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Want to Collect Some Extra Income Each Month? Buy These 2 Top High-Yield Dividend Stocks.
Most dividend stocks make quarterly payments. That can make it more challenging for those seeking to align their income with their monthly expenses. You'd need to do a bit more work to build a portfolio of companies with staggered dividend payment schedules so that you can generate enough income each month to help cover some of your expenses. However, some companies make it easy to align your income with your expenses by paying monthly dividends. Realty Income (NYSE: O) and Agree Realty (NYSE: ADC) are two of the best monthly dividend stocks. They also pay high-yielding dividends, which allows investors to generate more income each month.Realty Income also goes by the name The Monthly Dividend Company. It has certainly been that over the years. The real estate investment trust (REIT) has declared 655 consecutive monthly dividends throughout its history. It has raised its dividend 128 times since its public market listing in 1994, including for the past 109 quarters in a row. The REIT has grown its payout at a 4.2% compound annual rate over the past 30 years. Its dividend currently yields 5.8%, which is well above the S&P 500's 1.2% yield. At that rate, every $100 invested in the REIT could produce $5.80 of dividend income each year, compared with just $1.20 if invested in an S&P 500 index fund. Continue reading
Most dividend stocks make quarterly payments. That can make it more challenging for those seeking to align their income with their monthly expenses. You'd need to do a bit more work to build a portfolio of companies with staggered dividend payment schedules so that you can generate enough income each month to help cover some of your expenses.
However, some companies make it easy to align your income with your expenses by paying monthly dividends. Realty Income (NYSE: O) and Agree Realty (NYSE: ADC) are two of the best monthly dividend stocks. They also pay high-yielding dividends, which allows investors to generate more income each month.
Realty Income also goes by the name The Monthly Dividend Company. It has certainly been that over the years. The real estate investment trust (REIT) has declared 655 consecutive monthly dividends throughout its history. It has raised its dividend 128 times since its public market listing in 1994, including for the past 109 quarters in a row. The REIT has grown its payout at a 4.2% compound annual rate over the past 30 years. Its dividend currently yields 5.8%, which is well above the S&P 500's 1.2% yield. At that rate, every $100 invested in the REIT could produce $5.80 of dividend income each year, compared with just $1.20 if invested in an S&P 500 index fund.
