Have you noticed the performance of the Services sector lately? It's the second best performer over the past three months, trailing only the Healthcare sector, having gained 4.6%. This stock yields 8.33%, with a 50% payout ratio. It has paid monthly dividends since 2007. It has very strong growth due to a transformative deal it did in 2016. Management is successfully deleveraging the company.
Corus Entertainment (OTCPK:CJREF), a Canadian diversified broadcasting company, which we started covering in mid-July 2016. Since then, it has risen 7.7%, in addition to yielding over 8%, for a total return of around 16%. Although its one-year performance lags the S&P, CJREF has done well in 2017, gaining 8.57% year to date, outperforming the S&P 500 in the past month, quarter, and year to date. 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 transformative $2.6B deal. The company divested its Pay-TV assets as part of the deal. Corus owns 45 specialty television channels and 15 conventional television stations, with premium brands, including Global Television, W Network, OWN: Oprah Winfrey Network Canada, HGTV Canada, Food Network Canada, History®, Showcase, National Geographic, Disney Channel Canada, YTV, and Nickelodeon Canada.
Source: Seeking Alpha
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A Monthly High-Dividend Stock Yielding 8%, With Major Growth
Posted by D4L | Sunday, July 23, 2017 | ArticleLinks | 0 comments »________________________________________________________________
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