3 Monthly Dividend Stocks That Could Boost Your Retirement Income

For those investors seeking to add a reliable stream of income to their retirement portfolios, dividend stocks are a popular option. Among them, particular attention should be given to those companies that disburse dividends on a monthly basis rather than quarterly. Monthly dividends can provide a steadier income, which can make financial planning easier for retirees. In the quest for such investment options, three stocks stand out: Realty Income Corporation O, LTC Properties Inc. LTC, and Gladstone Investment Corporation GAIN.

Realty Income Corporation O

Boasting an impressive track record of sustained dividend payouts, Realty Income Corporation, marked by its ticker O, is a real estate investment trust that invests in single-tenant commercial properties across the United States, Puerto Rico, and the United Kingdom. These properties are subject to triple-net leases which require the tenant to handle most property expenses, providing O with a consistent and reliable revenue stream. The company's robust portfolio and savvy management have yielded a reputation for dependable monthly dividends, making O an attractive addition to any income-focused retirement strategy.

LTC Properties Inc. LTC

With a strategic focus on senior housing and healthcare properties, LTC Properties Inc. LTC serves an industry that is seeing growing demand due to demographic trends. As a REIT, LTC utilizes leasebacks, mortgage financing, and structured finance solutions to manage its investments, enabling it to pay out regular monthly dividends. The company's expertise in this niche market of healthcare and senior living, combined with its commitment to shareholder returns, underscores its appeal as a retirement stock.

Gladstone Investment Corporation GAIN

With its focus on providing capital to lower middle market businesses, Gladstone Investment Corporation GAIN operates as a business development company (BDC). GAIN diversifies its portfolio across various industries, providing both debt and equity financing solutions. For investors looking towards retirement, GAIN's monthly distributions - funded by its earnings, which are derived from interest income and realized capital gains - offer a promising addition to their income-generating assets.

Retirement, Income, Dividend