Released! The rest is divided between commercial and manufactured homes. Storing cash in a High-Interest... Are you interested in investing in a portfolio of securities with reduced exposure to risk? Despite having a very diversified portfolio of underlying businesses that includes material companies, manufacturing plants, regional air services, custom helicopters, and a flight college, the company saw its stock go down by over 68% in the 2020 crash. Meanwhile, Keyera has raised its dividends 16 times at a CAGR of 8% since going public in 2003. Even if the dividends don’t grow, the company’s capital growth potential is powerful enough to cover for it. Top 150+ Dividend Stocks In Canada – Complete List (2021) 1. … However, the company has taken several initiatives, such as slashing its SG&A expenses and optimization its operation, which could improve the company’s margins in 2021. Ft. Over 90% of the portfolio comprises of retail properties, and the total asset value is over $15 billion. This Toronto-based REIT has a portfolio of 221 properties, covering an area of 38.6 Sq. The company has a “balanced” balance sheet, nothing too strong. The REIT has a solid balance sheet, and it has been steadily growing its revenue for the past five years. The bulk of its tenants are well-known names like Walmart, Loblaws, Shoppers Drugs Mart, etc. Canadian Utilities is one of the largest utility companies in Canada. A decent portion of REITs pays monthly dividends, making them perfect for investors looking for a predictable dividend income schedule. Finding reliable monthly dividend stocks can be challenging. More reading. Ticker: RNWDividend Yield: 5.27%Dividend Payout Ratio: 241%Market Cap: $4.33 Billion. Killam is another growth-oriented REIT, but it doesn’t grow its dividends. So, I believe Keyera is an excellent buy for income-seeking investors. The company has three principal operating divisions, i.e., retail, logistics, and marketing. And if you want to earn a consistent monthly income through dividends, you may find this list of some of the best monthly dividend stocks in Canada very useful. All financial products, shopping products and services are presented without warranty. © 2021 The Motley Fool Canada, ULC. TransAlta pays a monthly dividend of $0.0783 per share in Canadian dollars. In the last ten years, its dividend-adjusted CAGR (compounded annual growth rate) has been 10.84%. Current as of February 25, 2021. Ticker: NPIDividend Yield: 2.84%Dividend Payout Ratio: 63.5%Market Cap: $7.58 Billion. Companies in these … Northview’s portfolio is more evenly distributed among provinces and territories. Dividend stocks are valuable … The contracts provide relative security to the company, and surety that someone would be buying the power they are producing. Ticker: REI.UNDividend Yield: 9.75%Dividend Payout Ratio: 533%Market Cap: $4.7 billion. Ft. Investing in high-yielding dividend stocks is the convenient and cheapest means to earn passive income, as it does not require huge capital upfront. The geographical distribution is concentrated mostly on Toronto, where about 52% of the locations are based in. The yield is also decent enough, and if you buy it at the right time, i.e., during a market crash or a real estate bubble burst, you might be able to lock in a juicy 4% yield or more. Parkland has a strong balance sheet, and it’s growing its revenues (year to year growth) at an incredible pace. This one focuses more on hydroelectric power as well as gas, wind farms, and solar power. Currently, the company pays monthly dividends of $0.04 per month, with its forward dividend yield standing at 7.4%. Meanwhile, if you are looking to invest in monthly dividend stocks, here are four TSX stocks with above 7% yields. Copyright 2021 Wealthawesome.com All Rights Reserved. It’s capital growth potential rivals that of Killam, and it comes with a much higher dividend yield. Ticker: TSX:XDIV. TransAlta pays a monthly dividend of $0.0783 per share in Canadian dollars. So, the company has more headroom to hike its dividends. Canada’s Best Dividend Stocks 2021 By Mark Brown on January 22, 2021 We’ve graded the largest, most liquid Canadian dividend stocks based on Yield, Stability and … This REIT focuses primarily on retail properties and has about 166 assets throughout the country. More than half the mortgage loans are tied to multifamily properties. This helps because it doesn’t have to rely quite heavily on third-party vendors, and it’s relatively self-sufficient. Not to alarm you, but you’re about to miss an important event. The company’s valuation also looks attractive, with its forward price-to-sales standing at 0.5. This monthly dividend paying REIT offers a very juicy yield at a very safe payout ratio. Dividend aristocrats that pay monthly dividends are relatively rare, but not completely unheard of, and Parkland is one of them. It is … Extendicare (TSX:EXE) provides care and services to senior citizens across Canada through various brands. PE Ratio: 15.48. … This is why most income investors start with Canadian Dividend Aristocrats. Granite is also a dividend aristocrat, the oldest ones in the real estate sector, with nine consecutive years of dividend increases under its belt. When evaluating offers, please review the financial institution’s Terms and Conditions. Pre-qualified offers are not binding. However, the improvement in economic activities could drive the demand for its products and services in the coming quarters, which could boost its financials. The company operating expense increased during the pandemic while occupancy declined, which impacted its margins. It’s a power producer that focuses on clean and green energy and has considerable power generating assets. It’s one of the largest players in the energy sector and one of the safer ones. It was never a very decent growth stock, to begin with, and might take a lot of time to recover, but the dividends are likely to continue and grow. Each month at Canada Stock Channel, we screen through our coverage universe of dividend paying stocks, and we look at a variety of data — dividend yield, book value, quarterly earnings — and compare it to the stock's trading data to come up with certain calculations about profitability and about the stock… The total worth of SmaertCentres assets is $10.4 billion, and it spread around 34.2 million Sq. The energy sector is full of decent dividend stocks, but very few of them offer monthly dividends. It also happens to be one of the best growth stocks in the sector, so that it will be a fine addition to your portfolio in terms of both dividends and the dividends. The diversified asset portfolio works in the company’s favor. iShares Core MSCI Canadian Quality Dividend Index ETF. Total assets of the company are worth about $4 billion, and it comprises of 27,000 residential units, 344 executive suites, and 1.2 million Sq. When it comes to passive income, few assets come close to the comfort and consistency of dividends. Market Rally: Time to Buy These Big Dividend Value Stocks? The primary reason an investor would want to own a dividend stock is for the passive income. The company has been growing its dividends for seven consecutive years. Its financial position also looks healthy, with a liquidity of $2.54 billion at the end of the third quarter. This also allows the company to charge a premium. So even if the oil prices are down, the income of companies like Pembina doesn’t suffer as much as exploration and refining related companies. The company focuses on developing and maintaining good-quality properties, and its very high occupancy rate suggests that it’s a good enough landlord. Out of its 97 of its income-producing properties, 43 are in the US and 26 in Canada. Canadian Utilities (CU) Industry: Electric utilities. But pipeline stocks generate most of their revenues from long-term contracts. The yield is high enough that even if you invest just one year’s total TFSA contributions ($6,000) in the company, you will get about $48.75 a month. … Ticker: SRU.UNDividend Yield: 8.77%Dividend Payout Ratio: 288%Market Cap: $3 billion. Even during the pandemic, the energy infrastructure company continued paying dividends, thanks to its long-term contracts with strong counterparties. 2 Cities That Are Way Cheaper, Bullet Dodged: 2 High-Profile Stocks That Tanked This Year, Buy These 4 Canadian Stocks for Superior Returns in 2021, The 3 Best TSX Dividend Stocks You Can Buy With $100, I believe Keyera is an excellent buy for income-seeking investors. Dividends are typically paid on a monthly or quarterly basis, providing … Please read the Privacy Statement and Terms of Service for more information. Even though Northland Power isn’t a dividend aristocrat, its payouts can be considered very safe and dependable, thanks to the nature of its business. It has a network of retail fuel stations and convenience stores, which is most dense in the country and the US. Meanwhile, Extendicare is expanding its operations with the construction of a 256-bed long-term-care home in Sudbury. About one-fourth of the Walmarts in the country are on SmartCentres properties. If you have ever shopped in a Walmart, the chances are that you’ve stepped foot in one of SmartCenters properties. Most of its facilities are concentrated in North America, with a few offshore wind farms near Europe and Taiwan. And whatever it lacks in the dividend department, it makes up for with capital growth. Still, the 3.8% yield, monthly dividends, and a very safe payout ratio make it a good addition to any portfolio. And since it’s a dividend aristocrat, that amount will increase every month (albeit at a modest pace). Returns since inception, October 2013. The payout ratio currently seems dangerously high, but the company had seen worse and has grown its dividends even when the payout ratio grew over 300% in 2017. The Motley Fool recommends KEYERA CORP and PEMBINA PIPELINE CORPORATION. Canadian Utilities. What makes Granite a very decent investment, apart from its stellar dividend history and capital growth potential, is its asset-class. Despite retail properties suffering some of the worst of what the pandemic had to offer, SmartCentres maintained a very high occupancy rate of 97.8%. But the company’s monthly payout frequency and a very generous yield of 7.7% makes it a perfect opportunity for dividend investors. The dividends seem safe enough for now, and many people would have to default on their mortgages for dividends to be in serious danger. When we decided to update our list of the Best Canadian Dividend Stocks for 2021, we focused on four key areas: We hand-pick high dividend stocks that we believe will continue thriving during next year, regardless of what 2021 has in store for us. Its payout ratio was 59%. This post may contain an affiliate relationship with companies that Wealth Awesome believes in personally. The company has a globally diversified portfolio i.e., its properties are located in nine countries, but the distribution is not very even. Ft. of commercial space. The post 4 Monthly-Paying Dividend Stocks With Yields Above 7% appeared first on The Motley Fool Canada. But the stock isn’t a dud in the growth department as well. If you create an equally weighted portfolio out of these 13 stocks, you will get an average yield of about 6%. The pace that it’s growing its wind power generation capabilities, chances are that it might divest off its natural gas before any sanctions. The energy sector’s weakness has hurt Keyera (TSX:KEY), which services oil and gas producing companies in Western Canada. Enbridge Inc. (ENB.TO) Dividend yield: 6.25% Market cap: $105 billion. Exchange Income Fund is a powerful dividend aristocrat, with a history of increasing dividends for nine consecutive years.
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