Boomers Looking for Passive Income Can Buy 5 Safe High-Yield Monthly Income Stocks

"Passive income is characterized by its ability to generate revenue without the earner's continuous active effort, making it a desirable financial strategy for those seeking to diversify their income streams or achieve financial independence. The more passive income can help cover rising costs, the better, making it easier for investors to set aside money for future needs as they prepare to enjoy retirement. Dependable recurring dividends from quality, high-yield stocks are a recipe for success, especially when those dividends are paid monthly."

"A monthly check from your stock portfolio makes sense for most people with bills and expenses due every 30 days, especially in a world where prices are consistently rising. Payments for mortgages, rent, utilities, cell phone and internet bills, trash collection, and even grocery bills are always due each month. A steady stream of passive monthly income can be a huge help in meeting those obligations."

"Since 1926, dividends have accounted for approximately 32% of the S&P 500's total return, while capital appreciation has accounted for 68%. Therefore, sustainable dividend income and the potential for capital appreciation are essential to total return expectations. A study by Hartford Funds, in collaboration with Ned Davis Research, found that dividend stocks delivered an annualized return of 9.18% over the 50 years from 1973 to 2023. Over the same timeline, this was more than double the annualized return for non-payers (3.95%)."

Passive income generates revenue without continuous active effort and helps investors diversify income and prepare for retirement. Monthly dividends align with common monthly obligations such as mortgages, rent, utilities, and groceries, helping cover rising costs. Screening identified five quality, Buy-rated companies that pay monthly dividends and may suit Baby Boomer investors seeking passive income and capital appreciation. Dividends historically contributed about 32% of S&P 500 total returns since 1926, and dividend-paying stocks delivered an annualized 9.18% return from 1973–2023, more than double the 3.95% return of non-payers. Agree Realty is an $8+ billion leader in net-leased retail property acquisitions.

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