Most stocks pay quarterly dividends, which is fine for many shareholders that reinvest dividends. However, many investors rely on dividends as part of a passive income stream, and getting a monthly dividend payout is more beneficial.
Real estate investment trusts, or REITs, are a great idea now, especially with the Federal Reserve likely done with rate hikes. REITs are a practical way to own commercial and residential real estate, and many pay among the best dividends of any asset class.
We screened our 24/7 Wall St. research database looking for REITs rated Buy at major Wall Street firms that also paid monthly dividends. We found five that look like great ideas for passive income-oriented investors looking for upside appreciation.
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