Energy continues to be the sector that keeps on giving. As supplies remain constrained and demand continues to rise, securing new sources of crude oil has never been more important. For firms that provide access to reserves and bring this product to market, the last few quarters have been manna from heaven. Soaking up this manna has been our latest Best Monthly Dividend Stocks List pick.
Our pick is one of the oldest midstream firms in Canada, owning a host of pipelines, terminals, storage facilities and rail lines crossing Western Canadian oil fields. With global demand rising and supplies being constrained, those fields are quickly being tapped by producers. And our pick has profited in a big way.
The best part is our pick retains much of its former Canadian Royalty Trust (CanRoy) spirit and continues to reward shareholders with its excess cash flows. And with those cash flows being driven by volumes rather than the underlying commodity price, the rewards remain steady and plentiful. The next monthly distribution comes on Friday, July 1 (estimated date) when it goes ex-dividend.
You can check out the Best Monthly Dividend Stocks List to explore all the stocks.
