While most income-based stocks pay shareholders quarterly, some of the best pay out each month
There’s no denying the obvious. Financial markets across the
globe are unstable since the novel coronavirus hit. Fortunately, when markets
wobble, investors have a simple solution to steady their portfolios by buying
the best monthly dividend stocks. Few equities, if any, provide the rock-steady
stability (while paying you on a month-to-month basis just to own them, no
less) than the following companies.
Monthly dividend-payers dole out income in the form of
dividends (or distributions) each month, as opposed to each quarter.
This group of stocks looks particularly attractive on the
heels of rising coronavirus concerns and escalating market turmoil. Most of
these monthly dividend stocks are based in North America, with limited
international presence. These stocks should be relatively isolated from
coronavirus risks for the time being.
Because their financials must support a monthly dividend
payment, the companies in this space are stable by nature — their operations
are steady, their fundamentals are positioned for the long term, and their cash
flows are consistent. Such stability should be highly attractive to investors
amid recent market instability.
At the same time, these stocks pay investors big yields.
That’s worth a lot today. Fixed income yields are plunging to record lows, to
the point where buying a bond won’t give you much real return these days.
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