Retirement Income: 3 Monthly Dividend Stocks Yielding Up to 17.3%

The list of monthly dividend stocks doesn’t include a lot of blue-chip names. The category consists mostly of ex-income trusts and a hodgepodge of other unusual businesses. But investors can find enough quality and variety here to build a stream of retirement income stream. So to help get you started, I’ve highlighted a few of my favorites. Of course, the list below doesn’t constitute any “buy” recommendations. You still need to do your homework, and no one should ever buy a stock based on its payment schedule. But these companies represent a good starting point for further research.

Pacific Coast Oil Trust (NYSE:ROYT) is a great example. The partnership owns a collection of oil wells in the Santa Maria and Los Angeles Basins. But unlike traditional energy companies, Pacific Coast spends nothing in the way of exploration or drilling. Instead, management is content to milk their existing properties and pay the proceeds to investors. Main Street Capital Corporation (NYSE:MAIN) is the triple-play of monthly dividend stocks: a safe payout, a respectable yield, and growth potential.

Source: Income Investors

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