Dividend Stock Yields 9%, Pays Monthly, Big Acquisition Growth, Below Book Value

Last week, we wrote an article on a high dividend stock, SIR Royalty Fund, (SIRVF), which has been a dependable dividend payer for years. Due to the overwhelming response to that article, we went hunting in the monthly dividends jungle again, to see if we could bag another prize. Oddly enough, we found another monthly payer. This stock yields more than 9%, with a well-covered dividend, and is now selling below Book Value. It has steadily paid monthly dividends since 2007, with a five-year annualized growth rate of nearly 8%. It recently closed a major acquisition which will give it 34% market share, and more than double its revenue, EBITDA and free cash flow.

Corus Entertainment, (OTCPK:CJREF), pays out the exact same monthly dividend, with the same currency exchange characteristics - it's also a Canadian company. However, Corus has a higher dividend yield than SIRVF - it's now over 9%. Corus is a media and content company, which was founded in 1999 by JR Shaw of Shaw Communications (NYSE:SJR). On 4/1/16, Corus acquired Shaw's portfolio of TV brands, in a $2.6B deal. Like any foreign shares, you'll have some currency exchange risk in addition to some diversification from US-based assets.

Source: Seeking Alpha

Related Articles:
- 7 Dividend Stocks With A Low Payout Ratio
- 5 Dividend Stocks Beating the S&P With Positive Returns In Excess of 50% YTD
- Income Annuities vs. Dividend Stocks
- 8 Select High-Yield S&P 500 Dividend Stocks
- Your Greatest Wealth Building Asset