Hop Aboard This Monthly Dividend Stock For An 8% Yield And Strong Growth

In spite of all those SUVs you see lined up around the block before and after school each day, the majority of kids still do what we did, back in the day - schlep to the bus stop and ride the bus to school. Chances are you've blotted out your memories of those daily school bus trips or how about those grand times in mid-February, freezing your buns off, while waiting for the bus to arrive? Ah, the good old days... This stock yields over 8% and pays in US dollars. It has long-term contracts with a 95% renewal rate over the past 18 years. It's the largest independent provider in its industry.

Founded in 1997, Student Transportation Inc. is North America's largest independent provider of student transportation solutions, operating more than 13,000 vehicles. STB focuses on rural and suburban areas, and has over 300 contracts that average 3-8 years, renewable. The company's contract renewal rate is over 95%, over an 18-year period, so they must be doing something right. They operate in many US states, and in certain Canadian provinces, with 90% of revenues in the US and 10% in Canada:

Source: Seeking Alpha

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