3 Monthly Dividend Stocks Yielding Up To 7.7%

3 Monthly Dividend Stocks Yielding Up To 7.7%

These hidden gems aren't easy to find, but they are out there. While 99% of the market's dividend payers dish out dollars every quarter or longer, it is possible to find dividends that match up with our monthly bills. Monthly dividends can be a "must have" in retirement. While those in the workforce can cash a check once or twice a month, retirees don't have active income. (That's the point of retirement—less required activity!) Our leisure and financial security is possible. We simply need our money to work harder for us. In this spirit, quarterly blue-chip stocks often come up short. They send out "lumpy" payments. For instance, a big January might be followed by a so-so February and a lean March. Some investors go through the complicated process of building a "dividend calendar" in which they hold specific amounts of specific stocks to make sure their monthly payouts even out, but if just one of those stocks cuts their payouts, that balance is sent reeling. Not so with monthly dividend stocks. Check out the table below. Up top is the dividend schedule for a 6. 2%-yielding dividend portfolio made up of "normal" stocks. Below that is the income from