Year-End List of Monthly Dividend Stocks (updated)

I have added over 25 additional stocks to my list of stocks [including closed end funds] that pay dividends monthly. The list now totals over 125 different monthly dividend payers. Monthly dividend stocks are useful for investors looking for regular periodic retirement income and they are useful for retirement plans due to faster compounding of money. This list includes closed end bond funds, Canadian royalty trusts, real estate investment trusts, oil income trusts, and other income trusts.

Due to requests from readers, I have sorted the list by yield, from highest to lowest. In addition, I have identified the Canadian trusts due to the tax withholding issue which can significantly affect the yield, especially with regard to holding these Canadian Oil Income Trusts in retirement plans (they all trade in the U.S.). The list shows the name of the stock, the stock market symbol, the yield, and if the stock is Canadian.

Advantage Energy Income Fund (AAV) 18.8% [Canada]
Enterra Energy Trust (ENT) 17.6% [Canada]
Harvest Energy Trust (HTE) 17.3% [Canada]
Canetic Resources (CNE) 17.2% [Canada]
Pengrowth Energy Trust (PGH) 15.1% [Canada]
Precision Drilling (PDS) 13.6% [Canada]
PrimeWest Energy Trust (PWI) 13.4% [Canada]
Boulder Growth & Income Fund Inc. (BIF) 12.6%
Penn West Energy Trust (PWE) 11.6% [Canada]
Provident Energy Trust (PVX) 11.5% [Canada]
PIMCO High Income Fund (PHK) 11.2%
Baytex Energy (BTE) 9.7% [Canada]
Eaton Vance CRD Opportunities (EOE) 9.7%
Enerplus Resources Fund (ERF) 9.7% [Canada]
Nuveen Equity Premium Advantage Fund (JLA) 9.5%
Nuveen Equity Premium Opportunity Fund (JSN) 9.5%
Nuveen Equity Premium Income Fund (JPZ) 9.0%
Eaton Vance Floating-Rate Income Trust (EFT) 8.9%
Eaton Vance Senior Floating Rate Trust (EFR) 8.8%
Pioneer High Income Trust (PHT) 8.8%
Van Kampen Senior Income Trust (VVR) 8.8%
ING GL Equity Dividend (IGD) 8.7%
Lehman Brothers First Trust Income Opp. (LBC) 8.7%
Scudder High Income Trust (KHI) 8.6%
Alpine Global Dynami (AGD) 8.4%
Eaton Vance Enhanced Equity Income Fund II (EOS) 8.4%
Nuveen Equity Premium Growth Fund (JPG) 8.4%
Van Kampen High Income Trust II (VLT) 8.3%
First Trust/Four Corners Senior Fltg Rate Inc. (FCM) 8.1%
Nuveen Preferred Convertible Income Fund 2 (JQC) 8.1%
Western Asset High Income Fund II Inc. (HIX) 8.1%
BlackRock Enhanced Dividend Achievers Trust (BDJ) 8.0%
Eaton Vance Senior Income Trust (EVF) 8.0%
Evergreen International Balanced Income Fund (EBI) 8.0%
United Dominion 8.5 (UDM) 8.0%
BlackRock Global Floating Rate Income Trust (BGT) 7.9%
Pimco Global Stocksplus Income Fund (PGP) 7.9%
Strategic Global Income Fund Inc. (SGL) 7.9%
BlackRock Limited Duration Income Trust (BLW) 7.8%
Blackrock World Investment Trust (BWC) 7.8%
Cross Timbers Royalty Trust (CRT) 7.8%
Eaton Vance Enhanced Equity Income Fund (EOI) 7.8%
Western Asset High Income Opportunity Fund (HIO) 7.8%
American Strategic Income Portfolio III (CSP) 7.7%
BlackRock Enhanced Government Fund, Inc. (EGF) 7.5%
Franklin Templeton Ltd. Duration Income Trust (FTF) 7.5%
Advent Claymore Convertible Secur. & Income (AVK) 7.4%
Nuveen Real Estate Income Fund (JRS) 7.4%
Western Asset Global High Income Fund Inc. (EHI) 7.3%
Scudder Multi-Market Income Trust (KMM) 7.1%
Gabelli Gold, Natural Resources & Income (GGN) 7.0%
ING Clarion Real Estate Income Fund (IIA) 7.0%
Scudder Strategic Income Trust (KST) 7.0%
ACM Government Opportunity Fund Inc. (AOF) 6.9%
Alliance World Dollar Government Fund II (AWF) 6.9%
Morgan Stanley Municipal Premium Income (PIA) 6.9%
Permian Basin Royalty Trust (PBT) 6.8%
RMR Real Estate Fund (RMR) 6.8%
Morgan Stanley Quality Municipal Income Trust (IQI) 6.7%
Aberdeen Asia-Pacific Income Fund Inc. (FAX) 6.6%
AIM Select Real Estate Income Fund (RRE) 6.5%
San Juan Basin Royalty Trust (SJT) 6.5%
Colonial Intermarket Income Trust 1 (CMK) 6.4%
Flaherty & Crumrine Preferred Income Opp. (PFO) 6.4%
Neuberger Berman Real Estate Securities Inc. (NRO) 6.4%
Van Kampen Income Trust (VIN) 6.4%
RMR Hospitality and Real Estate Fund (RHR) 6.3%
BlackRock Income Opportunity Trust, Inc. (BNA) 6.2%
Scudder RREEF Real Estate Fund II, Inc. (SRO) 6.2%
AEW Real Estate Income Fund (RIF) 6.1%
AmREIT (AMY) 6.1%
BlackRock Income Trust, Inc. (BKT) 6.1%
Gabelli Dividend & Income Trust (GDV) 6.0%
ING Clarion Global Real Estate Income Fund (IGR) 6.0%
Scudder RREEF Real Estate Fund Inc. (SRQ) 6.0%
MFS Multimarket Income Trust (MMT) 5.9%
BlackRock Municipal Income Trust (BFK) 5.8%
Gabelli Global Utility & Income Trust (GLU) 5.8%
Hugoton Royalty Trust (HGT) 5.8%
Morgan Stanley Insured Municipal Income (IIM) 5.8%
BlackRock Municipal Income Trust II (BLE) 5.7%
Morgan Stanley Municipal Income Opportunities (OIA) 5.7%
Real Estate Income Fund Inc. (RIT) 5.7%
Putnam Master Intermediate Income Trust (PIM) 5.6%
Putnam Premier Income Trust (PPT) 5.6%
Colonial Municipal Income Trust (CMU) 5.5%
Dreyfus Strategic Municipals Inc. (LEO) 5.5%
MFS Charter Income Trust (MCR) 5.5%
MFS Municipal Income Trust (MFM) 5.5%
Morgan Stanley Municipal Inc. Opp. Trust II (OIB) 5.5%
Realty Income Corp. (O) 5.5%
BlackRock California Municipal Income Trust (BFZ) 5.4%
BlackRock Florida Municipal Income Trust (BBF) 5.4%
Colonial High Income Municipal Trust (CXE) 5.4%
Morgan Stanley Municipal Inc. Opp. Trust III (OIC) 5.4%
Pioneer Municipal High Inc. Advantage Trust (MAV) 5.4%
Scudder Strategic Municipal Income Trust (KSM) 5.4%
BlackRock New York Municipal Income Trust (BNY) 5.3%
MFS Government Markets Income Trust (MGF) 5.3%
Putnam Managed Municipal Income Trust (PMM) 5.3%
BlackRock New Jersey Municipal Income Trust (BNJ) 5.2%
MFS Intermediate Income Trust (MIN) 5.2%
Pioneer Muncipal High Income Trust (MHI) 5.2%
Sabine Royalty Trust (SBR) 5.2%
BlackRock California Municipal Income Trust II (BCL) 5.1%
Morgan Stanley California Insured Municipal Inc. (IIC) 5.1%
BlackRock Florida Insured Municipal Income (BAF) 5.0%
Eaton Vance Municipal Income Trust (EVN) 5.0%
Inland Real Estate Corp. (IRC) 5.0%
Van Kampen Advantage Municipal Inc. Trust II (VKI) 5.0%
Van Kampen California Value Municipal Income (VCV) 5.0%
BlackRock Insured Municipal Income Trust (BYM) 4.9%
BlackRock New York Municipal Income Trust II (BFY) 4.8%
Eaton Vance Pennsylvania Municipal Income (EVP) 4.8%
BlackRock California Insured Municipal Income (BCK) 4.7%
BlackRock New York Insured Municipal Income (BSE) 4.7%
Eaton Vance Florida Municipal Income Trust (FEV) 4.7%
Eaton Vance Michigan Municipal Income Trust (EMI) 4.7%
Eaton Vance New York Municipal Income Trust (EVY) 4.7%
Eaton Vance Ohio Municipal Income Trust (EVO) 4.7%
Neuberger Berman Real Estate Income Fund (NRL) 4.7%
Van Kampen Massachusetts Value Muni Inc. (VMV) 4.7%
Eaton Vance California Municipal Income Trust (CEV) 4.5%
Eaton Vance New Jersey Municipal Inc. Trust (EVJ) 4.5%
Morgan Stanley Government Income Trust (GVT) 4.4%
Scudder Municipal Income Trust (KTF) 4.4%
Eaton Vance Massachusetts Municipal Income (MMV) 4.3%
Mesa Royalty Trust (MTR) 2.2%

Comments

[FrankGiaa]

Dividend stocks are a beautiful thing. The information about them
however is scattered across the web to where it is difficult to find
them and chose the right ones for your portfolio.
When you select them you want to diversify in different sectors. Also
one has to look ahead and avoid costly mistakes – 2 examples are:


A. Canadian energy royalty trusts – good monthly dividends right now,
but 2 things turned me away from these stocks:


1. You pay 15% foreign tax each month on the received dividend
2. Tax laws in Canada are changing in 2011 to start taxing the trusts
and to significantly increase the dividend tax the foreign investors
will be paying


B. US OIL royalty trusts – the problem here is that these stocks will
exist only until the property they are linked to has oil to produce.
Ones oil is gone trust disappears and so is your money. So you have to
cash out before that happens. I am not good at timing these events so
I decided to stay away.
So after doing my research on dividend paying stocks I chose these 6
sectors to get in:


Telecommunications, Energy, Financials, Tobacco, Oil/Drilling and
Shipping
I went with these stocks, that I believe will give me best long term
dividend returns: CEL, CPL, PM, DPO, IID, RSF, GDOCF, ITKSF and SDRLF


1. CEL - Cellcom Israel Ltd. (Cellcom) is a provider of cellular
communications services in Israel


2. CPL - CPFL Energia SA is a holding company engaged, through its
subsidiaries, in the distribution, generation and commercialization of
the electricity in Brazil


3. DPO - Dow 30 Enhanced Premium & Income Fund Inc. (the Fund) is a
diversified, closed-end management investment company. Monthly
dividend payer


4. IID - ING International High Dividend Equity Income Fund (the Fund)
is a non-diversified, closed-end management investment company. Pays
good monthly dividend


5. RSF - RMK Strategic Income Fund, Inc. (the Fund) is a diversified,
closed-end management investment company. Pays huge monthly dividend


6. GDOCF – A Bulk shipper with a huge dividend - www.goldenocean.no/.
Best thing – stock is still under $7. Frontline (FRO) spin-off child


7. ITKSF – A petroleum tanker Company, no dividend yet but surely one
is coming as it is a Frontline (FRO) child -
www.frontline.bm/repor.... Stock is
under 2 bucks, but it started trading just recently after Frontline
(FRO) spin off.


8. SDRLF – Deep water oil drilling Company - www.seadrill.com/,
good dividend projected to largely increase in 2009


9. PM – Philip Morris international – no introduction needed here.


One more thing to add – dividend stocks are great but any portfolio
needs also a growth stock piece as well. Stocks such as V, RIO, PBR,
UNP, etc. are a nice addition as well.


Well that is all and I hope it helps in your dividend hunting journey


Good luck and best regards.

[PNW]

Spot on, dividends are a beautiful thing. Two thoughts relative to your reservations about Canadian Royalty trusts.
1. Yes, they are taxable in 2011, but most (ERF for example) have enought tax credits currently in place to be effectively tax free for many years after 2011.
2. In 2011 the 15% tax withholding on the dividends by the Canadian Government for US tax payers does go away. Also, part of that withholding is refundabled when you file you tax return...amount depends on % the foreign dividends are of your total taxable income. And, even if you simply reduce the dividend by 15% you still have a dividend yield over 10% on many of the trust. Side note, if you happend to have owned the trusts for a number of years you have watch the value of the looney vs. the $ significantly increase the dividend yield. Some think futher looney appreciation is in the cards.


On May 31 02:07 AM FrankGiaa wrote:

> Dividend stocks are a beautiful thing. The information about them
>
> however is scattered across the web to where it is difficult to find
>
> them and chose the right ones for your portfolio.
> When you select them you want to diversify in different sectors.
> Also
> one has to look ahead and avoid costly mistakes – 2 examples are:
>
>
>
> A. Canadian energy royalty trusts – good monthly dividends right
> now,
> but 2 things turned me away from these stocks:
>
>
> 1. You pay 15% foreign tax each month on the received dividend <br/>2.
> Tax laws in Canada are changing in 2011 to start taxing the trusts
>
> and to significantly increase the dividend tax the foreign investors
>
> will be paying
>
>
> B. US OIL royalty trusts – the problem here is that these stocks
> will
> exist only until the property they are linked to has oil to produce.
>
> Ones oil is gone trust disappears and so is your money. So you have
> to
> cash out before that happens. I am not good at timing these events
> so
> I decided to stay away.
> So after doing my research on dividend paying stocks I chose these
> 6
> sectors to get in:
>
>
> Telecommunications, Energy, Financials, Tobacco, Oil/Drilling and
>
> Shipping
> I went with these stocks, that I believe will give me best long term
>
> dividend returns: CEL, CPL, PM, DPO, IID, RSF, GDOCF, ITKSF and SDRLF
>
>
>
> 1. CEL - Cellcom Israel Ltd. (Cellcom) is a provider of cellular
>
> communications services in Israel
>
>
> 2. CPL - CPFL Energia SA is a holding company engaged, through its
>
> subsidiaries, in the distribution, generation and commercialization
> of
> the electricity in Brazil
>
>
> 3. DPO - Dow 30 Enhanced Premium & Income Fund Inc. (the Fund) is
> a
> diversified, closed-end management investment company. Monthly <br/>dividend
> payer
>
>
> 4. IID - ING International High Dividend Equity Income Fund (the
> Fund)
> is a non-diversified, closed-end management investment company. Pays
>
> good monthly dividend
>
>
> 5. RSF - RMK Strategic Income Fund, Inc. (the Fund) is a diversified,
>
> closed-end management investment company. Pays huge monthly dividend
>
>
>
> 6. GDOCF – A Bulk shipper with a huge dividend - www.goldenocean.no/.
>
> Best thing – stock is still under $7. Frontline (FRO) spin-off child
>
>
>
> 7. ITKSF – A petroleum tanker Company, no dividend yet but surely
> one
> is coming as it is a Frontline (FRO) child -
> www.frontline.bm/repor.... Stock is
>
> under 2 bucks, but it started trading just recently after Frontline
>
> (FRO) spin off.
>
>
> 8. SDRLF – Deep water oil drilling Company - www.seadrill.com/,
>
> good dividend projected to largely increase in 2009
>
>
> 9. PM – Philip Morris international – no introduction needed here.
>
> needs also a growth stock piece as well. Stocks such as V, RIO, PBR,
>
> UNP, etc. are a nice addition as well.
>
>
> Well that is all and I hope it helps in your dividend hunting journey
>
>
>
> Good luck and best regards.
>
>

[Torrey]

PNW, your comment about the 15% withholding on dividends from Canadian companies to US persons ending as of 2011 is interesting. Where did you get that info? Thanks!