O - Looking to Increase Your Income? Check Out These Top Monthly Dividend Stocks.
2023-10-14 06:18:00 ET
Income-generating investments can be a great way to increase your income if you have extra cash savings but no time to take on a side gig. While bonds and bank CDs are the safest way to put that money to work generating income, they typically pay a fixed income stream. That's an issue with elevated inflation because it eats into the purchasing power of your income.
Dividend-paying stocks can solve this problem because many routinely increase their payouts, providing investors with some inflation protection. Agree Realty (NYSE: ADC) , EPR Properties (NYSE: EPR) , and Realty Income (NYSE: O) stand out because they have higher dividend yields and pay their dividends monthly instead of on the typical quarterly schedule. That enables their investors to collect more income on a recurring basis.
Agree Realty is a retail real estate investment trust (REIT) . The company owns over 2,000 single-tenant properties net leased or ground leased to high-quality tenants. It focuses on tenants in durable industries resistant to threats from e-commerce and economic downturns. Its top tenants are grocery stores, home improvement, dollar stores, and tire and auto service centers.
For further details see:
Looking to Increase Your Income? Check Out These Top Monthly Dividend Stocks.