5 Income ETFs To Buy Once And Collect Monthly Checks Forever

Most large U.S. index funds pay dividends quarterly. A smaller group distributes monthly, which suits someone drawing income from a portfolio. Five funds stand out.

Each generates monthly income differently. Two write index options to convert equity volatility into cash. Two screen the S&P 500 or dividend-growth universe for the highest yields, with quality overlays. One is simply the Dow, packaged to be distributed monthly rather than quarterly.

This post originally appeared at 24/7 Wall St.