There are fairly just a few month-to-month dividend payors on the TSX as we speak. On this article, I’ll focus on three of them that yield over 5%. These month-to-month dividend shares is usually a supply of standard, predictable earnings to complement your employment earnings or your retirement. Funds can be utilized to assist help your life-style or they are often reinvested, offering a compounding of returns that actually provides up in time.
With out additional ado, listed below are the month-to-month dividend shares to contemplate.
Freehold Royalties: A TSX vitality inventory yielding 6.72%
Though oil costs may be extraordinarily unstable and unpredictable, there are some oil and gasoline corporations which are considerably sheltered from this difficult actuality. Like Freehold Royalties (TSX:FRU). Freehold merely collects royalties from its properties and doesn’t do its personal drilling or exploration.
The corporate owns a portfolio of mineral titles and royalties on a diversified set of oil and gasoline properties throughout North America. Its properties have excessive netbacks, robust manufacturing profiles, and so they’re set to learn from the quickly increasing liquified pure gasoline, or LNG, trade.
Freehold Royalties is presently yielding 6.72%. In its newest quarter, its earnings per share (EPS) got here in at $0.21, which was 23.5% larger than the identical interval final 12 months. Additionally, its working money circulate got here in at $180 million, a rise of 10%. This TSX month-to-month dividend inventory has a wholesome payout ratio in addition to steadiness sheet, which ought to see additional enhancements with the current uptick in pure gasoline costs.
Mullen Group: A 5% yield and report outcomes
The subsequent engaging high-yield month-to-month dividend inventory I’d like to debate is Mullen Group (TSX:MTL). Mullen is presently yielding 5.01%, and the shares are extremely undervalued, in my opinion.
Within the final a few years, Mullen has made progress in diversifying its enterprise away from the extremely cyclical vitality providers enterprise. At this time, it’s diversified funding firm that focuses on the logistics enterprise, with one of many largest logistics portfolios of corporations in North America. It supplies a variety of transportation, warehousing, and distribution providers.
Of be aware, Mullen’s most up-to-date quarter was one which broke data — report income of $562 million elevated 5.6%, and its money from operations elevated 55% to $102 million. The outcomes have been pushed by acquisitions and these acquisitions are setting the corporate as much as be greater and higher within the years forward. Within the final 5 years, Mullen’s income has grown 71% to $2 billion in 2024.
This TSX inventory is a rising month-to-month dividend star.
Boston Pizza: A 6.16% yield for this month-to-month dividend payor
Lastly, Boston Pizza Royalties Revenue Fund (TSX:BPF.UN) is a prime informal eating model in Canada. It has an enormous community of native franchisee house owners that proceed to raise the model and its monetary energy. This monetary energy is clear within the fund’s December 2025 particular dividend fee of $0.11 per share. This fee was over and above its common month-to-month dividend. And it was made doable due to Boston Pizza’s robust monetary efficiency.
For the primary 9 months of 2025, complete income elevated 4.9% to $39 million, and earnings EPS elevated 23% to $1.46. Additionally, distributable money elevated 3.8% to $23.7 million. Lastly, Boston Pizza has been paying dividends for greater than 20 years. This eating staple continues to be a secure and dependable TSX month-to-month dividend inventory.
The underside line
The three TSX month-to-month dividend shares that I lined on this article all have just a few issues going for them — a powerful administration crew, strong companies with momentum, and excessive yields. Take into account including them to your portfolio for constant and dependable month-to-month earnings.
