Back in February I wrote an article on REITs that pay monthly dividends and since that time, a few new REITs have been added to my research lab. Notably, former non-traded REITs, United Development Funding (UDF) andNew York Recovery Trust (NYRT) recently listed shares, and I also added Canadian REIT, WPT Industrial (TSX: WIR.U) (OTCQX:WPTIF) to my coverage universe. In total, I’m now tracking a growing list of 17 REITs (all that own property in the US).
In this article I’ll provide you with an updated list of these 17 REITs that pay monthly; however, I wanted to first provide you with a few critical advantages to owning and investing in dividend stocks that pay monthly. Starting in July I will be adding a new column in my newsletter called the “The REIT Paying Monthly Report” in which I will rank the group of frequent payers based on dividend safety and predictability.