Want to Get Paid Every Month? These Dividend Stocks Are for You
Your bills come every month, so it would be nice if your portfolio income did too. Unfortunately, most dividend stocks make payments only once a quarter, which doesn't line up with most people's cash flow needs. Some companies, however, have put dividend policies in place that allow for monthly payments to their shareholders. Realty Income (NYSE: O), Shaw Communications (NYSE: SJR), and STAG Industrial (NYSE: STAG) are some great examples of the many monthly dividend stocks you can find if you look long enough.
Perhaps the ultimate monthly dividend stock, Realty Income has embraced the idea of making payouts to its shareholders 12 times a year. The real estate investment trust (REIT) bills itself as the Monthly Dividend Company, and it has made monthly dividend payments for 566 consecutive months. Moreover, the REIT has boosted those payouts for 80 quarters in a row, giving its shareholders compounded dividend growth of nearly 5% per year since it first started trading on the New York Stock Exchange nearly a quarter century ago.
Realty Income has more than 5,000 properties under long-term leases, providing the monthly income that it then takes and turns around to give to its investors. Its 250 commercial tenants have a presence in almost 50 different industries, limiting exposure to any one sector. With a current yield of 4.4%, Realty Income isn't skimping on its payouts, and shareholders can feel confident in the REIT's prospects both in the immediate future and for years to come.
Source: Fool.com
Realty Income Corp Stock
We see a rather positive sentiment for Realty Income Corp with 13 Buy predictions and 2 Sell predictions.
With a target price of 58 € there is a positive potential of 21.61% for Realty Income Corp compared to the current price of 47.7 €.
