Real estate investment trusts must pay out 90% of their taxable income as dividends. But how REITs pay these dividends differs. 

Some REITs pay quarterly dividends while others pay monthly. There are advantages to the latter for investors who are seeking more regular income. 

REITs that pay monthly dividends also offer the advantage of "more frequent communication to investors," says Forbesmagazine. "If the company increases, reduces or suspends a payment, the shareholder can react quickly to the good or bad news." 

It's safe to assume that shareholders receiving great news of their asset's performance are more likely to reinvest their dividend. "Investors who reinvest dividends will return almost 1% more yearly than quarterly payers," according to Forbes.

Investors seeking monthly dividend payments should consider LTC Properties (LTC) - Get Report

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The 24-year-old REIT has a strong portfolio centered around senior housing and health care properties. LTC has more than 200 properties in 30 states and 35 operating partners. It has thrived largely due to its willingness to add properties in new markets. Its deals typically range from $10 million to $100 million. 

To be sure, LTC Properties is relatively small compared to some larger-cap counterparts.

However, the REIT's size gives it a significant advantage: flexibility. 

LTC is more mobile than its competitors and therefore more responsive in its decision making.

Its recent performance has been strong. LTC appears to be in a position to not only finish off 2016 on a strong note, but also to carry its momentum into next year.

LTC's reported $33.8 million in revenue represents an impressive increase from the $28.5 million it reported in the third quarter of 2015. An optimistic forecast of the REIT's FFO (funds from operations) suggests an 8.2% increase from 2015. The REIT's market cap is $1.7 billion. 

More importantly for those looking to cash in on monthly dividend returns, LTC increased its monthly cash dividend to 19 cents in the last quarter of 2016, a 5.6% increase from the most recent cash dividend.

LTC's current dividend yield is a healthy 5.0%.

For investors seeking income, it's hard to ignore the advantage of a monthly dividend.

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.