Today we are going to chat about getting paid monthly from dividend yielding stocks. Safe stocks with a great return and 100% consistent payouts. I currently have my portfolio down to four stocks that pay at two different times of the month. Two payout on the 31st and two payout on the 15th giving me consistent cashflow which I reinvest allowing for a higher payout each month. Whether you are looking for a growth investment or monthly cash to live off of this may be the right strategy for you.
My two monthly stocks that payout on the 31st are GAIN and LTC.
GAIN – Gladstone Investments is a company that makes debt and equity investments in established private businesses throughout the United States. The current price is $10.10 and pays out $.07 per share giving it a yield of 8.72% annually. This stock has consistently raised and paid it’s dividend since 2010.
If you had 10K invested today you would receive $69.30 per month.
LTC – LTC Properties is a (REIT) Real Estate Investment Trust that invests in senior housing and healthcare properties in the United States. The current price is $39.41 and pays out $.19 per share giving it an annual yield of 5.86%. This stock has consistently raised and paid it’s dividend since 2005 (monthly).
If you had 10k invested today you would receive $48.21 per month.
My two monthly stocks that payout on the 15th are O and PBA.
O – Realty Income Corporation is another real estate investment trust that invests in free-standing, single-tenant commercial properties in the United States, Puerto Rico, and the United Kingdom. The current price is $61.77 and pays $.23 per share with an annual yield of 4.62%. O has consistently raised and paid it’s dividend for the last 25 years making it a bran new dividend aristocrat which makes it a fantastic investment!
If you had 10k invested today you would receive $37.23 per month.
PBA – Pembina Pipeline is a Canadian corporation that operates transportation and storage infrastructure delivering oil and natural gas to and from parts of Western Canada. The current price is $23.89 and has a payout of $.16 per share giving it an annual yield of 7.7%. PBA has consistently paid a dividend for about 10 years. A cent or two has varied for times over 5ish years ago still making it a solid investment.
If you had 10k invested today you would receive $66.97 per month.
If you are looking to get paid monthly then this is the strategy for you. Now there are many companies to choose from so educate yourself before investing. If you have a lot of capital this may be a way for you to live off of the dividends. If you are a new investor with some cash this might be a nice spot for your money to sit and grow over time through a dividend reinvestment plan (DRIP). Please invest with a margin of safety and inform yourself before investing! This is for educational purposes only.