Most dividend stocks make quarterly payments. That can make it more challenging for those seeking to align their income with their monthly expenses. You'd need to do a bit more work to build a portfolio of companies with staggered dividend payment schedules so that you can generate enough income each month to help cover some of your expenses.

The majority of dividend-paying stocks distribute payouts on a quarterly basis, or every three months. However, companies that provide dividends on a monthly schedule are much less common.

For investors looking to generate steady passive income, Canadian monthly dividend stocks can be a great addition to a portfolio. Instead of waiting for quarterly payouts, these stocks pay dividends every 30 days, providing consistent cash flow that can be reinvested or used as extra income.

LTC Properties (NYSE: LTC) and Realty Income (NYSE: O) are real estate investment trusts (REITs) that pay dividends monthly. What does LTC Properties do? LTC Properties' name is more descriptive than you'd think because LTC stands for long term care.

You can buy a bunch of stocks that pay quarterly dividends and set it up in such a way that you get monthly dividends. For instance, you can buy one stock that pays in January, another stock that pays in February,

We recently compiled a list of the 12 Best Stocks That Pay Monthly Dividends in 2025. In this article, we are going to take a look at where Ellington Financial Inc. (NYSE:EFC) stands against the other dividend stocks.