News about <![CDATA[PBT]]> News about en-us <![CDATA[Biotech Watchlist 2013 Update: Exciting Ideas Have Explosive Potential]]> <![CDATA[Dividend Payout Changes for Mar.19]]> <![CDATA[Dividend Payout Changes for Feb.19]]> <![CDATA[Dividend Payout Changes for Jan.22]]> <![CDATA[Dividend Payout Changes for Dec.21]]> <![CDATA[Dividend Payout Changes for Nov.20]]> <![CDATA[Dividend Payout Changes for Sept.19]]> <![CDATA[Dividend Highlights/Lowlights for Aug.29]]> <![CDATA[Dividend Payout Changes for July 23]]> <![CDATA[Seven demographic trends to buy now]]> <![CDATA[Top Monthly Dividend Stocks]]> securities that pay monthly, most with very high yields. Technically, these stocks are real estate investment trusts, oil income trusts, closed end bond funds, and closed end income stock funds, which pay dividends every month. The advantages to having monthly dividends versus quarterly or annual dividend stocks are that your invested capital is returned faster, compounding happens quicker, and there is usually less volatility. As an added feature, many of these pay tax free income.

Here is a random selection of the hundreds to chose from:

Baytex Energy (BTE) 6.3%
Blackrock Apex Municipal Fund Inc. (APX) 6.0%
Calamos Convertible & High Income (CHY) 8.5%
Evergreen International Balanced Income (EBI) 6.0%
Hugoton Royalty Trust (HGT) 8.1%
LMP Real Estate Income Fund Inc. (RIT) 8.2%
Permian Basin Royalty Trust (PBT) 8.6%
Reaves Utility Income Fund (UTG) 7.2%
Western Asset High Income Opportunity Fund (HIO) 9.5%

Some things to keep in mind when you are doing your due diligence and analysis on these investments. Be careful of the ones with high management fees, watch out for the ones with limited liquidity and which trade very few shares on a daily basis, and if you invest in the municipal bond closed end funds, make sure you know the consequences of the Alternative Minimum Tax. You also want to find the ones that trade at a discount to Net Asset Value, and avoid the ones using excessive leverage.

To see the latest updated list of over 280 monthly dividend stocks, including several that have yields of 10% or more, go to Remember, the very high yields may not be sustainable.

Author does not own any of the above.