The previous post looked at Dividend Reinvestment Plans (DRIPs) and Share Purchase Plans (SPPs) as candidates for the cheapest way to invest. Let’s fill in a few more details.

There are plenty of stocks, including closed end funds, real estate trusts, master limited partnerships, and oil royalty trusts, which pay their dividends monthly. Lots of advantages are available with receiving monthly dividends including acceleration the investors' return of capital, faster compounding if the dividends are reinvested, provides a steadier cash flow, generally lower volatility, and some of the yields are partially or completely tax free.

At WallStreetNewsNetwork.com, they provide a downloadable list of over 300 monthly monthly dividend stocks. Here are a few examples of some with yields over 9%:

Thing One and Thing Two

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