Tree,
SNH pays quarterly dividends. The $1.56/7.90% that you posted is the annual dividend distribution rate/payment. The below chart shows the last 12 months of dividend payments from SNH. As you can see, you would get $.39/share (provided the payout remains the same for the next quarter and every quarter after that). So, using your hypothetical, your 300 shares would get you $117.00 every quarter or $468.00 each year (again assuming the payment remains constant). The dividend payment amount would increase if you DRIP'd the previous payments, but you would not be getting $2,000 each month or even each year. If you ever do find an investment that pays $2,000/month indefinitely on a $5,985.00 investment, you should do 1 of 2 things: 1) run away fast because it is WAAAAYYY too good to be true, or 2) if it checks out, send me a message because I want in!!!!!
I hope that helped.
Past Dividends
Ex-dividend date Amount Record date Pay date
April 22, 2015 $0.39 April 24, 2015 May 21, 2015
January 21, 2015 $0.39 January 23, 2015 February 24, 2015
October 15, 2014 $0.39 October 17, 2014 November 21, 2014
July 16, 2014 $0.39 July 18, 2014 August 21, 2014