Dividend Stock That Pays Every. Single. Month
Dividend Stock That Pays Every. Single. Month Ask any income-focused investor, and they will say that there’s only one thing better than a quarterly dividend. That one thing is getting paid on a monthly cadence. Monthly dividends, especially a higher yield from a 6% dividend stock, can be a powerful source of income. Monthly dividends are a better match for income-seekers. They align more closely with real-life bills and necessities. Not only does this make it easier to budget for, but it can also make compounding quicker. So then, where can investors look to find that 6% dividend stock that pays out on a monthly schedule? REITs are great income investments that can provide that yield. Specifically, SmartCentres REIT is one option for investors to consider. As of the time of writing, the REIT offers a monthly distribution that carries a 6.3% yield. For Canadians building a passive income stream in a TFSA, including SmartCentres in an income portfolio can b...