Do you like owning stocks that pay monthly dividends? Yeah, me too! But with so many choices out there, you should be cautious of stocks that are nothing more than ‘dividend yield traps’. So I’ll be sharing my favorite monthly payers that have been solid additions to my portfolio since 2021. Let me know in the comments if you own any of these!
00:00 – Intro
03:12 – Dividend #1
11:05 – Dividend #2
18:35 – Dividend #3
And as always, thanks for tuning in as I document my journey of building generational wealth. My motto is ‘Small goals, big victories’ which is important to remember if you’re just starting your dividend investing journey!
#dividends #retirementincome #investing #portfolioupdate #monthlydividends…(read more)
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Dividend stocks offer a great way to generate income and build wealth over time. While some investors prefer to stick with stocks that pay dividends quarterly or annually, others may be looking for monthly dividend stocks. Monthly dividend stocks provide a steady stream of income and can be a great way to supplement your income or build a retirement nest egg.
In this article, I’ll discuss some of my favorite monthly paying dividend stocks. These stocks are chosen based on a combination of factors, including their dividend yields, financial strength, and growth potential.
The first stock on my list is Realty Income Corporation (O). Realty Income is a real estate investment trust (REIT) that owns and operates more than 5,500 properties in the United States and Puerto Rico. Realty Income pays a monthly dividend that has increased for 73 consecutive quarters, and its current yield is 4.7%. Realty Income is also a financially strong company, with a debt-to-equity ratio of 0.2 and a return on equity of 17.7%.
The second stock on my list is AT&T Inc. (T). AT&T is a telecom giant that offers wireless, internet, and television services. AT&T pays a monthly dividend that has increased for 33 consecutive years, and its current yield is 6.1%. AT&T is one of the most financially sound companies in the world, with a debt-to-equity ratio of 0.6 and a return on equity of 11.4%.
The third stock on my list is Brookfield Infrastructure Partners (BIP). Brookfield Infrastructure is a Canadian-based global infrastructure company that owns and operates energy and utility assets around the world. Brookfield Infrastructure pays a monthly dividend that has increased for 11 consecutive years, and its current yield is 5.4%. Brookfield Infrastructure is a financially strong company, with a debt-to-equity ratio of 0.2 and a return on equity of 11.5%.
These are just a few of my favorite monthly paying dividend stocks. There are many other great dividend stocks out there, so be sure to do your own research before investing.
what about sl green realty..i saw a breakdown for financials and looks appealling?
My favorite monthly div stocks are: SLRC, SCM, DX(a Mreit), and AMZA Etf(I can hold EPD, ET without doing the pesky K-1 form/tax nightmares/different state taxes, etc). I like ADC and SLG more than O but thats just me. AMZA usually pays out 22 to 24 cents a month and does not pay out in Nov and Dec(it pays a double distribution in January), its also taxed weird Return of Captial(some reits also pay this out as well).
Keep up the good work and I'm a new subscriber.
My monthly stocks: O; MAIN; GOOD; PFLT. Love the monthly payout, you get to see your number of shares grow and grow.
Hi Wayne, I am a relatively new investor who is almost 40 and I have the same goal you do about increasing monthly income. I own O and MAIN, and I plan to buy some STAG this year. I do also own some riskier monthly stocks that I bought at the dip in 2022 like ARR and AGNC, but I want to put more money into the less risky ones this year. Best of luck to you!
This is a quality stock VICI
Good video and glad that I found your channel. At 56, I just really started investing in a real way. Though I'll have a pension when I retire, I want to invest as much as possible over the next few years. I'm putting many of my REITS and BDCs in a Roth. I have O and just added MAIN last week. And, Ryne is great
When your happy with your growth, reduce your risk and buy monthly dividend paying etfs like – DIA, PEY, DGRW, DHS, SPHD. Single companies can be risky. Lock in your profits.
Great video, thanks. I'm also a keen dividend investors
Hello Wayne- amazing work as a police officer. I am sure you saw some stuff working in Vegas. How did you get a $400K portfolio having been only investing for 2 years!?
What’s your opinion on (LAND)?
What dividend program/site are you using ?
Great choices! I'm sure according to many investors it would be an unpopular choice, but I recently exited out of all three. I fully plan to get back in at some point, but I'm really focused on adding capital to some of my lower yield high growth positions. Although all three are very solid, the growth wasn't there for me. I ended up taking profits and moving that money into a small handful of positions I'd like to build up a bit. Once those positions are built up a bit more I'll revisit for that monthly motivation.
FYI Aristo CRAT not cat
Nice portfolio! I currently own all three!