Best high monthly dividend stocks with growth
Best high monthly dividend stocks with growth: Are you tired of low-yielding savings accounts and bonds that barely keep pace with inflation? If you’re looking to increase your income streams, high monthly dividend stocks might be just what you need. Not only do they offer a steady flow of cash, but they also have the potential for growth, making them a valuable addition to any portfolio.
Best high monthly dividend stocks with growth
But with so many stocks out there, it can be hard to know where to start. That’s why we’ve put together a list of some of the best high monthly dividend stocks with growth. These stocks have proven to be reliable income generators and have a history of outpacing the market.
Realty Income Corporation (O)
Realty Income Corporation, also known as “The Monthly Dividend Company,” is a real estate investment trust that specializes in acquiring and owning freestanding commercial properties. It pays monthly dividends to shareholders and has a long history of increasing its dividend payouts.
The company’s portfolio is diverse, with properties ranging from convenience stores to drugstores. With a yield of 4.5%, it’s one of the highest-yielding monthly dividend stocks on the market.
Brookfield Renewable Partners L.P. (BEP)
Brookfield Renewable Partners is a leading global renewable energy company. It operates a diverse portfolio of renewable energy sources, including wind, solar, and hydro power.
The company has a solid track record of growth and has increased its dividend payouts every year since its initial public offering in 2013. With a yield of 5.2%, it offers one of the highest yields in the renewable energy sector.
TerraForm Power, Inc. (TERP)
TerraForm Power is a renewable energy company that owns and operates a portfolio of solar and wind assets. The company’s focus on renewable energy, combined with its monthly dividend payouts, makes it an attractive choice for income-seeking investors. TerraForm Power has a yield of 4.3% and has a history of steady growth.
Main Street Capital Corporation (MAIN)
Main Street Capital Corporation is a business development company that invests in small and lower middle market companies. The company’s investments are primarily in the form of debt and equity securities and it pays monthly dividends to shareholders.
With a yield of 6.5%, it’s one of the highest-yielding monthly dividend stocks on the market. Additionally, Main Street Capital has a history of steady growth and has increased its dividend payouts for 8 consecutive years.
Gladstone Land Corporation (LAND)
Gladstone Land Corporation is a real estate investment trust that invests in farmland and agricultural properties. The company leases its properties to farmers, generating a steady stream of income.
Gladstone Land has a yield of 4.3% and has a history of steady growth. Additionally, the company’s focus on farmland provides a hedge against inflation, making it a valuable addition to any portfolio.
Conclusion
In conclusion, these stocks offer a unique combination of steady income and growth potential. Whether you’re looking to supplement your retirement income or just want to diversify your portfolio, these high monthly dividend stocks are worth considering.
Remember, always do your own research and consult with a financial advisor before making any investment decisions. Happy investing!
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