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Here is a good mix of monthly dividend stocks that could carry your portfolio for years. If you buy the same amounts in each stock, your average yield will be 4.8%. Of the three, Savaria (TSX:SIS) will most likely carry a big chuck of price appreciation over the next three to five years. Canadian Net REIT (TSX:NET.UN) would pay good passive income but probably still weigh more towards growth. First National (TSX:FN) should provide a good balance of income and growth.
Monthly dividend stock with strong growth prospects
Savaria has a market cap of below $1 billion. The mid-cap stock has been a poor performer recently, falling 33% in the last 12 months versus the market that only fell 4%. That’s the kind of volatility risk that investors take when investing in smaller cap stocks that are sensitive to economic cycles.
However, Savaria can reward long-term…