We’ll start with how to pick monthly dividend stocks for your retirement portfolio. I’ll show you five of my favorite later but I want you to know how to find the best for your money.
I’ll then get you started with two great monthly dividend funds and then reveal those five dividend stocks paying an average 7.5% dividend yield and putting that money in your pocket!
Dividend-paying stocks can be a lucrative addition to your portfolio if you select them correctly and build up your holdings over time.
Ideally, if you are interested in dividends, you should choose companies that have a long history of dividend payments and that are increasing their dividends every year.
When it comes to picking those monthly dividend stocks for your portfolio, you really do need to start with what you need out of the stocks.
Our first monthly dividend fund is the Invesco S&P 500 High Dividend, Low Volatility ETF, ticker SPHD is a favorite among investors and pays a 5.4% yield.
The next fund I’m adding is the iShares Preferred and Income Securities ETF, ticker PFF, which holds preferred shares of 489 companies and pays a 5.7% dividend yield.