10-13-2016, 03:32 AM
Hi, and welcome.
First of all, you don't need a stock that pays monthly in order to get income monthly. Most of the north american companies pay out a quarterly dividend, so 4x per year. With a few different companies you can already achieve monthly income, though the amount will of course vary from month to month. Eventually you will want to own quite many different companies from different sectors in order to have more safety.
However that is not to say that it's a bad idea to look for companies that pay every month, I own a few of those and I couldn't be happier with the stable monthly cashflow. REITs and MLPs often pay out monthly, so those are good places to start looking.
First of all, you don't need a stock that pays monthly in order to get income monthly. Most of the north american companies pay out a quarterly dividend, so 4x per year. With a few different companies you can already achieve monthly income, though the amount will of course vary from month to month. Eventually you will want to own quite many different companies from different sectors in order to have more safety.
However that is not to say that it's a bad idea to look for companies that pay every month, I own a few of those and I couldn't be happier with the stable monthly cashflow. REITs and MLPs often pay out monthly, so those are good places to start looking.