4 Monthly Dividend Stocks to Bankroll Your Retirement

I don't know about you, but I hate marrying a monthly stream of bills with an income stream that rolls in quarterly. It just doesn't work. Luckily there's an easy fix: stocks that pay dividends just as your bills arrive: every single month. It's no wonder retirees love monthly dividend payers. Non-retirees love them too, because they let you reinvest your cash faster, giving your long-term return a slight bump thanks to the magic of compound interest. Trouble is, hardly any blue chips pay monthly. Three individual REITs I like...

The first is STAG Industrial REIT (STAG), which is up nearly 13% since I recommended it on February 13. STAG owns warehouses and manufacturing plants across the country. Our other two plays here are long-term-care-facility operator LTC Properties ( LTC ) and EPR Properties ( EPR ), owner of theaters and entertainment complexes across the US. Between them, these three REITs yield 5.2%, on average, so we're already above our "breakeven" 4.8%, and those payouts are easily covered by funds from operations (FFO; the REIT equivalent of earnings per share). That means we can look forward to some nice dividend growth here, too, which will goose our yield even higher.

Source: NASDAQ

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