If you have a smaller business, you can often find that you don’t have the money for some of the big moves needed to build your business quickly. However, that does not mean that you aren’t able to build and grow at all. You just need to make sure that you are choosing some of the more cost-effective ways of doing so. [Read more…]
If you’re interested in investing in dividends, it’s important to understand monthly dividends, in particular. Though they come with a list of advantages, they also have some drawbacks to consider as an investor. Read on to learn more about monthly dividends, their benefits and disadvantages, and popular stocks to invest in for monthly dividends.
What Is a Monthly Dividend?
Monthly dividends are dividend stocks that are paid out on a monthly basis as opposed to those distributed on a quarterly, semi-annually, or on an annual basis. This type of payment often means a more seamless stream of income for investors since they’re receiving these profit distributions more regularly.
What Are the Benefits of Investing in Monthly Dividends?
Monthly dividends come with a variety of advantages for investors. Here are some of the main benefits you receive when you make this type of investment:
- Steadier income and increased trust: Though quarterly distributions offer investors a steady stream of income, the increased frequency you get with monthly distributions can help you to better trust and rely on the company for making timely payments.
- Easier to afford monthly expenses: Since these dividends are paid out each month, they can help you afford monthly expenses such as utilities and rent more easily. In other words, they help match the frequency of portfolio income payments with the frequency of personal expenses.
- High yields: Monthly payments come with high yields for investors. Income investors, in particular, may be enticed by this benefit since it means a good source of income.
What Are the Disadvantages of Investing In Monthly Dividends?
Along with understanding the benefits that monthly dividends provide, you also need to know the drawbacks. Here are the disadvantages that come with this type of investment:
- They’re not always reliable: Since monthly dividends can be speculative, they may not be the most reliable form of dividend investing. This can be a rather large disadvantage for investors looking for a steady stream of income each month.
- Potential cash shortfall: When you have monthly dividends, payments are made more frequently. This means your management has to deal with it on a more frequent basis. If the money isn’t planned for or managed wisely, it can lead to a cash crunch.
- Higher risks: With a shorter history and high payout ratios come heightened risk levels. In addition, though monthly payments may be preferable over quarterly dividends, this may not be the case if the dividend is reduced after you invest.
Most Popular Stocks To Invest In for Monthly Dividends
If you’re just beginning your stock search, consider these popular stocks that you can invest in for monthly dividends:
- STAG Industrial.
- Shaw Communications.
- LTC Properties.
- Main Street Capital Corporation.
- Realty Income.
- TransAlta Renewables.
- Pembina Pipeline.
- Armour Residential REIT.
- Colony Credit Real Estate.
- Mesa Royalty Trust.
Now that you understand how monthly dividends differ from other dividend investments, you’re better equipped to determine if this investment and payment schedule is optimal for you. Review the benefits and drawbacks before you proceed with the investment process.
You may be knowing that construction work can be occupationally dangerous as every year, several construction workers get injured at work. With high chances of getting hurt, it is essential to be educated about the legal options in case you or someone known to you gets injured. Learning of certain aspects ahead of time can make things easier if ever required. [Read more…]
Having bad (or even fair) credit can make it difficult to get a loan. Your potential lenders look at your credit score, which is impacted by income, primary tradelines and more, to determine whether or not you qualify for their loans. But often, the exact things that make you need a loan are the things that disqualify you from getting one. It’s frustrating, but you can work around it. [Read more…]
They say that a thousand-mile journey begins with a single step – and how you start your journey is key in determining the course that your whole adventure will take. It’s the same reason that you should incorporate healthy morning rituals, or why New Year’s resolutions are so popular, or why the start of the new week is always a chance for new momentum. [Read more…]
If you want to stop yourself from becoming a victim of fraud then there are so many things that you can do. Take a look below to find out more.
Always Shield your PIN
You have to make sure that you always shield your pin and that you never send it over the phone or even over the internet. Your bank or the police will never ask you for your pin and they won’t send you emails asking to disclose it either. If you are not sure if you are a victim of fraud or not then it is well-worth you trying to contact the relevant authorities so they can take the appropriate action against your card.
Your Details are as Valuable as Cash
You have to know that your details are as valuable as cash. When they are in the hands of a criminal, there is no difference at all. If you want to make sure that your details are as safe as they can be then it is well-worth trying to make sure that you do everything you can to try and protect your bank details in the same way as you would your wallet. If you have had your money stolen then get your money back with Payback.
Look out for Secure Sites
Before you even think about submitting any card details, you need to look to see if a site is secure or not. If you see a broken key symbol or if you see a padlock then this will show that the site is secure, so you don’t have anything to worry about there.
Check your Browser
Another thing that you can do is check your browser to see if it goes from HTTP to HTTPS. This indicates that you have a very secure connection and that you don’t have to worry about someone stealing your details. If you want to make sure that you are doing everything right with your browser then it would be wise for you to update your browser as well.
Check Receipts against your Statement
If you see that there are unfamiliar receipts or transactions then you need to try and contact your credit card or bank right away. It’s also important that you destroy all documents that might be associated with your details. Never keep documents in your car or your handbag either. If you do then you may find that you end up putting everything at risk.
Don’t Let your Card out of Sight
Always make sure that you never let your bank card out of sight when you make a transaction at a club, bar or even restaurant. You should also never use a bank machine which looks like it might have been tampered with. Always report it right away to your bank if you can because when you do, you will soon find that it is easier than ever for you to stay safe without having to worry about a thing.
We can all be subject to unforeseen circumstances at any one time, no matter how well we are able to plan. The need for emergency cash is real and relatable for any person, and it’s advisable to always have an emergency fund saved up for when things like unexpected medical expenses, car repairs, pressing family situations, or even a sudden retrenchment materialize out of nowhere. Even the very recent COVID-19 pandemic is a prime example of how a global economic downturn can suddenly have an effect on an individual person’s financial stability. [Read more…]
Auto insurance is something that all vehicle owners need, but they don’t necessarily like buying it. Most of the vehicle owners go for a plan that meets the minimum provincial requirements and don’t overthink about it. But where it is a simple method of getting auto insurance, it is not the most effective one. It is important for you to get the insurance that will protect you in the future as it is a matter of safety. Below I have mentioned a few important things that everyone must keep in mind before purchasing auto insurance: [Read more…]
We have seen how stories about past trauma of many came up, irrespective of the gender. Some stories were decades old, but the wounds they carry are yet raw. Sexual abuse is a violation of the body and leaves bruises that appear externally but also the scars in mind and soul. [Read more…]
The global investment landscape is dynamically changing. A few decades ago, industrialization and manufacturing dominated the performance of global capital markets. Starting from the early 2000s, technological advancements played a major role in determining the best-performing stocks in markets around the world. Today, investing in sustainable industries is emerging as a disruptive force for all the right reasons. Leading investment management companies in the world and boutique investment firms have all introduced investment products to provide their clients with exposure to this asset class. [Read more…]