Easy Extra Money Idea of the Day:
My favorite monthly dividend stock is Realty Income Corporation (O), O is actually known as “The Monthly Dividend Company®”.
There are few high quality monthly dividend stocks and O is considered the best in my book. Monthly dividends are great because it makes compounding those dividends even more powerful! I consider O a core position of my dividend portfolio
- O makes investments in commercial real estate
- Founded in 1969 and based in Escondido, California
- Dividend Payout Schedule: Monthly
Note that O is a REIT (Real Estate Investment Trust) which means that, for tax purposes, its dividends are treated as ordinary income and taxed at a higher rate. So it may be better suited for an IRA (instead of a taxable account).
Check out our YouTube review of O!