Last week, we wrote an article on a high dividend stock, SIR Royalty Fund, (SIRVF), which has been a dependable dividend payer for years. Due to the overwhelming response to that article, we went hunting in the monthly dividends jungle again, to see if we could bag another prize. Oddly enough, we found another monthly payer. This stock yields more than 9%, with a well-covered dividend, and is now selling below Book Value. It has steadily paid monthly dividends since 2007, with a five-year annualized growth rate of nearly 8%. It recently closed a major acquisition which will give it 34% market share, and more than double its revenue, EBITDA and free cash flow.
Corus Entertainment, (OTCPK:CJREF), pays out the exact same monthly dividend, with the same currency exchange characteristics - it's also a Canadian company. However, Corus has a higher dividend yield than SIRVF - it's now over 9%. Corus is a media and content company, which was founded in 1999 by JR Shaw of Shaw Communications (NYSE:SJR). On 4/1/16, Corus acquired Shaw's portfolio of TV brands, in a $2.6B deal. Like any foreign shares, you'll have some currency exchange risk in addition to some diversification from US-based assets.
Source: Seeking Alpha
Related Articles:
- 7 Dividend Stocks With A Low Payout Ratio
- 5 Dividend Stocks Beating the S&P With Positive Returns In Excess of 50% YTD
- Income Annuities vs. Dividend Stocks
- 8 Select High-Yield S&P 500 Dividend Stocks
- Your Greatest Wealth Building Asset
Dividend Stock Yields 9%, Pays Monthly, Big Acquisition Growth, Below Book Value
Posted by D4L | Thursday, August 18, 2016 | 0 comments »_____________________________________________________________________
Subscribe to:
Post Comments (Atom)
Popular Posts Last 30 Days
-
Do you need more income? Join the crowd. It seems everyone is scouring the landscape these days for decent income investments to beef up the...
-
There are some dividend aristocrats which have not only maintained but increased their dividends for over half a century. Having survived ev...
-
In bull markets, dividends become more or less irrelevant. When the Dow Jones Industrial Average traded above 14,000 in 2007, very few stoc...
-
While I've invested a decent portion of my portfolio into growth stocks, a significant part of my holdings consists of dividend-paying s...
-
Investors hear about dividend aristocrats all the time. It’s a fantastic thing if a company raises its dividend every year for 25 years runn...
-
All too often when a cheap stock offers a high dividend yield, it's too good to be true. Perhaps the stock has plunged with good reason,...
-
Stocks can make for amazing investments, offering better long-term returns than bonds, precious metals, and most other commonly available in...
-
Anxiety over the European debt crisis and distrust in the markets drove volatility in global stock markets to dizzying heights in 2011. The ...
-
If it's dividends you're after, there are plenty of top companies to consider, particularly those on the Dow Jones Industrial Averag...
-
To alert investors of stocks that have the highest risk of reducing their current dividend in the future, Simply Safe Dividends created a Di...

0 comments
Post a Comment
Post a Comment