Want a Big Monthly Dividend? Buy This Ultra-High-Yielding REIT.
Most companies make quarterly dividend payments. That makes it more challenging to match that passive income with recurring expenses. Investors must find dividend stocks on different quarterly cycles to align income with expenses.
Monthly dividend stocks can solve this dilemma. Among that group, EPR Properties (NYSE: EPR) stands out for its big-time dividend. The specialty REIT currently yields 7.9%. That's several times above the S&P 500's 1.6% dividend yield and almost double the average REIT.
EPR Properties focuses on owning experiential real estate. These properties include theaters, eat & play venues, attractions, ski resorts, fitness & wellness properties, experiential lodging, gaming properties, and cultural venues. The company also has a small portfolio of educational properties, including early childhood locations and private schools. The company has invested over $6.7 billion into 363 properties across 44 states and Canada. About 93% of its sites are experiential, while the rest are educational.
Source Fool.com
