High Yield of the Month

Parkland, Yellow and Sustainable Payouts

Parkland Income Fund (TSX: PKI-U, OTC: PKIUF) and Yellow Pages Income Fund (TSX: YLO-U, OTC: YLWPF) pay regular dividends that look as solid as anything on the market.

Dividend Income: Reasonable and Robust

A high yield often means buyer beware. Sometimes, however, you can pick up a quality business and sustainable cash stream.

A Little Glamor, A Lot of Growth

This theater operator brings some Hollywood glitz, but, like its High Yield counterpart this month, it packs a lot of cash flow for investors into what's proven a recession-resistant business.

A Dynamic Duo

This brave pair of high-dividend payers is each growing rapidly. Their relatively stable businesses make great foundations if you're focused on long-term wealth-building.

The No-Cut Conversion Craze

Bird Construction Income Fund's (TSX: BDT-U, OTC: BIRDF) decision to hold its payout steady was not a surprise. That natural-gas focused Paramount Energy Trust (TSX: PMT-U, OTC: PMGYF) will hold was a very pleasant shock.

Solid Ener-Prises

Enerplus is Canada’s oldest income trust, and management fought as hard as anyone to keep the sector’s favorable tax laws in place. The affirmation of its dividend in the face of new taxes is further proof that, although the laws have changed, Enerplus’ pro-investor policies will endure.

Cornerstones for 2011

Beating expectations is the key for growing, healthy trusts converting to corporations as they set their future dividends.The good news is expectations have basically been abysmal since Halloween night 2006.

Change You Can Count On

Both of the January 2010 High Yield of the Month selections are longtime Canadian Edge Portfolio holdings. Both have also recently undergone transformations that have made them very attractive going into 2010.

Upside Surprises

December's High Yield of the Month picks are cheap, dish out high yields, and sell at steep discounts to the value of their assets. With both trusts backed by healthy, growing businesses and solid balance sheets, there’s a lot of room for upside surprises.

Something Old, Something New

It’s still a golden opportunity to buy healthy, growing companies that have weathered the worst recession in decades, and at low prices we’re unlikely to see again.