A 6.1% Dividend Stock Paying Cash Every Month

Most new investors think about making money in the stock market by buying shares at a low price and selling them later for a profit.

And while capital gains are certainly an important part of building wealth, they’re not the only way to benefit from owning stocks.

Some companies also share a portion of their earnings with investors through regular dividend payments.

What I find particularly appealing is that certain Canadian stocks pay those dividends every month, creating a stream of cash that could be reinvested or used for everyday expenses.

In this article, I’ll highlight a top Canadian monthly dividend stock that currently offers an attractive yield and could help investors build a rewarding stream of passive income.

A top Canadian monthly dividend stock to buy If you’re looking to earn a reliable monthly income from your investments, Freehold Royalties (TSX: FRU) could be a great choice to consider right now.

This Calgary-based energy company owns oil and natural gas royalty interests across Canada and the United States, earning revenue from production activities on its lands.

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