Stocks With Monthly Dividends?

[clatoden99]

Right now, as of this writing, I feel Independence Realty Trust (IRT) is a great bargain. I have it on a monthly DRIP.

[thestrongprofessional]

Vanguard High Dividend Yield Index Fund Investor Shares

Hey guys,

I personally use the Vanguard High Dividend Yield Index Fund. I'm not too well versed in stocks but I feel that this fund does provide a comprehensive list of stocks that provide dividends. Although the share price has not performed well the last few months, I have been receiving a consistent dividend return on my investment.

Raphael

[Gwenstacy]

Christmas Stock

Dividend stocks have many different categories, such as high-dividend-yielding stocks and monthly dividend stocks. But the most difficult ones to find are top dividend stocks. A top dividend stock would be one that sees a dividend being paid out and increasing over time. One such company doing this is Brookfield Property Partners LP (NYSE:BPY) stock. Shares of this stock are currently trading at $21.77 and yielding 5.14%. What’s more, the company has been paying an increasing dividend since becoming public in 2013. The real estate company’s goal is to have the dividend continue to increase annually. It also anticipates appreciation between five and eight percent each year.

[bigdaddybus]

Another way to get monthly dividends is just to hold a WHOLE BUNCH of dividend paying stocks. If you get the ownership right, you get payments pretty much every month.

One guy who has been super good at this is Joshua Kennon - the guy has smaller lots in dozens and dozens of companies - its gotten to the point where its becoming an accounting hassle for him.

http://www.joshuakennon.com/

My parents follow this approach to the tune of $15K a quarter. It suppliments their pension, SSI, and 401K withdrawls nicely. I think they hold 6 or so dividend stocks inc VZ and CAT.

[Mouse]

My parents follow this approach to the tune of $15K a quarter. It suppliments their pension, SSI, and 401K withdrawls nicely. I think they hold 6 or so dividend stocks inc VZ and CAT.

Is this method beneficial/ worth it? I just recently opened my first investing account, a ROTH IRA and I started off with some dividend stocks. it does seem like a pretty cool way to get some monthly income, and if your broker offers the dividend reinvestment options im sure that would be even better until you want the cash instead... I am just curious if having a large investment in dividend stocks for the dividend return is a good option because this is my first time hearing about this method

[Nutria]

Is this method beneficial/ worth it? I just recently opened my first investing account, a ROTH IRA

and I started off with some dividend stocks.

How old are you? If in your 20s or early/mid 30s, you should be more aggressive.

it does seem like a pretty cool way to get some monthly income,

Before retirement, it's a way to buy more shares...

if your broker offers the dividend reinvestment options

The mutual fund that your broker sells you is who offers the DRIP. (They all offer dividend reinvestment. ALL of them...)

I am just curious if having a large investment in dividend stocks for the dividend return is a good option because this is my first time hearing about this method

Conservative investors buying shares in stable companies that pay good dividends is as old as stable companies which pay good dividends. Back in the day, they were called "widows and orphans stocks".

[Mouse]

thank you for the info

I just turned 25.. I opened the account when I was 24..Did not come anywhere close to maxing it out, I just wanted to get a foot in the door as soon as possible, at that time I was saving a little more than 10% of my income plus the 52 week challenge and was throwing it all into my savings/EF.. start of 2017 I am going to try to save 15/20%

I opened a ROTH with TDameritrade because I do plan on being more active with investing eventually so why not use the brokerage I plan on using down the road..But, once I feel comfortable with my knowledge I will be more aggressive and take more risks. I just dont really know where to start yet with the high risks

[Nutria]

thank you for the info

I just turned 25.. I opened the account when I was 24..Did not come anywhere close to maxing it out, I just wanted to get a foot in the door as soon as possible, at that time I was saving a little more than 10% of my income plus the 52 week challenge and was throwing it all into my savings/EF.. start of 2017 I am going to try to save 15/20%

What about a 401(k)? If your employer offers one, and they match part of your contribution, then not taking advantage of it is throwing money (usually 3%) away.

I opened a ROTH with TDameritrade because I do plan on being more active with investing eventually so why not use the brokerage I plan on using down the road..But, once I feel comfortable with my knowledge I will be more aggressive and take more risks. I just dont really know where to start yet with the high risks

Understandable. No one starts out knowing everything...

[Mouse]

the current company I work for does not offer any type of retirement.. or benefits at all

I am currently in hiring the process for a new job with benefits and all that fun stuff.. Im number 1 on the hiring list, just waiting for the next opening.. as of right now it'll be in July.

[Gwenstacy]

Monthly Income

But most of the blue-chip companies included in the S&P-500 index pay quarterly dividends. Investors seeking a monthly dividend income are usually left with real estate income trusts (REITs) or business development companies with a basket of risky portfolios.

Though there isn’t much logic to buying a stock just because it pays a monthly dividend, many investors seeking to match their monthly expenses with a dividend paycheck may not have any other viable options when interest rates are extremely low and income from bonds and saving accounts is so little.

Some of the best monthly dividend stocks are Stag Industrial Inc. and Prospect Capital Corp.

[Nutria]

the current company I work for does not offer any type of retirement.. or benefits at all

That's why you move up!!

I am currently in hiring the process for a new job with benefits and all that fun stuff.. Im number 1 on the hiring list, just waiting for the next opening.. as of right now it'll be in July.

[Nutria]

But most of the blue-chip companies included in the S&P-500 index pay quarterly dividends.

It never occurred to me that "they" don't all pay on the same schedule, but apparently they don't. Thus, the idea mentioned earlier in the thread is to buy a tailored spread of quarterly dividend stocks so that you get some money every month.

That sounds like a big hassle, though, and isn't likely to perform as well one where all stocks are available.

ISTM that you should buy the best stocks and then transfer a third of your dividends each month from a "parking account" into your checking account...

[Gwenstacy]

Monthly income

I have tried using this trick, and it seems to pay very well.

[Gwenstacy]

Monthly stocks

Realty Income Corporation
Main Street Capital Corp.
Shaw Communications Inc.
These are some stocks I think are good for long term monthly gain.

[TexasHusker]

What about a 401(k)? If your employer offers one, and they match part of your contribution, then not taking advantage of it is throwing money (usually 3%) away.

Yes, but just remember that age 25, you're LOCKING the money away in a 401K, and for a very long time.