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One of the most coveted elements of investing is receiving a dividend. That being said, not all stocks pay a dividend, and fewer can pay their dividends on a monthly cadence. Fortunately, there is one TSX dividend stock that pays a monthly dividend to consider right now.
That stock is Exchange Income Corporation (TSX:EIF) and here’s why you should invest in Exchange right now.
Meet Exchange Income Corporation
Most investors aren’t aware of Exchange or more specifically, how lucrative an investment Exchange is. For those unfamiliar with the stock, Exchange is an acquisition-focused company with over a dozen subsidiary companies.
Those subsidiaries are broadly classified into two segments comprising aviation and manufacturing. Both segments have two key features in common that are worth mentioning to prospective investors.
First, all of those subsidiaries generate free cash for the company. This is…
