If I could show you how to earn steady, monthly income from your portfolio, would you be interested?

As regular readers know, I’m a big advocate for owning dividend stocks. But for those of us who rely on our investments to pay the bills, syncing quarterly distributions with monthly expenses is kind of a hassle. Thankfully, there’s a small basket of stocks that pay dividends every month in contrast to the typical quarterly schedule.

It’s not hard to see why companies are switching over to more frequent payouts. Businesses gain a loyal shareholder base and investors are better able to match their income with expenses. It’s a true win-win for everybody involved.

Unfortunately, widely held names are rare in this group. Many of them are ex-income trusts that converted into corporations, but stuck to their high-yield traditions. However, there are enough blue-chip stocks in this universe to build a reliable stream of monthly income.

Here are five top names to get you started.


Current Yield

Market Cap

4.0% $3.1B
Inter Pipeline
4.7% $10.5M
RioCan REIT 4.8% $9.4B
Dream Global REIT 7.8% $1.2B
Timbercreek Mortgage Investment
9.0% $331.4M

Source: Yahoo! Finance

Let’s say a few words about these companies.

Real estate investment trusts, or REITs, give you all the perks of becoming a landlord, but without any of the hassles. These firms buy properties, collect rent from tenants, and pass on the income to investors. And because they receive payments monthly, it only makes sense for them to pay unitholders in the same fashion.

Dream Global REIT  (TSX:DRG.UN) and RioCan Real Estate Investment Trust  (TSX:REI.UN) are some of my favourite names in this space. Both of these firms own sprawling business empires, consisting mostly retail, office, and other commercial properties. Because their corporate tenants have a lot more “rent money” than most people, these trusts sport some of the biggest yields around.

For investors who want a higher claim on real estate earnings, Timbercreek Mortgage Investment Corp. (TSX:TMC) is a safer alternative. This company provides smaller short-term loans not offered by other financial institutions. Because of this gap in the market, borrowers are willing to pay a big premium on these customized products. As a result, Timbercreek is gushing cash flow and currently yields a tidy 9%.

Energy companies are also getting into the monthly dividend game. Drilling programs are expensive. So, to attract the investment dollars they need, many oil names have resorted to paying big distributions. Enerplus Corp. (TSX:ERF)(NYSE:ERF) is my favourite example of this growth-plus-income model. Today the stock yields 4%, but production growth should push that payment higher in upcoming years.

Once again, for investors who can’t stomach the wild swings in energy prices, Inter Pipeline Ltd. (TSX:IPL) is a good substitute. In exchange for moving and storing commodities like oil and gas, the company receives a fee that it passes onto investors. And because the total volume of energy moving through its network is remarkably stable, Inter Pipeline’s cash flows resemble bond coupons.

Revealed: Our No. 1 dividend stock for 2015

These are all great investment ideas, but they're not the only stocks that crank out reliable income. Our top analyst has done his homework. Now he's telling subscribers to back up the truck and buy our No. 1 dividend stock pick for 2015.

The best part, today we're revealing the name and ticker symbol of this firm (along with our full analysis) absolutely FREE. Check out our special report, "1 Top Stock for 2015--and Beyond." Click here now to get the full story.


Let’s not beat around the bush – energy companies performed miserably in 2015. Yet, even though the carnage was widespread, not all energy-related businesses were equally affected.

We've identified an energy company we think offers one of the best growth opportunities around. While this company is largely tied to the production of natural gas, it doesn't actually produce the gas. Instead, it provides the equipment required to get natural gas from the ground to the end user. With diversified operations around the globe, we think it's a rare find in the industry.

We like it so much, we’ve named it as 1 Top Stock for 2016 and Beyond. To find out why, simply enter your email address below to claim your FREE copy of this brand new report, "1 Top Stock for 2016 and Beyond"!

Fool contributor Robert Baillieul has no position in any stocks mentioned.