5 Monthly Dividend Stocks Under $10

2. Dream Industrial Real Estate Investment Trust (OTC:DREUF)

Share Price as of December 5: $9.04

Dream Industrial Real Estate Investment Trust (OTC:DREUF) is a Canada-based real estate investment trust company that manages and operates a portfolio of industrial assets. In November, RBC Capital maintained an Outperform rating on the stock with a $15.50 price target, highlighting the company’s fundamentals this year.

On November 22, Dream Industrial Real Estate Investment Trust (OTC:DREUF) declared a monthly dividend of $0.0583 per share for a dividend yield of 4.16%, as of December 5. In the past five years, the company has raised its dividends at a CAGR of 0.07%.

In Q3 2022, Dream Industrial Real Estate Investment Trust (OTC:DREUF) reported a net rental income of $72 million, up 20.6% from the same period last year. The company’s net asset value per unit came in at $17.05, which showed an 18.7% growth from the prior-year quarter. It ended the quarter with $60.1 million in cash and cash equivalents.