Best Monthly Dividend Stocks – Whitestone REIT
Dividend Yield: 7.5%
The next of our monthly dividend stocks is Whitestone REIT (WSR), a smaller REIT that specializes in shopping centers.
I should start by making one point very clear: While I like Whitestone, it is a very different kind of REIT than Realty Income or American Realty Capital Properties. Its property portfolio is far less geographically diversified (with properties in just three states), and it is a much smaller company by market cap ($341 million).
Still, despite its small size, Whitestone has been inking deals with some heavy hitters of late, including Walmart (WMT). And with the U.S. economy slowly shifting back into growth mode, Whitestone should decent rent growth going forward in its retail properties.
Whitestone currently yields a very attractive 7.5%. It’s worth noting, though, that the company has paid the same 9.5 cents per month since September of 2010.
I’m OK with that. As investors in monthly dividend stocks, we can collect that monthly dime per share indefinitely, reinvesting it to grow our share count.