7 Monthly Dividend Stocks for Income You Can Count On

Today we’re going to look at seven monthly dividend stocks to reliably pay your bills in retirement. Not all pay jaw-dropping high yields – in fact, I tend to avoid exceptionally high-yielding dividend stocks, as those yields generally come with much greater risk. That high dividend won’t do you a lot of good if it gets cut tomorrow. Instead, we’re going to focus on stocks with attractive but sustainable yields.

LTC Properties (LTC) is a real estate investment trust (REIT) specializing in skilled nursing and senior living properties. In fact, “LTC” is short for “long-term care.” I believe any list of monthly dividend stocks must include “the Monthly Dividend Company” itself, Realty Income (O). I’d like to include one more REIT for good measure: entertainment-focused EPR Properties (EPR). Several midstream operators sailed through the oil-price implosion with their distributions intact, and some even managed to grow them. Canadian operator Pembina Pipeline (PBA) was one of them. For another solid monthly dividend stock, consider Houston-based business development company (BDC) Main Street Capital Corporation (MAIN). Gladstone Investment Corporation (GAIN) is another stable business development company with a monthly dividend. BlackRock Floating Rate Income Trust (BGT) isn’t a typical stock, REIT or BDC. It’s actually a special type of fund, called a closed-end fund (CEF), that trades on the NYSE.

Source: Kiplinger

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