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What are monthly dividend stocks?

Monthly dividend stocks are shares of publicly-traded companies that pay dividends on a monthly frequency. AGNC and EFC are some of the highest-yielding monthly dividend stocks as of this month. Many monthly dividend stocks have potentially-unsustainable dividends, and may not be able to continue their payouts indefinitely.

What are the best monthly dividend stocks?

Gladstone Commercial has also been one of the most consistent monthly dividend stocks, paying one uninterrupted since January 2005. What's more, GOOD currently yields a juicy 8.7%. LTC Properties ( LTC, $33.90) is another one of the traditional REITs found on this list of the best monthly dividend stocks.

Should you invest in monthly dividend stocks?

Many monthly dividend stocks have potentially-unsustainable dividends, and may not be able to continue their payouts indefinitely. Some ETFs pay dividends monthly, although they may not be composed of monthly dividend stocks. After years of high inflation, many Americans — retirees in particular — could use a little extra cash every month.

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