We all have bills to pay every month and need fresh money each month, year for year.
There’s just one problem with normal investing: If you’re living off of your investments, you normally get paid on a very different timeframe. Often your dividends come yearly or quarterly and bond interest is usually paid semi-annually.
Even if you have a diversified portfolio of bonds and dividend stocks, this schedule is going to make your monthly cash flows lumpy. I don’t know about you, but I don’t like trying to plan my expenses three to six months in advance.
For a retiree, I can’t think of too many things scarier than running out of money in between quarterly dividend payments. Well, fear not. There is a solution: Monthly dividend stocks.
Monthly paying stocks are not better than quarterly payers. There is a huge limitation in terms of quality stocks but if you have a strong focus on companies with monthly payments, you should look at the following selection of high yieldingstocks.
Prospect Capital -- Yield: 13.21%
Prospect Capital (NASDAQ:PSEC) employs people, generates revenue of $791.08 million and has a net income of $346.34 million. The current market capitalization stands at $2.69 billion.Prospect Capital’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $365.12 million. The EBITDA margin is 46.15% (the operating margin is 45.36% and the net profit margin 43.78%).
Financials: The total debt represents 43.89% of Prospect Capital assets and the total debt in relation to the equity amounts to 80.58%. Due to the financial situation, a return on equity of 9.46% was realized by Prospect Capital.
Twelve trailing months earnings per share reached a value of $0.97. Last fiscal year, Prospect Capital paid $1.19 in the form of dividends to shareholders.
Market Valuation: Here are the price ratios of the company: The P/E ratio is 7.86, the P/S ratio is 3.40 and the P/B ratio is finally 0.73. The dividend yield amounts to 13.21%.
Stock Charts:
Long-Term Stock Price Chart of Prospect Capital (PSEC) |
Long-Term Dividend Payment History of Prospect Capital (PSEC) |
Long-Term Dividend Yield History of Prospect Capital (PSEC) |
Pennantpark Float Rate Capital -- Yield: 9.25%
Pennantpark Float Rate Capital (NASDAQ:PFLT) employs people, generates revenue of $30.36 million and has a net income of $20.51 million. The current market capitalization stands at $331.04 million.Pennantpark Float Rate Capital’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $16.64 million. The EBITDA margin is 54.80% (the operating margin is 54.80% and the net profit margin 67.58%).
Financials: The total debt represents 0.00% of Pennantpark Float Rate Capital assets and the total debt in relation to the equity amounts to 0.00%. Due to the financial situation, a return on equity of 9.66% was realized by Pennantpark Float Rate Capital.
Twelve trailing months earnings per share reached a value of $0.91. Last fiscal year, Pennantpark Float Rate Capital paid $0.00 in the form of dividends to shareholders.
Market Valuation: Here are the price ratios of the company: The P/E ratio is 13.64, the P/S ratio is 10.86 and the P/B ratio is finally 0.86. The dividend yield amounts to 9.25%.
Stock Charts:
Long-Term Stock Price Chart of Pennantpark Float Rate Capital (PFLT) |
Long-Term Dividend Payment History of Pennantpark Float Rate Capital (PFLT) |
Long-Term Dividend Yield History of Pennantpark Float Rate Capital (PFLT) |
Stag Industrial -- Yield: 7.14%
Stag Industrial (NYSE:STAG) employs 31 people, generates revenue of $173.82 million and has a net income of $-5.04 million. The current market capitalization stands at $1.32 billion.Stag Industrial’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $113.23 million. The EBITDA margin is 65.14% (the operating margin is 11.54% and the net profit margin -2.90%).
Financials: The total debt represents 42.12% of Stag Industrial assets and the total debt in relation to the equity amounts to 79.42%. Due to the financial situation, a return on equity of -2.56% was realized by Stag Industrial.
Twelve trailing months earnings per share reached a value of $-0.29. Last fiscal year, Stag Industrial paid $1.24 in the form of dividends to shareholders.
Market Valuation: Here are the price ratios of the company: The P/E ratio is , the P/S ratio is 7.57 and the P/B ratio is finally 1.72. The dividend yield amounts to 7.14%.
Stock Charts:
Long-Term Stock Price Chart of Stag Industrial (STAG) |
Long-Term Dividend Payment History of Stag Industrial (STAG) |
Long-Term Dividend Yield History of Stag Industrial (STAG) |
EPR Properties -- Yield: 6.72%
EPR Properties (NYSE:EPR) employs 40 people, generates revenue of $385.05 million and has a net income of $175.75 million. The current market capitalization stands at $3.12 billion.EPR Properties’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $325.29 million. The EBITDA margin is 84.48% (the operating margin is 67.46% and the net profit margin 45.64%).
Financials: The total debt represents 44.45% of EPR Properties assets and the total debt in relation to the equity amounts to 85.43%. Due to the financial situation, a return on equity of 8.41% was realized by EPR Properties.
Twelve trailing months earnings per share reached a value of $2.87. Last fiscal year, EPR Properties paid $3.42 in the form of dividends to shareholders.
Market Valuation: Here are the price ratios of the company: The P/E ratio is 18.72, the P/S ratio is 8.10 and the P/B ratio is finally 1.60. The dividend yield amounts to 6.72%.
Stock Charts:
Long-Term Stock Price Chart of EPR Properties (EPR) |
Long-Term Dividend Payment History of EPR Properties (EPR) |
Long-Term Dividend Yield History of EPR Properties (EPR) |
LTC Properties -- Yield: 4.88%
LTC Properties (NYSE:LTC) employs 19 people, generates revenue of $118.96 million and has a net income of $73.40 million. The current market capitalization stands at $1.57 billion.LTC Properties’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $107.10 million. The EBITDA margin is 90.03% (the operating margin is 57.53% and the net profit margin 61.70%).
Financials: The total debt represents 29.16% of LTC Properties assets and the total debt in relation to the equity amounts to 42.66%. Due to the financial situation, a return on equity of 11.46% was realized by LTC Properties.
Twelve trailing months earnings per share reached a value of $1.91. Last fiscal year, LTC Properties paid $2.04 in the form of dividends to shareholders.
Market Valuation: Here are the price ratios of the company: The P/E ratio is 23.05, the P/S ratio is 13.24 and the P/B ratio is finally 2.53. The dividend yield amounts to 4.88%.
Stock Charts:
Long-Term Stock Price Chart of LTC Properties (LTC) |
Long-Term Dividend Payment History of LTC Properties (LTC) |
Long-Term Dividend Yield History of LTC Properties (LTC) |
Realty Income -- Yield: 4.80%
Realty Income (NYSE:O) employs 127 people, generates revenue of $933.50 million and has a net income of $269.14 million. The current market capitalization stands at $11.82 billion.Realty Income’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $827.48 million. The EBITDA margin is 88.64% (the operating margin is 25.00% and the net profit margin 28.83%).
Financials: The total debt represents 44.82% of Realty Income assets and the total debt in relation to the equity amounts to 87.92%. Due to the financial situation, a return on equity of 4.50% was realized by Realty Income.
Twelve trailing months earnings per share reached a value of $1.10. Last fiscal year, Realty Income paid $1.64 in the form of dividends to shareholders.
Market Valuation: Here are the price ratios of the company: The P/E ratio is 43.34, the P/S ratio is 12.66 and the P/B ratio is finally 2.05. The dividend yield amounts to 4.80%.
Stock Charts:
Long-Term Stock Price Chart of Realty Income (O) |
Long-Term Dividend Payment History of Realty Income (O) |
Long-Term Dividend Yield History of Realty Income (O) |
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