The Best Dividend Stocks

I have recently came across this article from a recommendation of a friend. This is an interesting article that I would like to share with everyone here. It mentioned that you can actually get an overall yield of 4% and cash a dividend check every month of the year from these 3 stocks: - Philip Morris International (PM), Bristol-Myers Squibb (BMY), and Intel (INTC).

The details of the article is as per below:

Monthly dividends from a 3-stock portfolio

by Chuck Carlson, editor DRIP Investor

DRIP investors typically reinvest dividends. However, my guess is that many will eventually need to start taking dividends to supplement other forms of cash flow.

And you’d like to receive those dividends on a regular basis. And, in fact, you can get monthly dividend check from a portfolio holding just three stocks.

True, most companies pay dividends either quarterly or semiannually.

Still, with some homework and planning, it is possible to turn that quarterly event into a monthly one by owning a basket of stocks that pay dividends during different months of the year.

For investors especially focused on current yield, Philip Morris International (PM), Bristol-Myers Squibb (BMY), and Intel (INTC) have special appeal.

Intel yields over 3%, and Bristol-Myers Squibb and Philip Morris International have yields well over 4%.

I would expect the companies to boost dividends over the next 12 months.

Philip Morris pays dividends every January, April, July, and October.

Bristol-Myers Squibb pays dividends February, May, August, and November.

Intel pays dividends March, June, September, and December.

As a result, investors who buy this “three-stock portfolio” would see an overall yield of 4.1% and cash a dividend check every month of the year.

In addition, all of these stocks offer direct-purchase plans whereby any investor may buy the first share and every share of stock directly from the company, without a broker.

Learn more about this financial newsletter at Chuck Carlson's DRIP Investor.