The large majority of dividend-paying stocks make distributions quarterly. A small number of companies, however, have elected to pay dividends monthly. Most monthly dividend stocks are companies that primarily exist to generate income. They include real estate investment trusts, or REITs, business development companies, called BDCs, master limited partnerships, or MLPs, and royalty trusts.
The biggest benefit of monthly dividend stocks is also the most obvious: it’s always better and generally more convenient to get paid sooner rather than later. This is especially true during times of inflation when the buying power of a dollar is falling fast.
If you invest – at least partly – for income and see the value in monthly dividends, this list of monthly dividend stocks will be of particular interest to you.
This post originally appeared at U.S. News & World Report.