monthly dividend

STUDENT TRANSPORTATION $7.33 (Toronto symbol STB; Shares outstanding: 91.9 million; Market cap: $673.6 million; Dividend yield: 8.1%; www.ridestbus.com) is North America’s third-largest school bus operator, with almost 13,500 vehicles in Canada and the U.S.


The company pays a monthly dividend of $0.0367 U.S....

Dear client: We have lots of attractive long-term buys among the stocks we cover, and we’re positive on the long-term outlook for dividends. We feel just as strongly about the need to diversify.

That’s why we’ve chosen three top picks for 2017 from our Dividend Advisor recommendations....

A: Medical Facilities Corp., $17.52, symbol DR on Toronto (Shares outstanding: 31.0 million; Market cap: $552.0 million, www.medicalfacilitiescorp.ca), owns majority interest in five specialty surgical hospitals in South Dakota, Indiana, Oklahoma and Arkansas, as well as an outpatient surgery clinic in California.


The specialty hospitals perform scheduled surgical, imaging and diagnostic procedures....

EXCHANGE INCOME CORP. $42.36 (Toronto symbol EIF; Shares o/s: 28.6 million; Market cap: $1.2 billion; Dividend yield: 5.0%; www.exchangeincomecorp.ca) operates in aviation and manufacturing.


The aviation business (80% of its revenue) serves communities in Manitoba, Ontario and Nunavut through regional airlines.


The manufacturing business (20% of revenue) includes WesTower Communications Canada (a maker and installer of wireless communication towers), Water Blast Manufacturing and Stainless Fabrication.


Exchange Income’s sales and profits continue to rise, and its monthly dividend of $0.175 offers investors a high 5.0% yield.


However, the company prefers to expand through acquisitions....

A: Freehold Royalties Ltd., $12.18, symbol FRU on Toronto (Shares outstanding: 117.8 million; Market cap: $1.4 billion; www.freeholdroyalties.com), holds the oil and natural gas rights on 6.2 million acres of land in Alberta, Saskatchewan, British Columbia, Manitoba and Ontario.


These reserves consist of natural gas (39% of the total), light crude oil (36%), heavy crude oil (19%) and natural gas liquids (6%).


Freehold collects royalties from oil and gas producers that operate over 42,000 wells on its land....

ENERPLUS CORP. $9.05 (Toronto symbol ERF; Shares outstanding: 240.5 million; Market cap: $2.3 billion; TSINetwork Rating: Speculative; Dividend yield: 1.3%) produces oil and gas from properties in Western Canada—Alberta, Saskatchewan and B.C.—as well as North Dakota and Montana in the western U.S....

A: Chorus Aviation, $6.08, symbol CHR on Toronto (Shares outstanding: 122.2 million; Market cap: $739.5 million; www.chorusaviation.ca), formerly known as Jazz Air Income Fund, is Air Canada’s main affiliated regional airline.



Chorus Aviation owns Jazz Air, Canada’s largest regional airline and the country’s overall second-biggest carrier based on fleet size and the number of routes....

A: Student Transportation Inc., $7.82 symbol STB on Toronto (Shares outstanding: 91.9 million; Market cap: $716.9 million; www.ridesta.com), is North America’s third-largest school bus operator, with almost 13,500 vehicles in Canada and the U.S.



In its fiscal year ended June 30, 2016, revenue rose 8.2%, to $600.2 million from $554.8 million a year earlier (all figures except share price and market cap in U.S....

A: Inter Pipeline Ltd., $27.30, symbol IPL on Toronto (Shares outstanding: 359.4 million; Market cap: $9.2 billion; www.interpipeline.com), transports, stores, markets and processes oil and natural gas.

On September 1, 2013, Inter Pipeline changed from a limited partnership to a conventional corporation....

PEMBINA PIPELINE $39.46 (Toronto symbol PPL; Shares outstanding: 389.5 million; Market cap: $15.5 billion; TSINetwork Rating: Average; Dividend yield: 4.4%; www.pembina.com) owns pipelines that carry almost all of B.C.’s oil and half of Alberta’s conventional oil....