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Monthly dividend stocks have instant appeal for many income investors. Stocks that pay their dividends each month offer more frequent payouts than traditional quarterly or semi-annual dividend payers.

For this reason, we created a full list of over 100 monthly dividend stocks.

Gamehost Inc. (GHIFF) is a monthly dividend stock with a high yield. This potentially makes the stock more attractive for income investors looking for more frequent dividend payouts.

This article will analyze Gamehost in greater detail.

Business Overview

Gamehost is a hospitality and entertainment company headquartered in Red Deer County, Alberta. It owns and operates a portfolio of casinos, hotels, and food-and-beverage outlets across the province, focusing on mid-sized regional markets such as Calgary, Grande Prairie, and Fort McMurray.

Gamehost has three main segments: Gaming (slot machines, table games, and electronic gaming), Hotel (full- and limited-service accommodations), and Food & Beverage (restaurants, bars, and entertainment venues).

Its flagship properties include the Deerfoot Inn & Casino in Calgary, the Great Northern Casino and Service Plus Inns & Suites in Grande Prairie, and the Rivers Casino & Entertainment Centre in Fort McMurray.

Gamehost generated $57.3 million in revenues last year. Gamehost reports its financials in CAD. All figures in this report have been converted to USD unless otherwise noted.

On November 12th, 2025, Gamehost reported its Q3 results for the period ended September 30th, 2025. Total revenue was $14.4 million, down about 1% year-over-year, as softer table holds and weaker Grande Prairie hotel activity offset solid electronic gaming performance.

By segment, gaming contributed $7.2 million, food and beverage $2.7 million, and hotel operations $3.0 million. Operating margins was 40%, with net income of $3.6 million (stable YoY) and EPS of $0.18.

Management noted that profitability continued to benefit from the temporary 17% AGLC gaming-revenue share, which is set to expire in early 2026.

Gamehost continued to reduce debt and indicated expectations for stable performance through the rest of 2025 amid cautious consumer trends and the timing shift of its WSOP event to Q4.

Growth Prospects

From 2015 through 2019, Gamehost’s EPS reflected the broader fortunes of Alberta’s economy.

The 2015–2016 oil price collapse triggered a provincial recession that weighed on consumer spending across the company’s core markets of Calgary, Grande Prairie, and Fort McMurray.

The situation worsened in 2016 when the Fort McMurray wildfire forced months-long closure of the Boomtown Casino, cutting into volumes despite later insurance recoveries.

As oil activity stabilized, results improved modestly in 2017–2018, though lingering regional weakness and soft household spending kept growth muted. By 2019, the conditions were still challenging but manageable.

The onset of COVID-19 in 2020 led to an unprecedented collapse in EPS as government-mandated closures shuttered all casinos and hotels for months and forced suspension of dividends.

Once Alberta lifted restrictions in 2022, however, Gamehost’s operations rebounded sharply. Re-openings across all venues, pent-up gaming demand, and renewed travel lifted results back to and then above pre-pandemic levels, prompting the company to reinstate its monthly dividend.

Moving forward, we believe the company can grow EPS (and the dividend) at about 3% annually, supported by steady gaming demand in Alberta’s major markets, cost efficiencies, and stable hotel and F&B contributions, offset by wage and utility inflation and the expected rollback of the temporary AGLC gaming revenue share increase after 2025.

Dividend & Valuation Analysis

Gamehost maintains a conservative balance sheet, moderate leverage, and steady cash generation. Its competitive advantage lies in regional market dominance, owning some of the few full-service casino-hotel complexes in secondary Alberta cities such as Grande Prairie and Fort McMurray, where competition is limited and regulatory barriers are high.

While discretionary in nature, gaming in these markets tends to be locally driven and less reliant on tourism, giving the business a degree of resilience through economic cycles.

While a recession is likely to have an adverse impact on its results, Gamehost remained profitable during the pandemic despite severe revenue declines because of its low fixed-cost structure, government wage subsidies, and aggressive cost controls, including staff reductions and deferred capital spending.

We believe that Gamehost’s dividend is sustainable.

GHIFF stock trades for a P/E ratio of 11.9, which is above our fair value estimate of 10. The stock appears to be overvalued, given limited growth catalysts ahead, including flat gaming volumes, soft hotel demand, and the pending rollback of the temporary AGLC revenue-share increase.

A declining P/E multiple could reduce annual returns by 3.3% per year over the next five year. Offsetting this will be projected FFO-per-share growth of 3% per year, as well as the current dividend which yields 4.8%.

Putting it all together, total returns are estimated at 4.4% per year.

Final Thoughts

Gamehost remains a stable, cash-generative operator with strong local positions and reliable dividends.

However, with limited growth drivers and the AGLC revenue boost set to expire, upside appears modest, making the stock more of a steady income play than a growth opportunity.

We forecast annualized returns of 4.4% per year over the next five years. We rate Gamehost a hold.

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