Dividend stocks are a good way to supplement your income. And while most of them don't pay monthly, you can still generate monthly income by investing in dividend stocks that have staggered payment schedules. Three stocks that provide high yields that are more than double the S&P 500 average of 1.8% and that could, together, allow you to receive dividends every month are Paramount Global (NASDAQ: PARA) , Hasbro (NASDAQ: HAS) , and Viatris (NASDAQ: VTRS) . Let's find out a bit more about these three dividend-paying stocks.
Paramount Global provides investors with the highest yield on this list at 5.9%. A big reason for the high yield is that the entertainment stock's price nosedived this year, falling a mammoth 46% thus far in 2022.
The company is in the media business and has some attractive assets in Paramount Studios, the Paramount Network, CBS, MTV, and several other popular cable channels. A lot of attention lately is on its direct-to-consumer segment, which includes streaming service Paramount+. At 46 million subscribers, the service is nowhere near Disney + or Netflix , which have more than 220 million subscribers apiece.
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Want to Collect a High Dividend Every Month? Buy These 3 Stocks