5 Monthly Dividend Stocks for 2015

With the market looking wobbly this December, the need to get paid in cold, hard cash has never been more apparent. If you are already in retirement, selling portfolio positions in a declining market to meet your living expenses is, for lack of better word, scary. Living off of dividend and interest income makes for a far less stressful retirement. But while I’m a major believer in dividend investing, there has always been one major disconnect with it: Most of us pay our bills on a monthly cycle, yet our dividend checks arrive only once per quarter or, in the case of some international stocks, once or twice per year.

Before we get started, I want to make one important clarification. We should never buy a stock simply because it pays its dividend monthly. That would be phenomenally bad investing. When buying a dividend stock, dividend safety is your biggest priority followed by the possibility for dividend growth. A monthly payout — while convenient — is only a consideration once the first two conditions are met. With that said, let’s jump into it: Realty Income (O), LTC Properties, Inc. (LTC), DoubleLine Income Solutions (DSL), Prospect Capital (PSEC) and American Realty Capital Properties (ARCP).

Source: InvestorPlace

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