This 4.2% Dividend Stock Pays Cash Each and Every Month

The article spotlights Granite REIT (TSX: GRT.UN), a Canadian industrial real estate investment trust that pays dividends monthly rather than quarterly. It argues the structure can support steadier payouts because REITs generally distribute a high share of earnings, and industrial real estate often generates income more regularly. Granite operates big-box warehouses, distribution centers and manufacturing facilities across North America and Europe, with about 74% of business tied to e-commerce tenants. The piece cites 98.1% occupancy and a 4.2% yield, with a stated dividend of $0.30 per unit per month. It also lists valuation multiples such as 0.9 times book value and 16 times AFFO.