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First Brexit… then Trump… Now, it’s time for Pro

Is your portfolio really prepared for what’s coming next?

To help investors like you navigate this historically uncertain — yet high-flying — market and prepare for an inevitable downturn, we’re re-opening our Motley Fool Pro Canada service to a select few new members for a short time.

To discover how Pro Canada could help you to increase your upside potential… reduce your downside risk… and earn paycheque-like income in the process, simply click here — before the small number of spots we have left are all gone!

4 Monthly Dividend Stocks With Yields Over 5%

Investing in monthly dividend stocks is a great way to supplement your income, so I’ve compiled a list of four great ones with high and safe yields over 5% that you could buy right now. Let’s take a quick look at each.

1. InnVest Reit Trust Units 

InnVest Reit Trust Units (TSX:INN.UN) is Canada’s largest owner of hotel real estate with ownership interests in 109 hotels located across every province that operate under internationally recognized franchise brands. It also owns a 50% interest in Choice Hotels Canada Inc., one of the country’s largest franchisors of hotels.

It pays a monthly distribution of $0.0333 per share, or $0.40 per share annually, which gives its stock a yield of about 5.8% at today’s levels. It’s also important to note that the company has maintained this annual rate since 2012, and its strong operational performance could allow it to continue to do so going forward.

2. Superior Plus Corp.

Superior Plus Corp. (TSX:SPB) owns a portfolio of diversified businesses with operations in energy distribution, specialty chemicals, and construction products distribution. Its subsidiaries include Superior Propane, ERCO Worldwide, and Superior Plus Construction Products Distribution.

It pays a monthly dividend of $0.06 per share, or $0.72 per share annually, which gives its stock a yield of about 6.75% at today’s levels. It’s also very important to note that the company has raised its annual dividend payment for two consecutive years, and its ample amount of adjusted operating cash flow could allow it to continue this streak in 2016.

3. Atrium Mortgage Investment Corp.

Atrium Mortgage Investment Corp. (TSX:AI) is one of Canada’s largest non-bank lenders that provides creative financing solutions to the real estate communities in Ontario, Saskatchewan, Alberta, and British Columbia. It has 204 mortgages in its portfolio valued at approximately $464 million as of April 20, 2016.

It pays a monthly dividend of $0.07167 per share, or $0.86 per share annually, which gives its stock a yield of about 7.2% at today’s levels. It’s also very important to note that the company has raised its annual dividend payment for two consecutive years, and its 2.4% hike in February has it on pace for 2016 to mark the third consecutive year with an increase.

4. Vermilion Energy Inc.

Vermilion Energy Inc. (TSX:VET)(NYSE:VET) is an international oil and gas producer with operations in North America, Europe, and Australia.

It pays a monthly dividend of $0.215 per share, or $2.58 per share annually, which gives its stock a yield of about 6.25% at today’s levels. It’s also important to note that the company has maintained this annual rate since 2014, and although it has been negatively impacted by lower commodity prices, its strong generation of fund flows from operations could allow it to continue to do so going forward.

Why we're buying more of this "Wall-Street Darling" that was left for dead!

The savvy team of analysts and advisors inside Stock Advisor Canada, recently issued a "buy" alert on this downgraded stock. After being left for dead by five or more big banks in a five-week span, our team scooped up shares as fast as we could--and are recommending that Stock Advisor Canada members jump on this rare opportunity immediately. So simply click here to unlock the full details behind this new recommendation and join thousands of others inside of Stock Advisor Canada.

Fool contributor Joseph Solitro has no position in any stocks mentioned.

NEW! This Stock Could Be Like Buying Amazon In 1997

For only the 5th time in over 14 years, Motley Fool co-founder David Gardner just issued a Buy Recommendation on this recent Canadian IPO.

Stock Advisor Canada’s Chief Investment Adviser, Iain Butler, also recommended this company back in March – and it’s already up a whopping 57%!

Enter your email address below to claim your copy of this brand new report, “Breakthrough IPO Receives Rare Endorsement.”

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