Dividends4Life: 5 Monthly Dividend Stocks to Buy for Retirement

5 Monthly Dividend Stocks to Buy for Retirement

Posted by D4L | Sunday, July 27, 2014 | 0 comments »

In December, I compiled a list of Monthly Dividend Stocks to Snag in 2014, which has proven to be one of my most popular articles of the past year. It’s not hard to see the appeal of monthly dividend stocks, particularly if you are retired and living off your investments. Your expenses — including everything from house and car payments to your utilities and mobile phone bill — are almost always on a monthly cycle, whereas most income-producing investments pay quarterly or semiannually. A monthly dividend makes basic budgeting and planning a whole lot easier.

But let’s say that you’re still years from retirement. A monthly dividend is still preferable because, if you reinvest your dividends in new shares, your share count will grow faster, speeding up the process of compounding. This matters very little over the course of a single month, but over an investing lifetime, it can have an outsized effect on your returns. I’ll point out that my list from December is a great set of monthly payers that are all positive for the year and beating the S&P 500. But today, I’m going to give you five new monthly dividend stocks: LTC Properties (LTC), Corus Entertainment (CJREF), Shaw Communications (SJR), The Tortoise Power & Energy Infrastructure Fund (TPZ) and Pimco Global StockPLUS & Income Fund (PGP).

Source: InvestorPlace

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