Stocks With Monthly Dividends?

[james.hendrickson]

Hi Guys,

I used to be pretty into Canroys but Canadian tax law changed and made them way less profitable.

Are there any monthly dividend paying stocks you guys like?

[97guns]

my dad retired early with a boatload of hawaiian electric and verizon, he kept rolling the dividends into more shares during his working years and when he stopped working then he took the dividend checks. most members here believe i have tunnel vision with my RE investments but its the furthest from the truth, dont believe what they say about me

[rennigade]

dont forget you also collect shiny metals. you're a millionaire in the form of shiny metal and wood structures...neither of which can buy you a single item at a grocery store in their current form. cool. ill keep punching a clock though...im the idiot, lulz.

[97guns]

your words, not mine... at least your smart enough to realize your an idiot

[Outdoorsygal]

is that you? you're cute

I'd visit the bogglehead forum for that advice, aside from asking here

[Outdoorsygal]

dont forget you also collect shiny metals. you're a millionaire in the form of shiny metal and wood structures...neither of which can buy you a single item at a grocery store in their current form. cool. ill keep punching a clock though...im the idiot, lulz.

changed mind

[sv2007]

Is there a major reason for you to want a monthly dividend? While I don't offer any particular stock recommendations, I do know that most dividend stocks pay a quarterly dividend; and to limit to monthly ones, you are possibly limiting better companies. Being in Canada, I assume you know about exchange rate risks WRT USD dividends from US companies (or any other non-CAD cos). If not, it may also play a role in your choices.

[amarowsky]

I forgot who, but someone on this site mentioned Calamos close ended funds a while back. Shortly after I heard my friends father speak of the same funds, and then on a podcast I listen to Dave Horowitz (TDI) The disciplined investor, he mentioned CEF's were trading at massive discounts and could be considered I decided to do some research. I experimented with them, and they have been pretty stable since I bought them. The (4) funds I bought were CHI, CHW, CGO, and CHY. The mix I have is reasonably diversified, probably overall 75% Bond, 25% stock, 75% US, and 25% foreign. They have pretty high expense ratios (1.2% ish ). However, without fail, they have been paying (depending what price you buy at ) between 9-12% dividends paid monthly.

I bought @ around a 10% yield, then they dropped market value 10-15%, but since have recovered over the 1.5 years I have held them. And it was kind of nice having them reinvest while the price was lower, it forced me to keep getting shares at a larger discount. Now they're in the black as far as how much I have put into them, and turned a quite nice DRIP.

Not all roses though, do your research on the risk of CEF's (Close end funds). If you look at a funds information, and notice that most of their dividend payments are coming from liquidation of capital, then you can kind of draw the conclusion that they are eating off of their own stash of cash reserves. They can only pay dividends off of one of three things 1) return of capital (own stash) 2) Short term cap. gains and 3) Long term cap gains.

They have been returning a lot of capital recently, and I feel that is because of their need to defend against the recent recession. over the past few years, it appears that most of the funds were paying dividends primarily out of gains.
I wouldn't recommend this for a your whole investment, but perhaps as a portion of your bond portfolio, it can suffice somewhat. It is a riskier option.
Personally, I have some in my taxable account, but the lions share of my taxable account is in SP500 or Total stock market index etfs (TSM's).

From boggle heads you'll probably just get presented the 3 fund portfolio for the passive investor. And there is no strong argument to NOT adopt that, especially if your just starting off investing. I have picked plenty of stinker moonshots, and since really reading into the 3 fund passive portfolio, have been opportunistically re balancing my portfolio towards full throttle passive for the majority of my taxable brokerage account. About 4 months into buying them I thought I may have made a mistake, but they rebounded and have since made me feel better about my holding position on them.

[james.hendrickson]

Another way to get monthly dividends is just to hold a WHOLE BUNCH of dividend paying stocks. If you get the ownership right, you get payments pretty much every month.

One guy who has been super good at this is Joshua Kennon - the guy has smaller lots in dozens and dozens of companies - its gotten to the point where its becoming an accounting hassle for him.

http://www.joshuakennon.com/

[frugal saver]

Another way to get monthly dividends is just to hold a WHOLE BUNCH of dividend paying stocks. If you get the ownership right, you get payments pretty much every month.

One guy who has been super good at this is Joshua Kennon - the guy has smaller lots in dozens and dozens of companies - its gotten to the point where its becoming an accounting hassle for him.

http://www.joshuakennon.com/

I used to not mind doing my taxes but as I've gotten more involved in investing--and they keep changing the rules--it's getting to be more and more of a hassle. Not enough to make me want to pay someone, of course.

The problem (as I see it) with current dividend stocks is that they've become a "thing" and most of the good ones have become overpriced. The list I gave over in the "what stocks do you own" thread are all solid dividend paying stocks.

[bjl584]

Hi Guys,

I used to be pretty into Canroys but Canadian tax law changed and made them way less profitable.

Are there any monthly dividend paying stocks you guys like?

Most of my stocks pay a dividend. I currently roll them and buy more shares.

I own a fund that pays a monthly dividend.
CHI

I've done well with it over the past several years, but I'm thinking of taking some of it off the table now that interest rates are starting to creep up.

[Gwenstacy]

Monthly Dividend Stocks

Buying a stock with monthly dividend rather than a quarterly payout has an added advantage: you can multiply your income faster by more frequently reinvesting in the company’s stock. It works exactly the same way as compounding works in an interest-paying bank account, where you can multiply your income by reinvesting your profit.

But most of the blue-chip companies included in the S&P-500 index pay quarterly dividends. Investors seeking a monthly dividend income are usually left with real estate income trusts (REITs) or business development companies with a basket of risky portfolios.

1) Realty Income Corporation
2) EPR Properties
3) Shaw Communications Inc.
4) Main Street Capital Corp.

[Fishindude77]

I like stocks that pay a dividend, but ours pay quarterly.
For several years we've been averaging about $7500 per year in dividend checks. That's out going out to eat and drinking money


dont forget you also collect shiny metals. you're a millionaire in the form of shiny metal and wood structures...neither of which can buy you a single item at a grocery store in their current form.
Kind of hard to buy a cheese burger with a stock certificate too.

[StormRichards]

Kind of hard to buy a cheese burger with a stock certificate too.

I will give you a cheeseburger, double even, for a share of BRK.A

[QuarterMillionMan]

Ticker symbol FKINX, Franklin Income A Fund, pays a 5.33% yield, not monthly but I believe quarterly.

97 guns pointed out Verizon which pays a 4% dividend.