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Dennis McCain
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I am a dividend growth investor that seeks out companies with a long history of increases in revenue, earnings and dividends. I then enhance those dividends and increase my income through the use of a proactive option strategy. My goal is to create a stream of passive income that will provide me... More
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Dividends, Derivatives and a Camera
  • Monthly Dividend Payers 0 comments
    Jan 7, 2014 12:52 AM

    This article was first published on the website "Dividends, Derivatives and a Camera" under the title Monthly Dividend Payers.

    I always thought it would be great if the dividends I received were sufficient to pay all of my bills each and every month. It seems like a fairly easy thing to figure out. All I had to do is buy enough dividend paying stocks so that the dividends equaled the amount of money I owed on my recurring bills (electricity, water/sewage/garbage, cable/internet, and cell phone). Sounds simple but most companies pay quarterly dividends and my bills arrive monthly. If I could only budget my quarterly dividends well enough to ensure there was enough income to pay for my bills each month I would be satisfied. But it would be so much simpler if my dividends arrived on a monthly basis just like my bills. Luckily their are companies that pay dividends on a monthly basis rather than a quarterly basis. The advantages are obvious.

    Below is a list of 24 companies headquartered in the United States that pay dividends on a monthly basis. None of these companies will be found on the list of Dividend Aristocrats so due diligence must be taken before any investing is conducted. However, if monthly dividends are important, a closer look at the following companies may be in order.

    American Realty Capital Properties ARCP owns and acquires single tenant, freestanding commercial real estate that is net leased on a medium-term basis, primarily to investment grade credit rated and other creditworthy tenants. The company principally invests in retail and office properties. Company Website.

    Armour Residential REIT ARR invests in hybrid adjustable rate, adjustable rate and fixed rate residential mortgage-backed securities issued by or guaranteed by U.S. Government agencies. Company Website.

    BreitBurn Energy Partners BBEP engages in the acquisition, exploitation, and development of oil and gas properties in the United States. The company's properties include natural gas, oil, and midstream assets comprising fields in the Antrim Shale in Michigan, and the New Albany Shale in Indiana and Kentucky; the Evanston and Green River Basins in southwestern Wyoming, the Wind River and Big Horn Basins in central Wyoming, and the Powder River Basin in eastern Wyoming; the Permian Basin in Texas; the Los Angeles Basin in California; the Belridge Field in the San Joaquin Basin in California; and fields in Florida's Sunniland Trend. Company Website.

    Gas Natural EGAS engages in the distribution and sale of natural gas to residential, commercial, and industrial customers and distributes approximately 33 billion cubic feet (Bcf) of natural gas to approximately 69,000 customers through regulated utilities operating in Kentucky, Maine, Montana, North Carolina, Ohio, Pennsylvania, and Wyoming. Company Website.

    Fifth Street Finance FSC is a business development company specializing in investments in middle market, bridge financing, first and second lien debt financing, mezzanine debt, senior and junior secured debt, expansions, sponsor-led acquisitions, and management buyouts in small and mid-sized companies. Company Website.

    Full Circle Capital FULL invests primarily in asset-based senior secured loans and, to a lesser extent, mezzanine loans and equity securities issued by smaller and lower middle-market companies that operate in a diverse range of industries. Company Website.

    Gladstone Investment Corp GAIN invests in debt which primarily consist of three types of loans to small and medium sized businesses in the United States: senior term loans, senior subordinated loans, and junior subordinated loans. Company Website.

    Gladstone Capital Corp GLAD is a publicly traded business development company ("BDC") that pays monthly dividends to its stockholders and invests in small and medium sized private businesses, seeking to achieve returns from current income and capital gains through debt and equity investments. Company Website.

    Gladstone Commercial Corp GOOD is a real estate investment trust, that invests in and owns net leased industrial, commercial and retail real property and selectively makes long-term industrial and commercial mortgage loan. Company Website.

    Gladstone Land Corp LAND acquires farmland that it rents to corporate and independent farmers on a triple-net lease basis, an arrangement under which the farmer maintains the property while paying rent to Gladstone Land. Company Website.

    Horizon Technology Finance Corp HRZN provides secured loans to companies backed by established venture capital and private equity firms in the technology, life science, healthcare information and services, and cleantech industries. Company Website.

    Inland Real Estate Corp IRC is a real estate investment trust (REIT), engages in the ownership, operation, and development of shopping centers and single-tenant retail properties in the Midwest region of the United States. Company Website.

    Javelin Mortgage Investment Corp JMI is a real estate investment trust (REIT) that invests in mortgage backed securities and related investments. Company Website.

    Linn Energy LINE is an independent oil and natural gas company, engages in the acquisition and development of oil and natural gas properties. The company's properties are located in the Mid-Continent, the Hugoton basin, the Green River basin, the Permian basin, Michigan, Illinois, the Williston/Powder River basin, California, and East Texas. Company Website.

    LTC Properties LTC operates as a health care real estate investment trust (REIT) in the United States. It invests in senior housing and long term healthcare properties, including skilled nursing properties, assisted living properties, independent living properties, and combinations through mortgage loans, property lease transactions, and other investments. Company Website.

    Main Street Capital Corp MAIN is a business development company specializing in long- term equity, equity related, and debt investments in small and lower middle market companies. The firm focuses on investments in warrants, PIK (Payment in Kind) interest, convertible securities, junior secured or unsecured, subordinated loans, private equity, venture debt, mezzanine investments, mature, mid venture, industry consolidation, later stage, late venture, emerging growth, management buyouts, ownership transitions, recapitalizations, strategic acquisitions, business expansion, growth financing, and other growth initiatives primarily for later stage businesses. Company Website.

    PennantPark Floating Rate Capital PFLT is an externally managed investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. Company Website.

    Prospect Capital Corp PSEC is a business development company. It specializes in middle market, mature, mezzanine finance, later stage, emerging growth, buyouts, recapitalizations, turnaround, growth capital, development, cash flow term loans, and bridge transactions. Company Website.

    QR Energy QRE engages in the acquisition, exploitation, development, and production of oil and natural gas properties in the United States. As of December 31, 2012, the company's properties consisted of working interests in 4,527 gross producing wells located in Alabama, Arkansas, Florida, Kansas, Louisiana, Michigan, New Mexico, Oklahoma, and Texas. Company Website.

    Realty Income Corp O invests in the commercial real estate markets of the United States. Company Website.

    Solar Senior Capital SUNS is a business development company specializing in investments in leveraged, middle-market companies in the United States. The fund invests in the form of senior secured loans, including first lien, unitranche, and second lien debt instruments. Company Website.

    Vanguard Natural Resources VNR engages in the acquisition and development of oil and natural gas properties in the United States. It owns properties and oil and natural gas reserves primarily located in nine operating areas: the Arkoma Basin in Arkansas and Oklahoma; the Permian Basin in West Texas and New Mexico; the Big Horn Basin in Wyoming and Montana; the Piceance Basin in Colorado; South Texas; the Williston Basin in North Dakota and Montana; the Wind River Basin in Wyoming; the Powder River Basin in Wyoming; and Mississippi. Company Website.

    Wheeler Real Estate Investment WHLR engages in acquiring, financing, developing, leasing, owning, and managing real estate properties in the mid-Atlantic, southeast, and southwest United States. It acquires strip centers, neighborhood, grocery-anchored, community, and free-standing retail properties. The company leases its properties to national and regional retailers. Company Website.

    Whitestone REIT WSR is engaged in owning and operating commercial properties in culturally diverse markets in major metropolitan areas. Company Website.

    Disclosure: I am long PSEC, GAIN, LAND, BBEP, QRE, VNR, .

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