7 Highest Paying Monthly Dividend Stocks

Ultimate list of the highest-paying monthly dividend stocks that will not only put money in your pocket every month but will boost your portfolio so make more money.

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I love dividend stocks but most only pay dividends on a quarterly basis. The problem is, if you’re just looking at a monthly dividend stocks list, you’re seeing mostly BDCs, REITs and closed-end funds.

That’s a dangerous way to invest!

The problem with investing in a lot of BDCs and REITs for those monthly dividend payments is the same economic forces affect both. If interest rates drop fast, both of these types of dividend stocks could fall and start cutting that cash payout.

As bad as that is, the hidden risks are even greater for closed-end funds. These dividend yield traps catch investors with high dividend yields of 12% and higher but you end up losing more money from the plunging stock price. These dividend funds are also some of the most expensive investments with fees more than double other funds.

Check out my three favorite dividend ETFs for monthly cash in this video    • 3 Best Monthly Dividend ETF for Finan...  

In this video, I’ll start by detailing those risks in monthly dividend stocks and funds before showing you how to find the best dividend stocks for your portfolio. I’ll show you what to look for in monthly dividend stocks as well as how to find the highest-paying stocks. I’ll then reveal the seven best monthly dividend stocks I’m buying right now.

It’s critical that when you’re looking for monthly dividend stocks, you pay attention to the sectors and business types of each stock. That way you don’t weigh your portfolio down with any one type and create a dividend stock list you can count on.

In that list of top monthly dividend stocks, I’ll reveal a complete portfolio of dividend REITs, MLPs, BDCs and other stocks paying a monthly dividend to give you as much diversification as possible. I’ll show you the dividend yield in each as well as price targets for each stock.

2:06 The problem with monthly dividends from closed-end funds
3:22 How to find the highest-paying monthly dividend stocks
4:55 7 Best monthly dividend stocks to buy

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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.