Part of my job as an advisor is helping my clients sort out their finances. But even though I do this professionally, I sometimes have a hard time sorting out my own finances because my expenses are out of sync with my income. My regular expenses tend to be monthly, whereas my income is mostly paid quarterly. That has always been a major source of frustration to me, and it is no doubt a major source of frustration to millions of retirees living off of their investments.
Well, there’s an easy solution to this problem: monthly dividend stocks. Today, I’m going to share five monthly dividend stocks that you can bank on to pay your monthly bills, but with a very important note first: You should never buy a stock purely because its dividend is paid monthly: LTC Properties Inc (LTC), Realty Income (O), Prospect Capital (PSEC), Main Street Capital (MAIN) and American Realty Capital Properties Preferred Stock (ARCPP).
Source: InvestorPlace
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