Most dividend stocks pay quarterly, but monthly dividend stocks turn every thirty days into a payday. The number of payouts per year is very attractive since these dividends compound better than quarterly or annual dividends.
Monthly dividend stocks have historically delivered steadier total returns as each distribution can be reinvested earlier or redirected earlier into other opportunities in the market. The types of companies that pay monthly are usually real estate investment trusts (REITs) or companies linked to lending.
Here are three cash-cow monthly dividend stocks you can buy and forget.
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