Investing in stocks that pay dividends monthly or regularly is an excellent strategy for investors who want consistent returns. Not all dividend stocks are healthy. Investors who want monthly dividends should consider dividend stocks that offer high yields consistently to facilitate healthy payouts. Another fund worth talking about is Cohen & Steers MLP Income and Energy Opportunity Fund, Inc. International Business Machines Corporation is another notable tech dividend stock that has a dividend yield of 4.59%. …Altria Group is an excellent dividend with decades of consistent dividend hikes. Altria Group and International Business Machines Corporation are not monthly dividend stocks.
Insider Monkey cites the top 10 stocks that pay dividends monthly. Orchid Island Capital is an investment fund that prefers mortgage-backed securities, particularly structured Agency RMBS and passthrough Agency RMBS. The company announced a $0.065 per share dividend for April 2021. Its latest financials reveal that the fund suffered a $0.34 per share GAAP net loss for Q1 2021. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. is a closed-end multi-manager fund that prefers investing in closed-end funds and fixed income securities. Together with sister fund RiverNorth Specialty Finance Corporation, the fund recently declared their Q2 2021 preferred dividends. RiverNorth Opportunities Fund, Inc.’s market strategy is based on tactical asset allocation in exchange-traded funds and closed-end funds. The healthy dividend makes it one of the best dividend stocks that pay dividends monthly. For Western Asset Mortgage Opportunity Fund Inc., most of the fund’s investments are in mortgage-backed securities (MBS), which constitute its diversified portfolio, but it also has another robust portfolio in commercial mortgage-backed securities (CMBS). The company plans to use a public-private investment fund formed through the Legacy Securities Public-Private Investment Program (PPIP) to invest in MBS. Its share price and dividend yield highlight its potential as one of the best monthly dividend stocks. First Trust MLP and Energy Income Fund (NYSE: FEI) is a managed ETF whose portfolio is different from the First Trust Exchange-Traded Fund III ETF. Click to read more in Insider Monkey’s article 10 Stocks that Pay Dividends Monthly.