3 Stocks That Pay You Each Month
There aren't many dividend stocks that make payments on a monthly basis, and that's why those that do are a rare breed. The stocks can be very valuable to investors who are on a fixed income and want to add to their cash flow every month, or who simply don't want to wait three months to receive their next dividend payment.
Either way, these three stocks will satisfy those needs, as each one listed below pays its shareholders a dividend every month.
LTC Properties (NYSE: LTC) is an attractive dividend stock for multiple reasons. The first is that as a real estate investment trust (REIT), it has a consistent, recurring source of income that gives investors a great deal of stability. Without large fluctuations in sales from one period to the next, investors can safely predict how the company will perform. Although LTC has a payout ratio of over 92%, this shouldn't raise alarms for investors as REITs are legally required to pay at least 90% of their profits back to shareholders in the form of dividends.
Source Fool.com
