In the realm of dividend stocks, many companies align with a quarterly distribution schedule. However, consider this: what if you could receive dividend payments every month instead of waiting for a check every three months?
Believe it or not, this is entirely possible. There’s a special group of companies that pay monthly dividends, such as Realty Income Corp. (NYSE:O), which has been doing so for an extended period. Real estate, in particular, has become a popular sector for investors seeking passive monthly income because tenants typically pay rent on a monthly basis.
But the real key is not just in finding companies that pay monthly dividends. By strategically selecting and combining companies that distribute dividends in different months, it’s feasible to design a portfolio that generates monthly returns. In fact, you don’t need a large volume of stocks to reach this goal. Here’s an example of three stocks that, when combined, yield dividends on a monthly basis.
Keep in mind, however, that stocks are volatile, and dividends are subject to change. Extensive research and due diligence are essential before making any investment.
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Procter & Gamble Co. (NYSE:PG)
Procter & Gamble holds a prominent position in the consumer staples industry, offering well-known brands like Tide, Bounty, Gillette, and Pampers. This enables the company to generate consistent revenue throughout the year, leading to reliable and increasing dividends for shareholders.
In April, P&G announced a 3% increase in the quarterly payout to 94.07 cents per share, marking the 67th consecutive year of dividend increases.
P&G currently offers an annual yield of 2.49% and typically pays dividends on the 15th day of February, May, August, and November.
Coca-Cola Co. (NYSE:KO)
Beverage giant Coca-Cola has a strong track record of returning cash to investors. In 2022, it paid shareholders $7.6 billion in dividends and raised its quarterly payout from 44 cents to 46 cents per share, resulting in a yield of 3.14%.
Coca-Cola’s dividends are generally disbursed in April, July, October, and December.
PepsiCo Inc. (NASDAQ:PEP)
Both Coca-Cola and PepsiCo, with their established beverage and convenience food portfolios, have managed to pay consistent dividends, an attractive quality for investors. PepsiCo currently offers a dividend yield of 2.99% and pays shareholders in January, March, June, and September.
Collectively, P&G, Coca-Cola, and PepsiCo provide distributions that span every month of the year, offering a well-rounded dividend portfolio.
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This article Looking For Passive Income? This Dividend Portfolio Will Pay You Monthly originally appeared on Benzinga.com
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