5 Best Monthly Dividend Stocks in 2021

3. Shaw Communications Inc. (NYSE: SJR)

Shaw Communications Inc. (NYSE: SJR) is a Calgary-based communications firm providing voice, data, broadband, video and other home services like telephone connectivity. It has a market cap of over $13 billion and posted more than $4 billion in revenue in August 2020. The firm has a dividend yield of 3.5% but a negative three-year dividend growth rate. The monthly dividend yield has remained above 4% for most of the past five years. Shaw Communications is listed third on our list of 10 best monthly dividend stocks for 2021. 

At the end of the fourth quarter of 2020, 19 hedge funds out of 887 in the Insider Monkey database held stakes in General Electric, up from 13 out of 817 in Q3 2020. The total value of the shares held by these hedge funds in Q4 2020 was over $143 million, up from $111 million in the preceding quarter. Out of the hedge funds being tracked by Insider Monkey, Renaissance Technologies held the most shares – 3,593,425- worth more than $63 million. Two Sigma Advisors was 2nd with 1,375,590 shares worth almost $23 million.