TSX:SJR.B: Supplement Your Monthly Income With These 3 TSX Stocks

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Shaw Communications

Shaw Communications (TSX:SJR.B)(NYSE:SJR) is another such TSX stock that has consistently paid monthly dividends over the past several years. Shaw Communications’s forward yield stands at 5.2% and remains safe, thanks to its recession-proof business and consistent growth in wireless subscriber base.

Shaw Communications’s smart pricing and packaging have enabled it to grow its wireless customer base fast. Moreover, its wireless segment’s ABPU and ARPU continue to grow, despite the heightened competitive activity. Investors should note that Shaw Communications’s dividends remain steady, despite the company’s strong capital investments.

The telecom company has managed to report higher EBITDA in the first half of fiscal 2020, with its margins expanding by 240 basis points. Given the steady growth in its wireless subscriber base and improving margins, Shaw Communications expects its free cash flows to mark healthy growth in 2020, which should support its payouts. 

Further, Shaw Communications’s billions of dollars of investments in spectrum and network infrastructure should help the company in increasing its dividends in the future.