Three closed-end funds pay monthly distributions
Eaton Vance Tax-Advantaged Dividend Income Fund, Reaves Utility Income Fund, and Cohen & Steers Quality Income Realty Fund pay 6 to 8 percent monthly.
These funds have paid monthly distributions for over two decades, drawn from different pockets of the equity market.
Their structure allows them to use modest leverage and distribute realized gains alongside dividends and interest, sustaining payouts above those of an S&P 500 index fund.