2. Armour Residential REIT
If the above stock is risky, Armour Residential REIT I believe falls into the "super don't ever touch it " kind of risky. It is frankly speaking not a REIT like one would expect it to be. It is a mortgage REIT so there are many risks involved associated with interest rates and stuff. Still, it pays out a neat dividend.
3. Enerplus Resources
After divesting my canroys when there were all the tax changes and stuff, I am starting to zoom in again on "energy plays". Enerplus Resources is one of those stocks that still pays monthly dividends. It is an independent North American energy company with a diversified asset base of oil and gas properties across a variety of resource plays. The monthly dividends for this are still good though they seem to have reduced recently.