Most dividend-paying stocks have a quarterly distribution schedule, meaning they pay dividends every three months. A relatively small number of companies, however, pay dividends monthly. Monthly dividend stocks are usually companies that have made paying income a top priority.
In addition to being more convenient, monthly dividends are a better hedge against inflation when prices are rising quickly. Simply stated, they put money in your pocket faster, which can be very important when the cost of living is going up fast.
If you’re an income investor who prefers monthly dividends, the following list is for you. These stocks have a history of paying consistent monthly income in good times and bad, through all types of economic situations and market conditions. Adding one or more of them to your portfolio today might turn out to be a very good move.
This post originally appeared at U.S. News & World Report.