Blue-chip companies that pay monthly dividends are a fantastic alternative if you want more steady cash flows during retirement, especially if you want to live purely off dividend payments and not touch the principal of your investment portfolio.
When looking for monthly dividend stocks to invest in, Dollar cost averaging is a regular investment technique that tries to use value investing ideas. Benjamin Graham originated the term in his book The Intelligent Investor. Dollar cost averaging, according to Graham, "means simply that the practitioner invests the same amount of money in common equities each month or quarter." The following is a list of monthly income stocks that we like.
$PBA Pembina Pipeline Corp. (Canada)
Pembina Pipeline is a midstream corporation with a comprehensive product range that serves the Canadian and North American markets (particularly the Bakken). Pipelines and gas gathering are among the assets owned by the companies, as are fractionation, storage, and propane exports.
$AW A&W Revenue Royalties Income Fund
A&W Revenue Royalties Income Fund is a limited purpose trust designed to invest in A&W Trade Marks Inc, which controls the A&W trade-marks used in the A&W quick service restaurant business in Canada through its ownership stake in A&W Trade Marks Limited Partnership. The company has opened approximately 32 new locations, bringing the total number of A&W restaurants to approximately 854, of which nearly 845 are franchised and nine are corporately owned and operated. It has awarded A&W Food Services of Canada Inc. a licence to use the A&W trade-marks to promote Root Beer in cans and bottles to the retail grocery trade, in addition to acting as a franchisor of hamburger quick-service restaurants in Canada.
$HRZN Horizon Technology Finance Corporation
Horizon Technology Finance Corp is a specialised lender. Its investment goal is to maximise the total return on its investment portfolio by generating current income from debt investments and capital appreciation from warrants received while making such debt investments. It makes loans to and invests in early-stage firms in the technology, life science, healthcare information and services, and sustainability sectors.
$CRF Cornerstone Total Return Fund Inc.
Cornerstone Total Return Fund Inc is a closed-end management company with a diverse portfolio. Its primary goal is capital appreciation, with current income as a secondary goal. The corporation invests in a variety of industries, including information technology, health care, finance, communication services, industrials, utilities, energy, real estate, and others.
$CLM Cornerstone Strategic Value Fund Inc.
Cornerstone Strategic Value Fund Inc operates as a closed-end management investment company. The fund's goal is to pursue long-term capital appreciation by investing in equity securities of domestic and international corporations. It makes investments in a variety of industries, including finance, information technology, healthcare, consumer discretionary, industrials, consumer staples, energy, telecommunications services, minerals, and others.
While dividends might be paid annually, semiannually, or monthly, the majority of companies pay them quarterly (every three months). However, many investors, particularly those who rely on dividends to support their retirement, prefer monthly payouts since they give a consistent and predictable income that better meets their regular monthly expenses. I hope this list is useful to you; here are some additional articles you might be interested in reading.