Regular dividend income is a staple for most investors, but even cold, hard cash has its problems. Most stocks, mutual funds and exchange-traded funds (ETFs) tend to pay their dividends out in quarterly or annual chunks. Believe it or not, that actually can be a problem for many Americans who rely on dividend income to balance their budgets near or in retirement. That’s because many of us have trouble keeping to budget when we receive large sums of money all at once, even if “all at once” is merely every three months.
Monthly dividend stocks could be the answer. Even if you don’t need the help budgeting, monthly divided stocks benefit in another way: the faster compounding of capital. By receiving a check monthly and reinvesting it, you actually end up ahead of quarterly payers. Monthly Dividend Stocks With Great Yields: Realty Income (O), Shaw Communications (SJR), Armour Residential REIT (ARR), LTC Properties (LTC), Gladstone Capital Corporation (GLAD), Gladstone Commercial Corporation (GOOD) and Goldcorp (GG).
Source: InvestorPlace
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LTC is a name I like from the list and is on my watch list. REITs still seem very expensive as a sector though.