Dividends Every Month

05/20/2016 9:00 am EST


Richard Moroney

Editor, Dow Theory Forecasts

We know many investors rely on the dividends from your stock portfolios to fund some or all of your living expenses; therefore, we’ve create a24-stock portfolio that pays dividends every month, explains Richard Moroney, editor of Dow Theory Forecasts.

Most stocks pay four dividends a year, once each quarter. However, of the stocks in our coverage universe that paid a dividend in the first quarter, nearly half paid in March.

As such, investors tend to receive a large chunk of their dividend payments late in the quarter, which could leave them light during the early months of the quarter.

In addition, while most companies pay on a regular schedule, (January, April, July, October; February, May, August, November; or March, June, September, December), plenty are not that regular.

With the above scheduling issues in mind, we’ve assembled a portfolio of 24 stocks that yields a combined 2.8% and pays out no less than 8% of its dividends each month.

To avoid concentration, we limited the portfolio to no more than 21% in a given sector.

Dividends paid January, April, July, and October

Cisco Systems (CSCO) — yielding 3.9%
Comcast (CMCSA) — yielding 1.8%
Foot Locker (FL) — yielding 1.8%
Lam Research (LRCX) — yielding 1.6%
Portland General (POR) — yielding 3.1%
Scana (SCG) — yielding 3.3%
Spire (SR) — yielding 3.0%
UGI (UGI) — yielding 2.3%

Dividends paid February, May, August, and November

American Express (AXP) — yielding 1.8%
Anthem (ANTM) — yielding 1.9%
Apple (AAPL) — yielding 2.4%
CVS Health (CVS) — yielding 1.6%
EQT Midstream (EQM) — yielding 3.9%
Spectra Energy (SEP) — yielding 5.3%
Star Gas (SGU) — yielding 4.7%
Verizon (VZ) — yielding 4.4%

Dividends paid March, June, September, and December

Alaska Air Group (ALK) — yielding 1.6%
Ford Motor (F) — yielding 4.5%
General Motors (GM) — yielding 5.0%
Gilead Sciences (GILD) — yielding 2.2%
Kroger (KR) — yielding 1.2%
Robert Half Int’l (RHI) — yielding 2.3%
Skyworks Solutions (SWKS) — yielding 1.6%
Wells Fargo (WFC) — yielding 3.1%

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By Richard Moroney, Editor of Dow Theory Forecasts

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