Q: Hi! I recently sold a property in order to access regular income from the proceeds. I'd like to make 3% on an investment that pays on a monthly basis, and that has some potential for growth. If paying out on a monthly basis is too limiting, I can bridge for a quarterly dividend. I'd love to get your suggestions. Thanks!
5i Research Answer:
With the caveat that any equity product is going to carry risks, we would suggest ZWC, with a 5.7% current yield. It is Canadian equity exposure, diversified, with a covered call overlay. It will decline if the market declines, but it pays monthly and has performed well (11.51% annually over five years).