6 Best Monthly Dividend Stocks to Buy Now

For those of you interested in investing for income:  

SEPTEMBER 8, 2022 Invested Advice, rankings and stock market news for investors.

Good morning, investors. Stocks rally big, and investors shrug as Apple unveils its newest iPhones. Highlights of today's newsletter include our market insights plus these new articles: 6 Best Monthly Dividend Stocks to Buy Now 9 Short Squeeze Stocks That Could Take Off in September 9 Best Cheap Stocks to Buy Under $5 TODAY'S FEATURED STOCK STORY 6 Best Monthly Dividend Stocks to Buy Now There is a better way to provide for your expenses in retirement instead of slowly bleeding down your savings. This strategy involves regular income generation from dividend stocks, bonds and other assets. One increasingly popular choice for income investment is monthly dividend stocks because they offer cash flow every 30 days instead of every three months as is typical on Wall Street. There's risk here, as with all investments, but the following monthly dividend stocks could be worth a look in income-oriented portfolios: Agree Realty Corp. (ticker: ADC). Agree is a publicly traded real estate investment trust, or REIT. If you're unfamiliar, this special class of corporation is granted preferential tax treatment to facilitate its capital-intensive operations. And in exchange, all REITs must deliver 90% of taxable income back to shareholders. Agree is primarily engaged in "net leased" retail properties, meaning tenants pay for the upkeep and taxes while ADC just cashes the rent checks. Its diverse portfolio spans 45 states and comprises 21 million square feet of gross leasable property, with tenants such as Walmart Inc. (WMT) and Home Depot Inc. (HD). That makes for a stable operation that can support regular monthly dividend payments to shareholders. Dividend yield: 3.7% Apple Hospitality REIT Inc. (APLE). Apple Hospitality is another REIT, but one focused on a diverse portfolio of upscale hotel properties that span almost 90 different markets in 34 states. These properties are branded under the Marriott, Hilton and Hyatt nameplates and include locales such as Boca Raton, San Diego and New York City. With pent-up demand for travel in the wake of COVID-19, Apple has seen strong revenue lately and its stock has responded in kind. APLE shares are down just under 5% year to date, which is pretty darn good considering the S&P 500 is down about 18% in the same period. Dividend yield: 5.4% Click here to continue reading. 6 best monthly dividend stocks to buy now: Agree Realty Corp. (ADC) Apple Hospitality REIT Inc. (APLE) Cross Timbers Royalty Trust (CRT) Gladstone Capital Corp. (GLAD) Horizon Technology Finance Corp. (HRZN) LTC Properties Inc. (LTC)