We often forget that our neighbor to the North is one of the largest energy producers on the planet, with fields rich in oil and natural gas. But our latest Best Monthly Dividend Stocks List pick hasn’t forgotten this fact. It’s turned its position in some of Canada’s most fertile fields into a steady diet of monthly dividends. Investors can feast on this fact with our pick’s high 5.5% dividend yield!
The key for our pick is its steady focus on the midstream sector of the energy marketplace. Moving crude oil and natural gas remains a cash flow-heavy business. And with its 65 years’ worth of history, our pick has pipelines in the right places to deliver that energy.
The end result is a stock with hefty cash flow and a strong monthly dividend. And with demand only growing as the world moves away from Russian energy, our pick’s place is assured.
You can check out the Best Monthly Dividend Stocks List to explore all the stocks.
