ADC - 3 Monthly Dividend Payers That Are on Sale Now
2023-04-22 07:30:00 ET
Investing in dividend stocks can be a great strategy to generate passive income. However, a potential drawback is that many companies pay dividends quarterly. That creates a challenge for those relying on this income to cover their monthly living expenses.
A handful of companies solve this dilemma by paying monthly dividends . A few of those monthly payers stand out to some Fool.com contributors right now for their cheaper prices. Here's why they think Agree Realty (NYSE: ADC) , Gladstone Commercial (NASDAQ: GOOD) , and AGNC Investment (NASDAQ: AGNC) could be attractive options for those seeking a monthly passive income stream.
Matt DiLallo (Agree Realty): Shares of Agree Realty have fallen about 17% from their 52-week high mainly because of rising interest rates. That sell-off has helped drive the retail real estate investment trust's (REIT) dividend yield up to 4.3%. That's an attractive rate, given the S&P 500 's dividend yield of 1.6%.
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3 Monthly Dividend Payers That Are on Sale Now