As the saying goes, “there are riches in niches.” You can often find opportunities and big dividends by seeking out the specialists in growing markets. And that’s the case for our Best Monthly Dividend Stocks List pick.
Our pick operates in the red-hot housing and commercial real estate market. The firm provides capital for residential multi-family construction and other commercial developments. The key is that our pick is a so-called hard money lender. It’s a specialized and growing niche. Because of that, our pick has been able to support its high dividend through robust cash flows and increasing demand for its lending products.
With housing still at record shortage levels and demand rising, our pick has a long runway to keep the growth going. Construction activity is vigorous, to say the least.
And thanks to the fact that it is taxed as a real estate investment trust (REIT), its growth is able to go right into investors’ pockets via high dividends. Currently, our pick pays over 9%, and it does so on a monthly basis. The stock is expected to go ex-dividend on March 1 (estimated date).
You can check out the Best Monthly Dividend Stocks List to explore all monthly dividend-paying stocks.
