These seven monthly dividend stocks are good values today
It’s no secret that interest rates are slumping. Many banks
offer no return on savings accounts nowadays. Even certificates of deposits and
government bonds often yield 1% or less in today’s environment. With that in
mind, investors are looking to other types of assets to fill the income
gap. Monthly dividend stocks are one appealing option. With a nice
mix of them, income comes in regularly, offering an ideal paycheck substitute.
And many generate yields far higher than fixed income.
Before loading up a portfolio full of monthly dividend
stocks, however, do consider this. The dividend stock space tends to be full of
small companies with more limited operating histories and less robust financial
pictures. The March market collapse was difficult on monthly dividend
companies; quite a few either cut or eliminated their dividends.
As such, a prospective investor should consider their
investments in the monthly dividend arena closely. The good news, though, is
that many monthly dividend companies have continued to prosper despite the novel
coronavirus. These seven monthly dividend stocks offer investors a strong
income stream today and the possibility of significant capital gains going
forward:
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