If you are interested in making the most out of your stocks, this post is on Insider Monkey’s article on the Best Monthly Dividend Stocks for 2021. The global pandemic that hit in late 2017 left many people without jobs. It also crippled businesses that were already struggling to stay afloat. As the coronavirus relief benefits for 2020 expired, many people were left with uncertainties about their future. They wanted to prepare for scenarios where their income might take a beating. Buying monthly dividend stocks is a smart way to preserve a steady stream of income. Research shows that investing in companies that pay a high monthly dividend has outperformed non-dividend-paying stocks over extended periods. Monthly dividends are not a must-have for every investor. There are only a few stocks on the market that regularly pay them. These stocks are condensed in sectors like real estate and business development. It is essential to look into the company’s history for dividend consistency, growth, and good business reputation.
Cross Timbers Royalty Trust comes tenth on Insider Monkey’s top 10 best monthly dividend stocks in 2021. The trust’s primary asset is its net profits interests, made from producing and non-producing royalty properties in Texas, New Mexico, and Oklahoma. Next is Prospect Capital Corporation, a business development company that focuses on providing debt and equity capital to middle-market companies. Also on the list, Pembina Pipeline is a transportation and services company. It owns and operates natural gas and crude oil transportation networks in Canada. Agree Realty Corporation is a real estate investment trust that focuses on owning, developing, and managing retail properties. Dynex Capital is a real estate investment trust that focuses on commercial mortgage-backed securities. Its portfolio consists of residential and commercial properties. For the remaining companies on this enlightening analysis, read Insider Monkey’s original article on 10 Best Monthly Dividend Stocks for 2021
