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The Best Monthly Dividend Stocks

Published Wed, 11 May 2016 14:48:21 -0400 on Seeking Alpha

This post was written by Dirk S. Leach for Sure Dividend
While most dividend paying stocks that trade on exchanges in the US pay quarterly, there are some stocks that pay their dividends on other schedules.
A handful pay their dividends semi-annually while there is a larger population of monthly dividend stocks. While only one aspect should be considered in selecting stocks for investment, monthly dividend payments can be advantageous for building wealth over time and to smooth out a dividend retirement income stream.
In my own personal portfolio, the largest portion of my stock holdings make dividend payouts in May, August, November, and February. I have to manage the family finances to ensure those quarterly payments last until the next quarter's payments. If the majority of my holdings were monthly dividend stocks, it would be easier to manage the family's cash flow.
As I inferred above, my family and I live off our investment income so I do not use a Dividend Reinvestment Plan (DRIP). We spend most of the investment income our portfolio generates. However, when I was working hard to build wealth, I did use DRIPs often to insure I had a systematic and disciplined investment strategy. There is a small benefit to be gained through monthly compounding in a DRIP versus quarterly compounding. Monthly compounding grows wealth just a little bit faster than quarterly compounding. The chart below provides that comparison.

The chart above shows the annual... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
NEW YORK REIT 14.18   0.0 0.00 0.00 276.60
SOLAR SENIOR CAPITAL 17.32   18.8 0.92 1.41 8.17
STUDENT TRANSPORTATION 7.49   28.8 0.26 0.44 7.07
GLADSTONE INVESTMENT 12.34   7.4 1.67 0.82 6.73
GLADSTONE COMMERCIAL 23.28   1.0 0.02 1.50 6.56
EPR PROPERTIES 77.15   22.8 3.38 4.50 5.84
MAIN STREET CAPITAL 43.18   16.8 2.57 2.46 5.69
STAG INDUSTRIAL 29.50   47.6 0.62 1.43 4.93
LTC PROPERTIES 49.71   18.6 2.67 2.28 4.63
SHAW COMMUNICATIONS 20.06   17.6 1.14 0.89 4.44
REALTY INCOME 74.49   56.9 1.31 2.72 3.69
ATLANTIC POWER 2.43   10.6 0.23 0.00 3.66
ENERPLUS RESOURCES FUND 7.31   5.3 1.37 0.09 1.26

NEW YORK REIT - NYRT
NEW YORK REIT - NYRT  


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