Monday, November 02, 2009

290 Stocks That Pay Dividends Monthly

Two years ago, when I first started tracking the monthly dividend stocks, there were over 350 different securities that paid monthly. Since that time, the number has dropped to 290 due to mergers and liquidations, but that is still plenty to choose from. Technically, these stocks are REITS, oil income trusts, and closed end funds, which pay dividends every month. The advantages to having monthly dividends versus quarterly or annual dividend stocks are:

1. Your invested capital is returned faster.
2. Compounding happens quicker.
3. There is generally less volatility.
4. Many of these pay tax free income.

Here are a few examples:

Calamos Convertible & High Income CHY 9.3%
Enerplus Resources Fund ERF 9.3%
BlackRock Senior High Income Fund ARK 9.1%
Nuveen Quality Preferred Income Fund JTP 9.1%
Reaves Utility Income Fund UTG 9.0%
DWS High Income Trust KHI 8.7%
MFS Intermediate Income Trust MIN 8.6%
Neuberger Berman Real Estate Securities Inc. NRO 8.6%
Cross Timbers Royalty Trust CRT 8.5%
Eaton Vance Tax Advantaged Dividend Income Fund EVT 8.5%

To see the entire list of 290 monthly dividend stocks, including 22 that have yields of 10% or more, go to


1 comment:

se7en said...

Thanks for the article.