The Unstoppable Monthly Dividend Stock to Buy and Hold Forever
Realty Income offers a high yield, and it's been raising its payout for decades.
Overview
Dividend stocks that pay on a monthly basis are a bit of a rarity. That's because many often just pay every quarter. While they may offer high yields, they still may not be ideal options for income investors who want cash flow coming in every month of the year. There are exchange-traded funds and the possibility of holding multiple stocks, but those options can come with added costs, greater complexity, and lower overall yields.
This is where Realty Income (NYSE:O) shines. In addition to being a high-yielding stock (it’s yielding around 5.9% right now), it also pays its investors every month. On top of it all, its business is diverse, and it has continuously grown its dividend for decades. It's an unstoppable income stock that investors should consider loading up on. Here's a closer look at it.
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Originally published at www.fool.com.