8 Monthly Dividend Stocks to Buy for Consistent Income

Conservative investors should adopt the same precautions toward monthly dividend stocks as you would any income-generating investment. For instance, you should never jump aboard a company or fund merely because they pay out monthly. The key here is healthy cash flows and robust, stable sectors. At the same time, monthly dividend stocks offer speculators a reason to join in on the fun. With payouts every 30 days, sometimes risky, high-yielding names offer compelling opportunities. Of course, that depends on your personal tolerance to volatility. And with these cautionary notes out of the way, here are the eight best monthly dividend stocks to consider in 2019...

Investors ought to take a long look at LTC Properties (NYSE:LTC) and LTC stock. Main Street Capital Corporation (NYSE:MAIN) is what experts refer to as a business development company. Whenever discussions about monthly dividend stocks come about, it’s almost inevitable that you’ll hear the name Realty Income (NYSE:O). Canadian cable company Shaw Communications (NYSE:SJR) is another name that frequently pops up among recommended monthly dividend stocks. Infrastructural plays like Pembina Pipeline (NYSE:PBA) typically offer stability. For those who are interested in higher stakes — and of course, higher yields — you should check out Colony Credit Real Estate (NYSE:CLNC). If you want another high-stakes REIT among monthly dividend stocks, but with a residential angle, consider Armour Residental REIT (NYSE:ARR). A far riskier counterpart to Pembina Pipeline, Mesa Royalty Trust (NYSE:MTR) is truly an investment only for the hardened speculator.

Source: InvestorPlace

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