While Robinhood offers a variety of REITs (Real Estate Investment Trusts), it's important to note that REITs that specifically pay monthly dividends are relatively rare.
Most REITs distribute dividends on a quarterly basis. However, there are a few REITs available on Robinhood that may offer monthly dividends, depending on market conditions and the specific REIT's dividend policy.
Here are some popular REITs that have historically paid monthly dividends:
Realty Income is a well-known REIT that focuses on commercial real estate properties. It has a long history of paying monthly dividends and is even referred to as "The Monthly Dividend Company" by some.
Global Net Lease is a REIT that invests in commercial properties leased to high-quality tenants globally. While not specifically marketed as a monthly dividend REIT, it has paid monthly dividends in the past.
This REIT primarily invests in senior housing and healthcare properties. It has a history of paying monthly dividends to its shareholders.
EPR Properties is a REIT that focuses on experiential real estate, including entertainment, recreation, and education properties. While its dividend payments may not always be monthly, it has paid monthly dividends in the past.
Please note that the availability of these REITs and their dividend payment frequency may vary over time. It's important to conduct thorough research and due diligence before making any investment decisions. Additionally, it's advisable to review each REIT's prospectus, financial health, dividend history, and other relevant factors to assess their suitability for your investment goals and risk tolerance.
When using Robinhood, investors can explore the available REITs and access information about each REIT's dividend yield, expense ratio, performance, and other relevant details. Diversifying your investment portfolio across different sectors and asset classes is generally recommended to manage risk and potentially enhance returns.
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