Monthly dividend stocks with 8%+ Yield for high income
Monthly dividend stocks with 8%+ Yield for high income: Are you tired of earning a meager amount of interest on your savings account? Are you looking for a way to boost your income without taking on too much risk? If so, you might want to consider monthly dividend stocks with 8%+ yield.
Monthly dividend stocks with 8%+ Yield for high income
Monthly dividend stocks
What are monthly dividend stocks, you ask? Well, they are stocks that pay dividends every month instead of every quarter or year. This can be a great option for those who rely on regular income to pay their bills or for those who simply want to boost their cash flow.
Sensitive to economic conditions
Now, before you go all-in on monthly dividend stocks, it’s important to note that they do come with some risks. These stocks tend to be in sectors that are sensitive to economic conditions, such as real estate, energy, and telecommunications. As a result, they can be more volatile than other types of stocks.
But if you’re willing to take on a little risk for the potential reward of high income, then here are some monthly dividend stocks with 8%+ yield that you might want to consider.
AGNC Investment Corp. (AGNC)
AGNC Investment Corp. is a real estate investment trust (REIT) that invests primarily in residential mortgage-backed securities. As of December 31, 2021, AGNC had a portfolio of assets worth approximately $72.7 billion. AGNC pays a monthly dividend of $0.12 per share, which translates to an annual yield of 8.6%.
Prospect Capital Corporation (PSEC)
Prospect Capital Corporation is a business development company that provides capital to middle-market companies. As of September 30, 2021, Prospect Capital had investments in 120 companies with a total fair value of approximately $4.4 billion. Prospect Capital pays a monthly dividend of $0.06 per share, which translates to an annual yield of 9.3%.
Pembina Pipeline Corporation (PBA)
Pembina Pipeline Corporation is a Canadian energy transportation and midstream service provider. Pembina Pipeline’s assets include pipelines, storage facilities, and processing plants. Pembina Pipeline pays a monthly dividend of $0.21 per share, which translates to an annual yield of 8.2%.
Altria Group, Inc. (MO)
Altria Group, Inc. is a tobacco company that sells cigarettes, cigars, and other tobacco products. Altria Group’s other business segments include wine and smokeless tobacco products. Altria Group pays a monthly dividend of $0.86 per share, which translates to an annual yield of 8.2%.
Shaw Communications Inc. (SJR)
Shaw Communications Inc. is a Canadian telecommunications company that provides broadband internet, digital television, and other communication services. Shaw Communications pays a monthly dividend of $0.099 per share, which translates to an annual yield of 8.4%.
Conclusion
So there you have it – five monthly dividend stocks with 8%+ yield. Of course, this is just a starting point, and you should do your own research before investing in any stock. But if you’re looking for a way to boost your income, monthly dividend stocks could be worth considering.
Just remember, investing always comes with some level of risk. So don’t invest more than you can afford to lose and always make sure to diversify your portfolio.
And with that, we hope you enjoyed this informative yet entertaining read about monthly dividend stocks with 8%+ yield. Happy investing!
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