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Stockpickr: Stock Plays for Baby Boomers

Canetic Resources Trust (CNE) is another monthly-dividend Canadian trust, yielding 14.7%. Barclays holds more than 1% of the company, and Morgan Stanley also invests in the stock.

One of Canetic's largest mutual fund holders is Kayne Anderson Energy Total Return Fund.

Harvest Energy Trust (HTE), which pays a yield of 14.5%, is yet another holding of Barclays. Goldman Sachs owns nearly 1% of the outstanding shares, and Barclays owns more than 2%. And Morgan Stanley's name pops up again as a shareholder. In addition, there are several funds that own Harvest shares, such as Kayne Anderson Energy Total Return Fund, U.S. Global Investors Global Resources Fund and Dreman/Claymore Dividend & Income Fund.

Looking at some of the American monthly dividend payers, RMK Strategic Income Fund (RSF) pays 11.3% per year on a monthly basis. Oppenheimer & Co. is its largest institutional shareholder. Merrill Lynch also owns shares in the company. There is one mutual fund that owns RSF shares, American Pension Investors Efficient Frontier Income Fund.

Another American closed-end fund, Boulder Growth & Income Fund (BIF), pays about 10%. Both Merrill Lynch and Citigroup are major institutional shareholders.

There are more than 200 stocks, including exchange-listed closed-end funds (CEFs), real estate investment trusts (REITs), floating-rate funds, oil income funds and Canadian royalty trusts, that pay their dividends monthly. They all trade on the New York Stock Exchange or American Stock Exchange.
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