The market's been on a rollercoaster lately. The Nasdaq just had its worst week since early 2022, the S&P 500 took a beating, and even those mighty tech giants are showing signs of weakness. With all the uncertainty swirling around interest rates and the economy, it's more important than ever to build a portfolio that can withstand the storm.
And you know what's better than a quarterly dividend check? A dividend check that hits your account every 30 days – a steady stream of income, rain or shine!
Apple may be getting all the hype with its big product event this week, but let's face it, their 0.5% dividend yield is barely a blip on the radar. Besides, who wants to be caught holding tech stocks when those Fed rate cuts send the market into another tailspin?
Forget Apple! I want you to check out these 3 monthly dividend stocks that offer reliable income and the peace of mind knowing your portfolio is built for the long haul…
1. Realty Income (O): The “Monthly Dividend Company”
Realty Income (O) isn't called “The Monthly Dividend Company” for nothin', folks! They've built a reputation for consistent payouts and a rock-solid business model that's stood the test of time. As analysts at Barchart noted, Realty Income has a formidable portfolio of over 15,450 properties across the US, UK, and Europe. What's their secret? That triple-net long-term lease structure! They lock in tenants for an average of 9.6 years, guaranteeing a steady stream of income regardless of market swings.
And the best part? Realty Income is obligated to pay out 90% of its earnings as dividends – it's the law for REITs. That gives you an extra layer of confidence in those monthly checks.
Here's the bottom line: You're getting a 5.08% forward dividend yield, paid out monthly. Compare that to Apple's paltry payout and tell me which one sounds better for your retirement plan.
2. Main Street Capital (MAIN): The Quiet Giant of BDCs
Next up, we have Main Street Capital (MAIN), a business development company (BDC) that's quietly been crushing it for years. This is another monthly dividend payer that understands the power of consistency. As Benzinga pointed out, Main Street Capital has a remarkable track record: they've never reduced their dividend and have boosted payouts by a whopping 120% since going public.
But here's where Main Street Capital gets really interesting: They focus on financing smaller businesses – the kind of companies that are often overlooked by traditional banks. That gives them access to a pool of high-yielding investments that most investors just ignore.
The takeaway: Strong performance, a growing dividend, and a business model built for long-term success. Main Street Capital is currently offering a yield that dwarfs anything you'll get from big tech, and they’re paying you every month.
3. Stag Industrial (STAG): The Industrial REIT Powerhouse
Stag Industrial (STAG) is an industrial REIT that’s flying under the radar while offering a hefty 3.6% dividend yield… paid monthly! They’re laser-focused on one of the most resilient sectors of the real estate market: industrial properties.
Think warehouses, distribution centers, and the kind of facilities that keep the economy humming. As Benzinga reported, Stag just crushed its second-quarter earnings, with revenue up over 10% year-over-year. This tells us they’re not only surviving, they’re thriving in a challenging economic environment.
The key takeaway here: Stag is tapping into a powerful demand for industrial real estate that’s only going to grow stronger as e-commerce and supply chain disruptions continue. They're a solid company operating in a booming sector, and they’re sending you cash every month.
Forget Apple, Build Your Income Stream Today!
Instead of chasing high-flying tech stocks that could crash and burn at any moment, why not focus on building a steady, reliable income stream? These 3 monthly dividend payers will put cash in your pocket every 30 days. It’s a winning strategy for any market condition – and a whole lot less stressful than riding the tech roller coaster.
Don't forget to download my free report with in-depth analysis of these monthly dividend payers, including dividend safety scores and key insights! Just click the link below.
Download the Monthly Dividend Report Now!
And stay tuned for tomorrow's article, where I’m going to expose a bold, contrarian play: Why Warren Buffett is ditching Bank of America – and which 2 high-yield bank stocks you should buy instead. You don't want to miss this!