3 Stocks That Pay You Each Month
With the coronavirus pandemic bringing jobs, businesses, global trade, and economies to a grinding halt, it's a great time to consider dividend stocks for their passive income. But while most dividend-paying companies make quarterly payments, there are a handful of good stocks that pay dividends monthly.
A real estate investment trust (REIT) often pops into mind when you think about monthly dividend-paying stocks, given that such REITs are required to pay at least 90% of their taxable income as dividends to shareholders, and can therefore often afford stable monthly payouts. I like two REITs in particular -- an industrial and a healthcare REIT. The third stock I like is an oil and gas play.
Each of these companies not only pays a dividend each month but also boasts a good dividend track record and strong growth potential to support those dividends.
Source Fool.com
