In April 2020, the COVID-19 pandemic caused an unemployment rate of 14.8 percent, the highest since 1948. Dividend investment might be a lifeline for persons who are temporarily out of work owing to unpredictable and volatile labor markets.
Insider Monkey discusses the 10 monthly dividend stocks with over 5% yield. EPR Properties is an American real estate investment trust headquartered in Kansas City, Missouri. It invests in a variety of entertainment venues, including movie theaters, amusement parks, ski resorts, and other amusement parks. With a yield of nearly 5%, EPR Properties is one of the top ten monthly dividend stocks. With a dividend yield of 6.81 percent, LTC Properties, Inc. is one of the finest monthly dividend stocks on the list. By the conclusion of the second quarter, Insider Monkey had identified ten hedge funds with a $9 million investment in LTC Properties. Cross Timbers Royalty Trust is a United States corporation that owns approximately 90% of the net profits interests in multiple royalty and overriding royalty interest assets in Texas, Oklahoma, and New Mexico. XTO Energy owns the underlying non-producing royalties and working interest properties. Broadmark Realty Capital Inc. offers first deed of trust loans secured by real estate for short periods. On August 9, the firm reported $0.18 in actual FFO for the second quarter, missing goal projections by -$0.02. With an 8.54 percent dividend yield, PennantPark Floating Rate Capital Ltd. is one of the best monthly dividend stocks. On August 4, the actual net interest income for the second quarter was $0.27, as expected by analysts. For more details, click 10 Monthly Dividend Stocks With Over 5% Yield.
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