3 Stocks that Cut You a Monthly Check

3 Stocks that Cut You a Monthly Check

Dividend checks are nice, but most companies only pay four times a year. That means you need to either create a three-month budget or find stocks with staggered pay dates if you want to replace your monthly paycheck.

A few companies, however, cut you a check each month, like Vermilion Energy Inc (NYSE: VET), Pembina Pipeline Corp (NYSE: PBA), and Gladstone Land Corp. Here's a quick look at each.

Vermilion Energy is a $3.6 billion market cap oil and natural gas driller based out of Canada. It pays monthly and currently yields around 6.5%. Despite the deep oil downturn, it's held its dividend steady at $0.215 per share a month since 2014. Debt is a little on the high side at around 45% of the capital structure, but interest expenses only ate up about 6% of revenues in the first quarter, and the company had a solid current ratio of around 1.7.

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Source: Fool.com