7 Best Monthly Dividend Stocks With High Yields

And for your weekend reading pleasure, here are 7 more recommendations for high-yield dividend stocks for those interested in investing for income.  Enjoy the weekend.  

JANUARY 20, 2023 Invested Advice, rankings and stock market news for investors.

Happy Friday, investors! Stocks descend as surprise data on jobless claims adds to worries that the Fed will overtighten. Highlights of today's newsletter include our market insights plus these new articles: 7 Best Monthly Dividend Stocks With High Yields 9 Best Cheap Stocks to Buy Under $10 Brokerage Account vs. IRA: Which Should You Invest In? What to Know About Financial Advisor Fees and Costs TODAY'S FEATURED STOCK STORY 7 Best Monthly Dividend Stocks With High Yields Dividends can be an excellent source of regular income for investors, especially during retirement. While most dividend stocks make their payouts on a quarterly basis, stocks that pay monthly dividends can be particularly appealing to investors who regularly incorporate those dividends into their household budgets. Dividend stocks can also generate long-term upside for investors. These seven monthly dividend stocks have at least 6% yields and make payments about once every four weeks: Main Street Capital Corp. (ticker: MAIN). "The current economic and interest rate environment can make it difficult for mid-sized businesses, especially when it comes to obtaining capital financing from traditional banks right now," says Daniel Milan, managing partner and investment advisor representative at Cornerstone Financial Services. "Main fills this financing gap for small- and mid-sized businesses as a business development company." Houston-based Main Street Capital has helped more than 200 private companies by providing public equity and debt capital solutions. Main may take equity stakes in the companies it supports, and Milan expects strong earnings-per-share growth in 2023. Dividend yield: 7.7% AGNC Investment Corp. (AGNC). AGNC Investment is a mortgage real estate investment trust, or REIT. REITs are a type of corporate structure that receive certain tax benefits but are required to distribute 90% of taxable income to their investors. This mandate guarantees a relatively consistent dividend, which is reflected in AGNC's regular 12-cent monthly payout. As a mortgage REIT, AGNC doesn't invest in residential real estate directly. Instead, it buys mortgage-related securities, which are largely federal loans backed by government-sponsored enterprises, including Fannie Mae and Freddie Mac. Federal backing reduces the risk associated with these assets, giving income investors peace of mind. Dividend yield: 13.8% Click here to continue reading.