Here are some fun facts about the 12 monthly dividend payers:
- The average length of their streak of raising dividends is 8.2 years (vs 10.7 years for the entire list)
- Their average dividend yield was 5.26% (vs 3.64% for the entire list)
- Their average amount of their latest dividend increase was 6.63% (vs 9.30% for the entire list)
- Their average EPS payout ratio was 110.49% (unable to calculate for the entire list)
- Their average trailing P/E ratio was 21.9 (unable to calculate for the entire list)
- Their average 1/3/5 year dividend growth rates were 7.4%/6.9%/9.4% (vs 12.2%/13.1%/15.3%)
- Of the ten sectors used to classify the list, the monthly dividend payers are diversified across seven sectors including Real Estate (3), Communication Services (2), Consumer Cyclical (2), Energy (2), Industrials (2), Financial Services (1), and Utilities (1).
Personally, I currently own four of the monthly dividend payers (Corus, Alaris, Enbridge Income, and Granite Real Estate), and have owned Inter Pipeline as recently as last month. Of my current holdings, I would consider selling Corus as it is a vastly different and more leveraged company than when I first invested in it. On the other hand, Cineplex has long been on my watch list as it holds a virtual monopoly on movie theatres in Canada. However, the stock seems very expensive (P/E of 24X) and only offers a 3.1% yield.
Do you hold or are you interested in purchasing any of the 12 monthly payers?