However, the key isn’t solely in finding monthly dividend-payers. By strategically selecting and combining companies that distribute their dividends in different months, it’s possible to craft a portfolio that generates monthly returns.
You don’t even need that many stocks to do it. Below is an example of three stocks that, when combined, yield dividends on a monthly cadence.
Just remember, stocks are volatile and dividends are not carved in stone. So always conduct comprehensive research and due diligence before diving in.
Procter & Gamble is deeply entrenched in the consumer staples business. With well-known brands like Tide, Bounty, Gillette and Pampers, the company offers a range of products that households buy regularly, allowing it to generate consistent revenue through thick and thin.
The resilient business model allowed the company to not only pay reliable dividends but also to increase them year after year.
In April, P&G’s board approved a 3% increase to the quarterly payout to 94.07 cents per share, marking the 67th consecutive year the company has raised its dividend.
At the current share price, P&G offers an annual yield of 2.49%. The company usually pays dividends on the 15th day of each February, May, August and November.