2 “Workhorse” Monthly Dividend Payers Yielding up to 6% (With Upside)

Our Archive

Search completed

Let’s jump on the market’s September slide and grab ourselves a sweet “double discount” on 358 totally ignored income plays—and some sweet 6%+ dividends, too. And our new income stream will pay us monthly!

Going Where Other Dividend Investors Don’t

Our route to this big monthly payout does an end run around the misers of the S&P 500. Even though the market dove 3.5% in September, that was only enough to drive yields on the big-name stocks up by—wait for it—0.07%.

In other words, if you dropped a million bucks into an ETF like the SPDR S&P 500 ETF Trust (SPY) in early September, you’d be generating $12,300 in yearly dividends.… Read more

Read More

When it comes right down to it, we dividend investors really only need three things:

  • Bargain stocks with …
  • High current yields and ideally …
  • Monthly payouts—so we can line up our income with our bills and reinvest our dividend cash without having to wait for three long months.

I know—this list is cute, but it sounds wildly out of step with the times.

After all, the COVID rally has sliced the typical S&P 500 stock’s yield to an unlivable 1.4%. And bargain valuations? Ha! Stocks trade at a helium-powered 37-times their last 12 months of earnings right now.

And we all know that to get monthly payouts, we must look beyond the popular stocks to lesser-known plays like real estate investment trusts (REITs) and closed-end funds (CEFs).… Read more

Read More

What’s better than a 6% yield paid every quarter?

An 8% annual yield—paid every month—of course.

These hidden gems aren’t easy to find, but they are out there. While 99% of the market’s dividend payers dish out dollars every quarter or longer, it is possible to find dividends that match up with our monthly bills.

Monthly dividends can be a “must have” in retirement. While those in the workforce can cash a check once or twice a month, retirees don’t have active income. (That’s the point of retirement—less required activity!)

Our leisure and financial security is possible. We simply need our money to work harder for us.… Read more

Read More

Can we income seekers safely get back into REITs (real estate investment trusts) next year?

With the yield on the S&P 500 about to drop to a sad 1.5% (thanks, Tesla (TSLA) addition), renewed REIT-hope sure would be nice! The landlord industry index Vanguard Real Estate ETF (VNQ) pays 3.5%. That’s a dividend oasis in this zero-point-nothing world.

Once upon a time, VNQ performed in-line or better than the blue-chip index. It was a pretty good deal, as you could double your dividend and keep up with the Joneses’ portfolio with less heartburn.

Then, April 2020 came along, tenants stopped paying rents, and REITs-at-large got crushed:

A Good REIT Run While It Lasted

Does the fork-in-the-road above represent a paradigm shift or relative value?… Read more

Read More

Mortgage payments. Car payments. Cell-phone bills. Power bills. Water bills. Credit card bills.

Yuck. They’re the only downside to being retired!

These bills show up (or debit our accounts) every single month. That’s OK when we have a normal j-o-b that pays us every couple of weeks, or every month. But this regular bill gets really old when we retire.

Like you, I prefer to retire on dividends (and leave my nest egg alone). Problem is, most dividends are paid out every quarter, not every month.

So, dividend cash flow is (unfortunately) often out of sync with every-30-day expenses.

Some income investors build out complicated dividend calendars that get knocked out of whack whenever they ever have to sell certain stocks.… Read more

Read More

We’ve just been handed a unique opportunity to grab 7.9%+ dividends—and price upside, too.

Now it does involve some risk, and you’ll have to be quick to reap the biggest gains (and dividends). But there’s one unsung fund that can help you cancel out that risk—and grab a huge payout, too. More on that at the end of this article.

A Contrarian High-Yield REIT Strategy for Huge Cash Payouts

First up, the opportunity we’re going to dive into today revolves around real estate investment trusts (REITs) that invest in shopping malls and other retail properties.

If you’ve been reading columns written by me and my colleague Brett Owens, you know we’ve been critical of retail REITs, which were being decimated by Amazon.comRead more

Read More

These 31 dividends are more than just safe. They are likely going up between now and October!

Recently, S&P Dow Jones Indices’ Howard Silverblatt put a hard number on 2020’s tough dividend decay, writing that second-quarter payouts were whittled down by $42.5 billion during the second quarter. The worst might now be over. Here’s a key excerpt from Silverblatt’s latest note about the month of July (emphasis mine):

“There were significantly fewer dividend actions, as 15 issues increased their dividend rates, one issue initiated dividends, two decreased them (including Wells Fargo’s USD 6.8 billion cut, the second-largest in index history), and one suspended them.Read more

Read More

Right now, millions of people are plowing cash into this market, gambling that the worst of the dividend cuts is behind us.

I hope you’re not one of them, because this “dividend trap” is likely to spring—and steal away the income (and value) these folks have spent years building!

Just look at the numbers: unemployment is likely over 20%. Consumer spending cratered 7.5% in March, before this mess even really got started. And now Uncle Sam is demanding that any company seeking government aid first send its payout to the scrapyard.

Meantime, even cash-rich companies are pulling in their horns, like the Walt Disney Co.Read more

Read More

If you’re like many investors these days, you’re warily eyeing your portfolio, wondering where the next dividend cut will come from.

Fear of dividend cuts is reasonable, even if you hold the Dividend Aristocrats—the 63 S&P 500 firms that have raised their payouts for 25 years (or more). This club includes well-known names like McDonald’s (MCD), Lowe’s (LOW), Kimberly-Clark (KMB) and Procter & Gamble (PG), as well as less familiar firms, like Sysco (SYY), VF Corporation (VFC) and Linde (LIN).

For many folks, the Aristocrats are sacred cows. But the crisis will inevitably force some of these companies to cut payouts in the weeks and months ahead.… Read more

Read More

These 39 stocks are supposed to hike their dividends soon. How many of these raises are still going to happen?

The first-quarter earnings season is approaching, and that typically means a weekly flow of companies announcing upgrades to their regular payouts. Indeed, I’m about to show you 39 stocks, yielding up to 47.9%, that are on the schedule and expected to deliver dividend raises over the next couple of months.

However the sudden bear market has thrown a gigantic monkey wrench into this quarter’s dividend routine. Dividends are dropping like flies.

Read more

Read More

Categories