Many dividend investors seek solid passive income streams from quality ultra-high-yield dividend stocks. Passive income is a steady stream of unearned income that doesn’t require active traditional work.
In a world where prices are consistently rising, a monthly check makes sense for many who have bills and expenses due on a 30-day basis.
We screened our 24/7 Wall St. ultra-high-yield monthly dividend stock database, looking for the companies that currently pay the highest monthly dividends. We then looked for those with at least $1 billion in market capitalization and pay-out ratios well below 100%. It is important to remember that these companies are only suitable for investors with a higher risk tolerance. Three top stocks made the cut and are solid ideas now.
This post originally appeared at 24/7 Wall St.