Stocks That Pay Monthly Dividends

The Problem with Quarterly Dividends  

When dividends are paid quarterly, retirees need to put in a lot more work in organizing a dividend calendar to make sure they have at least a portion of their holdings paying dividends each month. Otherwise, you may get paid in say, January and February but not in March and then again April. Even if you are able to match up the months, it is difficult to get the amounts to be the same every month, so you will likely end up with inconsistent amounts each month. Many investors may also overlook the fact that if they trim down a particular holding they will also trim down their dividend payment of that holding, which complicates the management of income streams even further. 

Benefits of Monthly Dividends 

Owning a set of stocks that pay you a relatively fixed amount each month is a lot simpler and easier on budgeting because most expenses are billed monthly (except some like property taxes). This does not mean that income investors should only own stocks that pay monthly dividends, however. One strategy could simply be to own enough in monthly dividend stocks to cover a certain portion of your expenses while owning other dividend-paying stocks that provide you with ‘quarterly bonuses’.

Another benefit to monthly dividends is that cash is more readily available to take advantage of opportunities that come up on a monthly basis rather than having to wait every quarter for new cash to come from your investments. This also helps with any investor’s dollar cost averaging strategy by taking monthly distributions and automatically reinvesting them in quality companies, if applicable. 

Why would a company pay dividends monthly versus quarterly?

Companies pay dividends at whatever frequency they see fit to their overall business, cash flows and investor needs. The more income-oriented a company is, the more likely it is to pay a monthly dividend.  A company that receives consistent and more frequent revenue shoulb be better able to sustain a monthly dividend. In fact, a significant portion of the companies on this monthly dividend list are REITs and this makes sense when considering that REITs usually earn rental income from their tenants on a monthly basis. This naturally translates over to shareholders who desire a monthly income stream.

Things to Watch Out For 

High Yield

High yield can mean higher risk. That juicy double-digit or high single-digit yield has misled many investors in the past and high-yields are quite common among monthly dividend companies since their distributions tend to be catered more toward income investors. A high dividend yield does not mean it will offset the drops in share price. Take Life & Banc Split Corp (LBS.TO) from this list for example, which shows a 5-year average dividend yield of 13.4% and an annualized 5-year total return of -8.2%. Or even Timbercreek Financial Corp (TF.TO) showing with 7.5% and -9.0% respectively. These are more extreme examples, but about 29% of companies on this list with an average yield over 5% have negative total returns over a 5-year period and a whopping 88% of those have total returns that are less than the average 5-year yield.

Higher Payout Ratios

When it comes to evaluating whether or not a dividend is likely to be sustainable, we like to look at payout ratios. A higher payout can mean a company’s cash flows are being squeezed in order to satisfy investors, and this can potentially backfire on investors through dividend cuts or worse, eliminating the dividend altogether. This is not only a risk of income reduction but the stock price (and your capital invested in the stock) will most likely take hit from a dividend cut. We consider a payout ratio of 75% or less to be considered healthy and when looking at this list that is about 65% of companies on this list. Companies with a high dividend payout ratio are not 'bad', they just require a bit more due diligence in our view.

Debt Levels

Debt is also important when looking at dividend sustainability because a company with high debt means more cash has to be allocated to interest and principal payments and potentially less to dividends. Debt is also linked to the previous point on payout ratios because a higher portion of earnings that is paid out to shareholders means fewer earnings retained for growth and reinvestment into the company. 

List of Monthly Dividend Payers 

List of dividend payers consisted of 196 ETFs and 166 companies out of 362 securities* 

Among the companies listed, many are REITs that are on our coverage list at 5i Research including H&R Real Estate Investment Trust (HR_u.TO) and InterRent Real Estate Investment Trust (IIP_u.TO). This list also has non-real estate companies that we cover at 5i Research including Cineplex (CGX.TO), Savaria Corp (SIS.TO), Badger Daylighting Ltd (BAD.TO) Boyd Group Income Fund (BYD_u.TO), Parkland Fuel (PKI.TO) and Chartwell Retirement Residences (CSH_u.TO). You can view the full list of companies below or click here for full excel sheet download:

*Data on the tables are from screens we have conducted so some figures may be slightly off or may have changed to date. 

Ticker Company Name Market Cap Dividend Yield Dividend Yield 5 YR Avg

Total Return      (5 year Annualized -%)

Total Debt to Total Equity (%) Dividend Payout Ratio Country of Exchange
PPL.TO Pembina Pipeline Corp 18,434,088,274.52 5.0% 4.8% 2.8% 52.5% 101.06 Canada
SJRb.TO Shaw Communications Inc 10,577,299,734.36 4.3% 4.4% 0.8% 72.9% 136.91 Canada
IPL.TO Inter Pipeline Ltd 6,275,564,135.37 8.3% 6.1% 3.7% 142.7% 120.96 Canada
REI_u.TO RioCan Real Estate Investment Trust 6,052,709,828.57 5.4% 5.5% 2.5% 76.9% 76.23 Canada
CAR_u.TO Canadian Apartment Properties Real Estate Investment Trust 5,858,197,122.28 2.8% 3.9% 2.2% 68.0% 14.76 Canada
KEY.TO Keyera Corp 5,101,779,566.72 5.6% 4.2% 0.2% 85.5% 108.23 Canada
HR_u.TO H&R Real Estate Investment Trust 4,874,515,318.10 6.0% 6.3% 12.3% 90.9% 143.70 Canada
PKI.TO Parkland Fuel Corp 4,660,273,977.03 2.8% 4.4% 2.9% 125.7% 60.95 Canada
ALA.TO AltaGas Ltd 3,965,778,799.11 5.0% 6.5% 6.7% 144.8% 258.79 Canada
AP_u.TO Allied Properties Real Estate Investment Trust 3,956,488,392.72 3.3% 3.9% 6.6% 48.3% 26.38 Canada
SRU_u.TO SmartCentres Real Estate Investment Trust 3,500,014,499.02 5.5% 5.5% 1.8% 99.3% 91.05 Canada
NPI.TO Northland Power Inc 3,357,859,207.93 4.8% 5.4% 3.0% 697.5% 71.52 Canada
VET.TO Vermilion Energy Inc 3,205,635,048.26 9.8% 5.9% 8.0% 68.5% 103.69 Canada
CHP_u.TO Choice Properties Real Estate Investment Trust 3,144,119,837.03 5.4% 5.7% 8.2% 205.5% -52.95 Canada
PSK.TO Prairiesky Royalty Ltd 3,106,860,268.71 4.4% 3.5% 5.7% 0.2% 211.38 Canada
RNW.TO TransAlta Renewables Inc 2,677,132,520.13 6.9% 7.0% 12.3% 39.6% 100.37 Canada
BYD_u.TO Boyd Group Income Fund 2,499,627,009.10 0.3% 0.7% 3.5% 51.9% 13.08 Canada
CSH_u.TO Chartwell Retirement Residences 2,348,219,980.11 4.1% 4.1% 1.0% 231.4% 681.52 Canada
GRT_u.TO Granite Real Estate Investment Trust 2,231,427,844.16 4.6% 5.5% 2.4% 48.0% 26.48 Canada
DRG_u.TO Dream Global REIT 1,939,321,212.53 6.0% 7.7% 4.5% 80.5% 21.28 Canada
ARX.TO ARC Resources Ltd 1,886,638,545.71 8.4% 4.5% -1.1% 24.7% 210.13 Canada
CUF_u.TO Cominar REIT 1,676,109,578.03 5.8% 8.2% 7.4% 128.5% -70.46 Canada
ERF.TO Enerplus Corp 1,672,994,461.38 1.3% 3.0% 31.0% 34.8% 8.03 Canada
SPB.TO Superior Plus Corp 1,591,998,646.88 5.9% 6.0% -0.5% 170.2% 151.67 Canada
MSI.TO Morneau Shepell Inc 1,454,943,450.59 2.6% 4.0% 2.2% 77.4% 286.45 Canada
BEI_u.TO Boardwalk Real Estate Investment Trust 1,408,123,675.05 2.4% 3.6% 3.5% 87.0% 39.74 Canada
FN.TO First National Financial Corp 1,361,026,348.61 6.2% 6.7% -6.0% 6,632.6% 73.77 Canada
KMP_u.TO Killam Apartment REIT 1,319,416,102.76 3.4% 4.9% 5.9% 126.0% 38.96 Canada
WCP.TO Whitecap Resources Inc 1,315,378,699.01 8.0% 4.6% -0.6% 38.9% 611.03 Canada
BAD.TO Badger Daylighting Ltd 1,295,051,889.04 1.2% 1.5% -8.2% 27.9% 29.97 Canada
AX_u.TO Artis Real Estate Investment Trust 1,258,188,759.99 4.6% 7.7% 4.1% 104.3% 122.27 Canada
NVU_u.TO Northview Apartment REIT 1,126,559,136.19 6.1% 7.1% 2.6% 135.6% 40.76 Canada
IIP_u.TO InterRent Real Estate Investment Trust 1,125,351,411.29 2.0% 3.0% 1.3% 70.8% 14.70 Canada
CGX.TO Cineplex Inc 1,124,811,906.62 7.6% 4.1% 7.8% 87.4% 201.96 Canada
NWH_u.TO NorthWest Healthcare Properties REIT 1,047,163,908.41 6.7% 8.0% 6.8% 314.3% 1,454.56 Canada
D_u.TO Dream Office Real Estate Investment Trust 1,039,363,268.16 4.2% 7.1% 8.3% 94.0% 49.45 Canada
DIR_u.TO Dream Industrial Real Estate Investment Trust 1,036,598,698.57 6.0% 7.9% 20.0% 94.8% 72.61 Canada
CRT_u.TO CT Real Estate Investment Trust 1,017,144,597.67 5.4% 5.2% 7.3% 197.0% 60.97 Canada
CRR_u.TO Crombie Real Estate Investment Trust 1,005,167,965.64 5.9% 6.5% 8.0% 171.8% 103.58 Canada
SMU_u.TO Summit Industrial Income REIT 998,022,170.06 4.3% 7.3% 19.3% 97.0% 24.79 Canada
EIT_u.TO Canoe EIT Income Fund 964,584,291.68 10.9% 10.4% -1.5% 9.3% -173.22 Canada
SIA.TO Sienna Senior Living Inc 933,043,529.97 4.9% 5.7% 7.7% 179.0% 629.48 Canada
CHR.TO Chorus Aviation Inc 892,581,636.12 6.4% 7.5% 6.6% 340.2% 71.11 Canada
EIF.TO Exchange Income Corp 882,393,064.98 6.0% 6.9% 9.4% 159.0% 98.62 Canada
SES.TO Secure Energy Services Inc 822,112,993.90 4.0% 2.6% 5.3% 50.7% 291.70 Canada
MTL.TO Mullen Group Ltd 779,231,271.11 6.0% 4.3% 0.1% 57.0% -205.50 Canada
WIRu.TO WPT Industrial Real Estate Investment Trust 773,848,736.52 5.6% 6.3% -32.6% 90.8% 69.27 Canada
AFN.TO Ag Growth International Inc 728,970,856.34 4.6% 5.1% 3.5% 128.2% 112.09 Canada
FRU.TO Freehold Royalties Ltd 713,642,968.51 7.8% 5.8% 10.5% 11.6% 2,498.54 Canada
TOG.TO TORC Oil & Gas Ltd 641,082,758.76 7.6% 4.9% -3.1% 22.4% 267.58 Canada
CHE_u.TO Chemtrade Logistics Income Fund 625,499,414.23 13.2% 7.2% 7.5% 125.0% -67.35 Canada
PLC.TO Park Lawn Corp 620,461,521.91 1.6% 2.9% 64.0% 24.1% 128.32 Canada
TF.TO Timbercreek Financial Corp 573,468,424.08 7.4% 7.5% -9.0% 169.9% 101.96 Canada
MRT_u.TO Morguard Real Estate Investment Trust 552,170,972.11 7.9% 6.6% -19.6% 85.0% 80.35 Canada
EXE.TO Extendicare Inc 542,517,245.75 5.9% 5.8% 19.2% 419.8% 689.11 Canada
PEY.TO Peyto Exploration & Development Corp 531,059,078.44 5.6% 5.0% 9.6% 69.6% 105.22 Canada
RUF_u.TO Pure Multi-Family REIT LP 503,491,429.17 5.8% 5.8% 6.8% 117.0% 56.06 Canada
AD.TO Alaris Royalty Corp 500,966,229.70 9.0% 7.0% 12.2% 35.9% 78.92 Canada
SIS.TO Savaria Corp 478,450,813.99 3.3% 2.7% 33.0% 51.1% 96.76 Canada
MRG_u.TO Morguard North American Residential Real Estate Investment Trust 448,952,787.06 3.8% 4.9% 3.3% 169.2% 35.28 Canada
CEU.TO CES Energy Solutions Corp 432,889,642.90 2.8% 2.2% 2.4% 70.1% 34.82 Canada
AW_u.TO A and W Revenue Royalties Income Fund 407,623,250.49 4.2% 4.9% 6.0% 54.8%   Canada
HOMu.TO BSR Real Estate Investment Trust 406,612,234.24 4.9% 5.6% 2.3%     Canada
DRA_u.TO Dream Hard Asset Alternatives Trust 400,804,180.21 5.4% 6.4% -2.1%     Canada
AI.TO Atrium Mortgage Investment Corp 394,489,613.36 6.7% 7.1% 3.7% 78.8% 94.29 Canada
HOT_u.TO American Hotel Income Properties REIT LP 389,664,746.38 13.1% 9.1% -0.2% 156.1% 1,486.89 Canada
SRT_u.TO Slate Retail REIT 382,667,789.20 9.3% 7.7% 10.2% 199.1% -156.20 Canada
IVQu.TO Invesque Inc 379,748,426.74 10.4% 8.6% 3.4% 148.2% -644.85 Canada
MI_u.TO Minto Apartment Real Estate Investment Trust 367,962,536.97 2.1% 2.2% 0.4%     Canada
RPI_u.TO Richards Packaging Income Fund 333,006,236.95 3.2% 4.8% 0.1% 25.1% 64.10 Canada
PLZ_u.TO Plaza Retail REIT 322,960,319.09 6.6% 6.0% 1.6% 130.7% 92.07 Canada
DFN.TO Dividend 15 Split Corp 321,310,803.22 13.9% 11.5% 0.7% 136.9% -106.73 Canada
PGI_u.TO PIMCO Global Income Opportunities Fund 319,117,097.89 6.5% 7.2% 2.1% 57.4% 265.88 Canada
SOT_u.TO Slate Office REIT 304,762,647.22 6.8% 10.0% -3.8% 192.3% 69.85 Canada
KBL.TO K-Bro Linen Inc 303,523,361.77 3.1% 2.9% 3.7% 35.3% 207.44 Canada
SGY.TO Surge Energy Inc 301,993,921.66 7.8% 6.2% -2.8% 53.5% -39.73 Canada
DR.TO Medical Facilities Corp 283,664,706.42 9.2% 6.9% 10.2% 74.4% 577.35 Canada
FC.TO Firm Capital Mortgage Investment Corp 283,315,245.68 6.9% 7.2% 1.4% 79.5%   Canada
BPF_u.TO Boston Pizza Royalties Income Fund 279,088,702.91 8.0% 6.8% -17.3% 32.4%   Canada
TNT_u.TO True North Commercial REIT 277,508,894.07 9.2% 9.7% -1.2% 146.2% 105.05 Canada
DIV.TO Diversified Royalty Corp 250,593,750.78 7.2% 7.9% -9.3% 60.6% 237.96 Canada
FTN.TO Financial 15 Split Corp 229,204,192.42 21.2% 15.8% 9.4% 169.5% -121.34 Canada
CJ.TO Cardinal Energy Ltd (Alberta) 209,970,560.12 5.0% 6.6% 1.4% 32.8% 67.84 Canada
BTB_u.TO BTB Real Estate Investment Trust 193,954,881.42 9.0% 9.1% 2.5% 179.3% 55.08 Canada
PZA.TO Pizza Pizza Royalty Corp 180,250,976.32 8.7% 6.2% -1.4% 16.5% 101.53 Canada
BDT.TO Bird Construction Inc 177,206,388.51 7.0% 5.6% 4.9% 22.0% -1,456.76 Canada
APR_u.TO Automotive Properties Real Estate Investment Trust 174,990,988.80 7.5% 7.9% -0.2% 165.1% 376.32 Canada
GH.TO Gamehost Inc 174,896,594.24 7.2% 7.0% 5.6% 36.7%   Canada
INO_u.TO Inovalis Real Estate Investment Trust 173,552,204.91 8.4% 8.5% 2.0% 94.6% 98.56 Canada
RIB_u.TO Ridgewood Canadian Investment Grade Bond Fund 166,700,168.57 4.0% 4.4% -17.4% 53.8% 212.84 Canada
LBS.TO Life & Banc Split Corp 154,879,602.88 15.8% 13.4% -8.2%     Canada
PRV_u.TO PRO Real Estate Investment Trust 154,180,515.56 8.8% 9.9% 10.7% 162.7%   Canada
NXR_u.V Nexus Real Estate Investment Trust 152,395,583.55 8.0% 8.5% 4.5% 130.1%   Canada
KEG_u.TO Keg Royalties Income Fund 146,193,666.12 6.6% 5.8% -3.1% 140.1%   Canada
DGS.TO Dividend Growth Split Corp 139,025,193.96 23.7% 14.8% 9.3%     Canada
FAP.TO Aberdeen Asia-Pacific Income Investment Company Ltd 137,169,276.59 10.8% 9.5% 3.7% 43.1% -70.19 Canada
BNE.TO Bonterra Energy Corp 132,688,847.81 2.3% 6.2% -2.2% 66.3% 486.61 Canada
CHW.TO Chesswood Group Ltd 122,650,689.52 8.3% 7.1% -18.9% 401.6% 64.28 Canada
FCD_u.V Firm Capital Property Trust 121,356,364.75 7.7% 7.3% -0.8% 74.3%   Canada
HWO.TO High Arctic Energy Services Inc 119,719,247.64 6.2% 4.9% 9.1% 0.3% 164.89 Canada
BRE.TO Bridgemarq Real Estate Services Inc 110,916,423.45 8.6% 8.4% 8.8%   135.21 Canada
MTA.V Metalla Royalty & Streaming Ltd 108,893,326.89 1.1% 2.0% -41.7% 57.9% -68.82 Canada
PBY_u.TO Canso Credit Income Fund 108,579,732.75 4.5% 4.4% 14.2% 47.9% -117.82 Canada
STUSa.V Starlight US Multi Family No 5 Core Fund 107,908,702.77 7.2% 7.1% 19.5% 237.4% -19.55 Canada
SRV_u.TO Sir Royalty Income Fund 103,726,638.73 7.6% 8.2% 0.6% 0.0%   Canada
ECF_u.TO East Coast Investment Grade Income Fund 95,314,332.94 5.1% 5.9% 1.1%     Canada
OLY.TO Olympia Financial Group Inc 94,193,736.95 5.3% 7.6% 3.4% 27.7% 55.65 Canada
MID_u.TO MINT Income Fund 92,935,636.19 7.5% 9.0% 0.8% 9.0% -80.82 Canada
FFN.TO North American Financial 15 Split Corp 88,483,157.17 19.0% 14.6% -0.2% 169.7% -90.41 Canada
RBN_u.TO Blue Ribbon Income Fund 87,617,624.75 7.3% 7.4% 1.2% 0.0% -39.50 Canada
BK.TO Canadian Banc Corp 85,102,581.11 11.3% 10.7% 8.1%     Canada
SBC.TO Brompton Split Banc Corp 81,143,761.18 9.6% 9.0% -0.3% 0.0% -46.81 Canada
MR_u.TO Melcor Real Estate Investment Trust 75,313,797.36 8.8% 8.1% -0.5% 251.2% 85.59 Canada
MFR_u.TO Manulife Floating Rate Senior Loan Fund 68,073,285.04 8.9% 7.9% -1.7%     Canada
SSF_u.TO Symphony Floating Rate Senior Loan Fund 63,890,052.22 7.2% 6.8% -1.5% 63.3% 9,742.09 Canada
FFI_u.TO Flaherty & Crumrine Investment Grade Fixed Income Fund 61,263,945.72 7.0% 7.5% 9.7% 66.2% -76.36 Canada
DF.TO Dividend 15 Split Corp II 58,816,155.08 25.0% 13.7% 1.0%     Canada
BL_u.TO Global Innovation Dividend Fund 54,364,339.81 4.0% 4.1% 8.1% 7.3%   Canada
HWF_u.TO Middlefield Healthcare & Wellness Dividend Fund 50,211,832.14 4.7% 5.0% 14.9% 0.0% 47.60 Canada
GDG_u.TO Global Dividend Growers Income Fund 50,084,381.30 5.7% 5.5% 3.1% 16.2% 1,134.61 Canada
FRO_u.V Fronsac REIT 47,091,319.79 3.6% 3.7% -3.1% 129.9%   Canada
M.V Mosaic Capital Corp 45,904,297.20 7.2% 6.0% -17.5% 149.3%   Canada
EF_u.TO European Focused Dividend Fund 45,795,217.33 7.6% 6.0% 13.9% 11.3% -51.45 Canada
GEC_u.TO Global Real Estate & E-Commerce Dividend Fund 43,221,737.65 5.0% 5.0% 0.6%     Canada
DS.TO Dividend Select 15 Corp 41,535,089.55 10.4% 9.9% -12.8%     Canada
CTF_u.TO Citadel Income Fund 36,917,854.17 3.7% 3.6% 3.1% 0.0% -31.36 Canada
LFE.TO Canadian Life Companies Split Corp 35,440,055.32 4.3% 12.4% 25.5%     Canada
MBK_u.TO Manulife U.S. Regional Bank Trust 34,166,158.03 4.6% 4.6% 12.4% 26.5% -1.59 Canada
PMB_u.TO Picton Mahoney Tactical Income Fund 33,297,045.44 5.1% 5.8% -11.7%     Canada
ENS.TO E Split Corp 33,275,802.84 11.2% 9.3% -2.0%     Canada
DE.V Decisive Dividend Corp 32,528,865.35 9.2% 8.9% 4.1% 56.7%   Canada
GDV.TO Global Dividend Growth Split Corp 26,989,544.44 11.8% 11.5% 7.2%     Canada
SKG_u.TO Skylon Growth and Income Trust 26,006,525.07 10.0% 9.1% 14.4% 0.0% -131.09 Canada
RZE.V Razor Energy Corp 24,611,012.74 7.2% 5.9% -2.8% 326.3% -18.77 Canada
LCS.TO Brompton Lifeco Split Corp 23,719,834.56 11.2% 10.1% 53.4%     Canada
FRL_u.TO Senior Secured Floating Rate Loan Fund 21,827,068.51 7.8% 7.3% -24.4% 60.8% 90.11 Canada
AFCC.V Automotive Finco Corp 21,194,887.21 16.3% 11.1% 5.2%     Canada
RCO_u.TO Middlefield Can-Global REIT Income Fund 20,916,883.16 5.4% 5.7% 10.5% 8.0% 288.39 Canada
MMP_u.TO Precious Metals And Mining Trust 19,725,185.05 8.4% 7.4% -3.0%     Canada
PME.TO Sentry Select Primary Metals Corp 19,508,034.69 9.8% 10.2% 10.3%     Canada
GXO.TO Granite Oil Corp 19,485,424.38 18.0% 7.7% 7.5% 24.1% 290.46 Canada
PAR_u.TO Partners Real Estate Investment Trust 17,178,524.08 31.8% 7.5% -0.1% 65.4% -38.93 Canada
INC_u.TO Income Financial Trust 17,150,709.22 12.9% 10.3% 1.2% 0.0% -100.64 Canada
PCD_u.TO Pathfinder Income Fund 16,039,184.03 7.6% 7.6% -6.5%     Canada
XTD.TO TDb Split Corp 15,680,851.92 9.7% 10.6% -2.1%     Canada
SUVAu.V Starlight US Multi-Family No 1 Value Add Fund 14,916,516.04 6.7% 6.3% 3.3%     Canada
TUT_u.TO Top 20 US Dividend Trust 14,080,187.59 4.3% 4.5% 2.7% 0.0% -207.18 Canada
IFB_u.TO Investment Grade Infrastructure Bond Fund 13,810,922.95 6.2% 5.9% 1.9%     Canada
PRM.TO Big Pharma Split Corp 11,926,899.93 10.4% 9.6% -2.8%     Canada
BLB_u.TO Bloom Select Income Fund 11,724,758.40 5.4% 5.2% 4.8% 0.0% -30.87 Canada
CIQ_u.TO Canadian High Income Equity Fund 11,533,242.59 8.1% 7.5% 7.5%     Canada
UTE_u.TO Canadian Utilities & Telecom Income Fund 11,429,142.94 7.2% 7.4% 4.2%     Canada
HRR_u.TO Australian REIT Income Fund 11,011,452.04 5.6% 6.4% 1.2% 32.1% -658.25 Canada
PFT_u.TO Canadian Preferred Securities Trust 10,437,847.53 5.3% 4.5% 5.1%     Canada
ACZ_u.TO American Core Sectors Dividend Fund 9,825,806.68 4.4% 5.1% -0.3% 0.0% -67.62 Canada
NPF_u.TO North American Preferred Share Fund 9,111,421.61 7.7% 6.5% -19.4%     Canada
BUA_u.TO Bloom U.S. Income & Growth Fund 6,946,901.18 8.8% 7.4% -22.8%     Canada
ENI_u.TO Energy Income Fund 4,849,594.14 7.1% 5.7% 7.1% 0.0% -25.53 Canada
PDV.TO Prime Dividend Corp 4,755,770.58 11.4% 10.1% 0.0% 0.0% -44.10 Canada
SBN.TO S Split Corp 3,643,214.82 5.8% 6.8% 3.2% 0.0% -14.50 Canada
PT_u.V Pine Trail Real Estate Investment Trust 3,139,317.13 6.0% 5.6% 0.4%     Canada
HBL_u.TO Brand Leaders Income Fund 3,089,314.02 7.5% 7.2% 7.0%     Canada
LVU_u.TO Low Volatility U.S. Equity Income Fund 2,692,559.82 5.9% 5.7% 2.7%     Canada
HGI_u.TO Global Telecom & Utilities Income Fund 2,676,544.71 8.3% 7.4% -3.7% 1.4% -263.48 Canada
CDD_u.TO Core Canadian Dividend Trust 2,096,817.42 9.2% 7.0% 40.2%     Canada
XMFa.TO M Split Corp 235,114.94 374.4% 186.0% -7.8%     Canada

 

There are about 362 Canadian-listed securities that pay a monthly distribution, just under 200 of which consist of equity and fixed income ETFs. Here is the list for ETFs that pay a monthly distribution and a download link to the full excel sheet:

Ticker Fund Name Assets Under Management (USD) Dividend Yield Dividend Yield 5 YR Avg Total Return (5 year Annualized) Total Return
(5-year Cumulative)
Country of Exchange Dividend Frequency
ZAG.TO BMO Aggregate Bond Index ETF 3,405,287,970.16 2.9% 3.0% 21.1% 160.3% Canada Monthly dividend
ZDV.TO BMO Canadian Dividend ETF 332,486,930.55 4.9% 4.4% -0.7% -3.6% Canada Monthly dividend
ZWC.TO BMO Canadian High Dividend Covered Call ETF 352,046,303.21 6.9% 6.4% 10.9% 67.9% Canada Monthly dividend
ZWB.TO BMO Covered Call Canadian Banks ETF 1,378,616,878.27 5.6% 5.3% 3.7% 19.7% Canada Monthly dividend
ZWA.TO BMO Covered Call DJIA Hedged to CAD ETF 186,127,804.33 4.8% 4.6% 4.6% 25.3% Canada Monthly dividend
ZWK.TO BMO Covered Call US Banks ETF 11,090,365.94 6.3% 5.7% -0.3% -1.4% Canada Monthly dividend
ZWU.TO BMO Covered Call Utilities ETF 615,198,584.76 6.6% 6.4% 7.6% 44.2% Canada Monthly dividend
ZDB.TO BMO Discount Bond Index ETF 508,067,475.73 2.2% 2.0% 8.5% 50.2% Canada Monthly dividend
ZEF.TO BMO Emerging Markets Bond Hedged To Cad Index Etf 171,167,213.40 4.7% 4.6% 4.6% 25.2% Canada Monthly dividend
ZRE.TO BMO Equal Weight REITs Index ETF 437,935,874.53 4.4% 5.2% 4.8% 26.6% Canada Monthly dividend
ZUT.TO BMO Equal Weight Utilities Index ETF 176,033,654.19 4.2% 4.2% 2.7% 14.0% Canada Monthly dividend
ZWE.TO BMO Europe High Dividend Cov Call Hgd to CAD ETF 665,586,090.37 6.9% 7.3% 1.8% 9.2% Canada Monthly dividend
ZFH.TO BMO Floating Rate High Yield ETF 104,386,795.88 4.4% 4.6% 5.4% 30.2% Canada Monthly dividend
ZHY.TO BMO High Yield US Corp Bond Hed to CAD Index ETF 524,607,866.84 6.0% 6.0% 3.7% 20.0% Canada Monthly dividend
ZJK.TO Bmo High Yield Us Corporate Bond Index ETF 575,908,559.50 6.1% 5.5% -0.1% -0.4% Canada Monthly dividend
ZDI.TO BMO International Dividend ETF 304,087,819.27 5.3% 4.5% -0.1% -0.5% Canada Monthly dividend
ZDH.TO BMO International Dividend Hedged to CAD ETF 95,639,536.97 5.1% 6.0% -0.9% -4.4% Canada Monthly dividend
ZPR.TO BMO Laddered Preferred Share Index ETF 1,421,342,420.19 5.3% 4.5% 1.9% 9.7% Canada Monthly dividend
ZLC.TO BMO Long Corporate Bond Index ETF 291,342,134.82 4.0% 4.3% 2.0% 10.5% Canada Monthly dividend
ZFL.TO Bmo Long Federal Bond Index Etf 536,127,361.91 2.9% 3.0% 3.7% 19.8% Canada Monthly dividend
ZPL.TO BMO Long Provincial Bond Index ETF 448,131,705.00 3.2% 3.4% 2.3% 11.8% Canada Monthly dividend
ZCM.TO Bmo Mid Corporate Bond Index Etf 800,687,273.56 3.2% 3.3% 0.6% 2.8% Canada Monthly dividend
ZFM.TO BMO Mid Federal Bond Index ETF 559,197,689.72 2.0% 2.3% 10.8% 66.7% Canada Monthly dividend
ZMP.TO BMO Mid Provincial Bond Index ETF 486,506,686.42 2.7% 3.0% 1.6% 8.0% Canada Monthly dividend
ZMU.TO BMO Mid-Term US IG Corp Bond Hdg to CAD Index ETF 813,483,900.58 3.6% 3.5% 2.2% 11.7% Canada Monthly dividend
ZIC.TO BMO Mid-Term US IG Corporate Bond Index ETF 997,489,626.59 3.5% 3.4% 8.2% 48.2% Canada Monthly dividend
ZMI.TO BMO Monthly Income ETF 82,967,169.53 4.5% 4.1% 4.1% 22.5% Canada Monthly dividend
ZRR.TO Bmo Real Return Bond Index Etf 53,158,327.11 2.3% 2.0% -34.3% -87.7% Canada Monthly dividend
ZEB.TO BMO S&P/TSX Equal Weight Banks Index ETF 1,051,944,218.07 3.5% 3.4% 2.3% 12.2% Canada Monthly dividend
ZCS.TO BMO Short Corporate Bond Index ETF 997,161,766.93 2.8% 3.2% 3.6% 19.5% Canada Monthly dividend
ZFS.TO BMO Short Federal Bond Index ETF 794,510,163.29 1.7% 1.7% 6.3% 35.4% Canada Monthly dividend
ZPS.TO BMO Short Provincial Bond Index ETF 364,741,264.35 3.1% 3.1% -0.1% -0.7% Canada Monthly dividend
ZSU.TO BMO Short-Term US IG Corp Bond Hgd to CAD Inx ETF 121,434,584.47 2.7% 2.3% 0.3% 1.5% Canada Monthly dividend
ZUSu.TO BMO Ultra Short Term US Bond ETF 51,590,500.00 3.1% 3.0% 3.5% 18.6% Canada Monthly dividend
ZST.TO BMO Ultra Short-Term Bond ETF 453,552,524.27 3.0% 3.8% 1.3% 6.6% Canada Monthly dividend
ZDY.TO BMO US Dividend ETF 1,041,353,264.19 2.9% 3.3% 5.2% 29.1% Canada Monthly dividend
ZUD.TO BMO US Dividend Hedged to CAD ETF 102,093,051.00 3.1% 3.2% 1.5% 7.8% Canada Monthly dividend
ZWH.TO BMO US High Dividend Covered Call ETF 541,866,079.16 6.5% 5.9% -0.1% -0.5% Canada Monthly dividend
ZUP.TO BMO US Preferred Share Index ETF 52,715,226.66 5.2% 5.1% 1.2% 6.1% Canada Monthly dividend
ZPW.TO BMO US Put Write ETF 122,226,165.80 6.8% 6.6% 12.3% 78.6% Canada Monthly dividend
BPRF.TO Brompton Flaherty & Crumrine Inv Gd Preferred ETF 11,380,852.97 4.9% 5.0% 2.9% 15.6% Canada Monthly dividend
BDIV.TO Brompton Global Dividend Growth ETF 36,360,232.51 6.2% 6.3% 6.1% 34.5% Canada Monthly dividend
BFIN.TO Brompton North American Financials Dividend ETF 14,888,909.63 5.1% 5.5% 2.9% 15.6% Canada Monthly dividend
CACB.TO CIBC Active Investment Grade Corporate Bond ETF 47,811,426.44 2.7% 2.7% 3.8% 20.4% Canada Monthly dividend
CAFR.TO CIBC Active Investment Grade Floating Rate Bond ETF 12,708,737.86 1.9% 1.9% 30.7% 282.0% Canada Monthly dividend
CYH.TO Claymore Global Monthly Advantaged Dividend Etf 124,279,312.92 4.3% 3.6% 2.5% 13.2% Canada Monthly dividend
DXP.TO Dynamic iShares Active Preferred Shares ETF 378,780,246.45 4.8% 4.0% -0.6% -2.9% Canada Monthly dividend
EARN.TO Evolve Active Global Fixed Income ETF 19,685,436.89 3.0% 3.0% 1.1% 5.6% Canada Monthly dividend
CARS.TO Evolve Automobile Innovation Index ETF Hedged 4,383,495.15 0.7% 1.3% 1.6% 8.5% Canada Monthly dividend
CORP.TO Exemplar Investment Grade Fund Series ETF 6,297,236.74 3.0% 3.0% 3.5% 18.7% Canada Monthly dividend
FDV.TO First Asset Active Canadian Dividend ETF Common 28,180,494.58 3.8% 4.1% 1.6% 8.5% Canada Monthly dividend
FAO.TO First Asset Active Credit ETF Common 19,331,410.19 5.7% 5.6% 11.4% 71.6% Canada Monthly dividend
CXF.TO First Asset Canadian Convertible Bond ETF 41,135,958.10 5.1% 5.0% -0.3% -1.3% Canada Monthly dividend
RIT.TO First Asset Canadian REIT Income Fund 368,599,718.85 4.6% 5.1% 5.8% 32.4% Canada Monthly dividend
FLB.TO First Asset Long Duration Fixed Income ETF 42,512,322.63 2.5% 2.6% 3.1% 16.5% Canada Monthly dividend
FPR.TO First Asset Preferred Share ETF 46,483,957.12 4.6% 4.3% 3.5% 18.5% Canada Monthly dividend
FGB.TO First Asset Short Term Government Bond Index Class ETF 36,469,380.13 2.0% 2.1% 0.0% 0.0% Canada Monthly dividend
FDE.TO First Trust AlphaDEX Em Mkt Div ETF (CAD-Hedged) 2,773,321.61 3.5% 3.1% 1.7% 8.6% Canada Monthly dividend
EUR.TO First Trust AlphaDEX European Dividend Index ETF 10,409,422.87 3.5% 3.0% 2.8% 14.6% Canada Monthly dividend
FUD.TO First Trust AlphaDEX US Dividend ETF (CAD-Hedged) 15,864,928.83 2.0% 2.6% 0.9% 4.5% Canada Monthly dividend
ETP.TO First Trust Global Risk Mngd Inc Idx ETF Common 19,442,194.86 4.0% 4.1% 1.6% 8.1% Canada Monthly dividend
FSL.TO First Trust Senior Loan ETF 50,345,769.38 4.9% 4.2% 13.1% 84.8% Canada Monthly dividend
FSDa.TO First Trust Short Duration High Yld Bond Hdg ETF 7,008,583.64 4.4% 4.9% -10.3% -41.8% Canada Monthly dividend
FTB.TO First Trust Tactical Bond Index ETF 13,651,979.09 3.3% 3.6% 4.1% 22.1% Canada Monthly dividend
FLGA.TO Franklin Liberty Global Aggregate Bd ETF (CAD-Hgd) 318,382,791.53 2.9% 2.2% 0.9% 4.8% Canada Monthly dividend
FLSL.TO Franklin Liberty Senior Loan ETF (CAD-Hedged) 8,616,164.63 4.7% 6.0% 3.9% 21.2% Canada Monthly dividend
FLUI.TO Franklin Liberty U.S. Invest Grd CorpETF (CAD-Hgd) 6,152,699.08 3.8% 3.5% 2.8% 14.8% Canada Monthly dividend
HIG.TO Global Healthcare Income & Growth Fund ETF 37,109,919.00 7.3% 6.8% 0.4% 1.9% Canada Monthly dividend
HFA.TO Hamilton Capital Australian Financials Yield ETF 16,872,354.97 6.4% 6.6% 15.0% 100.8% Canada Monthly dividend
HCB.TO Hamilton Capital Canadian Bank Dynamic Weight ETF 8,887,395.88 3.8% 3.6% 3.6% 19.2% Canada Monthly dividend
HCBB.TO Harvest Banks Buildings Income ETF 1,866,131.44 5.5% 5.5% 11.0% 68.6% Canada Monthly dividend
HUTL.TO Harvest Equal Weight Global Utilities Income ETF 6,766,990.29 6.6% 6.6% 11.3% 70.9% Canada Monthly dividend
HUBL.TO Harvest US Bank Leaders Income ETF 4,099,153.85 6.5% 5.9% 21.5% 164.7% Canada Monthly dividend
HAD.TO Horizons Active Cdn Bond ETF 42,635,496.86 2.5% 2.8% 3.2% 17.1% Canada Monthly dividend
HMP.TO Horizons Active CDN Municipal Bond ETF 69,018,476.12 2.0% 2.1% 2.9% 15.6% Canada Monthly dividend
HAB.TO Horizons Active Corporate Bond ETF 422,050,456.77 3.1% 3.3% 14.1% 93.2% Canada Monthly dividend
HEMB.TO Horizons Active Emerging Markets Bond ETF 19,433,913.37 4.2% 4.1% 10.6% 65.2% Canada Monthly dividend
HSL.TO Horizons Active Floating Rate Senior Loan ETF 46,337,747.03 3.9% 3.4% -0.9% -4.2% Canada Monthly dividend
HAF.TO Horizons Active Global Fixed Income ETF 34,228,142.97 2.9% 3.4% 0.0% 0.0% Canada Monthly dividend
HYI.TO Horizons Active High Yield Bond ETF 77,384,233.67 6.6% 6.0% 8.8% 52.4% Canada Monthly dividend
HUF.TO Horizons Active US Floating Rate Bond (USD) ETF 31,182,768.81 4.0% 1.7% 2.1% 10.9% Canada Monthly dividend
HFR.TO Horizons AlphaPro Floating Rate Bond ETF 535,152,694.85 2.5% 2.1% 1.8% 9.2% Canada Monthly dividend
HPR.TO Horizons Alphapro Preferred Share ETF 1,035,996,202.53 4.9% 4.2% 4.4% 24.0% Canada Monthly dividend
HEE.TO Horizons Enhanced Income Energy ETF 11,600,874.14 7.8% 9.0% 1.0% 5.0% Canada Monthly dividend
HEX.TO Horizons Enhanced Income Equity ETF 26,353,933.38 5.6% 6.6% 13.4% 87.4% Canada Monthly dividend
HEF.TO Horizons Enhanced Income Financials ETF 11,634,080.36 5.6% 6.4% 2.6% 13.5% Canada Monthly dividend
HEP.TO Horizons Enhanced Income Gold Producers ETF 42,977,111.19 5.0% 8.8% 2.8% 15.0% Canada Monthly dividend
HEJ.TO Horizons Enhanced Income International Equity ETF 13,329,636.65 7.1% 7.5% -11.7% -46.3% Canada Monthly dividend
HEA.TO Horizons Enhanced Income US Equity ETF USD 28,075,339.24 6.1% 6.0% 5.9% 32.9% Canada Monthly dividend
HGY.TO Horizons Gold Yield ETF 17,774,042.38 4.4% 5.5% 5.6% 31.2% Canada Monthly dividend
HNY.TO Horizons Natural Gas Yield ETF 4,636,780.28 7.9% 11.0% -16.7% -59.8% Canada Monthly dividend
CBH.TO iShares 1-10 Year Laddered Corporate Bond Idex ETF 217,486,183.72 3.4% 3.9% 32.4% 306.1% Canada Monthly dividend
CLG.TO iShares 1-10 Year Laddered Government Bond Idex ETF 217,980,582.52 2.9% 3.2% 4.8% 26.4% Canada Monthly dividend
CBO.TO iShares 1-5 Year Laddered Corporate Bond Index ETF 796,585,511.58 2.7% 3.4% 1.5% 7.9% Canada Monthly dividend
CLF.TO iShares 1-5 Year Laddered Government Bond Idx ETF 519,471,247.20 2.6% 3.0% 3.4% 18.2% Canada Monthly dividend
FIE.TO iShares Canadian Financial Monthly Income ETF 479,858,103.06 7.0% 6.9% 1.8% 9.1% Canada Monthly dividend
XHB.TO iShares Canadian HYBrid Corporate Bond Index ETF 350,561,613.14 3.8% 4.4% 0.9% 4.5% Canada Monthly dividend
XDV.TO iShares Canadian Select Dividend Index ETF 1,009,823,749.07 4.6% 4.2% 3.1% 16.7% Canada Monthly dividend
XBB.TO iShares Canadian Universe Bond Index ETF 2,182,939,507.09 2.8% 2.9% 2.4% 12.6% Canada Monthly dividend
XSC.TO iShares Conservative Short Term Stratc Fxd Inc ETF 105,094,846.90 2.7% 3.0% 3.8% 20.4% Canada Monthly dividend
XSE.TO iShares Conservative Strategic Fixed Income ETF 174,277,819.27 2.8% 3.6% 5.1% 28.0% Canada Monthly dividend
CVD.TO iShares Convertible Bond Index ETF 83,775,952.20 4.7% 4.7% 6.0% 33.9% Canada Monthly dividend
XLB.TO iShares Core Canadian Long Term Bond Index ETF 502,171,189.98 3.3% 3.6% 5.1% 28.0% Canada Monthly dividend
XSH.TO iShares Core Canadian ShTm Corp + Maple Bd Idx ETF 764,462,285.29 2.8% 3.1% 1.4% 7.2% Canada Monthly dividend
XQB.TO iShares Core High Quality Canadian Bond Index ETF 354,387,602.69 2.5% 2.7% -4.7% -21.5% Canada Monthly dividend
XDIV.TO iShares Core MSCI Canadian Quality Div Index ETF 99,541,822.26 4.2% 4.5% 4.8% 26.3% Canada Monthly dividend
XDG.TO iShares Core MSCI Global Quality Dividend Idx ETF 61,657,953.70 3.6% 3.3% 8.3% 48.7% Canada Monthly dividend
XDU.TO iShares Core MSCI US Quality Dividend Index ETF 44,361,463.78 2.3% 2.6% 3.3% 17.6% Canada Monthly dividend
XEI.TO iShares Core S&P/TSX Composite High Div Idx ETF 434,921,583.27 4.9% 4.8% 1.8% 9.5% Canada Monthly dividend
XSQ.TO iShares Core Short Term High Quality Canadian Bond Index ETF 89,189,531.76 2.1% 2.2% 1.3% 6.7% Canada Monthly dividend
XCB.TO iShares DEX All Corporate Bond Index ETF 1,222,846,153.85 2.9% 3.2% 1.5% 7.6% Canada Monthly dividend
XGB.TO Ishares Dex All Government Bond Index Fund 478,996,265.87 2.3% 2.6% 1.7% 9.0% Canada Monthly dividend
XSB.TO iShares DEX Short Term Bond Index Fund 1,579,563,853.62 2.4% 2.5% 12.9% 83.6% Canada Monthly dividend
XTR.TO iShares Diversified Monthly Income ETF 455,120,238.98 5.4% 5.8% 9.9% 60.5% Canada Monthly dividend
XFR.TO iShares Floating Rate Index ETF 545,719,940.25 1.9% 1.1% 0.8% 4.0% Canada Monthly dividend
XEB.TO iShares JP Morgan USD Em Mkts Bd Idx ETF (C-H) 76,362,957.43 4.7% 4.2% 1.8% 9.3% Canada Monthly dividend
CMR.TO iShares Premium Money Market ETF 272,700,522.78 1.5% 0.7% -2.1% -9.9% Canada Monthly dividend
CDZ.TO iShares S&P TSX Canadian Dividend Aristocrats Index ETF 639,563,106.80 4.4% 3.8% -0.9% -4.2% Canada Monthly dividend
CPD.TO iShares S&P/TSX Canadian Preferred Share Index ETF 952,577,109.78 5.0% 4.7% 4.7% 25.7% Canada Monthly dividend
XFN.TO iShares S&P/TSX Capped Financials Index ETF 742,709,484.69 3.1% 3.0% 3.2% 17.1% Canada Monthly dividend
XRE.TO iShares S&P/TSX Capped REIT Index ETF 1,001,075,429.42 4.4% 5.0% 8.8% 52.1% Canada Monthly dividend
XUT.TO iShares S&P/TSX Capped Utilities Index ETF 88,265,870.05 3.9% 3.9% 7.9% 46.6% Canada Monthly dividend
XPF.TO iShares S&P/TSX NthAm Pref Stk Ix ETF (CAD-Hedged) 147,047,796.86 5.1% 5.0% -1.6% -7.6% Canada Monthly dividend
CSD.TO iShares Short Duration High Income CAD Hedged ETF 70,413,741.60 5.3% 5.1% 12.9% 83.5% Canada Monthly dividend
XSI.TO iShares Short Term Strategic Fixed Income ETF 91,747,572.82 3.4% 3.4% 6.9% 39.3% Canada Monthly dividend
XHU.TO iShares U.S. High Dividend Equity Index Fund 28,566,094.10 2.6% 2.8% 17.4% 122.9% Canada Monthly dividend
CUD.TO iShares US Dividend Growers Index ETF (CAD-Hedged) 398,231,516.06 2.1% 1.9% 4.2% 23.1% Canada Monthly dividend
XHD.TO iShares US High Div Eq Idx ETF (CAD-Hedged) 154,478,715.46 2.7% 2.9% 1.8% 9.3% Canada Monthly dividend
XHY.TO iShares US High Yield Bd Idx ETF (CAD-Hedged) 298,772,218.07 5.6% 6.0% -0.8% -3.8% Canada Monthly dividend
CHB.TO iShares US High Yield Fixed Income Idx ETF CAD-Hgd 105,961,825.23 5.9% 6.0% -10.1% -41.4% Canada Monthly dividend
XIG.TO iShares US IG Corporate Bd Idx ETF (CAD-Hedged) 80,498,132.94 3.4% 3.2% 4.1% 22.1% Canada Monthly dividend
PR.TO Lysander Slater Active ETF 72,000,836.45 5.2% 5.0% 5.8% 32.4% Canada Monthly dividend
MCSB.TO Mackenize Canadian Short Term Fixed Income Etf 7,516,803.58 2.7% 2.7% 7.4% 42.9% Canada Monthly dividend
QBB.TO Mackenzie Canadian Aggregate Bond Index ETF 57,309,932.79 2.6% 2.7% 1.9% 9.7% Canada Monthly dividend
MKB.TO Mackenzie Core Plus Canadian Fixed Income ETF 101,747,572.82 2.6% 2.7% 0.6% 2.8% Canada Monthly dividend
MGB.TO Mackenzie Core Plus Global Fixed Income ETF 126,049,290.52 3.8% 3.1% 2.0% 10.4% Canada Monthly dividend
MFT.TO Mackenzie Floating Rate Income ETF 499,238,237.49 6.0% 5.5% 15.6% 106.4% Canada Monthly dividend
MUB.TO Mackenzie Unconstrained Bond ETF 333,400,298.73 4.0% 4.4% 4.7% 25.9% Canada Monthly dividend
QHY.TO Mackenzie US High Yield Bond Index ETF (CAD-Hgd) 25,592,531.74 4.4% 5.1% 7.8% 45.5% Canada Monthly dividend
QUIG.TO Mackenzie US Inv Grade Corp Bd Idx ETF (CAD-Hgd) 230,659,447.35 3.5% 3.3% 3.3% 17.4% Canada Monthly dividend
ONEB.TO ONE North American Core Plus Bond ETF 77,386,109.04 2.4% 2.3% 3.5% 18.9% Canada Monthly dividend
PFL.TO PowerShares 1-3 Year Laddered Floating Rate Note Index ETF 83,100,821.51 1.9% 1.1% 1.1% 5.7% Canada Monthly dividend
PSB.TO PowerShares 1-5 Year Lad Inv Grade Corp Bd Idx ETF 567,609,062.73 3.1% 3.9% 8.5% 50.2% Canada Monthly dividend
PDC.TO PowerShares Canadian Dividend Index ETF 492,079,163.55 4.5% 4.2% 9.9% 60.2% Canada Monthly dividend
PPS.TO PowerShares Canadian Preferred Share Index ETF 124,314,337.89 5.1% 4.8% -27.8% -80.4% Canada Monthly dividend
PFHf.TO PowerShares Fundamental HY Corp Bd Idx ETF Hedged 59,557,692.31 4.9% 4.5% 2.4% 12.8% Canada Monthly dividend
USB.TO PowerShares LadderRite US 0-5 Yr Corp Bd Idx CAD 16,609,036.59 3.4% 3.4% 10.8% 67.1% Canada Monthly dividend
PLV.TO PowerShares Low Volatility Portfolio ETF 39,780,246.45 2.8% 2.8% 0.8% 4.0% Canada Monthly dividend
ULVf.TO PowerShares S&P 500 Low Volatility CADHdgd Idx ETF 212,883,965.65 1.8% 1.8% -15.6% -57.1% Canada Monthly dividend
TLV.TO PowerShares S&P/TSX Comp Low Volatility Idx ETF 269,564,040.33 3.9% 3.8% 16.5% 115.0% Canada Monthly dividend
REIT.TO PowerShares S&P/TSX REIT Income Index ETF 12,832,337.57 4.8% 5.0% 1.5% 7.7% Canada Monthly dividend
BKLf.TO PowerShares Senior Loan (CAD Hedged) Index ETF 38,169,411.87 4.7% 4.1% 2.7% 14.3% Canada Monthly dividend
PTB.TO PowerShares Tactical Bond ETF 91,840,552.65 3.1% 3.7% 0.0%   Canada Monthly dividend
PSY.TO PS Global Shareholder Yield ETF 2,255,414.49 3.3% 2.9% 6.2% 35.2% Canada Monthly dividend
PDF.TO Purpose Core Dividend Series A 216,254,465.38 3.9% 3.5% 3.8% 20.4% Canada Monthly dividend
PHR.TO Purpose Duration Hedged Real Estate Fund 76,872,666.17 4.6% 4.7% 8.1% 47.9% Canada Monthly dividend
PDIV.TO Purpose Enhanced Dividend ETF 11,990,588.20 6.2% 5.7% 0.3% 1.5% Canada Monthly dividend
PFG.TO Purpose Global Financials Income ETF 11,144,045.34 7.4% 6.8% 3.5% 18.7% Canada Monthly dividend
PSA.TO Purpose High Interest Savings ETF 1,245,581,404.03 2.0% 1.2% 1.1% 5.8% Canada Monthly dividend
PID.TO Purpose International Dividend ETF 106,912,434.65 4.4% 3.7% 4.0% 21.4% Canada Monthly dividend
PIN.TO Purpose Monthly Income Series A 5,775,265.74 5.5% 5.2% 3.4% 18.3% Canada Monthly dividend
PYF.TO Purpose Premium Yield Fund 106,957,991.04 5.4% 5.9% -3.2% -14.8% Canada Monthly dividend
SYLD.TO Purpose Strategic Yield Fund 29,127,333.83 6.0% 5.9% -15.7% -57.5% Canada Monthly dividend
BND.TO Purpose Tactical Investment Grade Bond Fund ETF 38,110,530.25 3.5% 3.5% 0.0% -0.2% Canada Monthly dividend
PBD.TO Purpose Total Return Bond Series A 42,930,679.02 3.6% 3.9% 14.8% 99.4% Canada Monthly dividend
PSUu.TO Purpose US Cash ETF 130,915,425.00 2.2% 1.0% 1.6% 8.5% Canada Monthly dividend
PUD.TO Purpose US Dividend ETF Units 4,001,120.24 3.6% 2.9% 8.5% 50.7% Canada Monthly dividend
PUDb.TO Purpose US Dividend Non Currency Hedged ETF Units 4,500,000.00 3.4% 3.1% 0.4% 2.1% Canada Monthly dividend
RLB.TO RBC 1 5 Year Laddered Canadian Bond ETF 212,364,824.50 2.7% 2.9% 0.9% 4.7% Canada Monthly dividend
RBO.TO RBC 1 5 Year Laddered Corporate Bond ETF 137,223,300.97 2.9% 3.2% 2.4% 12.4% Canada Monthly dividend
RCD.TO RBC Quant Canadian Dividend Leaders ETF 92,456,684.09 3.9% 3.8% 1.0% 5.2% Canada Monthly dividend
RIDH.TO RBC Quant EAFE Dividend Leaders ETF 56,915,982.08 4.7% 3.3% 3.1% 16.4% Canada Monthly dividend
RID.TO RBC Quant EAFE Dividend Leaders ETF 250,350,770.35 4.8% 3.3% -0.6% -2.9% Canada Monthly dividend
RXD.TO RBC Quant Emerging Markets Dividend Leaders ETF 37,454,443.61 3.6% 3.0% 0.8% 4.2% Canada Monthly dividend
RPDH.TO RBC Quant European Dividend Leaders Hedged ETF 33,828,976.85 5.2% 3.3% 2.0% 10.3% Canada Monthly dividend
RUD.TO RBC Quant U S Dividend Leaders ETF 440,160,591.86 2.3% 2.3% 0.6% 3.3% Canada Monthly dividend
RLD.TO RBC Strategic Global Dividend Leaders ETF 8,022,031.37 3.2% 2.9% 7.4% 43.0% Canada Monthly dividend
RQG.TO RBC Target 2019 Corporate Bond ETF 22,883,121.73 4.9% 4.0% 14.0% 92.6% Canada Monthly dividend
RQH.TO RBC Target 2020 Corporate Bd Index ETF 142,501,120.24 2.6% 3.0% 1.0% 5.2% Canada Monthly dividend
RQI.TO RBC Target 2021 Corp Bond ETF 91,262,509.34 2.8% 3.1% -25.7% -77.4% Canada Monthly dividend
RQJ.TO RBC Target 2022 Corporate Bond Index ETF 77,122,852.88 2.2% 2.2% 5.3% 29.2% Canada Monthly dividend
RQK.TO RBC Target 2023 Corporate Bond Index ETF 65,668,409.26 2.9% 2.9% 19.8% 146.5% Canada Monthly dividend
RQL.TO RBC Target 2024 Corporate Bond Index ETF 61,152,725.91 2.9% 3.0% 2.4% 12.7% Canada Monthly dividend
RQN.TO RBC Target 2025 Corporate Bond Index ETF 3,868,558.63 3.1% 3.1% 1.7% 8.9% Canada Monthly dividend
RUBY.TO RBC US Banks Yield Index ETF 16,220,634.80 2.1% 1.8% 24.1% 194.3% Canada Monthly dividend
TDB.TO TD Canadian Aggregate Bond Index ETF 12,182,972.37 3.9% 3.2% 2.1% 10.9% Canada Monthly dividend
TLF.TO Tech Leaders Income ETF 26,243,852.41 5.4% 6.5% 2.0% 10.3% Canada Monthly dividend
VAB.TO Vanguard Canadian Aggregate Bond Index ETF 1,660,832,710.98 2.7% 2.9% 1.7% 8.7% Canada Monthly dividend
VSB.TO Vanguard Canadian Short-Term Bond Index ETF 775,922,330.10 2.3% 2.5% 0.0% 0.2% Canada Monthly dividend
VSC.TO Vanguard Canadian Short-Term Corporate Bd Idx ETF 840,642,270.35 2.7% 3.0% 2.1% 10.9% Canada Monthly dividend
VRE.TO Vanguard FTSE Canadian Capped REIT Index ETF 158,125,466.77 3.5% 3.1% 18.7% 135.4% Canada Monthly dividend
VDY.TO Vanguard FTSE Canadian High Dividend Yield Idx ETF 379,003,734.13 4.1% 3.7% 7.1% 40.8% Canada Monthly dividend
VBG.TO Vanguard Global ex-US Aggregate Bd Idx ETF Hedged 185,941,971.62 2.3% 1.7% 3.6% 19.1% Canada Monthly dividend
VBU.TO Vanguard USAggrtBd Idx ETF Hgd 310,368,259.90 2.5% 2.3% 0.8% 3.8% Canada Monthly dividend
CAGG.TO WisdomTree Yield Enhanced Canada Aggregate Bond Index ETF 109,847,348.67 2.9% 3.0% 2.1% 11.2% Canada Monthly dividend
CAGS.TO WisdomTree Yield Enhanced Canada Short-Term Aggregate Bond Index ETF 73,711,725.17 2.8% 2.6% 1.1% 5.6% Canada Monthly dividend

Are Monthly Dividend Stocks Right for You? 

While some investors want companies that will grow their capital, others are focused on generating an income from their capital. However, the two are not mutually exclusive as you can certainly have capital growth while achieving income and vice versa. The mix you choose depends on your time horizon, risk tolerance and investment strategy. Monthly dividends can provide great convenience and simplicity for income investors but it can also be tricky to choose the right security. In this post, we focused on common characteristics of companies that pay a monthly distribution and what to watch out for including a company’s payout ratio, dividend yield and debt levels. Of course, there are many securities like ETFs that can help investors achieve a good monthly stream of income while providing company diversification, but we will leave the discussion on what to watch out for in ETFs for a later post.  

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