You know what's better than a dividend stock? A dividend stock that pays you every month. Last week, I identified five oil and gas companies with monthly dividends. Today, based on some recommendations from readers on my previous article, I have five companies focused on oil and natural gas whose monthly dividends could provide you with the income needed to meet your monthly obligations or provide you with steady capital to reinvest and grow your portfolio.
1. Pengrowth Energy (NYSE: PGH) 8.3%
2. Cross Timbers Royalty Trust (NYSE: CRT) 6.9%
3. Hugoton Royalty Trust (NYSE: HGT) 6.3%
4. Sabine Royalty Trust (NYSE: SBR) 5.6%
Source: Motley Fool
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Are you sure these stocks/companies pay dividend every month? Sounds too good to be true.
I feel that dividends may be at the discretion of the fund/company.