59 High-Yielding Equities With Monthly Distributions, Part IV: 7% To 7.5% Yields

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 |  Includes: CMU, CXE, MFM, PMM, SJT, VCV, VKI
by: Epsilon

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Below is a list of equities with 7% to 7.5% annual dividend yield whose dividends are distributed monthly (sorted by dividend yield):

1. Inland Real Estate Corp. (NYSE:IRC) is retail real estate investment trust (REIT) that offers a 7.49% dividend yield, distributed monthly. Market cap stands at $676.83 million with 2.12% insider ownership and 79.01% institutional ownership. The next ex-dividend date, the date on which an investor must own the equity to receive the dividend payout, has not yet been declared, but will likely be in the fourth week of January 2012. The stock is currently 5.42% above its 50-day simple moving average (NYSE:SMA) and 3.83% below its 200-day SMA.

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2. MFS High Yield Municipal Trust (NYSE:CMU) is a closed-end fund that offers a 7.39% dividend yield, distributed monthly. Market cap stands at $132.40 million with 32.08% insider ownership and 2.05% institutional ownership. The next ex-dividend date has not yet been declared, but will likely be in the second week of January 2012. The stock is currently 3.89% above its 50-day SMA and 10.52% above its 200-day SMA.

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3. MFS High Income Municipal Trust (NYSE:CXE) is a closed-end fund that offers a 7.18% dividend yield, distributed monthly. Market cap stands at $167.99 million with 6.46% insider ownership and 10.12% institutional ownership. The next ex-dividend date has not yet been declared, but will likely be in the second week of January 2012. The stock is currently 6.56% above its 50-day SMA and 13.87% above its 200-day SMA.

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4. San Juan Basin Royalty Trust (NYSE:SJT) is an independent oil and gas company that offers a 7.12% dividend yield, distributed monthly. Market cap stands at $1.06 billion with 0.03% insider ownership and 24.55% institutional ownership. The next ex-dividend date has not yet been declared, but will likely be in the fourth week of January 2012. The stock is currently 4.19% below its 50-day SMA and 3.37% below its 200-day SMA.

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5. Invesco Van Kampen California Value Municipal Income Trust (NYSE:VCV) is a closed-end fund that offers a 7.09% dividend yield, distributed monthly. Market cap stands at $284.68 million with 13.01% insider ownership and 1.30% institutional ownership. The next ex-dividend date has not yet been declared, but will likely be in the second week of January 2012. The stock is currently 2.01% above its 50-day SMA and 10.65% above its 200-day SMA.

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6. Putnam Managed Municipal Income Trust (NYSE:PMM) is a closed-end fund that offers a 7.07% dividend yield, distributed monthly. Market cap stands at $429.45 million with 0.01% insider ownership and 7.19% institutional ownership. The next ex-dividend date is on January 20th, 2012. The stock is currently 0.16% below its 50-day SMA and 5.46% above its 200-day SMA.

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7. MFS Municipal Income Trust (NYSE:MFM) is a closed-end fund that offers a 7.09% dividend yield, distributed monthly. Market cap stands at $290.87 million with 8.92% insider ownership and 12.60% institutional ownership. The next ex-dividend date has not yet been declared, but will likely be in the second week of January 2012. The stock is currently 2.82% above its 50-day SMA and 9.75% above its 200-day SMA.

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8. Invesco Van Kampen Advantage Municipal Income Trust II (NYSEMKT:VKI) is a closed-end fund that offers a 7.03% dividend yield, distributed monthly. Market cap stands at $551.98 million with 1.17% insider ownership and 4.06% institutional ownership. The next ex-dividend date has not yet been declared but will likely be in the third week of January, 2012. The stock is currently 2.25% above its 50-day SMA and 9.05% above its 200-day SMA.

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Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in CMU, CXE, VCV, SJT, PMM, MFM, VKI over the next 72 hours.

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