This Canadian monthly dividend stock is a great combination of a 6.8% annualized yield, monthly cash distributions, and a highly occupied Canadian real estate portfolio with several growth projects underway.
Cascades stock has rallied 73% over the last year, and improving profitability, lower debt, and tariff-mitigation efforts could help keep its recovery on track despite the escalating Canada-U.S. trade war.
These two Canadian dividend stocks offer investors two different ways to build dependable passive income while still keeping long-term growth potential in the portfolio.