Want a dividend check every month? This list of monthly dividend stocks pays a 10.8% average dividend yield! Check out my three favorite dividend ETFs for monthly cash in this video    • 3 Best Monthly Dividend ETF for Finan...  

I’ll be ranking our monthly dividend stock list from lowest to highest paying but stick around because I’ll also show you how to analyze dividend stocks and reveal the risks in these you need to know. When you're investing in monthly dividend stocks, you want to watch out for three risks; chasing yield, falling stock price and over-exposure to just two business types. I'll detail how to avoid these risk of monthly dividend payers in the video.

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Besides giving you that list of monthly dividend stocks, I want to show you how to find dividend stocks for your own portfolio. Here I’m looking for companies with a strong dividend yield but not at the risk of cash flow problems. You’ll see in a lot of high yield stocks, the company is keeping nothing back in cash flow so that liquidity is a constant threat. Instead, I want companies that are able to keep up that dividend but also reinvesting into the business for growth.

Want more monthly dividend stocks? Watch the first video for an average 10.7% dividend yield!    • 7 Highest Paying Monthly Dividend Stocks  

I’m generally going to be looking for larger companies, ones with a market cap over $3.5 billion though I’ll break this rule on occasion if the stock meets the other two criteria . Basically, I want to make sure the companies have that financial power and size to survive the recession no matter what, companies that are going to have that access to credit if they need it.

Finally, I’m also going to check out the dividend history of the stock. I can go here to Yahoo Finance under Historical Data in the menu, and change it to show dividends to see that consistency and growth in the payouts.

Of course, I’m also looking for companies with a yield of 6% or higher and that pay out on a monthly basis. The overall market averages around a 2% yield so these stocks are paying more than three times the market average.

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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.
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