The ongoing turbulence in the equity markets has dragged oil prices lower as investors worry about an upcoming recession. However, the drawdown in share prices has elevated the dividend yields of several TSX energy stocks in April 2025.
One such Canadian dividend stock with a monthly payout is Freehold Royalties (TSX:FRU), which offers a yield of almost 10%. Freehold Royalties manages one of North America’s largest non-government oil and gas royalty portfolios, spanning 6.2 million acres in Canada and 1.1 million drilling acres in the U.S.
With interests in over 18,000 producing wells and revenue from +380 operators, Freehold benefits from industry drilling without paying capital, operating, or restoration costs. This diverse portfolio reduces risk while allowing Freehold to focus on strategic acquisitions and shareholder value creation.
Is the TSX dividend stock a good buy right now?
Freehold Royalties delivered strong results…
