12 Stocks to get Dividend Every Month – Strategies on how to select a dividend paying stock
We all want to smooth out our dividend income, there are so many quality companies that consistently paying dividend quarterly or monthly. But it will be a hit and miss if you don’t have a strategy. So, I’ve come up with 2 strategies.
Strategy number one – Select company from the Ex Dividend Date Calendar
You to to this website, it will display a ex dividend calendar date, and different company that have already declared dividend on coming up month. This strategy will work when you have extra money to invest or reinvest. As long as you buy the stock 1 day prior to the ex dividend date, you will get a dividend on the coming up 1-4 weeks. There are a few companies to choose from. The greatest benefit is your money will work for you in the near future, instead of buying something that has just paid a dividend, then you’ll have to wait for a full 3 months.
Strategy number two – I have select 12 dividend paying stocks and ETFs that I have pans out for the year. If you happen you use one of the brokerage that let you buy a group of stocks for a fixed price. Then this method would work for you.
My strategy for picking these stocks are:
P/E 10-25, Consistent history of paying dividend, having enough cash to cover, taken beating down for no reason, paying 2-4%
Here are my 12 stocks for each month:
January:Occidental Petroleum Corporation (OXY)
| Day’s Range: | 76.08 – 78.20 |
|---|---|
| 52wk Range: | 72.32 – 101.38 |
| Volume: | 4,772,855 |
| Avg Vol (3m): | 6,587,240 |
| Market Cap: | 60.14B |
| P/E (ttm): | 10.82 |
| EPS (ttm): | 7.17 |
| Div & Yield: | 2.88 (3.70% |
February: Realty Income (O)
| Day’s Range: | 49.18 – 50.43 |
|---|---|
| 52wk Range: | 37.71 – 51.62 |
| Volume: | 2,663,042 |
| Avg Vol (3m): | 1,981,670 |
| Market Cap: | 11.21B |
| P/E (ttm): | 51.20 |
| EPS (ttm): | 0.98 |
| Div & Yield: | 2.20 (4.40%) |
March: Intel Corporation (INTC)
| Day’s Range: | 36.40 – 37.10 |
|---|---|
| 52wk Range: | 23.50 – 37.90 |
| Volume: | 21,207,898 |
| Avg Vol (3m): | 32,137,900 |
| Market Cap: | 177.69B |
| P/E (ttm): | 17.50 |
| EPS (ttm): | 2.10 |
| Div & Yield: | 0.90 (2.60% |
April: McCormick (MKC)
| Day’s Range: | 74.59 – 75.72 |
|---|---|
| 52wk Range: | 62.75 – 77.08 |
| Volume: | 375,321 |
| Avg Vol (3m): | 612,905 |
| Market Cap: | 9.64B |
| P/E (ttm): | 23.45 |
| EPS (ttm): | 3.18 |
| Div & Yield: | 1.60 (2.20% |
May: Procter & Gamble (PG) **I’m rethinking this one as P/E is getting up in the 25**
| Day’s Range: | 90.12 – 91.18 |
|---|---|
| 52wk Range: | 75.26 – 93.89 |
| Volume: | 4,870,516 |
| Avg Vol (3m): | 7,800,800 |
| Market Cap: | 243.87B |
| P/E (ttm): | 24.64 |
| EPS (ttm): | 3.66 |
| Div & Yield: | 2.57 (2.90% |
June: WisdomTree MidCap ETF (DON)
Yield : 3.08%
| 52wk Range: | 70.58 – 85.27 |
|---|
5-year dividend growth rate: 27.0%
Last dividend increase: 39.1% in June 2017
Also pays in: Every month
Smaller and mid-sized companies have joined the rush to pay higher dividends and WisdomTree MidCap ETF (DON) is a convenient way to sample 400 of them, spanning the economy from utilities to REITs to energy to retail. The fund pays dividends each month, joining Realty Income as 12-time payers in this model portfolio
July: Kimberly and Clark (KMB)
| Day’s Range: | 115.52 – 117.19 |
|---|---|
| 52wk Range: | 99.23 – 118.83 |
| Volume: | 1,215,858 |
| Avg Vol (3m): | 1,760,520 |
| Market Cap: | 43.18B |
| P/E (ttm): | 20.52 |
| EPS (ttm): | 5.65 |
| Div & Yield: | 3.36 (2.90% |
August: Potash Corp. of Saskatchewan, Inc. (POT)
| Day’s Range: | 35.70 – 36.52 |
|---|---|
| 52wk Range: | 30.09 – 38.58 |
| Volume: | 3,249,520 |
| Avg Vol (3m): | 4,425,150 |
| Market Cap: | 29.81B |
| P/E (ttm): | 22.53 |
| EPS (ttm): | 1.60 |
| Div & Yield: | 1.40 (4.00%) |
September: Johnson & Johnson (JNJ)
| Day’s Range: | 104.75 – 106.50 |
|---|---|
| 52wk Range: | 86.09 – 109.49 |
| Volume: | 7,360,176 |
| Avg Vol (3m): | 8,321,550 |
| Market Cap: | 293.74B |
| P/E (ttm): | 17.38 |
| EPS (ttm): | 6.04 |
| Div & Yield: | 2.80 (2.70%) |
October: Automatic Data Processing, Inc. (ADP) *** I’m also rethinking this one because P/E is 27
| Day’s Range: | 84.11 – 85.19 |
|---|---|
| 52wk Range: | 63.13 – 86.54 |
| Volume: | 1,388,631 |
| Avg Vol (3m): | 2,022,970 |
| Market Cap: | 40.74B |
| P/E (ttm): | 27.54 |
| EPS (ttm): | 3.07 |
| Div & Yield: | 1.96 (2.40%) |
| Day’s Range: | 84.11 – 85.19 |
|---|---|
| 52wk Range: | 63.13 – 86.54 |
| Volume: | 1,388,631 |
| Avg Vol (3m): | 2,022,970 |
| Market Cap: | 40.74B |
| P/E (ttm): | 27.54 |
| EPS (ttm): | 3.07 |
| Div & Yield: | 1.96 (2.40% |
November: General Dynamics Corporation (GD)
| Day’s Range: | 137.38 – 139.51 |
|---|---|
| 52wk Range: | 93.85 – 146.13 |
| Volume: | 3,032,676 |
| Avg Vol (3m): | 1,883,410 |
| Market Cap: | 46.11B |
| P/E (ttm): | 20.67 |
| EPS (ttm): | 6.72 |
| Div & Yield: | 2.48 (1.80% |
December: American Electric Power Co., Inc. (AEP)
| Day’s Range: | 61.15 – 62.17 |
|---|---|
| 52wk Range: | 46.27 – 63.22 |
| Volume: | 2,413,969 |
| Avg Vol (3m): | 2,747,830 |
| Market Cap: | 30.16B |
| P/E (ttm): | 16.84 |
| EPS (ttm): | 3.66 |
| Div & Yield: | 2.12 (3.50%) |
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