3 Stocks that Cut You Checks Each Month
Your finances change materially when you retire, as most people go from building nest eggs one month at a time to living off their accumulated savings. Dividends can help you avoid touching your principal, but getting a quarterly check is a lot different than collecting a paycheck every two weeks.
That's why monthly-pay dividend stocks can be such a helpful budgeting tool. Here are three real estate investment trusts (REITs) that cut you checks each month, each covering a different property niche.
Realty Income (NYSE: O) offers investors a 4.1% dividend yield at recent prices. That's about middle-of-the-road for this landlord over the past decade, so it is probably fairly valued right now. But that's not a bad thing, given that it is one of the best-run real estate investment trusts around. And the yield is well above the 1.4% on offer from the S&P 500 Index and the 3.2% from the average real estate investment trust, using Vanguard Real Estate ETF as a proxy.
Source Fool.com
