7 Monthly Dividend Stocks to Buy for Reliable Income

InvestorPlace2022-08-12

Since the bills come in at 30-day intervals, these monthly dividend stocks are incredibly practical. Realty Income (O): Leveraging over 11,400 properties, Realty Income is also a dividend aristocrat. ...

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In particular, investors should look into monthly dividend stocks to buy for reliable income. Why? The main reason is the cadence of life.\nIn most everyday cases, the bills for the various services that you use come in during 30-day intervals. Therefore, if you’re relying on passive income payouts to knock down some or even all of your obligations, you’re better off investing in monthly dividend stocks.\nAnother point is that the current inflationary storm offers a premium for receiving money now as opposed to later. For instance, the purchasing power of the dollar eroded 6% in 2021 but slipped 5.3% in just the first half of this year. Therefore, it’s better to get money in 30-day intervals as opposed to the traditional 90-day variant, thus bolstering the case for monthly dividend stocks to buy for reliable income.\n\n\n\n\nO\nRealty Income\n$73.86\n\n\nLTC\nLTC Properties\n$43.48\n\n\nPBA\nPembina Pipeline\n$37.59\n\n\nSJR\nShaw Communications\n$27.05\n\n\nMAIN\nMain Street Capital\n$43.04\n\n\nSLG\nSL Green Realty\n$51.02\n\n\nSTAG\nSTAG Industrial\n$33.75\n\n\n\n\n\n\n\n\n\nRealty Income (O)\n\n\nSource: Shutterstock\n\nDividend Yield: 4%\nIf you peruse the internet for monthly dividend stocks to buy for reliable income, Realty Income (NYSE:O) will likely appear at the top of your search results. Structured as a real estate investment trust (or REIT), Realty Income invests in free-standing, single-tenant commercial properties, primarily in the U.S.\nAccording to its website, the company commands a footprint of over 11,400 commercial properties under long-term, net-lease agreements. Better yet, its occupancy rate is 98.9%, having weathered the Covid-19 storm relatively well. In addition, the company covers 72 industries and over 1,100 different clients.\nOn the reliability spectrum, Realty Income is both an S&P 500 company and a member of the S&P 500 Dividend Aristocrats index. The key requirement for inclusion is that companies must have increased dividends every year for the last 25 years or more.\nConsidering the hard work that it takes to become an aristocrat of payouts, Realty Income isn’t about to let this status go, making it one of the best monthly dividend stocks to buy for reliable income.\n\n\n\n\n\n\nLTC Properties (LTC)\n\n\nSource: Juice Flair / Shutterstock.com\n\nDividend Yield: 5.2%\nBilled as a REIT investing in senior housing facilities and healthcare via sale-leasebacks, mortgage financing, joint-ventures, construction financing and structured finance solutions, LTC Properties (NYSE:LTC) represents an ideal name for those with an eye toward demographic realities.\nBasically, it comes down to a simple mathematical equation. According to the Pew Research Center, baby boomers represented the nation’s second-largest living adult population.\nEssentially, somebody – actually, many somebodies – will have to care for this age cohort. With most millennials having now settled into their careers and family planning modes, many folks may choose to retire in specialized housing facilities. This dynamic benefits LTC Properties, making it one of the monthly dividend stocks to buy for reliable income.\n\n\n\n\n\n\nPembina Pipeline (PBA)\n\n\nSource: bht2000 / Shutterstock.com\n\nDividend Yield: 5.2%\nBased in Canada, Pembina Pipeline (NYSE:PBA) operates transportation and storage infrastructure, representing a critical component of the nation’s broader security profile. Primarily a midstream player, Pembina is less impacted by the volatility of the upstream segment of the industry (though it does have upstream and downstream assets), which mainly deals with exploration and production concerns.\nAccording to Pembina’s website, the company safely operates over 18,000 kilometers of conventional, transmission and oil sands and heavy oil pipelines across North America. Further, Pembina facilitates linkages between its upstream and downstream assets throughout Canada and parts of the U.S., making PBA an invaluable investment overall.\nBetter yet, PBA is also one of the top monthly dividend stocks to buy for reliable income, leveraging a forward yield of 5.2%. With the energy average yield being 4.24%, this favorable contrast provides another reason for investors to check out Pembina.\n\n\n\n\n\n\nShaw Communications (SJR)\n\n\nSource: JL IMAGES/Shutterstock.com\n\nDividend Yield: 3.4%\nStaying in our northern neighbor’s land for just a bit longer, Shaw Communications (NYSE:SJR) is another Canadian firm ranking among monthly dividend stocks to buy for reliable income. Shaw provides a forward yield of 3.4%, noticeably higher than the communications industry’s average yield of 2.62%.\nFundamentally, Shaw presents an intriguing case because connectivity solutions are a vital lifeline in the modern economy. Providing telephone, internet, television and mobile services, the company is inherently relevant. With a market capitalization at the time of writing of $13.5 billion, however, the company is on the smaller and thus more focused side.\nMainly, Shaw serves home telecom customers located in Alberta and British Columbia. As well, the company provides satellite television throughout Canada.\nWhile SJR isn’t the perfect name among monthly dividend stocks to buy, the underlying company features strong profitability metrics. For instance, its net margin of 15.5% is above the industry median of 5.8%.\n\n\n\n\n\n\nMain Street Capital (MAIN)\n\n\nSource: Shutterstock\n\nDividend Yield: 6.1%\nA private equity firm, Main Street Capital (NYSE:MAIN) specializes in providing long-term debt and private equity capital to lower middle-market companies. Based in Houston, Texas, the company prides itself in its brand, stating that it builds relationships and tailors transactions to meet the needs of its portfolio companies and their owners.\nGiven the rising rate of inflation, Main Street Capital will entice observers, not only because it’s one of the monthly dividend stocks to buy but also for its forward yield. At just over 6%, MAIN offers a payout that’s almost double the 3.18% average yield of the financials sector.\nOf course, with greater rewards usually come greater risk. For Main Street Capital, the obvious concern is its focus on lower middle-market companies. With the vagaries of the economy, at least some of these portfolio firms might not make it to the other side.\nHowever, if you’re bullish on the American recovery over the long run, MAIN could be an interesting idea.\n\n\n\n\n\n\nSL Green Realty (SLG)\n\n\nSource: Shutterstock\n\nDividend Yield: 7.3%\nDiving further into the higher-risk but higher-reward component of monthly dividend stocks to buy, SL Green Realty (NYSE:SLG) is a fully integrated REIT. Its main purpose is to acquire, manage and maximize value of Manhattan-based commercial properties. Primarily, these units include office buildings and shopping centers.\nAt first glance, SL Green Realty might seem risky (because it is) for its narrow geographical focus. Obviously, sticking to one major metropolitan area prevents the company from benefitting from other regions. At the same time, the 2020 GDP of the New York metro area amounted to $1.5 trillion, according to data compiled by Statista.com.\nIf you had to pick only one place to do business, the Big Apple would seem a prudent choice.\nFinally, SLG is almost certainly going to tempt onlookers with its massive forward yield of 7.3%. Considering that the real estate segment’s average yield is 4.46%, SLG positively stands out.\n\n\n\n\n\n\nStag Industrial (STAG)\n\n\nSource: Vitalii Vodolazskyi / Shutterstock\n\nDividend Yield: 4.3%\nA REIT focused on the acquisition and operation of industrial properties throughout the U.S., STAG Industrial (NYSE:STAG) presents an intriguing idea among monthly dividend stocks to buy for reliable income. Compared to just before the Covid-19 crisis, the most recent employment data for July 2022 saw the manufacturing sector tick up slightly, while transportation and warehousing grew nearly 13%.\nFurther, many financial experts peg STAG as one of the monthly dividend stocks to buy for reliable income on the anticipation that the broader e-commerce catalyst will incentivize further development and demand for warehousing facilities.\nNaturally, the risk stems from economic viability. Should we enter a recession, consumer sentiment will likely plummet, which probably wouldn’t augur well for STAG.\nNevertheless, the July jobs report did show that employment overall came in much hotter than expected. Should you believe that this trend will continue, the underlying wage growth would benefit commerce. In turn, this may spell good times ahead for STAG Industrial.\nOn the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.\n\nA former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2022/08/7-monthly-dividend-stocks-to-buy-for-reliable-income/.\n©2022 InvestorPlace Media, LLC\n\n\n\nSponsored Headlines\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\t\t\t\tMore from InvestorPlace\t\t\t\t\n\n\n\n\n\n\n\n\n\n\n\n\t\t\t\t\t\t\t\t\tHot Stocks\t\t\t\t\t\t\t\t\n\n\n\n\t\t\t\t\t\t\t\tGet Ready to Shell Out for the ‘iPhone Killer’\t\t\t\t\t\t\t\n\n\n\n\t\t\t\t\t\t\tBy Luke Lango\n\n\t\t\t\t\t\t\t\tAug 12, 2022\t\t\t\t\t\t\t\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\t\t\t\t\t\t\t\tCrypto & Blockchain\t\t\t\t\t\t\t\t\n\n\n\n\t\t\t\t\t\t\t\tEthereum (ETH-USD) May Merge Ahead of Schedule\t\t\t\t\t\t\t\n\n\n\n\t\t\t\t\t\t\tBy Ashley Cassell\n\n\t\t\t\t\t\t\t\tAug 12, 2022\t\t\t\t\t\t\t\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\t\t\t\t\t\t\t\tMarket Insight, Financial Articles\t\t\t\t\t\t\t\t\n\n\n\n\t\t\t\t\t\t\t\tHow to Make 300% in the Stock Market Without Really Trying\t\t\t\t\t\t\t\n\n\n\n\t\t\t\t\t\t\tBy Thomas Yeung\n\n\t\t\t\t\t\t\t\tAug 12, 2022","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"claudebot","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2259772767"}