5 Best Stocks That Pay Monthly Dividends

2. Shaw Communications Inc. (NYSE: SJR)

Number of Hedge Fund Holders: 23
Dividend Yield: 3.08%

Shaw Communications Inc. (NYSE: SJR) is a telecommunications company based in Canada. It offers telephone, internet, television, and mobile services to its consumers. The company ranks 2nd on our list of the best stocks that pay monthly dividends.

More hedge funds demonstrated an interest in Shaw Communications Inc. (NYSE: SJR)  in the second quarter of 2021, as 23 hedge funds out of the 873 tracked by Insider Monkey held stakes in the company in that quarter, worth roughly $697 million. This is compared to 21 hedge funds in the previous quarter with a total stake value of approximately $384 million.