Monthly High-Dividend Stock Yields 9%, With Qualified Dividends And Major Growth

Back in the "pre-cable" days, there was the simple "Boob Tube," with its three major networks and two to three syndicated networks. The TV industry has grown much more complex in the past few decades, with networks owning cable and web content, video on demand, and Silicon Valley tech firms competing with original content. This stock yields 9.18%, with a 54.80% dividend payout ratio. Free cash flow grew 55%, net income grew 68%, and revenue grew 43% in the past four quarters due to a mega-deal which transformed the company. Management has declared dividends, dates of record, and pay dates for all three months of Q4 2017. These are qualified dividends - no K-1 at tax time.

Corus Entertainment (OTCPK:CJREF) has now a major presence in the Canadian broadcasting industry - it now owns 45 specialty television channels and 15 conventional television stations, with premium brands, including Global Television, W Network, OWN: Oprah Winfrey Network Canada, HGTV Canada, Food Network Canada, History, Showcase, National Geographic, Disney Channel Canada, YTV, and Nickelodeon Canada. Corus also owns 39 radio stations that represent the most listened to stations in the Canada, located in eight out of the 10 top markets. The company's portfolio includes a network of leading news-talk radio stations, as well as classic rock, country, new rock, and contemporary music formats.

Source: Seeking Alpha

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