You can buy a bunch of stocks that pay quarterly dividends and set it up in such a way that you get monthly dividends. For instance, you can buy one stock that pays in January, another stock that pays in February, and a third stock that pays in March. If each of these corporations pays dividends every three months, you’ll receive dividends each month.
That sounds great, but it’s also complicated. Luckily, you can receive monthly dividends without carefully reviewing the dividend payment schedules of a bunch of different companies.
Some dividend stocks distribute dividends to their investors each month. These publicly traded corporations offer reliable passive income that you can use to cover monthly expenses.
This post originally appeared at 24/7 Wall St.