This Company Has Paid 558 Consecutive Monthly Dividends. In the ultra-low-interest-rate environment over the past several years, dividend stocks have played a crucial role helping investors boost the yield of their income portfolios. However, most companies distribute their dividends on a quarterly basis. For investors that need the income to cover monthly expenses, quarterly payouts might not be frequent enough. Fortunately, there are companies that pay monthly dividends.
Today, I would like to talk to you about a top monthly dividend stock, Realty Income Corp (NYSE:O). Realty Income is a real estate investment trust (REIT) headquartered in San Diego, California. You can think of Realty Income as a giant landlord. Because its tenants pay rent on a monthly basis, investors of this REIT get to enjoy monthly dividends. Compared to other REITs on the market, Realty Income is huge and well-diversified. The company owns over 4,700 properties located in 49 states and Puerto Rico. Its 247 commercial tenants come from 47 different industries, with top tenants including Walgreens Boots (NASDAQ:WBA), FedEx Corporation (NYSE:FDX), LA Fitness, CVS Health Corp (NYSE:CVS), and Wal-Mart Stores Inc (NYSE:WMT).
Source: Income Investor
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