Printed on February twenty sixth, 2026 by Bob Ciura
Month-to-month dividend shares have instantaneous attraction for a lot of revenue traders. Shares that pay their dividends every month provide extra frequent payouts than conventional quarterly or semi-annual dividend payers.
For that reason, we created a full record of over 100 month-to-month dividend shares.
You may obtain our full Excel spreadsheet of all month-to-month dividend shares (together with metrics that matter like dividend yields and payout ratios) by clicking on the hyperlink beneath:
Supply Rock Royalties, Ltd. (SRRRF) is a month-to-month dividend inventory with a excessive yield. This probably makes the inventory extra enticing for revenue traders searching for extra frequent dividend payouts.
This text will analyze Supply Rock Royalties in larger element.
Enterprise Overview
Supply Rock Royalties, is a pure-play oil and fuel royalty firm centered on buying high-netback pursuits throughout the Western Canadian Sedimentary Basin.
Working a capital-light, non-operating mannequin, the corporate generates top-line income via Gross Overriding Royalties (GORR), that are contractual slices of manufacturing from third-party working pursuits, and Price Title mineral pursuits, that are leased to operators for lessor royalties and signing bonuses.
Supply Rock’s portfolio is closely weighted (about 95%) towards mild and heavy oil manufacturing in southeast Saskatchewan and Alberta’s Clearwater play, with property operated by companions like Whitecap Sources and Rubellite Power.
The corporate stories its financials in CAD. All figures on this report have been transformed to USD except in any other case famous. Supply Rock has a market cap of simply ~$30 million and pays dividends on a month-to-month foundation.
It was based in 2012 and headquartered in Calgary, Canada. On December 1st, 2025, Supply Rock reported its Q3 outcomes for the interval ending September thirtieth, 2025.
Royalty income declined 25% yr over yr to $1.1 million, reflecting a 12% lower in common day by day manufacturing and a 14% decline in realized oil costs.
Adjusted EBITDA fell 21% yr over yr to $1.0 million, or $0.02 per share, whereas FFO fell 13% to $0.9 million, or $0.02 per share, as decrease commodity pricing greater than offset reductions in administrative bills.
Internet revenue grew yr over yr, with complete complete revenue of $0.3 million, translating to $0.01 per share, supported by decrease depletion and share-based compensation prices.
Development Prospects
Supply Rock’s historical past within the public market could be very quick, but very unstable because of the excessive fluctuations in world crude costs.
The ($0.08) loss in 2020 was the results of the COVID-19 pandemic, which precipitated a collapse in benchmark costs and compelled most of the firm’s operators within the Western Canadian Sedimentary Basin to close manufacturing.
This led to a major drop in royalty income and non-cash impairment expenses on their asset base.
The break even ends in 2021 and subsequent rise in 2022 was fueled by the post-pandemic worth rally and the corporate’s March 2022 IPO, which offered the capital to accumulate high-netback property within the Alberta Clearwater and southeast Saskatchewan Frobisher performs simply as costs had been peaking.
From 2023 ($0.03) to 2024 ($0.02), the corporate achieved record-breaking operational success, however EPS moderated attributable to accounting and tax headwinds.
In 2024, Supply Rock hit a document annual manufacturing of 251 boe/d (a 21% improve over 2023) and document income of $7.68 million.
Nevertheless, the bottom-line EPS was weighed down by considerably larger depletion expenses (as they produced extra from their expanded asset base) and a transition into a better money tax bracket.
Moreover, whereas manufacturing volumes hit all-time highs attributable to 43 new wells coming on-line in 2024, common realized costs softened barely (lowering from roughly $87/boe to $83/boe), which compressed the high-margin beneficial properties seen in the course of the 2022 worth spike.
Shifting ahead, we don’t forecast both progress or decline in EPS because of the inherent lack of management over third-party drilling timelines and the corporate’s strategic resolution to stay 100% un-hedged towards commodity worth swings.
Dividend & Valuation Evaluation
The dividend is presently lined by funds from operations (C$6 million final yr vs. C$3.5 million in dividends paid). Nevertheless, it exceeds EPS, which could show an issue long run, particularly if oil costs decline whereas reserves step by step deplete.
Supply Rock seems costly on a P/E foundation, as a result of excessive non-cash depletion expenses, accounting for the “utilizing up” of oil reserves, closely suppress internet revenue.
Valuing the corporate long run by way of its EPS is sensible given it’s vital for gauging sustainability, because it verifies that the corporate is actually worthwhile after accounting for the price of changing the finite oil it produces.
We consider the corporate ought to commerce at extra modest ranges, and at larger yield to compensate for the underlying dangers concerned.
With a P/E of 23.0, SRRRF trades above our truthful worth P/E estimate of 20. Due to this fact, a declining valuation a number of might cut back annual returns by 6.2% per yr.
Together with no anticipated EPS progress and the 8.7% dividend yield, complete anticipated returns are 3.0% per yr over the following 5 years.
Ultimate Ideas
Supply Rock Royalties is a high-margin, debt-free firm that provides pure-play oil publicity and a high-yield month-to-month dividend, however it’s best suited to traders are extremely conversant in the sector and able to navigate the inherent volatility.
We forecast annualized returns of three.0% over the medium time period as returns from the dividend could possibly be offset by valuation headwinds. We price the inventory a maintain, however cautious that the underlying enterprise fundamentals of the corporate are speculative.
Extra Studying
Don’t miss the assets beneath for extra month-to-month dividend inventory investing analysis.
And see the assets beneath for extra compelling funding concepts for dividend progress shares and/or high-yield funding securities.
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