You need money to make money with dividend stocks. And if you have about $52,000 that you can afford to invest in some quality long-term investments, you can also benefit from monthly dividend income. Healthpeak Properties (NYSE: PEAK), TC Energy (NYSE: TRP), and Western Union (NYSE: WU) all pay high dividend yields of more than 5%. And they all issue their payouts at different times of the year, so if you invest in all of them, you can collect recurring monthly income.

Here's how much you would have to invest in each one of these stocks to earn $300 every month.

Healthpeak Properties is a healthcare-focused real estate investment trust (REIT) with an attractive yield of 6% today. It pays a dividend every February, May, August, and November. Investing $20,000 into the stock would provide the investor with $1,200 over the course of a full year, or $300 every time the REIT pays dividends.

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Source Fool.com