While nobody can claim that any dividend stock is completely immune to market volatility, I believe building a portfolio of income-producing businesses can be rewarding with the long-term Foolish investing approach. For Canadians, a Tax-Free Savings Account (TFSA) could make that strategy even more attractive by allowing eligible investments to generate income without Canadian income tax.

To achieve that goal, monthly-paying real estate investment trusts (REITs) could be worth considering, especially for investors who prefer receiving regular cash distributions.

In this article, I’ll highlight one attractive Canadian monthly dividend stock offering an attractive yield and explain why it could be a great TFSA investment.

SmartCentres stock

The Canadian stock I would consider for monthly TFSA income is SmartCentres Real Estate Investment Trust (TSX: SRU.UN), which owns and manages a large portfolio of retail and other properties across Canada.

This Vaughan-based REIT currently has ownership interests in 201 properties, with shopping centres forming a major part of its business. After climbing about 7% year-to-date, SmartCentres stock trades at $27.59 per unit with a market cap of around $4 billion.

More importantly for income-focused investors, the REIT offers a juicy 6.7% annualized dividend yield, with distributions paid every month.

Besides these regular payouts, SmartCentres’ strong retail operations and continued leasing momentum make it an interesting investment. Let’s take a closer look.

The underlying financial strength

In the third quarter, the REIT reported a small 0.4% year-over-year (YoY) increase in its net operating income to $141.8 million. Higher rental income from new leases and renewals supported this growth, although lower profits from residential sales partly offset those gains.

More importantly, SmartCentres’ same-property net operating income rose 2.5% YoY in the latest quarter with the help of stronger leasing activity and higher rental rates. Excluding anchor tenants, this growth was even better at 3.8%. Meanwhile, its committed occupancy rate improved slightly from the previous quarter to reach an impressive 98.2%. And its lease renewals, excluding anchor tenants, delivered strong rent growth of 11.8%.

During the quarter, the REIT leased roughly 104,000 square feet of previously vacant space, bringing its total leased vacant space to 408,000 square feet in the first nine months of 2026.

Why SmartCentres could be a great monthly income stock

What makes SmartCentres even more appealing for TFSA investors is its potential for future rental income growth, backed by its ongoing expansion projects.

For example, the REIT is developing three new Walmart-anchored retail centres in Kingston, Lindsay, and Winnipeg. Construction at its Kingston location was expected to begin in the fourth quarter of 2026. It also recently completed two self-storage facilities in Quebec, expanding its operating portfolio to 16 facilities. Adding to the optimism, its three other self-storage properties are expected to open in 2027.

On top of that, SmartCentres continues to advance its residential developments in Vaughan, including the ArtWalk condominium project, where roughly 93% of its 340 units were already pre-sold as of September.

While its third-quarter adjusted funds from operations payout ratio of 96.8% leaves limited room for unexpected challenges, SmartCentres’ high occupancy, steady rental demand, and growing property portfolio support its long-term income potential.

Foolish takeaway

Overall, SmartCentres could be an attractive TFSA stock to buy right now for investors seeking monthly passive income. Its 6.7% dividend yield, combined with its ongoing expansion efforts, could help investors generate regular tax-free distributions while benefiting from potential long-term growth.

The post A Perfect TFSA Stock: A 6.7% Payout Each Month appeared first on The Motley Fool Canada.

More reading

• Monthly Dividend Stocks: 3 TSX Picks That Pay Every 30 Days
• 5 Top Canadian Stocks to Buy and Hold With $1,000
• 2 TSX Dividend Stocks to Consider Now for Steady Passive Income
• Here Are the Highest-Yielding Dividend Stocks in Canada for November
• Hot Take: The Best Monthly Dividend Stock on the TSX Right Now

Fool contributor Jitendra Parashar has no position in any of the stocks mentioned. The Motley Fool recommends SmartCentres Real Estate Investment Trust. The Motley Fool has a disclosure policy.

I always prefer calculating how much income an investment could actually generate before deciding whether its dividend yield is attractive. While a percentage might look impressive on paper, converting it into monthly dollars makes the potential benefit much easier to understand.

For example, if you want to earn an extra $100 each month, the amount you need to invest will depend heavily on the yield of the dividend stock or fund you choose. On the one hand, higher yields can reduce the initial investment required. On the other hand, they can also come with additional risks that investors shouldn’t overlook. That’s why I’d check whether the business produces enough cash to cover its payments and whether its debt, operating costs, or weaker demand could put future dividends under pressure.

In this article, I’ll highlight one such monthly dividend stock that could help you earn $100 a month from an investment of around $14,520.

A high monthly dividend stock with a juicy yield

If you’re looking to build a steady monthly passive income stream, BTB Real Estate Investment Trust (TSX: BTB.UN) could be an attractive stock to consider right now.

This Montréal-based real estate investment trust (REIT) owns a well-diversified portfolio of industrial, necessity-based retail, and suburban office properties across Canada.

BTB stock has slipped 7% over the last year to currently trade at $3.63 per unit, giving it a market cap of about $323 million. On the brighter side, the recent pullback has made its monthly distributions even more attractive for income-focused investors, with a yield of 8.3%.

Clearly, the REIT’s recent stock performance doesn’t look encouraging. And some of this weakness comes amid challenges such as tenant departures, vacant properties, and rent concessions. Nevertheless, BTB’s leasing initiatives and ongoing investments are helping it navigate these challenges.

How the trust is navigating temporary challenges

In the second quarter, BTB’s rental revenue rose 4.5% year-over-year (YoY) to $31.9 million. This increase was mainly driven by the impact of a non-cash lease accounting adjustment in the year-ago quarter, along with new leases and higher rental rates on renewals. However, tenant departures and rent reductions partially offset these gains.

Similarly, the REIT’s quarterly net operating income jumped 10.5% YoY to $18.9 million, while its cash net operating income rose nearly 2%. More importantly for income investors, BTB’s adjusted funds from operations (AFFO) rose to 9.8 cents per unit from 9.5 cents a year ago.

These improvements also helped the trust reduce its adjusted AFFO payout ratio to 76.5% from 79.2%, suggesting better distribution coverage.

Why BTB’s monthly income potential looks attractive

Besides its improving quarterly financial performance, BTB’s generous monthly cash distributions make it even more interesting for investors seeking regular passive income.

In October 2026, the trust announced a monthly cash distribution of $0.025 per unit, or $0.30 per unit annually. Based on its current unit price of $3.63, you could buy 4,000 units for $14,520 and earn $100 every month, or $1,200 annually.

Moreover, BTB has been actively repositioning its property portfolio toward industrial real estate to support long-term growth. In March 2026, it acquired three fully leased industrial properties in Leduc, Alberta. More recently, in October, the trust purchased another industrial property in Acheson for $18.8 million.

Together, these two industrial acquisitions represent an investment of $50.3 million and are expected to contribute roughly $3.7 million to its annualized net operating income. I believe such investments could gradually strengthen BTB’s rental income and support its monthly distributions.

Foolish takeaway

Although its 58.1% debt ratio remains a risk worth watching, BTB’s improving quarterly payout coverage, continued leasing efforts, and focus on industrial properties make it an appealing high-yield stock to consider for monthly passive income.

The post An 8.3% Monthly Dividend Stock – Earn $100 a Month on $14,520 Invested appeared first on The Motley Fool Canada.

More reading

• How a $25,000 TFSA Could Fund Your Retirement
• 3 of the Best Canadian Stocks to Buy Right Now
• TFSA Strategy: How to Earn $500 a Month in Tax-Free Dividend Income
• Canadian Natural Resources vs. Enbridge: The Better Dividend Stock to Buy Today
• Loblaw vs. Empire: Which Grocery Stock Would I Choose for Long-Term Growth?

Fool contributor Jitendra Parashar has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

We all have dreams that we keep putting off until retirement. Maybe you’ve imagined spending a few months somewhere warm, taking a long road trip, or finally having the freedom to spend your weekdays however you like. But the last thing anyone wants during retirement is to constantly worry about whether their savings will cover the next month’s bills.

That’s why you may want to consider building a portfolio that could generate income even after your regular paycheques stop. And monthly dividend stocks could help you achieve that because their payments arrive on a schedule that feels familiar. You could use that money toward everyday expenses or, if you’re still working, reinvest it to gradually accumulate more shares.

In this article, I’ll highlight a top Canadian monthly dividend payer and explain why it looks appealing for Canadians hoping to turn their retirement dreams into reality.

Granite REIT stock

If you’re looking to build a steady monthly income stream for retirement, Granite Real Estate Investment Trust (TSX: GRT.UN) could be an attractive stock to buy.

This Canadian real estate investment trust (REIT) mainly focuses on acquiring, owning, and managing industrial and logistics properties across North America and Europe. Its portfolio currently includes about 147 investment properties covering 62.6 million square feet of leasable space. These properties primarily serve businesses involved in warehousing, e-commerce, distribution, and industrial manufacturing.

What makes Granite REIT even more interesting for retirement investors is its diversified property portfolio. Instead of depending on a single property or geographic market, the trust has exposure to different industrial activities across multiple regions, which could support its long-term income potential.

Despite these strengths, Granite REIT hasn’t been able to deliver impressive returns of late. Its units have slipped nearly 7% over the last six months. As a result, the REIT currently trades at $84.30 per unit with a market cap of $5.2 billion. At this market price, it offers an attractive 4.2% annualized dividend yield, with distributions paid every month.

Granite REIT’s recent financial performance

Despite the weakness in its stock, Granite REIT is continuing to deliver strong results, making it look undervalued. In the second quarter, the REIT’s revenue rose 10.6% year-over-year (YoY) to about $165 million. Its net operating income climbed 9.7% YoY, helped by new and renewed leases in Canada and the United States, rent increases, and acquisitions, despite some property sales.

More importantly for retirement investors, the company’s funds from operations (FFO) climbed 11.5% YoY. Meanwhile, its adjusted funds from operations also inched up nearly 3% to $77.3 million. With an adjusted funds from operations payout ratio of 70%, the trust’s monthly distributions were well covered by this measure.

Why its long-term income prospects look promising

Granite REIT’s consistently high occupancy rate adds to its appeal for investors looking to generate regular monthly income. Its in-place occupancy reached 98% in June, up 2.2 percentage points from a year ago. The trust also signed new and renewed leases at average rents 7% above expiring rates during the quarter, while fully leasing a Tennessee business park.

With solid occupancy, growing property income, and monthly distributions, Granite REIT could be an attractive addition to a retirement income portfolio. While its payouts aren’t guaranteed, these strong operating trends make this 4.2% yielder worth considering for the long term.

The post Here’s a 4.2% Monthly Dividend Stock to Help Fund Your Retirement Dreams appeared first on The Motley Fool Canada.

More reading

• Granite REIT vs. Dream Industrial: Which Stock Offers the Better Income Case?
• A 4.1% Monthly Dividend Stock: About $345 a Month on $100,000
• The 4.1% Dividend Stock That Could Pay Retirees Cash Every 30 Days
• How Much to Invest in CT REIT for $1,000 a Year in Dividends
• To Collect $150 a Month From Granite REIT, Here’s the Investment You’d Need

Fool contributor Jitendra Parashar has no position in any of the stocks mentioned. The Motley Fool recommends Granite Real Estate Investment Trust. The Motley Fool has a disclosure policy.

For first-time investors, the idea of investing an entire Tax-Free Savings Account (TFSA) contribution in just one stock can seem risky. You’ve spent time building those savings, so it’s natural to worry about losing money if the investment doesn’t work out.

Personally, I’d feel more comfortable owning a business that generates recurring cash rather than relying entirely on its share price going up. That’s one reason monthly dividend-paying stocks appeal to me. Such stocks provide you with a steady stream of cash every month without requiring you to sell your investments. You could reinvest those payments to buy more shares or eventually use them to cover everyday expenses.

In this article, I’ll share why this monthly passive-income stock stands out to me and whether it’s worth considering putting your full TFSA contribution into it.

The TFSA-friendly monthly dividend stock

RioCan REIT (TSX: REI.UN) is the monthly payer I’d consider trusting with a larger TFSA investment, as its juicy yield is backed by highly occupied retail properties and growing rents.

This Toronto-based real estate investment trust (REIT) mainly owns and manages commercial properties across Canada, focusing on shopping centres anchored by essential businesses like grocery stores, pharmacies, and discount retailers.

RioCan stock has climbed 13% so far in 2026 and currently trades at $21.20 per unit with a market cap of $6.1 billion. Besides these positive returns, RioCan offers an attractive 5.5% annualized distribution yield, with payouts arriving every month.

What makes this monthly dividend stock even more interesting is its focus on necessity-based retail properties, which tend to attract consistent customer traffic even during challenging economic conditions. As a result, its business model continues to support strong demand for its rental spaces.

Strong financial growth supports RioCan’s monthly payouts

RioCan’s retail committed occupancy reached a record 98.8% in the second quarter, improving from 98.2% a year ago. The trust also achieved an impressive 23.1% blended leasing spread, reflecting its ability to secure higher rents through new leases and renewals.

These strong leasing trends helped RioCan’s commercial same-property net operating income (NOI) increase by 4.3% year-over-year (YoY) during the quarter.

More importantly, its core funds from operations (FFO) per unit rose 5.3% YoY to $0.40, supported by higher commercial NOI and the positive impact of unit repurchases. Meanwhile, RioCan’s quarterly net profit climbed nearly 4% YoY, mainly benefiting from higher property valuation gains, although lower residential inventory gains weighed on operating performance.

Interestingly, RioCan’s core FFO payout ratio has been at just 73.8% over the trailing 12 months, suggesting its monthly distributions are reasonably supported by underlying earnings.

More reasons to be optimistic about RioCan

Beyond its attractive monthly payouts, RioCan’s efforts to strengthen its core business could make it an even more rewarding TFSA investment over time.

For example, RioCan has been selling residential assets to free up capital and sharpen its focus on necessity-based retail properties. In the first half of 2026, the trust completed residential property sales worth $280.5 million.

Including conditional sale agreements, its planned capital repatriation from residential assets reached about $1.3 billion, representing 96% of its 2025–2026 target.

Why you should consider RioCan for your TFSA

RioCan’s strong retail occupancy, rising rental income, and disciplined capital allocation could support its long-term growth. With a 5.5% annualized yield and consistent monthly payouts, this Canadian real estate stock could be a rewarding TFSA investment for years to come.

The post I’d Put My Entire TFSA Contribution Into This 5.5% Monthly Passive-Income Stock appeared first on The Motley Fool Canada.

More reading

• Build a Lucrative Passive-Income Portfolio With Just $35,000
• How to Structure a $50,000 TFSA for Consistent Monthly Income
• How Much to Invest in RioCan for $300 a Month in Dividends
• A 5% Dividend Stock to Buy for $100 Every Month
• Bank of Canada’s Rate Decision Is Less Than 2 Weeks Away: 3 TSX Stocks to Watch

Fool contributor Jitendra Parashar has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Most new investors think about making money in the stock market by buying shares at a low price and selling them later for a profit. And while capital gains are certainly an important part of building wealth, they’re not the only way to benefit from owning stocks.

Some companies also share a portion of their earnings with investors through regular dividend payments. What I find particularly appealing is that certain Canadian stocks pay those dividends every month, creating a stream of cash that could be reinvested or used for everyday expenses.

In this article, I’ll highlight a top Canadian monthly dividend stock that currently offers an attractive yield and could help investors build a rewarding stream of passive income.

A top Canadian monthly dividend stock to buy

If you’re looking to earn a reliable monthly income from your investments, Freehold Royalties (TSX: FRU) could be a great choice to consider right now. This Calgary-based energy company owns oil and natural gas royalty interests across Canada and the United States, earning revenue from production activities on its lands.

Freehold stock has delivered an impressive 26% return over the last year and currently trades at $17.68 per share with a market cap of roughly $3 billion. Even after this rally, FRU stock offers an attractive 6.1% annualized dividend yield, with payouts distributed every month.

Besides its generous dividends, Freehold’s improving financial performance and rising drilling activity across its royalty lands are key reasons to remain optimistic about its long-term outlook. Let’s take a closer look.

Strong underlying financials

Notably, the company’s royalty and other revenue jumped by about 28% year-over-year (YoY) in the second quarter to cross $100 million. This growth was mainly driven by stronger oil prices, which helped Freehold achieve higher realized prices despite a nearly 6% YoY decline in its average production to 15,622 barrels of oil equivalent per day.

More importantly, the Canadian energy firm’s funds from operations surged by about 38% YoY. Similarly, its quarterly net profit climbed sharply to $57 million from just $6.2 million a year ago.

What makes these results even more encouraging for dividend investors is Freehold’s improving ability to cover its monthly payouts. During the latest quarter, the company returned $44.3 million to shareholders through dividends, representing a payout ratio of 57%. That’s a notable improvement from its 78% payout ratio a year ago.

Focus on debt reduction and expansion

In the June quarter, Freehold reduced its net debt by about $24 million sequentially to $251.1 million, further strengthening its balance sheet. These developments suggest that the company has greater financial flexibility to maintain its monthly distributions while pursuing future growth opportunities.

In addition, the company continues to expand its royalty portfolio in some of North America’s promising oil-producing regions. In the latest quarter, it invested about $9 million in acquisitions and related expenditures, primarily targeting oil-focused royalty assets in the Permian Basin.

Meanwhile, Freehold’s drilling activity on its lands continues to grow. Last quarter, operators drilled 300 gross wells across its royalty portfolio, reflecting a 35% sequential increase. Of these, 226 wells were drilled in the United States, with most of that activity concentrated in the Permian Basin.

As newly drilled wells gradually begin production, Freehold expects the benefits of stronger drilling activity to become more visible in late 2026 and early 2027. This could help support its production and cash flow growth in the coming quarters.

Foolish takeaway

Clearly, Freehold’s strengthening cash flows, declining debt, and ongoing royalty portfolio expansion make it an attractive Canadian dividend stock to consider right now. With its 6.1% annualized yield and monthly payouts, FRU stock could be a rewarding long-term investment for anyone looking to build a steady stream of passive income.

The post A 6.1% Dividend Stock Paying Cash Every Month appeared first on The Motley Fool Canada.

More reading

• How a $25,000 TFSA Could Fund Your Retirement
• Invest $10,000 in This Dividend Stock for $660 in Annual Passive Income
• 5 Top Canadian Stocks to Buy and Hold With $1,000
• Here Are the Highest-Yielding Dividend Stocks in Canada for November
• Freehold Royalties vs. Whitecap: Which Energy Stock Fits an Income Portfolio?

Fool contributor Jitendra Parashar has no position in any of the stocks mentioned. The Motley Fool recommends Freehold Royalties. The Motley Fool has a disclosure policy.

Dividend investing is one of the simplest ways to start building a retirement portfolio that could eventually generate income of its own. I like the idea of putting money into established businesses today, reinvesting their distributions while I’m still working, and gradually increasing the amount of cash those investments could provide later in life.

A Tax-Free Savings Account (TFSA) makes that approach even more appealing for Canadians because eligible investment income can generally compound without income tax.

But I wouldn’t confuse a high dividend yield with a strong retirement investment. The business behind those payments needs to be capable of supporting them through changing economic conditions. In this article, I’ll highlight a top monthly dividend stock in Canada that could be a worthwhile TFSA holding for investors working toward a more dependable retirement income stream.

The TFSA-friendly monthly dividend stock

If you’re planning to strengthen your TFSA’s monthly income stream this November, Choice Properties Real Estate Investment Trust (TSX: CHP.UN) could be worth a closer look. This Toronto-based real estate investment trust (REIT) owns and manages more than 700 income-producing properties across Canada, including retail, industrial, mixed-use, and residential properties.

Choice Properties stock has remained nearly flat over the last year and currently trades at $14.87 per unit with a market cap of $4.9 billion. At this price, it offers an attractive 5.2% annualized distribution yield, with payouts made every month.

Why I find it undervalued

Interestingly, the recent weakness in Choice’s unit price doesn’t necessarily reflect the performance of its underlying business and improving long-term growth outlook. In fact, Choice Properties continues to benefit from healthy demand for its properties and improving rental rates, making it look undervalued.

In the second quarter, the REIT’s funds from operations (FFO), a key measure of operating performance for real estate businesses, rose by 1% year-over-year (YoY) to $193 million with the help of higher rental income from existing properties. However, increased interest expenses, driven by higher borrowing costs and a larger debt balance, partially offset this growth.

Another positive was the REIT’s same-asset net operating income on a cash basis, which climbed by 2.8% YoY to $255 million during the quarter. Choice’s industrial portfolio delivered an impressive 5.8% increase, while the company’s mixed-use and residential segment posted 4.1% growth. These gains highlight the strength of its diversified real estate portfolio.

Solid occupancy rate and strengthening outlook

Meanwhile, the trust maintained a solid portfolio occupancy rate of 97.7% at the end of June. It also achieved a 19% increase in rental rates on long-term lease renewals, suggesting that demand for its properties remains healthy.

Beyond these encouraging operating trends, Choice Properties continues to take steps to strengthen its long-term growth outlook. For example, the REIT recently renewed 50 leases with Loblaw, covering 3.6 million square feet. These renewals secured an average rental rate increase of 8.8% and extended the leases by an average of five years, supporting future rental income.

Adding to the optimism, alongside KingSett Capital, Choice plans to acquire First Capital REIT. The broader transaction, valued at roughly $9.4 billion including assumed debt, received approval from First Capital’s unitholders in June.

Overall, Choice Properties’ high occupancy, improving rental income, and continued focus on expanding its property portfolio make it an attractive TFSA investment for November.

The post An Ideal TFSA Stock for November, Paying 5.2% Each Year Into Your Retirement Fund appeared first on The Motley Fool Canada.

More reading

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• Choice Properties Pays Monthly: Does the Yield Compensate for Higher Rates?
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Fool contributor Jitendra Parashar has no position in any of the stocks mentioned. The Motley Fool recommends First Capital Real Estate Investment Trust. The Motley Fool has a disclosure policy.

Buying a rental property could be one of the first ideas that come to mind when you think about earning passive income. And I can understand why. Having tenants send you rent every month sounds pretty appealing, especially if you’re hoping to build an income stream alongside your regular job.

But then I start thinking about the down payment, mortgage payments, unexpected repairs, and those calls from tenants when something stops working. Suddenly, the idea doesn’t seem quite so passive.

That’s why I’d personally rather explore a way to earn income from real estate without taking on all those responsibilities myself. That’s where real estate investment trusts (REITs) come into the picture. You can invest in a portfolio of income-producing properties through the stock market, and most TSX-listed trusts distribute cash every month. You won’t own an apartment or shopping centre outright, but you could still benefit from the rental income those properties generate. And you don’t necessarily need an enormous investment to get started.

In this article, I’ll share one Canadian REIT that could pay roughly $47 a month on a $10,000 investment, without requiring you to become a landlord.

A top monthly dividend stock to generate passive income

One Canadian monthly payer worth a closer look right now is Crombie Real Estate Investment Trust (TSX: CRR.UN), especially if you like the idea of collecting income from properties without owning one yourself.

Headquartered in New Glasgow, Crombie owns and operates real estate across Canada. Grocery-anchored retail properties account for an important part of its portfolio, along with retail-related industrial sites and mixed-use residential developments. In total, it has 303 properties covering about 18.8 million square feet, including its share of joint ventures.

At the time of writing, Crombie units closed at $15.88 each, giving the REIT a market cap of roughly $1.8 billion. At that price, its annualized distribution yield was 5.7%, with cash payments made monthly.

Why this monthly payer looks attractive

Of course, an attractive monthly yield means more when the business behind it continues to perform well. In the second quarter, Crombie’s property revenue rose 2% year-over-year (YoY) to $126.2 million, backed by recent acquisitions, new leasing, and renewals. More importantly, its commercial same-asset property cash net operating income climbed 3.2% YoY to $85.1 million, helped by higher rental rates and new leasing activity.

Another positive was Crombie’s committed occupancy rate, which improved to 97.5% from 97.2% a year ago. The REIT also renewed 121,000 square feet of retail space during the quarter at rental rates 11.3% higher than the expiring rates, reflecting healthy demand for its properties.

Besides these encouraging financial trends, Crombie continues to invest in long-term growth. During the quarter, it substantially completed its 291-unit Marlstone residential rental project in Halifax, welcomed its first residents, and invested $10.6 million in property modernizations. It also acquired a retail property in Surrey for $12.7 million.

With strong occupancy, growing commercial property income, and continued investments in expanding its portfolio, Crombie could be an attractive monthly income stock to hold for years to come.

How could $10,000 pay about $47 a month?

The income calculation is straightforward. At an annualized yield of 5.7%, a $10,000 investment would generate about $570 a year in distributions. Spread over 12 months, that’s about $47 a month.

You could use those payments for everyday expenses or reinvest them to buy more units. Over time, reinvesting could help increase your holdings, although unit prices and future distributions can change.

Is this monthly dividend stock a buy now?

You should remember that Crombie isn’t an income guarantee. Still, its grocery-focused portfolio, exposure to other property types, and monthly distributions make it an appealing TSX stock for investors seeking recurring passive income and potential long-term growth.

The post A 5.7% Monthly Payer: How $10,000 Could Generate About $47 a Month appeared first on The Motley Fool Canada.

More reading

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Fool contributor Jitendra Parashar has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

While traversing the Toronto Stock Exchange’s listings for potentially overlooked Canadian dividend stocks, I’ve just stumbled upon what could be a hidden monthly payer worth watching.

Small-cap dividend stocks rarely make it onto most Canadian dividend investors’ screens because their lower liquidity and smaller size often make them appear too risky for passive income investment purposes. Yet, Richards Group (TSX: RIC) stock popped up on my radar recently, quietly offering a 4.6% annualized dividend yield that’s paid monthly like an ATM dispensing cash month in and month out.

The Richards Group is far from a flashy newcomer. Established in 1912, the former income fund is a battle-tested business model that has survived depressions and market downturns for more than a century. The company has paid its monthly dividend continuously without missing a single payout since March 2010, the oldest TSX market data freely available. However, income investors face a glaring first question when looking at the stock chart: why has the stock price fallen unabated from its peak of around $84 in October 2020 to roughly $28.90 today, shrinking RIC stock’s market capitalization to around $307 million?

Why did monthly dividend stock Richards Group fall from pandemic highs?

If you check out Richards Group’s five-year stock chart, you might do a double take. Shares peaked around $84 back in October 2020 and have tumbled down to roughly $28.90 today. So, what caused the slide? During the pandemic, demand for healthcare packaging and personal protective equipment exploded, sending company earnings through the roof. As the world reopened, an inventory destocking cycle and macroeconomic drag hit its legacy packaging lines.

Fast forward to 2026, the Richards Group has widely diversified into high margin healthcare lines through acquisitions. Margins are improving, but the legacy food, beverage, and cosmetics packaging sales still dropped over 14% in the first half of the year due to cyclical macro headwinds.

Overall, revenue growth has returned, somewhat organically but mostly through acquisitions.

A century-old business pivoting on high-margin healthcare

The broader market seems to be completely missing RIC stock’s pivot. Founded in 1912, Richards Group has survived the Great Depression, the 2008–09 Global Financial Crisis, and dozens of economic cycles by quietly evolving. Formerly known as Richards Packaging Income Fund, the business aggressively diversified into healthcare supplies, which has now grown into its largest segment. Its high-margin Aesthetics division grew sales 49.8% year over year during the first half of this year, while international sales outside Canada and the U.S. expanded to 9% of total revenue.

Richards Group operates mostly as an asset-light designer and distributor rather than a manufacturer, avoiding costly factory overheads. It recently expanded its scope to become a healthcare original equipment manufacturer in aesthetics, a growth strategy that may accelerate expansion into markets beyond North America.

Is the monthly dividend stock safe for income investors?

This is a big question. Whenever a dividend yield rises due to a stock price decline, you have to ask if the payout is actually sustainable, and if the stock won’t keep sliding to erode the gains from the earned dividend.

In Richards Group’s case, the dividend appears adequately covered by profits, with an earnings payout rate of 54%. Only half of the business’s generated profits are shared with investors. Further, free cash flow generation remains very strong. Free cash flow momentum increased recently thanks to tariff refunds easing margin pressures. The dry powder should help sustain an acquisitions growth strategy and to pay down debt in the future.

Management is so confident in the business’s future cash flow that it spent cash repurchasing over 770,000 shares at an average price of $28.50 during the second quarter. Stock repurchases usually support management’s opinion that equity in the business is grossly undervalued on the stock market.

Time to buy?

Trading at a forward P/E of just 8.6 and a forward price-earnings-to-growth (PEG) ratio of 0.8, Richards Group stock appears priced like a dying packaging supplier rather than an increasingly thriving healthcare distributor. Investors looking to bet on a successful turnaround and to earn a monthly paycheque while waiting may scoop up this bargain-priced monthly dividend stock before the market catches on.

The post I Found a Dividend Stock That Pays 4.6% Monthly Like an ATM appeared first on The Motley Fool Canada.

More reading

• How a $25,000 TFSA Could Fund Your Retirement
• 3 of the Best Canadian Stocks to Buy Right Now
• TFSA Strategy: How to Earn $500 a Month in Tax-Free Dividend Income
• Canadian Natural Resources vs. Enbridge: The Better Dividend Stock to Buy Today
• Loblaw vs. Empire: Which Grocery Stock Would I Choose for Long-Term Growth?

Fool contributor Brian Paradza has no position in any of the stocks mentioned. The Motley Fool recommends Richards Group. The Motley Fool has a disclosure policy.

When you’re investing hard-earned savings in dividend stocks, you shouldn’t give up on the possibility of earning capital gains just because your main goal is to generate regular income. I think the most interesting dividend investments are often those that offer a reasonable payout while the underlying business continues to grow.

In this article, I’ll highlight a TSX monthly dividend stock that could turn a $10,000 investment into approximately $23 in monthly passive income. While that may not seem like a huge amount at first, I believe the bigger opportunity lies in what that investment could become over time as its share price appreciates.

Mullen Group stock

One Canadian stock worth considering for monthly passive income right now is Mullen Group (TSX: MTL). Headquartered in Okotoks, this logistics giant provides transportation, warehousing, freight management, and specialized industrial services across North America.

MTL stock has been on an impressive run, skyrocketing by nearly 106% over the last year. Its shares currently trade at $29.50 apiece, giving the company a market cap of $2.8 billion. Besides its strong share price performance, MTL also offers a 2.8% annualized dividend yield, with payouts distributed every month.

Interestingly, the stock’s recent rally has come alongside significant improvements in Mullen’s underlying business. Stronger demand for its services, improving operating efficiency, and contributions from acquisitions have helped the company deliver record financial results.

Record earnings support the rally

For investors seeking monthly dividend income, Mullen Group’s improving financial performance makes it even more attractive. In the third quarter of 2026, Mullen’s revenue surged 16.3% year-over-year (YoY) to a record $653.2 million. Of this increase, $44.3 million came from internal business growth, while higher fuel surcharge revenue added $37.7 million. Acquisitions contributed another $9.4 million.

At the same time, revenue from the company’s specialized and industrial services segment jumped 24.7% YoY amid greater demand for pipeline transportation, water management, and drilling-related services. Meanwhile, its U.S. and international logistics segment posted an even stronger 30.4% YoY revenue jump as freight market conditions improved.

Better yet, Mullen’s adjusted operating income before depreciation and amortization climbed 23% YoY last quarter, backed by stronger operating margins and growth across its business segments.

More opportunities for long-term growth

Beyond its impressive earnings, Mullen’s financial strength and expansion plans could help support its monthly dividend payouts in the years ahead.

The company ended September with $213.9 million in cash and $525 million in unused bank credit facilities, giving it considerable flexibility to pursue new growth opportunities.

In fact, Mullen Group recently announced its acquisition of Willson International as part of its ongoing expansion strategy. The company also sees opportunities from potential large-scale infrastructure projects across Canada, which could create additional demand for its transportation and logistics services.

These growth initiatives, coupled with improving profitability, make Mullen Group an attractive Canadian stock for investors seeking both regular income and long-term growth potential.

How much monthly dividend income could you earn?

With Mullen Group continuing to strengthen its business, let’s see how its monthly dividend payments could translate into passive income for your portfolio.

At its current annualized dividend yield of 2.8%, a $10,000 investment in MTL stock could generate about $280 in annual dividends. That works out to about $23 per month.

While this monthly income might look modest initially, reinvesting your dividends could help you buy additional shares and gradually build a larger income stream over time.

The foolish bottom line

Given its impressive earnings growth, solid financial position, and expanding business opportunities, I believe Mullen Group could be an attractive stock to buy right now. Its monthly dividend payments add another reason for income-focused investors to consider holding MTL stock for the long term.

The post A 2.8% Monthly Dividend Stock: $10,000 Would Pay About $23 a Month appeared first on The Motley Fool Canada.

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Fool contributor Jitendra Parashar has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Mullen Group. The Motley Fool has a disclosure policy.

Every time you walk into a busy shopping centre, you probably don’t think much about the rent that stores pay to operate there. But for Tax-Free Savings Account (TFSA) investors, those rental payments could become a reliable source of regular passive income.

That’s what makes real estate investment trusts (REITs) interesting for retirees. These real estate businesses could allow you to benefit from income-generating properties without the hassle of owning or managing real estate yourself. In fact, holding the right REIT in a TFSA could help you enjoy monthly distributions without paying Canadian taxes on them.

In this article, I’ll highlight one such TSX stock offering a generous 6.8% annualized yield that could make retirement income planning easier.

SmartCentres REIT stock

If you’re hoping to turn your TFSA into a source of monthly retirement paycheques, SmartCentres Real Estate Investment Trust (TSX: SRU.UN) could be worth a closer look. This Vaughan-based REIT owns and manages retail properties across Canada, along with residential, office, industrial, and self-storage assets.

SmartCentres stock currently trades at $27.14 per share with a market cap of $3.9 billion. Although its shares have gained 5% year-to-date, the stock has slipped 4% over the last six months. At its current market price, it offers an attractive 6.8% annualized distribution yield, with payments made every month instead of every quarter.

The underlying financial strength

For retirees, that monthly income is certainly appealing. But an attractive yield means much more when the underlying business also continues to perform well. And SmartCentres won’t disappoint you on that front.

In the second quarter, the REIT’s same-property net operating income (NOI) climbed 2.6% year-over-year (YoY), supported by stronger rental income from new leases and renewals. Excluding anchor tenants, the growth was even more impressive at 4.4%.

SmartCentres registered a 0.5 percentage point sequential improvement in its occupancy rate in the latest quarter to 98.1%. It also renewed 86% of its leases scheduled to expire in 2026, achieving an impressive 12% rent increase excluding anchor tenants. These trends suggest that demand for its retail properties remains healthy.

Meanwhile, SmartCentres reported funds from operations (FFO) of $0.58 per diluted unit, unchanged from a year ago. At the same time, its adjusted funds from operations (AFFO), which accounts for certain property-related expenses, declined from $0.54 to $0.52 per diluted unit.

Nonetheless, the REIT’s AFFO payout ratio of 86.7% suggests that its distributions remained covered by this cash flow measure during the quarter. Its adjusted payout ratio of 94.9%, however, indicates a relatively limited cushion for unexpected challenges.

Focus on long-term growth

Beyond its existing properties, SmartCentres is also working on several projects that could support its rental income growth in the years to come. The REIT recently partially opened two self-storage facilities in Quebec, while additional locations are being developed in British Columbia and Alberta.

It’s also constructing a flagship Canadian Tire store in Toronto, with delivery expected in the fourth quarter of 2026. On top of that, its ongoing residential developments in Vaughan could help diversify its income sources over time.

SmartCentres’ high occupancy, improving rental rates, and expanding property portfolio make it an appealing TFSA stock for retirees seeking monthly passive income. While its debt levels and payout coverage deserve attention, its 6.8% yield could help investors generate regular retirement income without selling their units.

The post A Tailor-Made TFSA Stock for Retirees: A 6.8% Yield With Monthly Paycheques appeared first on The Motley Fool Canada.

More reading

• Monthly Dividend Stocks: 3 TSX Picks That Pay Every 30 Days
• 5 Top Canadian Stocks to Buy and Hold With $1,000
• 2 TSX Dividend Stocks to Consider Now for Steady Passive Income
• A Perfect TFSA Stock: A 6.7% Payout Each Month
• Here Are the Highest-Yielding Dividend Stocks in Canada for November

Fool contributor Jitendra Parashar has no position in any of the stocks mentioned. The Motley Fool recommends SmartCentres Real Estate Investment Trust. The Motley Fool has a disclosure policy.