While income-oriented investors obviously make a point of seeking out reliable dividend stocks, sometimes regular quarterly payouts just won’t cut it. Enter: monthly dividend stocks. Those who use these dividend payments to help pay monthly bills know a quarterly payout can be more than a little inconvenient at times simply because the incoming and outgoing cash flows aren’t evenly aligned. Luckily, a few companies actually dish out cash every month rather than every three months.
And there’s a lot more of these monthly dividend stocks than you might think. If you’re looking for a consistent income stream for your portfolio, read on as we look at nine of the top monthly dividend stocks out there: Prospect Capital Corporation (PSEC), Global Net Lease Inc (GNL), Chatham Lodging Trust (CLDT), Gladstone Capital Corporation (GLAD), Stag Industrial Inc (STAG), Nexpoint Credit Strategies Fund (NHF), Oxford Lane Capital Corp. 8.125% Series 2024 Term Preferred Stock (OXLCN), Clough Global Opportunities Fund (GLO) and LTC Properties Inc (LTC).
Source: InvestorPlace
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