There are lots of reasons why monthly dividend payers (MDPs) are so attractive for yield-starved investors. After all, why should we settle for four quarterly dividend payments every year when we could just as easily get 12? MDPs are perfect for investors who want a check in the mail every month. This steady source of income can be especially valuable for retirees, students or anyone trying to live on a fixed income. By including MDPs in your portfolio, it’s possible to start generating enough monthly income to… Read More
There are lots of reasons why monthly dividend payers (MDPs) are so attractive for yield-starved investors. After all, why should we settle for four quarterly dividend payments every year when we could just as easily get 12? MDPs are perfect for investors who want a check in the mail every month. This steady source of income can be especially valuable for retirees, students or anyone trying to live on a fixed income. By including MDPs in your portfolio, it’s possible to start generating enough monthly income to cover bills for the mortgage, utilities or to start saving for a vacation. MDPs can also increase your compounding rate. By reinvesting dividends, investors put every dollar back to work buying more shares. These in turn earn more dividends, creating a “snowball” effect. By investing in an MDP paying a steady 5% and reinvesting dividends, your investment would more than double in 13… Read More