Tasty, Low-Profile, High Dividend Stock Pays Monthly, Yields 8%

Looking for under-the-radar high dividend stocks? How about ones that pay monthly, so you can smooth out your cash flow? This high dividend stock yields 8.14% and gets very little coverage in the financial press. It has paid monthly dividends steadily for 12 years. It has a low beta of .65, and has outperformed the market over the past quarter, year, and year to date.

SIR Royalty Income Fund (OTC:SIRZF) is a publicly-traded trust based in Ontario, Canada. The fund is listed on the Toronto Stock Exchange under the symbol SRV.UN, (SRV.UN.TO on Yahoo), and in the US on the OTC market. It pays monthly distributions based upon: 1. A 6% royalty income stream from a pool of restaurants owned by SIR Corp. 2. Interest from its loan to SIR Corp. ("SIR" stands for service inspired restaurants. All $ listed in this article is in Canadian $, unless otherwise noted). The "F" on the end of SIRZF's code indicates that it is a fungible stock, which means investors can either trade it in the US or on its foreign exchange.

Source: Seeking Alpha

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