Get Paid! Monthly Dividend Stocks 101 and How to Invest
Use monthly dividend stocks to pay your bills or compound your portfolio. A complete guide to monthly dividend stocks and how to invest! 🤑 The Weekly Bow-Tie – FREE weekly newsletter with market updates, trends and the most important news! https://mystockmarketbasics.com/dailybowtie
Most stocks only pay dividends every three months but that’s not how bills work so what better way to pay your monthly budget for pop-tarts than with these special dividend stocks that are going to put cash in your pocket every single month!
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Now I try to show you a little of how to invest in these each video but it occurred to me that we’ve never done a complete monthly dividend stocks tutorial, a single video to help you find and invest in the best monthly dividend payers.
So by the end of this video, you’ll have everything you need for that monthly cash flow. You’ll know not only how monthly dividend stocks work but the risks in these cash flow investments. I’ll show you how to find monthly dividend stocks and how to invest then reveal my favorite monthly dividend funds and stocks to buy right now!
Finding monthly dividend stocks isn’t difficult. I keep a list of the monthly dividend payers and ETFs on my blog, My Stock Market Basics. You’ll find the dividend yield, annual payout over the last year along with five-year returns. To check the dividend dates and payouts for each stock, you go to the stock’s page on Yahoo Finance. Then you click on Historical Data in the menu and can view over different time periods. Change this to show dividends only and click apply to see the ex-dividend dates and dividend payments for the stock. https://mystockmarketbasics.com/list-of-monthly-dividend-stocks/
Looking into these, you’re going to see there’s something special about monthly dividend stocks even beyond that consistent cash flow. These monthly payers go above and beyond in their commitment to shareholder cash return.
Because they have that pledge to monthly dividends, management is laser-focused on cost management and efficiency. You see less wasteful spending and fewer vanity projects at these companies than you do at others because cash management is always top of mind.
The most important point to realize about monthly dividend stocks is that these are mostly in just a few types of business models. Of the 60 monthly dividend payers and funds I follow, 37 are in just three types of businesses and almost all the rest are exchange traded funds. You see here there are 17 real estate investment trusts and mREITs, 8 master limited partnerships or MLPs and 12 business development companies or BDCs. The rest here are funds holding bonds, stocks or other assets and paying monthly.
At the basic level, monthly dividend stocks work like any other. The Board of Directors declares a dividend each month and tells investors the day they have to own the shares to get the payment. That’s the day before the ex-dividend date. Because investors depend on that cash flow, most companies try to declare and pay their dividends around the same time each month.
0:00 Monthly Dividend Stocks 101
0:28 Why Should You Invest in Monthly Dividend Stocks?
1:28 How are Monthly Dividend Stocks Different?
3:04 How Monthly Dividend Stocks Work
4:48 How to Find Monthly Dividends
5:17 How to Invest in Monthly Dividends
6:20 Best Monthly Dividend Funds to Buy
10:33 My Favorite Monthly Dividend Stocks
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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.
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