Energy remains one of the best places for investors to find top-notch returns. As the world grapples with supply/demand imbalances, gains have been plentiful. This includes our latest Best Monthly Dividend Stocks List pick that, since being added to our list back on November 19, 2021, has managed to produce a 12.8% price return. This is on top of the firm’s juicy 5.2% monthly dividend. The stock goes ex-dividend on Wednesday, August 24 when it will raise its payout by 0.6% to $0.1633/share.
The reason for our pick’s success comes down to its location. Our firm is one of the largest pipeline operators in Canada. This includes plenty of midstream infrastructure in key shale fields. As the world has grappled with supply imbalances, safe and secure Canada is quickly emerging as a top destination for meeting those needs. For our pick, that’s provided surging cash flows that safely covers its dividends.
In the end, our pick remains a top choice for monthly dividend seekers.
You can check out the Best Monthly Dividend Stocks List to explore all the stocks.
