Despite inflationary pressures, consumers are still spending on food, entertainment and experiences. Call it the COVID-19 snap-back, but this summer has been all about going out, and that has benefited our latest Best Monthly Dividend Stocks List pick. It’s made entertainment its main focus and that has benefited shareholders in the post COVID days with a hefty 7.5% monthly dividend!
Our pick owns buildings and properties covering movie theaters, restaurants and experiences like trampoline parks, ski resorts and fitness centers. This focus on experience has given our pick an edge over real estate groups operating in other markets.
Moreover, its niche is expected to grow as more Millennial and Gen Z consumers are willing to spend big on these sorts of services and activities. With its focus, our pick is expected to keep the growth going.
All in all, our pick offers a high-yielding monthly dividend payer in a very specialized niche real estate market.
In order to make room for our new entertainment REIT, we’ve been forced to reduce positions in both a mortgage lender and business development company.
You can check out the Best Monthly Dividend Stocks List to explore all the stocks.
