Shaw Communications Inc., (TSE: SJR) serves 3.2 million customers, mostly in Western Canada. Its customer base includes 1.9 million internet subscribers and more than one million Shaw Home Phone customers, supported by 860,000 kilometers of company-owned fiber line. Through its subsidiary Wind Mobile, Shaw provides mobile services in urban areas of British Columbia, Alberta, and Southern Ontario.
In order to shied itself from competition coming from wireless operators, last year, Shaw Communications bought Canada’s fourth-largest mobile phone operator, Wind Mobile. The CA$1.6 billion acquisition provides Shaw a new growth platform in Canada’s wireless market while strengthening its product mix.
With a dividend yield of 4.5%, it provides a good diversification opportunity for monthly dividend income investors away from real estate.
Apart from this, Main Street Capital Corp. (NYSE:MAIN) is a good break from REITs to invest in the financial space.
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Monthly dividend stocks