With energy supplies remaining constrained, those firms who move crude oil and natural gas continued to rack up gains for investors. This included our latest Best Monthly Dividend Stocks List pick. Since being added to our portfolio back on November 19th, 2021, it’s managed to produce a 7.4% price return – on top of a growing 5.8% yield!
The key win has been our pick’s operating area. The firm owns plenty of pipelines, terminals and other assets in Canadian shale fields. These fields continue to see rising demand and drilling activity as the nation is seen as a safe and secure place to fuel the world’s energy demand. And, as such, our pick continues to collect cash flow from these rising volumes. Meanwhile, smart projects and M&A have continued to fuel additional growth potential at the firm.
All in all, our pick offers a high-yielding monthly dividend payer that continues to reward shareholders with rising distributions.
You can check out the Best Monthly Dividend Stocks List to explore all the stocks.
