A Monthly High-Dividend Stock Yielding 8%, With Major Growth

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

Related Articles:
- 9 Dividend Stocks Ignoring The 4% Rule
- 10 Stocks That Have Paid Dividends For Over 100 Years
- Love People, Use Dividend Stocks
- We Were Dividends, Before Dividends Were Cool
- 7 Dividend Stocks Delivering The Secret To Success