The best monthly dividend stocks for income
The best monthly dividend stocks for income: As the saying goes, “money can’t buy happiness, but it sure can buy financial freedom.” Investing in stocks that pay monthly dividends can help you achieve that financial freedom. Dividend stocks provide a steady stream of income and can help you build a solid investment portfolio.
The best monthly dividend stocks for income
But with so many options out there, how do you know which stocks are the best for your needs? Well, fear not, as we’ve done the hard work for you and compiled a list of the best monthly dividend stocks for income.
Realty Income Corporation (O)
Realty Income Corporation, also known as “The Monthly Dividend Company,” has been paying dividends to its shareholders for over 50 years. This real estate investment trust (REIT) invests in properties like convenience stores, drugstores, and supermarkets, and it pays dividends every month like clockwork. With a monthly dividend yield of 4.5%, Realty Income Corporation is a great choice for income seekers.
Brookfield Renewable Partners (BEP)
Brookfield Renewable Partners is a renewable energy company that operates a diversified portfolio of hydro, wind, and solar power facilities. The company pays a monthly dividend of $0.18 per share, which equates to a yield of 4.2%. Not only does investing in Brookfield Renewable Partners provide a steady stream of income, but it’s also a great way to invest in a growing industry and make a positive impact on the environment.
Ares Capital Corporation (ARCC)
Ares Capital Corporation is a business development company that invests in middle-market companies. The company pays a monthly dividend of $0.13 per share, which equates to a yield of 7.6%. Ares Capital Corporation is a great choice for income seekers who are looking for high-yield investments. Plus, with a focus on middle-market companies, Ares Capital Corporation offers exposure to a diverse range of industries.
Main Street Capital Corporation (MAIN)
Main Street Capital Corporation is a business development company that provides financing to lower middle-market companies. The company pays a monthly dividend of $0.20 per share, which equates to a yield of 5.7%. Main Street Capital Corporation is a great choice for income seekers who are looking for a high yield and a diverse portfolio. With a focus on lower middle-market companies, Main Street Capital Corporation offers a unique opportunity to invest in a range of industries.
Digital Realty Trust (DLR)
Digital Realty Trust is a REIT that specializes in data center properties. The company pays a monthly dividend of $0.68 per share, which equates to a yield of 3.6%. Digital Realty Trust is a great choice for income seekers who are looking for a solid investment in a growing industry. With the increasing demand for data storage and processing, Digital Realty Trust is poised for long-term growth.
Conclusion
In conclusion, investing in monthly dividend stocks can be a great way to build a solid investment portfolio and achieve financial freedom. Whether you’re looking for high yields, diversification, or exposure to growing industries, the stocks listed above are a great place to start. So, put on your investor hat, pick the stock that suits your needs, and watch your income grow each and every month. Happy investing!
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