Monthly Paying Dividend Stocks: A Reliable Source of Passive Income
Updated: Apr 11, 2023
Monthly Paying Dividend Stocks: A Reliable Source of Passive Income
Dividend investing has become increasingly popular among investors looking to generate passive income through the stock market. Dividend stocks pay out a portion of the company's profits to its shareholders on a regular basis, typically on a quarterly basis. However, for those investors seeking more frequent payouts, there are also monthly paying dividend stocks available.
Investing in monthly paying dividend stocks can be a great way to generate a steady stream of income without having to wait long periods for dividends to be paid out. This can be particularly attractive to retirees or investors looking to supplement their income. Monthly dividend investing can also provide investors with greater flexibility and stability, as the consistent payouts can help smooth out the impact of market volatility.
So, what are some of the top monthly paying dividend stocks to consider? Here are three options to consider:
Realty Income Corporation (O)
Realty Income Corporation, also known as "The Monthly Dividend Company," is a real estate investment trust (REIT) that specializes in retail properties. The company has paid out monthly dividends for over 50 years, making it a reliable source of income for investors. Realty Income Corporation has also increased its dividend payout every year for the past 25 years, demonstrating its commitment to shareholders. The company has a current dividend yield of around 4%, making it an attractive option for income investors.
STAG Industrial (STAG)
STAG Industrial is another REIT that focuses on industrial properties, such as warehouses and distribution centers. The company pays out monthly dividends and has increased its dividend payout every year since going public in 2011. STAG has a current dividend yield of around 4%, making it an attractive option for income investors. In addition, the company has a strong balance sheet and has been able to continue to grow its business through acquisitions.
Main Street Capital (MAIN)
Main Street Capital is a business development company that provides financing to small and mid-sized businesses. The company pays out monthly dividends and has increased its dividend payout every year since 2012. Main Street Capital has a current dividend yield of around 6%, making it an attractive option for income investors. The company has also been able to maintain a strong balance sheet and has a diversified portfolio of investments.
Investing in monthly dividend stocks can be a great way to generate passive income and add stability to your investment portfolio. However, it's important to do your own research and consider factors such as the company's financial health, dividend payout history, and overall market conditions before making any investment decisions. It's also important to diversify your investments across multiple stocks and asset classes to help mitigate risk.
Final Thought
In conclusion, monthly paying stocks can provide investors with a reliable source of income and greater stability in their investment portfolio. Companies such as Realty Income Corporation, STAG Industrial, and Main Street Capital offer investors attractive dividend yields and a strong track record of increasing their dividend payouts over time. However, as with any investment, it's important to do your own research and carefully consider your investment objectives, risk tolerance, and overall market conditions before making any investment decisions. By investing in a diversified portfolio of quality monthly paying dividend stocks, investors can potentially generate passive income and achieve their long-term financial goals.
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