Reliable Canadian Monthly Dividend Stocks for TFSA Retirement Income (TSX:EXE)

April 28, 2025 10:05 AM EDT | By Team Kalkine Media

Reliable Canadian Monthly Dividend Stocks for TFSA Retirement Income (TSX:EXE) — Image source: Shutterstock

Real Estate Sector: NorthWest Healthcare Properties REIT

NorthWest Healthcare Properties REIT specializes in owning and managing healthcare-related real estate, including hospitals, clinics, and medical office buildings. It maintains a diversified portfolio across Canada and internationally. The company distributes a monthly dividend, backed by stable occupancy rates and long-term leases with healthcare tenants. The defensive nature of healthcare real estate supports the REIT’s reliable income generation model.

Energy Infrastructure: Pembina Pipeline Corporation

Pembina Pipeline Corporation operates in the energy infrastructure sector, offering transportation and storage services for oil, natural gas, and natural gas liquids. The company holds long-term, fee-based contracts that contribute to predictable cash flow. Pembina distributes dividends monthly, supported by its integrated asset network and stable operations across key energy-producing regions in Canada.

Telecommunications: Shaw Communications

Shaw Communications operates in the telecommunications sector, providing internet, cable television, and wireless services primarily across Western Canada. Its revenue generation benefits from strong demand for connectivity services. Shaw Communications distributes a monthly dividend, underpinned by recurring service subscriptions and investments in network upgrades. The essential nature of communications services enhances its revenue stability.

Financial Services: Canadian Apartment Properties REIT (CAPREIT)

Canadian Apartment Properties REIT focuses on the ownership and management of residential rental properties across Canada. Its portfolio includes a mix of apartments, townhomes, and manufactured home communities. CAPREIT distributes a monthly dividend, supported by consistent rental income and high occupancy levels. The need for housing contributes to the reliability of its rental revenue streams.

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