Stocks with long track records of annual dividend increases offer investors a sense of comfort. Shareholders can all but count on their income going on – and going up – year after year. With a little creativity, income investors can extend this sense of security to a month-by-month basis, as well.
Many dividend-paying stocks disburse their payments every three months. But if all your dividend stocks pay on the same schedule, say in March, June, September and December, then your income stream would dry up during the months in between. That’s tough, in particular, for retirees who might rely on a steady flow of cash to meet monthly expenses. Fortunately, pay dates for some of the most dependable dividend stocks on the market are scattered all over the calendar.
After researching the payment schedules of the Dividend Aristocrats, 50 companies in Standard & Poor’s 500-stock index that have hiked their dividends annually for at least 25 consecutive years, we put together a portfolio of 12 reliable dividend stocks that ensures investors will receive dividend checks every month of the year.
Data is as of Sept. 13, 2017, unless otherwise indicated. Click on symbol links in each slide for current share prices and more.