Investing $27,550 in These 3 Dividend Stocks Can Bring You $100 a Month

Investing in dividend stocks can be a great way to grow your portfolio even if you are worried about whether your investments themselves will rise in value. The recurring income can help boost your savings and provide you with more money to invest in other stocks. You can even use dividend income to help pay bills or cover expenses. The one downside is that many dividend stocks don't pay on a monthly basis. However, by holding multiple income investments, you can ensure that you're collecting dividends every month.

Three stocks with different payment schedules that could make for attractive options for income investors include Healthpeak Properties (NYSE: PEAK), TC Energy (NYSE: TRP), and Western Union (NYSE: WU). Not only can they diversify your portfolio, but they all pay you more than the 1.3% yield you'll get with the average stock in the S&P 500. Here's how you can earn $100 every month from each one of these investments.

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Source Fool.com