These monthly dividend stocks have never been cut
Are you tired of investing in stocks only to find out they’ve been cut? It can feel like a game of whack-a-mole trying to find stocks that won’t let you down. Luckily, there are some monthly dividend stocks out there that have never been cut. That’s right, never.
These monthly dividend stocks have never been cut
Before we dive into these reliable stocks, let’s talk about why monthly dividends are great in the first place. Unlike quarterly dividends, monthly dividends offer a more consistent stream of income. And let’s be real, who doesn’t love getting paid every month?
Now, onto the main event. Here are some monthly dividend stocks that have stood the test of time and have never been cut.
Realty Income (O) – Also known as “The Monthly Dividend Company”
Realty Income is a real estate investment trust (REIT) that owns over 6,500 properties across the United States. Their tenants include some of the biggest names in retail, like Walmart and Walgreens. Since 1969, Realty Income has paid a monthly dividend and has increased that dividend for 53 consecutive years. That’s some serious dedication to their shareholders.
STAG Industrial (STAG) – Another REIT
STAG Industrial focuses on industrial properties, like warehouses and distribution centers. With tenants like Amazon and FedEx, it’s no wonder they’ve been able to maintain their monthly dividend without any cuts. They’ve been paying a monthly dividend since 2011 and have increased it every year since 2014.
Main Street Capital (MAIN) – If you’re looking for a more diverse portfolio
Main Street Capital might be the stock for you. They’re a business development company (BDC) that invests in middle-market companies across various industries. Since going public in 2007, Main Street Capital has paid a monthly dividend and has never cut it. They even managed to increase their dividend during the 2008 financial crisis.
Shaw Communications (SJR) – Based in Canada
Shaw Communications is a telecommunications company that provides internet, cable, and phone services. They’ve been paying a monthly dividend since 2004 and have never cut it. In fact, they’ve been able to increase their dividend every year since 2017.
Pembina Pipeline (PBA) – Another Canadian company
Pembina Pipeline is a transportation and midstream service provider for the energy industry. They’ve been paying a monthly dividend since 2010 and have never cut it. In fact, they’ve been able to increase their dividend every year since 2012.
A good sign
Now, these stocks aren’t without their risks. As with any investment, there’s always a chance that something could go wrong. But the fact that these stocks have never cut their monthly dividends is a good sign that they’re committed to their shareholders.
ETFs (exchange-traded funds)
In addition to these monthly dividend stocks, there are also ETFs (exchange-traded funds) that focus specifically on monthly dividend stocks.
One example is the Global X SuperDividend ETF (SDIV), which holds a portfolio of 100 equally weighted global companies that pay monthly dividends.
Final thoughts
So, if you’re looking for some reliable income from your investments, consider adding some monthly dividend stocks to your portfolio. And if you’re feeling lucky, maybe try your hand at the Global X SuperDividend ETF. Who knows, you might just strike it rich (but no promises).
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