how's it going today guys I hope you're
having a fantastic day so in this video
here we're going to be talking about
some monthly dividend paying stocks a
lot of people don't realize this but
monthly dividend rather than paying a
quarterly a biannual or an annual
dividend so most companies out there
paid dividends on a quarterly basis or
four times per year but there's nothing
saying they have to do that
some companies decide to pay a dividend
once a year or twice a year or in this
case we're going to be talking about
companies that pay dividends every
single month or 12 times per year now
why would a company not want to do this
it's because of the actual cost of
paying that dividend mailing out the
checks taking care of all the accounting
so the less often you pay dividends the
more cost-effective it is for you from a
business perspective however these
monthly dividend stocks do attract a
certain type of investor and that is
typically somebody who is living off of
their dividend income they're investing
their money and they're looking to live
off of their dividends and so it's not
very convenient to get paid four times
per year so if you made a fifty-two
thousand dollar per year salary you
would probably be getting paid $1,000
per week or $2,000 bi-weekly now if you
replaced that 52 thousand dollar salary
with dividend income and you were
investing in dividend stocks that paid
quarterly dividends you would be getting
a check for $13,000 four times per year
and it would be extremely difficult to
actually manage that money and keep
track of your spending and make sure
that you don't spend too much money
getting paid just four times per year so
these monthly dividend stocks are
convenient for people who are looking to
take advantage of those dividends
they're looking to live off of that
dividend income and get those checks
every single month now I will say two
things first of all if you have no
interest in living off of your dividend
income then it does not matter when
these dividends are paid you're going to
be reinvesting them hopefully in the
issuing stock to allow yourself to earn
compound interest so it does not matter
how often that dividend is paid so don't
automatically assume a monthly dividend
stock is going to be better than a
quarterly or annual dividend stock but
if you are looking to take
advantage of that dividend income and
you're using that to live off up then a
monthly dividend stock might be a
priority for you and the other thing I
have to mention of course is don't
simply go after a high dividend yield
that is a trap a lot of investors fall
into they simply invest in a stock that
is currently yielding the highest
dividend but let's go ahead and talk
about five stocks that pay a monthly
dividend and these again are in no
particular order and I'm not necessarily
saying these are a good investment or a
bad investment these are just popular
stocks that monthly dividend investors
are purchasing number one is Realty
income Corp they trade in the New York
Stock Exchange under the symbol o this
is a REIT or real estate investment
trust and essentially this REIT invests
in freestanding single tenant commercial
real estate in the United States and the
slogan of this company is the monthly
dividend company so they are very
prominently known for being a monthly
dividend stock so Realty income Corp
currently pays a monthly dividend of 22
cents per share or a four point six
seven percent dividend yield coming in
at number two is LTC properties they
trade on the New York Stock Exchange
under the symbol LTC this again is
another real estate investment trust
that owns and operates senior housing
nursing and health care centers now they
pay a monthly dividend of 19 cents and
they currently have a five point two
nine percent dividend yield
number three is Shaw communications this
is a Canadian telecommunications company
and this stock trades under the symbol
SJ are on the New York Stock Exchange
now Telecom you're typically going to
see a high dividend yield but not much
growth potential this is very similar to
stocks like AT&T and Verizon they're
able to generate a lot of consistent
income from that business because of its
subscription model but there's not
really a lot of growth potential for
this industry as a whole so show
communications pays a monthly dividend
of seven cents per share giving it a
four point six one percent dividend
yield
number four is Pembina pipeline Corp
they trade on the New York Stock
Exchange under the symbol PBA now this
one here is actually not a real estate
investment trust this is a pipeline
operator and provide
energy infrastructure services but again
keep in mind when you're investing in a
company like this you are exposing
yourself to the very volatile oil prices
so that is one of the main reasons why I
do not invest in oil stocks so Pembina
pipeline core piece a 14 cent dividend
per month giving it a four point nine
percent dividend yield and then fifth
and finally we have main street capital
a trade on the new york stock exchange
under the symbol main and this is a
publicly traded investment fund that
extends loans to small or mid-sized
companies and the dividend yield is tied
to the return from those investments so
this can be a risky investment because
they're involved in loans usually when
you're in a good economy people are
doing well as far as paying back those
loans because everyone is making money
but when you see a retraction in the
overall economy that is when you
typically begin to see more people
defaulting on those loans so you'd want
to be careful investing in a company
like this but Main Street capital pays a
19 cent dividend per month giving them a
five point six five percent dividend
yield so if you are somebody who is
seeking monthly dividends these would be
stocks you'd want to look into and do
some more research
but again like I said if you guys are
investing in your reinvesting those
dividends through a drip it does not
matter how often these companies are
paying dividends so do not solely invest
in a company because it is paying a
monthly dividend but anyways guys that's
gonna wrap up this video these are five
monthly dividend paying stocks I hope
you enjoyed it and I will see you in the
next one if you are interested in
learning more about investing in the
stock market I've created a free course
just for you the link is in the
description below here are a few other
videos you might enjoy as well
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