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The Bank of Canada has slashed interest rates twice this year, and investors are hoping for one more rate cut. Amid falling interest rates, investing in monthly-paying dividend stocks would be an excellent strategy to earn a stable passive income. Meanwhile, the following four stocks pay dividends monthly and are trading under $20.
Pizza Pizza Royalty
Pizza Pizza Royalty (TSX:PZA) has adopted an asset-light business model, operating 774 Pizza Pizza and Pizza 73 brand restaurants through franchisees. It collects royalties from franchisees based on their sales. So, its royalty pool income is not susceptible to rising prices and wage inflation, thus generating stable and predictable cash flows.
After reporting positive same-store sales for the previous 12 quarters, PZA’s same-store sales fell 3.9% in the June-ending quarter. The company’s management has blamed challenging macro factors for the decline….
