3 High Yield Monthly Dividend Stocks to Buy Now

While quarterly distributions meet most investor income needs, some investors need more frequent distributions to cover their ongoing expenses and high-yield monthly dividend stocks fit their requirements. In addition to the benefit of receiving more frequent payments and a more consistent cash inflow, monthly dividends can offer investors additional advantages over the quarterly distributions. For investors who use these payouts to cover their ongoing expenses the monthly distribution frequency aligns well with the monthly cash needs. 3 High Yield Monthly Dividend Stocks to Buy Now...

Stellus Capital Investment Corporation (NYSE:SCM) was formed as a spin-off from the D. E. Shaw & Company in 2012, the Stellus Capital Investment Corporation is an externally managed, closed-end, non-diversified management investment company that has elected to be regulated as a business development company. Virtus Global Dividend & Income Fund, Inc. (NYSE:ZTR) was formed by Virtus Investment Partners, Inc. in 1988, Virtus Global Dividend & Income Fund, Inc. is a closed-ended balanced mutual fund. Wells Fargo MLP Ex-Energy ETN (NYSE:LMLP) is intended to mirror the performance of all non-energy master limited partnerships listed on the New York Stock Exchange, NYSE or NASDAQ that satisfy all other market capitalization and eligibility requirements.

Source: Dividend Investor

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