July was a great month for dividend investing. The Fed has just announced that the economy is sluggish, with unemployment being stuck at 8+% now for quite some time (this of course was no surprise). They reassured the media that interest rates will remain near 0% through 2014, which in my opinion further reduces risk in bonds and REIT stocks.
Speaking of REITs, RSO had a conference call that provided positive information for investors. The company has maintained a .5% vacancy rate and has increased profits and net income for the recent quarter, further justifying the sustainability of their great dividend.
Overall the monthly dividend is now sitting at $38.08 per month and climbing. A very welcome 7.63% increase over the previous month.