These companies will pay you every month for holding their stock
Dividends are a great way to make passive income, but most pay quarterly throughout the year. If you are looking for a more consistent monthly payout, then check out these stocks that pay you every single month. Please note that this is not financial advice, and you should do your own research on any investment before deciding where to invest your money.
Realty Income (O)
This dividend aristocrat has been increasing its dividend for over 25 years and paying out on a monthly basis. Search for “best monthly dividend stocks” and you will likely find it on any list you come across. There is a reason it is known as The Monthly Dividend Company.
Realty Income is a Real Estate Investment Trust (REIT), which means it is required to pay out 90% of its earnings to its shareholders. It’s currently yielding an attractive 4.62% dividend return and is priced below where it was trading before last year’s pandemic-related sell-off.
Pembina Pipeline Corp (PBA)
This Canadian pipeline company is poised to benefit from the expected energy bump once the economy starts to more fully open back up again.
In addition to having room for the stock to grow, it pays out a monthly dividend. Pembina’s current yield is 7.15%, and it is currently trading at around $27 a share.
O’Shares U.S. Quality Dividend ETF (OUSA)
This ETF yields 2.14% and carries a .48% expense ratio, which might not seem as attractive as some of the higher-yielding stocks on this list at a quick glance. However, it has a strong growth record since its inception in 2015 and is comprised of some of the best companies in the world.
Its chairman, Kevin O’Leary of Sharktank notoriety, touts the ETF as owning stocks that are well-suited to endure tough economic times. There are no real estate or energy companies in this ETF. Some of its holdings are Microsoft, Apple, The Home Depot, and Johnson & Johnson. There are not too many ways to own companies such as these while getting paid consistent monthly dividends.
STAG Industrial Inc (STAG)
This monthly dividend company is another REIT, which focuses mostly on industrial properties. It’s currently yielding 4.62% and is popular amongst institutional investors.
STAG has shown good growth as of late and has increased its dividend for the last seven years. It’s currently trading for around $31 a share and has weathered the pandemic fairly well. A large number of its properties are warehouses, which are needed more than ever due to the prevalence of online shopping.
Shaw Communications Inc (SJR)
This telecom company is one of the largest in Canada. It pays out a monthly dividend and is currently yielding 5.25%. It provides internet, video, and wireless, mostly in the western parts of the country.
It’s trading under its pre-pandemic share price but has been adding new wireless customers at a brisk pace, and some analysts see it as being undervalued at its current price of around $17.