Motley Fool Canada (CA)

An 7.5% yield, paid monthly.

Canada’s inflation rate remains high, meaning you’re effectively losing money by investing in most GICs, or worse, leaving your money in a so-called “high interest” savings account.

That’s why we’re banging on the table for investors to pick up shares of what we think is one of the best dividend stocks in Canada – a top TSX passive income producer.

Here’s what you should know:

It has a sky-high dividend yield of 7.5% right now– that makes it an inflation beater!

It pays monthly – meaning a dividend payment hits your account every month.

It’s trading at what looks like a great price – but who knows for how much longer?

And here’s the best part… we’re giving this dividend stock pick away for FREE today to every new member of Stock Advisor Canada.

For less than $2 a week, it's the greatest bargain in the financial industry in my opinion. Especially considering it's backed by our 30-day membership-fee-back guarantee.

Want a dividend stock you can add to your portfolio today to lock in an +7% yield, paid monthly? Click the button below to learn more!

Returns as of March 25, 2024.