Want $100 in Monthly Dividend Income? Invest $15,853 in These 2 High-Yield Stocks.
Dividend stocks are a great way to generate income from your investments. But if you're looking for consistent monthly income, you'll be hard-pressed to find a lot of options.
Most dividend stocks pay out on a quarterly basis, which can create lumpy investment income. Those that pay monthly are few and far between, which can make it difficult to find monthly dividend stocks that are trading at an appealing price. Two companies, however, fit the narrow bill and could provide a consistent $100 per month in your pockets, at least until their next dividend increase.
If you want $100 in monthly dividend income put $15,853 to work in a combination of Realty Income (NYSE: O) and SL Green Realty (NYSE: SLG). Both real estate investment trusts, or REITs, have seen their share prices beat up in a high-interest-rate environment, but now may be a great time to buy shares.
Source Fool.com
