Dividends4Life: 3 Stocks and ETFs That Pay You Each Month

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3 Stocks and ETFs That Pay You Each Month

Posted by D4L | Monday, July 19, 2021 | | 0 comments »

Many companies pay quarterly or semi-annual dividends. However, certain stocks and exchange-traded funds (ETFs) pay monthly dividends, which might appeal to retirees who need stable income. Let's take a look at three rock-solid companies that will cut you a check each month.

Realty Income (NYSE:O) is a commercial real estate company that owns over 6,600 properties across the U.S. and U.K. It leases those properties to about 600 clients, including retail giants like Walgreens Boots Alliance, 7-Eleven, and Dollar General. Prospect Capital (NASDAQ:PSEC) is a business development company (BDC) that holds private debt and equity in 123 companies across 39 industries. That diversification enables it to offset slowdowns in certain industries with the growth of others, and it generates most of its profits from interest payments on its secured and unsecured debt. The BlackRock Enhanced Capital and Income Fund (NYSE:CII) is an ETF that holds a basket of 58 stocks. Its top holdings include Alphabet, Microsoft, Amazon, and Apple.

Source: Motley Fool

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