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What are the Top ASX Monthly Dividend Stocks?

Eva MarcilleVerified
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Summary：Looking for stable investments that generate regular income? Check out the best monthly dividend stocks on the ASX, including Dicker Data, WAM Leaders, Future Generation Investment Company, Rural Funds Group, and MCP Master Income Trust.

Introduction

Investors always look for stable investments that generate regular income. Dividend stocks are one such option that provides investors with a steady stream of income. In this article, we will discuss the top monthly dividend stocks on the Australian Securities Exchange (ASX).

What are monthly dividend stocks?

Monthly dividend stocks are companies that pay dividends to their shareholders on a monthly basis. These companies are typically in stable industries and have a long history of paying dividends. Monthly dividend stocks are attractive to investors who seek regular income from their investments.

Why invest in monthly dividend stocks?

Monthly dividend stocks provide investors with a steady stream of income. They are an excellent option for retirees or anyone who needs regular income from their investments. Monthly dividend stocks are also less volatile than other stocks, as they are typically in stable industries. Additionally, monthly dividend stocks can help investors diversify their portfolio and reduce risk.

Top ASX monthly dividend stocks

1. Dicker Data (DDR)

Dicker Data is a technology distribution company that pays a monthly dividend. The company has a strong track record of paying dividends and has increased its dividend payout every year since 2011. Dicker Data currently has a dividend yield of 4.2%.

2. WAM Leaders (WLE)

WAM Leaders is an investment company that invests in ASX-listed companies. The company pays a monthly dividend and has a dividend yield of 4.0%. WAM Leaders has a strong track record of outperforming the ASX 200 index.

3. Future Generation Investment Company (FGX)

Future Generation Investment Company is an investment company that invests in Australian fund managers. The company pays a monthly dividend and has a dividend yield of 4.6%. FGX has a strong track record of outperforming the ASX 200 index.

4. Rural Funds Group (RFF)

Rural Funds Group is a real estate investment trust (REIT) that invests in agricultural assets. The company pays a monthly dividend and has a dividend yield of 4.5%. Rural Funds Group has a strong track record of increasing its dividend payout.

5. MCP Master Income Trust (MXT)

MCP Master Income Trust is a fixed income fund that invests in corporate loans. The company pays a monthly dividend and has a dividend yield of 4.2%. MCP Master Income Trust has a strong track record of generating consistent returns.

Investment Considerations

Investors should consider a few factors before investing in monthly dividend stocks. Firstly, investors should assess the company's financial health and stability. Secondly, investors should consider the company's dividend history and payout ratio. Lastly, investors should consider the company's growth prospects and potential risks.

Conclusion

Monthly dividend stocks are an excellent option for investors seeking regular income from their investments. The top ASX monthly dividend stocks discussed in this article are Dicker Data, WAM Leaders, Future Generation Investment Company, Rural Funds Group, and MCP Master Income Trust. As with any investment, investors should consider the company's financial health, dividend history, growth prospects, and potential risks before investing.

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