#monthly-dividends

#monthly-dividends

How can you turn your portfolio into a cash-flow machine? One strategy is to hold shares of investment/financier companies (i.e., businesses that invest in other businesses) that pay decent dividends. You can reinvest the cash distributions more frequently, leverage the compounding effect, and potentially grow your wealth even faster when the financier companies pay monthly dividends. Therefore, today I'm giving you five stock picks that pay dividends month after month.

Other ETFs have outperformed it, and some have done so while paying higher yields. Diversifying into these ETFs is a good idea just in case the index SCHD tracks (Dow Jones U.S. Dividend 100 Index) underperforms. It is also an even better idea to look into monthly dividend ETFs. These ETFs compound faster and are more convenient if you want to compound your holdings over decades or get paid more frequently if you are retired.