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4 Monthly Dividend Stocks That Can Deliver Reliable Retirement Income

Digilifetrends Published 3 min read

Quick Read

  • Realty Income has lifted its dividend for 116 straight quarters and offers a 5.5% yield, while Agree Realty has the group’s strongest balance sheet at only 5.2x net debt to EBITDA.

  • EPR Properties provides the highest yield at 6.2% and the most coverage, with CFO Mark Peterson saying the AFFO payout ratio is just 60%.

  • LTC Properties pays near month-end, helping fill a gap in the income calendar, and its SHOP seniors housing portfolio has climbed 40% year to date.

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Realty Income: 116 Consecutive Quarterly Increases and Still Going

Realty Income’s annualized forward dividend stands at $3.258 per share. Based on a recent share price of $58.89, that implies a forward yield of about 5.5%, placing it solidly in high-yield territory.

The next dividend payment is set for November 13.

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Agree Realty: The Group’s Strongest Balance Sheet

Agree Realty recently increased its monthly dividend to $0.271 from $0.267, which translates to an annualized forward payout of $3.252. At $69.70 per share, the forward yield comes to roughly 4.7%.

That is the lowest yield in this group, but it comes with the strongest balance sheet.

LTC Properties: Month-End Payments Supported by Seniors Housing

LTC Properties pays $0.19 each month, or $2.28 annually. At $45.14 a share, that represents a forward yield of about 5.1%.

Its dividend checks arrive near the end of the month, with the next payments due November 30 and December 31. That helps fill the calendar gap left by the mid-month payers in this group.

EPR Properties: Highest Yield, Strongest Coverage

EPR Properties pays $0.31 per month, or $3.72 annualized. At $60.08, the forward yield is about 6.2%, making it the only ultra-high-yield name in the group.

Investors can expect the next payout on November 16.

Four Payments, One Monthly Income Schedule

Realty Income and Agree Realty both pay on November 13, EPR follows on November 16, and LTC pays on November 30, spreading the checks across the month.

Realty Income and Agree Realty offer long records of dividend growth and net-lease stability. LTC adds consistent end-of-month income from seniors housing, while EPR delivers the highest yield with the most coverage behind it. Each payout is supported by recurring cash flow, so the monthly checks rest on more than timing alone.

Learn 7 Ways To Generate Income With A $1,000,000+ Portfolio

If you’ve saved more than $1,000,000, this guide is for you. In retirement, the last thing you want is to run out of money; instead, you want your portfolio to keep producing income while you enjoy life.

Now you can learn the strategies wealthy retirees use to fund retirement with The Definitive Guide to Retirement Income from Fisher Investments. Download the guide today! (sponsor)

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