It’s no secret that the energy sector is the hot ticket these days with demand rising and conflict removing supply. But when it comes to that supply, we often forget about our neighbors to the north. The truth is Canada has vast resources that are quickly becoming more valuable these days. And our Best Monthly Dividend Stocks List pick helps move all that crude oil.
Our pick is one of the oldest midstream firms in Canada and owns a host of pipelines, terminals, storage facilities and rail lines crossing Western Canadian oil fields. With global demand rising and Russian supplies being taken out of the market, those fields are quickly being tapped by producers. And the pick has profited.
With cash flows being driven by volumes rather than the underlying commodity price, our pick features a strong 5.2% yield paid monthly. The next distribution comes on Monday, May 2 (estimated date) when it goes ex-dividend.
You can check out the Best Monthly Dividend Stocks List” to explore all the stocks.
