#monthly-dividends

#monthly-dividends

Dividend yields are a driving priority among many investors, especially retirees and others who are dependent on dividend income for paying living expenses. An emerging secondary demographic consisting of Gen-Z and some Millennials who use high monthly dividends in a dividend compounding program for wealth building purposes has also arisen. Exchange Traded Funds (ETF) and Closed End Funds (CEF) that pay high monthly dividends are numerous and offer a wide range of choices.

How can you turn your portfolio into a cash-flow machine? One strategy is to hold shares of investment/financier companies (i.e., businesses that invest in other businesses) that pay decent dividends. You can reinvest the cash distributions more frequently, leverage the compounding effect, and potentially grow your wealth even faster when the financier companies pay monthly dividends. Therefore, today I'm giving you five stock picks that pay dividends month after month.