Monthly High-Dividend Stock Yields 8%, 6 Straight Hikes, More Due In 2017

Looking for outperforming high dividend stocks in the utilities sector with strong dividend growth? Or maybe even one that pays monthly? This stock yields 7.7%, with a conservative 62% payout ratio. Management has raised the distribution for five straight quarters through Q2 '17. It has issued guidance for two more quarterly distribution hikes in 2017. A major acquisition will ramp up earnings starting in Q3 '17.

Crius Energy Trust (OTC:CRIUF) is a triple threat Canadian utility that has far outperformed the Utilities SPDR ETF (NYSEARCA:XLU) over the past year and year to date. It's up 20% since we wrote our first article about it in September 2016. However, since peaking at around $8.21 in early May (after they reported Q1 earnings), CRIUF has fallen around 5.8%. We'll look at the reasons for the pullback later in this article and see if it's time to take advantage of the dip. CRIUF's management has raised the monthly distribution for six straight quarters through Q2 '17 - a 12% increase since the start of 2016. It previously issued guidance for two more quarterly hikes in Q3 and Q4 '17.

Source: Seeking Alpha

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