Dividends4Life: High-Dividend Stock Yields 9%, Pays Monthly, Big Revenue Growth, Estimates Rising

With winter upon us, most of us spend a lot more time indoors, pursuing more sedentary activities, such as watching more TV. Imagine if you lived north of the border, in snowy Canada - if you're not into engaging in winter sports, that TV probably starts to occupy even more of your leisure time. That's where the focus stock in this article comes in. This stock yields 8.85% with a 66% dividend payout ratio. It has paid monthly dividends since 2007. It did a major deal in 2016, which grew revenue by 73% and net income by 34% over the past four quarters. It has received multiple upward earnings estimate revisions in the past 30 days.

We first covered Corus Entertainment (OTCPK:CJREF) back in the summer of 2016 shortly after it had done a major deal which transformed it into a major Canadian media and content company. Corus 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. The company divested its pay-TV assets as part of the deal (All currency amounts are in Canadian dollars, except where noted otherwise). Corus reaches nine out of 10 Canadians every week, and reaches 96% of all Canadians in a month. It also owns content which is sold internationally.

Source: Seeking Alpha

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