The 6% Dividend Stock That Pays Every. Single. Month.

Stock: Boston Pizza Royalties Income Fund (TSX: BPF.UN)

Boston Pizza Royalties Income Fund (TSX: BPF.UN) is a royalty fund tied to franchise sales from Boston Pizza restaurants across Canada. Unlike a traditional restaurant operator, it earns royalty income from system sales and distributes available cash to unitholders, which helps explain why it has become a favorite among monthly-income investors. In early April, the fund announced a 3.3% increase to its monthly cash distribution, lifting it to $0.124 per unit, the highest rate in its history.

Despite an exciting bull run, gold fell 25% from its January peak.

Bloomberg's Marcus Ashworth said it this week: "No more reliable safe havens."

But Masterworks has been offering fractional investments well outside the norm. Typically those exclusive to the ultra-wealthy.

One of those was an Elizabeth Peyton painting. Total net return to hundreds of their members: 22.9%. Typically 3-10 years, this rare turnaround took just a few weeks.

That's sale number 27. Net annualized returns on sales like 14.6%, 17.6%, 17.8%.

So, despite macro turmoil, the art market has been trending up.

U.S. auction sales jumped 23.1% last year. The $1mm-$5mm segment grew 40.8% in value.

Few people know this. But postwar and contemporary art grew 10.2% annually with near-zero correlation with the S&P 500 over the last 30 years.*

Masterworks lets you invest in shares of works featuring Banksy, Basquiat, Picasso, and more.

70,000+ members. $1.3 billion across 525+ works.

Skip the waitlist

^{*According to Masterworks data. Investing involves risk. Past performance not indicative of future returns. See important disclosures at masterworks.com/cd.}

Quick Take: This is an income-first stock with a strong recent run, a forward yield around 5.8% to 6%, and a newly raised monthly payout. It is not a high-growth rocket, but it does offer a simple, cash-generating business model backed by franchise sales and a long distribution history.

Read: This is another smaller TSX income name where investors often lean less on analyst coverage and more on three things: distribution growth, franchise sales trends, and payout sustainability. The recent distribution increase is a meaningful signal because management explicitly tied it to strong financial performance and a growing cash balance.

This is not a stock where investors are chasing aggressive forecasted EPS growth. The more relevant growth story is system sales growth, cash flow growth, and distribution growth, all of which have been moving in the right direction lately.

For an income investor, that mix is attractive: a decent yield, conservative leverage relative to many high-income vehicles, and a demonstrated willingness to raise the payout when system sales support it.

This is a stock with very strong recent momentum, but it is also trading very close to its 52-week high. That makes it attractive from a trend perspective, though not obviously “cheap” on a chart basis.

Knowing when to retire means knowing what it costs, how long your money needs to last, and where the income comes from. When to Retire: A Quick and Easy Planning Guide helps investors with $1,000,000 or more work through all of it.

Download your free guide.

Boston Pizza Royalties Income Fund (TSX: BPF.UN) looks like exactly what the headline promises: a monthly-paying income stock with a yield around 6%, a newly raised distribution, and a straightforward royalty model. It is not a hidden growth stock. It is a cash-distribution story. For investors building a dependable monthly-income sleeve, that can be more than enough.

The Wealth Awesome Team