Real Estate continues to be one of the best places for investors to find dividend income. This is especially true for stocks operating in the sector and structured as real estate investment trusts (REITs). High dividends and tax advantages await investors using REITs to get their real estate fix. And that includes our latest pick for our Best Monthly Dividend Stocks List.
Our pick is what’s called a mortgage REIT (mREIT). That is, it owns or lends money for the construction or purchase of real estate. This differs from REITs that own buildings and collect rents. Because of the difference in strategy, our pick is able to take advantage of short-term borrowing costs and longer-term loan rates to juice up its payout. In this case, our pick yields nearly 9%!
And with a monthly dividend and continued demand for its loans, our pick has plenty of cash flows and profits to keep that yield intact for the long term.
For investors, our pick’s niche and monthly dividend make an ideal selection for those needing a boost to their income.
To make room for this mREIT, we had to remove a business development company this week.
You can check out the Best Monthly Dividend Stocks List to explore all monthly dividend-paying stocks.
