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