For income investors who want to use the “buy-and-hold” strategy, few things are better than monthly dividends. The problem is that among the thousands of companies trading on U.S. stock exchanges, only a very small subset offers monthly distributions. In this article, we are going to take a look at a top monthly dividend stock that is currently yielding 5.24%...
The company in question is Stag Industrial Inc (NYSE:STAG), which is a real estate investment trust (REIT) headquartered in Boston, Massachusetts. As its name suggests, the company specializes in industrial properties. Now, I know what you are thinking: if an investor is looking to generate a steady stream of income from a monthly dividend stock, shouldn’t they consider retail REITs or residential REITs? Well, while industrial REITs may not have the best reputation when it comes to providing recession-proof income, Stag Industrial stock could represent a unique opportunity.
Source: Income Investors
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