Dividend Fund of the Day VI
Stratton Monthly Dividend REIT (STMDX)
Stratton Monthly Dividend REIT Shares (SMDS) may be for investors who desire an investment that focuses on income and are investing for retirement or other long-term goals.
The Fund is managed to provide a high level of monthly income to its shareholders and therefore looks for companies that have strong dividend payouts. The Fund needs higher yielding securities to attempt to maintain its dividend payout. Real Estate Investment Trusts or REITs satisfy this income requirement, while also offering the potential for dividend growth and capital appreciation.
Initial Investment: $1000
Expense ratio: .95%