If you’re looking for steady retirement income, then there is one type of investment you need to consider: monthly dividend stocks. I love income investing, but there has always been one issue, namely that most of us have monthly bills, but our dividends only arrive quarterly. Bonds are even worse. Most fixed-income investors only get their checks twice a year. Certificates of deposit (CDs) and term deposits only pay interest annually. This is not ideal.
Thankfully, there’s a small group of stocks that pay dividends monthly. These companies are standouts for safety. And because they cater to income investors, they often sport big yields. For investors, well-known names are still rare in this group, but there’s enough quality here to build a portfolio that cranks out steady cash. And if you’re willing to do some digging, you can snag some outright deals. Here are five of my favorite monthly dividend stocks: Realty Income Corporation (NYSE:O), LTC Properties Inc. (NYSE:LTC), Shaw Communications Inc. (NYSE:SJR), Student Transportation Inc. (NASDAQ:STB) and Enbridge Energy Partners, L.P. (NYSE:EEP).
Source: Income Investors
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- Warren Buffett's Secret To 50% Returns
- 7 Undervalued, Big-Name Stocks To Consider For Your Dividend Portfolio
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