Discover a 7.6% Dividend Stock Offering Monthly Cash Payouts

Rowan Ashford

Published: February 14, 2026 7:52 PM ET

Investors seeking reliable passive income often prefer stocks that provide monthly cash payouts. Most dividend stocks operate on a quarterly schedule, making companies that offer monthly payments more appealing, especially for retirees or those looking to reinvest immediately. Finding a company that can consistently afford monthly dividends is crucial. Firms with stable production and disciplined financial practices are generally more capable of supporting generous payouts.

Discover a 7.6% Dividend Stock Offering Monthly Cash Payouts

One noteworthy candidate for income investors is Cardinal Energy (TSX:CJ), based in Calgary, Canada. This company focuses on oil and natural gas assets in Western Canada and offers an annual dividend yield exceeding 7.6%. Its reliable monthly cash payouts are particularly attractive for shareholders.

Cardinal Energy: A Steady Performer

Cardinal Energy distinguishes itself with a low-decline production profile. Its wells maintain output more effectively than many competitors, allowing the company to minimize aggressive spending just to sustain production levels. This attribute supports a robust free cash flow and a reliable dividend.

Average production: 20,772 barrels of oil equivalent per day in Q3 2025.
Product mix: Light oil, medium and heavy oil, natural gas liquids, and conventional natural gas.

These operational strengths have influenced Cardinal’s stock performance. Over the past year, the stock price has surged nearly 50%, currently trading at approximately $9.47. With a market capitalization around $1.6 billion, it remains appealing to dividend-seeking investors.

Financial Health and Cash Flow

In the most recent quarter, Cardinal Energy generated revenues of $127 million from petroleum and natural gas. Its adjusted funds flow totaled $47.3 million. Although this figure reflects a 28% year-over-year decline, it primarily stems from a 13% drop in realized commodity prices and a slight decrease in production. Nevertheless, the financial standing remains positive.

Net operating expenses: $24.05 per barrel of oil equivalent, showing a 1% year-over-year improvement.
Development capital expenditures: Reduced by 21% year over year to $26.3 million.

Promising Growth Prospects Ahead

Looking towards the future, Cardinal Energy anticipates growth from its Reford steam-assisted gravity drainage (SAGD) thermal project in Saskatchewan. This project, which recently moved into production, required an investment of $14.4 million in the third quarter and has been completed under budget and ahead of schedule. Early results indicate promising reservoir performance.

With a forecasted US$65 per barrel West Texas Intermediate (WTI) price, Cardinal expects to generate approximately $100 million in adjusted funds flow from the additional production this year. This influx of cash could further reduce the company’s breakeven point and enhance dividend coverage, allowing for flexibility in debt management or reinvestment in growth initiatives.

As Cardinal Energy continues to demonstrate solid operational metrics and financial discipline, it stands out as a top choice for those interested in monthly dividend stocks in 2026 and beyond. For more insights into dividend stocks and investment strategies, visit Filmogaz.com.