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<< Return to Part IV

Below is a list of equities with 6.5% to 7% annual dividend yield whose dividends are distributed monthly (sorted by dividend yield):

1. BlackRock Municipal Income Trust (NYSE:BFK) is a closed-end fund that offers a 6.89% dividend yield, distributed monthly. Market cap stands at $620.91 million with 4.04% insider ownership and 2.62% 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 second week of January 2012. The stock is currently 1.78% above its 50-day simple moving average (NYSE:SMA) and 8.96% above its 200-day SMA.

2. Putnam Master Intermediate Income Trust (NYSE:PIM) is a closed-end fund that offers a 6.85% dividend yield, distributed monthly. Market cap stands at $332.33 million with 11.78% insider ownership and 31.06% institutional ownership. The next ex-dividend date is January 20th, 2012. The stock is currently 3.37% above its 50-day SMA and 4.60% below its 200-day SMA.

3. Eaton Vance Senior Floating Rate Trust (NYSE:EFR) is a closed-end fund that offers a 6.84% dividend yield, distributed monthly. Market cap stands at $485.61 million with 18.29% insider ownership and 34.31% institutional ownership. The next ex-dividend date has not yet been declared, but will likely be in the fourth week of Januaruy 2012. The stock is currently 3.10% above its 50-day SMA and 1.89% below its 200-day SMA.

4. Sabine Royalty Trust (NYSE:SBR) is a diversified investments company that offers a 6.78% dividend yield, distributed monthly. Market cap stands at $919.27 million with 9.37% 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 3.22% below its 50-day SMA and 0.77% above its 200-day SMA.

5. Eaton Vance Floating-Rate Income Trust (NYSE:EFT) is a closed-end fund that offers a 6.75% dividend yield, distributed monthly. Market cap stands at $533.34 million with 19.60% insider ownership and 38.64% 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 1.02% above its 50-day SMA and 3.07% below its 200-day SMA.

6. DWS Strategic Municipal Income Trust (NYSE:KSM) is a closed-end fund that offers a 6.65% dividend yield, distributed monthly. Market cap stands at $153.32 million with 0.08% insider ownership and 3.39% 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 5.10% above its 50-day SMA and 13.32% above its 200-day SMA.

7. Dreyfus Strategic Municipals Inc. (NYSE:LEO) is a closed-end fund that offers a 6.61% dividend yield, distributed monthly. Market cap stands at $544.78 million with 6.09% insider ownership and 5.21% institutional ownership. The next ex-dividend date is on January 11th, 2012. The stock is currently 3.70% above its 50-day SMA and 11.09% above its 200-day SMA.

8. BlackRock Municipal Income Trust II (NYSEMKT:BLE) is a closed-end fund that offers a 6.59% dividend yield, distributed monthly. Market cap stands at $354.24 million with 5.85% 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 4.81% above its 50-day SMA and 11.99% above its 200-day SMA.

9. Invesco Quality Municipal Income Trust (NYSE:IQI) is a closed-end fund that offers a 6.58% dividend yield, distributed monthly. Market cap stands at $315.97 million with 9.75% 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 3.23% above its 50-day SMA and 10.92% above its 200-day SMA.

Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in PIM, BFK, SBR, EFR, EFT, LEO, KSM, IQI, BLE over the next 72 hours.

Continue to Part VI >>

Source: 59 High-Yielding Equities With Monthly Distributions, Part V: 6.5% To 7% Yields