Eight Monthly Dividend Stocks

There are plenty of stocks, including closed end funds, real estate trusts, master limited partnerships, and oil royalty trusts, which pay their dividends monthly. Lots of advantages are available with receiving monthly dividends including acceleration the investors' return of capital, faster compounding if the dividends are reinvested, provides a steadier cash flow, generally lower volatility, and some of the yields are partially or completely tax free.

At WallStreetNewsNetwork.com, they provide a downloadable list of over 300 monthly monthly dividend stocks. Here are a few examples of some with yields over 9%:

• Precision Drilling (PDS) yields 14.3%
• Reaves Utility Income Fund (UTG) yields 13.9%
• Van Kampen Senior Income Trust (VVR) yields 12.9%
• Advent Claymore Convertible Securities & Income (AVK) yields 11.8%
• Aberdeen Asia-Pacific Income Fund Inc. (FAX) yields 10.0%
• PIMCO Municipal Income Fund III (PMX) yields 9.9%
• Realty Income Corp. (O) yields 9.7%
• Sabine Royalty Trust (SBR) yields 9.7%

To see an Excel spreadsheet with the rest of the monthly dividend stocks, click here.

Disclosure: Author does not own any of the above.

Comments

[Ryan Vanzo:]

PDS suspended their dividend

Mar 09 10:57 AM

[Xyrus:]

Better check to make sure that dividend doesn't include return of capital. A 10% yield means nothing if 7% of that yield is depleting the capital resources of the stock/fund itself.

~X~

Mar 09 01:57 PM

[Edit or perish:]

"...monthly monthly dividend stocks."


"advantages are available with receiving monthly dividends including acceleration [sic] the investors' return of capital..."

If you're being paid a distribution which is a return of capital, how is that a good thing and why would you want to accelerate it?

Mar 09 08:57 PM

[DownOnMyLuck:]

On Mar 09 08:57 PM Edit or perish wrote:

>
> If you're being paid a distribution which is a return of capital, how is that a good thing and why would you want to accelerate it?

You get your investment back and still own the asset.

Mar 10 09:59 AM

[phileotruth:]

PDS should not be on this list as of April 2009. Its dividend was suspended earlier this year and has yet to be reinstated.

If anyone can provide a link to the contrary, please post.

Apr 03 01:27 PM

[PeteK:]

Dividends come & go, depending on the economy.
Like the shipping companies, in good time, they really take excellent care of share holders with big dividends. PDS too, so, can't judge it base on nowaday's situation. At today's price, it's a steal.

Apr 11 01:43 AM

[User 383708:]

On Mar 10 09:59 AM DownOnMyLuck wrote:

> Yes, you still own it, but your cost basis has declined, so you will have greater capital gain (and more tax to pay) when/if you sell, than without the 'return of capital.' In fact, held long enough, your cost basis declines to zero, at which time you owe capital gain tax even if you don't sell, and you 'reset' your cost basis... all this info per my K-1 instructions from Pengrowth, which I need to haven't had time to understand completely... any help out there??

Apr 15 05:01 PM