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 a there is
a larger population of monthly dividend stocks. While only one aspect that
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, I and my family live off our investment
income…
Source: Insider Monkey