3 Stocks That Pay You Each Month
Dividend stocks are a staple among income investors, but most of them make payments to shareholders only on a quarterly basis. For those seeking income for their monthly living expenses, stocks that pay dividends monthly are a lot more appealing. With that in mind, let's take a closer look at monthly dividend payers Apple Hospitality REIT (NYSE: APLE), San Juan Basin Royalty Trust (NYSE: SJT), and Solar Senior Capital (NASDAQ: SUNS) to see if they're worthy of a place in your dividend stock portfolio.
Travelers need a place to stay when they're on the road, and Apple Hospitality offers the basics through its portfolio of hotel properties. The real estate investment trust has roughly 30,000 guestrooms available at more than 200 hotels, most of which are select service properties that offer a more limited selection of services and amenities or extended-stay properties for long-term trips. By concentrating on these areas while partnering with well-known high-end hotel brands, Apple is able to profit from the brand awareness of its partners while keeping its costs to a minimum.
Apple Hospitality pays investors $0.10 per share on a monthly basis, and that amounts to a 6.6% dividend yield. That's relatively high even in the REIT space, but the high yield reflects the health of the business economy and the role that travelers play in it. If you believe that economic prospects look good, then Apple Hospitality should be a good way to keep getting solid income month in and month out.
Source: Fool.com
